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Asian markets up 4th day in a row
The Asian markets have advanced for the fourth day on reports that the Chinese factory output jumped to a 19-month high in October.

Pantaloon transfers retail biz to Future Value
Kishore Biyani-led Pantaloon Retail (India) today said it will transfer its value retail business to its group company, Future Value Retail.

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Apple leaves US Chamber of Commerce over climate clash
Computing giant Apple has decided to leave the US Chamber of Commerce in protest over the organisation"s opposition to tough climate change rules, according to a letter.
Small Business

Jay Bharat Maruti Q3 net jumps over fivefold

Auto components maker Jay Bharat Maruti today reported an over five-fold jump in net profit at Rs 5.41 crore for the third quarter. - REC"s Q3 net rises 49% to Rs 474 cr - Jaiprakash Power earns Rs 16.8 cr net in Q3 - Bajaj Auto Q3 net jumps threefold to Rs 475 cr - Infosys Q3 net declines 3.6% YoY to Rs 1,582cr - Bajaj Auto Finance Q3 net jumps over two-fold to Rs 27 cr - Kinetic net profit at Rs 97.61 cr net in 2009 It had a net profit of Rs 1.08 crore during the same quarter last fiscal, Jay Bharat Maruti (JBML) said in a statement. The company also reported an increase of 31.62 per cent in its third quarter revenues at Rs 203.76 crore against Rs 154.81 crore during the same period of 2008-09. JBML is a joint venture between car maker Maruti Suzuki India and the JBM Group. It manufactures and supplies auto components like sheet metal components, welded assemblies, fuel neck fillers, axles and exhaust systems.


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