Sensex ends down 363 points; banking stocks hit

The BSE Sensex fell 1.79 per cent while the Nifty ended down more than 2 per cent on Monday, marking their second consecutive session of declines, due to continued selling in rate-sensitive shares, especially banks such as State Bank of India, after a surprise rate hike by the Reserve Bank of India (RBI) on Friday.

The Nifty has fallen nearly 4 per cent over the last two sessions, while NSE's bank index has slumped more than 8 per cent in the same period after RBI Governor Raghuram Rajan shocked markets in his maiden policy review on Friday by raising interest rates.

Rupee drops for second day, closes at 62.60

Mumbai: The rupee extended its fall for a second straight session on Monday, hurt by sharp losses in the domestic share market following a surprise rate hike by the Reserve Bank of India (RBI) on Friday, while fears of a tapering by Fed in October also weighed.

The partially convertible rupee closed at 62.60/61 per dollar compared with 62.23/24 on Friday. The unit moved in a range of 62.34 to 62.73 during the session.

Porsche, Mercedes seized from disgraced Thai monk

Bangkok: Thailand has seized nearly $800,000 worth of assets, including a Porsche and a Mercedes-Benz, from a monk who was disrobed for a controversial trip in a private jet, authorities said Friday.

Thailand's Anti-Money Laundering Office (AMLO) said Wiraphon Sukphon was suspected of deceiving people to give him donations.

"Monks can receive donations and must use them for the benefit of the public, not for private use and their own personal comforts," Police Colonel Seehanat Prayoonrat, secretary of the AMLO, told AFP.

Wiraphon went by the name Luang Pu Nen Kham to bolster his claims to be the reincarnation of a famous miracle-performing monk.

Tata Motors plans to raise prices by up to 1.5%

Mumbai: Tata Motors Ltd, India's largest automaker by revenue, is looking to raise prices by 1 per cent-1.5 per cent across its range of commercial and passenger vehicles, following similar moves by rival carmakers.

Tata Sons to launch new airline in India

New Delhi: Tata Group and Singapore Airlines plan to form a full-service airline based in New Delhi, adding a deep-pocketed player to a fast-growing but competitive Indian aviation sector where most operators lose money.

The two will initially invest a combined $100 million to start the carrier, with Tata Sons owning 51 per cent and Singapore Airlines, Asia's second-biggest carrier by market capitalisation, the rest.

The power of small savings

"Someone's sitting in the shade today because someone planted a tree a long time ago." - Warren Buffett.


Common proverb 'filling the bucket, one drop at a time' demonstrates the power of small but consistent efforts towards achieving bigger things in life. However, this gets a whole new dimension when it comes to savings.

The ugly truth about minimum credit card bill payment

Do you pay only the minimum amount due on your credit card bill? Can this lead you to a vicious cycle of debt trap? Paying the minimum balance against a credit card is an unintelligent financial decision. Why is it so?

Eiji Toyoda, who helped steer Toyota's rise, dies at 100

Tokyo: Eiji Toyoda, who helped steer Toyota Motor Corp's global rise and pioneered the automaker's vaunted production system, died on Tuesday, the Japanese automaker said. He was 100.


Toyoda, cousin of the automaker's founder, died of heart failure in Toyota City, the company said in a statement.

Chevy soars 18% as European sales falls Down

European car sales fell 5 percent to 653,872 units in August -- the lowest level since records began in 1990.


Despite the euro-zone slump that is keeping customers out of showrooms, General Motors' sales rose half a percentage point as an 18 percent gain by Chevrolet more than offset a 3 percent decline at the Opel/Vauxhall division.

Ford's European sales decreased 1.5 percent last month.Ford of Europe CEO Stephen Odell said on Sept. 9 that "it does feel like we're running along the bottom" of the auto market contraction.

Mahindra Reva E2O Overall review

Mahindra Reva E2O the car which runs with charge.

Go Green , Stop polluting, one solution for this is start using electic vehicles. Yes look out for Mahindra Reva E20 which is new to the Automobile industry.Mahindra lifted covers off it’s much talked about electric

Dating is something Men are Waiting

When we hear the word dating, we get many thoughts in mind, end of the day we will be blank what exactly to do. Cool no worries i will be giving you guys few tips for your dreamful dating.

                                             

Beauty Tips can help you out!

Everyone wants to be beautiful, im talking about the physic which we pose to others. Todays world its easy to put on weight, but harder to reduce the weight. Even weight can decide your beauty.


Do you need to lose weight fast? The goal of losing weight is often compounded with the necessity of

Insurance gives you Assurance

In our daily life we hear a lot about insurance, it plays a very important role for our family too. So first let us know more about insurance.

Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. The

Electricity enters Automobiles

Electricity enters Automobiles
Now a days we see many things used from electricity like stove etc. Everything goes electric, similarly electricity enters even the big kingdom Automobiles. Man can ride a car with electricity and without fuel, amazing right and economical too.



The future of the motor vehicle, more or less, rests on the shoulders of the lithium-ion battery. This type of battery is the primary powering source used in modern electric cars, and auto manufacturing companies have

Education is Everything- Study tips

Education is something which have the maximum value in todays world.Inorder to be successful in education we need to score good in exams. So some of the tips to score well by studying.

Finance expert at Home

Finance is something everyone hear when it comes about money. Every one wants to save money . Today I will give some tips how to save money at  your own home.

Banking Loans Available For Silver Spoon Holders

What is Securities Lending?

A temporary transfer of securities on a collateralized bases between two parties that is the Lender and Borrower.

These type of banking loans are mainly for Large institutions and Big clients. Securities Lending is handled by Custodian Banks, Securities Lending  Agents.