Hotel Leelaventure, one of the leading players in the Indian hospitality industry, has bought back nearly 50 million dollars foreign currency convertible bonds (FCCBs) at discount price from the international markets.

The company stated in a release, that till March 31, 2009, the company has bought back and cancelled FCCBs worth $33 million, constituting 33 per cent of its $100 million bonds due in April 2012.

Similarly, the company has also bought back FCCBs worth Euro 12.20 million (about $16.53 million), which constitutes 23.7 per cent of the Euro 51.40 million bonds due in September 2010.

Hyundai Motor India Ltd (HMIL), the second largest car manufacturer and the largest passenger car exporter, has finally forayed into taxi car segment in Mumbai on Monday.

The company, during a ceremony held at Modi Hyundai dealership in Mumbai, has handed over about 30 cars of Hyundai's best selling model - the Santro under its first batch, to the Mumbai Taxi Union.

For its Indian operations, independent IT management software company CA has nominated Saurabh Srivastava as Chairman, effective from April 6, 2009.

Mr. Michael Christenson, President and Chief Operating Officer, CA made this declaration.

The 59th PTC India Ltd Board Meeting on Monday, April 5, was marked by the amendment of the decision taken by the company's board at the 57th meeting. The previous decision went thus: "subject to the approval of shareholders raising of funds up to Rs. 12 billion through the Qualified Institutional Placement - NCDs upto Rs. 4 billion; plus warrants of upto Rs. 8 billion."

Stock analyst Ashwani Gujral said that the stock markets have the potential to climb as higher prices draw more buyers.

Mr. Gujral also said that it is time to make entry in the stock market rather than being watchful.

Gujral said that as long as the Nifty is able to 3100–3150, the concluding objective could be seen around the 3700 mark.