BMW group to Introduce BMW financial services in India in 2010

October 6th, 2009 NEW DELHI - National airline Air India will be the official carrier for the Commonwealth Games to be held in Delhi in October 2010. The airline would fly athletes to India from other Commonwealth countries for the event.

August 31st, 2009 NEW DELHI - The Government on Monday announced that it will introduce grading system in all Central Board of Secondary Education (CBSE) schools and make Class X board exams optional from coming academic year (2010-11). Union Human Resource Development minister Kapil Sibal, during a press conference in the national capital, said: "Central Advisory Board of Education (CABE) supports making Class X examination optional in CBSE system." "There is a pan-India consensus over the issue.

August 20th, 2009 CHENNAI - The financial services arm of construction and engineering major Larsen and Toubro (L&T) is planning to set up a commercial bank as part of its efforts to have a presence in the entire gamut of financial services in the country. L&T Finance, which already holds 4.69 percent in City Union Bank, said here Thursday that there were related advantages of starting a bank especially to provide services to corporate partners.

August 20th, 2009 NEW DELHI - East India Hotels (EIH), the flagship company of hospitality major Oberoi Group, is setting up two hotels in the Gulf region, one at Abu Dhabi and the other in Oman, while its property in Dubai is progressing well, the group said in a statement Thursday. The company, which reported a 21.53 percent drop in its net profit to Rs.170.44 crore in 2008-09, said plans for consolidation and expansion were on track.

August 19th, 2009 Study: Financial executives see growth in 2010NEW YORK — Financial services executives believe business conditions will bottom in 2009 before a recovery in the sector and broader economy occurs next year, according to a new study from KPMG LLP. About 70 percent of the 130 executives polled believe revenue and profitability in the financial services sector will improve in 2010, according to the business climate survey conducted by the audit, tax and advisory firm.

July 28th, 2009 KOLKATA - Financial services company Magma Fincorp Ltd has signed a joint venture agreement with Germany-based HDI-Gerling International Holding to foray into the general insurance segment in India, a top official said here Tuesday. "The total investment in the insurance company would be around Rs.100 crore where the foreign partner will hold 26 percent stake," Sanjay Chamria, vice-chairman and managing director of the city-based Magma Fincorp, told reporters.

July 23rd, 2009 MUMBAI - Stranded on the road due to a vehicle breakdown and no help around? Not any more. Europ Assistance, an international firm in the field of professional automotive assistance services, has entered India.

July 6th, 2009 NEW DELHI - A new direct tax code will be introduced in 45 days and bring changes in the indirect tax structures, Finance Minister Pranab Mukherjee Monday said while presenting the union budget for 2009-10 in the Lok Sabha Monday. Reiterating his commitment to expedite tax reforms, Mukherjee also said he would aim to introduce the goods and services tax by the initial deadline of April 10, 2010.

May 14th, 2009 BANGALORE - Keen to improve the country's 'financial literacy', the Reserve Bank of India (RBI) has decided to introduce financial sector issues as part of the curriculum in schools and colleges and chosen Karnataka for the pilot project. The plan is part of the central bank's platinum jubilee celebrations.

May 13th, 2009 NEW DELHI - The current global financial crisis, the worst in six decades, is expected to bottom out from the end of this year even as India has managed to emerge largely unscathed, former central bank governor Y.V. Reddy has said.

April 8th, 2009 NEW DELHI - Deloitte today announced the appointment of Avinash Gupta as the national leader for its financial advisory practice. Deloitte's Financial Advisory practice comprises Corporate Finance, Forensic and Dispute Services, Transaction Services, Reorganization Services and Valuation Services.

March 31st, 2009 MUMBAI - Aditya Birla Nuvo Ltd Tuesday said it has acquired over 3.5 million equity shares in its subsidiary Birla Sun Life Distribution Co (BSDL). The shares were acquired from Canada-based Sun Life (India) Distribution Investments Inc.

March 10th, 2009 MUMBAI - Diversified company Aditya Birla Nuvo Ltd Monday said it has completed the acquisition of 76 percent stake in the retail broking firm of the Apollo Hospitals Group. The group bought 56 percent in Apollo Sindhoori Capital Investment from the promoters and another 20 percent through an open offer.

February 24th, 2009 MUMBAI - Reliance Money, part of the Reliance-Anil Dhirubhai Ambani Group (R-ADAG), Tuesday introduced a new facility that enables investors to trade equities and commodities through mobile phones. The new facility is available across all mobile platforms.

January 4th, 2009 NEW DELHI - CDMA telecom service provider Tata Teleservices will roll out GSM services by the end of this year on an investment of $2 billion, the company said here Monday. 'We have already got spectrum (2G) for most of the circles and will roll out the services by the end of this year hopefully,' company managing director Anil Sardana told reporters.