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Last update12:30:28 PM
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RIC
Agricultural Bank of China
A sharp upturn ?
The stock rose almost 13% last night after state-run Central Huijin Investment Ltd. was reportedly accumulating positions in the stock. Still a trading range between 2.5 and 2.6 CNY reflects the pressure experienced by most majors in this sector.
Lukoil
Moscow, October 10, 2011: Shares in Russia's top oil companies Rosneft and Lukoil both rose more than 3 percent, outperforming the market. Gains by the Russian rouble (which fell to a 2 year low versus USD in late September after the nation's Financial Minister Alexei Kudrin resigned)versus majors and improved stock market expectations led oil prices to increase. Hope for a solution to Europ...
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Maruti Suzuki
Strike impacts September sales
Company's Manesar plant strike during September adversely impacted the sales numbers during the month. 85,565 vehicles were produced in September, 2011. This includes 6,749 units for export. Total sales reflected a decline of 20.8% over the similar period last year. Year-to-date sales were down 10.6%
Export sales were down 47.5% over the previous year, while SUV's pick...
Infrastructure - Roads and Bridges
USD 500 billion target on spending may be missed
The planning commission recently indicated that the target infrastructure spending level of USD $500 billion for the period 2007-2012 may be around 12% below target. We consider this insignificant considering the $1 Trillion infrastructure spending plan underway through 2017.
The National Highways Authority of India report indicates that expressways c...
Mahindra and Mahindra
From the Jeep to the Thar and beyond
The tractor division of Mahindra sees improved results in a global market dominated by Deere, Kubota and others.
Mumbai, October 1, 2011: Mahindra & Mahindra’s Farm Equipment Sector (FES), a part of the U.S. $12.5 billion Mahindra Group, maintained its leadership position in the (Indian) tractor industry in September 2011.
Domestic sales in September 2011 sto...
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