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Auto makers post record sales in January
The new year has brought good news for almost all car manufacturers, with market leader Maruti Suzuki, Hyundai Motors, Tata Motors, Mahindra & Mahindra, General Motors and even Fiat, posting their highest monthly sales since their inception.

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Gold falls the most in a year
With the greenback making gains, there is short term pressure on the yellow metal

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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.
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BSNL keeps 'fresh bids' option open in expansion project

State-owned BSNL today said it was negotiating hard with telecom equipment suppliers — Ericsson and Huawei — for its Rs 32,000 crore project, to expand GSM network by 93 million lines, but has kept open the option for re-inviting bids if the talks lead nowhere. - Intel in talks with ITI for WiMAX joint venture - BSNL's rise and fall - Re-tender 93-million line order, DoT asks BSNL - Handset players jostle for market share - Telecom users cross 500-mn mark before targeted date - On the way: cable TV without any wire "We are negotiating with the vendors on a fast track (and) hope to finalise it within a week or two," BSNL CMD Kuldeep Goyal said. Asked whether the PSU was looking for retendering the 93 million GSM lines-expansion order, Goyal said: "We are keeping that option open. If we are able to get a reasonable price from the present vendors, then we may not retender." BSNL had chosen the bids submitted by Ericsson and Huawei, while rejecting the offers made by three other vendors — Nokia Siemens, ZTE and Alcatel Lucent. BSNL is yet to place the Advanced Purchase Orders (APOs). Nokia-Siemens had challenged the rejection by BSNL and a final verdict on it is still pending in courts. The PSU has also come under attack for non-transparency with only one vendor for each region. But BSNL said it was a competitive bidding. "Bids are supposed to be competitive. They are global bids," Goyal reasoned. BSNL had floated a tender last year for procuring equipment to expand its GSM network by 93 million lines in four zones — North, West, South and East. After evaluating technical bids, Ericsson was considered for the North and Eastern regions, while Huawei was offered the Southern region.


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