Ashok Leyland continues to gain market share from rivals, with overall sales (commercial vehicles) in September growing at 61% year-on-year as against expectations of a 38% growth.

In the medium and heavy commercial vehicles (M&HCV) segment, its sales were up 83% year-on-year while Tata Motors reported a 53% jump and Volvo Eicher increased its volumes by 27%. Ashok Leyland’s market share in M&HCV has increased from 28.5% in FY15 to over 31% now, its highest level in over a decade.

Mumbai, Oct. 4 (PTI): The State Bank of India (SBI) may have cut its base lending rate by 40 basis points to 9.3 per cent following the Reserve Bank's latest policy rate cut, but home loan customers of the top lender will have to pay up to 0.7 per cent above the base rate.

Accordingly, the actual reduction in home loan rates will be a maximum of only 20 basis points, while a higher margin above the base rate will mean that customers will have to pay the same rate of interest on home loans above Rs 1 crore.

The prospect of conquering the dark and vast expanse of space has fascinated the human mind for a good part of the last century. Perhaps that is why ‘The Martian,’ a film adaptation of Andy Weir’s book about one man’s struggle to survive on Mars, rocketed to the number one spot at the box office this weekend.

In the movie, Matt Damon’s character realizes he doesn’t have enough food to survive the next possible human visitation four years in the future and is forced to recognize he might starve to death.

Mumbai: Lanco Infratech Ltd’s lenders had had enough. The infrastructure company had made plenty of promises during its debt-restructuring negotiations with banks in 2013 as it sought to recast about Rs.7,000 crore in loans. A year and a half later, only a few of those promises had been honoured.

Asset sales were far too few and the slower-than-expected economic recovery meant that the stress on Lanco’s balance sheet showed no signs of easing.

Stock market benchmark BSE Sensex surged by over 371 points and the NSE Nifty regained the 8,000 mark in early trade today, extending rally for the fourth day on positive cues from other Asian markets.

Inflows from foreign investors and across-the-board buying by the investors also helped the market sentiments.

Citi upgraded Larsen and Toubro from ‘neutral’ to ‘buy’ and said negative news flow are priced in and now shares of L&T are trading below than their historical mean.

The share price of the company fell 17.7 per cent in the past three months till October 1 against 6.42 per cent fall registered by Sensex during the same period.

Maruti Suzuki shares declined over 2 per cent in the morning trade on Monday after Jefferies downgraded the carmaker’s stocks to ‘underperform’ from ‘buy’. According to the global investment bank, Maruti’s strong outlook is in the price and its stock is trading at all-time high multiples.

At 11.41 am, Maruti Suzuki shares were trading 2.22 per cent down at Rs 4478 a piece. The scrip opened at Rs 4,572 and had touched a high and low of Rs 4,572 and Rs 4,475, respectively, in trade so far.

KOLKATA: Aashirvaad ghee will make its debut this Diwali as ITC enters the dairy market, extending the product range of its biggest non-cigarette brand. The company is looking to replicate the success it achieved in the unorganised and commoditised atta segment with the Aashirvaad brand, under which it also sells spices and other food products.

Tata Motors has rallied 8% to Rs 322 on the BSE and the NSE in early morning trades on reports that Peugeot in talks with the company to make cars in India. The stock recorded its sharpest intra-day gain in past two years.

Earlier, in September 10, 2013, it rallied 10.8% during intra-day trade after the company's unit Jaguar Land Rover (JLR) reported a strong sales numbers for the month of August. The stock had finally closed 9.9% higher on the BSE.

Bajaj Auto today reported 3.76% decline in total sales in September at 3,84,400 units as against 3,99,450 units in the same month last year.

Motorcycle sales during the month declined by 4.83% to 3,30,228 units as against 3,47,010 units in September last year, the company said in a BSE filing.

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