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Kolkata, April 1 : The Shah Rukh Khan owned Red Chillies Entertainment (RCE) which broke even last year is hoping for a 25 percent growth year on year, a top company official said here Monday.

"We have achieved break even in March last year and as a company we are hoping to grow by 25 percent year on year," company chief executive officer Venky Mysore told media persons on the sidelines of an event here.

Mysore, however, refused to comment about the revenue of the company.

The Japanese Bankers Association, a leading bank lobby, has said that the policies of Prime Minister Shinzo Abe are most likely to boost business confidence and encourage capital spending in the country.

Takeshi Kunibe, the new head of the Japanese Bankers Association urged the government to begin deregulation in order to boost demand for loans in the Japanese economy. He replaced Yasuhiro Sato today as chairman of the Japanese Bankers Association. He said that the recovery of the Japanese economy will depend upon structural and regulatory reforms.

The UK Government has announced that it will offer tax incentives for firms involved in extraction of shale gas as part of the Budget 2013.

The incentives for `fracking' by the UK government have raised some concerns as many believe that the process has a huge impact on the environment. Even as neighbouring Ireland is still awaiting reports to determine if it will back the process, the UK government has announced a promotion strategy for extraction of shale gas and has said that Shale gas is a part of the country's energy strategy.

Property developer Sean Dunne has filed for bankruptcy in the US and there are indications that he might be let off from paying back to his lenders in just months.

Mr Dunne filed for bankruptcy claiming that he is being forced to go in for bankruptcy by the financial institutions, who are claiming their dues from the developer. He raised debt worth hundreds of millions of dollars for making property investments. Some believe that he might be let off from paying back his debt in just months.

A new ad by Ford India Private Limited, which is a wholly owned subsidiary of American car maker Ford Motor Company, has received angry responses from many in India.

The ad has received criticism from automobile industry players and press media alike for being offensive and distasteful after it appeared on the internet. The new ad reportedly displays scantily clad women in embarrassing situations including bound, gagged and stuffed in the luggage compartment of the company's Ford Figo compact hatch.

The Indian unit of Japanese Two-wheeler maker, India Yamaha Motor (IYM) reported an increase of 20.50 per cent in total sales during the month of March.

The company said that its sales increased 20.50 per cent to 50,473 units during the month compared to the same month of the previous year. It said in a statement that it had sold a total of 41,886 units in March of 2012. The statement also said that its domestic sales increased 20 per cent to 35,782 units compared to 29,819 units recorded in the same month of the previous year.