Page 69 - Companies

Global launch of new Xcent by Hyundai at Auto Expo in New Delhi

New Delhi, Feb 5 (ANI): South Korean automobile major Hyundai Motors has launched the new Xcent, a sub-four-metre sedan built on the Grand i10 platform. The new Xcent was unveiled at the ongoing Auto Expo in New Delhi, which also marks its global launch. Interacting with visitors and mediapersons at the event, the Managing Director and CEO, Hyundai Motor India, B.S. Seo, said that the new car is for those modern and contemporary Indian customers who are aspirational and seek higher values.

Tata Motors shows off their first new cars in four years

Tata Motors unveiled its first new models in four years, banking on two small cars to reverse the company's sliding passenger car sales in the face of growing foreign competition.

Tata motors promises to improve safety measures after crash tests fail

Tata motors assured to work on the safety of its cars after certain popular small Indian cars fail first ever independent crash tests, revealing high risk of serious injuries in road accidents.

Tata motors promises to improve safety measures after small cars fail crash tests

New Delhi, Feb 04 (ANI): Tata motors assured to work on the safety of its cars after certain popular small Indian cars fail first ever independent crash tests, revealing high risk of serious injuries in road accidents. A test conducted by GLOBAL NCAP, an independent UK based charity for consumer-orientated vehicle safety initiatives, showed disastrous results for some of the most popular running cars in India including Maruti Alto 800, Tata Nano, Ford Figo, Hyundai i10 and Volkswagen Polo. Following the reports, President of Tata Motors, Ranjit Yadav said that the company would meet the safety requirements of its cars as per global standards. The secretary general of Global NCAP, David Ward, said that it is important to give the consumer a safe car.

Tata Motors shows off first new cars in four years

New Delhi, Feb 04 (ANI): Tata Motors unveiled its first new models in four years, banking on two small cars to reverse the company's sliding passenger car sales in the face of growing foreign competition. In a bid to revive its fortunes, Tata is pinning its hopes for now on the all-new Bolt hatchback and Zest entry-level sedan to tap into the small car market that accounts for the bulk of passenger vehicle sales in India. Sales of Tata passenger vehicles in India fell an annual 37 percent in the first nine months of the fiscal year that ends in March, according to data from Society of Indian Automobile Manufacturers (SIAM).

BSE closes points 319.18 down on Feb 03

New Delhi, Feb 3 (ANI): Trading at the Bombay Stock Exchange today closed 319.18 points down to stand at 20194.67. At the National Stock Exchange the Nifty closed 87.70 points down to stand at6001.80. Indraprastha Gas Ltd and Gujarat State Petronet were among the top gainers of Group A with an increase of 7.74% and 4.52% along with Lupin and Petronet LNG with an increase of 4.33% and 4.19% respectively, while the top losers of Group A include JSW Steel and Oberoi Realty with a decrease of 7.11% and 6.41% along with Jet Airways and Hindalco Industries with a decrease of 6.30% and 5.48% at the close of the markets. The Auto sector is down 223.96 points at 11,344.91 while the banking sector is down 157.83 points at 11,554.48 and the realty sector is down 25.32 points at 1,186.28. The Indian currency is down 0.08% at Rs 62.73 per dollar.

CNG price slashed by Rs. 15, piped gas by Rs. 5 in Delhi

New Delhi, Feb 3 (ANI): Oil Minister Veerappa Moily on Monday announced that CNG price will be reduced by about Rs 15 per kg and piped natural gas by about Rs 5 per cubic metres in Delhi. Speaking on the same Moily said that it is a move to benefit people and if the move helps in polls, it would be incidental.

Steep hike in diesel price pinches common man across India

New Delhi/ Mumbai, Feb 01 (ANI): The sudden hike in the diesel price by Indian Oil Corporation came as a serious blow to the pockets of the common man who is already reeling under the spiraling inflation in the country. Indian Oil Corporation Limited (IOC), the country's biggest refiner, said that it would raise retail prices for diesel by one per cent, or 0.57 rupees, from Saturday in line with a plan to gradually align them with international prices. Considering the hike as burden, the residents of Mumbai expressed their ire over ruling Congress government's decision.

BSE closes points 36.21 down on Jan 29

New Delhi, Jan 29 (ANI): Trading at the Bombay Stock Exchange today closed 36.21 points down to stand at 20647.30. At the National Stock Exchange the Nifty closed 6.00 points down to stand at6120.25. Maruti Suzuki and Adani Enterprises Ltd were among the top gainers of Group A with an increase of 7.11% and 6.09% along with HPCL and Indian Oil Corporation with an increase of 5.61% and 5.35% respectively, while the top losers of Group A include Indian Overseas Bank and Sobha Developers Ltd with a decrease of 5.83% and 5.34% along with Pipavav Defence and Financial Technology with a decrease of 4.97% and 4.19% at the close of the markets. The Auto sector is up 13.96 points at 11,587.96 while the banking sector is down 72.06 points at 11,948.42 and the realty sector is down 4.87 points at 1,226.36. The Indian currency is up 0.25% at Rs 62.36 per dollar.

