Private sector Federal Bank today said it has entered a dealer financing agreement with Hyundai Motor India (HMIL) to thrust commercial vehicle and passenger vehicle loans.
Hyundai Motor India Ltd, the country's leading car manufacturer and the largest passenger car exporter, today signed a Preferred Financier Agreement with Federal Bank, Federal Bank said in a release.
"Federal Bank is expanding its operations in commercial vehicle and passenger vehicle financing. This arrangement with HMIL for funding the dealers will be one of several such initiatives.
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Zopper acquires retail POS company EasyPOS * Hyperlocal mobile marketplace Zopper today announced it has acquired cloud-based retail point-of-sale (POS) company EasyPOS, which would be utilized for billing, inventory, employee and loyalty management.
Zopper has made a cash and stock acquisition in the POS platform with the intent to create a long-term association and value for its partner retailers.
EasyPOS enables businesses to become organized and increase their overall sales.
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Largest integrated puzzle parking set up in Coimbatore * City-based Sieger today claimed to have set up the country's first largest integrated puzzle parking system at a hospital here with a capacity to accommodate 370 cars.
The project, set to become operational on March 10 at the GKNM Hospital, had been developed at a cost of Rs.13 crore, Seiger Managing Director G Radhakrishnan told reporters here.
This was the first of its kind parking system in the country, he said.
Stating that the company, with its footprint deep etched in textile machinery making, has already executed a basement car parking at a textile complex here, Radhakrishnan said that it had taken up two big projects in Chennai and some projects in nearby Salem and Erode.
British Airways offers special fares
*British Airways will offer special fares for its flights from India, which will be applicable on bookings made till April 24.
"The offer is available for flights from India to a huge selection of exciting destinations including the UK and US, the all-inclusive fares starting from just Rs 44,460 on World Traveller economy class and Rs 131,965 on Club World business class," the airline said in a release today.
It would be valid for booking till April 24. The outbound travel period would be till June 30 in World Traveller and in the Club World from May 1 to July 31.
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IFC opens trading at London Stock Exchange
*World Bank group member IFC today opened trading at the London Stock Exchange to commemorate issuance of a 15-year 'masala bond' through which it raised USD 30 million recently.
World Bank group's managing director and chief financial officer Joaquim Levy, IFC's vice president and treasurer Jingdong Hua, LCH Clearnet Group's chief executive Suneel Bakhshi, and Indian High Commissioner to the UK Navtej Sarna were present at the ceremony.
Till now, IFC had raised money through the 'masala bonds' in maturities of three, five, seven, and 10 years, and the longer maturity will help deepen India's capital markets by extending the yield curve and setting a pricing benchmark for future issuances, an LSE statement said.
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Bank of India introduces new technology for payments by mobile
*State-run lender Bank of India today said it has introduced a new technology for payments which will enable a customer to initiate a transaction using the mobile phone, rather than swiping the card.
The payments can be initiated by customer from the mobile using mVisa application, instead of traditional card swipe on the electronic data capturing (EDC) machine, it said in a statement.
The merchants can accept these transactions by creating a quick reference code using the same application which is provided to them as well, it said.
Apart from this, the bank has also introduced EDC machines which can accept transactions of contact less cards, it added.
