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M&M banks on Bolero brand to increase Maxi Truck reach
Utility vehicle maker Mahindra & Mahindra(M&M) is banking on leveraging its popular Bolero brand to expand its presence in the pick-up segment, where it is currently the market leader with an 85 per cent market share.

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Reading Raju's mind
On January 7, Ramalinga Raju confessed to his monumental fraud. He had, Raju said in a letter to the stock exchanges, cooked Satyam’s books for seven long years — revenue, profit, bank balance et al. Raju was soon arrested and put in the Chanchalguda prison. The Union government swung into action. A board was appointed to manage the affairs of the company. In a matter of months, Satyam was sold to Tech Mahindra.

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Glenmark recovers partial losses
The stock recovered some of its losses to finally end at Rs 258, down over 2% from the previous close. Around 691,753 shares were traded on the BSE as compared to the two-week daily average traded volumes of 698,158 shares on the BSE.
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Rane Brake Lining Q1 net profit soars three fold

Auto component maker Rane Brake Lining today reported an over three-fold increase in its net profit at Rs 2.66 crore for the quarter ended June 30, 2009. - Merck Q2 net down 34% at Rs 12 cr - Pennar Q1 net profit at Rs 38 crore - TCS Q1 net up 19% at Rs 1,534 cr - Nokia posts 66% fall in Q2 profit at euro 380 mn - Exide Industries June qtr net up 49% at Rs 122 cr - SIB Q1 net up 56% at Rs 60 cr The net profit for the first quarter during the last financial year stood at Rs 80.13 lakh, the company said in a statement. The total income also rose 5.41 per cent to Rs 53.09 crore in the latest quarter from Rs 50.37 crore in the year-ago period, it added. The company has its manufacturing facility at Tiruchy in Tamil Nadu. Some of its major clients include Mahindra & Mahindra, General Motors, Maruti Suzuki India and Tata Motors.


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