"We will introduce a new iTerm policy and that is expected in the next 10 days with reduced premium:” Aegon Religare
Indiabulls Securities and Yes Bank entered into a mutually beneficial cross-selling alliance to offer premium security and capital market services to the customers of Yes Bank and complete banking services to the customers of Indiabulls Securities.
Leading securities broking firm Indiabulls Securities and mid-sized private lender Yes Bank entered into a mutually beneficial cross-selling alliance to offer premium security and capital market services to the customers of Yes Bank and complete banking services to the customers of Indiabulls Securities. This two-way referral arrangement will benefit customers through its superior services and will have multiple options for trading in equity shares, online or off-line, an IndiaBulls statement said.
Tata Motors and its authorised dealer, following directions from the state consumer commission, had to pay the compensation to an aggrieved customer from Ahmedabad for a faulty Indigo car
Tata Motors, the country's largest vehicle maker and its authorised dealer Cargo Motors Pvt Ltd have paid Rs6.45 lakh, including interest to Ahmedabad-based Ashit Shah as full refund for a faulty Indigo car.
Mr Shah bought a Tata Indigo car for Rs4.59 lakh on 14 May 2004. However, on the very first drive after the purchase, the car broke down midway and Mr Shah had to take it to a nearby garage, which incidentally was authorised service centre of Tata Motors.
According to Mr Shah, the car showed defects right from the day of purchase and had to be garaged for repairs twenty times within seven months. “Within the first three months, they changed many important parts of the car, including the fuel pumps, AC fittings, coils and power steering provided by the original equipment manufacturers (OEM) such as Lucas TVS, Rane and others. But the manufacturing defects remained undetected,” he said in a release.
In 2005, Mr Shah and Consumer Education and Research Society (CERS) filed a complaint to the Ahmedabad District Consumer Disputes Redressal Forum stating that soon after the purchase, the car had revealed manufacturing defects. They had claimed either replacement of the car or a full refund.
The forum gave its verdict in July 2006 in favour of Mr Shah and CERS. However, both Tata Motors and Cargo Motors appealed to the State Consumer Disputes Redressal Commission against the forum’s judgment. However, the state commission dismissed the appeal and upheld the forum’s judgment on 18 April 2011.
The commission directed both the companies to replace Mr Shah’s old Tata Indigo car with a new one of the same make and model in a month, failing to which the companies should pay original cost with 9% interest from the date of filing of the complaint, Rs5,000 for Mr Shah's mental agony and Rs2,000 towards cost.