TNM

MAN To Hike Its Stake In Force India JV To 50%

MAN To Hike Its Stake In Force India JV To 50%Force Motors has announced that it would sell up to 14.5 per cent stake in its joint venture with Germany's MAN Nutzfahrzeuge for about Rs 300 crore. The move would enable the German auto firm to raise its stake in the JV to 50 per cent.

Experts believe that the proposed change in the equity structure of the JV would take place in two steps. First, Force will sell 14.2% stake to MAN for Rs 300 crore. Through a rights issue, MAN will later fill Rs 250 crore in the JV. Force will abstain from subscribing to the issue. As a result, MAN's stake will go up to 50% from the current 30%.

Television and Internet has Negative impact on Children’s Health

Television and Internet has Negative impact on Children’s Health

Resident Doctors Need more Sleep

Resident Doctors Need more SleepA report has said that to ensure patient safety medical residents should get a five hour sleep break after working for 16 hours. The Accreditation Council for Graduate Medical Education (ACGME), in 2003 has set hours for residents where they work no more than 80 hours a week over a four week average, and do no more than a 30 hour straight shift with a 10 hour break for sleep. The latest recommendations by The Institute of Medicine say residents should get a five hour sleep break after working a 16 hour shift to ensure quality of work as well as patient safety.

Generic Heart Drugs as Effective as Brand Names

Generic Heart Drugs as Effective as Brand NamesAccording to a new review, generic heart drugs are just as good as brand name drugs at a fraction of the cost. The generics have the same active ingredient as their brand-name counterparts, though they may differ in color or shape, and cost anywhere from 30 to 80 % less, despite which some doctors and patients hesitate to use generic drugs preferring brand names.

Buy Tata Steel

Buy Tata Steel Stock market analysts have maintained ‘buy’ rating on Tata Steel stock with an intraday target of Rs 160.

According to them, interested traders can purchase the stock above Rs 148 with a strict stop loss of Rs 140. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 165.
 
Shares of the company, on Tuesday (Dec 02), closed at Rs 148.65 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 1706821. Current EPS & P/E ratio stood at 75.97 and 2.13 respectively. The share price has seen a 52-week high of Rs 952 and a low of Rs 146.35 on BSE.

Deshmukh to Meet Sonia today

Deshmukh to Meet Sonia todayMaharashtra Chief Minister Vilasrao Deshmukh will meet Congress Chief Sonia Gandhi on Tuesday evening in the wake of his offer of resignation following the Mumbai terror attacks.

Deshmukh will leave for Delhi after meeting President Prativa Patil, who is currently in Mumbai.

Deshmukh will hold talks with Congress President Sonia Gandhi as well as senior leaders including A K Antony, who is in-charge of party affairs of Maharashtra and also Gandhi's political secretary Ahmed Patel.

The discussions on the issue of successor to Deshmukh have gained momentum after these developments.

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