Tata Motors wins order from Linfox Logistics

Tata Motors has won an order for supplying 250 Tata Prima trucks to Linfox Logistics

Tata Motors Ltd has won an order for supplying around 250 Tata Prima trucks to Linfox Logistics, a supply chain solutions company in the Asia Pacific. Linfox will ply these trucks in India. No financial details were provided.

Linfox has placed a bulk order for 250 Tata Prima 4928.S tractors and will gradually change its complete fleet to the Tata Prima range of vehicles. Since October 2010, Tata Motors has started deliveries and by March 2011, it will add 50 Tata Prima 4928.S tractors to Linfox's fleet. Tata Motors plans to complete deliveries in the next two years.

The Tata Prima range of vehicles comprises about 10 major variants of two-axle trucks, multi-axle trucks, tractor-trailers, the recently added Construck range, mixers and special application vehicles. The first product, the Tata Prima 4028.S tractor-trailer was launched in November 2009, and was followed by the Tata Prima 4928.S tractor trailer in May 2010. The range has been jointly developed by Tata Motors and its two subsidiaries, Tata Daewoo Commercial Vehicle Company in South Korea and the Tata Motors European Technical Centre plc in the UK.

On Thursday, Tata Motors ended 2.37% up at Rs1,102.90 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.74% to 17,463.04 points.

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BASF India Q3 net profit rises to Rs23.68 crore

In December 2010 quarter, BASF India’s net revenues increased to Rs688.51 crore from Rs288.19 crore in the corresponding quarter last year

Mumbai-based BASF India Ltd said its net profit for the third quarter ended 31 December 2010 stood at Rs23.68 crore from Rs11.25 crore in the corresponding quarter last year.

During the same period, the company's net revenues increased to Rs688.51 crore from Rs288.19 crore, BASF India said in a filing to the Bombay Stock Exchange (BSE).

On Thursday, BASF India ended 2.86% down at Rs498.60 on the BSE, while the benchmark Sensex declined 0.74% to 17,463.04 points.
 

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Taurus Mutual Fund introduces 91 days plan

Taurus Mutual Fund’s new issue opens on 10th February and closes on 14th February

Taurus Mutual Fund has launched Taurus Fixed Maturity Plan Series B, a close-ended income scheme. The tenor of the scheme is 91 days.

The investment objective of the scheme is to generate income with minimum volatility through investments in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme.

The new issue opens on 10th February and closes on 14th February. The minimum investment amount is Rs5,000.

CRISIL Liquid Fund Index is the benchmark index. Rahul Pal and Pankaj Jain are the fund managers.

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