Indiabulls takes on SBI and HDFC offers

The home loan finance segment, which is witnessing aggressive play by big lenders, got hotter with Indiabulls offering a flat rate of 8.25 per cent till April 2012, claiming to be the best in the category. The rate has been arrived at “taking care of any future fluctuations in interest rates upto April 2012 and market rate linked rates thereafter,” the financial services firm said in a statement issued here today. Country’s largest lender, State Bank of India, has a scheme under which a customer will pay at the rate of 8 per cent per annum for the first year and at nine per cent for the second and third years.

---

The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Zapak brings Spin Master to India

Zapak Games, the licensing & merchandising arm of Zapak Digital Entertainment, announced their association with global toy maker Spin Master. Zapak Games will be the exclusive distributor for many of Spin Master’s largest brands in India. A multi-category children's entertainment company since 1994, Spin Master has been designing, developing, manufacturing and marketing award winning consumer products for children around the world and is recognized as a global growth leader within the toy industry with distribution in more than 65 countries.

---

The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Oberoi rejects stake sale to ITC

Oberoi Group Chairman PRS Oberoi today ruled out selling promoter stake in EIH Ltd, that owns the Oberoi hotels and resorts chain, but said he cannot stop ITC from buying shares in the open market. Earlier this year, ITC Ltd had increased its stake to 14.98 per cent in EIH Ltd triggering speculation that the FMCG- to-hospitality conglomerate could go for an open offer once it crosses the 15 per cent mark. We have 46.4 per cent (in EIH Ltd) and there is no plan to sell any stake, Oberoi told reporters here. Asked about ITC increasing stake in EIH through open market purchases, he said: If somebody wants, we can't stop people buying from the stock market.

---

The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Google says China licence renewed by government

The Chinese government has renewed Google's licence to operate in China, the internet giant has said, ending a long-running stand-off between the two. Google gave no details of the licence renewal. There had been speculation China would revoke the licence after Google began redirecting Chinese users to its unfiltered search site in Hong Kong. But last month, in a conciliatory move towards Beijing, Google said it would no longer automatically redirect users. The licence renewal is key to Google. Losing business in China, which already has more internet users than any other country despite relatively low penetration, could harm the company's future growth prospects. Analysts welcomed the renewal, but warned that fundamental differences between Google and China remained.

---

The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Peugeot and Changan Automotive finalise joint venture

French car giant Peugeot Citroen has become the latest major carmaker to team up with Changan Automotive after sealing a deal to build cars in China. The 50:50 joint venture will produce 200,000 vehicles initially in Shenzhen, southern China, starting in the second half of 2012. It will involve an initial investment of 8.4bn yuan ($1.2bn; £815m). Changan, China's fourth largest carmaker, already has joint ventures with Ford, Volvo, Mazda and Suzuki. An initial agreement between the new partners was signed in May. The deal is designed to give the French carmaker a bigger share of the rapidly-growing Chinese car market, which is already the biggest in the world.

---

The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

EADS submits new bid for USAF refuelling contract

The European defence contractor, EADS, has submitted a new bid to supply refuelling aircraft for the US Air Force. Arch-rival Boeing's bid is expected to be delivered to the Pentagon soon. The contract, which has been long delayed, is worth $35bn (£23bn). Earlier, a long-running World Trade Organisation (WTO) investigation into whether Boeing receives illegal subsidies from the US government postponed its decision on the matter. Both the US and the European Union have reported each other's companies to the WTO, alleging illegal subsidies.

The WTO has already ruled - at the end of June - that the EU had paid illegal subsidies to the EADS subsidiary, Airbus. The EU and Airbus criticised the delay over the Boeing decision. The time lag between this case, and the United States case against support to Airbus... has constantly increased over the six years this dispute has been running and the gap is now at nearly a year, the EU's executive Commission said.

---

The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Rolls-Royce production at its Sussex plant increases

Production at the Rolls-Royce factory in West Sussex has reached its highest level since manufacturing began there in 2003. Rolls-Royce Motor Cars announced the rise after more than 300 vehicles were built in June at its Goodwood plant. Production is currently running at 15 cars a day and all models are sold out until at least September. The firm said sales worldwide were up almost 200% in the first half of 2010 compared to the same period in 2009. Rolls-Royce Motor Cars chief executive Torsten Muller-Otvos said: This is an excellent interim result and we are well on our way to meeting our target of at least doubling our 2009 sales. The German carmaker BMW, which owns Rolls-Royce, also reported a sharp rise in sales; up 13.1%.

---

The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).