1. State Bank of India freezes farm gear loans. It has put on-hold all future advances for farm equipment such as tractors, power tillers and combined harvesters. The non-performing assets under farm equipment segment are high at 17% of outstanding Rs.7,000 Cr.
2. Maruti Suzuki increased the car prices by 1,000 to 18,000 rupees across different car models to offset higher input costs.
3. Soaring oil prices and falling growth levels are forcing domestic airlines to increase the fuel surcharge.
4. Reliance retail is looking to rope in more international partners in its retail business. The Reliance Retail has 590 stores in 57 cities spanning 13 states. The company has stated aim of generation 1 million jobs.
5. Automobile maker Mercedes Benz India is targeting sales of 3,000 cars in India this year. Last year, the company had sold 2491 cars in the country.
6. As per the WHO report, India Inc could incur losses to the tune of US$54 billion by 2015 due to rise in lifestyle diseases like diabetes, stroke and cancer because of unhealthy workplaces.
7. Stock markets at Mumbai were closed yesterday. In bullion market, gold closed at a two-month high of Rs.12,515/10 gm and silver closed at Rs.24,030/kg.
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