Tech growth fears

Bangalore, June 9: The growth of the IT and the BPO industry is expected to take a hit by 3-4 per cent in the current fiscal owing to the slowdown in the US economy, weak US dollar and the spurt in crude oil prices, National Association of Software and Services Companies (Nasscom) president Som Mittal said. today. “It is hard to make a forecast but the growth is expected to be 3-4 cent less than last year, when it grew by 29 per cent,” Mittal said.

Hyundai car

New Delhi, June 9: Hyundai Motor India has introduced the CNG variant of its mid-size sedan Accent, which will be costlier by Rs 56,500 than the existing version which is priced at Rs 4.99 lakh (ex-showroom).

RBI move

Mumbai, June 9: Banks today got three more months for complying with the Reserve Bank of India’s (RBI) direction of treating advances given to equity-oriented mutual funds as capital market exposure.

e-ticket

New Delhi, June 9: The shift from carbonised air-tickets to e-tickets has enabled the Indian air carriers to save Rs 15 crore within a week, providing them a way to cut costs after the rise in aviation turbine fuel prices.

Reliance MF

e 9: Reliance Mutual Fund has increased its stake in Piramal Group’s research and development arm, Piramal Life Sciences, to over 5 per cent.