Tata Motors British luxury car unit Jaguar Land Rover (JLR) on Thursday, 10 April 2014 said that the company's sales rose 8% to 124,776 vehicles in Q1 March 2014 over Q1 March 2013. Sales for Jaguar Land Rover rose 3% to 55,183 units in March 2014 over March 2013.
Jaguar sales rose 19% to 24,031 vehicles in the first quarter of 2014 over the first quarter of 2013. In March, Jaguar sales rose 19% to 11,731 vehicles over the previous year.
In the first quarter of 2014, Land Rover sales rose 6% to 100,745 vehicles over the previous year. Land Rover sales stood at 43,452 vehicles in March 2014, in line with prior year.
Commenting on the quarterly performance Andy Goss, Jaguar Land Rover Group Sales Operations Director said: This has been a strong start to the year for both brands thanks to continued global demand for our latest model offerings. The F-TYPE Coupe has just been launched to the world's media to critical acclaim and Land Rover are set to reveal a Discovery Vision Concept car at the New York International Auto Show, to showcase Land Rover's design vision for a new family of Discovery vehicles.
IT shares will be in focus after Nasdaq-listed iGate Corporation's net profit declined 9% in the March 2014 quarter to $31.6 million, missing analysts' estimates due to increased visa costs.
The Reserve Bank on Thursday, 10 April 2014 said foreign investors would now have to get prior permission for buying shares in IndusInd Bank as such investment limit in the entity has reached the trigger limit.
With reference to the news item appeared in leading news paper about speculating a merger between HCL Infosystems and HCL Technologies, HCL Technologies has clarified that no such matter is under consideration by the board or the shareholders of the company. Further, in response to the news item, HCL Corporation has issued a statement stating 'HCL Corporation and associate companies emphatically state there are no plans or possibility of any merger of HCL Infosystems and HCL Technologies'. The company made announcement after market hours on Thursday, 10 April 2014.
With reference to increase in price & volume movement, Adani Enterprises has clarified that the company keeps the exchange informed about events, information etc, including price sensitive information in accordance with regulatory requirements. In the present case, the company does not have any important information/announcement to be shared. In the event that there is any development that requires disclosure, the company will make the same in accordance with regulatory requirements, the company said. The company made announcement after market hours on Thursday, 10 April 2014.
Trent said that the board of directors of the company at its meeting held on 10 April 2014, has reappointed Mr. Philip Auld as the Chief Executive Officer and Manager of the company for a further period of three years with effect from 1 May 2014, subject to necessary approvals.
SKF India turn ex-dividend today, 11 April 2014 for dividend of Rs 7.50 per share for the year ended 31 December 2013.
GTL Infrastructure said that the Committee of the Company at its meeting held on 10 April 2014 has considered and allotted 18,55,418 equity shares consequent upon conversion of 342 foreign currency convertible bonds (FCCBs) of $1,000 each (Conversion A Bonds) at a conversion price of Rs 10 per share, in terms of the Offering Circular dated 17 October 2012 for issue of $11,17,40,000 Zero Coupon Compulsorily Convertible Bonds due 2017 (Series A Bonds).
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