Welspun Corporation Ltd announced that it has pocketed orders worth Rs 700 crore from domestic as well as global markets.

In a declaration, the pipe maker stated that it is expected to implement the new orders of around 1,20,000 tonnes during the existing financial year.

Welspun Chairman and Managing Director B K Goenka stated, ''The customers trust on our engineering excellence shall further strengthen our position in the competitive market space.''

Maruti Suzuki, announced that it has posted its highest ever monthly sales in August this year.

India's top manufacturer of cars has registered an increase of 23.6% in its car sales during the last month (August 2010).

The company sold around 104,791 units during August 2010 as against 84,808 vehicles during the corresponding period of 2009.

The company's sales in the domestic market climbed 32.5% at 92,674 units in August this year as against 69,961 units in the like period of 2009.

India's second largest automaker in terms of sales, Tata Motors has seen a 32.28 per cent increase in its sales, during the month of August.

In unit terms the total was 65,938 units as compared to 49,810 units during the same month last year.

The biggest increase was seen in the passenger car segment

The homegrown firm's total passenger vehicles sales in the domestic market stood at 25,196 units in August against 17,364 units in the same month last year, a jump of 45.10 per cent, the company said in a statement.

Looking at the kind of potential that the superbike market provides, Suzuki Motorcycle is looking forward to revive its hold on this segment.

As per the new plans, it is looking to sell 300 units of its four superbikes- GSX-R1000, Bandit 1250S, Hayabusa-GSX1300R and Intruder-M1800R.

Suzuki has 5 per cent of the total market share in the industry and expects it to become close to 10 per cent by the year 2012.

And to be able to achieve its aim, the company is planning to launch a scooter along with motorcycle.

As the newest automaker which came to India, Nissan has had a good start for sure. And it’s marketing efforts to have been doing well.

Nissan Motors Indian Pvt Ltd (NMIPL) has managed to sell 1.249 units of its branded cars till the end of August, 2010. Out of this the majority was from Micra that was able to clock a sales of 1,182 units.

Micra is the newest of Nissan's compact cars in India and the company has been emphasis on the marketing of these cars. It has made sure that rather than price, it is the technological and service difference that is highlighted.

One of India's leading biscuit maker, Britannia Industries has announced that it will increase the price of its biscuits. This, said the company, is being done since it wants to release the pressure that its margins have been facing due to hike in raw material costs.

It said that the topline this year has shown an increase of 10 per cent but despite this the profits fell by 30 per cent. High inflationary pressures, which have been in the double digits, are the prices. It did not pass the burden to the consumers till now since it did not want them to face the brunt.

After almost ruling the petrochemicals, refining, oil and gas exploration, and retail businesses, Hospitality is the latest area of interest for Reliance Industries.

As the Mukesh Ambani Group (the world's fourth-richest man) has bought a 14.1% stake in hotel chain EIH Ltd.  The cash rich company that has the highest weighting in BSE has shed out USD 217.5 million for this deal.

Reliance Industries Ltd (RIL) has made announcement that it has purchased 14.12% equity stake in hotel chain Eastern Indian Hotels (EIH) Ltd for Rs 1,021 crore.

RIL got hold of equity stake through its wholly owned arm, Reliance Industries Investment and Holding Private Ltd.

According to company's declaration, ''RIL has acquired, through its wholly owned subsidiary Reliance Industries Investment and Holding Private Ltd, from Oberoi Hotels Private Ltd and certain other promoters of EIH Ltd shares in EIH Ltd representing 14.12 per cent of EIH Ltd at a total cost of about Rs 1,021 crore.''

The Korean Consumer Durable player-LG Electronics recently announced that the company will put a hold to the production of cathode ray tube (CRT) TVs in its home country.

The reason for this sudden decision is the weakening demand of the CRT TVs and an expected future end to analog broadcasting in the country by 2012.

It was 45 years before when LG rolled out its first model of CRT TV under the company's old brand Goldstar.

However the sales of the CRT will be ceased when the stock piles at the domestic retailers is exhausted.

