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Caraco shock: Sun Pharma to revise guidance
Sun Pharma today said it would revise the revenue guidance for 2009-10 as the company was not sure when its US subsidiary, Caraco Pharmaceuticals, would be able to meet the regulatory standards of the Food and Drug Administration (USFDA).

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Kingfisher Airlines' Q1 result under lens
The limited review of the first quarter results of Kingfisher Airlines has raised questions about the accounting standards being followed by the airline. The review report says that besides other irregularities, tax expense and employee cost were reported 27 per cent and 21 per cent less, respectively.

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States' panel to prepare rules for land banks
The Centre today constituted a committee of industry ministers of seven states to prepare guidelines for creating land banks for meeting industrial needs.
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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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