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Telecom users cross 500-mn mark before targeted date
The total telecom subscriber base in India crossed 500 million at the end of September, taking the overall teledensity to 43.5 per cent. India is the second-biggest and fastest market for wireless services, behind China, which has over 600 million users.

Hyundai net jumps 104% in 2009 on India, China sales
Riding on back of brisk sales in India and China, Korean car major Hyundai Motor Company today said its net profit for the year 2009 zoomed by 104.5 per cent at 29.615 trillion won (about Rs 1,18,950.16 crore) from the previous year.

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Teva Pharma recalls anti-anxiety drug Propofol
US drug maker Teva Pharmaceuticals has voluntarily recalled Propofol Injectable -- a drug used in the treatment of anxiety -- following incidents of side effects on patients.
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Sona Koyo Steering Q2 net at Rs 3.71 crore

Auto component maker Sona Koyo Steering Systems reported an unaudited profit after tax (PAT) of Rs 3.71 crore for the quarter ended September 30. - Dabur net up 31%; declares 75% interim dividend - Wyeth profit declines 25%; appoints Kewal Handa as MD - Welspun-Gujarat Stahl net jumps two-fold to Rs 165 cr - IDBI Bank net surges 56% to Rs 254 cr - Aban Offshore net rises 7% to Rs 87 cr - OBC Q2 net up 14% at Rs 271 cr The company had incurred a loss of Rs 7.32 crore in the corresponding period last fiscal, Sona Koyo said in a statement. The unaudited net sales during the second quarter also increased by 12 per cent to Rs 200.38 crore from Rs 178.91 crore in the year-ago period, it added. The company attributed its jump in PAT to the resurgent market scenario on the back of increased car sales in the domestic market. Sona Koyo Steering Systems, the flagship firm of the Sona Group, is the country"s largest manufacturer of steering systems.


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