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Talks were on with Chinese vendors, said Anoop Mathur, president of M&M’s two-wheeler division. China is the largest two-wheeler market in the world; India is next. M&M has three 125-cc scooters —two power scooters, Mahindra Rodeo and Duro, and Mahindra Flyte. It plans to launch a motorcycle next year.

The three scooters are priced between Rs 38,300 and Rs 41,300 (ex-showroom, Ahmedabad). though priced in the same range as Hero Honda Pleasure and TVS Scooty Pep, these are 5-6 per cent cheaper than market leader Honda Activa and have an engine that is 12-18 per cent larger. These are also 8-12 per cent cheaper than Suzuki Access. the company feels the pricing is strategic and sustainable. while Mathur declined to give details, he said sourcing components from China could give M&M an advantage in pricing.

As for the existing Kinetic models that Mahindra now markets, including Nova, Kine and 4S, the company is yet to take a decision on whether to phase out these in the long run. Mahindra had acquired assets of Kinetic Motors in 2008. Kinetic had launched Flyte, with a 125-cc engine, in 2007.

“We want to be present as an end-to-end player in the two-wheeler space and will take a call on these Kinetic models depending on the market feedback. We are looking at positioning our products uniquely,” Mathur said. currently, it is targeting the adult stylish male for the Rodeo, while the Duro is targeted at the entire family. the Flyte is for the woman commuter.

“In the 40 days since our launch, we have sold around 7,000 units on an average per month”, said Sanjay Mittal, vice-president, sales and customer care, Mahindra two-wheelers. the company has an annual manufacturing capacity of 500,000 two-wheelers at Pithampur, near Indore, in Madhya Pradesh.

Mahindra’s two-wheelers have 325 dealers. the plan is to take this to 375 by the end of the financial year. “Around 200 Kinetic dealers came in and the rest are our existing tractor and utility vehicle dealers,” Mittal said.

The two-wheeler market has been clocking a 15 per cent growth this financial year. the scooters segment is dominated by Honda Motorcycles and Scooters India, which have a 53 per cent share, followed by TVS & Hero Honda with 21 per cent and 14 per cent, respectively, and Suzuki with 8 per cent.

Howare you reading the Nifty’s movement this morning and how will you playthe index?

I think this istypical when you have negative news and you get a collapse worldwide. Wenormally get this knee-jerk reaction followed by a sharp pullback, so I am notsurprised partly on Friday and the follow-up today but I think if I was atrader, at least if I bought on Friday, around these 5000-5050 levels, there isa lot of resistance now, so I at least would book my trading profits if I didanything on Friday and then just sit quiet and let the market settle down, maybe even today or tomorrow and then take a fresh call.

I think that should be idealbecause I do not think these things go away very fast. We get the knee-jerk andthe pullback but then it drifts for sometime, so I think give it a day or two.Otherwise, I think the market is still fairly okay. I am glad we bounced back onFriday because 4900 for me is very crucial level on a closing basis,that’s 4910 is roughly the 50-day exponential moving average, so once itstarts to close below that and it gets a little problematic, so the fact that ithas bounced back above it, I think that’s a good thing that happened onFridayitself.

Nowmarkets are likely to be range bound and what kind of a trading range would yoube watching out at least for the session today and also tell us about the MSCIIndia rejig? We believe that’s going to be active with effect today, itstarts after markets close. How would stocks like HDIL and Suzlon behave afterthey get into the MSCI index?

Since status has beenannounced early on, I think if anybody has a portfolio based on that, a lot ofthe churning must have already happened. I think the interesting thing fromFriday’s move will be particularly Suzlon. I think that surprised quite abit of traders also for that stock to be up 5-6%. 76-76.5 is a crucial level, Ithink if it takes that, although it is not one of my favourites to trade, but Ithink if it does takes that out, the 76 range, then its probably headed towards84-85 but if it even reaches there, then I think that’s a good exit levelfor anybody that is stuck.

MUMBAI:Indices were on a firm foot on Wednesday as buying activity resumed across theboard ahead of November series expiry. however volatility later in the daycan’t be ruled out.

At 12:29 pm, Bombay StockExchange’s Sensex was at 17269.62, up 138.54 points or 0.81 per cent. The30-share index hit an intra-day high of 17284.30 and low of 17124.15.

National Stock Exchange’s Nifty was at 5123.25, up 32.05 points or0.70 per cent.

“Nifty depicted signs of weakness on shortterm charts with formation of distributive patterns. Short term oscillators havebeen depicting sign of weakness for some time. Despite the divergence the indexso far continued to form higher peaks and troughs. Failure to rally past 5110would lead to increasing weakness in the index. Short term supports are placedat 5050 and below that at 5020 while 5110 remain crucial supply zone. Trenddecider level remains at 4900 and 5185 which may lead for unfolding of a biggermove,” said Edelweiss report.

