Due to rising input costs, Logistics firm Gati Ltd announced that it will raise the rates of its services by up to 10 percent by January 2009.

Fearing the slowdown in the market, the company has also decided to go slow on its expansion plans of Rs 1.5 billion in the year.

While speaking on the sidelines of India Economic Summit, Gati Ltd Managing Director and CEO Mahendra Agarwal said, “There has been a constant increase of rentals, fuel prices and operating costs. We may not immediately raise, but there is a need for prices to go up.”

HTC Corp, a worldwide leader in mobile phone innovation and design, and IDEA Cellular, a top telecom service provider in India, have made announcement about the availability of the HTC Touch Pro (T7276) and the HTC Touch Viva (T2223) in the India market.  

With cutting-edge innovation, design and entertainment capabilities, the HTC Touch Pro and Touch Viva offer users with two strong choices, which can fulfill their different requirements.

Rate rallies off technical support on G-20 news; potential short-squeeze with more likely coming. Cross spreaders continue to hold interest near-term; profit-taking likely to result in a squeeze on the further strength. Rate rejecting trade inside previous wick is a sign of bid pressure taking the lows; likely some spillover from EURO.

Thin conditions continue to exacerbate moves. Some stops noted on the break back over the 1.4850 area and the rate continues two-way on the move. Technical trade overnight as traders decide near-term action with little to go on but the charts. Resistance now at the 1.5000 area likely to cap near-term. BOE rate cut next month increasingly likely but that is likely completely factored in at this point.

Kobian, one of the well-known vendors in the IT hardware sector, announced that it has been awarded ‘Best PC Casing (Cabinet)’ and ‘Best Speaker for its Mercury iXA range of Speakers’  by VARIndia at its Annual Star Nite Awards, held in the Hotel Eros InterContinental on Nov 14, 2008.
 
IXA speaker range is the fresh range rolled out by the company. The lifestyle product range from Mercury has been branded as iXA with Sub Woofers and Home Theatre systems being the first of the range announced in India.