| Lokesh to set up cylinder heads line for M&M's Navistar | 19-NOV-09 |
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| Lokesh Machines Limited, a Hyderabad-based manufacturer of machines tools and automotive components, will be setting up a six-cylinder heads production line for Mahindra & Mahindra’s Navistar trucks, at the latter’s Pune plant with an outlay of Rs 10 crore. Targeted at the export markets, the Navistar trucks will be rolled out from M&M’s stable in the next five months. |
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| L&T's Satyam share sale pulls down scrip | 14-NOV-09 |
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| Larsen & Toubro (L&T) has sold a third of its holding in Mahindra Satyam, or 27.24 million shares, for Rs 306.54 crore, taking the software company’s share price down by 6.6 per cent, the biggest fall in five months. |
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| Mahindra Lifespace plans Rs 400cr project | 14-NOV-09 |
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| Mahindra Lifespace Developers Limited, part of the $6.3-billion Mahindra Group, is planning to construct a residential complex at its special economic zone (SEZ) – Mahindra World City – near Chennai with an estimated cost of Rs 400 crore. |
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| L&T sells 2.32% in Satyam for Rs 306 cr | 13-NOV-09 |
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| Larsen & Toubro (L&T), one of the failed suitors for scam-hit Satyam Computer, today sold 2.32 per cent stake in the IT company (now Mahindra Satyam) for over Rs 306 crore, exactly a month after the lock-in perid on sale of its holding ended. |
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| Mahindra Satyam down 7% on L&T's stake sale | 13-NOV-09 |
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| Mahindra Satyam slipped to a low of Rs 109 and finally ended at Rs 110, down around 7%. The counter witnessed trades of 46.44 million shares on the BSE as compared to the two-week daily average traded volumes of 7.23 million shares. |
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| L&T to sell a third of Satyam stake | 13-NOV-09 |
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| Engineering giant Larsen and Toubro (L&T) is selling a third of its 6.9 per cent stake in Mahindra Satyam, formerly Satyam Computer Services. The transaction is expected to fetch Rs 304 crore for the company, said banking sources. |
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| Global car market decline has plateaued: Ghosn | 09-NOV-09 |
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| The global car market, which has suffered acute demand contraction since September 2008 when economic downturn set in, has bottomed out and the industry was set for a sale of 60 million units in this year and the next, said Renault-Nissan Chairman Carlos Ghosn. |
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| U'khand CM threatens dharna | 09-NOV-09 |
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| With Uttarakhand seeking extension of the special industrial package by another 10 years, a war of nerves is brewing between the Centre and the state government, with Chief Minister Ramesh Pokhriyal Nishank threatening to stage dharna in New Delhi over the issue. |
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| Wkly Tech Analysis: Nifty may move in 4,640-4,900 band | 08-NOV-09 |
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| In a week marked by high volatility, markets corrected sharply only to bounce back with greater strength. Last week, it was mentioned that the markets might stage a July-like recovery amid high volatility. Although, markets have bounced back sharply, chances of a full recovery look remote currently. Going forward, one needs to watch the 15,530-15,640 zone for the Sensex as crucial for the current upmove to remain intact. |
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