Saturday, July 17, 2010
Tata Motors hikes Nano prices by 3-4%
Tata Motors Ltd. announced that it has increased the price of the Nano by 3-4% for those customers who had continued to retain their bookings with the company. "Despite a steep increase in input prices, their Tata Nano's are being priced only 3-4% higher, depending on the model, than the price announced at launch," Tata Motors said in a statement. With its 250,000 unit per year Sanand plant becoming operational ahead of schedule, the company will speedily ramp up production of the Nano, Tata Motors said. Accordingly, the company has begun intimating retainee-customers that their cars are coming up for delivery. This is the final step, before the company opens up sales of the Nano, Tata Motors said.
January-June passenger air traffic up 22% yoy
Passengers carried by the Indian domestic airlines from January to June 2010 were 257.10 lakhs as against 210.99 lakhs in the corresponding period last year, thereby registering a growth of 21.86%. The total domestic passengers carried by the Scheduled Airlines of India during April to June 2010 was 134.77 lakhs as against 118.53 lakhs in the first quarter of the year.
Inflation rises to 10.55% in June
India's annual rate of inflation, based on wholesale price index (WPI), rose at a less than anticipated pace in June, data released by the Government showed. Inflation stood at 10.55% in June 2010 as compared to 10.16% in the previous month, the Government said. Inflation for June had been expected to come in at around 10.7-10.8%. Meanwhile, April's inflation figure was revised to 11.23% compared to the preliminary estimate of 9.59%. It may be recalled that last month, the Government had revised upwards March inflation rate to 11.04% from a provisional reading of 9.90%.
Weekly Newsletter - July 17 2010
The failure of the key indices to head higher after making new intermediate highs this week shows that the market is a little jittery. The disappointing IIP report and stubbornly high inflation have only added to the confusion. Global cues too are not particularly rosy amid persistent worries over the state of affairs in the US, EU and China. The only positive development is the improvement in the euro versus the dollar. So, the near-term trend may continue to be driven partly by earnings and partly by external factors.
Industrial output unexpectedly falls in May
India's industrial output surprisingly declined in May when compared to growth in April, as the Mining and Manufacturing sub-segments saw a sharp deceleration in their respective outputs even as the Electricity sub-segment witnessed a steady expansion over the previous month. The industrial output, as measured by the index of industrial production (IIP), stood at a surprisingly low 11.5% in May as against consensus estimates of 15-16%. Also, the Central Statistical Organisation (CSO) today revised down April's IIP growth reading from 17.6% to 16.5%.
Rupee joins elite club...gets its own symbol
The Union Cabinet approved the final design for the unique symbol of the Indian rupee. It has given its approval to the numerical representation for the Indian rupee, which is a mix of the Devanagri 'Ra' and Roman 'R'. This symbol will be used by all individuals/entities within and outside India after its incorporation in `Unicode Standard’, ‘ISO/IEC 10646’ and ‘IS 13194’. The symbol will standardize the expression for Indian Rupee in different languages, both within and outside the country. It would better distinguish the Indian currency from those countries whose currencies are also designated as Rupee or Rupiah, such as Pakistan, Nepal, Sri Lanka and Indonesia.
Annual Report - Marico - 2009-2010
MARICO LIMITED
ANNUAL REPORT 2009-2010
DIRECTOR'S REPORT
To The Members
Your Board of Directors ('Board') is pleased to present the Twenty Second
Annual Report of your Company, Marico Limited (Your Company), for the year
ended March 31, 2010 ('the year under review', 'the year' or 'FY10').
Annual Report - SRF - 2009-2010
SRF LIMITED
ANNUAL REPORT 2009-2010
DIRECTOR'S REPORT
Yiour Directors are pleased to present the 39th Annual Report for the year
ended 31 March 2010.
Annual Report - Shanthi Gears - 2009-2010
SHANTHI GEARS LIMITED
ANNUAL REPORT 2009-2010
DIRECTOR'S REPORT
Your Directors have pleasure in presenting to you the Thirty Seventh Annual
Report, together with the audited accounts of your Company, for the year
ended 31 st March, 2010.
Annual Report - Nagarjuna Fertilizers and Chemicals - 2009-2010
NAGARJUNA FERTILIZERS AND CHEMICALS LIMITED
ANNUAL REPORT 2009-2010
DIRECTOR'S REPORT
REPORT OF THE DIRECTORS
Your Directors have pleasure in presenting the 34th Annual Report together
with the Audited Accounts of your company for the year ended March 31,
2010.
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