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TTML surges on record subscriber addition
The stock surged further to a high of Rs 37 - up 7%. The stock, however, slipped from the high and ended with a gain of 5% at Rs 36.30. Over 7.46 million shares changed hands at the counter today, comparatively higher than the two-week daily average trade of 1.56 million. http://smallpersonalloans.org.uk

Automatic digging
Facebook: Facebook is digging its moat deeper – only now it’s doing so on autopilot. The social networking firm has said before its operations throw off more cash than they consume. So news that operating profits also more than cover capital expenditures doesn’t surprise — until you realise the company added another 50m users over the past 3 months. This self-financed infrastructure build-out is significant.

News of the day

Last date for Metro Rail RFQ applications sale extended
The last date for sale and submission of request for qualification (RFQ) applications for the Rs 12, 132-crore Hyderabad Metro Rail project is extended till December 14, 2009, from the earlier November 27.
Business Ideas

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. - 26/11 case: Terrorists used outboat machine imported by Pak - Maruti rolls out 100,000th A-Star; Manesar achieves 500,000 mark - Maruti Suzuki to set up R&D base in Haryana - F&O OUTLOOK: Nifty likely to get support at 4,350-4,400 - Nifty likely to get support at 4,350-4,400 - Playing safe Motorcycles constitute about 76 per cent of all two-wheeler sales. For market leader Hero Honda, the ratio of urban to rural sales are roughly in the ratio 60:40. Analysts say most rural purchases of two-wheelers are largely by cash. “This segment could get impacted, should the monsoons be inadequate in the coming months, which could affect farm incomes,” says H S Goindi, president (sales) of TVS Motors. The other key factor is the repossession norm currently being deliberated by the Reserve Bank.


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