The Korean consumer durable player, LG is all set to display a whole new range of 3D devices at the IFA 2010. However the main attraction remained the 180 inch Plasma 3D TV prototype named LG PX950N. Supposedly it is also world's first TV to get a 3D THX Certification which is the ultimate recognition for cinema-quality 3D on a TV.

The TV has a self illuminating pixel that helps in wider viewing range for the viewers.

The beleaguered mineral company, Vedanta Resources has said that the Orissa state government will consider of making alternative arrangement for its bauxite requirement.

The situation arose after the Center refused to grant permission to the project of Vedanta sighting environmental reasons for the refusal.

In a press release Vedanta has refuted all the allegations made by Centre and has said that it is not into possession of any mining activity in Niyamgiri and that no anti-environment activity has taken place there.

Godrej appliances that entered television business in April only has launched its first Game LCD TV with motion sensing technology.

The company has currently rolled out this new product in markets of West Bengal, Kerala, Maharashtra and Andhra Pradesh. But the company expects to garner a market share of more than five per cent by the end of first year. As it has a target to sell more than 25,000 units by March next year.

With the fad of social networking sites increasing among the users, Yahoo! pulse has bagged the number four slot. The site which witnesses 3.5 million unique users in just one month of its launch in June is following the league of facebook and Orkut in India.

As per a recent data by Comscore, yahoo owns two of the top ten social networking sites- Yahoo! Pulse and Yahoo! Buzz with 1.8 million visitors.

The panel of the Plan panel made a statement on Wednesday regarding the Indian government refusing to give the demanded environment clearance to the proposal made by Vedanta regarding the USD 1.7 billion aluminium project in Orissa, saying that the refusal will in no way harm or tarnish the image India has as an investment friendly country.

he Chennai based Two-wheeler major; TVS Motors has recently stepped on the accelerator pedal and has decided to give the rising competition a tough answer.

With a view to take its capacity up to 28 lakh units, the company has recently said that it will invest Rs 200 crore by April next year. In fact, the Chairman of the company, Venu Srinivasan also pointed out the fact that the company will also will set up a design centre in Indonesia.

The Indian arm of Toyota Motor Corporation that works in a JV agreement with Kirloskar Group, Toyota Kirloskar Motors has recently said that the company will be revising the prices of its models across its portfolio in the month of October.

Toyota Kirloskar Motors Deputy Managing Director (Marketing) Sandeep Singh said that the rising input costs are putting a lot of pressure on the financials of the company and hence the company will review its prices in the month of October this year.

The market leader in the Indian passenger car segment, Maruti Suzuki has recently said that the company may look at the option of capacity expansion as it is currently not able to meet the high demand of the Indian consumer. It is to be mentioned here that the company said it is doing an initial study to build a new manufacturing plant at the moment and will be in a better position to comment on the same as soon as it completes it.

The Indian subsidiary of the Korean auto major, Hyundai Motor Corporation, Hyundai Motor India limited has recently said that the company will be raising its prices by close to 1-1.2% across all its models in its portfolio.

While the hike in the prices has come up because of the rising input costs, it is to be mentioned here that the company hinted earlier this month that it may hike it prices in the short-run.

Arvind Saxena, director of marketing & sales for Hyundai motors India Limited said that the hike in prices has come up because of the hike in raw material prices in the Indian market.

As the Indian SUV maker, Mahindra & Mahindra will complete its acquisition of the cash-strapped SUV maker, Ssangyong Motors, it has been learned that the company is planning to bring its products to the Indian market as well.

The Indian market leader in the Indian two-wheeler segment and world’s largest two-wheeler producer for the nine consecutive years, Hero Honda has recently said that the company will finalise on its new plant within a span of 30 days. Senior Vice President Anil Dua confirmed the development by saying that it will take a month’s time for the company to finalise the location of the plant.

For the uninitiated, the company is planning to come up with a new unit for the production of its two-wheelers in the Indian market as it almost touching full capacity.