State incentives have boosted car sales, and the government has reiterated its plans to continue economic stimulus measures next year.

Despite the downturn and falling sales at most global carmakers, demand for cars in China is booming.
In November alone, sales reached 1.35 million units, according to the preliminary figures.

The country’s largest carmaker, Shanghai Automotive Industry, sold 2.44 million cars in the year to the end of November, a rise of more than 50% compared with the same period a year earlier, Xinhua said.

State incentives, such as tax cuts on small cars, have boosted sales in China.

Like many other governments around the world, China has also introduced subsidies to trade in older vehicles. Previously, only the US and Japan had produced 10 million cars in a single year.

Domestic Chinese car sales overtook those in the US for the first time in December of last year

He said that the extent of the rate cut is being calibrated and would be announced soon. Earlier this month, ICICI had reduced home loan rates for new customers by up to 1.5 percentage point. Currently the Prime Lending Rate of the bank stands at 17.25 per cent.

SBI, the largest bank, has cut its prime lending rate by 75 basis points to 12.25 per cent with effect from January 1.Along with this, HDFC has also cut its prime lending rate by 50 basis points. Earlier in the day, Punjab National Bank and Bank of Baroda, leading public sector lenders said they would reduce their prime lending rates by 50 and 75 basis points respectively, with effect from January 1.

Gulf Oil Corporation Ltd has announced that pursuant to the order made by the High Court of Judicature of Andhra Pradesh at Hyderabad, a meeting of the Equity Shareholders & Unsecured Creditors of the Company will be held on January 12, 2009, for the purpose of considering, and if thought fit, approving with or without modification(s), the arrangement embodied in the Scheme of Arrangement between the “Gulf Oil Corporation Ltd” (the “Applicant Company”) and “IDL Speciality Chemicals Ltd”, formerly known as “IDL Agro Chemicals Ltd”.

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Bsnl just launched new low cost dataone broadband plan Rs125/month
where you get 150MB of download/upload per month and additional cost of Rs0.90/1 MB for extra usage.

Other Bsnl dataone Broadband plan list
Rs 125 – 150MB download
Rs 250 – 1GB (1024 MB)
Rs 500 – 2.5 Gb
Rs 1000 – 5 Gb
Rs 1800 – 10 Gb
Rs3300 – 20 Gb
Modem cost: Rs1200

Generally one hour of internet browsing internet consumes 7-8 Mb, so just start with appropriate bsnl dataone broadband plan and upgrade as you need.

The multiplex will be open to the audiences with screening of block buster movie ‘Sarkar Raj’ and the eagerly awaited mega comedy movie ‘Mere Baap Pehle Aap’.

This Multiplex is having capacity of 1007 seats including 35 recliner seats. The multiplex is entitled to Entertainment Tax Exemption subject to necessary approvals. The Three screens multiplex will offer patrons out of the world experience – ‘Cinemaxperience’.

With this addition, the Company will have total 20 theatre properties, 59 screens and 16048 seats.