Country’s second largest car maker Hyundai Motor India Ltd (HMIL) today launched its premium hatchback car i20 priced between Rs 4.80 lakh and Rs 5.82 lakh.

Reports that the government is working on a second stimulus package to pump prime the economy lifted the market in early trade. But the market soon pared gains as some Asian stocks slipped into the red. The BSE 30-share Sensex was up 67.84 points, or 0.7%, shedding 30.52 points from the day’s high.

US President George W. Bush said on Monday an announcement on a auto industry rescue was not imminent, leaving the industry’s fate clouded in uncertainty for a little longer.

As major economies remain plagued with the worst financial crisis, global economic system slow down impacts have further unfolded, as the volume of trade shrank since 1982 for the first time.

Car market leader Maruti Suzuki India unveiled the much – waited, world strategic model, A-star. Powered by the new, state-of-art, light weight, 998cc K10B petrol engine, A-star is the best in class fuel-efficient car with a mileage of 19.59 kilometers per liter as tested by ARAI, Pune, country’s premier automotive research agency.

TCS And Wipro Technologies To Announce Q2 2009 Results On Oct 22,2008.

Real estate developer QVC Realty plans to raise Rs 600 crore in 2009 through a mix of equity and debt, primarily to buy large tracts of land in the south, especially closer to the new airports in Hyderabad and Bangalore.

GMAC Rescap announced already then the reduction of the volume of automobile credits granted in the United States. GMAC suffered from the loss of 1,86 billion dollar its ResCap subsidiary company, specialist in the mortgage…