SBT Extends Bank-to-bank RTGS To Customers

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: State Bank of Travancore (SBT) has extended its real time gross settlement (RTGS) remittance facility to customers from this week. The bank had gone live on RTGS with bank-to-bank remittances as early as July 16.

The Thiruvananthapuram Main, Poojappura, Kesavadasapuram and SSI Thiruvananthapuram branches in Thiruvananthapuram City and all the SBT branches in Mumbai have commenced handling RTGS remittance transactions for customers, according to a bank release. This will facilitate transfer of funds by a customer to any RTGS enabled branch of any bank in the country and the funds will be credited within a maximum period of two hours.

Nissan Launches X-Trail
Japanese car maker Nissan marked its entry into the Indian automobile industry with the launch of its sports utility vehicle (SUV), X-Trail, in Chennai, on Monday. Speaking at the sidelines of the unveiling ceremony, Mr Yasuaki Hashimoto, vice president, marketing and sales (Asia Oceania) said that Nissan's focus at present is to establish its brand image in the country. Since it is mandatory for cars sold in India to conform to the Euro norms, Nissan imports X-Trail from Japan, though it has facilities in countries closer to India, like Indonesia, Phillipines and Malaysia. The `Comfort' variant of X-Trail is priced at Rs 21.08 lakh, while the `Elegance' would cost Rs 24.14 lakh (both ex-showroom, Chennai).

`Food-for-work' Rice Seized In Tuticorin
An attempt to smuggle about 2,400 tonnes of rice, meant for "food-for-work" scheme, through Tuticorin of Tamil Nadu to Naya Azadpur near Delhi has been foiled by revenue officials. Acting on a tip-off, a team of officials on Monday seized the Rs 3 crore worth rice, hours before it was to be smuggled in railway wagons, following a raid on a godown, officials said.