Companies

Companies

Group stocks have taken a beating over spat

Tata Group stocks have suffered significant value erosion since the removal Cyrus Mistry as Tata Sons chairman and the subsequent atmosphere of confrontation surrounding the group. Now that a replacement for Mistry was found in N Chandrasekaran, the uncertainty that loomed over the group is likely to recede and this should reflect in the stock prices of listed group companies.

Amazon.In sees 160% growth in seller base in 2016

Global marketplace Amazon today said that the seller base on Amazon.In grew by 160 per cent in 2016 from the previous year.

In line with its vision "to transform the way India buys and sells through its innovations, technology support and seller-centric services", Amazon.In till date has attracted over 140,000 sellers (160 per cent year-on-year growth) across India to the marketplace, Amazon said in a statement here.

Google promises better brand visibility to small businesses

Technology giant Google announced a slew of initiatives, including a new app Primer and training modules under its My Business offering, as it looks to further tap the 51-million strong small and medium businesses (SMB) market in India.
Making the announcements, Google's India-born CEO Sundar Pichai said the company is working on products for India that can be expanded globally.

Muthoot HomeFin plans to raise upto Rs 800 cr next fiscal

Muthoot HomeFin (India) plans to raise up to Rs 800 crore from market next fiscal as it is expanding business in the southern part of the country.

The housing finance company, a subsidiary of Muthoot Finance, lends only to affordable home loan customer with end users contributing nearly 90 per cent of its loan book. The average ticket size on the loan book is Rs 11 lakh.

State Bank of India Chairman Launches a Digital Platform

Manipal Global's digital platform organises the data available with the bank on HRMS, POTOMAS, and iTRAMS systems with respect to the Probationary Officers and Trainee Officers' training life cycle.

The intuitive mobile app provides a learning dashboard for the learner. The platform provides rich analytics to bank leadership including Circle Management on progress and performance of the Probationary and Trainee Officers by integrating information from multiple learning systems of SBI.

Tata Motors launches Xenon Yodha

Tata Motors, India’s biggest automaker by revenues, on Tuesday introduced its first product of 2017, the new Tata Xenon Yodha range of pick-ups with claims of high levels of performance and lowest operating cost.
The Mumbai-headquartered auto giant said Xenon range is targeted at a wide range of commercial applications.
With a starting price band of Rs 6.05 lakh at Delhi showroom, the new pick-up from the Tata stable comes in both single cab and double cab models.

Tata Motors launches Xenon Yodha starting at Rs 6.05 lakh

Homegrown auto major Tata Motors today launched its new pick-up vehicle Tata Xenon Yodha with price starting at Rs 6.05 lakh.

The pick-up, which is endorsed by Bollywood star Akshay Kumar -- the company's brand ambassador for its commercial vehicles division -- is available in multiple variants of 4x2 and 4x4 and in single and double cab options, the company said in a statement.

Powered by a 3 litre diesel engine, the new Tata Xenon Yodha is available in both BS III and BS IV compliant versions.

Exide invests Rs 420 crore

Kolkata-headquartered leading battery maker Exide Industries will now shell out Rs 420 crore afresh over a period of 18 months (starting from next April) to start manufacturing batteries for motorcycles and start a smelting unit, said company's managing director and CEO Gautam Chatterjee . He said the company would be investing nearly Rs 300 crore in the proposed two-wheeler battery unit and another Rs 120 crore in the smelting unit.

DeMo plays mixed bag for auto sector sales

Demonetisation has hit car sales of big players such as Maruti, Hyundai, Mahindra and Ford, while others such as Toyota, Renault, Tata Motors, Volkswagen, and Nissan reported good sales during December in Asia’s third biggest car market. Auto honchos and analysts say post demonetisation, it would take about two to three months for customer demand to return to normal.

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