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Maruti to expand vehicle prod capacity at Manesar plant
Maruti Suzuki will expand its passenger vehicle production capacity at Manesar by around 2 lakh units over the next 2 years.

IRB Infra jumps on highway deal
The IRB Infrastructure Developers scrip rose 6 per cent to Rs 148.15 on securing a highway project in Rajasthan. The company emerged as the lowest bidder for the highway project to be built between Jaipur to Deoli section of NH12. The Rs 1,500-crore project is on a grant basis with a concession period of 25 years. It has sought a grant of Rs 306 crore for the project from NHAI.

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Sun Pharma profit dips 11.49%
Sun Pharmaceutical Industries, India"s largest drug firm in terms of market capitalization, posted a 11.49 dip in net profit during the quarter ended September, compared to the same period last year, due to regulatory issues and the resultant loss of revenue for its US subsidiary Caraco Pharmaceuticals.
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BCCI finds no Sahara for India

With no takers for the sponsorship of the Indian cricket team, the Board of Control for Cricket in India (BCCI) is now looking at alternatives — either to go for re-tendering with a lower base price or renegotiate a contract with the Sahara group, which currently holds sponsorship till December. - IPL team owners may hold back franchise payment - Advertisers stump BCCI on sponsorship - BCCI expands the field for IPL 2010, adds two teams - Mumbai ODI washout hits Oriental Insurance - BCCI opens bidding for 10-yr IPL theatre rights - Cricket sponsorship keeps some biggies in the pavilion While the Sahara group declined comment, BCCI sources said one alternative would be to renegotiate with them for another four years at virtually the same price or slightly lower. As a negotiating stance, the agreement with Sahara could be extended for three months at the current rate. “The best bet will be to renegotiate with Sahara at the current price or maybe slightly lower, or re-tender at a lower base price. We have not taken a final decision on this,” said a BCCI source. Sahara had forked out over Rs 425 crore in the four years (they had won the bid for Rs 313 crore), as the number of matches increased in comparison to the original plan. Sources dealing with Sahara said they might not agree now, as they find “the price already too high”. The other alternative is to go for re-tendering at a base price lower than the Rs 510 crore fixed currently. When asked what the BCCI intended to do, Lalit Modi said: “I will not talk to you on this issue.” Today was the last date to submit bids for the sponsorship of the Men in Blue, but with no takers for the Rs 5-lakh forms till November 23, the board had no choice but to postpone the tendering. Advertisers were expected to show a bank guarantee of Rs 48 crore as well, during tender submission. Media planners said their clients were willing to pick up the contract but at cheaper rates — Rs 1.5-2 crore per match. “Clients would be interested to pay between Rs 255 crore and Rs 340 crore for the matches. But at Rs 3 crore per match, it is too expensive,” said a senior executive of a leading media buying agency.


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