Maruti Suzuki sales increases to 1,12,554 vehicles in November

Car-maker, Maruti Suzuki India (MSI) Ltd, today reported sales of 1,12,554 vehicles in November, translating into a 28.18% increase vis-à-vis the year-ago period.

Sales in the same month last year stood at 87,807 units, MSI said in a statement.
The company saw sales of 1,02,503 units for the domestic market in November, a 34.2% increase from 76,359 units in November 2009, the statement said.

MSI's exports in the last month, however, fell by 12.2% to 10,051 units from 11,448 units in the year-ago period, the company added.

The A2 segment (comprising Alto, WagonR, Estilo, Swift, A-Star and Ritz) witnessed 32.2% growth at 74,063 units compared to 56,005 units in the same month a year ago.

A3 segment sales (consisting of SX4 and DZiRE) increased by 27.2% to 11,115 units compared to 8,741 units in the corresponding period a year ago, the company said.

MSI's total passenger car sales rose to 87,618 in October against 67,786 units in the same month in 2009, it added.

In the first eight months of this fiscal, the company's total sales stood at 8,28,440 units compared to 6,46,139 units, up 28.21%.

On Wednesday, MSI ended 0.77% down at Rs1,412.80 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.68% up at 19,850 points.

 

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NTPC secures $300 million loan from Singapore-based bank

Country's largest power producer NTPC Ltd has tied up with a Singapore-based bank for a $300 million loan for funding its financial plans in this fiscal, a senior company official said today.

However, the company has not disclosed the bank name. The loan is for seven-year period.

"We need to seek Reserve Bank of India approval for this loan and after that we would immediately start drawing," NTPC director finance AK Singhal said.

Mr Singhal also noted that the company was already committed for loan amount worth Rs26,000 crore from the domestic banks which, it has not drawn yet.

On Wednesday, NTPC increased 1.14% to Rs186.35 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.68% up at 19,850 points.

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Ramky Infra subsidiary starts work on SEZ in Gabon

Ramky Infrastructure Ltd said its fully-owned subsidiary Ramky Engineering and Consulting Services (FZC), Sharjah, has started work on the Gabon Special Economic Zone (GSEZ) in the capital city of Libreville, Gabon, West Africa.

The GSEZ-SA is a joint venture between the government of Gabon and Singapore-based OLAM, one of the world's leading commodities trading companies.

The work of developing the Rs380 crore-GSEZ was awarded to Ramky Engineering and Consulting Services (FZC). The project involves a turnkey contract for the design, engineering, procurement and construction of the zone.

On Wednesday, Ramky Infra gained 1.34% to Rs347.55 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.68% up at 19,850 points.

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