New Enfield bikes Classic Chrome has an ex-showroom price in Mumbai of Rs1,50,659 and Desert Storm of Rs1,43,967
The style quotient of leisure bikes in India just went up notches. Adding panache are two unique, new bikes from Royal Enfield-the Classic Chrome and Desert Storm.
The Classic Chrome recreates the magic of old school bikes while offering the best in class technology. With the design philosophy of showing "metal as metal", a styling that suits Royal Enfield Classic the best, the Classic Chrome retains the authentic styling with the unique chrome tanks, wide mud guards and oval tool box, apart from the distinguishing tiger lamps that Royal Enfield bikes are famed for. The single spring saddle seat, the unique tail lamp, the Royal Enfield emblems on the engine and even the font on the speedometer are all inspired by the original styling of the 1950's. The stunning Chrome is accentuated by the artistic paintwork on the tank, crafted painstakingly by our artisans.
The Classic Chrome bike comes with the 500cc TwinSpark, unit construction engine that is designed to thrill the rider with its performance. The 27.2 bhp power output is made available with excellent drivability with a world renowned Electronic Fuel Injection system. The absolute reliability of the Unit Construction Engine, along with the hydraulic tappets, the auto chain tensioner, improved piston and piston rings and a more powerful charging circuit adds huge dependability to the Classic Chrome.
The Desert Storm draws inspiration from the World War era, with its bold, macho sand colour scheme. The matt finish paint job, with the Royal Enfield monogram on the tank and the thigh pads, portray the same strength and grit that of a true veteran.
The Desert Storm is also equipped with all the technical features of the Classic Chrome like the wide mud guards, oval tool box, the signature Royal Enfield tiger lamps, single spring saddle seat and the unique tail lamp. It comes fitted with the 500cc TwinSpark, unit construction engine and the 27.2 bhp power output is made available with the Electronic Fuel Injection system.
Classic Chrome and Desert Storm, being limited edition products, would be available at select brand stores and dealerships across the country.
Nifty may go up to the level of 5,100 if today’s lows hold
The market, which opened trade in the negative, bounced back at noon and closed near the day's high on select buying in auto and IT stocks after brushing aside global concerns. In yesterday's market closing report we expected to see the Nifty move in the range of 5,010 and 4,880. The market opened lower on domestic worries and on a plunge in metal prices in the global market overnight. Nervousness ahead of a crucial German vote to expand Europe's bailout fund due later in the day also played on investors' minds. The US indices had closed sharply lower last night.
The Nifty opened 22 points lower at 4,924 and the Sensex started the day at 16,388, down 58 points. After making a low in the initial hours at 4,906, which was lower as compared to yesterday's low, it started its upward journey. It ultimately went on to hit a higher intra-day high at 5,034 just after 3pm. The Nifty settled 70 points up at 5,015 and the Sensex jumped 252 points to close trade at 16,698. The Nifty closed near to its 20-day moving average at 5,019. We may now see Nifty going up to the level of 5,100. The National Stock Exchange (NSE) saw volume of 68.32 crore shares.
The advance-decline ratio on the NSE was 741:970.
Among the broader indices, the BSE Mid-cap index declined 0.16% and the BSE Small-cap index fell by 0.11%.
BSE Auto (up 2.35%), BSE IT (up 2.03%), BSE Fast Moving Consumer Goods (up 1.82%), BSE Oil & Gas (up 1.49%) and BSE Bankex (up .46%) were the top sectoral gainers. On the other hand, BSE Consumer Durables (down 1.36%), BSE Capital Goods (down 0.89%) and BSE Healthcare (down 0.13%) ended up as losers.
The top performers in the Sensex space were Jaiprakash Associates (up 6.29%), Tata Motors (up 3.21%), Infosys (up 3.04%), HDFC Bank (up 2.94%) and Mahindra & Mahindra (up 2.93%). The laggards were led by Larsen & Toubro (down 2.47%), Coal India (down 1.32%), Sterlite Industries (down 1.17%), State Bank of India (down 0.94%) and Sun Pharma (down 0.79%).
