South Korean automaker Hyundai has increased the prices of its popular hatchbacks Santro, i10 and sedan Accent across all variants by up to Rs 14,636 with immediate effect to offset rise in input cost.
A company official said, "The price hike is primarily due to rise in input cost. The price hike ranges from 1.2% to 3%." It may be noted that recently, Maruti Suzuki, Honda Siel, Toyota Kirloskar and Ford Motor India had also decided to raise prices due to similar reasons. After the latest revision, the company's flagship hatchback Santro will be costlier by Rs 3,601 to Rs 5,163 while, its premium compact car i10 will now be dearer by Rs 3,974 to Rs 7,637.
The ongoing world financial crisis impacted PC sales with leading computer manufacturers Intel and AMD estimated about 40 per cent decline in PC sales in the quarter ended December 31, 2008. 
There is some bad news for domestic air travelers. In a latest move major Airlines (Air India, Jet Airways and Kingfisher Airlines) including low-cost carriers have withdrawn all promotional fares and increased basic fares by around Rs 2,000 on several sectors from Tuesday.
Global slowdown, spreading fast in India, has adversely hit country's export sector in January with reported decline of 22% in merchandise exports. The data provided for January gives indication of grimmer situation ahead with a large number of job losses and stagnation in economy.
IT major Mastek Ltd has been forced to reduce its staff strength and employ other cost cutting measure to mitigate the impact of global slowdown. About 425 staff members of company, out of 4,243 employees, mostly trainees or junior employees, have been put on 'virtual bench' for the next 12 months, in a bid to control the worsening situation aroused due to low demand and recession all around the world.
The nation's largest car maker, Maruti Suzuki India Ltd recently announced that quarterly profit plunged by 54.3%, lagging forecasts in the midst of high raw material costs, lower volumes and adverse impact of currency changes.
