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Truck prices moving north
Commercial vehicle makers including Tata Motors, Volvo and Ashok Leyland have hiked or are considering raising prices of trucks by up to four per cent this month to offset rising input costs, even as the segment saw return of demand.

Nestle India posts robust growth in Jan-Sept
Despite the economic slowdown, Nestle India, the food and beverages major, registered net sales of Rs 3,780 crore for January-September 2009, a 17 per cent jump as compared to the same period a year earlier.

News of the day

Ball to start rolling for 3G auction tomorrow
Finally starting the process to auction 3G spectrum to potential telecom operators, the government is likely to issue guidelines giving details about the number of blocks to be sold and other related information.
Public Company

Swiss cement maker Holcim sees 'satisfactory' biz in India

Swiss cement maker Holcim today said its strong presence in emerging markets, including India, has helped the company balance the fall in earnings in other regions. - Holcim Q1 slumps 80%; sees strong sales in India - Ambuja net marginally rises by 2.4% - Holcim mulls more quality assets buy in India - Cement oversupply coming, says ACC - 85% of global executives think risk mgt necessary: Accenture - "Govt needs to spend more on social sector" Holcim has significant stakes in Indian cement makers ACC and Ambuja Cements. "Some markets like the US, Spain and Eastern Europe are still difficult. On the other hand, in Asia – eg in India – and in Latin America, Holcim sees a quite satisfactory trading acitivity. "All in all, the strong presence in emerging markets has slowed down the negative EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) growth," Holcim said in a statement today. Noting that there was no reversal of the underlying economic trend visible up to May, Holicm said that the trading activity remained restrained. The Swiss entity reiterated that 2009 would turn out to be a difficult year. Meanwhile, the company plans to raise as much as 2.1 billion Swiss francs (about $1.93 billion) through a rights issue.


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