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State-run BEML (Bharat Earth Movers Ltd) has declared its year-end quarter financial results for the fiscal year 2009-10 and has reported a decline in net profit figure in this year.

The company has posted a net profit of Rs.223 crore for the year that ended on 31st March, 2010. The company has said that there has been a decline of 17% in this year under review, against the preceding year.

The company has posted a net profit of Rs.157 crore for the quarter that ended on 31st March, 2010.

A 15-year-old title drought for India has come to an end. India has registered an emphatic victory over Sri Lanka in the final of the Asia Cup cricket tournament played at Dambulla.

Last time, India had lifted the cup in the year 1995 defeating Sri Lanka at Sharjah under the captaincy of Mohammad Azharuddin. The defending champions, Sri Lanka, were crushed by 81 runs in a lop-sided final match.

Batting first, the Indians have made 269 runs in their 50 overs. Dinesh Karthik was the top scorer for the Indian innings. He scored 66 runs. In the middle order, Rohit Sharma made 41 and the skipper Mahendra Singh Dhoni scored
38 runs.

As the world sings Jai Ho for A R Rahman, the Oscar awarded musical maestro is on a world tour across US, Canada, France, Switzerland, Holland and Britain. He has so far performed to his par excellence in New York, Atlantic City and Chicago.

Country's second-largest carmaker, Hyundai Motor India (HMIL) recently said that it is targeting a growth of close to 15% in the domestic market in the current calendar year. According to Arvind Saxena, Director - Sales & Marketing, Hyundai Motors India, the company expects the automobile market in India to grow by 15-18% in 2010 and the company is hoping to grow by a similar number in order to retain its market share in the Indian market.

The Indian subsidiary of the Korean automaker, Hyundai Motors has recently announced that the company will be launching its SUV Santa Fe in the Indian market by the month of October this year.

Senior director of the company, Y K Koo recently said that the Santa Fe may well be launched in the second half of the year i.e. may be around the month of October. Koo also pointed out the fact that its price can be in the range of Rs 20 lakh to Rs 22 lakh, which will be very competitive in its segment.

Country's largest exporter of passenger cars and the second largest carmaker, Hyundai Motor India recently said that the company may look at the option of relaunching the premium sedan, Elantra in the Indian market, which was phased out in 2007.

It is to be mentioned here that the product was phased out because of the fact that it wasn't able to make its presence in the Indian market and gained a poor consumer response. Company's Senior Director Y K Koo recently said that the company is weighing the option of relaunching the product in the Indian market.