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Saturday, February 14, 2009
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OUTLOOK: Ashok Leyland sees signs of recovery, but pares investments
Chennai, Feb. 13 Commercial vehicles manufacturer Ashok Leyland believes that the worst is behind for the commercial vehicles industry but has pared investments and cut costs to tackle the slowdown in ...

FINANCIAL PERFORMANCE: Forex speculation drives corporate losses
Apart from the poor operating results of manufacturing companies in Q3 of 2008-9, there was a nasty surprise. Practically all, be they giants or SMEs, have incurred large foreign exchange ...

BUYBACK: Reliance Infra unveils another buy-back plan
Targets Rs 700-cr worth stocks at Rs 700/share. Mumbai, Feb. 13 Reliance Infrastructure on Friday announced a share buy-back plan, just a week after it completed the first ...

OUTLOOK: Renault will stick to Chennai plan
We will be back on our feet soon: Bilaine. Mumbai, Feb. 13 French carmaker Renault is categorical that it will not pull out of India despite the slowdown that has derailed its ...

RESEARCH & DEVELOPMENT: Searchlight on research
Research is looked upon with awe by everyone. The pharmaceutical and the biotechnology industries, more than others, have realised that their future lies in indefatigable research. Researchers are a doughty lot and soldier on ...

COURTS/LEGAL ISSUES: Contract to Maytas Infra stayed
A Division Bench of the Andhra Pradesh High Court on Friday stayed all proceedings in award of a Rs 120-crore road project in Kadapa district to Maytas Infra Ltd, by the State Government. The sarpanch based in Kadapa, Mr ...

ANNOUNCEMENTS: Hyundai increases prices 1-3%
Hyundai Motor India Ltd on Friday announced a price hike in the range of 1-3 per cent on its hatchback Santro, premium compact car i10, and its mid-sized sedan Accent. Santro prices have gone up by Rs 3,601 to Rs 2.59 lakh on the base model and ...

PERFORMANCE: Tata Steel expects Feb sales to rise by 15%
Kolkata, Feb.13 Tata Steel, the country’s largest steel producer, is expecting its sales to rise by 10-15 per cent in February from a month ago, as demand scenario is gradually improving, Mr B. Muthuraman, Managing Director, said here ...

OUTLOOK: Leyland-Nissan jt venture may come up at Nissan facility
Chennai, Feb. 13 Ashok Leyland is considering the option of setting up its joint venture with Nissan at the Nissan-Renault facility coming up ...

RESTRUCTURING: Mahindra to transfer defence biz to 2 cos
Mumbai, Feb. 13 Utility vehicle major Mahindra & Mahindra has decided to transfer the land systems business and the naval systems business of Mahindra Defence Systems (MDS) to two separate ...

NEW PROJECTS: Sanwaria Agro completes expansion
Mumbai, Feb. 13 Sanwaria Agro Oils Ltd has completed its ongoing capacity expansion of core solvent extraction and refining business with an investment of Rs 25 crore. The group’s total soya crushing capacity after the expansion stands ...

NEW PROJECTS: Arani Power sets up Rs 60-cr steam turbine unit
Hyderabad, Feb. 13 Arani Power Systems on Friday announced the inauguration of an Rs 60-crore steam turbine manufacturing facility located at Cheriyal village in Medak district of the Andhra ...


Columnists: C Gopinath Harish Bijoor Ramanujam Sridhar Radhika Chada K Srikrishna




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Markets (Feb 12)
Nifty (at close)2,893.05(-32.65)
US Dollar (Buy/Sell)48.84/85
Brent crude (a bbl) Rs2,162
Gold (a gram) Rs1,369
Silver (a kg) Rs23,080

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