JK Tyre & Industries, a leading automobile tyre manufacturer, sketched an investment plan worth Rs 270 crore for expanding its production capacity of off-the-road (OTR) tyres by 2011.
The company currently has 42 per cent share in the 95,000-units domestic OTR market in the country, which are used for application like mining and excavation.
The Indian market finally breaks its three days losing streak, and settled the day with handsome gains.
On Thursday, the domestic benchmark Index opened the day marginally up, but suddenly it turned volatile tracking mixed cues from the markets all over the world.
However, after touching intraday low, the benchmark indices bounced back on good buying interest. After that, the market didn't turn back and continued to extend its gains tracking recovery in the Asian markets.
Indian drug maker Piramal Healthcare Ltd, which is presently scouting for acquisitions in the US and Europe, expects the same level of growth during the current fiscal year as it witnessed in the in FY09.
The company expect to buy 2-3 companies in advanced markets like the US and Europe.
Apart from acquisitions, the company has also decided to hire 300-400 professionals in the super-specialty marketing division, by the end of this year across the country, taking its total employee base to 7,400.
Washington - US stocks gained Thursday after energy, technology and tourism firms posted smaller-than-expected losses despite the deep, ongoing US recession.
Marriott International Inc, the largest US hotel chain, posted a net loss of 25 million dollars in the first quarter, largely on one- time restructuring costs that signalled the company was on its way back to profits. Marriott shares jumped 12 per cent.
Mahindra & Mahindra Financial Services Ltd, the wholly-owned subsidiary of automotive giant Mahindra & Mahindra, has posted a net profit of Rs 109.95 crore for the quarter ended March 31, 2009 as compared to Rs 76.90 crore for the quarter ended March 31, 2008.
In addition, the company has also registered jump in its total income from Rs 364.09 crore for the quarter ended March 31, 2008 to Rs 401.50 crore for the quarter ended March 31, 2009.
In response to a petition, about black money stashed in foreign banks, filed in the Supreme Court by ex-Law Minister and renowned jurist Ram Jethmalani and five others, the Additional Solicitor General, Gopal Subramanium, has promised an explanation about the measures taken by the government within 48 hours!
JK Tyre & Industries, a leading automobile tyre manufacturer, sketched an investment plan worth Rs 270 crore for expanding its production capacity of off-the-road (OTR) tyres by 2011.
The Indian market finally breaks its three days losing streak, and settled the day with handsome gains. 
Indian drug maker Piramal Healthcare Ltd, which is presently scouting for acquisitions in the US and Europe, expects the same level of growth during the current fiscal year as it witnessed in the in FY09.
Washington - US stocks gained Thursday after energy, technology and tourism firms posted smaller-than-expected losses despite the deep, ongoing US recession.
Mahindra & Mahindra Financial Services Ltd, the wholly-owned subsidiary of automotive giant Mahindra & Mahindra, has posted a net profit of Rs 109.95 crore for the quarter ended March 31, 2009 as compared to Rs 76.90 crore for the quarter ended March 31, 2008. 
In response to a petition, about black money stashed in foreign banks, filed in the Supreme Court by ex-Law Minister and renowned jurist Ram Jethmalani and five others, the Additional Solicitor General, Gopal Subramanium, has promised an explanation about the measures taken by the government within 48 hours! 
