Finance

Superbikes bandwagon makes inroads as high top end bikemakers unveil made-for-India bikes

Greater Noida, Feb 11 (ANI): International bikemakers such as Harley Davidson, Triumph Motorcycles Yamaha and Ducati showcased their trendiest models to awe-struck Indian bikers at the 12th Auto Expo held in Greater Noida recently. The top end bikemakers displayed some machismo cruiser style and chopper designs targeting the domestic market.

Feb 11, 2014

BSE closes points 56.62 down on Feb 10

New Delhi, Feb 10 (ANI): Trading at the Bombay Stock Exchange today closed 56.62 points down to stand at 20319.94. At the National Stock Exchange the Nifty closed 9.75 points down to stand at 6053.45.Muthoot Finance and Apollo Tyres were among the top gainers of Group A with an increase of 4.74% and 3.82% along with Wockhardt Ltd. and DLF Ltd. with an increase of 3.62% and 2.94% respectively, while the top losers of Group A include Idea Cellular Ltd. and Reliance Communications Ltd with a decrease of 8.54% and 4.03% along with Godrej Industries Ltd and Aurobindo Pharma with a decrease of 3.91% and 3.85% at the close of the markets. The Auto sector is up 13.41 points at 11,804.69 while the banking sector is down 59.61 points at 11,683.77 and the realty sector is up 26.85 points at 1,232.20.The Indian currency is down 0.14% at Rs 62.37 per dollar.

Feb 10, 2014

Children sing, dance and participate in hi-tech gaming sessions at Indian Auto Expo

Greater Noida, Feb 10 (ANI): Children sang and danced with their favourite cartoon characters while participating in hi-tech gaming sessions at the Indian Auto Expo in Greater Noida. In order to attract large number of children and families to the event, various activities were organized to keep the visitors entertained. Few children were seen participating in hi-tech video games session while some others were engrossed in modeling toy cars. Japanese auto and bike maker Honda invited Indian animation superstar 'Chota Bheem' and his best friend 'Chutkiat' at their motor cycle and scooter pavilion. Children participating in the games loved the arrangements.

Feb 10, 2014

State-of-art concept cars glisten at the Indian auto expo

Greater Noida, Feb 10 (ANI): The Indian auto expo grabbed many eyeballs with its state-of-the-art new models, with automobile giants like Hyundai, Maruti Suzuki and Renault bringing their ‘out-of-the-box’ concept cars to the world’s sixth largest car market country. German luxury carmaker, Audi, displayed its coupe concept car -- the Sport Quattro – which with a front fascia and exposed LED headlights looks stunning. The concept is powered by hybrid powertrain, and can run up to 50 kilometers solely on electricity. BMW unveiled its lavish electric concept car, BMW i8 - first seen in Hollywood super-hit 'Mission Impossible 4'. Designed to look like a car straight from the space-age, the BMW i8 has powerful electric and petrol engines.

Feb 10, 2014

Akshay Kumar unveils Honda's new range of motorbikes at Indian auto expo

Greater Noida, Feb 09 (ANI): Bollywood actor Akshay Kumar, who is also the face of Japanese auto and bike maker Honda's two wheeler segment, unveiled new range of motorbikes at the 12th edition of Indian Auto Expo in Greater Noida. Top automobile brands have unveiled the latest edition of high-end cars at the Auto Expo 2014 that kicked off in Greater Noida on Wednesday. The event also saw the presence of high-profile industrialists like Ratan Tata, Bollywood actress Priyanka Chopra and cricket legend Sachin Tendulkar.

Feb 9, 2014

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