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Bajaj Auto: Obvious move
Analysts say the company has not focused enough on the scooter segment as it saw bigger opportunity in motorcycles.

India adds 15 mn new wireless users in August
A record addition of 15 million wireless telephone users in August has catapulted the total subscriber base in the country to 494.07 million, closer to the government’s 2012 target.

News of the day

Govt approval on price mandatory: RIL to SC
Hearing in the gas row between the Ambani brothers entered the final phase in the Supreme Court today with Mukesh Ambani Group Reliance Industries (RIL) asserting that government approval on gas pricing is mandatory, a contention opposed by the Anil Ambani-led Reliance Natural Resources (RNRL).
Public Company

Two foreign funds sell UB Holdings' shares worth Rs 47.74cr

Two private foreign fund investors have sold shares, worth Rs 47.74 crore, of Vijay Mallya-led United Breweries Holdings through open market transactions. - United Spirits shareholders approve raising $350 mn - Kingfisher returns 19 leased aircraft in 10 months - United Spirits PE deal unlikely to sail through - Kingfisher gets tough on non-performing employees - UB mulls to raise $300-350 mn to reduce debt burden - MCF to invest Rs 500 cr in retail foray Deutsche Securities Mauritius and Crown Capital in two separate bulk deals sold 22 lakh shares, aggregating to Rs 47.74 crore, of United Breweries Holdings, according to the bulk deal available on the National Stock Exchange. Further, on the Bombay Stock Exchange, Deutsche Securities Mauritius sold 30 lakh shares of another UB group firm United Breweries at Rs 142 per share, totalling to Rs 42.60 crore. In a separate deal, Morgan Stanley Management sold 26.36 lakh shares of public-sector lender Union Bank at a price of Rs 244.81 a peice, aggregating to Rs 64.54 crore.


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