JP Associates (up 7.07%), Kotak Bank (up 3.74%), Infosys (up 3.23%), Siemens (up 3.19%) and BPCL (up 3.14%) were the major gainers on the Nifty. Sesa Goa (down 2.27%), L&T (down 2.15%), Reliance Capital (down 2.09%), Sterlite Ind (down 1.41%) and Reliance Infrastructure (down 1.24%) were the main losers on the benchmark.
Markets in Asia closed mostly higher on hopes that the German parliament will vote to expand Eurozone's bailout fund. However, reports of international auditors reviewing Greece's austerity measures to qualify for a fresh aid kept investors guarded.
The Jakarta Composite gained 0.68%, the KLSE Composite advanced 1.16%, the Nikkei 225 surged 0.99%, the Straits Times rose 0.26%, the Seoul Composite jumped 2.68% and the Taiwan Weighted climbed 0.50%. Bucking the trend, the Shanghai Composite declined 1.12% while markets in Hong Kong were closed due to the Typhoon Nesat.
Back home, foreign institutional investors were net buyers of stocks worth Rs184.97 crore on Wednesday and domestic institutional investors pumped in funds worth Rs115.59 crore in the equities segment.
In its first acquisition of a US energy asset, state-run gas utility Gail India today said it will buy a 20% stake in a shale gas area operated by Carrizo Oil and Gas Inc for $95 million. Gail will pay $63.7 million in cash to Carrizo and bear $31.3 million of the Houston-based firm's future costs to develop the area in the Eagle Ford deposits in Texas, the companies said in separate statements. Gail rose 0.55% to close at Rs425.95 on the NSE.
Hindustan Construction Company (HCC) today said it has sold 14.5% stake in its step-down subsidiary HCC Concessions to Xander Group for Rs240 crore. At present, the Rs 5,500 crore HCC Concessions' portfolio includes six NHAI concessions-one annuity project and five toll roads. HCC closed at Rs29.40, up 4.07% on the NSE.
Bharti Airtel has entered into an agreement with Nokia Siemens Networks (NSN) to expand its 2G network and roll-out its 3G network in seven African countries for an undisclosed amount. Under the agreement, NSN will manage network operations, including planning, design and implementation of 2G and 3G networks for Airtel in seven African countries. The stock fell by 0.59% to Rs377 on the NSE today.
Civil aviation minister Vayalar Ravi has asked the aviation regulator DGCA to look into the recent airfare hike and examine if it could take some steps to provide any relief to air travellers
New Delhi: With high festive season demand pushing up airfares, the Directorate General of Civil Aviation (DGCA) has been asked by the civil aviation ministry to examine if it could take some steps to provide any relief to air travellers, reports PTI.
"I have asked the DGCA to use its powers and look into the matter, although beyond a point, we cannot do anything," civil aviation minister Vayalar Ravi said replying to a question on hiking air fares by airlines ahead of the festival season.
Noting that there is a 'flexible mechanism' that governs air fares, he said the regulator would examine the issue as it affected the travelling public.
The fares of almost all major airlines have risen by an average of 10% due to the festive season, though sources in the airline industry maintain that due to high passenger traffic, the low-fare buckets were getting filled up fast leaving only high fare options.
The fare monitoring committee of the DGCA, set up a year ago, was already analysing the fare data on a daily basis, the sources said.
Asked to comment on planned shut down of low-cost carrier Kingfisher Red, Mr Ravi refused to give a direct reply but said soaring prices of aviation turbine fuel (ATF) was a matter of concern for entire aviation industry.
Expressing concern over rising jet fuel prices, Mr Ravi said he would soon write to state governments to reduce sales tax on ATF, though he had made similar requests earlier too.
"ATF price is a major challenge facing the aviation industry. ATF is going up because of increase in crude prices.
"In India, sales tax on ATF is affecting the industry. I have already written to state governments to reduce the sales tax on it. I will write to them again," Mr Ravi said.
Asked as to when the next meeting of the Group of Ministers on Air India will be convened, he said it will take place soon.