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.
