Business news

global-launch-of-new-xcent-by-hyundai-at-auto-expo-in-new-delhi

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. Feb 5, 2014
tata-motors-shows-off-first-new-cars-in-four-years

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). Feb 4, 2014
tata-motors-promises-to-improve-safety-measures-after-small-cars-fail-crash-tests

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. Feb 4, 2014
bse-closes-points-319-18-down-on-feb-3

BSE closes points 319.18 down on Feb 3

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. Feb 3, 2014
cng-price-slashed-by-rs-15-piped-gas-by-rs-5-in-delhi

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. Feb 3, 2014
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