Hero MotoCorp's total two-wheeler sales fell 3.07% to 5.24 lakh units in December 2013 over December 2012. The company sold record 61.83 lakh units of two-wheelers in the period January-December 2013, up 1.04% compared with 61.20 lakh two-wheelers sold in calendar year 2012.
Tata Motors reported 42.28% decline in its total vehicle sales at 37,852 units in December 2013 over December 2012. Total passenger vehicle sales in the domestic market fell 34.63% to 9,272 units in December 2013 over December 2012.
In the commercial vehicles segment, the company's sales declined by 45.83% to 25,738 units in the domestic market in December 2013 over December 2012. Tata Motors' exports declined by 26.79% to 2,842 units in December 2013 over December 2012.
Ashok Leyland reported 13.97% decline in sales at 6,275 units in December 2013 over December 2012. Sales of medium and heavy commercial vehicles fell 25.62% at 3,890 units in December 2013 over December 2012. Light commercial vehicles sales rose 15.55% to 2,385 units in December 2013 over December 2012.
State Bank of India after market hours on Thursday, 2 January 2014 said that the Executive Committee of the Central Board of the bank, in its meeting held on Thursday, 2 January 2014, has accorded its approval for the issuance and allotment of 1.12 crore equity shares, ranking pari-passu with the existing equity shares of the bank in all respect, including dividend, at an issue price of Rs 1782.74 per share to the Government of India (GoI) on preferential basis.
The Committee has also approved the allotment of Basel III compliant Tier 2 bonds of Rs 2000 crore, issued for 120 months (10 year bullet), at an annually payable coupon of 9.69%, by way of private placement.
TVS Motor Company after market hours on Thursday, 2 January 2014 said its total vehicle sales rose 2% at 159,495 units in December 2013 over December 2012. The company's total exports rose 27% to 25,797 units in December 2013 over December 2012.
Total two wheeler sales rose 1% to 153,358 units in December 2013 over December 2012. Domestic two wheeler sales declined 1.4% to 132,664 units in December 2013 over December 2012. Two wheeler exports registered a growth of 21% to 20,694 units in December 2013 over December 2012.
Scooters sales grew 38% to 41,817 units in December 2013 over December 2012. Motorcycle sales declined 4.37% to 57,576 units in December 2013 over December 2012. Three wheeler sales surged 37% to 6,137 units in December 2013 over December 2012, the company said.
Alstom T&D India after market hours on Thursday, 2 January 2014 said that it has secured an order worth about Rs 54.40 crore (euro 6.5 million), for a turnkey 220kV Air-Insulated substation (AIS) at Bihta and associated 220/132/33kV bays extensions at various locations for Bihar State Power Transmission Company (BSPTCL) in Bihar.
The state government of Bihar plans to add a number of new 400kV/220 kV voltage level substations at various locations in the state in near future. In this context, the substation at Bihta is important as it is the first in the series in the energy expansion plan of the state. It also aims to strengthen the state's transmission network at 220kV level, Alstom T&D India said in a statement.
Commenting on the contract win, Rathin Basu, Managing Director, Alstom T&D India said, Alstom T&D India is happy to earn the confidence of BSPTCL to build the T&D infrastructure of the state. Alstom T&D India, with its leading edge technologies and turnkey project expertise, is strongly poised to support the transmission growth plans of Bihar. Alstom T&D India has a wide repertoire of products and solutions for the high voltage and ultra-high voltage electricity transmission".
Hindustan Construction Company (HCC) after market hours on Thursday, 2 January 2014 said that it has been awarded a prestigious contract worth Rs 442.52 crore by IRCON International to construct one tunnel and two bridges between Aprinchala and Sumber stations on Dharam and Qazigund Section of the Udhampur Srinagar Baramulla New Broad Gauge Railway Line Project. The project will be completed in 48 months.
IRCON International, an autonomous constructing agency for the Indian Railways, was entrusted with the task to construct Bararnulla to Dharam section of the Udhampur Srinagar Baramulla rail link.
Excel Crop Care's board of directors at a meeting held on Thursday, 2 January 2014, assessed prospects of the scheme of arrangement between TML Industries and Excel Crop Care and their respective shareholders and creditors securing requisite shareholder approval. The Board has reconsidered the proposal and has decided not to pursue the scheme.
South Indian Bank after market hours on Thursday, 2 January 2014 said that V. G. Mathew, has joined as Executive Vice President of the bank with effect from 2 January 2014. Before joining the bank, he was occupying the position of Chief General Manager (Corporate Accounts Group) of State Bank of India.
Claris Lifesciences said its board will meet on 7 January 2014, to consider a proposal for buyback of equity shares.
Rasoya Proteins said its board considered issuing equity shares to executive director, senior managers and their relatives (other than promoters) on preferential basis.
Powered by Capital Market - Live News
