IPOs by realtors, desperate foreign money, realty demerger plays… Is realty, not stocks, the...
Two-wheeler maker India Yamaha Motor reported 19.2% increase in its total sales in October at 37,251 units. The company had sold 31,247 units in the same month last year, India Yamaha Motor said in a statement.
In the domestic market, the company's sales stood at 31,791 units, as against 26,897 in the same month last year, up 18.2%. Exports of India Yamaha rose by 25% to 5,460 units from 4,368 units in the year-ago period, it added.
"We are overwhelmed with the encouraging response we have been receiving for our premium segment bikes such as YZF-R15 and FZ series including new limited edition FZ series bikes," India Yamaha Motor director (sales & marketing) Koji Arai said.
Prism Informatics Ltd said it will buy 51% stake in Saudi Arabia-based Al Suwaidi Holding Co's unit Information Management Technologies (IMT). No financial details were provided.
IMT provides end-to-end IT solutions for broadband wireless communications, infrastructure management and maintenance in that country.
In a filing with the Bombay Stock Exchange, the company said the Saudi Arabian market for IT is about $1 billion and is expected to increase five folds over the next three years.
On Tuesday, Prism Info shares ended flat at Rs470 on the Bombay Stock Exchange, while the benchmark Sensex 0.1% down at 20,345 points.