Tata Motors offers special scheme on Tata Nano for defence personnel

Tata Motors is offering free comprehensive maintenance package for four years/60,000km

Tata Motors Ltd has announced a special scheme on Tata Nano for all defence personnel. As part of the scheme, Tata Motors is offering free comprehensive maintenance package for four years/60,000km (whichever is earlier). This offer is over and above the prevalent market offer. This comprehensive package covers normal wear and tear of the car (except, tyres and batteries), thus, providing complete freedom from all maintenance worries. This offer is valid till 28 February 2011.

Tata Nano is available through CSD for officers and PBOR's (Personnel below officer rank).

The three trim levels and their key features are: Tata Nano Standard: The standard version, in three colour options, single-tone seats, and fold-down rear seat. Tata Nano CX: In five colour options, with heating and air-conditioning (HVAC), two-tone seats, parcel shelf, booster-assisted brakes, fold-down rear seat with nap rest and Tata Nano LX: With the features of CX plus complete fabric seats, central locking, front power windows, body coloured exteriors in three premium colours, fog lamps, electronic trip meter, cup holder in front console, mobile charger point, and rear spoiler. Many of these features are not available on current entry-level small cars in the country.

On Monday, Tata Motors ended 0.22% up at Rs1,148.25 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.37% to 18,327 points.

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Rolta’s Q2 consolidated PAT at Rs154.18 crore

Rolta India consolidated revenue for the December 2010 quarter stood at Rs441.15 crore compared to Rs375.56 crore in the corresponding quarter last year

IT company Rolta India Ltd said its consolidated profit after tax (PAT) (including exceptional item) for the second quarter ended 31 December 2010 increased to Rs154.18 crore from Rs62.79 crore in the corresponding quarter last year, registering a Y-o-Y growth of 145.5% and sequential growth of 106.2%.

The company's consolidated revenue for the December 2010 quarter stood at Rs441.15 crore compared to Rs375.56 crore in the corresponding quarter last year, registering a Y-o-Y growth of 17.5% and sequential growth of 3.2%.

Exceptional item for the December 2010 quarter represents gain of Rs103.65 crore (net of tax Rs76.07 crore) towards sale by the company of its 50% shares in Shaw Rolta Ltd to its joint venture partner, Stone & Webster, Inc-a subsidiary of The Shaw Group, Inc. The effective date of this transaction is 31 December 2010.

On Monday, Rolta ended 2.21% down at Rs134.70 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.37% to 18,327 points.

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Ind-Swift Q3 net profit rises 83.10% to Rs24.61 crore

Ind-Swift Laboratories net profit for the December 2010 quarter increased to Rs24.61 crore from Rs13.45 crore in the corresponding quarter last year

Pharma company Ind-Swift Laboratories Ltd said its net profit for the December 2010 quarter increased 83.10% to Rs24.61 crore from Rs13.45 crore in the corresponding quarter last year.

For the nine months ended 31 December 2010, the company reported a net profit of Rs61.22 crore as against Rs37.21 crore as on 31 December 2009, registering a growth of 64.53%.

The turnover of the company also rose by 42.90% to Rs310.11 crore in December 2010 quarter from Rs216.90 crore. For the nine months period, the company registered a total turnover of Rs722.99 crore as against Rs583.68 crore for the nine months ended 31 December 2009.

NR Munjal, vice chairman & managing director said that the company's focus on high end export markets and on block buster molecule is yielding results as company is giving sustained revenues.

The exports of the company during the December 2010 quarter increased by 37.87% to Rs120.00 crore from Rs87.03 crore in the December 2009 quarter.

On Monday, Ind-Swift ended 2.35% up at Rs95.75 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.37% to 18,327 points.

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