Business News: General

New Delhi: Audi, the German luxury car manufacturer, today announced the launch of the new Audi Q7- the latest version of largest selling performance luxury SUV in India. The new Audi Q7 is available in three engine options - 3.0 TDI quattro, 3.6 FSI quattro and 4.2 FSI quattro at Audi dealerships across the country from 3rd September 2009.

Brazil, Russia, India and China (BRIC) pushed for ending protectionism through financial regulation, re-organising the unfair distribution of quotas and rights at the IMF and the World Bank and reforming these two multilateral lending institutions, at the G-20 finance ministers' meet at London today.

Global steel tycoon Lakshmi Niwas Mittal made his MandA debut in India by picking up 20 per cent stake in the Rs 4,371-crore Uttam Galva Steel Ltd.

Competition watchdogs of BRIC (Brazil, Russia, India and China) countries on Thursday sought co-operation in tackling cartels and anti-competitive agreements and said they would promote fair and free practices in the market by proper enforcement of competition laws.

The National Stock Exchange on Monday launched interest rate futures (IRFs), which can be used by investors as an effective hedge against the fluctuations in interest rates.

As we gear up for the first budget of the newly elected govt, here are a couple of things which may be on the cards.

Amid expectations of improvement in railway amenities and food served in trains, Railway Minister Mamata Banerjee would present a 'pro-people' budget in Parliament.

After Monday's unprecedented surge the Sensex opened on a volatile note but stayed above the 14,000 mark on opening.

Welcoming UPA's win in the general elections markets opened on a very upbeat note triggering of circuit breakers for the first time ever.

Stocks were frozen at the upper circuit. All sectoral indices surged with banking spearheading the rally. Trading has been halted for an hour.

With the success of Jeevan Aastha, LIC has come up with Jeevan Varsha, a close-ended guaranteed additions plan. This new money back plan, provides guaranteed benefits on death as well as maturity and has a few other unique features. There are only two policy terms - 9 years and 12 years - with premium paying term restricted to only 9 years for both.

Confessing to fraud, Raju has written a letter to the board giving details of how the balance sheet has inflated cash balances of Rs 5040 crore.