Renault India sales up 26.8% at 11,198 units in February

French auto major Renault on Wednesday reported 26.8 per cent increase in sales at 11,198 units in India in February compared to the year-ago month. The company's arm, Renault India, had sold 8,834 units in the same month last year. Over the last few years, Renault has focused on establishing a strong base in India and has become one of the youngest and fastest growing automotive brands in

Royal Enfield sales up 18.88% at 58,439 units in February

Royal Enfield, the two-wheeler division of Eicher Motors, on Wednesday reported a 18.88 per cent jump in total sales at 58,439 units in February. The two-wheeler manufacturer had sold 49,156 units in February 2016, Eicher Motors said in a statement. Sales in the domestic market stood at 56,737 units as against 47,567 units in the same month last year, up 19.28 per cent. Exports during the month

Maruti Suzuki`s February sales up 10.9%

Automobile major Maruti Suzuki India on Wednesday reported a surge of 10.9 per cent in its monthly sales for February.

According to the company, its sales during the month under review rose to 130,280 units from 117,451 units sold during the corresponding month last year.

For February, the company's domestic sales surged by 11.7 per cent to 120,735 units from 108,115 uni

Jindal Steel to make high nitrogen steel for DRDO

The Defence Research and Development Organisation (DRDO) and Jindal Stainless (Hisar) Limited (JSHL) on Wednesday inked a licence deal for manufacturing High Nitrogen Steel for armour applications.

The agreement was signed in the presence of Minister of State for Defence Subhash Bhamre and DRDO Chairman S. Christopher. 

Calling the development of the specific kind of me

Indian equities surge on macro-data, healthy auto results

Positive domestic macro-economic data, coupled with firm global cues and upbeat quarterly automobile results lifted the Indian equities markets on Wednesday.

India's gross domestic product (GDP) for the third quarter of 2016-17 Fiscal ended December, which recorded a growth of seven per cent, and expansion in the manufacturing Purchasing Managers' Index (PMI) to 50.7 in Februa

Hyundai Motor logs 6 per cent sales growth

India's second largest car maker Hyundai Motor India Ltd on Wednesday said it sold 52,734 units last month, logging a 6 per cent volume growth.

In a statement, the company said it sold 52,734 units (domestic 42,327 units, exports 10,407) last month as against 49,729 units (domestic 40,716 units, exports 9,013) sold in February 2016.

Eicher Motors logs 19% volume growth

Two-wheeler maker Eicher Motors Ltd. on Wednesday said it closed last month with 19 per cent sales growth.

In a statement, the company said it sold a total of 58,439 units last month, up from 49,156 units sold in corresponding month of 2016.

The company sold a total of 606,377 units during April 2016-February 2017 as against 456,834 units sold during the corresponding period

Gayatri Projects' JV secures order worth Rs 1,363.48 cr

Hyderabad-based infrastructure and construction firm, Gayatri Projects said that it has secured Rs 1,363.48 crore irrigation contract in Joint Venture (JV) with RNS Infrastructure (RNS) and Sadguru Infratech (SIPL) from Executive Engineer, Karnataka Neeravari Nigama.

The project entails the execution of a lift irrigation system to provide irrigation for an area of 27,462 hectares, the

India Ratings and Research downgrades Ballarpur Industries’ CP to ‘IND D’

India Ratings and Research (Ind-Ra), a country’s leading rating agency, has downgraded Ballarpur Industries Limited’s (BILT) commercial paper (CP) worth Rs 2,470 crore to ‘IND D’, citing delays in debt servicing by the company.

“The downgrade reflects delays in debt servicing by the company. BILT continues to face delays in the necessary deleveraging, as

Microsoft to bid goodbye to Skype Wi-Fi service

Days after it announced an exclusive "Made for India" Skype Lite app, Microsoft said it will soon discontinue its Skype Wi-Fi, a media report said.

The Skype Wi-Fi app would be delisted and it would no longer function after March 31.

This app gave users an option to connect to one of over two million hot spots around the world, Digital Trends reported on Tuesday.&n

Ashok Leyland logs 5% sales growth in February

Commercial vehicles major Ashok Leyland on Wednesday said it closed last month with five per cent sales growth.

In a statement issued here, the company said it sold 14,067 units last month, up from 13,406 units sold in corresponding month of 2016.

Maruti Suzuki India sales rise 10.9% in February

India’s largest car maker Maruti Suzuki India Ltd (MSIL) on Wednesday reported a growth of 10.9 per cent in its total sales in February at 1,30,280 vehicles as compared to 1,17,451 vehicles during the same period a year ago. The domestic sales of carmaker rose by 11.7 per cent to 1,20,735 vehicles during February month, as against 1,08,115 vehicles in February 2016.