Banks to wait before hiking loan rates post RBI’s tightening

Top Indian bankers said that they would wait to observe inflation and market trends further, before increasing the interest rates of loans to citizens for balancing funds due to the sudden hike in repo rate by the RBI. Reserve Bank of India (RBI), surprisingly raised interest rates for lending money to commercial banks on Tuesday to dampen inflation.

Indian banks to wait before hiking loan rates post RBI's tightening

Mumbai, Jan 29 (ANI): Top Indian bankers said that they would wait to observe inflation and market trends further, before increasing the interest rates of loans to citizens for balancing funds due to the sudden hike in repo rate by the RBI. Reserve Bank of India (RBI), surprisingly raised interest rates for lending money to commercial banks on Tuesday to dampen inflation, saying it was now better prepared to deal with the risk of major capital outflows roiling emerging economies. The RBI, however, said that if retail inflation eases as projected, it does not foresee further near-term monetary policy tightening. The hike in repo rate could have a direct impact on the lending rates of funds borrowed by the citizens from the commercial banks. Meanwhile, chief of Indian Banks' Association, K.R. Kamath, said that banks would have to take a final call on the interest rates only after considering the burden on customers due to inflation.

BSE closes points 23.94 down on Jan 28

New Delhi, Jan 28 (ANI): Trading at the Bombay Stock Exchange today closed 23.94 points down to stand at 20683.51. At the National Stock Exchange the Nifty closed 9.60 points down to stand at6126.25. HDIL and Apollo Tyres were among the top gainers of Group A with an increase of 6.09% and 6.07% along with Future Retail and IPCA Lab with an increase of 4.26% and 3.89% respectively, while the top losers of Group A include Maruti Suzuki and IRB Infra with a decrease of 8.12% and 5.19% along with Suzlon Energy and Pipavav Defence with a decrease of 4.59% and 4.43% at the close of the markets. The Auto sector is up 18.64 points at 11,574.00 while the banking sector is down 36.58 points at 12,020.48 and the realty sector is up 13.17 points at 1,231.23. The Indian currency is up 0.67% at Rs 62.68 per dollar.

BSE closes points 389.88 down on Jan 27

New Delhi, Jan 27 (ANI): Trading at the Bombay Stock Exchange today closed 389.88 points down to stand at 20743.68. At the National Stock Exchange the Nifty closed 130.90 points down to stand at 6135.85. Glenmark Pharma and The Ramco Cements were among the top gainers of Group A with an increase of 5.49% and 3.54% along with Thermax and Hindustan Unilever with an increase of 2.60% and 2.46% respectively, while the top losers of Group A include Jaiprakash Associates and JP POWER with a decrease of 13.80% and 13.06% along with HDIL and GMR Infra with a decrease of 12.28% and 11.30% at the close of the markets. The Auto sector is down 397.76 points at 11,555.36 while the banking sector is down 499.10 points at 12,057.06 and the realty sector is down 89.11 points at 1,218.06. The Indian currency is down 0.72% at Rs 63.11 per dollar.

BSE closes points 240.10 down on Jan 24

New Delhi, Jan 24 (ANI): Trading at the Bombay Stock Exchange today closed 240.10 points down to stand at 21133.56. At the National Stock Exchange the Nifty closed 78.90 points up to stand at 6,266.75. Bharti Infratel and Mahindra and Mahindra Financial were among the top gainers of Group A with an increase of 2.50% and 2.40% along with Dabur India and Asian Paints Ltd. with an increase of 1.17% and 1.11% respectively, while the top losers of Group A include Ranbaxy Lab and Canara Bank with a decrease of 19.33% and 6.67% along with Biocon and Oriental Bank with a decrease of 5.61% and 5.48% at the close of the markets. The Auto sector is down 191.16 points at 11,953.12while the banking sector is down 240.70 points at 12,556.16 and the realty sector is down 43.02 points at 1,307.17. The Indian currency is up 0.28% at Rs 62.38per dollar.

