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Tata Motors in focus, surges nearly 8%; Nifty Auto index trades lower
Posted on 5th February 2020
Tata Motors surged nearly 8 per cent in the intra-day session on Wednesday. The auto major unveiled a series of cars and commercial vehicles at the Auto Expo 2020. The company launched the much-anticipated Harrier 2020 at an introductory price of Rs 13.69 lakh for Manual and Rs 16.25 lakh for Automatic.

At 01:20 pm, the stock was trading 7.5 per cent higher at Rs 178 apiece on the NSE. It hit a high of Rs 178.8, up around 8 per cent. The Nifty Auto index, however, was trading in the red at 8,084 levels, down 0.2 per cent. The benchmark Nifty index was trading 40 points or 0.33 per cent higher at 12,019.50 levels.

Besides, the automobile company also showcased seven-seater SUV Gravitas, Tata Sierra, and Tata HBX micro SUV.

Tata Motors on Saturday reported a 17.74 per cent decline in total sales at 47,862 units in January. It had sold a total of 58,185 units in January 2019, the company said in a statement.

Total domestic sales were down 18 per cent at 45,242 units as compared to 54,915 units in January last year, it added.

Passenger vehicle sales in the domestic market during the month stood at 13,894 units as against 17,826 units in the same month of the previous year, down 22 per cent.

For the quarter ended December 31, 2019, the company reported a consolidated net profit of Rs 1,755.88 crore, mainly helped by higher Jaguar Land Rover (JLR) sales in China, but warned of general economic slowdown continuing to impact domestic auto industry. Its consolidated total revenue from operations stood at Rs 71,676.07 crore in the December quarter compared to Rs 76,915.94 crore in the same period a year ago.

Revenues from British arm Jaguar Land Rover rose to 6.4 billion pounds in the quarter under review, an increase of 2.8 per cent compared to the year-ago period.

On a standalone basis, the company posted a net loss of Rs 1,039.51 crore in December 2019 quarter. In the comparable period a year ago, it had a profit of Rs 617.62 crore.

Standalone total revenue stood at Rs 10,842.91 crore in third quarter of current fiscal whereas the same was at Rs 16,207.67 crore in the year-ago period.
Related Companies: Tata Motors   

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United Airlines will send layoff warnings to 36,000 employees - nearly half its US staff - in the clearest signal yet of how deeply the virus outbreak is hurting the airline industry.

The outlook for a recovery in air travel has dimmed in just the past two weeks, as infection rates rise in much of the US and some states imposed new quarantine requirements.

Veteran actor and Jaaved Jaaferi's father Jagdeep passes away at 81
Posted on 9th July 2020
Veteran actor Syed Ishtiaq Ahmed Jafri, popularly known by his stage name Jagdeep, passed away at the age of 81 on Wednesday.

He is survived by his two sons Jaaved Jaaferi and Naved Jafri.

In his career of more than six decades, Jagdeep acted in over 400 films and was a part of several hit Hindi films including 1975 blockbuster Sholay in which he played the character of Soorma Bhopali.

Gold price today at Rs 48,700 per 10 gm, silver climbs to Rs 50,000 a kg
Posted on 9th July 2020
Gold prices on Thursday jumped to Rs 48,700 from Rs 48,450 per 10 gram, while silver climbed to Rs 50,020 from Rs 49,200 per kilogram, according to Good Returns website.

Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

IRB Infra Developers hits 52-week high; stock zooms 84% in one month
Posted on 9th July 2020
Shares of IRB Infrastructure Developers gained 3 per cent and hit a 52-week high of Rs 121.50 on the BSE on Thursday on expectations that earnings may improve going forward as road traffic reaches over 80 per cent of pre-Covid level.

The stock of the company, which is the largest private roads and highways infrastructure developer in India, has surpassed its previous 52-week high of Rs 119.70 touched on January 21, 2020.

Breaking: UP Gangster Vikas Dubey nabbed from Madhya Pradesh's Ujjain
Posted on 9th July 2020
After days of intensified manhunt, the Uttar Pradesh Police has managed to nab gangster Vikas Dubey, news agency ANI quoted sources as saying.

It is being said that he was nabbed from Madhya Pradesh's Ujjain on Thursday where he had gone to offer prayers at the Mahakaal temple. He was detained by the guard.

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