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M&M utility vehicle sales grow 36.75% in September
Auto major Mahindra & Mahindra today reported 36.75 per cent growth in domestic sales of its utility vehicles (UV) in September at 21,961 units against 16,059 units during the same month last year.

SBI Canada's biz grows by 22% in 2008-09
Despite the global economic slowdown, State Bank of India (Canada), a subsidiary of SBI, saw an overall business growth of 22 per cent in July 2008 to June 2009, although its profit slightly went down, a top bank official said here on Thursday.

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Daiichi Sankyo to raise $1 bn through bonds issue
Japanese drug maker Daiichi Sankyo, the majority shareholder in Indian pharma major Ranbaxy Laboratories, plans to raise 100 billion yen (about $1.04 billion) through public issue of bonds.
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DoT may penalise 4 foreign telcos

The government is contemplating slapping penalty on four foreign telcos, including AT&T, MCI and BT, for allegedly circumventing licence norms that may have caused revenue loss to the Government. "The Committee of directors has observed that the foreign MNCs --AT&T, BT, Equant and MCI (Verizon) have procured the ILD services from the licenced operators-- VSNL, Reliance and Bharti and provided to the customers in India. These MNCs have also issued bills and realised revenues from customers in India," said an internal panel of department of Telecom.


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