×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

The Mint Report 01 July 2010

The Mint Report 01 July 2010
Comment E-mail Print Share
First Published: Thu, Jul 01 2010. 10 19 PM IST
Updated: Thu, Jul 01 2010. 10 19 PM IST
We begin with the battle for Parkway, which is now officially underway. On Thursday Fortis made a bid worth $2.3 billion for about 75% of the company. That’s a share price of $3.80. Fortis currently owns a little over 25% of the company. In May, Malaysian sovereign wealth fund Khazanah made its own bid for 51.5% of Parkway.
India’s top auto companies have posted a rise in sales for the month of June. Maruti Suzuki saw an eighteen percent percent rise to 72,812 units. And Hyundai’s domestic sales were up 19% at 27,366 cars. Mahindra and Mahindra also did well, posting Indian sales of 26,243 units, a rise of 16.5%.
In other good new for the economy, food inflation has slowed down for the middle of June. The food price index rose 12.92% in the period to 19 June. That’s a sharp fall from the previous week’s 16.90%.
Comment E-mail Print Share
First Published: Thu, Jul 01 2010. 10 19 PM IST