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Credit swaps lose crisis stigma as confidence returns
A year after the bankruptcy of Lehman Brothers Holdings Inc, credit-default swaps (CDS) have lost their stigma for disaster and are contributing to the growing confidence in the credit markets.

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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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UTV Software Comm Q4 net down 40% at Rs 11 cr
Media and Entertainment Group UTV Software Communications today said its consolidated net profit for the fourth quarter ended March 31, 2009, slipped by 40.16% to Rs 11.22 crore.
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Uttam Galva not opposed to merger with ArcelorMittal

Mid-size steel maker Uttam Galva Steels said today it is not opposed to merger with the world’s largest steel producer ArcelorMittal and is open to all options aimed at taking the company to “new heights.” - Uttam Galva hits upper circuit on open offer - Uttam Galva not opposed to merger with ArcelorMittal - ArcelorMittal makes open offer for Uttam Galva Steel - Uttam Galva zooms 10% on ArcelorMittal deal - It"s curtains for major standalone steel players - Uttam Galva banks on Mittals" "Midas touch" “We are not opposed to merger and are open to all options as and when (any such) decision is taken by the joint board,” Uttam Galva Director (Commercial) Ankit Miglani said. “No decision has been taken as yet and the joint board will decide whatever is the best for the company,” he said.


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