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The super-luxury car maker Rolls-Royce is getting aggressive in its approach and with the launch of Ghost, its unit sales target has also gone up substantially.

The company is aiming to sell close to 50 units in this year. Sharad Kachalia, Director, Sales and Marketing, Navnit Motors, the authorized Rolls Royce dealer for West and South region, said that the recently launched Rolls Royce Ghost is getting overwhelming response in the country and as it takes close to 2-3 months time for the delivery of the car after the firm order, the company is expecting to sell 50 units this year.

Amidst the scenario where the company is facing the situation of falling sales numbers in the Indian market, Honda Siel Cars India (HSCI) has recently announced that it will to invest Rs 300 crore in its second plant at Tapukara (Rajasthan) to make engine & transmission components (powertrain).

While the company said that the investment in developing engines and other important components will help the company cut its costs in the Indian market, it will also make its operations very much viable. HSCI president and CEO Takashi Nagai said that the company wants to cut costs and enhance financial yields via such efforts.

The private equity fund management company IL&FS Investment Managers has declared its first quarter financial results for the fiscal year 2010-11. The company has posted a net profit of Rs 17.68 crore for this quarter ended in the 30th of June.  

The net profit of the firm was reported to be Rs 17.70 crore for the similar quarter in the previous year. Hence there has been a marginal up in the net profit figure this time against last year's record. IL&FS Investment Managers has informed this fact in a filing to the Bombay Stock Exchange (BSE).

Vietnam is supporting India for its bid on Thursday for BP Plc's energy assets in Vietnam, which is hit by crisis.

The Prime Minister of Vietnam, Nguyen Tan Dung had a meeting with India's Oil Minister Murli Deora wherein it was decided that the British firm's stake will be split between the two countries.

The prices of gold came down by Rs. 75 and settled at Rs. 18,525 for every ten grams in New Delhi recently, as the prices of metal are declining in the international markets. Even the value of silver came down by Rs. 30 to settle currently at Rs. 28,950 per kg.

Sentiments revolving business and trade have a burdened feel as following gold the declining prices in metals may end up bringing down the U. S. economy growth in the international markets.

India's leading public sector lender Punjab National Bank (PNB) has reported that there has been a significant net profit rise in the first quarter of the current fiscal year. The bank has announced its first quarter financial results for 2010-11.

According to the company, it has registered a net profit of Rs 1,068 crore during the April-June quarter of fiscal year 2010-11.

For the same quarter in the previous year, the net profit of PNB was reported to be Rs 832 crore. Hence there has been a net profit rise of 28% in the quarter under review.