New book by Larry Connors Click here Improve your trading - See how
TMC, which has so far organised 141 different types of cultural programmes titled "Toyota Classic", raising about Rs 30 crore as part of its corporate social responsibility (CSR) since 1990, will organise a show by the Austrian orchestra in Mumbai this evening.
"Toyota Classic will for the first time organise a cultural night in India. Along with the Austrian troupe, our own renowned violinist L Subramaniam will also perform there," Toyota Kirloskar Motor (TKM) Whole Time Director Shekar Viswanathan told PTI.
"From the event we will generate about Rs 15 lakh, which will be donated to an NGO -- Save the Children -- an organisation working towards the empowerment of disadvantaged children and women," Viswanathan said.
He said all the tickets of the concert have already been sold.
TKM recently announced to double the investment to about Rs 3,200 crore in its second manufacturing facility, being constructed at Bangalore, for rolling out a "strategic" small car by 2011.
When asked about the reason for enhancement of the company's investments in the country amidst a slowdown in auto market, Viswanathan said: "We increased the investment because we are able to expand the requirement of our proposed new car, and our company is doing well in the country." He said the construction of the new plant was on track and it would start commercial production from 2010-end.
On positioning of the small car, Viswanathan said, "It will be strategically positioned above Maruti 800." The company would also export the small car after catering to the domestic market.
"Our first priority is the domestic market, but we can also export if we get proper opportunity. We are currently exploring European and Asian markets for that," Viswanathan said.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403
© Copyright 2009 The Connors Group, Inc.
