Newsmakers: BMW to raise prices, Bihar to go dry from Apr 1 and more

Reserve Bank of India (RBI) is allowing foreign investors to buy corporate bonds that are either totally or partly in default, it said on November 26, a potential boost to the country's nascent distressed debt market .

Bihar will go dry from April 1, 2016, Chief Minister Nitish Kumar announced on November 26, as a part of his election pledge- at an official function to mark Prohibition Day.

BMW, on November 26 said it will raise product prices by up to 3 per cent with effect from the first week of January, including the Mini range.

As Snapdeal faced flak on social media over comments by its brand ambassador Aamir Khan, the online market place distanced itself from the remarks saying it was no way connected with them.

Many netizens, enraged by super star Aamir Khan's views on rising intolerance in India, vented their frustration on social networks and deleted e-commerce app to show protest against Snapdeal.

India's gold buying in the key December quarter is likely to fall to the lowest level in eight years, hurt by poor investment demand and back-to-back droughts that have slashed earnings for the country's millions of farmers.