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Tata Motors: Prima-ry changes
With Volvo, Daimler and Scania gaining a foothold in the over-40-tonne heavy commercial vehicle category, it was time for Indian players to get their act together. “Indian manufacturers were not strong in heavy commercial vehicles because there was not much demand for them. But with exports and infrastructure stirring up, these have received a shot in the arm over the last four to five years,” says PricewaterhouseCoopers Leader (automotive practice) Abdul Majeed. generic levitra

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Tata Motors launches new entry-level sedan, Manza
India’s third biggest passenger vehicle maker, Tata Motors, today launched the Manza sedan, priced at Rs 4.8 lakh (ex-showroom, Delhi). The bookings commence tomorrow. This will replace the Indigo as the company’s new entry-level sedan.

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Hindalco to raise Rs 2,900 crore in QIP
Hindalco Industries, India’s largest aluminium maker, plans to sell shares to institutional investors at Rs 130.90 each to raise Rs 2,900 crore this week. The board of directors met here today to fulfill the formalities before the issue is opened.
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Motilal Oswal profit rises 74% to Rs 47cr

Motilal Oswal Financial Services reported a 74 per cent year-on-year growth in net profit to Rs 47.2 crore for the quarter ended September 30, 2009. - Sunil Jain: In the black">Sunil Jain: In the black - Parsvnath Q2 net up three fold to Rs 61.43 cr - Banco Products net up 99% at Rs 21-cr - Indusind Bank Q2 net zooms 131% at Rs 77.8 cr - HDFC Bank Q2 net jumps 30% at Rs 687.46 cr - Mid & small-cap firms to see single-digit growth On a quarter-on-quarter basis, net profit grew by 31 per cent. Broking and related revenues were up 31 per cent to Rs 125.3 crore as compared to Rs 95.6 crore in the corresponding quarter last year. Investment Banking fees were down 8 per cent to Rs 15.2 crore as against Rs 16.5 crore in the year-ago quarter. Asset management fees were up 26 per cent to Rs 6.4 crore as compared to Rs 5.1 crore in the same quarter of the previous year.


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