Hyundai Motor India's July domestic sales up 4.4% at 43,007 units
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Automobile major Hyundai Motor India on Tuesday reported a 4.4 per cent rise in domestic sales for July.
According to the company, its domestic sales in the month increased to 43,007 units from 41,201 units in July 2016.
Further, the company reported a month-on-month sales growth of 14.5 per cent due to healthy demand for its automobile models like Grand i10, Elite i20 and Creta.
Commenting on the July figure, Rakesh Srivastava, Director - Sales and Marketing, Hyundai Motor India, said: "Hyundai with a growth of 14.5 per cent month on month and 4.4 per cent year on year continued its growth momentum..."
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Fintech firm BharatPe on Tuesday said it has elevated its interim CEO and chief financial officer Nalin Negi as full-time chief executive officer.
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Shares of Vodafone Idea dropped as much as 3.95 per cent to hit an intraday low of Rs 12.64 per share. The drop comes in reaction to the follow-on public offering (FPO) anchor book, which will open today.
Vodafone Idea shares have plunged 25.19 per cent year-to-date (YTD), but have surged 7 per cent in the past 6 months.
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Srinivas Pallia, who has been a part of Wipro for over three decades, divested all his shares valued at Rs 5 crore in the company approximately a month and a half prior to his appointment as the new chief executive, according to a report by The Economic Times (ET).
Pallia sold his 100,000 Wipro shares through a 'market sale' on February 14 this year, with the transaction being reported to the exchange on February 15. The total transaction amounted to Rs 5.05 crore, the report added. Following the transaction, Pallia's holdings of securities on the BSE were reduced to zero.
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