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M&M Fin net profit jumps 111%
Mahindra & Mahindra Financial Services has reported a 111 per cent increase in its consolidated net profit to Rs 97 crore for the quarter ended December 2009 compared with Rs 46 crore in the same period last year. Total income of the non-banking financial company grew by 13 per cent to Rs 409 crore during the reporting period.

Railways may meet budgetary estimates
On the back of steady growth in the economy, railway ministry officials indicate that Budgetary estimates outlined last year are likely to be met despite a shortfall in the earnings from passenger traffic and parcel services in the first three quarters of the current financial year (2009-10).

News of the day

What Gladwell saw, and questioned
At the height of the dot-com boom of the 1990s, several executives at McKinsey & Company, the world’s most prestigious management consulting firm, launched what they called the War for Talent. After extensive research, they concluded that the best companies had leaders who were obsessed with “the talent issue”. They recruited ceaselessly, finding and hiring as many top performers as possible. They singled out and segregated their stars, rewarding them disproportionately, and pushing them into ever more senior positions. The “talent mind-set” became the new orthodoxy of American management — the intellectual justification for why a high premium was placed on degrees from first-tier business schools, and why the compensation packages for top executives had become so lavish.
Management

Delphi launches CNG kit for Indian automobile market

Delphi, a leading global supplier of electronics to the automobile sector, today said it has introduced CNG kits for vehicles that have been sold to consumers. - Delphi to showcase number of auto components in Delhi Expo - Gold falls the most in a year - Gold, grains, copper may rise by April - Maruti"s Sept sales to jump over 30% - Delphi to raise head count at Bangalore centre - SAIL cuts prices by up to Rs 2,000 a tonne "The launch of Compressed Natural Gas (CNG) Retrofit Kit will help to improve fuel economy and reduce emissions while offering a high-performance product to the Indian Aftermarket," Delphi Product & Service Solutions (DPSS) said in a statement here. It said the kit is approved to work with all major CNG cylinder brands in India and has been "tested, verified and approved by the International Center for Automotive Technology (iCAT) under both city and highway conditions." The kit has been approved for two base models of 26 variants of the Euro III system with engine capacity ranging from 795.75cc to 1987.50cc. "The product, approved by the Transport Department, Government of National Capital Territory of Delhi, will be available through Delphi’s strong national distribution and service network initially in Delhi NCR (National Capital Region)...," K Ramesh Rao, Country Director, DPSS Indian sub-continent said. Delphi’s aftermarket product portfolio in India includes four major product lines: Chassis, Vehicle Electronics, Thermal and Consumer Accessories. Delphi has been operating in India for 13 years and has three manufacturing sites and a technical centre in Delhi and Bangalore.


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