Automobiles
Why are car makers hiking prices now?
THE passenger car market has been steadily heading south during the past few weeks. And yet, almost all the auto manufacturers seem to be confident about retaining their respective positions in the industry, if their proposed price increase is any indica tion.

Corporate
Alliance MF moots trading in fixed-income derivatives
ALLIANCE Capital Mutual Fund wants to begin trading in fixed-income derivatives ; a proposal that has formed the crux of a message from Mr. Nikhil Johri, new CEO, to the fund's investors.

Markets in fix over SEBI move -- Corporate benefits in `no-delivery' land
THE stock markets are at a loss over how to pass on corporate benefits, such as dividends, bonus and rights, to investors in a scenario when the no-delivery period will not be in vogue. The Securities and Exchange Board of India recently abolished the no -delivery period to stop unnecessary speculation during that time.

NRI investment cap raised in Padmini Tech
MUMBAI: NRIs and overseas corporate bodies can now purchase equities and convertible debentures of Padmini Technologies Ltd (Formerly Padmini Polymers Ltd) up to 24 per cent of its paid-up capital under the portfolio investment scheme as the company has passed a resolution to this effect, an RBI release said. -- Our Bureau

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