Volvo exits Eicher Motors, sells 3.7% for Rs 1,695 crore

Last Updated: Thursday, June 4, 2015, 14:43

Swedish commercial vehicle major Volvo on Thursday exited Eicher Motors by selling its residual 3.7 percent stake in the Indian firm for about Rs 1,695 crore.

Tata Motors sales up 5.21% in May at 39,496 units

Last Updated: Monday, June 1, 2015, 18:02

Sales of passenger vehicles in the domestic market in May stood at 11,138 units as against 9,230 units in the same month previous year, up 20.67 percent. The sales of the passenger cars in May 2015 were higher by 32.37 percent at 9,176 units as compared to 6,932 units in May 2014. The UV sales declined by 15 percent at 1,962 units in May 2015.

Eicher commercial vehicle sales up 7.6% in May

Last Updated: Monday, June 1, 2015, 16:10

In the domestic market, Eicher trucks and buses recorded sales of 3,617 units as compared to 3,064 units in the year-ago period, an increase of 18 percent.

Ashok Leyland May sales surge 40.13% to 9,294 units

Last Updated: Monday, June 1, 2015, 13:25

Ashok Leyland on Monday reported a 40.13 percent hike in total sales at 9,294 units in May as against 6,632 units in the same period last year.

Sundaram Finance eyes tractor segment for wider play

Last Updated: Monday, June 1, 2015, 12:27

"There is enough headroom to grow the two new business segments of tractor and construction equipment financing," said T T Srinivasaraghavan, Managing Director, Sundaram Finance.

Tata Motors aims to expand CV biz in South India

Last Updated: Sunday, May 31, 2015, 12:10

The company, which at present has 34 dealers in four states in South India -- Andhra Pradesh, Tamil Nadu, Karnataka and Kerala -- is focusing on expanding network in smaller towns.

Commercial banks' non-food credit rises by 8.9%: RBI

Last Updated: Friday, May 29, 2015, 21:43

Non-food credit of scheduled commercial banks rose by 8.9 percent on a year-on-year basis to Rs 60,41,400 crore in April, according to RBI data released on Friday.

Bank credit grows at 10.16%; deposits up 11.85%: RBI

Last Updated: Wednesday, May 27, 2015, 22:05

Scheduled commercial banks' credit grew at 10.16 percent to Rs 66,32,101 crore in the fortnight ended May 15, according to the Reserve Bank data.

Daimler India inaugurates bus plant near Chennai

Last Updated: Wednesday, May 27, 2015, 15:07

Commercial vehicle maker Daimler India Commercial Vehicle, a 100 per cent subsidiary of Stuttgart-based Daimler, on Wednesday inaugurated its new bus manufacturing facility set up at an investment of Rs 425 crore at Oragadam.

Tata Motors unveils Prima range in Bangladesh

Last Updated: Friday, May 22, 2015, 14:14

The company, in partnership with Bangladesh-based Nitol Motors, has rolled out models under the Prima brand catering to tipper and cargo segments.

RBI relaxes norms for raising ECB in rupee

Last Updated: Thursday, May 21, 2015, 21:19

The Reserve Bank Thursday relaxed norms to help Indian corporates to raise funds in rupees from overseas lenders.

Cashing out: Millions 'disappear from China bank accounts'

Last Updated: Tuesday, May 19, 2015, 23:24

A businesswoman deposited the equivalent of almost USD 2 million at a branch of China's largest bank but only USD 20 remained after most of it was transferred without her authorisation, state media reported.