While SBI has decided that it will extend the deadline for its teaser rates by two months, India's biggest private bank, ICICI Bank allowed its rates to expire on April 30.

This step was taken even while the RBI has taken measures to reduce the liquidity in the market and thus curb the money supply.

SBI's deadline too, was supposed to be April 30, however the bank has extended the scheme.

Talking about this, spokesperson of ICICI Bank said that finishing the rates was the final decision taken by the bank.

The National Stock Exchange (NSE) has said that it is delaying the launch of futures and options trading in Gold Exchange Traded Fund after the Forward Markets Commission (FMC) raised objection over the regulatory prospects.

"In view of the concerns raised by another regulator, the Exchange in consultation with Securities and Exchange Board of India (SEBI) has deferred the launch till further notice," NSE said in a statement.

The bailout of debt-laden Greek economy will see a bailout package worth 135 billion euros from the European Union and the International Monetary Fund over a period of three years.

The new package is much higher than the 45 billion euros offered about three weeks ago. The Greek economy moved towards bankruptcy after the rating agency Standard & Poor's brought down the creditworthiness to junk status this week.

Union Agriculture Minister Sharad Pawar has said that the sugar prices in markets around the country are falling to reasonable level after touching a high of Rs. 50 a kg in the previous year.

“From last year's price of Rs. 50, sugar is now being sold at Rs. 35 a kg in the retail market and will further come down in weeks to come,” said Mr. Pawar.

The German luxury car maker, BMW has announced the launch of its new-generation 5-Series sedan in the Indian market.

The new generation model is priced well below the price of cars from the competitors and is expected to help the company sustain its position in the market. The new line up includes the 523i & 535i petrol version and 525d & 530d diesel version.

The joint venture telecom operator between Unitech and Norway's Telenor, Uninor has introduces lower caller rates under its new ‘dynamic pricing' strategy.

The plan named, ‘24x7 Badalta Discount Plan' will offer discounts on rates in the range of 5 per cent and upto 60 per cent depending upon the network traffic. The subscribers will get different discount rates on their calls.

Samsung has unveiled its new Story Station 3.0 which it claims is the fastest and hard drive. The device supports USB 3.0 interface offering much faster and efficient storage solutions than earlier devices.

The hard drive is claimed to be 10 times faster than the USB 2.0 interface. Samsung is positioning the device for easy storing and retrieving large amounts of data quickly.

While there has been a demand and supply mismatch for a long time now in the Indian market, but the industry officials are aware of the fact that the Indian consumer isn't very happy to wait for his new product.

In a typical scenario, it is believed that nearly 50 percent of the Indian consumers are keen at changing their car once in five years and when the consumer wants a new car he looks at options that are available in the market. Moreover, the consumer also weighs a product based on the new features that are being offered with the product and hence makes his final choice.

Analysts are quite certain that as the India's largest automaker, Maruti Suzuki has priced the car aggressively at Rs. 3.28 Lakh in the Indian market; it is going to ignite the price war in the Indian small car market.

After companies like Ford and GM priced their products Figo and Beat aggressively in the Indian market, the market leader has followed it up rightly by pricing the new WagonR below the two.

Riding high on the back of the rural boom, the Indian two-wheeler industry is all set to cross 13.4 million units by 2013-14 from the FY10 level of 9.4 million units, witnessing a CAGR of 9.7%, according to a latest report of CARE Research. In fact, the report further highlights the fact that almost 65% of population can afford two-wheelers in urban areas.

Amidst all the problems relating to the input-cost rise that the Indian tyre makers are facing, the $60 million investment by the International Finance Corporation (IFC) in the Apollo Tyres' Greenfield manufacturing project coming up on the outskirts of Chennai has come as a boon for the company.

While the new plant is expected to commence operations by the first quarter of the fiscal year 2011, it will exclusively produce truck, bus and car radial tyres.

While it was believed that the exports segment will play a major part as far as the growth of the Indian automotive industry was concerned, automakers are expecting flat growth in the current year. In fact, the top two auto majors are expecting a marginal growth as far as exports are concerned.

For the record, India's second largest exporter and the second largest passenger carmaker in the domestic market that exports products like i10 and i20 hatchbacks to the EU is shifting focus to other markets like New Zealand and Vietnam.