| 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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| M&M to launch motorcycle next year | 06-NOV-09 |
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| Mahindra and Mahindra (M&M) plans to launch a motorcycle next year. The company is also looking at acquisitions in the electronic scooter space. |
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| Promoters make hay in bull market | 26-OCT-09 |
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| Promoters of around 200 large- and mid-cap companies have sold parts of their holdings to raise a combined Rs 50,000 crore in the second quarter of this financial year (July-September), according to the shareholding pattern filed by these companies with stock exchanges. |
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| M&M: Monsoon blues | 10-SEP-09 |
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| The Mahindra and Mahindra stock has had a strong run, gaining 164 per cent between March and now, compared with a rise of 87 per cent for the Sensex. However, over the past months, the price has remained more or less flat. That’s mainly because of concerns that a less-than-normal monsoon in four or five states could hurt sales of farm equipment, a profitable business for the company. |
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| Mahindra looks at Renault to revive sales for Logan | 02-AUG-09 |
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| After making several failed attempts to revive the dwindling sales of the Logan sedan, Mahindra and Mahindra is now looking to joint venture partner Renault to take some remedial measure. M&M has already cut sales target for the car. |
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| M&M Finance Q1 net up 52% at Rs 43 cr | 27-JUL-09 |
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| Mahindra & Mahindra Financial services, non-banking finance comapny and a part of the Mahindra group, reported a 52.48 per cent increase in the consolidated net profit to Rs 43.16 crore during the quarter ended June 2009 as against Rs 28.30 crore in the corresponding quarter last year. |
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| Automobile sector: Picking up speed | 04-JUL-09 |
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| In the last couple of months, it was only the market leaders in the auto space that were doing well. But the numbers for the month of June show that others companies, too, are seeing better momentum. |
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| Sensex down 1%; realty, auto take the hit | 13-JUN-09 |
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| The Bombay Stock Exchange benchmark, Sensex, fell for the second straight day by losing another 1 per cent on profit-selling as investors judged the 90 per cent rally as overdone. |
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| Five mutual fund houses get ready to start business | 07-JUN-09 |
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| The mutual fund industry has started attracting new players after the rebound in the stock markets. Motilal Oswal, ASK Investment Holding, Axis Bank, Indiabulls, Mahindra and Mahindra Financial Services have applied to the Securities and Exchange Board of India (Sebi) to start fund houses and have already received in-principle approval. And sources familiar with the developments said many more names could follow. |
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| DSM Engg triples capacity | 13-MAR-09 |
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| DSM Engineering Plastics has tripled its manufacturing capacity in India, with the commissioning of its new plant at Ranjangaon in Pune. The newly-installed unit will produce most of the DSM’s established brands such as Akulon-PA6, Arnite-PBT, Arnite-PET and Stanyl-PA46. With this, DSM Engineering Plastics will become the largest manufacturer of polyamide and polyester compoundings in the country. |
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| PTL withdraws suit against Sumitomo Corp | 13-JAN-09 |
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| Punjab Tractors (PTL) today withdrew its suit against Japanese firm Sumitomo Corporation at Company Law Board (CLB) alleging mismanagement in commercial vehicle manufacturer Swaraj Mazda. |
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