Natural gas prices to be cut by 9% from April 1

New Delhi
In the first ever reduction in domestic natural gas prices, the rates will be slashed by 9% to $4.56 per unit from April 1 to reflect the softening in international prices, benefiting users in the power and fertiliser sectors. PTI

New Delhi
Honda to invest Rs965 cr to hike car, 2-wheeler output
Honda’s cars and two-wheeler subsidiaries in India will invest Rs 965 crore to increase their  output by 2016. Honda Cars will invest Rs 380 crore in its second plant at Tapukara in Rajasthan, while Honda Motorcycle & Scooter India will invest Rs 585 crore to hike production. PTI

Chandigarh
Somany elected chairman of CII-Northern Region
Shreekant Somany, CMD, Somany Ceramics Ltd, has been elected chairman of CII- Northern Region for 2015-16 and Rumjhum Chatterjee deputy chairperson. Chatterjee is group managing director, Feedback Infra Pvt Ltd. TNS

Chandigarh
Axis Bank offers ‘Power Salute’ a/c to Army men
Axis Bank has tied up with the Indian Army to offer a pan India salary account ‘Power Salute’ to all defence personnel. It offers retail banking products and services, exclusively tailor-made for both serving and retired defence personnel. TNS

Chandigarh
Stylam Industries launches new products
Stylam Industries on Friday launched new products, including paint binder, paper sizing chemicals, carpet binder and textiles finishing agent besides new range of laminates. Vijay Bhatia, DGM, Stylam Industries, said besides domestic presence, the company was focusing on exports. TNS