Tata Motors launches Tiago hatchback, Positive for Company
India's leading automobile company Tata Motors launched the most anticipated hatchback, Tata Tiago for an aggressive base price of Rs 3.20 lakh (ex showroom, New Delhi).
Tiago hatchback is likely to compete with Maruti Suzuki Celerio, Honda Brio, Chevrolet Beat and Hyundai Grand i10 in the market.
Blue Star enters water purifier biz; eyes 15% market share
After enjoying a huge market share in air-conditioning (AC) and refrigeration segment, Blue Star has now forayed into water purifier business, says B Thiagarajan, Joint MD of the company. Company will offer residential water purifiers for the first 6 months, and eventually enter commercial water purifier.
Hindustan Zinc shares plunge 14%, trades ex-dividend
Board of directors of the company, on March 30, declared special golden jubilee dividend of Rs 24 per share for the financial year 2015-16. Vedanta Group Company had fixed April 07 as record date for payment of second interim dividend.
Shares of Hindustan Zinc fell 14 percent intraday Wednesday as the stock adjusted for special dividend.
LIC likely to e-auction Unitech's mortgaged land
Life Insurance Corporation (LIC) is all ready to auction Unitech ’s mortgaged asset to recover outstanding dues of Rs 184 crore, sources tell CNBC-TV18. LIC will e-auction Unitech's 14 lakh square meter of land in Noida on May 6. The reserve price for the auction has been set at Rs 2,660 crore.
Ashoka Buildcon shares tank 20% on ED & I-T raid at head office
Ashoka Buildcon shares are locked in 20 percent lower circuit at Rs 136 (a 52-week low) amid high volumes on Wednesday. Media reports indicated that Enforcement Directorate (ED) and Income Tax (I-T) department have conducted joint searches at the company's head office in Nashik, Maharashtra. There were pending sell orders of 81,818 shares, with no buyers available.
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