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M&M utility vehicle sales grow 36.75% in September
Auto major Mahindra & Mahindra today reported 36.75 per cent growth in domestic sales of its utility vehicles (UV) in September at 21,961 units against 16,059 units during the same month last year.

Mid & small-cap firms to see single-digit growth
Wide sectoral variations; good time for cement, automobiles and media.

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Viceroy Hotels to raise Rs 70 cr via QIP
Hospitality firm Viceroy Hotels today said it has approved the proposal for raising up to $15 million or Rs 70 crore through qualified institutional placement (QIP).
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SIAM wants new emission norms be delayed if fuel not available

The Society of Indian Automobile Manufacturers today said implementation of new emission norms scheduled to be effective from April 1, 2010, should be postponed by up to six months if there is no clarity on availability of upgraded fuels latest by January-end. - Car sales jump 40% in December - "Stimulus withdrawal will drive up car prices" - MindTree ranked second in Asia in corporate governance poll - Royal Enfield to shift to BS-III norm-compliant platform - What info will star rating provide, asks Siam - Small, green cars to be flavour of Auto Expo "There is a serious concern that fuels may not be available in all parts of the country to implement the new emission norms," SIAM President Pawan Goenka told reporters here at the 10th Auto Expo here. "SIAM has already made representations to the government that if fuel is not available then implementation of the new emission norms should be postponed by three to six months in those regions where fuel is not available or across the country," he added. Starting April this year, 11 cities across India, where the Bharat Stage (BS) III norms are currently in place, are supposed to upgrade to BS-IV and the rest of the country where BS-II norms are followed are to move towards BS-III norms. There should be a clarity latest by January-end on the fuel availability otherwise it would be difficult for the industry to revert to the old emission norms standards, Goenka said. "After January 31, it will be difficult for us to revert, although it is not impossible," he said, while not elaborating what additional costs the industry would bear if it has to go back to the old norms.


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