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Satyam gets notices for Rs 1,230 cr worth claims
Mahindra Satyam today said it has received legal notices for claims totalling Rs 1,230.40 crore from as many as 37 companies, to whom it has replied terming these claims as "legally untenable".

Govt denies ombudsman for telecom sector
The government today ruled out appointing an ombudsman to redress the complaints of poor mobile telephony services, like call drops, saying state-run BSNL and MTNL were taking effective steps to upgrade technology.

News of the day

FDC closes buy-back offer; promoters' stake rises to 65.76%
Drug maker FDC today said it has bought back shares worth Rs 17.78 crore from its shareholders, following which the promoter group"s holding in the company has increased to 65.76 per cent.
Management

Tata Motors sales jump 77% in January

Automaker Tata Motors today reported 77.30 per cent jump in its total sales during January at 65,478 units. - Hero Honda sales up 23.57% in January - Sensex ends up 35pts - M&M domestic auto sales jump 67.4%">M&M domestic auto sales jump 67.4% - Markets in oversold zone - Tata Motors net at Rs 400 crore - Tata Motors reports Q3 turnaround with Rs 400 cr net The company had sold 36,931 units during the same month last year, Tata Motors said in statement. The homegrown firm"s passenger vehicle sales in the domestic market grew 43.17 per cent at 26,245 units last month against 18,331 units in the same period last year. Its total exports in January jumped over twofold at 3,276 units compared with 1,227 units in the same month last year, it added. The "Indica" range reported sales of 11,448 units, the highest this fiscal, though flat over January last year. The "Indigo" family, with a sales of 7,258 witnessed a growth of 83 per cent over the same month last year. "Sumo" and "Safari" accounted for sales of 3,538 units, a growth of 21 per cent compared with January last year. Its small car Nano sold 4,001 units during January. In the commercial vehicles segment, sales in January in the domestic market jumped over two fold at 35,957 units compared with 17,373 units sold in the same month last year. Light commercial vehicles sales during the month were at 20,225 units, up 75 per cent, while medium and heavy commercial vehicle sales stood at 15,702 units, a jump of over twofold compared with January, 2009.


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