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Markets turn choppy; Sun Pharma slips 5%
Posted on 11th September 2014
Markets have erased early gains and have turned choppy weighed down by heacthcare shares. Also, investors have turned cautious ahead of the IIP and CPI numbers which are due to be released tomorrow.

At 9.50 AM the Sensex is up 23 points at 27,080 and the Nifty has gained 14 points at 8,109 levels.

Automobile sales hit the fast lane in August
Posted on 11th September 2014
Sales of medium and heavy commercial vehicles (M&HCVs) have picked up after almost two years of decline. And, demand for passenger vehicles (PVs) in the domestic market rose for a fourth continuous month, by a strong 12.5 per cent, to 213,915 units in August.

Mumbai: Days after United Bank of India declared Kingfisher Airlines Ltd (KFA), promoter Vijay Mallya and three other directors wilful defaulters, the country’s largest bank State Bank of India on Tuesday said it has also sent a notice to tag them as “wilful defaulters”.

“We have already sent a notice to KFA (to declare it as a wilful defaulter). There is a mandatory time that needs to be given to them to respond and that time is currently on,” said Arundhati Bhattacharya, chairperson of SBI.

Serial entrepreneur and investor, Mr. Raju Vanapala has ventured ahead to tap the potential of online learning with his new venture, “LearnSocial“. This aims at building a global marketplace for Instructor-led Online Learning. With a team size of 50, LearnSocial identifies industry relevant courses for college fresher/s, mid-career professionals, senior professionals; and have also partnered with over 200 relevant industry experts to teach on this platform.

Unlike going into traditional online education or the new generation of Massive Open Online Course (MOOC) platform, LearnSocial offers Live Instructor-led online courses on wide range of topics including Technology, Languages, Business Management, Robotics and many others.

Mahindra and Mahindra Ltd shares fell 1.7 percent.

Kotak Institutional Equities cuts the auto maker to "reduce" from "add" and lowered target price to 1,310 rupees from 1,404 rupees.

It cited valuations as the key reason. It further added that Mahindra and Mahindra has lost 13 percent market share in the utility vehicle segment over the past two years.

Honda introduces self-driving car
Posted on 10th September 2014
Honda shared its vision of the hands-free highway commute Tuesday, a car that can safely drive itself on the freeway while the driver's hands are off the wheel.

While the car is just a prototype, Honda says the technology could start appearing on Honda cars in 2020 and beyond.

KOLKATA: The telecom department (DoT) has dismissed Bharat Sanchar Nigam's (BSNL) demand for additional compensation of nearly Rs 589 crore for rolling out mobile networks in India's Maoist hotbeds as it would increase the final project cost well beyond the Cabinet-approved Rs 3,567.58 crore.

State-run BSNL had sought additional compensation equivalent to 16.5 per cent of the project cost to encourage its staff to work in hostile regions prone to left wing extremism.

Hindustan Petroleum Corp Ltd (HPCL) is looking to bridge the gap between its refining and marketing capacities to maintain its strong position in fuel retail as competition from private players is likely to increase post diesel deregulation.

Bajaj launches KTM RC 200 and RC 390 in Pune
Posted on 10th September 2014
Two wheeler major Bajaj Auto today launched the KTM RC series of super sports motorcycles RSC 390 and RC 200 in Pune.

The RC 200 will cost Rs 1.60 lakh, while the RC 390 is priced at Rs 2.05 lakh (ex-showroom, Delhi). The company said that the current price were introductory and it may increase the prices later. Both the models are being manufactured at Bajaj Auto’s Chakan Plant.

As part of its personnel rationalisation drive, Air India is considering redeploying about 10 per cent of its employees to various departments in the ministry of civil aviation. Currently, the airline has about 13,000 employees. Of this, 1,500-1,600 are likely to be redeployed to organisations such as the Bureau of Civil Aviation Safety and the Airports Authority of India.

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