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Leading agrochemicals firm Monsanto India has declared its first quarter financial results for the fiscal year 2010-11.

The company has announced that it has registered a net profit of Rs 58.66 crore for the quarter that ended in 30th June, 2010.

This net profit figure has grown up by 12.59 % in this quarter as compared to the same quarter in the previous fiscal. This has been informed by Monsanto India in a filing at the Bombay Stock Exchange.

The market leader in the Indian passenger car market is currently facing a very tight situation where its market share has fallen below 50% for the first time in the history of the company in the domestic circuit.

In fact, the company closed at 47% for the month of June and as the competition in the Indian small car segment has taken consumers mind space, Maruti is currently struggling to keep its market share at a 50%+ market share level.

Considering the fact that Indian small car market is surely one of the vital place to be for any auto major present in the country today, the fact that Toyota aims to triple its sales in the Indian market banking alone on the small car segment is surely not a big surprise.

While the total sales of the stood at 55,000+ for last year, the company is now aiming to sell close to 70,000 units for the current year and will be running hard to touch 1,50,000 by the end of 2011.

Out of the total target set by the company for 2011, it expects Etios sales to be close to 65,000-70,000.

There is no denying to the fact that Toyota has taken its own time in realizing the true potential of the Indian automotive market but now that it has, the company is ensuring that it is able to grab a substantial chunk of the domestic circuit.

It is to be mentioned here that the company is aiming to sell close to 70,000 units in this year, which is way up as compared to the 55,000+ units the company sold in the last year.

In fact, after it launches its much-awaited Etios model in the Indian market, the company expects to produce close to 70,000 units of the product.

Natural gas ended higher amid forecasts for hot weather, as a potential storm-thr

Jeera August contract gained Rs 419 and settled at Rs 14935 a kg on firm global prices, good local demand and poor stocks. Overseas demand may divert towards India as Syria is quoting at a premium. In the international market, Indian jeera is quoted in the range of $2,900-$3,000 per tonnes while Syrian produce is at $3,200 range per tonnes. At Unjha, the spot market in Gujarat, jeera gained 230.5 rupees to end at 14,151.50 rupees per 100 kg. The contract made intraday low of Rs 14516 a kg and high of Rs 14940 a kg. Support for jeera is at 14654 below that could see a test of 14373. Resistance is now seen at 15078 above that could see a resistance of 15221.

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