TopNews

The troubled and tensed oil goliath, once upon a time, BP expressed that seepage has been noticed in the Gulf of Mexico which might not be linked to its waft out from the Macondo well, which has triggered off the largest offshore oil spill in the history of U. S.

According to the Spokesman Robert Wine on Monday the BP engineers were the informers of the information provided for the comments via government's big shot officials supervising the trickle retort attempt, Admiral Thad Allen that a dribble was found from an expanse from the well.

There is some good news from the trading side as the export figures of India begin to improve. As per the information given by Rahul Khullar, Commerce Secretary India's exports grew by a healthy 30.4 per cent for the month of June.

In real term it stood at $17.75 billion which is much higher than for the same month last year.

At that time the figure was at $12.81 per cent which meant that it had shrunk by 27.7 per cent. This was clearly the impact of the global meltdown but it must be considered that the same has taken a big U-turn.

For the quarter ending June 30, 2010, Escorts Limited said that it has seen a 106 per cent in net profit. In terms of money it comes to Rs. 458 million which is higher than Rs.222 million in the corresponding quarter of the last fiscal.

Profit before tax (PBT) of the agri-machinery making company was at Rs.684 million as against a profit of Rs. 414 million in the same quarter of last fiscal. Net sales during the period, increased by 38.5 per cent, to end at Rs. 8.06 billion; as against Rs. 58.2 billion; in the last fiscal.

The leading UV maker in the Indian market, Mahindra & Mahindra is putting in every effort to ensure that it takes it s sedan Logan in the Indian market to new heights.

Dealing with dwindling sales for the past many months, M&M has been very aggressive in its approach over the past few months (read: after buying the JV stake from Renault) to boost Logan's sales in the Indian market. In fact, under a recent move, the company has launched an ad campaign for the Logan with a new brand positioning strategy that focuses on two needs of Indian car consumers: mileage and space.

While the Bajaj-Renault-Nissan partnership has been official as all the parties have recently signed an agreement to develop a ultra-low-cost (ULC) car for the Indian market but it has been learned from the sources that it can also face a situation where the partners can even confine their relationship to sharing a platform which will produce vehicles for their exclusive needs.

With a view to keep up with the rising automobile demand in the Indian pre-owned car market, M&m recently said that the company is planing to hire over 250 people by 2015 for its pre-owned vehicles business. Keeping in mind the fact that the company is the leading multi-brand pre-owned car company in the Indian market, the optimism on the segment is very much obvious as the sales in the automobile industry is rising by leaps and bounds.