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The world's second largest forgings maker, Bharat Forge has recently made a strong comeback in the Indian market. In fact, the company has recently reported a consolidated profit for June-quarter versus a loss a year ago helped by higher sales from its overseas subsidiaries.

Under a recently announced deal, Private equity firm Actis will buy out the loss-making, general-lighting business of Noida-based Halonix. However, the component maker will be left with its attractive automotive lightning business and under the announced deal; Halonix will be hiving off the non-automotive lighting business into a wholly-owned subsidiary.

While there have been debates on upping the FDI in the Indian defence sector for the past many months now but the Industry chamber FICCI has recently said that it is not in the favour of raising the foreign direct investment (FDI) cap in defence saying the existing limit of 26 per cent has attracted sufficient investment in this strategic sector.

Bajaj Auto, the second largest two-wheeler manufacturer in the Indian market expects its loss making Indonesian subsidiary, PT Bajaj Auto Indonesia to break even by 2012. it is to be mentioned here that the company announced a CKD production at the Indonesia unit a few days back and recently Kevin D'sa, president (finance), Bajaj Auto confirmed that the Indonesia unit will break even by 2012.

As we have said several times in last week’s reports, signs show that the possibility of a rising correction to correct the fall from June 3rd top 89.09 to July 16th low 86.25 is growing.

While the proposed location for the four-wheeler plant for the two-wheeler major was Chakan but the company has recently announced that it will come up with its 4-wheeler plant at Waluj near Aurangabad. In fact, the second largest player in the Indian two-wheeler market has also said that it will invest close to Rs. 500 crore in the Waluj plant.