Fitch downgrades PNB; affirms ratings of 9 other banks

New Delhi

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Ratings agency Fitch has downgraded viability rating of PNB by a notch while affirming ratings on nine other banks, including SBI and ICICI Bank. Besides, the agency has cut its India real GDP growth forecasts to 7.8% for FY16 from 8% and to 8.1% for FY17 from 8.3%. PTI

New Delhi

Total telephone user base rises to 100.69 crore

The total telephone subscriber base in the country rose marginally to reach 100.69 crore at the end of June, sectoral regulator TRAI said on Tuesday. The subscriber base stood at 100.20 crore at the end of May, TRAI said. TNS

Chandigarh

Max Life launches ‘Max Life Platinum Wealth Plan’

Max Life Insurance has launched ‘Max Life Platinum Wealth Plan’ — a product offering to niche segment of High Net worth Individuals. It has been designed to provide superior customer returns by keeping charges low while providing enhanced flexibility and features for customer to choose from. TNS

New Delhi

Renault launches limited edition Duster at Rs 9.99 lakh

Renault on Tuesday launched a limited edition of its SUV Duster. The limited edition, Duster Explore, will be available in two variants —one priced at Rs 9.99 lakh and the other at Rs 11.10 lakh (ex-showroom Delhi). PTI