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United Spirits to reduce debt by October-end
Vijay Mallya-controlled United Spirits Ltd (USL) has reiterated its plans to deleverage its balance sheet by the end of October this year. USL has a debt of around Rs 6,000 crore — a leverage of nearly 2.5 times.

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TCS plans to hire 11,000 this quarter
Given the potential for growth, IT major, Tata Consultancy Services (TCS), is looking at hiring 8,300 trainees and around 3,000 laterals or experienced persons in Q4 FY10, a senior company official said.

News of the day

Tata Steel net dips 50% to Rs 903 cr
Tata Steel"s net profit dipped 49.4 per cent to Rs 902.94 crore in the second quarter of 2009 compared to Rs 1787.81 crore in the quarter ended September 30, 2008. Its total income plunged 18.23 per cent from Rs 7054.33 crore for the quarter ended September 30, 2008 to Rs 5768.16 crore for the quarter ended September 30, 2009.
Management

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. - M&M domestic auto sales jump 67.4%">M&M domestic auto sales jump 67.4% - Hero Honda keen on Karnataka - Firms In hurry to start work in U"Khand - Hero Honda net vrooms 78% - Hero Honda Q3 net soars 78% on strong sales - Hero Honda appoints Anand Burman as non-executive director Hero Honda is also planning to launch three new products by the end of this fiscal. In a statement, Hero Honda said it had sold 3,15,458 units in January last year. The figure registered during January is the highest-ever sales in the month by the company, it added. Besides, for the 13th consecutive time, the company has recorded more than three lakh despatches in a single month. "Our sales numbers for January provide an excellent start to the calendar year, 2010. The sales growth we have achieved is significant in light of the high base that we created in the same period last year," Hero Honda Motors Senior Vice President (Marketing & Sales) Anil Dua said. The company witnessed good performance in all the regions and sales across segments grew, he added. On its upcoming products, without giving any details, Dua said, "Going forward, we have three new product launches planned in the next two months, taking the total number of launches to nine this fiscal."


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