BSE closes points 68.23 up on Jan 22

New Delhi, Jan 22 (ANI): Trading at the Bombay Stock Exchange today closed 68.23 points up to stand at 21319.35. At the National Stock Exchange the Nifty closed 19.80 points up to stand at 6,333.60.Jaypee Infratech Ltd and Torrent Power were among the top gainers of Group A with an increase of 5.18% and 3.58% along with Century Textiles and Bajaj Finserv Ltd. with an increase of 3.51% and 2.99% respectively, while the top losers of Group A include Mphasis and Mahindra and Mahindra Financial Services Ltd. with a decrease of 5.28% and 5.26% along with Dabur India and Berger Paints with a decrease of 4.06% and 3.04% at the close of the markets. The Auto sector is up 16.65 points at 12,256.39 while the banking sector is up 4.17 points at 12,773.68 and the realty sector is up 4.75 points at 1,348.40. The Indian currency is up 0.10% at Rs 61.82 per dollar.

BSE closes points 129.88 up on Jan 20

New Delhi, Jan 20 (ANI): Trading at the Bombay Stock Exchange today closed 129.88 points up to stand at 21,192.88. At the National Stock Exchange the Nifty closed 42.30 points up to stand at 6,303.95. MCX and Aurobindo Pharma were among the top gainers of Group A with an increase of 10.86 % and 6.31% along with Reliance Communication Ltd and Tata Consultancy with an increase of 6.11% and 5.53% respectively, while the top losers of Group A include Mahindra and Mahindra Financial Services and McLeod Russel with a decrease of 2.42% and 2.22% along with TTK Prestige and RIL with a decrease of 1.77% and 1.70% at the close of the markets. The Auto sector is up 86.40 points at 12,114.46 while the banking sector is up 93.66 points at 12,574.74 and the realty sector is up 9.29 points at 1,335.79. The Indian currency is down 0.07% at Rs 61.59 per dollar.

BSE closes points 187.51 down on Jan 17

New Delhi, Jan 17 (ANI): Trading at the Bombay Stock Exchange today closed 187.51 points down to stand at 21,077.67. At the National Stock Exchange the Nifty closed 48.20 points down to stand at 6,270.70. Indian Oil Corp and HPCL were among the top gainers of Group A with an increase of 6.08% and 4.61% along with BPCL and Reliance Communications with an increase of 2.63% and 2.59% respectively, while the top losers of Group A include MCX and TCS with a decrease of 6.13% and 5.59% along with Tech Mahindra and Financial Tech with a decrease of 5.03% and 4.99% at the close of the markets. The Auto sector is down 12.65 points at 12,011.22 while the banking sector is down 184.03 points at 12,496.49 and the realty sector is down 32.62 points at 1,326.43. The Indian currency is up 0.18% at Rs 61.43 per dollar.

BSE closes points 24.31 down on Jan 16

New Delhi, Jan 16 (ANI): Trading at the Bombay Stock Exchange today closed 24.31 points down to stand at 21,265.18. At the National Stock Exchange the Nifty closed 2.00 points down to stand at 6,318.90. Gitanjali Gems and Wockhardt were among the top gainers of Group A with an increase of 9.95 % and 4.33% along with Bharat Forge and HCL Tech with an increase of 4.26% and 4.23% respectively, while the top losers of Group A include Idea Cellular and Bharti Airtel with a decrease of 7.25% and 4.84% along with Max India and Reliance Communications Ltd. with a decrease of 4.37% and 4.18% at the close of the markets. The Auto sector is down 101.67 points at 12,023.87 while the banking sector is down 26.09 points at 12,680.52 and the realty sector is up 3.08 points at 1,359.05. The Indian currency is up 0.02% at Rs 61.53 per dollar.

Fiscal deficit will be contained at 4.8 % of GDP: Chidambaram

New Delhi, Jan 16 (ANI): India's fiscal deficit will be contained at 4.8 percent of the Gross Domestic Product (GDP) in the current fiscal year ending March, said finance minister, P Chidambaram, hinting at possible cuts in government spending. The finance minister expressed his "unflinching commitment" to contain the fiscal deficit, at a time when the deficit in the first eight months of the fiscal year has touched 93.9 percent of the full-year target. Meanwhile, the minister attributed the decline in growth to global factors and said he was confident that Indian economy would soon recover and show high growth in next three years.

BSE closes points 240.50 up on Jan 15

New Delhi, Jan 15 (ANI): Trading at the Bombay Stock Exchange today closed 240.50 points up to stand at 21,273.45. At the National Stock Exchange the Nifty closed 79.05 points up to stand at 6320.90.Max India and Future Retail were among the top gainers of Group A with an increase of 8.65% and 6.33% along with Unitech and Bank of India with an increase of 5.22% and 4.09% respectively, while the top losers of Group A include Prestige Estates and Nestle India with a decrease of 3.45% and 2.49% along with Mcleod Russel and Amara Raja with a decrease of 2.49% and 2.45% at the close of the markets. The Auto sector is up 153.91 points at 12,133.76 while the banking sector is up 185.70 points at 12,692.97 and the realty sector is up 17.90 points at 1,356.30.The Indian currency is down 0.15% at Rs 61.62 per dollar.