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M&M surges 2.4 per cent
The stock gained 2.4 per cent to Rs 1,178.15, a lifetime high, after the company announced more than 100 per cent growth in its domestic auto sales for the month of December 2009. The domestic auto sales stood at 22,754 units, as against 10,253 units in December 2008, up 2.22 times.

Adhunik Metaliks raises Rs 137 cr via QIB issue
Steel products maker Adhunik Metaliks today said it will raise over Rs 137.13 crore by issuing around 1.39 crore shares to qualified institutional buyers (QIB).

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Engg goods exporters pitch for tax sops, simpler rules
Exporters of engineering goods, which contribute over 40 per cent to the country’s total exports, have urged the central government that incremental exports be exempt from tax for three years, with the base year being 2008-09.
Management

Abdullah wants Govt to take up Ladakh land issue with China

Expressing concern over reports of China taking substantial portion of land in Ladakh, Union Minister Farooq Abdullah today said the Centre should take up the matter with Beijing at the earliest and sort out the boundary dispute. - RS members angry over China objecting to Ladakh border road - NREGS road work halts in Leh after China army objects - Centre for renewable energy plan in Ladakh - Escape routes - First day, first show - Equally expensive "This seems to be happening for the last 25 years. One cannot be absolved of the responsibility by just merely saying that the Line of Actual Control (LAC) has not been demarcated," he said. The former Chief Minister said the Government of India should hold talks with China at the earliest and solve the boundary dispute. "Now this boundary dispute cannot hang in balance for eternity. Earliest, the best," Abdullah said. Asked whether he had come to know about the Chinese incursions during his tenure as Chief Minister, he said "this has started coming out in the public domain only in the later part of last year. The remarks of the Union Minister came in the wake of a news report that area along Line of Actual Control with China has "shrunk" over a period of time and India has lost "substantial" amount of land in the last two decades.


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