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GE Money raises its interest rates on mortgages

New Delhi, Feb 26 (UNI) GE Money, the consumer finance unit of the General Electric Company (GE), today announced an increase in its reference rate by 0.75 per cent from March 1.

This increase in the floating reference rate is on account of changed financial market parameters with respect to borrowing costs, it said.

GE Money is one of the leading providers of financial services to consumers and retailers in India, offering a range of innovative financial products to suit its customer's needs.

It has a retail distribution network in over 5,500 outlets across 70 locations and has a wide range of products including car, two-wheeler finance, consumer durable finance, personal loans and loan against property and home loan.

UNI

Satra properties to set up 5 star hotel at Rs 175cr

New Delhi, Feb 26 (UNI) Satra Properties India Ltd today said it will set up a five star hotel at an investment of Rs 175 crore. To be spread over an area of 1,75,000 square feet, the project, 'Satra Palace' is expected to be completed in three to four years time. However, the details on location of the hotel were not divulged by the company. The company also said it has finalised a deal for acquisition of 94 cents of land.....

Wanted "bureau puller" arrested

Chennai, Mar 16 (UNI) The City police arrested a wanted criminal, involved in several thefts and evading arrest for the last seven years at suburban Madipakkam last night, officials today said. City Police Commissioner Letika Saran told mediapersons that a special team, formed to nab the culprit, spotted him at Madipakkam, However, on seeing the police party, he started running but the police chased and arrested him. Mrs Saran said the arrested, identified as 30-year-old Nagamani, hailed from Gingee in Villupuram.....

Experts call for satellite-based aircraft navigational systems

New Delhi, Feb 26 (UNI) Aviation experts today called for adopting new concepts that are emerging for seamless navigation of growing air traffic and air space management systems. Former civil aviation secretary K Roy Paul said the global positioning system-aided Geo-Augmented Navigation (GAGAN) project being developed is a significant contribution in communication, navigation and surveillance (CNS) systems. India has sufficient strength in the area of software development. ''This strength and domain knowledge in air navigation services available with the Airports Authority.....
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