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Foreign luxury liquor brands eye India foray
With the luxury liquor segment in India growing by 30-40 per cent annually, the coming year could see a number of premium overseas brands entering into the domestic market.

F&O OUTLOOK: Nifty may breach 4,941 support
Though the Nifty closed slightly below 5,000 today, the trading volume in the put and call options suggests that bulls will find it difficult to hold on to this level.

News of the day

Woman power
Piramal Healthcare director Swati Piramal has made history by becoming the first woman chief of a national chamber of commerce. As the newly-elected president of Assocham, she’s doing her bit for woman-power. All chairpersons of around 100 working groups in Assocham are now women, and the co-chairs are all men.
Public Relations

M&M open to alliance in two-wheeler space

Market leader in utility vehicles in India, Mahindra & Mahindra (M&M), today said the company was open to alliance in the two-wheeler space, but nothing is on the anvil. - M&M wins disputed internet site case at WIPO - M&M wins disputed internet site case at WIPO - M&M to launch four tractors this fiscal - F&O OUTLOOK: Nifty likely to get support at 4,350-4,400 - Nifty likely to get support at 4,350-4,400 - M&M: Clouds on the horizon "We are open to alliance, which will give us either market or technology. But, nothing is on the anvil," company Vice-Chairman Anand Mahindra said here. M&M had entered into the two-wheeler sector with the acquisition of 80 per cent stake in Pune-based Kinetic Motor Company for Rs 110 crore last year and now intends to be a "credible player of substance" in this segment. Mahindra, who unveiled two scooters - Mahindra Rodeo and Mahindra Duro, said the market for the two-wheeler segment would continue to be there even though small cars are making inroads in the Indian market. M&M had earlier introduced Mahindra Flyte, a scooter. Anoop Mathur, President, Two-wheeler sector, M&M, said the company would have presence across the sector and the motorcycle portfolio was under development, which would be unfolded in the coming years. "We target to sell 1,00,000 scooters in the next one to one and a half years," Mathur said.


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