Hinduja Group firm sold 14,067 units last month against 13,403 units during the same period last year.
Media reports suggest that Warburg Pincus is likely to pick up a 40% stake in Tata Technologies (an engineering solutions and IT product developing arm of Tata Motors).
There will be no major impact on Indian banking operations in the UK post-Brexit and the British capital will continue to be the global "financial hub", according to the UK chief of State Bank of India.
Hinduja Global Solutions, the BPO arm of diversified Hinduja Group, today reported over two-fold increase in consolidated net profit to Rs 47.21 crore for the December quarter.
Hinduja Group flagship Ashok Leyland today opened a new assembly plant in Bangladesh as it aims to make further inroads into the neighbouring country.
Hinduja Group flagship Ashok Leyland today reported a 13 percent decline in its standalone net profit at Rs 185.88 crore for the third quarter ended December 31, 2016.
The Chennai-based firm has acquired Ashok Leyland Nissan-Vehicles Ltd, Nissan-Ashok Leyland Powertrain Ltd and Nissan-Ashok Leyland Technologies Ltd.
The bus with minimum seating capacity of 35 to a maximum of 65 can run up to 120 kilometres on a single recharge under standard test conditions, according to Ashok Leyland MD Vinod K Dasari.
"You have built such a bridge with the British government, its Prime Minister is visiting Delhi in November. You are a change-maker - you came and there was Brexit and you have changed the Prime Minister. You are going to Washington and you will change the President (there)," he said.
"In defence, we have got tremendous growth. We have won 13 out of the last 15 tenders..we are today a Rs 500 crore company in defence and in five years we should be well above Rs 2,000 crore," Ashok Leyland MD Vinod Dasari told PTI.
The Chennai-based company sold 12,057 units in September 2016, as against 14,783 units during the same month last year.
The proposal from the Hinduja Group came during a meeting with prospective investors and Jharkhand Chief Minister Raghubar Das in New York, an official release said.
"GST will be the most pivotal reform since 1991 which will make India an attractive destination for foreign investments. Manufacturing will get more competitive due to the emergence of a national market as against the present fragmented one.
The Board of Directors has approved the re-appointment of Dasari as the Ashok Leyland's Managing Director for a term of five years from April 1, 2016, to March 31, 2021, Ashok Leyland said in a regulatory filing.
The company reported profit of Rs 41.3 crore and net sales of Rs 706.8 crore in the same period of the previous fiscal.
Sales for its heavy and medium commercial vehicles increased 20 percent at 7,871 units in April as against 6,549 units in the year-ago period, the company said in a filing to BSE.
As part of the order, the company will supply 450 units of Field Artillery Tractor (FAT) 6x6 and other similar super stallion vehicles, and 825 units of ambulance 4x4, Ashok Leyland said in a statement.
Ashok Leyland sold 32,63,923 shares or 0.55 percent stake in the bank through a bulk deal. The shares were offloaded at an average price of Rs 915.96, valuing the transaction at Rs 298.96 crore, as per the latest data available with NSE.
"Lockheed Martin's High Mobility Vehicle or Common Vehicle Next Generation (CVNG) will provide the base platform for this development effort," the city-based firm said in a statement.
In an interview with CNBC-TV18, Sanjay Hinduja said that he expects to commission the lubricant plant in Chennai within the next 18 months and the capex for the plant will be biggest in the lubricants business.
The partnership marks Gulf's intent to strengthen its brand presence globally as well as enable it to engage with Manchester United's worldwide fan base.
The board of the company, in a meeting held last week, had approved the proposal in this regard, Ashok Leyland informed the BSE in a filing.
"Every Budget has two sides. It is impossible to satisfy everyone but one has to look to the basics, whether the Budget is going to help the economy," Hinduja said.
The consolidated net sales, however, grew by 20.53 percent to Rs 882.91 crore in the quarter under review from Rs 732.52 crore in the same period a year ago, the company said in a BSE filing.
"The new Captain 40iT offers better pick-up, ease of repair and the highest cab tilt angle in the industry. The Captain 40iT is powered by a turbo-charged diesel engine that churns out 180 horsepower and generates maximum torque of 660Nm," a release said.