Corporates mull hike in prices

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from the spiralling input cost pressures caused by rising commodity prices,” he says. He further adds that industries like auto components, capital goods and electrical segments have been struggling to pass on the cost increases to their clients.

Apart from increase in the cost of raw materials, the wage costs of many companies are rising, putting additional pressure on their margins. The wage costs of many IT companies have gone up in the past year. Rising wage costs coupled with the US recession and global slowdown, have had a significant impact on the profit margins of most IT companies as they could only register 7-10% growth in the quarter ending March 31....