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Commission expenses of life insurers up 5.64%
Spurred by growth in the number of policies renewed, commission expenses of the life insurance industry grew by 5.64 per cent in 2008-09 to Rs 15,533 crore as against Rs 14,704 crore in the corresponding period last year.

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SC notice to Trai, RCom, Tata Tele, Vodafone others
The Supreme Court has issued notice to 11 parties, including Trai, Reliance Communications, Tata Teleservices, Vodafone Essar, on a petition by state-run BSNL challenging removal of Access Deficit Charge (ADC), a levy paid by private telecom operators for funding the PSU"s operations in rural and remote areas.

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Universal Cables & IFGL Q2 results
Universal Cables Limited, belonging to the M P Birla group, has clocked in a net profit of Rs 6.95 crore for the quarter ended September 30, from a net loss of Rs 1.37 crores in the corresponding quarter of the previous year. Net sales were at Rs 130.11 crore against Rs 157.96 crore in the previous corresponding quarter. D R Bansal, chief executive officer, attributed this performance to the initiative of putting up a vertical continuous vulcanization line for the manufacture of XLPE cables up to 400 kV in technical collaboration with Furukawa Electric Co Ltd, Japan.
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Skoda Auto sales up 183% in November

Car maker Skoda Auto India today reported a 183 per cent jump in its total sales at 1,425 units during November this year as against 504 units in the same month last year. - GM India sales up 65% in November - Hyundai to invest Rs 800 cr on small car for India - Steel Strips Wheels bags order from Renault - Ford launches special edition of Fiesta - Audi sales jump 8% in October - GM scraps Opel sale; to embark on European biz restructuring "The launch of the all-new Skoda Superb and the new Laura in the Indian markets have been the main drivers behind SkodaAuto India"s record increase in sales. The all-new Superb, in particular, continues to outperform expectations," Skoda Auto India Board Member (Sales and Marketing) Thomas Kuehl said. "We are considering a price hike between Rs 10,000 and Rs 20,000 on all cars in the coming month. This rise is being considered due to various inflationary pressures and increase in raw material costs," Kuehl said. Skoda India is a subsidiary of Skoda Auto (Volkswagen Group), a leading car manufacturer in Europe. The company has a network of 62 dealerships across the country and has sold over 79,440 units since November 2001.


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