New Delhi: It’s certainly not a good news for those who wanted to purchase Maruti this Diwali. India’s largest carmaker Maruti Suzuki has announced an increase in prices of its selected models by upto Rs 6,000 just ahead of Diwali. The price hike on select models would range between Rs 2,000 and Rs 6,000.

In a press release, the company said, “'The company has announced a marginal price hike of between 0.7 per cent to 1.1 per cent (between Rs 2000 to Rs 60000) in the ex-showroom prices of its cars.”

The price of the entry model ‘800cc’car have been hiked by Rs 2,000, while ‘Alto’ will cost Rs 2,500 more.

Negotiations for the potential sale or merger of Chrysler LLC withstanding, the automaker announced Friday that it will cut 25 percent of its white-collared work force – that is, 5,000 jobs - to deal with a continued downward spiral in US auto sales.

The announcement of the cut is a blow for Detroit, as it implies that Chrysler, which has about 18,500 white-collar workers, will remove about 5,000 salaried workers and employees who work for other companies under contract with the automaker.

Hurt by the recession fears, Parsvnath Developers, one of the leading real estate company has revealed that it would sack under-performing employees as part of its cost cutting measures that would begin in the next 15-20 days. 

The company however, did not specify the number of people who will be retrenched. The company currently employs 1,400 people and about 30,000 people are indirectly employed.

Keeping the festive season in mind, Dish TV, a unit of Essel group has finally launched a much awaited religious channel facility christened ‘Bhakti Active’ on its network. 

With the latest introduced service, subscribers would now be able to see live Gurbani from Bangla Sahib and Nanded Sahib, Aarti of Sai Baba from Shirdi, Ganesh Aarti from Siddhi Vinayak, Aarti from Tirupati Balaji, Live Ganga Aarti from Haridwar and Bhasm Aarti of Mahakaal from Ujjain. 

Kirloskar Brothers Ltd has informed that its joint venture christened SCL-INDU-KBL-WEG, has received a contract worth Rs 1446 crore from the Government of Andhra Pradesh Irrigation and CAD Dept. for Pranahitha - Chevella lift Irrigation Scheme-Link VII-Package No.22. 

The scope of work involves Investigation, Designs, Execution of Lift Irrigation Scheme for drawal / Lifting of 11.5 TMC of water in 120 days from foreshore of Kondam Cheruvu near Manchippa Village, Nizamabad (M), Nizamabad District by water conveyor system with all associated components.

Glenmark Pharmaceuticals has decided to quit clinical trails for its experimental Osteoarthritis molecule development. 

Further, its partner Eli Lilly has also suspended further clinical development for GRC 6211, used in Osteoarthritis pain. The Glenmark deal with Eli Lily on GRC6211 was potentially worth USD350 million.

Last October, Glenmark had agreed to sell the marketing rights for its experimental pain treatment molecule to Eli Lilly for an upfront fee of 45 million dollar.