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Riding on the back of impressive sales, country's second largest two- wheeler maker Bajaj Auto has recently said that its board has recommended a bonus issue for the investors of the company as it announced its whopping results for the first quarter of this fiscal.

Moreover, the net profit figure got almost double, the PAT for the company stood at Rs. 590.15 crore as the net profit in the corresponding quarter last year was at Rs 293.49 crore.

Bajaj Auto said in a statement that it is fourth consecutive quarter for the company where it has declared record results in its history.

There might have been quite a few instances where the Chairman of the second-largest two-wheeler major, Bajaj Auto, Rahul Bajaj may have shown his dismay over the decisions taken by his son or the MD of the Bajaj Auto, Rajiv Bajaj but the senior patriarch has recently said that he is very happy the way Rajiv is leading the company.

Rahul Bajaj especially pointed to the fact where he praised the impeccable performance of the company in the last fiscal.

The European Banking Supervisors Committee shall issue the outcome of its bank stress tests on Friday at 6 p. m. according to a European Commission spokesman on Thursday.

The statement made by the commission, the European Union's executive wing, enters as few EU watchdogs are approaching to print the stress-test results by 8 a. m. on Friday to shun the releasing them whilst the U. S. markets, that offers trading sessions in American depository receipts of European banks, are still released.

With a view to keep up with its commitment to the Indian market, GM India has recently showcased its entire portfolio of products at the International Auto Show in Hyderabad at Hyderabad International Convention Centre from July 22 - 25, 2010.

Be it the Chevrolet Captiva, Spark or the Beat, all the offerings from the GM portfolio will be on display at this much-awaited motor show. P Balendran, Vice-President, General Motors India said that the Hyderabad motor show has provided the company with an attractive opportunity to get more close to its consumers and gain insights about the buying behavior.

The German luxury car maker, Mercedes Benz has recently said that the company will soon be starting its operations on the second shift at its Chakan greenfield facility. It is to be mentioned here that the luxury carmaker has invested close to Rs 200 crore, to meet the increased demand in the Indian market.

Mercedes-Benz India Management Board -Member (Sales and Marketing) Director Debashis Mitra recently said that the company will soon be starting operations on the second shift at its Chakan unit which is very much capable of producing close to 5,000 units a year.

In a move that shows the commitment of the conglomerate, M&M toward the Indian tractors market, the company has recently introduced its range of tractor brands with the Bharat (Trem) stage III A in the Indian market.

It is to be mentioned here while the implications for the emission norms will only be applicable on the 1st October of this year, the company has pro-actively launched its new line-up of product offerings in the Indian market.