Finance

Young women find gusto on India's roads as new scooters hit auto market

Uttar Pradesh/ Punjab, Feb 9 (ANI): Flashy new, light-weight scooters are a hit among Indian women, with sales growing faster than the overall two-wheeler market, reflecting a deeper change in attitude and society. 'Plush pink' and 'burgundy bliss' scooters are the new buzz on India's roads, even as the rest of the autos market is sputtering amid an economic slowdown.

Feb 9, 2014

John Abraham endorses Yamaha motorbike at Auto Expo

Greater Noida, Feb 08 (ANI): Bollywood actor John Abraham, who is also the face of Japanese bike maker Yamaha, endorsed new models at the 12th edition of Indian Auto Expo in Greater Noida. The Auto Expo grabbed eyeballs as automobile giants like Range Rover, Hyundai, Suzuki and Yamaha showcased their glistening state-of-the-art models. Abraham, who is the brand ambassador and a fan of Yamaha bikes, launched the power pact upgraded versions of Yamaha's R1 and VMax motorbikes. A number of concept cars, utility vehicles and many new models were launched at the opening day of the automobile show at a time when the sector is going through a slump.

Feb 8, 2014

BSE closes points 70.03 up on Feb 7

New Delhi, Feb 7 (ANI): Trading at the Bombay Stock Exchange today closed 70.03 points up to stand at 20380.77. At the National Stock Exchange the Nifty closed 26.90 points up to stand at 6063.20. L&T Finance Holdings and Muthoot Finance were among the top gainers of Group A with an increase of 7.65% and 7.20% along with Tata Steel and TV18 Broadcast with an increase of 6.82% and 6.54% respectively, while the top losers of Group A include Financial Technology and Power Finance with a decrease of 4.99% and 4.63% along with Idea Cellular Ltd and MRF Ltd with a decrease of 4.48% and 3.25% at the close of the markets. The Auto sector is up 105.41 points at 11,806.52 while the banking sector is up 75.78 points at 11,744.18 and the realty sector is up 12.08 points at 1,205.08. The Indian currency is down 0.05% at Rs 62.40 per dollar.

Feb 7, 2014

BSE closes points 49.71 up on Feb 6

New Delhi, Feb 6 (ANI): Trading at the Bombay Stock Exchange today closed 49.71 points up to stand at 20310.74. At the National Stock Exchange the Nifty closed 13.90 points up to stand at 6036.30. Jet Air India and Tata Communications were among the top gainers of Group A with an increase of 10.93% and 7.78% along with Coal India Ltd. and Power Finance with an increase of 4.59% and 4.53% respectively, while the top losers of Group A include Indiabulls Real Estate and Prestige Estates with a decrease of 3.36% and 3.33% along with IRB Infra and Jaiprakash Associates with a decrease of 2.96% and 2.70% at the close of the markets. The Auto sector is up 98.72 points at 11,701.11 while the banking sector is down 26.63 points at 11,668.40 and the realty sector is down 19.05 points at 1,193.00. The Indian currency is up 0.16% at Rs 62.47 per dollar.

Feb 6, 2014

Maruti Suzuki unveils global models at Auto Expo 2014

Greater Noida, Feb 5 (ANI): India's biggest carmaker, Maruti Suzuki India Limited, unveiled global models Concept Ciaz and SX4 S-Cross on Wednesday at Indian Auto Expo 2014 to enhance its position in the bigger sedan segment and boost its sales in the face of growing foreign competition.

Feb 5, 2014

BSE closes points 43.44 up on Feb 5

New Delhi, Feb 5 (ANI): Trading at the Bombay Stock Exchange today closed 43.44 points up to stand at 20255.37. At the National Stock Exchange the Nifty closed 21.05 points up to stand at 6021.95. Essar Oil Ltd. and Amara Raja were among the top gainers of Group A with an increase of 7.43% and 6.47% along with Ranbaxy Lab and Power Finance with an increase of 5.69% and 5.47% respectively, while the top losers of Group A include Idea Cellular Ltd. and Jubilant Foodworks Ltd. with a decrease of 4.60% and 3.05% along with SHRIRAM CITY UNION FINANCE LTD and IRB Infra with a decrease of 3.03% and 2.69% at the close of the markets. The Auto sector is up 186.47 points at 11,602.39 while the banking sector is up 35.99 points at 11,695.03 and the realty sector is up 19.01 points at 1,212.05. The Indian currency is up 0.14% at Rs 62.44 per dollar.

Feb 5, 2014

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

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

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

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

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

BSE closes points 0.04 up on Jan 31

New Delhi, Jan 31 (ANI): Trading at the Bombay Stock Exchange today closed 0.04 points up to stand at 20498.29. At the National Stock Exchange the Nifty closed 13.20 points up to stand at 6086.90. Motherson Sumi and Suzlon Energy were among the top gainers of Group A with an increase of 12.28% and 9.92% along with CESC Ltd. and Indian Overseas Bank with an increase of 8.84% and 8.62% respectively, while the top losers of Group A include Essar Oil and National Alumini with a decrease of 8.38% and 5.68% along with Pipavav Defence & Offshore Engineering Company Ltd. and Jet Airways India with a decrease of 4.94% and 4.45% at the close of the markets. The Auto sector is down 36.44 points at 11,582.79 while the banking sector is up 95.07 points at 11,713.75 and the realty sector is up 18.61 points at 1,210.80. The Indian currency is down 0.08% at Rs 62.64 per dollar.

Jan 31, 2014

BSE closes points 140.41 down on Jan 30

New Delhi, Jan 30 (ANI): Trading at the Bombay Stock Exchange today closed 140.41 points down to stand at 20506.89. At the National Stock Exchange the Nifty closed 46.55 points down to stand at6073.70. Crompton Greaves and Oberoi Realty were among the top gainers of Group A with an increase of 9.48% and 6.66% along with Titan Company and IRB Infra with an increase of 3.94% and 3.73% respectively, while the top losers of Group A include Bank of India and United Spirits with a decrease of 10.06% and 7.19% along with HDIL and Godrej Industries Ltd with a decrease of 6.56% and 6.32% at the close of the markets. The Auto sector is up 47.02 points at 11,634.98 while the banking sector is down 309.01 points at 11,628.03 and the realty sector is down 26.70 points at 1,197.33. The Indian currency is down 0.57% at Rs 62.77 per dollar.

Jan 30, 2014

BSE closes points 140.41 down on Jan 30

Jan 30, 2014

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.

Jan 29, 2014