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RESULTS TODAY: TCS, HDFC Bank
Friday will see companies like Axis Bank, HDFC Bank and TCS, announcing their results. NIIT Tech, IDBI Bank, Indusind Bank, UCO Bank and Balaji Telefilms will also report their numbers today.

Vedic row: Alleged land shark among 6 arrested
A man allegedly involved in illegal land acquisition for the controversial Vedic village resort near New Kolkata township was arrested along with five others from Bankura by a North 24 Parganas police team today.

News of the day

Second-largest terminal after Beijing set to wow the world
The state-of-the-art integrated terminal, called T3, of Indira Gandhi International Airport (IGIA) in New Delhi is poised to be the world’s second-largest, after Beijing in China, in terms of size. Once T3 starts operations before the 2010 Commonwealth Games in October, IGIA will become the world’s sixth-largest in terms of capacity. T3 would increase the capacity of IGIA to 60 million passengers annually, from 23 million after it starts commercial operation in July next year. The airport is expected to increase capacity to 100 million passengers by 2030 depending on traffic growth.
Management

Car sales jump 34%, bikes up 14% in Oct

Domestic passenger car sales have recorded 33.88 per cent increase at 1,32,615 units in October from 99,052 units in the same month last year. - Reva plans battery leasing to push car sales - Banking stocks at 52-week high on hopes of credit growth - Demand for heavy trucks fuels optimism in manufacturers - Car sales jump 21%, bikes up 6.5% in Sept - Ashok Leyland expects 5% domestic sales growth this fiscal - Maruti"s Sept sales to jump over 30% According to the figures released by the Society of Indian Automobile Manufacturers (SIAM) today, motorcycle sales in the country during the month was also up 14.22 per cent at 6,11,828 units from 5,35,642 units in the corresponding month last year. Total two-wheeler sales in October grew by 10.61 per cent to 7,50,229 units compared to 6,78,245 units in the same period in 2008.Sale of commercial vehicles was up for the fourth consecutive month, rising by a healthy 51.90 per cent in October to 42,562 units from 28,019 units in the year-ago period, SIAM said. Total sales of vehicles across all categories increased by 15.62 per cent to 10,00,760 units in October, against 8,65,566 units in the same month last year, it added. Chennai-based TVS Motor also registered a growth of 2.18 per cent at 45,220 units in October, against 44,257 units in the same month last year. Honda Motorcycle & Scooter India (HMSI), however, saw its bike sales decline by 46.56 per cent at 17,932 units from 33,558 units in the year-ago period due to labour issues hitting the company since August. SIAM said the total two-wheeler sales in October surged by 10.61 per cent to 7,50,229 units from 6,78,245 units in the same period last year. In the scooter segment, total sales fell by 12.73 per cent at 92,346 units, against 1,05,812 units a year ago, SIAM said. HMSI"s sales dipped 40.84 per cent at 35,486 units against 59,988 units in the same month last year. TVS Motor"s scooter sales, however, increased by 29.68 per cent at 27,288 units compared with 21,043 units last year. SIAM said Hero Honda"s scooter sales were down 24.86 per cent at 12,292 units, against 16,359 units last year. Three-wheeler sales during October were up by 20.89 per cent at 39,926 units compared with 33,026 units. Light commercial vehicle sales during the seventh month of the fiscal were up by 43.02 per cent at 23,220 units, against 16,233 units in the year-ago period. Medium and heavy commercial vehicle sales rose at 19,342 units compared with 11,786 units last year, up 64.11 per cent. Total sales of vehicles across all categories increased by 15.62 per cent to 10,00,760 units in October, against 8,65,566 units in October 2008, SIAM said.


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