"Our intention is to command 10 per cent market share in the overall online AC market place this year and in the inverter segment of AC, we are aiming 15 per cent market share," Panasonic India President and CEO Manish Sharma told PTI.
The European Commission, the EU's executive arm, said the three companies "coordinated prices and exchanged sensitive information" between 2004 and 2007 on rechargeable lithium-ion batteries.
Joining the IPO rush, business conglomerate Larsen & Toubro (L&T) will sell up to 15 percent stake in its IT services unit L&T Infotech through a public issue estimated at about Rs 2,500 crore.
In an interview to CNBC-TV18, Aashish Tater, Head of Research of www.fortunewizard.com picks two stocks as his multi-baggers for the day. Tater has selected Mahindra Ugine Steel Company and Dena Bank with target price to be Rs 80-82 and Rs 128.50, respectively.
Mitsui and Sanyo have bought 49% in Mahindra Ugine‘s steel business for Rs 218 crore, reports Times of India. Mahindra Ugine Steel Company touched an intraday high of Rs 58.50 and an intraday low of Rs 52.40. At 09:38 hrs the share was quoting at Rs 54.20, up Rs 5.40, or 11.07%.