The Mint Report for 07 September 2010

The Mint Report for 07 September 2010

With $9.8 billion of debt to be reclaimed by this summer, Tata Steel is looking for buyers for its South African unit and has also decided to sell its UK-based Teesside operation.

Spice Jet announced it would begin flying internationally, starting off with Nepal and Sri Lanka.

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Growing demand in vehicle market has made India’s largest automaker, Maruti, all set to hike production capacity by a remarkable 46%.

An extended monsoon season in Maharashtra is delaying the crushing process of sugarcane. The harvest is expected to swell past 75 million tones of sugar.

Markets inched up on Tuesday; the Sensex was up 85 to 18645 while the Nifty was also up, 27 to 5604.