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Markets at a glance
Worries of rising food prices and a hike in interest rates weighed on the market sentiment. During the week, the BSE Sensex fell 400 points or 2.3 per cent to 16,720, while Nifty fell 130 points or 2.5 per cent to 4,988. However, mid-cap and small-cap stocks performed better, BSE Mid-Cap index fell by 1.6 per cent and Small-cap index declined by 1.04 per cent during the week.

BASIC Group joins hands to shape Copenhagen-II
Sees itself as spearhead for G-77, to press for twin-track talks in run-up to Mexico.

News of the day

Krishna for expedited probe into assaults; speaks to Aussi FM
Concerned over the continuous assaults on Indians in Australia, External Affairs Minister S M Krishna today spoke to his Australian counterpart asking him to expedite the investigations in these incidents.
Business Ideas

Ashok Leyland unveils hybrid bus

Hinduja group"s flagship company Ashok Leyland today unveiled the country"s first electric plug-in CNG hybrid bus, HYBUS, at the Auto Expo here. - Ashok Leyland to hike prices of CVs soon - "We expect 15-20% of mkt in 5 years" - Ashok Leyland working on better bus platform - Auto firms lead investments in TN - Ashok Leyland to roll out 25 products in 18 months - Mahindra to trump Ace with Maxximo Unveiling the bus, Ashok Leyland Managing Director R Seshasayee said that the government should encourage public transportation and asked for support for production of hybrid buses. "The government must bring down duty on lithium ion batteries," he said. At present, duty on lithium ion batteries, that powers the drive system of a vehicle, is 18 per cent. According to Seshasayee, compared to conventional bus, powered by IC engine, HYBUS offers significant fuel savings of 20-30 per cent. These buses will be used during the forthcoming Commonwealth Games in Delhi. "We are happy to lead with green bus technology once again following CNG buses in 1997 and hybrid electric vehicle in 2002," he added. The company also unveiled ESSI 20, truck with emphasis on green and efficient transportation. Seshasayee said the truck embodies 20 innovative ideas that together deliver 20 per cent better fuel efficiency and correspondingly over 20 per cent reduction in CO2 emissions.


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