The Sensex ended at 17,198, stronger by 272 points, and the Nifty closed at 5,122, higher by 89 points.
Home-grown automotive players like Tata Motors, Ashok Leyland, Bajaj Auto, Hero Honda, TVS Motors and Maruti Suzuki are augmenting the use of plastics in engine components in an ambitious effort to reduce dependence on key metals like steel and aluminium, all of which have witnessed stupendous rise of 35-50 per cent in the past 5 months.
Argentina rallied from two goals down to beat Belgium in the final of the qualifying tournament in Quilmes.
Low-base effect to kick in, but higher raw material prices could spoil the show.
The intermittent rain that lashed Mumbai on Monday robbed Team India of practice ahead of seventh ODI and cast serious doubts on the possibility of the match being played.
In an attempt to steal the two-wheeler market from the three Indian giants Hero Honda, Bajaj and TVS Motors, which collectively account for almost 85 per cent of sales, Japanese bike manufacturers like Yamaha, Honda, Suzuki and Kawasaki will launch scaled-down Indian versions of their international superbike models.
India's biggest two-wheeler manufacturer, Hero Honda, is already predicting a certain impact by November-December.
Liquor and airline baron Vijay Mallya, auto major Hero Honda and leading telecom company Reliance Communications have started negotiations with the Board of Control for Cricket in India (BCCI) to buy the rights of teams that will play in the Twenty20 tourney, which was announced to counter Subhash Chandra's Indian Cricket League (ICL).
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
Car maker Maruti Suzuki India Ltd on Monday reported a 15.75 per cent jump in the total sales in May at 79,872 units as against 69,001 units in the same month last year.
Production of the 125 cc motorcycle has started in an assembly plant in China, putting the country's second-largest maker a step ahead of competitor Hero Honda, which is also working on a motorcycle reportedly between the Rs 17,000 and Rs 20,000 price point.
With Doordarshan opting out of the simultaneous coverage of the India-South Africa three-test match series, sports channel Neo Sports the exclusive telecast rights holder for the series hopes to rake in Rs 70 crore in advertising revenue. Neo Sports has eight on-air sponsors (two co-sponsors and six associate sponsors). Coca-Cola, Airtel, Hero Honda, Pidilite and Asian Paints are putting about Rs 26-28 crore, while the remaining amount will come from spot selling.
The Honda company is working on entering the same segment, with a sporty bike, in 2010. It hopes to sell a few lakh of these a year, to begin with
Keen competition will make the going tough even for market leaders in the segment.
Honda's chief executive on Sunday disputed the low-cost business model championed by India's Tata Motors, saying that bad roads and high petrol prices would keep many emerging market travellers on motorcycles for years to come.
Tax concessions in Uttarakhand are encouraging auto majors from Hero Honda to Tata Motors to shift a larger part of their manufacturing to the state to counter rising raw material costs and increase their flexibility to offer consumers cheaper models in a competitive market.
German auto maker Daimler Trucks has zeroed in on the Munjals of Hero Honda for a joint venture to make commercial vehicles in India. The announcement is expected before Christmas. According to sources, Daimler has been directly involved in talks with the Munjal family.
The Indian Institute of Management, Lucknow, invites industry delegates and management students to attend its annual IT management seminar, AIMS 2006.\n
Hero Honda, the largest motorcycle manufacturer in the country, posted an impressive 16 per cent growth in June this year over the previous corresponding month.
Riders Karanbir Singh and Pankaj Trivedi rode their way into the Limca Book of Records (validation by Limca Book of Records awaited) by successfully completing the run from Kanyakumari, India's southernmost tip to Khardungla, the world's highest motorable road up in the Himalayas, in 5 days, 5 hours and 45 minutes.
FMCG moves fast, while real estate yields ground and metals lose their lustre. The star of 2008 so far has been Hindustan Unilever; the multinational FMCG player has actually gained 20.45 per cent between January 1, 2008 and December 24, 2008.
The Chennai-based company is developing bikes in the range of 200cc and above to compete with Bajaj Auto's Pulsar range, which begins with the 150cc variant and ends with the 220cc model at the top of the ranks, sources, who declined to be identified, said.
The Sensex moved higher after opening with a gain of 12 points at 7,888.
The Sensex plunged into the red after opening with a gain of 13 points at 7,693.
Oil and Natural Gas Corporation has been adjudged the greenest company in the country, while Reliance Industries has been ranked second in a survey conducted by Business Today-ACNielsen ORG-MARG.
India Inc, while welcoming the Reserve Bank of India's move to cut the key interest rate, expressed doubts on lenders' response to pass on the benefits to customers.
China's Liang Wen-chong held on to a one stroke lead after firing his second straight 71 in the third round at the Hero Honda Indian Open on Saturday. Liang who was last year's Asian Tour's Order of Merit winner, produced a 14-under-par 202 total for a narrow advantage over Australia's Adam Blyth, who nailed a 66 at the Delhi Golf Club.
Chinese star Liang Wen-chong remained firmly at the top of the leaderboard after firing a one-under-par 71 in the second round at the Hero Honda Indian Open on Friday. Liang, who posted a record 60 on Thursday, produced a 13-under-par 131 total for a comfortable five stroke lead over Sweden's Daniel Chopra who shot a 70 in second place at the Delhi Golf Club.
China's Liang Wen-chong fired a record breaking 12-under-par 60 for a five-stroke lead in the opening round at the Hero Honda Indian Open on Thursday. Liang, who was the 2007 Asian Tour's Order of Merit winner, surpassed the previous course record of 10-under-par 62 set by India's Shiv Kapur last year at the Delhi Golf Club.
TVS Motor Company's ambition to become the second largest two-wheeler player in the country is pegged on a twin strategy.
The duty for two-wheelers and small cars has been brought down to 12 per cent in the Budget proposals, a move, two-wheeler manufacturers feel, would lead to unfair competition. "The excise duty on two-wheelers and three-wheelers should be brought down to 8 per cent," Chairman of Bajaj Auto Rahul Bajaj said.
The telecom major has paid over $ 103 million to get the rights for eight years, which include two World Cups, the 20-20 World Cup and the Championship Trophy.
"The two-wheeler industry is one of the very few industries which has witnessed a degrowth during the last fiscal due to lack of funding options in rural areas," Hero Honda Managing Director Pawan Munjal said on the sidelines of Hero Mindmine Summit.
It is now mandatory for corporate entities to file their tax returns through electronic-filing system, a mechanism developed as part of government's efforts to foster 'friendlier' relations between tax authorities and assesses.
Pharmaceutical major Matrix Laboratories has emerged as the fastest wealth creator while state-owned Oil and Natural Gas Corporation
Sunil Munjal will pursue new business interests and lead Hero Corporate Services as its chairman.
With their seven-year association coming to an end after the World Cup, International Cricket Council's sponsors such as LG Electronics, Pepsi and Hero Honda seem to be having second thoughts on renewing the deal.
Led by defending champion Jyoti Randhawa, who also won the Indian Open in 2000, the field includes the last five champions --.Thaworn Wiratchant (2005), Mardan Mamat (2004), Mike Cunning (2003) and Vijay Kumar (2002).
The actresses have been nominated for Best Actress as well.
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