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Ashok Leyland JV to produce die castings
Commercial vehicle manufacturer Ashok Leyland’s associate company, Ashley Alteams India Pvt Ltd (AAIPL) will commence manufacturing high pressure die castings. The production of the castings, which will primarily be for the telecommunications and automotive sector, will begin next month at the company’s new facility in Chennai.

D-Street stares at high volatility
With no new trigger expected on the domestic front, Dalal Street is likely to remain choppy, as investors will continue to offload stocks at higher levels, say analysts.

News of the day

Somany Ceramics PAT doubles at Rs 5 cr in Q1
Somany Ceramics, one of the leading ceramic manufacturer in India, the profit before tax recorded an increase of 105.5 per cent rising to Rs 5.28 crore from Rs 2.57 crore in the same period last year. The company reported an increase of 19 per cent in net sales to Rs 99.59 crore as against Rs 83.75 crore in the corresponding quarter last year.
Public Relations

Tepid bonus ratio disappoints Guj NRE shareholders

The stock finally ended near the day"s low at Rs 66.40 - down 3.8%. Around 2.23 million shares changed hands at the counter today. _______________________________________________ UCO Bank seeks shareholders" nod for fund raising Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit The stock opened at Rs 70 and started slipping from there. The stock is now down 3.5% at Rs 66.70. Over 1.20 million shares have been traded on the BSE so far. The stock however had soared after the company announced its plans to issue bonus shares on September 7, 2009. The stock gained 26% from Rs 54.65 to Rs 69.05 last week. The company has recommended issue of one bonus share with differential voting rights (DVR) for every 10 equity shares held. Earlier in November 2008, the company had given two bonus shares for every five equity shares held and this is the sixth bonus issue in seven seven years.


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