Simmy
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- Government statistics show that foreign tourist arrivals in India in August declined to 3.82 lakh compared to 4.52 lakh in July, with lower numbers expected for the Commonwealth Games than the 90,000 that visited Melbourne. - Hotels in cities hosting the Games are feeling the impact through reduced bookings and may have to lower room rates. - Axis Bank has launched an instant money transfer service that allows funds transfer even if the beneficiary does not have a bank account, targeting migrant workers and students. - HDFC has reintroduced a dual fixed rate home loan scheme with rates of 8.5% until this fiscal year and 9.5% for FY12, to be linked
Simmy
- 1. WEEKENED NEWS PRESENTED BY-SimmyBansal
- 2. GAMES TO SEE LOWER NUMBER OF FOREIGN TOURISTCommon wealth games, with a less than a month to go, government statistic show that the foreign tourist arrives in the india in august have declined to 3.82 lakh compared with 4.52 in july this year.Melbourne had witnessed 90,000 foreign tourist when they hosted the games. India had all expected the same but it was very less than the expectation.
- 3. The cities hotels are also feeling dampened by the booking & might have to slash room rates substantially The sector analyst said their will huge loss to the city by lesser international tourist.
- 4. AXIS BANK TO LAUNCHES REMITTANCE SERVICE AXIS bank has launched Instant Money Transfer Service, which enable funds transfer even if the beneficiary does not maintain a bank account.Migrant population employed in the unorganized segment in urban area as well as students will the target group for this service.
- 5. HDFC reintroduces dual rate Home Loan SchemeHDFC has reintroduced a dual rate home loan scheme to ensure that its home loan products remain competitive.
- 6. Under this new dual fixed rate structure, loans up to the end of this fiscal will be priced at 8.5%.
- 7. While for FY12, loans would be priced at 9.5%.Thereafter, loans would be linked to the then prevailing Prime Lending Rate.
- 8. HDFC raised its retail prime lending rate by half a percentage point.Maruti to invest Rs.1925 crore in proposed plantMarutisuzuki plans fresh investment of Rs.1925 crore in the proposed sixth plant that will help it to produce an additional 2.5 lakh cars by 2013. With the proposed expansion at Maruti Suzuki India will become the Japanese parents biggest production base.