Tata Motors vice-chairman Ravi Kant (centre), managing director for India operations P.M. Telang (left) and president (commercial vehicles) Ravi Pisharody at a press conference to announce the standalone financial results for the third quarter of the fiscal year in Mumbai on Friday.     PHOTO: Asian Age

Mumbai, Jan. 29: If you are planning to make a big purchase on credit, it may be a good idea to do it in the next three months.
Bankers are betting that interest rates are likely to increase by about one per cent over the next one year. The Reserve Bank of India has indicated that it is concerned about inflation, which could go up further.

Mumbai, Jan. 29: Auto major Tata Motors on Friday reported a net profit of Rs 400 crore for the quarter ended December on strong domestic demand against a net loss of Rs 263 crore in the same period last fiscal.

Davos, Jan. 29: Indra Nooyi, the first Indian-born chief executive at PepsiCo, wants a quota system to get more women at the annual World Economic Forum in Davos, Switzerland.

New Delhi, Jan. 29: In a surprise move, the government has postponed to the next fiscal auction of spectrum for 3G telephony, which was expected to bring in Rs 35,000 crore to the exchequer.

Mercedes-Benz India managing director and chief executive officer Wilfred G. Aulbur stands next to new S 350 car during its launch at a press conference in New Delhi on Thursday. The car is priced between Rs 80.5 lakh and Rs 82 lakh (ex-showroom Delhi). This is one of the several news model that the company has launched in the last 27 days.    — ASIAN AGE

Mumbai, Jan. 28: The Reserve Bank is likely to hike cash reserve ratio (CRR), by 0.25 per cent to 0.5 per cent. CRR is the amount of funds that banks have to park with the RBI. The ce-ntral bank may announce some changes in lending norms that may make it tougher for some sectors — notably real estate. Interest rates on loans and deposits with banks could go up by up to one per cent over the next year.

Mumbai, Jan. 28: Riding on higher production, steel major Tata Steel has seen standalone net profit for the December quarter rise 155 per cent to Rs 1,192 crore. The company produced 1.69 million tonnes of steel during the quarter, up 36 per cent over the last year.

Mumbai, Jan. 28: The private airport operators have demanded more duty-free import of liquor and wines, besides classifying aviation turbine fuel as a “declared good” to reduce tax burden on it.

Davos, Jan. 28: The massive $150-billion investment envisaged for the roads and highways sector in the next five years will add about two per cent to the country’s GDP, the transport minister, Mr Kamal Nath said here on Thursday.