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'Stimulus withdrawal will drive up car prices'
Leading car makers are considering to raise prices of their vehicles across the board, if the government withdraws the excise duty benefit in the coming Budget. The benefit was given as part of a stimulus package in December 2008, following the onset of the global economic meltdown.

On the margins of recovery
Corporate profit margins have recovered handsomely but are likely to come under pressure in the face of both higher salary as well as increased raw material costs.

News of the day

Spinning mills in Punjab to benefit from global recovery
The spinning mills of Punjab which were severely hit by the global financial meltdown are now gearing up to utilise higher capacities as the green shoots of recovery are visible in the international market.
Small Business

FIIs net sellers Rs 692cr in F&O on Tuesday

The Foreign Institutional Investors (FIIs) were net sellers of Rs 692.18 crore in futures and options segments on Tuesday. - Asian markets weak in morning trades - FIIs net sell Rs 363cr, DIIs net buy Rs 455cr - Sterlite Tech ends off day"s high - Exide pares gain; ends flat - Markets slip into the red - Markets spurt on strong IIP numbers According to the data released by the NSE, FIIs were sellers of index futures to the tune of Rs 504.56 crore while bought index options worth Rs 394.97 crore. They were net sellers of stock futures to the tune of Rs 564.69 crore and sold stock options worth Rs 17.9 crore.


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