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Ruia Group acquires 60% stake in Henniges Automotive Grefrath
Kolkata-based Pawan Kumar Ruia Group, which owns Dunlop India, today said that it had acquired a 60 per cent stake in Germany"s Henniges Automotive Grefrath GmbH, a supplier of automotive sealing systems to leading carmakers, for an undisclosed sum.

'Break-even will be sooner than expected'
Sidhartha / Mumbai December 25, 2009, 0:43 IST

News of the day

FMCG: Shining, even without rain
Despite concerns about a less-than-normal rainfall, the BSE FMCG Index continues to outperform the market. Over the past month, the index has risen by 8 per cent whereas the BSE Sensex has lost 8 per cent. The monsoon does impact private consumtption, although to a much smaller extent than in the past. Also, it has been seen that in years of deficient rains, revenues of FMCG firms hardly grow.
Corporate

Eicher Motors gains on strong Q1 performance

The stock extended gains and surged to a new 52-week high of Rs 360 - up 6.5%. It finally ended at Rs 355, up 4.7%. The counter clocked comparatively heavy volumes of 15,401 shares as against its two-week daily average trade of 3,486. __________________________________________________ FIIs net bought Rs 737 crore in F&O on Monday F&O OUTLOOK: Downside limited from current levels US markets end in the green The stock opened at Rs 342 and surged 4% to its new 52-week high of Rs 352. It is now trading at Rs 350, up 3.5%. The stock has gained 159% from its 52-week low of Rs 135. Around 9,815 shares have been traded at the counter on the BSE so far. The fourth-largest commercial vehicle manufacturer in the country, Eicher Motors, reported on Saturday a 276% rise in its net profit for the second quarter ending June 2009 to Rs 19.79 crore, against the Rs 5.27 crore earned for in the similar period last year. Net sales for the April-June quarter increased by 11% to Rs 617.48 crore.


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