Employees pack auto components at the factory of the Samvardhana Motherson Group, an auto parts making company, in NoidaIndian auto parts maker Motherson Sumi Systems said on Wednesday it would buy a majority stake in German Peguform Group, but the euphoria gave way to worries about margins that dragged its shares down after the initial rise.Auto ancillary firms in India typically look outside their home turf for buying opportunities as high expectations from founders of smaller Indian companies have thwarted many potential deals.Motherson would buy the debt-free Peguform whose revenue is expected to rise about 17% to 1.6 billion euros in calendar 2011, Vivek Chaand Sehgal, vice chairman of the Indian firm said. The company did not disclose the deal value.(Pictures by Reuters)

July 13: The lensman`s view

A worker holds a fuel nozzle at a petrol pump in HyderabadIndia&#39;s fuel demand may rise 3.8% in 2012 led by diesel and gasoline, the International Energy Agency said on Wednesday, adding a recent retail price hike by Asia&#39;s third largest oil consumer will not dent demand growth in the short term.IEA, an adviser to 28 industrialised countries, in its July report, forecasts India&#39;s fuel demand to rise 132,000 barrels per day (bpd) to 3.6 million bpd in 2012 despite a likely slowdown in economic growth to 7.8% in that fiscal.It said India&#39;s fuel demand may rise 3.7% or 124,000 bpd in 2011 to 3.46 million bpd, unchanged from its June estimates, on expectations of strong economic growth of 8.2%.

A worker holds a fuel nozzle at a petrol pump in HyderabadIndia&#39;s fuel demand may rise 3.8% in 2012 led by diesel and gasoline, the International Energy Agency said on Wednesday, adding a recent retail price hike by Asia&#39;s third

A salesman displays a gold necklace at a jewellery shop in Agartala, TripuraIndia gold futures rose on Wednesday afternoon, extending gains for a fifth session in a row, nearing its all-time high, as fears of euro zone debt crisis spurred safe-haven buying in the yellow metal, pushing traders to the sidelines, dealers said.* The most-traded gold for August delivery on the Multi Commodity Exchange (MCX) was trading 0.42% higher at 22,797 rupees per 10 grams, after gaining 2.4% in the previous four sessions.* The contract had struck a high of Rs 22,809, just 1% lower than the record high of Rs 23,148 hit on April 30.* "Demand is poor as prices have reached all-time high," said Mayank Khemka, managing director, of gold wholesaler Khemka Group, adding that buyers stayed away despite a discount of $3-$4 on London prices.

A salesman displays a gold necklace at a jewellery shop in Agartala, TripuraIndia gold futures rose on Wednesday afternoon, extending gains for a fifth session in a row, nearing its all-time high, as fears of euro zone debt crisis spurre

A customer uses his card to withdraw money from an ATM in JammuIndia banks are pushing plastic again, hoping that credit card sales will lift profits in a market where the competition is tough, the opportunity large, and the risks high.Fewer than 18 million of India&#39;s 1.2 billion people use credit cards. In China, a country with a slightly higher population, more than 200 million credit cards were in use as of a year ago.Lenders in India say a focus on higher end customers will be key to the success of a second credit card push, but if history is a guide, it still faces high hurdles.India&#39;s banks cancelled millions of cards when a wave of customer defaults followed aggressive growth pre-financial crisis. Banks vow to be more selective this time as they tap rising spending power and the high interest rates and fees they can charge on cards.

A customer uses his card to withdraw money from an ATM in JammuIndia banks are pushing plastic again, hoping that credit card sales will lift profits in a market where the competition is tough, the opportunity large, and the risks high.<

A worker installs window frames at an unfinished building in Nanjing, Jiangsu provinceChina&#39;s economy grew faster than expected in the second quarter, easing fears of a hard landing and strengthening Beijing&#39;s resolve to fight persistently high inflation.China&#39;s statistics office said on Wednesday that stabilising prices remained the top priority, even though a "complex and volatile" global economy posed a threat to growth, complicating the policy choices.Second-quarter gross domestic product rose 9.5% from a year earlier, exceeding economists&#39; forecasts for 9.4% growth, helped by solid domestic consumption and investment.But that was still the slowest pace since the third quarter of 2009, when the world economy was pulling out of its worst recession in 80 years.

A worker installs window frames at an unfinished building in Nanjing, Jiangsu provinceChina&#39;s economy grew faster than expected in the second quarter, easing fears of a hard landing and strengthening Beijing&#39;s resolve to fight pe