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Sat, 05 Jul 2008 11:08 am PDT
 

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 Rediff - Business 
Sat, 05 Jul 2008 17:05:59 GMT
•  Govt defers decision on EPF rate 
The government has deferred the decision on fixing the Employees' Provident Fund (EPF) rate of interest for the current fiscal till the next meeting of the Employees' Provident Fund Organisation.
 
•  Check out Volkswagen's smart Jetta 
And that's where the Jetta's strength lies – its ability to push Volkswagen into more hands and make them part of the quality experience.
 
•  Indian's work of art sold for Rs 16.75 cr! 
However, at the same auction, where a small sculpture was bagged for Rs 4.15 crore (Rs 41.5 million), he also received his highest price ever for an Untitled work in alabaster with a double concave (playing once again on the form of duality that he constantly explores) for a record Rs 16.75 crore (Rs 167.5 million).
 
•  Britain, a hotspot for Indian tourists 
Indian visitor numbers rose from 205,000 to 367,000 in 2006 and are expected to increase at a greater rate. The average spend by an Indian tourist is 793 pounds, compared with 710 pounds by an American tourist.
 
•  Why DLF has opted for a buyback 
In both good and bad times, we will do things that are good for the company and its shareholders. We are not a company that decides strategy on the basis of newspaper articles or analyst comments.
 
•  General Motors to invest Rs 1,200 cr in Pune unit 
Automobile giant General Motors will invest Rs 1,000 to Rs 1,200 crore (Rs 10-12 billion) to set up a power train (engine and gear box) manufacturing facility at its Talegaon Plant near Pune.
 
•  Beat the fuel hike, buy an electric car! 
The initial purchase cost for an electric car may be high, but savings on fuel will help it pay back for itself in just a couple of years, if not faster.
 
•  Meet the man behind Reva's success 
The money and Maini soon found themselves, in the early '90s, in the midst of California's start-up boom.
 
•  No escape from high inflation: Reddy 
The Reserve Bank of India Governor Y V Reddy has said the higher level of headline inflation may be difficult to avoid in the short term though central banks across the globe are according a top priority to "calm the nerves".
 
•  How poor are we? A reality check 
It is of course true that a lot of low-income people can indeed afford mobile phones today, as handsets cost no more than Rs 700.
 




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