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Transformational IT
Business Standard / New Delhi July 1, 2009, 0:30 IST

Mittal may announce K'taka steel proj tomorrow
Steel czar L N Mittal may announce his company ArcelorMittal"s Rs 30,000-crore steel project in Karnataka tomorrow after his meeting with the state Chief Minister B S Yeddyurappa.

News of the day

SRF commissions polyester ind yarn project
SRF Ltd has commissioned its project for manufacturing polyester industrial yarn at its Gummidipoondi plant in Tamil Nadu. The project has a capacity of 14,500 tonnes per annum and had been set up at a cost of around Rs 186 crore, it said in a filing to the Bombay Stock Exchange.
Management

Bajaj Auto expects rise in sales on better demand

Bajaj Auto today said it expects an increase in the company"s sales volume on account of better demand during the festive season. - BPCL"s Bina refinery to be completed before year-end - Bajaj Auto aims 10% growth in commercial auto division - GST: Exempted list likely in October - PSU oil firms lose Rs 4 a litre on petrol sales - Bajaj Auto Fin to seek shareholders nod for MF biz - Govt wants states to pay SAP differential "We expect the credit market to improve and the upcoming festive season to contribute in improving our sales. However, the monsoon remains a factor and we are closely watching the situation," Bajaj Auto Vice-Chairman Madhur Bajaj told reporters on the sidelines of Federation of Automobile Dealers Associations function here. He said the company is gearing up to launch some new models in both the two-wheeler and the three-wheeler categories, but did not divulge details. "The monsoon has somewhat dampened the two-wheeler market and it has impacted our company also. However, we expect sales to improve in the coming months," Bajaj added.


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