Tata Motors pips RIL to emerge
as India's top brand
The Tata Motors-Jaguar-Land
Rover combine, with a
valuation of $8.45 billion, has
over taken Reliance to top the
list of the 50 most valuable
corporate brands in India.
The brand valuation of Tata
Motors-JLR grew 172% over its
2009 value of $3.1 billion when it
was at No.5 in the pecking
Reliance, the petrochemicals-
to-retail major, saw a10%
erosion in its brand value at
$7.04 billion, down from $7.8
billion in 2009.
25th October 2010
Toyota output, sales fall in Sept
CAR RECALLS,FALLING DOLLAR BRING MORE PAIN.
JAPANESE auto giant Toyota suffered the first drop in a year in September
on slower domestic sales and exports while its rivals reported robust
The worlds largest automaker, which has been battered by a global
recall crisis that has affected more than 10 million vehicles worldwide, last
week announced a further recall of 1.5 million vehicles to fix a brake
The figures come as a Monday report claimed the company faces a
near $2-billion loss.
Toyotas worldwide production, excluding output by Daihatsu and Hino
subsidiaries, fell 1.3% from a year earlier to 672,604 units in September
Domestic production in Japan fell 1.4% from a year earlier to 305,853
units, the first drop in 11 months
Rivals with robust growth
Nissan Motor’s global production soared 27% to 395,658 units, a record for a
single month, as exports rose 38.3%.
Honda’s worldwide production rose 9.2% to 328,368 with exports surging
26th October 2010
ArcelorMittal Q3 profit jumps
ArcelorMittal, the worlds largest steel
maker,posted on Tuesday a 48% jump in third
quarter net profit, but higher raw material prices
and muted demand dampened its expectations
for the rest of the year.
Net profit rose to $1.35 billion in the third quarter,
from $910 million a year earlier, as the global
recovery boosted demand for steel.
Sales increased 30% to $21.04 billion from $16.17
billion a year earlier.
But earnings were down from the previous quarter
and the company warned of tougher market
27th October 2010
Bharti,Aircel keen to buy
BHARTI Airtel and Aircel Cellular are interested in
buying the yet-to be-launched Indian wireless
broadband business of Qualcomm
Bharti Airtel, India's largest mobile phone company, is
primarily interested in QUALCOMM's airwaves and
permits for Delhi, complementing the 3G frequencies
it won in the circle.
Aircel, a unit of Malaysia's Maxis Communications
and the country's seventh-biggest operator, has
shown interest in the Mumbai and Kerala circles.
Qualcomm had sought a minimum of 5,000 core for
its airwaves and permits in Mumbai, Delhi, Haryana
and Kerala. It paid 4,913 core to win the licenses in
an auction in June.
28th October 2010
LG losses widen, cellphone biz
LG Electronics suffered a second straight quarter of record
losses from its main mobile-phone business as the worlds
third-largest handset maker struggles to compete against
Apples iPhone in the smartphone market.
Losses from mobile phones swelled to 303.8 billion won
($270 million) in the third quarter, more than double the
previous record in the preceding three-month period,
That led to a 99% drop in net income.
The company is trying to put its mobile phone business
back on track and so LG introduced the Optimums One
smartphone this month to compete in the fastest-growing
segment of the mobile-phone industry.
29th October 2010
Rlys invites SAIL to set up plant
THE Railways has invited SAIL to build a factory for making freight bogies
for use in its proposed 70,000-crore Dedicated Freight Corridor.
The proposal for the new factory at Andal in West Bengal was
announced by Union railway minister Mamata Banerjee
She was speaking at a function to inaugurate a proposed joint venture
between Railways and Sail for a wagon-making unit in Kulti.
The coming together of SAIL and Railways is indicative of the latters
growing reliance on public sector units for executing big ticket projects.
The Railways attempt to set up projects under the public-private
partnership route has failed to attract any significant private sector
Railways is also in the process of entering into an alliance with another
PSU steel major, RINL, for a 300-crore wheel and axle plant at Jalpaiguri,
the Railways will sign an MoU for a proposed 74: 26 joint venture with
power major NTPC for a 1,320 mw thermal power plant at Adra in West
Bengals Purulia district
At Kulti, a JV between SAIL and RITES, moves are afoot for the
manufacture of 1200 BOX-N type wagons, including high-end wagons
31th October 2010