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Welspun up 5%
BS Reporter / Mumbai October 28, 2009, 0:17 IST http://smallpersonalloans.org.uk

Two-wheeler sales rise 20 per cent
Sales of two-wheelers in the month of July grew by 20.1 per cent over the same month last year, at 719,668 units, the highest growth till date in 2009–10. This strong growth comes on the back of Hero Honda, which has around 60 per cent of the market share, Yamaha, and Suzuki posting double-digit growth for the month.

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Hyundai Motor December sales up 22%
Hyundai Motor India Ltd, the country’s second largest car manufacturer and the largest passenger car exporter ended the year on a high note with domestic sales growing by 42.6 per cent while exports grew by 9 per cent, said a company press release. Cumulative growth stood at 22.6 per cent for the month ending December, 2009.
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IOL Netcom gets board nod to raise Rs 1,250 cr

Internet services provider IOL Netcom today said its board has approved to raise Rs 1,250 crore by various funds raising options. - Fiat may manufacture LCVs in India - Aditi Phadnis: Cash and carry CM">Aditi Phadnis: Cash and carry CM - India-born scientist gets Nobel - IOL Chem gets nod to export painkiller to Canada - Cadila-Novavax JV can produce 250 mn doses of H1N1 vaccine - Belarus capital mulling to install Gandhi"s statue The board of directors at its meeting held on October 31, has approved to raise an amount totalling to Rs 1,250 crore by different fund raising routes including issuing foreign currency convertible bonds, private placement of shares, IOL Netcom said in a filing to the Bombay Stock Exchange. The company would raise Rs 450 crore by issuing foreign currency convertible bonds, Rs 200 crore by private placement of shares with qualified institutional buyers, Rs 300 crore by way of American depository receipts and Global depository receipts and Rs 300 crore by way of allotting non-convertible debentures, the filing added. Shares of IOL Netcom closed at Rs 28.40 on the BSE, up 2.16 per cent from its previous close.


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