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Road petrol
Should I buy the Maruti Suzuki Swift or the Ritz? I’d like to go for the petrol VXi model of either of these two. My daily travel is not more than 30 km maximum. Do you think I should go for a diesel instead?

Markets off day's high
The markets are trading in the positive zone as global markets have improved on news of easing Dubai fears. Abu Dhabi has lent $10 billion to Dubai as emergency funds.

News of the day

Car loans: Just rates are not enough
Many smart buyers wait for the year-end to buy a car. Auto makers and dealers come up with the best discounts in the month of December to clear stocks. But if you are planning to buy a car any time soon, the current festive season could be an equally attractive opportunity, thanks to the availability of cheaper finance.
Public Relations

Satluj Jal Vidyut IPO likely in next fiscal: CMD

Public sector hydropower producer Satluj Jal Vidyut Nigam (SJVN) today said its proposed initial public offer is likely to come in the next fiscal and the company is in the process of appointing independent directors, a prerequisite for firms planning to hit the market. - Govt okays stake sale in power firms - Govt approves 10% divestment in SJVN - Govt mulls 10% stake sale in SJVN - Govt to divest 10% stake in Satluj Jal Vidyut Nigam - Nathpa hydro project targets 6,600 mn units - Govt mulls 10% stake sale in SJVN "First of all we will appoint independent directors and the process may spill over next fiscal," SJVN Chairman and Managing Director (CMD) H K Sharma told reporters here on the sidelines of a power function. According to Sebi norms, if a company has an executive chairman, it must have half the board as independent directors to be able to go for an IPO. SJVN is a joint venture between the Centre and the Himachal Pradesh government. The Centre holds 75 per cent stake in the JV, while the rest is owned by the state government. Last month, the government had approved sale of its 10 per cent stake in the state-run power generator.


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