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Govt rules out additional borrowings for 2009-10
The government today ruled out any increase in its borrowing programme for the current fiscal and said expenditure needs due to failed monsoon would be met with additional tax and adjustments within the budget.

US market ends firm; MTNL ADR up 3%
US markets advanced on Monday, sending indexes to fresh 13-month closing highs, after Federal Reserve Chairman Ben Bernanke reinforced expectations that interest rates would stay low to help growth.

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GE seeks sale of security unit
General Electric Co (GE) is seeking to sell its security unit, which builds surveillance cameras and alarms, and may fetch about $2 billion, people aware of the details said.
Public Company

Domestic passenger car sales jump 40% in Dec

Domestic passenger car sales jumped by 40.27 per cent to 1,15,268 units in December last year. - Total auto sales jump 68% to 1 mn units in Dec - Ku Klux Klan cartoon in Indian paper angers Australia - Race to lower car loan rate hots up - Subir Roy: An unbearable greyness">Subir Roy: An unbearable greyness - Ghosn overruling electric engineers - ICICI, Axis cut car loan rates Total passenger car sales were 82,174 units in the same month 2008. Motorcycle sales were up by 76.70 per cent at 5,92,596 units in last month compared to 3,35,370 units in the year-ago month, Society of Indian Automobile Manufacturers (SIAM) said at the 10th Auto Expo here. Total two-wheeler sales rose to 7,67,796 units in December 2009 from 4,60,852 units in the corresponding month in 2008, a growth of 66.60 per cent, SIAM said. The sale of commercial vehicles jumped by nearly three-fold to 48,614 units in the month compared to 17,897 units in the same month previous year, it added. The total auto sales were 10,00,500 units in December against 5,97,241 units in the same month in 2008.


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