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Cotton use by mills down 2.4% on lower textile demand
Cotton consumption by domestic mills in 2008-09 (October-September) declined about 2.4 per cent year on year to 19.09 million bales (1 bale = 170 kg), due to a slowdown in domestic and global textile demand, according to the Cotton Association of India.

Sensex exhibits volatility
The Sensex has slipped further and is now at 16,242, down 110 points.

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Kingfisher's cost of operation is one of the lowest: Mallya
Operational cost of Kingfisher Airlines is among the lowest in the country and is comparable to that of budget airlines like SpiceJet, airline"s chief Vijay Mallya has said.
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Hero Honda to upgrade its models to meet BS-III norms

The country"s largest two-wheeler maker Hero Honda today said it will upgrade all its existing models to meet Bharat Stage-III emission compliant norms by the end of this financial year. - Volkswagen eyes 10% pie in Indian passenger car market - Eicher Motor to invest Rs 95 cr in India - Japanese automakers report output, export plunges in July - ManForce Motor plans to sell 4,200 units this fiscal - Mitsubishi"s HCV arm looks to enter India in 2-3 yrs - M&M looks to make US largest export market for SUVs, pick-ups "All bikes will be upgraded to BS-III by March 2010... some models already meet the norms, while the rest will be changed with some minor modifications," Hero Honda Motors Managing Director Pawan Munjal told reporters on the sidelines SIAM annual convention here. The company is also looking to launch a model which will be priced lower than its least expensive bike (100cc segment). "We have been seriously thinking for a low-priced product but very high in performance. Our engineers along with those from Honda are working on this," Munjal said. In the ensuing festive season, he said the company is confident of selling over six lakh units that it had sold in the same period last year.


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