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Maruti launches Eeco in Gujarat
Maruti Suzuki, India"s largest manufacturer of passenger cars, launched Eeco, a multipurpose vehicle (MPV) in Ahmedabad today.

As Stock markets rise, short sellers on the wrong foot
FIIs back in the game, buy shares worth Rs 769 crore.

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V V: How the other half lives and dies
The poor, as the Bible has it, will always be with us and, therefore, accepted as part of the human condition. But it isn’t the poverty that is unacceptable; it is destitution, the hopelessness of life at the end of its tether that raises the question, What’s to be Done? And to paraphrase Marx, it isn’t enough to understand why India remains an overwhelmingly poor country after more than 60 years of Independence; the task is to change it. Professor Amit Bhaduri’s The Face You Were Afraid to See: Essays on the Indian Economy (Penguin, Rs 250), which is a sequel to his 1996 book, (along with Deepak Nayyar) The Intelligent Person’s Guide to Liberalization, tells us why and what could be done to get out of the hole we have dug ourselves in.
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Oracle Financial Q1 net profit up 76%

IT financial services solutions vendor Oracle Financial Services Software today said its consolidated net profit rose by 75.99 per cent to Rs 185.78 crore for the first quarter ended June 30, 2009, over the same period last year. - Voltas Q1 net profit dips 5% to Rs 79 cr - MMTC June qtr net dips 23% to Rs 41 cr - Corporation Bank total biz to cross Rs 1,50,000-cr mark - Bank of Maharashtra net up 118% to Rs 102 cr - Patni net Q2 up 14% y-o-y - PTC Q1 net up 77% at Rs 33 cr Consolidated total income decreased to Rs 670.1 crore in the latest quarter against Rs 681.02 crore in the same period last fiscal, the company said in a filing to the Bombay Stock Exchange (BSE). "We are pleased to open fiscal year 2010 on a positive note, with product business revenues of Rs 442 crore, an increase of 22 per cent compared to the same quarter last year," Oracle Financial Services MD and CEO N R K Raman said. On the standalone basis, the company has posted a growth of 65 per cent in its net profit to Rs 152.22 crore in the current quarter. Standalone total income rose to Rs 545.62 crore in the quarter under review, against Rs 462.8 crore in the same period last year. Shares of Oracle Financial were trading at Rs 1,454 on the BSE, up 3.77 per cent from previous close.


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