Eros International signs Rs64 crore syndication deal with Zee

Eros International Media Ltd said it signed a multi-film content licensing deal worth Rs64 crore for exclusive broadcasting of some of its movies across Zee Entertainment's television network.

This would take the company's cumulative revenue visibility to Rs240 crore from presales of music and television rights of new and catalogue films for financial year 2011 and 2012, said Eros International said in a press release.

The Rs240 crore television and music syndication deals will start augmenting revenues and deliver earnings that have attractive margins in financial year 2011 and 2012, it added.

On Friday, Eros International shares ended 1% down at Rs175 on the Bombay Stock Exchange, while the benchmark Sensex declined 1.8% to 20,125 points.
 

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Sadbhav Engineering wins Rs1,411.4 crore projects from NHAI

Infrastructure company Sadbhav Engineering Ltd said it won road projects worth Rs1,411.4 crore from the National Highways Authority of India (NHAI) for widening and maintenance of roads in Madhya Pradesh and Maharashtra.

Sadbhav Engineering said it received a project for widening of Mulatai-Chhindwara-Seoni and Narsinghpur-Amarwara-Saoner sections of National Highways in Madhya Pradesh and Maharashtra to two-lane, the Gujarat-based company said in a filing to the Bombay Stock Exchange (BSE).

Besides up gradation of the highways sections to two lanes, the projects include construction and maintenance of ring road and connecting roads in Chhindwara town, it added.

The contracts are part of 18 projects worth Rs13,886 crore announced by the NHAI in June this year. These included five projects across Madhya Pradesh and Maharashtra.

On Friday, Sadbhav Engineering shares fell 3% to Rs1,486 on the BSE, while the benchmark Sensex declined 1.8% to 20,125 points.
 

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Tata Motors global sales up 19% in September

Tata Motors Ltd said its global sales increased 19% in September to 86,996 units on robust demand for both commercial and passenger vehicles.

Sales of luxury brands from Jaguar Land Rover were at 19,528 units during September up 16% from the same month last year, Tata Motors said in a statement.
While sales of luxury sedans of Jaguar brand jumped by 10% last month to 4,861 units, Land Rover sales were higher by 19% at 14,667 units, it added.

It said the total passenger vehicles sales stood at 46,035 units in September 2010, a growth of 21% from the corresponding month last year.

Commercial vehicles sales were also up by 18% to 40,961 units from the same month last year, it added.

The Tata Motors Group global sales comprise Tata, Tata Daewoo and Hispano Carrocera range of commercial vehicles, Tata passenger vehicles along with the distributed brands in India, Jaguar and Land Rover.

During the April-September period, total vehicle sales rose 38% at 511,934 units.
While, total passenger vehicle sales increased by 43% at 278,361 units, commercial vehicle sales jumped 32% at 233,573 units in the first five-month of this fiscal.

On Friday, Tata Motors shares ended 2.2% down at Rs1,156 on the Bombay Stock Exchange, while the benchmark Sensex declined 1.8% to 20,125 points.
 

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