INDIA INC’S PAT TO GROW AT 23% THIS FISCAL

India Inc is likely to witness a 22.8% growth in its profit after tax (PAT) in the current fiscal, an economic think-tank has said in its report. “Corporate sales growth will average at a meagre 4.1% in 2009-10. At the same time, the PAT will rise by a robust 22.8%,” the Centre for Monitoring Indian Economy (CMIE) said in its latest report.

The manufacturing sector (excluding petroleum sector) would report a 24.3% growth in PAT mainly because of low prices of raw material and soft interest rates, CMIE said, adding that the PAT of the financial and non-financial services would rise by 32.2% and 20.4%, respectively.

The Financial Express

Toyota announces plan to sell 9.85 mn vehicles in 2008

Toyota, in a neck-and-neck race that could dethrone General Motors as the world's top automaker this year, said today it plans to sell 9.85 million vehicles globally in 2008. Toyota also said it plans to produce 9.95 million vehicles worldwide during the same year, up 5% from this year -- the same percentage jump for the automaker's global sales.

The Financial Express
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Toyota-announces-plan-to-sell-9-85-mn-vehicles-in-2008/254433/