tata-motors-launches-new-car-to-revive-sagging-fortunes

Tata Motors launches new car to revive sagging fortunes

Mumbai, Aug 13 (ANI): Tata Motors Limited began selling its new passenger car, its first offering in four years, in a bid to regain market share and plug losses in its domestic business, which was also hit hard by a slowing economy. The car, named Zest, is a compact sedan built on a new platform and, in a departure from previous models, boasts user-friendly features such as touch screen control panels. Shares of Tata Motors Limited, India's biggest automaker by revenue, jumped more than six percent after strong sales of its luxury Jaguar and Land Rover vehicles helped triple the company's first-quarter net profit. Operating margins at its Jaguar Land Rover (JLR) unit rose to 20.3 percent from 15.8 percent a year ago. Aug 13, 2014
bse-closes-points-361-53-up-on-august-12

BSE closes points 361.53 up on August 12

New Delhi, August 12 (ANI): Trading at the Bombay Stock Exchange today closed 361.53 points up to stand at 25,880.77. At the National Stock Exchange the Nifty closed 101.10 points up to stand at 7,727.05. Eicher Motors and RAMCOCEM were among the top gainers of Group A with an increase of 8.40% and 8.30% along with Gail India and Tata Motors with an increase of 5.83% and 5.72% respectively, while the top losers of Group A include Bhushan Steel and Neyveli Lignite with a decrease of 9.98% and 6.49% along with Indian Hotels and Mangalore Refinery with a decrease of 5.96% and 5.28% at the close of the markets. The Auto sector is up 282.19 points at 16,238.89 while the banking sector is up 240.43 points at 17,237.63 and the reality sector is up 19.07 points at 1,875.74. The Indian currency is up 0.11% at Rs 61.11 per dollar. Aug 12, 2014