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Syndicate Bank raises MCLR rates by 5 bps

Press Trust of India  |  Mumbai 

today said it has increased its cost of funds based lending rate (MCLR) by five basis points across all tenors.

The one-year MCLR rate have been revised to 8.50 per cent, while the six month rate now stands at 8.30 per cent.

The new minimum lending rates is effective from May 10, the said in a release.

***************** Whistling Woods partners for VR lab *

Film-making institute today said it has partnered with to set up a development lab for virtual and augmented reality industry.

The lab will be set up at the Whistling Woods International campus in Filmcity,

"Reliance Jio, through its leadership in the digital and content ecosystem, will support VR content creation and distribution and make cutting-edge experience available for its customers," said.

***************** launches second tower at Malad project *

and Developers today said it has launched the second tower in its premium project named 'Alta Monte' in Malad,

The project comprising four 49-storey towers offers two and three BHK units, in the price range of around Rs 2 crore and Rs 3 crore, respectively.

***************** 'India's LED sector may hit Rs 2.7 lakh crore by 2022' *

The country's LED industry is likely to grow at a CAGR of 24.6 per cent between 2017 and 2022 to Rs 2.7 lakh crore, according to Messe Frankfurt Trade Fairs

"This industry is expected to reach a value of nearly Rs 2,700 billion (Rs 2,70,000 crore) by 2022, which is 77 per cent of the total turnover," its Rasheed Anwar said at the LED Expo 2018 here.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 11 2018. 20:50 IST