Monthly Archives: December 2018

Bank of India Inaugurates ATM at Charilam in Tripura

Jaipur, December 13, 2018 : Bank of India one of the largest nationalized banks in India recently inaugurated an ATM at Charilam in Tripura . This ATM will be able to deliver service to more than 1000 people as there are no ATMs in the distance of three to four Kilometers. The ATM was inaugurated by Honorable Deputy Chief Minister …

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Jaipur, December 13, 2018: With the end of race 2 at the Chang circuit in Buriram today, the curtains closed for the 2018 Asia Road Racing Championship 2018 (ARRC). It’s been a cracker of a season for India’s first solo team – ‘IDEMITSU Honda Racing India team by T. Pro Ten10. With Rajiv’s and Hada’s double whammy of notching points …

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YES Asset Management receives approval to launch two mutual fund schemes

Jaipur, December 13, 2018: YES BANK is pleased to announce that pursuant to the final regulatory approval (Certificate of Registration) from the Securities & Exchange Board of India (SEBI) to commence its Mutual Fund business, YES Asset Management (India) Limited, the wholly owned subsidiary of YES BANK has received SEBI approval to launch: YES Liquid Fund and YES Ultra Short …

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Axis Bank’s prepaid Forex Card sales crosses $10 billion; an industry-first milestone.

Jaipur, December 13, 2018: Axis Bank, India’s third-largest private sector bank, announced that its prepaid forex cards has crossed aggregate load value of $10-billion, an industry-first milestone. With this noteworthy achievement, the Bank has further consolidated its leadership position in the over $4-billion annual prepaid forex card market in the country. Significantly, the business has grown at 16% annually over the …

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Ashok Leyland and Israel’s ELBIT Systems sign MOU for High Mobility Vehicles

Jaipur, December 13, 2018: Ashok Leyland, flagship of the Hinduja Group and the largest supplier of Wheeled Military Vehicles to Indian Army, today, signed a Memorandum of Understanding (MOU) with ELBIT Systems. As part of this agreement, Ashok Leyland will provide High Mobility vehicles (HMV) for mounting Elbit Systems’artillery guns and systems. The integrated systems are targeted for worldwide export …

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Mahindra Electric and SmartE enter into Strategic Partnership to transform last mile connectivity in India

Jaipur, December 13, 2018: Mahindra Electric Mobility Ltd, part of the USD 20.7 billion Mahindra Group, and SmartE, India’s largest electric vehicle fleet operator,today signed a Memorandum of Understanding(MoU) to driveelectric mobility forwardin India. Under the MoU, SmartEwill introduce the first 1,000 Mahindra Treo and Treo Yaari electric three wheelers in Delhi-NCR by March 2019. The company also plans to …

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Honda 2Wheelers India launches ‘Honda Joy Club’

Jaipur, 13 October 2018: Entering its milestone 18th year in India, Honda 2Wheelers India today announced its Honda Joy Club – its first ever customer loyalty program. ‘Honda Joy Club’ is a first-of-its-kind loyalty program with unprecedented concept having unparalleled scale backed by unmatched benefits for both existing and new Honda 2 wheeler customers. It’s the biggest and 1stdigital loyalty …

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UTI Value Opportunities Fund – Finding value where Market Underestimates

Jaipur, December 12, 2018: Financial experts often recommend that investors should invest in funds that capture the near complete spectrum of the markets, in other words well diversified funds. One tends to gravitate towards large cap funds since they optically cover anywhere from ~80-85% of the market capitalization. Although large caps do represent the broader markets/indices, investors should recognize that these …

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Low Consumer Sentiment and Tight Liquidity Drives Down Vehicle Sales In November 2018

Production The industry produced a total 21,945,408 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-November 2018 as against 19,502,502 in April-November 2017, registering a growth of 12.53 percent over the same period last year. Domestic Sales The sale of Passenger Vehicles grew by 4.90 percent in April-November 2018 over the same period last year. …

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