Sensex marginally up 18 points

Nov 09 2012, 09:49 IST
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SummarySensex rose by over 18 points in early trade today, led by recovery in stocks of consumer durables.

profit rose 42 percent to 3.04 billion rupees from a year ago.

U.S.-based Knoll has entered into a dealership and brand-licensing agreement with Godrej Interio, a unit of the Jamshed-Godrej-promoted Godrej & Boyce, to manufacture and market its home and office furniture.

AUTOS

Apollo Tyres is incurring a production loss of up to 50 million rupees per day at its Vadodara plant in Gujarat due to the ongoing labour unrest, which the firm hopes to end soon in the next few days, Apollo Tyres Chairman Onkar S Kanwar said.

Tata Motors may soon launch its mini commercial vehicle 'Ace' and passenger variant 'Magic' in South African, Asean and the Middle Eastern markets, Tata Motors Executive Director of its Commercial Vehicles Business Ravi Pisharody said.

Ashok Leyland's July-September net profit fell 7.1 percent to 1.43 billion rupees from a year ago.

TRANSPORT/INFRASTRUCTURE

Shipping Corp of India swung to a July-September net profit of 2.97 billion rupees from a loss of 1.41 billion rupees a year ago.

GTL Infrastructure completed the restructuring its foreign currency convertible bonds worth $300 million.

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