J&K Bank cuts home loan rates
New Delhi, Nov. 19: Toeing Reserve Bank’s stance on interest rates, Jammu and Kashmir Bank today cut the rates on housing loans by 0.25 per cent across the board on its fixed and floating rate schemes. Accordingly, those who opted for fixed interest payment, the rate on housing loan taken for 1-10 years would be 10.50 per cent, while it would be 10.75 per cent for those taken for 11-20 years, the bank said in a release.
Mumbai, Nov. 19: ICICI Prudential Life Insurance Ltd has sold over 2 lakh policies till date with a premium income in excess of Rs 280 crore and sum assured of Rs 5,400 crore.
Drugs ad code
Mumbai, Nov. 19: The Organisation of Pharmaceutical Producers of India today unveiled a “code of ethics for advertisement of drugs” suggesting that advertisements should not include products which are required to be sold only against prescriptions by a registered medical practitioner.
Vadodara, Nov. 19: Three IPCL unions have threatened to go on strike from November 27 to protest against change in working hours and withdrawal of holidays given on second and fourth Saturdays after the change of management.
Oil reserves up
New Delhi, Nov. 19: The Reliance discovery of world-class gas reserves in the Krishna-Godavari basin has led to an upward revision in India’s oil and gas reserves to 12 billion tonnes of oil and oil equivalent gas.
New Delhi, Nov. 19: India has joined the Asia Pacific PKI Forum, which would allow inter-operability to its digital certifying authority licensees with their counterparts in the member countries of that region.
New Delhi, Nov. 19: Arun Nanda, chairman and managing director of Rediffusion DY&R brand communications and co-chairman of Dentsu Young & Rubicam/Wunderman, Asia-Pacific, has been appointed to the global leadership council of Young & Rubicam Advertising.
New Delhi, Nov. 19: Monto Motors, the first local firm to sell imported Chinese motorcycles, today said it would launch a 150-cc cruiser motorcycle to cash in on the demand for such products in the domestic market.