Maruti Kizashi launched at Rs 16.5 - 17.5 lakhs

The top most car manufacturer in India Maruti Suzuki launched its Kizashi luxury sedan priced for Rs17.5lakhs. The engine is set to have the power of 2.4 lit, with the specifications of 178PS, @6500rpm, and 230Nm torque @4000rpm and is derived from the Japanese apex facility. The MD and CEO of Maruti Suzuki India said that the launch of this car is a major step forward by offering the global standards to the top-end customers in India. There will be two versions of Kizashi sedan at Rs16.5 lakh (manual transmission) and Rs17.5 lakh for automatic transmission. The company’s Managing Executive Officer explained that this Maruti Kizashi is the latest...

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Mercedes Benz Maybach In India

German car manufacturer Mercedes-Benz is contemplating on relaunch of its Maybach for the Indian market. The move comes in the wake of rising demand for the super rich cars in the market. Mercedes Benz Maybach is capable of running at 275km/hr speed and Mercedes may fix the price of this car as Rs51 million in India. The company’s Chief Executive said the Indian luxury car has such a dearth for supercars as the cost may be on par private jets.The analysis of the last year’s economy by Forbes revealed that there have been 17 new billionaires in the Indian population adding to the already existing to make it 69. As a partner of Daimler AG, Mercedes...

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10 new models from Mahindra this year

Looking to build on the sales momentum achieved so far this fiscal, Mahindra & Mahindra (M&M) today said it plans to launch 8-10 new products, including a premium sports utility vehicle, across various segments by March 2012."From this year to the end of March 2012, there will be a slew of products launched across passenger and commercial vehicles segments," Mahindra & Mahindra (M&M) President (Auto and Farm Sectors) Pawan Goenka told reporters here. Already the company has started with the launch of pick-up vehicle 'Genio' last month. There will be about 8-10 substantial new products, including variants and refreshes, launched...

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Dabur India Q3 Net Profit Up 12% To Rs 154.05 Crore

New Delhi: The Board of Directors of Dabur India Ltd (DIL) met here today to consider the unaudited financial results of the company for the quarter and Nine-month period ended December 31, 2010. Strong volume-driven growth in key categories like Health Supplements, Foods, Toothpaste, Home Care & digestives coupled with stringent cost-saving initiatives helped Dabur India Ltd mitigate the impact of rising input costs to end the third quarter of 2010-11 financial year with a near 12% surge in consolidated Net Profit to Rs 154.05 Crore. Net Profit for the same quarter of the previous fiscal stood at Rs 137.76 Crore. The company’s consolidated...

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Unitech recovers from 52-week trough

Unitech spurted 6.85% at Rs. 46 at 14:50 IST on BSE on reports the company's promoters have repaid Rs. 50.6 crore to creditors from whom they had raised about Rs. 250 crore a year ago by pledging their shares.Meanwhile, the BSE Sensex was up 166.12 points, or 0.92%, to 18,188.34. On BSE, 1.06 crore shares were traded in the counter as against an average daily volume of 33.56 lakh shares in the past one quarter.The stock hit a high of Rs. 47.15 and a low of Rs. 43.65 so far during the day. The stock had hit 52-week low of Rs. 42.35 on Tuesday, 1 February 2011. The stock had hit a 52-week high of Rs. 98.45 on 7 October 2010.The stock had underperformed the market over the past one month till 1 February 2011, falling 34.97% compared with the Sensex's 12.13% decline. The scrip had also underperformed...

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Birla buys Columbian Chemicals for $875m

The Birla group has floated a special purpose vehicle (SPV) called Indigold domiciled in Netherlands to acquire the world’s third largest producer of carbon black - Columbian Chemicals Company in a $875 million deal. The Birlas are investing a sum of $425 million as equity and debt in the SPV, to help fund the takeover of the loss- making company from private equity firm One Equity Partners.“Thai Carbon Black listed on the Bangkok Stock Exchange and Alexandria Carbon Black a joint venture company in Egypt will each be raising $175 million as dollar denominated term loans with a weighted average maturity of 5.8 years to invest as equity in Indigold and advance loans to the SPV. In addition SKI Investment, a Singapore based, privately held group company will raise $75 million to invest as equity...

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