The Reserve Bank of India has left it to the discretion of individual banks to levy their own rates for the services they provide.
M&M had "signed a memorandum of understanding with SsangYong Motor to acquire a majority stake in the South Korean SUV maker."
Since the announcement, as many as 25 banks, including State Bank of India, ICICI Bank, Punjab National Bank and Bank of Baroda, have already raised interest rates.
The precious metal had climbed to an all-time high of Rs 19,900 per 10 grams in the domestic markets last week, influenced by firm global prices.
The airline would require Rs 3,000-Rs 4,000 crore annually to pay off its debt, which is primarily on account of aircraft induction, according to an official estimation.
The Insurance Regulatory and Development Authority is proposing to come up with guidelines for Universal Life Products to prevent "mis-selling" of ULPs, a relatively new product in the market.
Sensex fell by 194.78 points to settle the week at 20,250.26 from its last weekend's level on concerns over valuations and ahead of the Q2 results from corporates. Nifty also fell 39.95 points to 6,103.45 from its last week end's level.
The government will meet on October 15 to take a final call on security concessions that they could offer to Chinese and Western vendors on imports equipment.
A World Bank's latest report says the housing boom in India in the last five to six years was restricted to the upper- income group leaving a housing shortage of about 70 million dwelling units mainly in the middle and low-income groups.
Data provided by TAAI indicate that two new casinos and attractive amusement parks have combined to ensure Singapore's popularity this season.