Auto shares dip post October sales
Posted on 3rd November 2014 |
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Shares of most of the frontline automobiles companies are trading lower after reporting drop in vehicle sales during the month of October despite of the festive season. Tata Motors, Mahindra and Mahindra (M&M), Hero MotoCorp, Eicher Motors and Maruti Suzuki India are down 1-2% on the Bombay Stock Exchange (BSE). |
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IT shares gain in a flat market; Infosys up 1%
Posted on 3rd November 2014 |
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Benchmark indices are trading flat with a negative bias as the advance in IT shares is being offset by losses in auto shares which are down on weak Ocotber sales data. At 9:17 AM, Sensex was down 19 points at 27,846 while Nifty was down 8 points at 8315. |
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Tata Motors raises $750 mn in Fx bond sale
Posted on 27th October 2014 |
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The country's largest auto maker Tata Motors has raised $750 million from Asian and European investors by selling a dual tranche bond issue which got an over subscription of six times at $4.5 billion, reports PTI. The company has priced the 5.5-year benchmark senior unsecured notes of $500 million at 4.62%, while the coupon for the 10-year $250 million notes is fixed at 5.75% per annum. Earlier, it had sold $300 million worth bonds in April at a coupon of 5.53%. |
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Tata Motors to raise $750 mn through notes to service debt, fund capex
Posted on 25th October 2014 |
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Tata Motors, India’s biggest automaker, is set to raise $750 million (Rs 4,600 crore) in what could be its second fund raising activity this year. The Mumbai-based company will reportedly issue $750 million of senior unsecured notes, according to Bloomberg. |
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Sensex above 26,700; Tata Motors and L&T up 2%
Posted on 22nd October 2014 |
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Benchmark indices continued to trade firm after a gap up opening led by L&T and Tata Motors while index heavyweight Reliance industries rebounded after the recent correction post the gas price hike. At 10.40AM, the 30-share Sensex is up 179 points at 26,754 and the 50-share Nifty is up 54 points at 7,982. |
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JLR sees 20% growth in China sales this year
Posted on 21st October 2014 |
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British luxury carmaker Jaguar Land Rover Ltd, owned by Tata Motors Ltd, expects its China sales to grow 20% this year, Greater China head Bob Grace said on Tuesday. The target compares with a rise of around 40% last year which Grace partly attributed to a larger base of comparison. |
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Tata JLR plans factory in US
Posted on 20th October 2014 |
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Tata Motors-owned Jaguar Land Rover (JLR) is working on an ambitious plan to set up a factory in the US, in a first for a British car maker in the world's second-biggest automobile market. The west Midlands-based luxury carmaker is reportedly talking to several southern states of America, including South Carolina, about building a plant in the US, The Sunday Times claimed on Sunday. |
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Tata Motors gain on new bus orders under JnNURM scheme
Posted on 16th October 2014 |
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Tata Motors gained over 2% at Rs 498 on the Bombay Stock Exchange after the automaker received an order to supply 928 Tata Marcopolo built buses to the State Transport Authorities in South India. The order comprises 487 units bagged from Karnataka (Karnataka State Road Transport Corporation), 40 units from Puducherry (Pondicherry Road Transport Corporation), 97 from Kerala (Kerala State Road Transport Corporation) and 304 from North East Karnataka region (North Eastern Karnataka Road Transport Corporation), Tata Motors said in a press release. |
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Markets trading flat; ITC, Tata Motors down over 1%
Posted on 14th October 2014 |
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Markets continued to trade flat with negativc bias weighed down by profit taking in IT majors after recent gains post upbeat earnings from Infosys and index heavyweight ITC. At 10:30AM, the 30-share Sensex was down 42 points at 26,342 and the 50-share Nifty was down 17 points at 7,868. |
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Tata Motors upbeat about compact sedan segment growth in Madhya Pradesh
Posted on 4th October 2014 |
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Auto major Tata Motors is upbeat about the growth of compact sedan segment in Madhya Pradesh and expects the festive demand to help auto sector recover from the current slag, said officials. Last month, the company launched its compact sedan 'Zest' which received very good response throughout the country. |
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