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Yamaha to launch new YZF-R1 in 2010
Japanese two-wheeler firm Yamaha today said it will introduce a new version of its super-bike YZF-R1 in the country next year, and a range of other models and variants from its stable to strengthen its position in India.

F&O Outlook: More correction possible in coming days
The Nifty ignored all bullish indicators and closed below 5,000 on profit-booking and weak global cues. The close of 4,953 is marginally above the 61.8 per cent retracement level of 4,940. Hence, if it falls below this, it can retreat to 4,860. Also, the Nifty has gained over 10 per cent since the last week’s low of 4,538 and so more correction is possible in the coming days.

News of the day

SAIL open to partnering NMDC for proposed K'taka plant
The country"s largest steel maker Steel Authority of India (SAIL) today said it is open to partnering NMDC in setting up a steel plant in Karnataka, primarily catering to sectors like the automobile and consumer durables.
Corporate

Shree Renuka at new 52-wk high on overseas acquisition

The stock touched a high of Rs 233 and finally settled 4% higher at Rs 228. The counter clocked volumes of 1.93 million shares on the BSE. _________________________________________________ Jindal Steel brightens on acquisition buzz (Updated at 1006hrs) Shree Renuka Sugars has gained in opening trades following acquisition of Brazilian firm. The stock opened at Rs 222 and surged over 3% to a new 52-week high of Rs 225. It is now trading with a gain of 2.3% at Rs 224. Around 112,461 shares have changed hands at the counter so far. The company has acquired Brazil"s Vale Do Ivaí SA Açúcar e Álcool (VDI) at an enterprise value of $240 million (Rs 1,112 crore). This is the first overseas acquistion by an Indian sugar company and comes at a time when sugar companies are looking for opportunities abroad, partly due to restrictions on undertaking farming directly.


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