Tata Motors' sales in the domestic and international market, stood at 36,376 vehicles in September 2019, compared to 69,991 units in September 2018. The announcement was made after market hours on Tuesday, 1 October 2019.
Hero MotoCorp sold 6.12 lakh units of motorcycles and scooters in September 2019. With this, the company registered a growth of 12.6% over August 2019 when it had sold 5.43 lakh units. To add cheer to the festive season, Hero MotoCorp has introduced a holistic range of benefits and schemes, covering sales and after-sales for customers around the country. The announcement was made after market hours on Tuesday, 1 October 2019.
M&M along with Ford Motor Company Inc., USA (FMC) has executed a Business Transfer Agreement and Share Subscription Agreement to enable the formation of a joint venture by way of the company and/ or its subsidiaries acquiring 51 % of the equity share capital of Ardour Automotive Private Limited, presently a wholly owned subsidiary of FMC (NewCo) in India. The balance 49% equity shareholding in NewCo will be held by FMC and/ or any of its affiliates. NewCo will acquire the automotive business of Ford India Private Limited (FIPL), a wholly owned subsidiary of FMC. Upon completion of the business transfer, the Agreements contemplate the execution of a Joint Venture Agreement and other ancillary documents between the company and/ or its Subsidiaries and FMC and/ or any of its affiliates. The announcement was made after market hours on Tuesday, 1 October 2019.
Infosys announced a new strategic program, Innov8, to accelerate enterprise digital transformation journeys using SAP digital solutions. As part of the program, Infosys and SAP are in talks to create a joint go-to-market engagement model between project Embrace from SAP and Infosys' Innov8 program. The joint engagement model is intended to help companies accelerate their digital transformation based on SAP S/4HANA to build intelligent enterprises. The announcement was made after market hours on Tuesday, 1 October 2019.
Yes Bank said that the forced sale of 10 crore equity shares (3.92% of the bank's equity share capital) triggered by an invocation of pledge on the equity shares of a large stakeholder. With this sale, the entire pledge stands extinguished and all sale under the same is duly completed. The bank said that it's financial and operating metrics remain intrinsically sound and stable with liquidity position well in excess of regulatory requirements. The announcement was made yesterday, 2 October 2019, when stock markets were closed for local holiday.
Shares of GMR Infrastructure will be in focus. The approval of the Competition Commission of India has been received for the proposed equity investment from Tata Group, GIC affiliate and SSG affiliate at GMR Airports, subsidiary of the company. The announcement was made before market hours today, 3 October 2019.
TVS Motor Company registered sales of 3.15 lakh units in September 2019 as against sales of 4.23 lakh units in September 2018. Planned rationalisation of BS IV stocks is reflecting in the sales growth difference between September 2018 and September 2019. The announcement was made after market hours on Tuesday, 1 October 2019.
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