Further, its

ICRA upgrades long term LOC rating of Thiru Arooran Sugars

Thiru Arooran Sugars Ltd has informed in a filing to the Bombay Stock Exchange that the Credit Rating Agency, ICRA Limited has, vide their letter dated February 23, 2017 (received by the Company on February 28, 2017) upgraded the long term rating for the Line of Credit for Rs. 339.18 crores (both Fund based and Non Fund based) sanctioned to the Company from (ICRA)D, (pronounced ICRA D) to (ICRA

D-Link Corp partners TeamF1 to launch mydlink Business

D-Link Corp, a global leader in connectivity for home, enterprise, and service providers has said that it has partnered TeamF1 Networks (“TeamF1”), a subsidiary of D-Link India Ltd and a leader in embedded networking and security software solutions for wired and wireless applications, in delivering mydlink Business, a cloud-based device management platform featuring ease, value, and

Thomas Cook launches strategic initiative to expand India’s market

Thomas Cook (India) Ltd., India’s leading integrated travel and travel related financial services company has said that in a strategic initiative to expand India’s travel market, it has conceptualized a unique annual property, “The Grand Indian Holiday Sale”, carefully timed to coincide with the peak booking window for summer vacations- India’s largest holiday seas

Indian equities surge on global cues, healthy auto results

Indian equities markets surged during the mid-afternoon trade session on Wednesday as positive global cues, coupled with upbeat quarterly automobile results lifted investors' sentiments.

The key indices traded with gains of more than half a per cent each, as healthy buying was witnessed in stocks of banking, healthcare and metal stocks.

The wider 51-scrip Nifty of the Na

PepsiCo to modernise ITIs in Maharashtra

Global beverages giant PepsiCo will help develop skills of workers in different food processing plants in Maharashtra and modernise the Industrial Training Institutes (ITIs) in the state, an official said here on Tuesday.

The collaboration plans came in a meeting between Chief Minister Devendra Fadnavis and PepsiCo Chairman & CEO Indra K. Nooyi here this evening when a letter of i

Lupin receives FDA approval for tablets, oral solution

Pharma major Lupin Limited on Tuesday said that it has received final approval for its Oxycodone and Acetaminophen tablets and sodium, potassium and magnesium sulphate oral solution from the US Food and Drug Administration (FDA).

The approval will help the pharmaceutical company to market a generic version of Vintage Pharmaceuticals LLC's Percocet tablet and Braintree Laboratories

Tata Steel's first greenfield ferro-chrome plant starts in Odisha

Tata Steel on Tuesday announced that its Rs 542 crore ferro-chrome greenfield plant at Gopalpur Industrial Park in Odisha has commenced production.

"The recently-commissioned ferro-chrome plant of Tata Steel at Gopalpur Industrial Park in Ganjam district of Odisha, has achieved a major milestone with the first ever production of ferro-chrome on February 25, 2017, in compliance wi

Nissan shipped out 700,000 Made in India cars

 Nissan Motor India on Tuesday announced that it has reached a new milestone of shipping out 700,000 Made in India cars to its global markets.

In a statement, the company said it exported 700,000 Nissan and Datsun branded cars in a span of seven years of starting production near here.

The cars, manufactured at the Renault-Nissan Automotive India Ltd plant in Chennai, ha

India aviation regulator probes P&W engine issues on Airbus A320 NEOs

By Aditi Shah and Rahul Bhatia

NEW DELHI/MUMBAI  - India's aviation regulator said it is investigating issues that have arisen with the Pratt and Whitney engines in Airbus Group's A-320 NEO narrow-body jets brought into service over the past year by two local carriers.

The Directorate General of Civil Aviation said late on Tuesday at least two i

Finance ministry official Tyagi takes helm at India's market regulator

By Abhirup Roy and Manoj Kumar

MUMBAI/NEW DELHI - Finance ministry official Ajay Tyagi takes over as Securities and Exchange Board of India (SEBI) Chairman on Wednesday with two likely priorities - developing the country's commodity and corporate bond markets and shoring up corporate governance.

Tyagi, 58, will also inherit from outgoing SEBI Chairman U.

Reliance buys naphtha to feed growing domestic demand

By Seng Li Peng

SINGAPORE - India's Reliance Industries has bought between 60,000 and 90,000 tonnes of heavy full-range naphtha for March arrival to plug a supply gap due to its growing petrochemical capacity, industry sources with knowledge of the matter said on Tuesday.

The purchase came at a time when Asian naphtha supplies are relatively tight due to

Amansa sells 2.56% stake in Cholamandalam for Rs 388 cr

Foreign fund Amansa Holdings offloaded its entire 2.56 per cent stake in Cholamandalam Investment and Finance Company for a little over Rs 388 crore through an open market transaction, reported PTI. According to bulk deal data available with the National Stock Exchange (NSE), Amansa Holdings sold a total of 40 lakh shares, amounting to 2.56 per cent stake, of Cholamandalam Investment and Financ

Sony completes first phase of acquisition of Ten Sports from Zee Entertainment

Zee Entertainment Enterprises, Mumbai-based media and entertainment company, on Tuesday said that Sony Pictures Networks India (SPN) and its affiliates have completed the first phase of a two-phase acquisition of the TEN Sports Network. “Following the completion of this phase of the acquisition, SPN’s cluster of nine sports channels will now include, Sony SIX, Sony Six HD, Sony ESPN