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TVS to export its latest bike Victor Premium on market demand
Posted on 13th September 2017
Leading two-wheeler manufacturer TVS Motor Company Ltd said it is prepared to export its latest bike model - TVS Victor Premium Edition depending on the market demand.

“As and when the demand happens, we would be keen to export this model. TVS is already exporting to 60 countries”, said Kendraj Joshi, senior manager, TVS Motor Company Ltd.

The new motorbike from the TVS stable is targeted at the age group of 25-40 years who spend three to four hours each day on commuting. The bike is equipped with the O3C 3V engine developed indigenously by the company.

“The bike offers an optimal combination of power and mileage. It provides the best-in-class power delivery and riding comfort”, Joshi said.

The bike's launch ahead of the festive season is expected to power TVS's sales and expand its market share in the two-wheeler segment.

TVS Motor Company logged 16 per cent sales growth in August. Its total two-wheeler sales in the same month registered a growth of 15.5 per cent. The company's total exports were up 33.7 per cent in August on a month-on-month basis.

Related Companies: TVS Motor Company   

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Bhel picks areas to diversify
Posted on 23rd September 2017
 
Calcutta, Sept. 22: Bharat Heavy Electricals Ltd (Bhel) is looking to diversify into areas such as solar power, transportation, defence, aerospace and water business.

"The company wants to increase its share of business in non-coal areas," said Bhel chairman and managing director Atul Sobti at the company's annual general meeting.


 
New Delhi: Regulator Sebi has lifted trading ban on 244 entities which came under the scanner for alleged misuse of stock market platform for tax evasion, saying it did not find any "adverse evidence" against them.

The move comes after Securities and Exchange Board of India (Sebi) earlier this month revoked ban on more than 500 entities in four separate cases. These are Radford Global case; Pine Animation; First Financial as well as the matter of dealing in shares of Eco Friendly Food Processing Park, Esteem Bio Organic Food Processing, Channel Nine Entertainment and HPC Biosciences.


 
New Delhi:The government has come out with an estimate that valid transitional credit claims of taxpayers in July -- the first month of goods and services tax (GST) -- are just Rs12,000 crore and not Rs65,000 crore as previously claimed.

As much as Rs65,000 crore out of the about Rs95,000 crore tax collections in July had been claimed as transitional credit by taxpayers, but a close scrutiny has brought down the valid claims to Rs12,000 crore, a finance ministry official said.


 
New Delhi: The Reserve Bank of India (RBI) on Friday changed the rules pertaining to the calculation of the foreign investment limit in so-called masala bonds, potentially opening up space for Indian companies to sell more such securities.

Starting 3 October, masala bonds, or rupee-denominated bonds sold overseas, will not be part of the investment limit for foreign portfolio investors (FPIs) in corporate bonds and will instead be included under external commercial borrowings (ECB), the RBI notification stated.


 
Mumbai: Indian benchmark indices posted their biggest daily percentage decline in 10 months on Friday, as a North Korean threat to carry out a hydrogen bomb test in the Pacific Ocean rattled global markets.

The Indian government’s stimulus spending plan and jitters that it would widen the fiscal deficit also contributed to the decline, which was led by bank stocks.


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