BSE Midcap Index was up 0.77 percent and BSE Smallcap Index gained 0.93 per cent.

amongst thesectoral indices, BSE Oil&gas Index was up 1.76 per cent, BSE Metal Indexmoved 1.33 per cent higher and BSE Auto Index gained 1.10 per cent. BSE RealtyIndex was down 0.22 per cent.

Reliance Industries (1.90%), Mahindra& Mahindra (1.75%), Hero Honda (1.66%), Maruti Suzuki (1.61%) and ITC(1.46%) were amongst the top Sensex gainers.

DLF (-0.86%), NTPC(-0.46%), ICICI Bank (-0.42%), Tata Power (-0.34%) and Wipro (-0.14%) wereamongst the top losers.

Market breadth was positive on the BSE with1608 advances and 913 declines.

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MUMBAI:Indices were on a firm foot on Wednesday as buying activity resumed across theboard ahead of November series expiry. however volatility later in the daycan’t be ruled out.

At 12:29 pm, Bombay StockExchange’s Sensex was at 17269.62, up 138.54 points or 0.81 per cent. The30-share index hit an intra-day high of 17284.30 and low of 17124.15.

National Stock Exchange’s Nifty was at 5123.25, up 32.05 points or0.70 per cent.

“Nifty depicted signs of weakness on shortterm charts with formation of distributive patterns. Short term oscillators havebeen depicting sign of weakness for some time. Despite the divergence the indexso far continued to form higher peaks and troughs. Failure to rally past 5110would lead to increasing weakness in the index. Short term supports are placedat 5050 and below that at 5020 while 5110 remain crucial supply zone. Trenddecider level remains at 4900 and 5185 which may lead for unfolding of a biggermove,” said Edelweiss report.

BSE Midcap Index was up 0.77 percent and BSE Smallcap Index gained 0.93 per cent.

Amongst thesectoral indices, BSE Oil&gas Index was up 1.76 per cent, BSE Metal Indexmoved 1.33 per cent higher and BSE Auto Index gained 1.10 per cent. BSE RealtyIndex was down 0.22 per cent.

Reliance Industries (1.90%), Mahindra& Mahindra (1.75%), Hero Honda (1.66%), Maruti Suzuki (1.61%) and ITC(1.46%) were amongst the top Sensex gainers.

DLF (-0.86%), NTPC(-0.46%), ICICI Bank (-0.42%), Tata Power (-0.34%) and Wipro (-0.14%) wereamongst the top losers.

Market breadth was positive on the BSE with1608 advances and 913 declines.

The 2 new mobile phone from Nokia the Nokia 6700 Slide and Nokia 7230 are both 3G handsets and focus on social networking and messaging. The Nokia 7230 runs S40 while the Nokia 6700 Slide is Symbian reports gsmarena

The Nokia 6700 Slide isn’t too unlike its sibling the 6700 Classic and packs tri-band HSDPA and HSUPA along with quad-band GSM, a 5 megapixel camera with Carl Zeiss lens and LED flash, 2.2 inch QVGA display, Bluetooth , microSD for up to 16GB, measures 95.2 x 46 x 15.9mm and weighs in at 110 grams.

On the other side of things the Nokia 7230 is a low to mid range offering with a 2.4 inch QVGA display, quad-band GSM, tri-band 3G, 3.2 megapixel camera with fixed focus, 3.5mm jack, Nokia Messaging support, measures 98 x 48 x 14.8mm and weighs 100 grams.

The Nokia 6700 Slide will be available in several colours while the Nokia 7230 handsets will be available in just two colours and both are expected in Q1 of 2010 with the Nokia 6700 Slide commanding $239 and the Nokia 7230 commanding $149.

Share a comment or problems with phones and networks.

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And there is no sign of any prolonged dry weather on the horizon.

For the first 15 days of November 214.9mm of rain fell in Fermanagh – but the long-term average rainfall for the entire month in the county is only 121.5mm.

A Met Office spokesman said none of the daily Fermanagh rainfall totals of the past month are of themselves in any way extreme or unusual for the time of year.

“It appears to be the consistently wet weather which has resulted in cumulative flooding,” he said.

“Since mid-October there have been only two entirely dry days in the county.”

For the first half of November, rainfall across Northern Ireland is running at 172.6 mm or 159 per cent of the long term average – so far the third wettest in the series back to 1914.

Since mid-October until now rainfall at St Angelo in Enniskillen has been measured at 287.2mm.

The Met Office said that it was simply the type of weather coming in from the Atlantic over Fermanagh that was responsible and that there would continue to be “an unsettled theme” for the rest of the month with “no prolonged dry weather” yet visible in forecasts.

Agriculture Minister Michelle Gildernew, who has responsibility for the Rivers Agency, visited Erneside Shopping Centre yesterday to witness the flooding.

The Fermanagh and South Tyrone MP said that Rivers Agency has been working with the Electricity Supply Board to ensure that lough levels were drawn down to the lowest permissible level in October 2009, to provide maximum storage during the winter months.

And she said that since November 5 the outflow channel has also been operating at maximum capacity.

