Maruti Suzuki December sales up 8.5 p.c.
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Country’s largest car-maker Maruti Suzuki India (MSI) on Friday reported a 8.5 per cent increase in total sales in December at 1,19,149 units as against 1,09,791 units in the same month in 2014.
The company said its domestic sales increased 13.5 per cent during the month to 1,11,333 units as against 98,109 units in December 2014.
Sales of passenger cars went up 11.6 per cent to 91,043 units as compared to 81,564 units in the year-ago month, MSI said in a BSE filing.
The company said sales of utility vehicles, including Gypsy, Grand Vitara and Ertiga, jumped 58.8 per cent to 9,168 units in December 2015 from 5,774 units in the corresponding month in 2014.
Sales of vans — Omni and Eeco — rose 3.3 per cent to 11,122 units in December 2015 as compared to 10,771 units in the same period of last year.
Exports during the month declined 33.1 per cent to 7,816 units as compared to 11,682 units in December 2014, MSI said.
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At least nine people were burnt alive and 15 injured when a moving bus caught fire near Tauru in Haryana's Nuh district in the early hours of Saturday, police said.
The incident occurred around 2 am on the Kundli-Manesar-Palwal (KMP) Expressway. The bus was carrying around 60 people, all residents of Punjab's Hoshiarpur and Ludhiana, who were returning from pilgrim towns of Mathura and Vrindavan. All of them are relatives, police said.
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Softbank-backed OYO is set to refile its much-awaited IPO as the global travel tech player is close to finalising its refinancing plans to raise up to $450 million via sale of dollar bonds, sources said.
JP Morgan is the likely lead banker for the refinancing through the sale of dollar bonds at an estimated interest rate of 9 to 10 per cent per annum, a source said.
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The national capital on Saturday morning recorded a minimum temperature of 27.1 degrees Celsius, 0.6 notch above the season's average, according to the India Meteorological Department (IMD).
On Friday, Delhi witnessed 47.4 degrees Celsius in Najafgarh, making it the hottest place in the country.
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Shareholders in Nestle India have rejected a company proposal to increase royalty payments to its Swiss parent Nestle, the company said late on Friday.
The motion called for the royalty paid to its parent to climb to 5.25 per cent of net sales, net of taxes, compared to the current level of 4.5 per cent. The increase was proposed at a rate of 0.15 per cent per annum.
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Shares of Zee Entertainment soared up to 5.2 per cent at Rs 141.65 per share on the BSE in Saturday’s intraday trade. The hike in the stock prices came after the company delivered a turnaround in quarterly growth for the January-March quarter of fiscal year 2023-24 (Q4FY24).
In the March quarter, the company reported a consolidated net profit of Rs 13.35 crore, marking a reversal from a consolidated net loss of Rs 196.03 crore in the same period of the previous fiscal year.
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