Snehal khanna Blog

Passenger vehicles grew 14.4% over the same period last fiscal LATEST NEWS :  Homegrown auto major Tata Motors today reported a threefold jump in consolidated profit at Rs 2,502 crore in the quarter to September from Rs 848 crore in same quarter last fiscal. Consolidated revenue grew 10.34 per cent to Rs 70,156 crore as against Rs 63,577 crore a year ago, Tata Motors said in a release. The sales (including exports) of commercial and passenger vehicles stood at 1,52,979 units, a growth of 13.8 per cent. Medium and heavy commercial vehicle segment grew by 28 per cent, while ILCV surged 35 per cent and small commercial vehicle volumes rose 38 per cent, the company said. "After a challenging first quarter, Tata Motors has demonstrated impressive results with month-on-month growth in sales and market share, enabled by a slew of new product launches and customer centric initiatives. "With our turnaround plan in full action, we are seeing encouraging result...

When asked about product segment that the alliance would be in, D'sa said it would be in motorcycles LATEST NEWS  : Bajaj Auto is close to forming an alliance but the name of the other party would be announced once the formalities were completed, Chief Financial Officer Kevin D'sa told analysts at a post-earnings call on Friday. The comment, initially made at Bajaj Auto's annual meeting late on Thursday, sparked speculation in local media that the Indian motorbike manufacturer may be close to a partnership or deal with iconic European motorcycle brand Ducati, which is being sold by Germany's Volkswagen. Reuters on Thursday reported that besides Italy's Benetton family and US buyout fund Bain Capital, Indian firms Eicher Motors and Bajaj Auto have also bid for Ducati. When asked on the earnings call whether reports on an alliance were true, D'sa said, "Whatever media statement has come out is factually correct. There is an alliance aro...

Pharma stocks were the biggest losers with Nifty Pharma posting sixth consecutive session of loss Benchmark indices settled lower with Sensex shedding 200 points and Nifty ending below 9,400-level as investors booked profit in recent outperformers. The sentiment was also dragged by geopolitical tensions as Indian army strikes Pakistan military posts. The street also took cues from the global markets which were mostly trading lower post the explosion, at a concert by US singer Ariana Grande shook Manchester. The S&P BSE Sensex ended at 30,365, down 205 points, while the broader Nifty50 settled at 9,386, down 52 points. Read this: How taxmen nabbed black money hoarders who tried to beat the note ban The broader market underperformed the benchmark indices with S&P BSE Midcap and the S&P BSE Smallcap indices dipped over 1% each. "Investors became cautious after sudden hike in Indo-Pak tension. Additionally, higher than expected GST rate especiall...