Auto major Honda Siel Cars India (HSCI) on Friday said it has hiked the price of its sedans by up to Rs 12,801 owing to increasing input costs.

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The company said the price increase on its sedan models 'City' and 'Civic', to be effective from tomorrow, would be at a range of 1 to 1.2 per cent.

While the City variants would see an increase in price between Rs 5,241 and Rs 8,481, variants of the other model 'Civic' would be costlier by Rs 12,801, the company said in a statement.

After the price increase, luxury sedan 'Civic' will come at a range of Rs 10,88,000 to Rs 11,58,000 (ex-showroom Delhi), while Honda City would be available in a range of Rs 6,75,000 to Rs 7,98,000.

Courtesy : Express India

India's boom time seems set for a replay in 2007 driven by industrial and services sector expansion, though high inflation in 2006 raised doubts about overheating in the world's second fastest growing economy.With an average growth of 8 per cent in the preceding three financial years, the first quarter of calendar 2006 (Q4 of FY'06) ended with a GDP growth of 9.3 per cent, setting the stage for high growth trajectory for the current fiscal.

The first half of FY'07 closed with 9.1 per cent, the highest in any first six months of a financial year since the reforms began in 1991-92.

"This has never happened in the past," Prime Minister Manmohan Singh said in his address to the National Development Council meeting earlier this month.

Courtesy : Express India

Formally throwing its hat in the ring, Reliance Communications on Thursday said it was looking to acquire its rival Hutch-Essar and has received funding support for the proposed deal.RCom Chairman Anil Ambani said his company had received strong financial support from leading bankers all over the world.

"This I believe is a strong endorsement in our company and in India's telecom growth," he said.

He also added, "there is no certainty on the Hutch-Essar proposal on when and how it will be completed."

Courtesy : Express India