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Return to normal
Bank ROEs: What is an acceptable return on equity (ROE) for a bank? That question is likely to dominate the debate among executives, investors and regulators in the coming year. After the spectacular losses of the crash, there is no doubt that banks’ future returns should be lower than the super-charged profits earned during the credit boom. But if ROEs fall too far, the consequences could be severe.

PM to attend Obama's N-summit in April
Leaders from as many as 43 countries, including Prime Minister Manmohan Singh, are scheduled to attend a nuclear summit convened by US President Barack Obama in April, the White House said today.

News of the day

Chidambaram proposes to restructure home ministry
When the Union Budget was presented earlier in the year, the Ministry of Home Affairs (MHA) outlay was raised 33 per cent over the previous Budget, up from Rs 25,500 crore to Rs 38,000 crore.
Public Company

Tata Motors to double market share in utility vehicles sales

Tata Motors, the third biggest player in the passenger car market in the country, is aiming to double its market share in the utility vehicles (UVs) segment in Orissa from eight per cent at present to 16 per cent in the next few months. - Fiat to increase prices by up to Rs 25,000 next month - Tata to compensate Singur vendors" losses - Tata launches Grande MK II - Tata Motors hopes to double UV sales in Gujarat - Debt dents Tata Sons net profit - Nano filters down The auto maker expects the jump in market share to come on the back of new launches and roll out of upgraded versions of its existing UVs. Goutam Mukherjee, regional manager (east), Tata Motors said, “Presently, we are selling about 80 units of CVs in the Orissa market and we expect this figure to double in the next few months. Apart from rolling out the upgraded versions of our existing UVs, we will also be coming out with new products in the UV segment in the coming months.” The market for UVs in Orissa is estimated at around 800 units per month with Mahindra & Mahindra being the market leader in this segment. In terms of passenger car sales, Tata Motors has share of 25 per cent in the state. Mukherjee hinted that some new UV models of Tata Motors will be showcased at the upcoming Auto Expo to be held in New Delhi from January 5-11, 2010. Tata Motors on Tuesday launched the Grande MK-II in the city, an upgraded version of its Sumo model. The Grande MK-II seeks to deliver added value to the customers through substantial changes in the exteriors and interiors combined with improvements in ride, handling and comfort. This model comes in three variants- Lx, Ex and Gx which are priced at Rs 643,000, Rs 682,000 and Rs 7,50,451 respectively. These variants have a seating capacity of 7-9 seats.


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