Increase in import duty makes gold, silver costlier

Prices of gold and silver will rise further because government announced a change in the import duties. Duties on both metals would almost be doubled. Import duty on gold has been changed from flat Rs. 300 per 10 grams to 2 percent of the value of the import. The import duty on silver has been [...]

AMCs should launch pension products

Market regulator Securities and Exchange Board of India (SEBI) said that the asset management companies or mutual fund houses should launch pension products, so that retirement money can be brought into the capital market. Sebi Chairman U K Singh was noting that retirement and pension money is not coming in the market. He wondered why [...]

Nano is being upgraded but Sale is down

When Tata Nano was launched it was believed that it will be the best car for the crowded streets of India’s major cities. Nano’s base price Rs.1 lakh was being considered to be affordable for its middle class families. But the fact is something else, people are not interested in buying it as it was [...]

Oil companies will cut gasoline prices by 3.2

Recently petrol prices were hiked and everyone criticized the government. But now Indian state oil companies will cut gasoline prices by 3.2 percent. Now a litre of petrol in Delhi will cost Rs.66.42 rupees because latest cut in a litre petrol is 2.22 rupees. India’s biggest fuel retailer, Indian Oil Corp has confirmed that it [...]

Hyundai’s new car Eon launched

Hyundai has come in the market with their new small car Eon. Hyundai Eon was launched on Thursday. So far Maruti Suzuki is known as a top seller for his small car Alto and now Eon will be seen as its rival. Maruti is already facing problem due to long strike in one of his [...]

Food inflation jumped to 9.13%, FM Pranab concerned

Earlier food inflation was 8.84 per cent but jumped up to 9.13 per cent for the week ended Sept 17. Mainly cost of potatoes, pulses and poultry etc. have increased. Finance minister Pranab Mukherjee is concerned about rise in food inflation he termed it as an area of “grave concern”. “(Food inflation)… is perilously close [...]

Fiat India to set up its own showrooms in 20 cities

So far Fiat and Tata car used to sell their cars under the same roof. But Fiat India announced on Tuesday that they will no longer sell their cars under the same roof as joint venture partner Tata Motors. Now Fiat has planned to set up its own showrooms in around 20 cities of India [...]

Maruti launched new Swift at Rs. 4.22 lakh

Maruti Suzuki has come back in the market with their new version of the Swift. Pricing the base petrol version of upgraded Swift is higher by Rs.13,000 and diesel version is higher by Rs. 18,000 from the existing Swift models. Interior and exterior of the new Swift has been upgraded. Its petrol engine has been [...]

Maruti to cut exports of diesel engines to Hungary for concentrating in India

Maruti Suzuki India is planning to launch the new version of its premium hatchback Swift so that it can hit back at his competitors. Maruti Suzuki India said today that they will cut diesel engine exports to Hungary so that they can focus on the Indian market. Due to the arrivals of new cars like [...]

Images of Mercedes-Benz B-Class Interior Released

Audi A3 sedan for India is confirmed by Audi yesterday. Now we can expect other brands to follow suit. Mercedes-Benz which is currently developing the next generation of A-Class and B-Class hatchbacks may now bring both of that in India. If one wishes to take a look at the new cars of Mercedes, for them [...]

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