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Sensex recovers partially; Tata Steel sheds 4%
The Sensex has erased most of its losses and is now at 17,158, down 68 points. The index has recovered 113 points from the day"s low. The NSE Nifty is at 5,122, down 25 points.

CLB allows Maytas Infra to file FY10 results by June 30
Crisis-hit Maytas Infra today said the Company Law Board (CLB) has allowed it to report quarterly accounts for the current financial year by June 30, 2010.

News of the day

Correction to stay on course
The Sensex and the Nifty closed in the red on Friday on profit-booking in technology stocks and lack of interest in other pivotals at current levels. The trading volume on the F&O segment remained lackluster as the Nifty provided little scope for trading since it moved in a tight range of 20-30 points on Friday.
Management

Hero Honda sales up 23.57% in January

The country"s largest two-wheeler maker Hero Honda today reported 23.57 per cent jump in its sales at 3,89,802 units in January compared to the same month"s last year. - M&M domestic auto sales jump 67.4%">M&M domestic auto sales jump 67.4% - Hero Honda keen on Karnataka - Firms In hurry to start work in U"Khand - Hero Honda net vrooms 78% - Hero Honda Q3 net soars 78% on strong sales - Hero Honda appoints Anand Burman as non-executive director Hero Honda is also planning to launch three new products by the end of this fiscal. In a statement, Hero Honda said it had sold 3,15,458 units in January last year. The figure registered during January is the highest-ever sales in the month by the company, it added. Besides, for the 13th consecutive time, the company has recorded more than three lakh despatches in a single month. "Our sales numbers for January provide an excellent start to the calendar year, 2010. The sales growth we have achieved is significant in light of the high base that we created in the same period last year," Hero Honda Motors Senior Vice President (Marketing & Sales) Anil Dua said. The company witnessed good performance in all the regions and sales across segments grew, he added. On its upcoming products, without giving any details, Dua said, "Going forward, we have three new product launches planned in the next two months, taking the total number of launches to nine this fiscal."


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