The Delhi High Court has postponed the hearing on HDFC Life’s writ petition against the Pension Fund Regulatory and Development Authority’s (PFRDA) decision to disqualify it in the re-bid process for private NPS (National Pension System) to May 15. The court has also directed both the parties to maintain status quo on the licences. HDFC Life had filed the petition in the third week of April.

Car market leader Maruti Suzuki India has told its dealers to target around 15% growth this fiscal as it looks for a 300 basis point jump in its market share in the country’s 25 lakh unit passenger vehicle market to 45%. The encouraging outlook for FY15, which incidentally is a sharp contrast from the lower 5-6% growth expectations for FY15, announced during the Q4FY14 results last month, was presented to the dealers at an annual meet in Italy earlier this month.

Weighed down by IT stocks, Indian benchmark indices slipped nearly 1% on Wednesday. The Sensex ended down 184.52 points at 22,323.90, while the Nifty dropped 62.75 points to 6,652.55, their three-week and six-week lows, respectively.

The perception that customers prefer private lenders to public sector banks (PSBs) for retail loans might not be prevalent any more, if a recent survey by Nielsen is to be believed.

Asset quality concerns appear to be easing for private sector banks, with most of them reporting a reduction in gross non-performing assets (NPAs) in the fourth quarter, on the back of increased recovery.

Housing Development Finance Corporation (HDFC), India’s largest mortgage lender, said on Tuesday its standalone net profit for the March quarter increased 10.8 per cent from a year earlier to Rs 1,723 crore. Growth in individual loan book, stable margin and improved asset quality aided the lender’s earnings performance.

Hyundai Motor India today rolled out a new variant of its entry level car Eon, priced at Rs 3.83 lakh (ex-showroom Delhi).

It has been a lost decade for Tata Motors. The 138,455 cars the company sold in India in 2013-14 are close to the number it clocked in 2003-04, even as the car market almost tripled during the period, from 902,096 to 2.5 million units.

CHENNAI: Mercedes-Benz India has announced it will intensify its qualitative network expansion by launching 11 new outlets in 2014.

Mercedes Benz India today inaugurated Punjab’s largest luxury car dealership in Mohali-Panjab Motors spread over an area of 55,000 square feet, including a well-structured showroom and a workshop established with an investment of Rs. 16 crores.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.