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Nano vendors will shift to Sanand by March
Nearly 60 vendors will move to the vendor park at Tata Nano’s Sanand plant by March next year. The rollout of the car is set for the January to March quarter, and vendors will feed the plant at existing locations till they shift.

Religare Enterprises to raise Rs 1,850 cr via rights
Financial services provider Religare Enterprises today said it would raise Rs 1,850 crore through rights issue.

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US forgoes $38 bn in tax over Citi: report
The US government quietly agreed to forgo about $38 billion in potential tax payment from troubled financial giant Citigroup as part of a deal that help the company repay bailout funds, a media report has said.
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Natco Pharma, Apollo Hospitals, Sundram Fasteners & Emami Q2 result

Natco Pharma net up 13% Hyderabad-based manufacturer of integrated pharmaceutical and bulk chemicals Natco Pharma Ltd reported a net profit of Rs 13.37 crore for the second quarter ended September 30, compared with Rs 11.87 crore in the corresponding quarter last year — a growth of 12.63 per cent. Jan cement sales in high double-digit Apollo Hospitals net up 13% Apollo Hospitals Enterprise Ltd (Apollo Hospitals) has reported a net profit after tax of Rs 34.06 crore for the quarter ended September 30, against Rs 30.13 crore in the same period last year — an increase of 13 per cent. While the group’s health care business continued to report a profit (Rs 64.01 crore compared with Rs 49.98 crore a year ago), the pharmacy business continues to report a loss (Rs 3.70 crore compared with the Rs 3.50-crore loss last year). Sundram Fasteners net at Rs 19 cr Sundram Fasteners has reported a net profit after tax of Rs 18.87 crore for the quarter ended September 30, against Rs 9.17 crore in the same period last year. Total income dropped to Rs 331.44 crore from Rs 388.37 crore — a drop of around 14 per cent. Emami PAT doubles to Rs 28.66 crore Personal-care major Emami’s net profit stood at Rs 28.66 crore for the quarter ended September 30, 2009, more than doubling from Rs 13.47 crore in the corresponding quarter of the previous financial year. Emami’s net sales at Rs 211.73 crore for the quarter, too, saw a growth of 66 per cent from Rs 127.79 crore in the corresponding previous.


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