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Even as sales recover, retailers continue working on costs
Retailers may be getting into 2010 with higher monthly sales, but they are not going to ease the cost-cutting measures implemented during the downturn anytime soon.

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'We have support of US government, unions on Asarco'
NRI billionaire Anil Agarwal-led Vedanta Resources today said it would not offer more than the already announced $1.87 billion to buy bankrupt American mining firm Asarco but is confident that it can clinch the deal with the support of the US government and the trade unions.

News of the day

ArcelorMittal to sell stake in Canadian firm
World’s largest steel maker ArcelorMittal will sell its 28.6 per cent stake in Canada-based Wabush Mines for about $34.28 million.
Management

Yamaha launches superbike 'VMAX', priced at Rs 20 lakh

Japanese two wheeler major Yahama today launched its super-bike "VMAX" in the country priced at Rs 20 lakh (ex-showroom-Delhi). The company also launched limited edition of its "FZ" series in three variants. - HSCI launches 2 variants of Honda City - Volkswagen to unveil new electric car at IAA - BMW, Mazda lead the way as auto emissions fall: Survey - Toyota launches new Land Cruiser Prado - Volkswagen group to make Malaysia auto parts sourcing hub - Ford to up India output by over 30% ahead of festive season "I am hopeful that these bikes will get the same kind of enthusiastic response as our recently-launched other products got. The company has registered a year-on-year growth of 80 per cent during the month of January to August and we expect the coming months to be also fruitful," India Yamaha Motor Managing Director and CEO Yuki Mine Tsuji told reporters here. The new VMAX comes with a 1,679 cc engine. Tsuji said the company is hoping to grap a market share 10 per cent in the Indian bike market by 2012. The company is also looking for 30 per cent share in the deluxe and premium bike segment. India Yamaha Motor had registered a sale of 19,508 units during August, a growth of 63 per cent over 11,974 units during August 2008.


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