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Cotton export may rebound to 1.4 MT in 2009-10
Cotton exports may rebound to 1.4 million tonnes (MT) in the 2009-10 season as a recovery in the global market is expected to boost demand for the fibre, the International Cotton Advisory Committee (ICAC) has said. “Exports from India could rebound to 1.4 MT,” ICAC said in a statement. generic levitra

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RIL's Jamnagar refineries to buy Cairn crude
Cairn India, which started pumping crude oil from its Mangala field in Barmer (Rajasthan) this August, has entered into an agreement with Reliance Industries Ltd (RIL) for supplying it to the latter’s Jamnagar refineries. Cairn is likely to supply seven consignments of 200,000 barrels each to RIL during the current financial year, said an informed source. The first consignment will reach Jamnagar by end-November. The company had sold its first cargo of 208,000 barrels to Mangalore Refinery and Petrochemicals last month and it will deliver two more cargoes this month.

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Bajaj Auto's net grows nearly 3-fold
Bajaj Auto recorded a near three-fold increase in net profit at Rs 475 crore in the quarter ended December 31, 2009, beating market estimates. India’s second-largest motorcycle maker saw high demand for its vehicles, essentially driven by the high-margin, but low-capacity bikes introduced recently.
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M&M to launch motorcycle this year

The Mahindra & Mahindra group today said it would enter the motorcycle segment this year with the launch of an in-house developed bike. - Bulls to hold sway above 17,380 - Auto sales up 68% in December - M&M suffers 5% prod loss due to supply constraints - M&M slips on plans of aviation extention - Mahindra intends to add bigger wings to aviation biz - Navistar mulls supplying engines to third parties with M&M The group, which aspires to be a significant player in the two-wheeler market, is also working on adding an additional production capacity to meet future targets. “We are working on a motorcycle and you should see it during the course of 2010,” Mahindra & Mahindra (M&M) President (Two-Wheeler Sector) Anoop Mathur said at the 10th Auto Expo here. When asked about the timing of the launch of the bike, he said, “We will time the launch of the bike in such a way that we get the best impact.” Mathur, however, declined to disclose the segment in which the bike will be positioned. “We will be present across all segments of scooters and motorcycles as we want to become a significant player in the two-wheeler market. The new motorcycle will be one of the many products we will launch,” he said. The Indian two-wheeler market is pegged at about 8 million units annually, with Hero Honda leading the segment, followed by Bajaj Auto.


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