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Jai Arjun Singh / New Delhi October 10, 2009, 0:51 IST

Bayer group enters into JV with Ahmedabad's Malibu Plastica
German pharma and chemical company Bayer group"s unit Bayer MaterialScience (BMS) has entered into an agreement with Ahmedabad-based Malibu Plastica (P) Limited, in order to supply polycarbonate sheets to the Indian market. Bayer MaterialScience intends to further grow its business in the country and strengthen its global position as a complete solutions provider to its customers.

News of the day

Govt land reforms report says SEZ concept enormously destructive
Special Economic Zones are nothing but special exemption zones and there is no reason to exempt these from all law. Hence, scrap these, is the recommendation of the Committee on Land Reforms and Agrarian Relations set up by the Union government to advise it on issues ranging from land reforms and land acquisition to measures to stop conversion of farm lands.
Business Ideas

Maruti, Tata Motors lead auto rally

The Auto index was up 1% at 7,316. Tata Motors zoomed 4% to Rs 730. The counter witnessed trades of 1.66 million shares on the BSE. The auto index has added 1% at 7,307. Maruti Suzuki is now trading at Rs 1,614, up around 2% from the previous close.The counter has clocked volumes of 47,382 shares as compared to the two-week daily average traded volumes of 117,656 shares on the BSE. Tata Motors is now at Rs 717, up 2% from the previous close. The counter has witnessed trades of 399,849 shares as compared to the two-week daily average traded volumes of 859,964 shares on the BSE. Mahindra & Mahindra on the other hand is flat at 1,078. Around 50,339 shares have been traded on the BSE as compared to the two-week daily average traded volumes of 140,283 shares on the BSE. Other auto stocks like Escorts have zoomed 5% to Rs 121. It is followed by Ashok Leyland, Apollo Tyres, Amtek Auto, Tata Motors and Bajaj Auto, up 2-4% each. Cummins India and Hero Honda are down 0.5% each.


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