The all new Maruti Swift Dzire at Rs 4.79 lakh including the 1.2 L petrol in four variants and a 1.3 L Swift Dzire diesel in three variants.

The all new Maruti Swift Dzire at Rs 4.79 lakh including the 1.2 L petrol in four variants and a 1.3 L Swift Dzire diesel in three variants.


Maruti Swift Dzire compact sedan was launched in New Delhi in all seven variants -- including the 1.2 L petrol in four variants and a 1.3 L Swift Dzire diesel in three variants.



Maruti Swift Dzire price starts at Rs 4,79,000 for the base petrol variant.

New Dzire prices:

Maruti Swift Dzire LXi - Rs 479,000

Maruti Swift Dzire Vxi - Rs 532,000

Maruti Swift Dzire Vxi Auto - Rs 654,000

Maruti Swift Dzire ZXi - Rs 619,000

Maruti Swift Dzire LDi - Rs 580,000

Maruti Swift Dzire VDi - Rs 631,000

Maruti Swift Dzire ZDi - Rs 709,000 (Ex-showroom Delhi)



New Maruti Swift Dzire carries forward the superior air around it to the next level with its compact form shortened by 165 mm from the previous version.

The club shaped headlamps on new Swift Dzire are distinct from the rest even from the Maruti Swift hatchback, which was expected to be based on the Maruti Swift design cues, but is more or less retained as before with tweaked new looks to endow the car with a softer touch at the same time exuding the inner strength of the car.

The fog lamps sitting on either side of the prominent grille are well in tandem with the tweaked new headlamps while the new alloy wheels also look quite apt with the rest of the new lustrous exteriors.

The turn indicators integrated side rear view mirrors are also new in the 2012 Swift Dzire version while the makeover is carried to the now shortened rear end to offer a lesser boot 316 litre.

Strides Arcolab Q4 net up 30-fold at Rs 68crore for the fourth quarter ended December 2011 , Latest Stock Price

Strides Arcolab Q4 net up 30-fold at Rs 68crore for the fourth quarter ended December 2011 , Latest Stock Price



Strides Arcolab, a global pharmaceutical company headquartered in Bangalore, has reported 30 times jump in consolidated net profit after minority interest at Rs 68.4 crore for the fourth quarter ended December 2011 compared to Rs 2.2 crore reported in the corresponding quarter previous year.

Its sales for the quarter were up by 50.6 per cent at Rs 686.4 crore compared to the same period a year ago.

The reason for a big jump in profits is mainly on account of a strong performance of injectables and pharmaceuticals business. The company received regulatory approvals for its products and plants during the year. During 2012, the company plans to enter the regulated markets of United States through its Brazilian subsidiary, Dr T S Rangan, Group CFO said.
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State Bank of India, SBI cuts education loan rates by 1%

State Bank of India, SBI cuts education loan rates by 1%



The country's largest lender State Bank of India (SBI) today reduced interest rates on education loans by up to 1% point across various segments, a move likely to be followed by other lenders.

In order to extend financial assistance to students pursuing higher education in India and abroad at affordable rate, SBI has reduced the rate of interest for education loans, the bank said in a statement.

Education loans up to Rs 4 lakh have become cheaper by 0.25%, at 13.5% compared with 13.75% earlier.
Loans between Rs 4 lakh and Rs 7.5 lakh will be available at 13.25% against 14.25%, a sharp reduction of 1%.

Loans beyond Rs 7.5 lakh will cost 0.25% less at 12%.

Under this education loan scheme, loans up to Rs 10 lakh for studies in India and up to Rs 20 lakh for studies abroad are given.

The new rates are effective from today, the bank said.

Besides, under the SBI Scholar Loan Scheme extended to students joining elite institutions such as IIMs, IITs and NITs, the new rate of interest is 200 basis above Base Rate, currently 12%.

The base rate of the bank is 10%.

At present, it said, 111 institutes are covered under this scheme and loans upto Rs 15 lakh are given.

Loans are sanctioned at attractive terms without any security except parent/guardian as co-borrower, it said.

In addition, the bank will offer 0.5% additional concession for girl students.

At the same time, 1% concession for the entire tenure of loan, if full interest is serviced during moratorium period (including course duration), it said.
src-BS

Multi Commodity Exchange, MCX fixes IPO price at Rs 1,032 a share

Multi Commodity Exchange, MCX fixes IPO price at Rs 1,032 a share



The country's top commodity exchange MCX has fixed the price of its initial public offering (IPO) at the upper end of the band at Rs 1,032 a share, raising about Rs 663 crore through the IPO.

Drawing a huge investor response, the IPO was over-subscribed by more than 54 times attracting bids of about Rs 36,000 crore.

The offer price is fixed at Rs 1,032 per equity share of face value of Rs 10 each. The offer price is 103.2 times of the face value," MCX said in a public announcement today.
The MCX IPO, that closed on Friday last week, received a record-breaking demand from retail, institutional and High Net-worth Individual investors.

In terms of demand from retail investors, the MCX IPO is believed to have surpassed all previous records, as the shares reserved for the retail shareholders was over-subscribed by nearly 24 times.

The bidding for the MCX IPO began on February 22 and closed on February 24 in a price band of Rs 860-1,032 per share.

MCX has more than 70% share in the annua estimated turnover of Rs 177 lakh crore for the entire commodity derivatives market.

Globally, MCX is the fifth-largest commodity exchange, while it figures among the top two positions in gold and silver segments.

It would be the first exchange in India to go public, putting the country at par with other markets like the US, the UK, Japan, Australia and Hong Kong.
src-BS