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Business Briefs 25-09-2012

Car prices ONGC bid Infy results

The Telegraph Online Published 25.09.12, 12:00 AM

Car prices

New Delhi, Sept. 24: Honda Cars India today announced plans to hike vehicle prices, a step which Maruti Suzuki will follow suit within a week. The companies cited rising input costs and impact of adverse currency movements as the reasons for the price hike. Honda will raise the prices of its three models — Brio, Jazz and City — by up to 2.6 per cent with effect from October 1.

ONGC bid

New Delhi, Sept. 24: ONGC along with two other state-owned firms — Oil India and Indian Oil Corporation — have jointly placed a bid of about $5 billion to buy stakes in six Canadian oil sands assets of US energy major ConocoPhillips.

Infy results

New Delhi, Sept. 24: The board of directors of IT major Infosys will meet on October 12 to announce the company’s second quarter results.


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