Ashok Leyland reports 7.5% growth in sales at 13,626 units in April
Posted on 2nd May 2019 |
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| Commercial Vehicle major Ashok Leyland has posted a 7.5 per cent growth in sales during the month of April, 2019, at 13,626 units compared to 12,677 units during same month a year ago. Domestic sales grew 10 per cent to 13,141 units during the month, compared to 11,951 units during same month last year, driven by bus and LCV growth. In the Medium and Heavy Commercial Vehicle (M&HCV) segment, trucks sales grew to 7517 units during April, this year, compared to 7013 units same period last year, registering an increase of 7.2 per cent. Bus sales grew 12.9 per cent to 1401 units in the month compared to 1241 units last year same month. The total M&HCV sales grew eight per cent to 8918 units as against 8254 units during the comparable period. LCV sales posted 14.23 per cent growth, to 4223 units from 3697 units. Including exports, the sales of trucks marked a 1.8 per cent growth to 7,645 units compared to 7513 units same month last year, while bus sales grew 17 per cent to 1701 units compared 1,455 units during the period. The M&HCV sales including exports posted 4.2 per cent growth, at 9346 units compared to 8,968 units during April, last year. The LCV business including exports grew 15.4 per cent, to 4,280 units compared to 3,709 units during same period last year. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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