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Weak pillars
Last week’s tragic accident at the construction site of Delhi Metro Rail Corporation (DMRC) has raised questions about the role of its contractor, Gammon India, in the mishap. The movement in Gammon’s share price reflects the market’s concern, given that it has underperformed the broader markets since the accident. While the share price took a severe beating as it plunged nearly 20 per cent intra-day on last Monday (July 13) after the accident (which occured on July 12), it later recovered during the day. However, through the week, the stock was down 7.5 per cent as against the 9.2 per cent rise in the BSE Sensex and 5-8 per cent rise in the share price of other construction companies.

Dabur plans big expansion in skin care, to launch new brand
FMCG major Dabur is stepping up expansion in the skin care segment, on the back of its acquisition of Fem Care Pharma last year, with plans to expand range of products from the latter"s stable besides launching a new brand of its own.

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Powerful, but pricey
While the growth visibility is reasonably good, the offer leaves no meaningful gains for investors in the near-term.
Business Ideas

Toyota mulls price hike of Corolla Altis, Innova

Toyota Kirloskar Motor (TKM) is considering a price increase in Corolla Altis and Innova due to rising input costs and fluctuation in exchange rates, the company said in a statement today. - Toyota receives 5,000 bookings for its SUV Fortuner - Fiat aims to sale 50,000 units in next fiscal - Audi August sales jump 69% - Maruti Suzuki sales surge 42% in August - Toyota targets 150 dealerships in India by 2010 - Hyundai to invest $40 mn for setting up R&D centre Meanwhile, TKM said it had received a "record" 5,000 bookings of the Fortuner in just over a month. TKM is trying to ramp up monthly production figures from 500 to 600 units to meet high customer demand and also plans to sell 2,500 units of the Fortuner in 2009 against the earlier announced target of 2000 units, it said. "As of now, TKM dealers have been advised to take orders without advance payments, while committing to a tentative date of delivery", the company said. TKM announced a 35 per cent growth in overall sales in August 2009 over the same month last year. The Corolla Altis has registered a 91 per cent rise in sales for January-August 2009 as against the corresponding period last year.


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