Asian stock markets down

Not only Indian stock markets, the whole Asian stock markets itself falling down consecutively due to Global economy, US Dollar rise, and etc..The markets ended lower with the US dollar continuing to witness steady safe haven buying which leads to further rise constantly. So the commodity market got affected due to this. The US dollar rose to a fresh 6 weeks high. European Central Bank official for more economic aid announced that the region's deficit crisis may take longer to solve. Once after this news the global market went down.

No plan to lift exports ban on wheat and Non basmati rice

After annual review of the Foreign Trade Policy release meeting, Commerce and Industry Minister Anand Sharma announced “The ban on export of wheat and non-basmati rice will stay for now” no plan to lift the ban. Actually wheat export banned in early 2007 and non basmati rice in 2008 due to high inflation in India. Apart from this government would continue to restrict exports of certain food items such as pulses and oilseeds.

As on June 30 2010, government agencies had 163.93 lakh tonnes of rice and 112.87 lakh tonnes of wheat. In the same period last year, the rice was at 138.46 lakh tonnes and wheat was at 101.37 lakh tonnes. Still, our domestic requirement itself its too high and so no plan to lift the ban on exports of these food items.

Maruti Suzuki's exports plan is 15% of over all production

Maruti Suzuki’s chairman RC Bhargava said “Maruti Suzuki is planning to concentrate on domestic markets to increase there business in India and the exports will be decreased to 15% of overall production”. During April-July this fiscal, the company exported 50,558 cars, which amounts to around 15% of its total output.
As per Maruti Suzuki MD Shinzo Nakanishi, the company’s business view on the domestic market is huge and he forecast that the passenger car market in India would double in the next 5-6 years. “We share the optimism about India in the medium term. Indian passenger car market will double in the next 5-6 years. There is even an outside chance of a China-like boom in the Indian car market,” he said.
As per Society of Indian Automobile Manufacturers Association (SIAM) shows Maruti’s market share decreased below 50% for the first time in April-July this fiscal, to 47.68%, with total sales of 2,82,488 units. The company's market share stood at over 53% in the same period last year, selling 2,33,811 units.
Maruti Suzuki’s market share went down because of other small cars such as Ford’s Figo, General Motors’ Beat and Volkswagen’s Polo. Even though Maruti Suzuki is introducing various new cars to retain 50% of the market share, still they were not able to achieve it. Maruti is also developing an R&D centre at Rohtak for which 700 acre has already been acquired. “The number of design engineers increased to 958, as planned,” Bhargava said. The expenditure incurred by the country's largest carmaker on research & development (R&D) increased to Rs 173 crore in 2009-10 from Rs 91 crore in 2008-09.

Deepak Fertilizers history from year 2000

In 2000, Deepak Fertilizers and Petrochemicals Corporation Ltd opened a new nitric acid plant with an annual Capacity of 1 lakh tonnes at Taloja in Maharashtra. After that they had meeting and planned to invest R 100 cr. In 2002, Board approves for the buyback of equity shares up to 10% of its paid up capital and free reserves. Mr A C Mehta appointed as the additional Director and D C Mehta ,MD is elevated to the position of Vice-chairman and in his place Shri S C Mehta has been appointed as the MD.

During 2003, it gave buyback options of equity shares and closed on January 20. they announced Knight Frank as its real estate consultant
Board approved 6MW capacity cogeneration capitive power plant.In 2004, - It has informed that the company has entered into License Agreement and related contracts with Aker Kvaerner Inc., Houston, USA, for manufacture of 70,000 MT per annum Isopropyl Alcohol (IPA) at the plant at Taloja, Mumbai. The total outlay for this project is estimated to be Rs. 2,000 million. In 2010,it informed that Shri Pranay Vakil has joined the Board of Directors of the Company