However, in spite of this proactive management, the sheer amount of rainfall has resulted in the highest lough levels on record, she said, adding that all government authorities remain on “high alert”.

“My thoughts are with everyone affected and my heart goes out to those whose day-to-day business has been upset, particularly local schoolchildren whose education has been disrupted,” she said.

The minister said it will take time for water levels to fall and that a speedy review of the flooding incident will take place.

“The combined efforts of the emergency services, my own Rivers Agency staff, Roads Service, local councils and NI Water to assist those affected are a credit and I wish to express my sincere thanks to all of them,” she said.

She had spoken with Finance Minister Sammy Wilson to ensure the matter was kept an Executive priority, she added.

DUP Assembly Member for Fermanagh and South Tyrone, Arlene Foster, said the recent heavy rainfall and associated flooding has had a major impact in Fermanagh.

“Traffic delays are a significant problem in Enniskillen. there is widespread public concern that in the run-up to Christmas, traffic chaos in the town could get much worse,” she said.

For flooding information see nidirect.gov.uk or call the Emergency Flooding Incident Line on 0300 2000 100.

Mahindra Defence Systems (MDS), a unit of M&M will bid for defence projects in India worth $3.5 billion over the next seven years, said its chief executive yesterday.

Khutub Hai, head of MDS, a special division set up in New Delhi to oversee the requirements of the domestic defence sector told Reuters in an interview yesterday, ”Most of projects will come from artillery systems and armoured vehicles.”

Hai said that he hopes to increase revenues from the current $21.7 million to $430 million by 2016 through joint ventures.

In March 2009, M&M had sought shareholders’ approval to spin off two divisions of its defence unit into separate subsidiaries by transferring the land systems and naval systems divisions of MDS into separate companies. (See: M&M proposes to spin off land, sea defence units)

MDS is a current supplier of the entire range of light combat / armoured vehicles and their derivatives for defence / security forces. it also is the largest private sector company supplying bullet-proof vehicles and sea mines.

The company has been awarded industrial licenses by the government of India for Light Armoured Multi Role Vehicles, simulators for weapons and weapon systems, mobile surveillance platforms, sea mines, small arms and Up-armoured vehicles

MUMBAI:Indices were on a firm foot on Wednesday as buying activity resumed across theboard ahead of November series expiry. However volatility later in the daycan’t be ruled out.

at 12:29 pm, Bombay StockExchange’s Sensex was at 17269.62, up 138.54 points or 0.81 per cent. The30-share index hit an intra-day high of 17284.30 and low of 17124.15.

National Stock Exchange’s Nifty was at 5123.25, up 32.05 points or0.70 per cent.

“Nifty depicted signs of weakness on shortterm charts with formation of distributive patterns. Short term oscillators havebeen depicting sign of weakness for some time. Despite the divergence the indexso far continued to form higher peaks and troughs. Failure to rally past 5110would lead to increasing weakness in the index. Short term supports are placedat 5050 and below that at 5020 while 5110 remain crucial supply zone. Trenddecider level remains at 4900 and 5185 which may lead for unfolding of a biggermove,” said Edelweiss report.

BSE Midcap Index was up 0.77 percent and BSE Smallcap Index gained 0.93 per cent.

Amongst thesectoral indices, BSE Oil&gas Index was up 1.76 per cent, BSE Metal Indexmoved 1.33 per cent higher and BSE Auto Index gained 1.10 per cent. BSE RealtyIndex was down 0.22 per cent.

Reliance Industries (1.90%), Mahindra& Mahindra (1.75%), Hero Honda (1.66%), Maruti Suzuki (1.61%) and ITC(1.46%) were amongst the top Sensex gainers.

DLF (-0.86%), NTPC(-0.46%), ICICI Bank (-0.42%), Tata Power (-0.34%) and Wipro (-0.14%) wereamongst the top losers.

Market breadth was positive on the BSE with1608 advances and 913 declines.

Mahindra Defence Systems (MDS), a unit of M&M will bid for defence projects in India worth $3.5 billion over the next seven years, said its chief executive yesterday.

Khutub Hai, head of MDS, a special division set up in new Delhi to oversee the requirements of the domestic defence sector told Reuters in an interview yesterday, ”Most of projects will come from artillery systems and armoured vehicles.”

Hai said that he hopes to increase revenues from the current $21.7 million to $430 million by 2016 through joint ventures.

In March 2009, M&M had sought shareholders’ approval to spin off two divisions of its defence unit into separate subsidiaries by transferring the land systems and naval systems divisions of MDS into separate companies. (See: M&M proposes to spin off land, sea defence units)

MDS is a current supplier of the entire range of light combat / armoured vehicles and their derivatives for defence / security forces. it also is the largest private sector company supplying bullet-proof vehicles and sea mines.

The company has been awarded industrial licenses by the government of India for Light Armoured Multi Role Vehicles, simulators for weapons and weapon systems, mobile surveillance platforms, sea mines, small arms and Up-armoured vehicles