SBI to offer 11% to local partner in life insurance venture
The State Bank of India (SBI) has also decided to rope in a domestic partner for its proposed foray into life insurance venture by giving it a 11% stake while the foreign insurance major will hold 26%.

Air India seals $100m FCNR deal with BoI, Bank of Baroda
Air India's efforts to raise money for its working-capital requirement has finally come through with the airline clinching a deal with Bank of India (BoI) and Bank of Baroda (BoB) for a $100-million FCNR (foreign currency non-resident Indian) loan.

Maruti Udyog to roll out new-look Zen by August-end
In another bid to stave off competition from Santro, Matiz and Indica, Maruti Udyog Ltd (MUL) is all set to roll out a new look version of its popular Zen as also a multi-point fuel injection (MPFI) version of the car by August-end.

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