The 110cc engine-powered Activa 6G with a Bharat Stage VI (BS-VI) engine is priced at Rs 63,912 (ex-showroom Delhi). With a 5.3 litre fuel tank the Activa can run for 250-300 kms on a full tank considering the Activa has a real world mileage of 47-56 km per litre. With price of petrol hitting Rs 81 per litre the average running cost of the Activa comes to Rs 1.4 to 1.72 per kilometer. If mileage dips then the running cost climbs higher. … [Read more...] about This week in Auto: Bajaj Chetak launced; Comparison between Chetak and Activa
"While corporate loan growth is strong and driving overall loan growth, retail loan growth remains skewed in favour of unsecured products. Asset quality has deteriorated as the bank reported higher slippages from lumpy accounts and the agri segment. However, provisioning buffers should enable a steady earnings trajectory," said the brokerage, which estimated loan book/PAT CAGR at 19/25 percent over FY19-22, led by continued improvement in operating leverage, higher fee income and stable margins. … [Read more...] about HDFC Bank Q3: Mixed numbers; should investors buy, sell or hold?
Foreign portfolio investors (FPis) should consider the option of structuring themselves as companies rather than trusts to avoid paying the increased surcharge announced in Budget 2019, Finance Minister Nirmala Sitharaman said, in a discussion on the Finance Bill in the Parliament on July 18. … [Read more...] about FM dashes hopes of tweak in FPI surcharge, says trusts should register as companies
"There is no truth in it and that is not the right allegation," she said. Appealing to those who oppose the CAA with folded hands, Sitharaman said if you have any objection speak and raise questions in the Parliament. "Please do not make any allegations which are not true and that would create unrest among the public", she said. Noting that the CAA was a sensitive issue and needed to be handled carefully, she said there was no necessity to link NPR or NRC with this. … [Read more...] about States opposing CAA implementation is ‘unconstitutional’: FM Sitharaman
The government, on January 20, appointed new heads for Bank of Baroda, Bank of India and Canara Bank. According to a Mint report, Lingam Venkat Prabhakar will be the MD and CEO of Canara Bank, while Atanu Kumar Das will head Bank of India as MD and CEO. … [Read more...] about Sanjiv Chadha named MD and CEO of Bank of Baroda; Bank of India and Canara Bank get new top execs