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GM India to open five more used car centres
With a view to tap the growing used car market in the country, General Motors (GM) India Limited plans to roll out five more Chevy Ok used car centers within a fortnight. GM India has already opened 17 such centres across the country and these centres have recorded over 500 transactions. “GM India has got a very good response to its used car business in the country. We are going to add five more Chevy Ok centres in different locations within a fortnight,” P Balendran, vice-president (sales), GM India told Business Standard.

DCB to raise up to Rs 100 cr via QIP issue
Development Credit Bank (DCB) today said it will raise funds up to Rs 100 crore by way of private placement of shares with potential buyers.

News of the day

Three workers die in HPL plant, company denies gas leak
Three contract workers died in a mishap at a unit of the Haldia Petrochemicals (HPL) in East Midnapore district of West Bengal.
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Rel Cap Q3 net dips 52% to Rs 63 cr

Anil Ambani Group firm Reliance Capital today reported 52% decline in its consolidated net profit at Rs 63 crore for the third quarter ended December 31, 2009. - R-Infra Q3 net up 10% at Rs 277 cr - RNRL Q3 net up 3% to Rs 25 cr - Dadri farmers want more time to return compensation - Ian Lancaster new CEO of Reliance MF"s Malaysian arm - R-ADAG among suitors interested in MGM: WSJ - R-Infra wins Rs 11,000 cr Mumbai Metro-II project "Lower capital gains were booked in the quarter, owing to the planned partial stake sale later this year in the operating businesses, subject to necessary approvals. "Being the sole beneficiary of its operating businesses, the full benefit of this value unlocking will form a part of Reliance Capital"s net profit for the current financial year," the company said in release. Total income of the company declined to Rs 1,488.8 crore for the December quarter, from Rs 1,573.5 crore in the same period previous fiscal.


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