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TCS eyes $1-bn Indian revenue
Even as its US business has been impacted by the recession, Tata Consultancy Services, India’s largest information technology services provider, expects its India revenues to double to $1 billion in the next three-four years, majorly coming from the government sector. India currently contributes 10 per cent to TCS’ total revenues.

Tata Motors plans 25K Jaguar XJs a year
Tata Motors Ltd will build as many as 25,000 Jaguar XJ luxury cars annually, starting next quarter, in a bid to take customers from Bayerische Motoren Werke AG’s 7 Series and Daimler AG’s Mercedes S Class.

News of the day

3G: Fitch studying revenue impact on Bharti
Even as the government is gearing up to auction radio waves for the next generation mobile services, credit rating agency Fitch today said it is closely monitoring the impact of the cost for pan-India 3G licence on the revenues of Bharti Airtel.
International Business

Hero Honda: All in the Hero Honda: All in the Shobhana Subramanian / Mumbai September 9, 2009, 0:42 IST

Markets extend losses in noon trades Two people killed at Coromandel's Kakinada plant Also, while Hero Honda currently commands a market share of 59 per cent for motorcycles and has a firm grip on the 100cc entry segment, Bajaj Auto, which recently re-entered the space, has done well to sell 48,000 vehicles in the very first month. Nevertheless, Hero Honda plans to go ahead with launches of upgrades of some of its models in the next six months and with the economy on the mend, volumes in the current year should go up by about 10-12 per cent; they were up 12 per cent on a smaller base last year. Given its pricing power, revenues, analysts estimate, could increase by at least 17-18 per cent over the Rs 12,319 crore posted last year. In the June 2009 quarter, revenues increased 34 per cent year-on-year to Rs 3,811 crore. Lower raw material costs should help operating profit margins sustain at levels of 16.5 per cent. At the current price of Rs 1,668, the stock trades at 18 times estimated 2009-10 earnings which is not cheap.


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