Tata Motors announced after market hours yesterday, 11 January 2016, that Tata Motors Group global wholesales including Jaguar Land Rover rose 7% at 91,762 units in December 2015 over December 2014. Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range rose 6% at 32,475 units in December 2015 over December 2014. Global wholesales of all passenger vehicles rose 8% at 59,287 units in December 2015 over December 2014. Global wholesales of Tata Motors' passenger vehicles declined 32% at 8,371 units in December 2015 over December 2014.
Housing Development Finance Corporation (HDFC) announced after market hours yesterday, 11 January 2016, that HDFC Standard Life Insurance Company, a material subsidiary of the Corporation, on 10 January 2016, has incorporated a wholly-owned subsidiary in the Dubai International Financial Centre (DIFC) called the 'HDFC International Life and Re Company Limited' (HILRCL) with an initial capital outlay of $12.33 million. Further, HILRCL will operate in DIFC, and shall shortly commence its business operations, subject to completion of further regulatory formalities for obtaining the final license from the Dubai Financial Services Authority. HILRCL would be in the business of offering reinsurance capacity to ceding insurers and may also foray into directly underwriting insurance contracts, subject to receipt of necessary approvals. It would initially offer reinsurance capacity in the UAE and subsequently expand to other jurisdictions, using either of the aforesaid business models.
IndusInd Bank and TCS will announce their Q3 results today, 12 January 2016.
Oil exploration, PSU OMCs and airline stocks wil be in focus as crude oil prices witnessed a further slide. In the global commodities markets, Brent for February settlement lost $2 a barrel or 5.96% to settle at $31.55 a barrel during the previous trading session.
Indian Bank announced after market hours yesterday, 11 January 2016, that pursuant to the bank's strategic plan discussed by its board on 26 October 2015, the bank is proposing to seek the approval of its board in the ensuing board Meeting to be held on 19 January 2016 to permit the bank to raise Basel III compliant Tier II bonds for Rs 1100 crore in one or more tranches in the current or subsequent years based on the requirement.
Fiem Industries announced after market hours yesterday, 11 January 2016, that on 11 January 2016, the newly set-up unit of the company, Unit-9, Survey No. 151-153, Village Karsanpura, Taluka- Mandal, Distt- Ahmedabad 382123, Gujarat has started commercial production / supply. This unit has been set-up to manufacture and supply automotive parts i.e. automotive lighting & signaling equipments, rear view mirrors and plastic molded parts to new factory of the company's esteemed customer Honda Motorcycle & Scooter India (HMSI) in Gujarat.
PI Industries announced after market hours yesterday, 11 January 2016, that the company has commenced the commercial production at its third unit located at Sterling SEZ facility, Jambusar in State of Gujarat from 11 January 2016.
Powered by Capital Market - Live News
