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PNB halves penalty on premature withdrawal of deposits
Government-owned Punjab National Bank (PNB) has halved the penalty for premature withdrawal of deposits – a move aimed at attracting more depositors at a time when the medium-term outlook on interest rates is uncertain.

Telecom firms ring in web ambassadors
Idea joins Vodafone to use the fun route on the Net

News of the day

Improve connectivity for growth impetus in NE: PwC
PricewaterhouseCoopers (PwC) has suggested strengthening of connectivity framework in North-East to provide an impetus for economic development of the region. In its survey report, PwC has suggested that North-East empowers people through inclusive governance. Grassroots plans that are prepared and implemented at the grassroots levels and are consolidated at the district level, could help in the provision of public services according to the needs of people.
Public Relations

Tatas, Fiat planning to introduce Nano in Latin America

Tatas is planning to introduce its small car Nano in Latin America in partnership with Italian auto maker Fiat. - Small wonder - Trent changes gear - Tata Steel ups stake in Riversdale, for fourth time - First customer to get Nano keys today - No rivalry with Ambanis, says Wadia - Top guns to sit on Air India intl advisory board Tata Group Chairman Ratan Tata in an interview to Italian newspaper "La Stampa" said both Tata Motors and Fiat are discussing plans to bring Nano into Latin America. Ratan Tata, who is also an independent director at Fiat, said the two companies are also talking about many things, including plans for Iveco, Ferrari and Maserati. Nano — touted as the world"s cheapest car — hit the Indian roads last week. The car, which was commercially launched on March 23 this year, has received 2.06 lakh bookings. Tata Motors has already selected over 1.55 lakh customers for delivering the car. In India, Tata Motors and Fiat have a 50:50 joint venture Fiat Automobiles India, which manufactures engines, among others. According to Ratan Tata, Nano passed the crash test for European safety standards last Friday. Nano is expected to be launched in Europe in 2011.


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