Exports can be a good hedge for domestic slowdown. Beyond Saarc, we are looking at Asean and Middle East.
“Although, M&M has also witnessed some moderation in its sales volume amidst the current industry wide slow down faced by commercial vehicle manufactures, however it continued to hold market share in some of the key commercial vehicles categories,” read a statement from the rating agency.
Harsh Goenka, Harsh Mariwala, Kiran Mazumdar Shaw, and Anand Mahindra, amongst others, voiced their support on Twitter for the JNU students saying that there was no place for violence on educational premises, no matter what the political leanings of those involved.
City and Industrial Development Corporation (CIDCO), the builder of Navi Mumbai Metro had floated a tender for choosing an operator for Line-1 of the project in December 2018.
The Gautam Adani-led company will buy a 75% stake in KPCL at an enterprise value of Rs 13,572 crore after prolonged talks to obtain the all-weather port in Andhra Pradesh. The all-cash deal will be funded through internal accruals and existing cash balance, the company said in a release.
The Bengaluru-based company wants to set shop across key cities like Hyderabad, Mumbai, New Delhi, and Pune “amongst other Tier-1 cities”, it said in a statement.
The prices of Seltos have been revised upwards by Rs 20,000 to Rs 35,000 across variants. The launch price of Rs 9.69 lakh, ex-showroom for the base variant was an introductory price limited only till 31 December 2019, said Kia Motor India, the Indian arm of Korean carmaker.
The regional offices have been realigned as three zonal strategic business units (SBU) – north and east, south, and west. They will be headed by Atul Sood, associate vice president- north & east SBU; R. Venkatakrishnan, vice president- south SBU & institutional sales; and B. Padmanabha, vice president- west SBU.
The Kalyani Group company Bharat Forge paid Rs 2 crore to acquire 19,500 equity shares in Aeron, bringing its total stake in the latter to 22.42%, as per an exchange filing. Aeron Systems manufactures technology products for sectors like aerospace and defense, automotive, renewable energy and industry 4.0.
Auto stocks came under pressure after sales dipped starting from October 2018.
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