Finance

BSE closes points 180.94 up on Feb 14

New Delhi, Feb 14 (ANI): Trading at the Bombay Stock Exchange today closed 180.94 points up to stand at 20374.29. At the National Stock Exchange the Nifty closed 51.50 points up to stand at 6052.60. Financial Technologies and Tata Motors Ltd. were among the top gainers of Group A with an increase of 4.99% and 3.47% along with Bharti Infratel and SAIL with an increase of 2.76% and 2.73% respectively, while the top losers of Group A include Bajaj Auto and HDIL with a decrease of 2.94% and 2.53% along with Jain Irrigation and TV18 Broadcast with a decrease of 2.48% and 2.36% 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 0.38% at Rs 62.18 per dollar.

Feb 14, 2014

2014 Auto Expo ends with hope for boost in automobile sales

Greater Noida, Feb 12 (ANI): The curtains came down on the 12th edition of Auto Expo in Greater Noida with the hope that positivity around the show will spark a revival in demand after a prolonged slump in sales. Automobile giants resorted to different strategies and tactics in order to lure consumers, offered discount packages to boost sales. Car sales fell to 160,289 vehicles last month, as consumers kept a tight lid on spending, hurt by high interest rates and fuel costs in a slowing economy. Sales of passenger vehicles, which include cars and utility vehicles, fell 9.3 percent in January. The Deputy Director General of Society of Indian Automobile Manufacturers (SIAM), Sugato Sen said the taxes imposed on the automobiles resulted in decline of sales in the passenger car segment.

Feb 12, 2014

BSE closes points 73.96 up on Feb 12

New Delhi, Feb 12 (ANI): Trading at the Bombay Stock Exchange today closed 73.96 points up to stand at 20437.33. At the National Stock Exchange the Nifty closed 17.10 points up to stand at 6079.80. Muthoot Finance and Crompton Greav were among the top gainers of Group A with an increase of 9.78% and 5.29% along with Motherson Sumi and Financial Technology with an increase of 4.91% and 4.61% respectively, while the top losers of Group A include Tata Steel and India bulls Real Estate with a decrease of 4.19% and 3.48% along with United Brew-$ and Cairn India with a decrease of 3.29% and 3.00% 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 0.19% at Rs 62.10 per dollar.

Feb 12, 2014

Car sales fall in January, no respite seen: SIAM

New Delhi /Noida, Feb 12 (ANI): Car sales in India fell 7.6 percent in January, the fourth straight month of decline, according to figures released by the Society of Indian Automobile Manufacturers (SIAM), in a market set to fall for the second straight year. Car sales fell to 160,289 vehicles last month, the industry body said, as consumers kept a tight lid on spending, hurt by high interest rates and fuel costs in a slowing economy. Sales have fallen 5.2 percent so far this fiscal year that ends in March. The Deputy Director General of Society of Indian Automobile Manufacturers (SIAM), Sugato Sen, said that the auto industry is hoping that the government may cut factory gate duties when it presents the interim budget while there are no signs of an immediate recovery.

Feb 12, 2014

BSE closes points 27.98 up on Feb 11

New Delhi, Feb 11 (ANI): Trading at the Bombay Stock Exchange today closed 27.98 points up to stand at 20362.25. At the National Stock Exchange the Nifty closed 9.45 points up to stand at 6062.90. Muthoot Finance and Bharat Forge were among the top gainers of Group A with an increase of 10.74% and 6.12% along with JPPOWER and Motherson Sumi Systems with an increase of 5.83% and 4.61% respectively, while the top losers of Group A include Mangalore Refinery and MCX with a decrease of 4.20% and 3.95% along with UPL and RAMCO CEMENT with a decrease of 3.83% and 3.27% 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 0.24% at Rs 62.28 per dollar.

Feb 11, 2014

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