India's Tata Nano will go on sale in Bangladesh

India's Tata Nano will go on sale in Bangladesh but with a price will be  nearly triple what it is at home.
Nano will cost 599,000 taka ($7,900) and will be distributed by Nitol Motors
That price compares with 141,000 Indian rupees ($2,870) for a basic Nano model in India. Analysts attributed the Nano's poor sales was of concerns due to lack of  safety, lack of cheap financing and operational hiccups after production shifted to a new plant. Tata was forced to offer free safety upgrades after around half a dozen of the cars caught fire.

Maruti Suzuki India shut its main plant at Gurgaon for two days

Due to component supply constraints from SPIL Maruti Suzuki India shut its main plant at Gurgaon for two days starting today , where workers are on a stir in support of the striking colleagues at the country's largest car-maker's Manesar plant. Maruti Suzuki has decided to suspend production at the Gurgaon plant on October 14 and October 15.  Tensions ran high at Maruti Suzuki India's Manesar plant with about 1,500 police personnel entering the factory and asking the striking workers to vacate the premises as per the Punjab and Haryana High Court order.
The workers, however, said they will not leave the factory unless forcibly evicted.
Suzuki Powertrain India Employees Union  and the rebel body of MSI's Manesar plant - Maruti Suzuki Employees Union also said that they will challenge the High Court order at the Supreme Court. Yesterday, the Punjab and Haryana High Court passed an order that there would be no sit-in strike within 100 meters of the premises of Maruti Suzuki's factory at Manesar. Workers at MSI's Manesar plant, SPIL and Suzuki Motorcycle India Pvt Ltd have been on strike since October 7 demanding reinstatement of about 1,200 casual workers at the carmaker's Manesar plant along with 44 other permanent workers.

MRF has crossed Rs 10,000 crore turnover

MRF  has crossed Rs 10,000 crore turnover in one year, becoming the first Indian tyre maker to achieve this mark, and announced plans to acquire plantations or companies abroad to neutralise the impact of high import duty on rubber.
In 2007 MRF reported Rs 5,000 crore. Within Span of 4 years they acheived 10,000 Crore.
MRF exports tyres to 65 nations. It has seven facilities in the country.

Gateway Distriparks Q2F12 Results

Gateway Distriparks Q2F12 Results
The company's Q2 net profit was up 12.5% at Rs 22.5 crore versus Rs 20 crore, year-on-year, YoY.Its net sales were up 40% at Rs 59 crore versus Rs 42 crore, YoY.

India's food inflation at 9.32% as compared to 9.41% previous week

India's food price index rose 9.32% and the fuel price index climbed 15.10% in the year to October 1.
In the previous week, annual food and fuel inflation stood at 9.41% and 14.69%, respectively.
The primary articles index was up 10.60%, compared with an annual rise of 10.84% a week earlier.
IIP expanded less than expected in August in further evidence of a slowdown in Asia's.
Indian inflation in August accelerated to 9.78%, its highest in more than a year, from 9.22% in July.
The RBI has raised interest rates a dozen times in the past 18 months inspite of slowdown and may consider again rate hike on 25th of this month

Jaybharat Textiles and Real Estates. A P Paper & KSL & Industries Ltd Results Q2F12

Jaybharat Textiles and Real Estates Results Q2F12 :-
Net sales up 31% at Rs 201 cr vs Rs 153 cr ,PAT down 43% at Rs 2.3 cr vs Rs 4 cr ,Total expenditure up 35% at Rs 180 cr vs Rs 133 cr,EBITDA up 5% at Rs 21 cr vs Rs 20 cr ,EBITDA margin at 1.14% vs 2.41%

A P Paper Q2FY12Total Income up 11.5% at Rs 204 cr vs Rs 183 cr ,Net loss at Rs 92 cr vs net profit at Rs 12 cr ,Total expenditure up 26% at Rs 183 cr vs Rs 142 cr ,EBITDA down 49% at Rs 21 cr vs Rs 41 cr ,EBITDA margin at 10.3% vs 22.4%

KSL & Industries Q2FY12Net sales up 18% at Rs 390 cr vs Rs 332 cr,PAT up 12% at Rs 4.7 cr vs Rs 4.2 cr ,Total expenditure up 14% at Rs 320 cr vs Rs 281 cr ,EBITDA up 37% at Rs 70 cr vs Rs 51 cr ,EBITDA margin at 17.95% vs 15.36%

Coal India Will offer 4 mt meant for E-auction in October to power companies

Coal India Will offer 4 mt meant for E-auction in October to power companies Diversion of E-auction quota will not have much impact said Coal India Chairman, Coal India is Currently producing 1.1 mt everyday E-auction quota stays intact for the entire year. He also said that Labour unrest in future donot take place and  FY12 production stays at 452-454 mt.

