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SBI rights issue

Pune, Nov. 24: The State Bank of India will hold discussions with the finance ministry next week on the much-delayed rights issues plan, chairman Pratip Chaudhuri said today. “We will have a consultation with finance ministry officials next week on the rights issue because they have to give their share in the rights issue,” Chaudhuri said.

Volvo car

Coimbatore, Nov. 24: Volvo will launch its car — V40-Cross Country — in India by the end of March 2013, Tomas Ernburg, managing director of Volvo India, said. Though the company was yet to fix the price for the Indian market, it could be around Rs 25 lakh ex-showroom, Ernburg said.

Forex kitty

Mumbai, Nov. 24: The foreign exchange reserves slipped marginally by $32.7 million to $293.53 billion for the week ended November 17, the RBI said. Foreign currency assets were down $16.4 million to $258.69 billion.


 
 
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