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Thursday, November 06, 2008
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NEW BUSINESS: Hyundai begins export of i20 to Europe
‘Launch of i20 in domestic market next year’. A shift in preference in favour of smaller cars in Europe has helped Hyundai Motor India Ltd bag orders for the supply of 30,000 units of its latest model, the i20 ...

NEW PROJECTS: Toyota Kirloskar investing Rs 1,553 cr in second plant
Total investment in second plant goes up to Rs 3,200 cr. Bangalore, Nov. 5 Toyota Kirloskar Motor Private Ltd (TKM) will invest an additional Rs 1,553 crore into its second plant which is being set up for building compact cars for the Indian ...

RESTRUCTURING: Keltron in recast mode, draws up growth plan
Immediate goal is to achieve Rs 200 cr turnover. Thiruvananthapuram, Nov. 5 The Kerala State Electronics Development Corporation (Keltron) which has seen its fortunes plunge after successfully pioneering the concept of a state-promoted ...

OUTLOOK: Trimex to begin ilmenite mining within 2 months
Hyderabad, Nov. 5 Trimex Industries on Tuesday announced it will commence ilmenite mining operations within two months at Srikurmam in Srikakulum district of ...

MERGERS & ACQUISITIONS: Great Offshore acquires two cos
Great Offshore informed Bombay Stock Exchange on Wednesday that it has acquired two Andhra Pradesh based companies KEI-RSOS Maritime Ltd (KEI) and Rajamahendri Shipping & Oilfield Services Ltd (RSOS) for Rs 160 crore. “The company ...

NEW PROJECTS: Ford’s expansion plans for India on track
‘Credit crunch has not affected our long-term plans’. New Delhi, Nov. 5 Despite the tightening credit situation in the automotive industry, Ford India said on Wednesday that its expansions plans, including the $500-million outlay for ...

OUTLOOK: Sula Vineyards scaling down harvest next year
Over capacity, steep duty hikes by States. Bangalore, Nov. 5 One of India’s largest wine makers, Sula Vineyards is set to scale down its harvest next year by as much as one-third as the wine industry reels under over capacity and steep ...

OUTLOOK: Tata Motors declares 3-day closure of Jamshedpur plant
To avoid inventory build-up. Mumbai, Nov. 5 Hit by a slowing demand, Tata Motors has decided to shut down its Jamshedpur plant for three days from ...

NEW PROJECTS: Ural mulls setting up car manufacturing unit in Bengal
Tie-up with China’s First Auto Work. Ural India Ltd, the Indo-Russian joint venture between the Kolkata-based Motijug Group, Uralaz of Russia and West Bengal Industrial Development Corporation (WBIDC), is keen on setting up a car ...

OUTLOOK: JCB India sees 10-15% dip in turnover
Kolkata, Nov 5 Earth moving equipment major JCB India expects 10-15 per cent drop in turnover in 2008. The Indian arm of $4- billion UK-based JCB group posted a turnover of Rs 3,000 crore in ...

ALLIANCES & JOINT VENTURES: Toshiba-JSW plant to go on stream in 6 months
Chennai, Nov. 5 The Toshiba-JSW combine (of OP Jindal group) joint venture to manufacture supercritical power boilers will commence civil works at Ennore near Chennai in the next six months, and will take another three years to ...






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Markets (Nov 05)
Nifty (at close)2976.75(-165.35)
US Dollar (Buy/Sell)46.97/98
Brent crude (a bbl) Rs3,187
Gold (a gram) Rs1,093
Silver (a kg) Rs16,855

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In Focus
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