S&P downgraded the long-term credit rating of Spain

S&P downgraded the long-term credit rating of Spain by one notch to AA- from AA with a negative outlook, due to weak growth, tightening fiscal conditions and high private sector debt.
It added it expected continuing deterioration in financial system asset quality while the incomplete state of labour market reform will contribute to structurally high unemployment that will be drag on economic recovery

Hyundai Eneters into small car segment Maruti Will Face The heat

Maruti Will feel the heat as Hyundai launched its entry level compact car Eon that has been developed specifically for the Indian market.

The car has been priced aggressively between Rs 2.69 lakh and Rs 3.71 lakh .
The company, which operates through wholly owned subsidiary Hyundai Motor India Ltd (HMIL), said the car has been designed and developed keeping Indian consumers in mind.
The Eon, which will compete with Maruti Suzuki India's best selling model Alto, is powered by a 814 Cc petrol engine. Alto is priced between Rs 2.32 lakh and Rs 3.17 lakh  and is the best selling car, averaging about 20,000 units a month. Price is only 40,000 Less then Eon but looking at the features of Eon then surely Eon looks best.
HMIL has invested Rs 900 crore on the development and production facilities for the Eon.
Hyundai Eon features for all variants are body color bumpers, body color door handles and body colored OSVRMs (outside rear view mirrors), multi trip meter, remote fuel gaze opener, remote boot lease opener, adjustable steering column, seat belts for all seats and so forth. But, Power steering, all four power windows, central locking, front fog lamps, designer wheel covers, rear spoiler, even a music system etc. will be offered only in the top-end variant as standard. All these innovative features of the car are much more to prove it good comfortable entry level small car.

Hyundai Eon dimensions are also superb and the new beast has good space. In it four to five passengers can sit easily. Its length is 3495mm, width is 1550 mm, Height is 1500 mm and wheelbase of the small car is 1380 mm. Hyundai Eon boot space is 215 litres while kerb weight of the new small car is between 715 to 795 kgs.

Currently, Hyundai Motors India Limited is offering this new small car only in petrol engine model while an LPG variant is also expected by the end of this year. Hyundai Eon comes equipped by a 814cc, three cylinder petrol engine that makes out maximum power of 56ps at 5500 rpm and belts out peak torque of 7.65 Kgm at 4000 rpm. The engine of new Hyundai small car is mated with a 5 speed manual gearbox while an automatic version is also expected by end of this year which will be a surprise for the Hyundai Eon lovers. Hyundai Eon mileage is 21 kmpl which is impressive.

Lilliput Kidswear IPO Distrupted

Lilliput Kidswear has gone to police said that anonymous callers try to defame and has written to banks to mention the IPO was sabotaged. Lilliput has filed a police criticism against unknown callers saying that they need created a shot to defame the corporate. The numbers of those callers are identified and also the police are trying into the matter. The company in its letters to its bankers has said that this whole exercise by the PE investors is in an exceedingly approach a shot to sabotage the IPO. Private equity investors Bain Capital and TPG had pulled out of the corporate at the side of the auditors. that they had done this on the premise of calls, that that they had received from unknown persons.
Furthermore, Lilliput has gone onto say that it's stunning that simply on the premise of unknown calls such a giant call are taken by the investors and also the auditors. Lilliput has conjointly said that the corporate is shocked that these allegations were accepted, particularly by Bain Capital considering that it absolutely was a lively partner which it absolutely was an everyday visitor to its offices. In it’s letter to the bankers, it's sought support from them, so the worth of the corporate isn't reduced. it's clearly alleged that it’s a shot to sabotage their IPO. Meanwhile, Bain Capital and TPG, refused to treat the allegations as they assert the matter is currently before the High Court. However, these 2 players don't comply with a number of the statements created by Lilliput and said they arrange on responding in due course.