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JC Flower, the US – based financial investment firm also entered the list of bidder for the 318 branches of RBS put on sell. The other firms in the league are Virgin Money, Spanish Groups Santander and BBVA and National Australia Bank.

As per few analysts tracking the deal, Santander is the most favorite among all the bidders.

However, Virgin money, which had earlier sold 21 per cent stake to Wilbur Ross, the US billionaire and turnaround expert, might just give Santander a run for its money, analysts expected.

Another brand new Tata Nano caught fire in less than a month’s time. Nano was to be delivered in Vadodara when it burnt into flames.

Last month, a similar incident took place in Mumbai when the owner of the car was riding brand new Tata Nano from showroom to his home; his dream caught fire on his way to home.

In this case, 8 Nano’s were being driven to company’s dealer in Ahmadabad to be transported in Vadodara. Driver managed to escape safely.

Dublin-based Ryanair raised its checked baggage charges to £20 for each leg from prevailing rate of £15. The move intends to fetch nearly £20 million keeping in the mind the busiest summer months of July and August.

The biggest rival of the airline, EasyJet currently charges £18 for baggage weighing up to 20 kg for each leg.

While the airline argued that this would encourage passengers to carry fewer luggages, travel experts feel that families would be the major sufferers of this decision.

The British chamber of commerce warned today that though the economy has escaped a double dip recession, a credible plan has to be drafted to continue the recovery and put Britain’s public finance back in order.  

The survey conducted by BCC said that the sales in the manufacturing sector had grown to worse and so were the number of employees in the payroll. But, it further added that the service sector was engaged in doing the rescue job by mopping up higher revenue both, in domestic as well as the overseas market.

In current fiscal year, National Hydro Power Corporation (NHPC) will assign 700MW project and has already reserved Rs 4600 crore as capital expenditure related to this project.

Discussing the efforts of NHPC, NHPC Chairman and Managing Director S. K. Garg told reporters that the power major will add 700MW in the current fiscal year in excess of this month’s target
of 120 MW project for Jammu and Kashmir. Current fiscal year runs on company’s XI plan, which has set a target of adding 5322MW by the end of XI plan, and presently it has already added
1030MW.