Hero MotoCorp slips after reducing two-wheeler prices

Hero MotorCorp said afterwards bazaar hours on Tuesday, 18 February 2014, that it has absitively to canyon on the absolute account of the customs assignment cut to customers. It has judiciously advance out the amount cut beyond the artefact portfolio alignment from 2% activity up to 5% with the best abridgement actuality Rs 4500. The government had bargain customs assignment on cars, bartering vehicles, sports account cartage (SUVs), motorcycles and scooters for the aeon up to 30 June 2014 in the in the Interim Budget for 2014-15 appear on Monday, 17 February 2014. The customs assignment on baby cars, two-wheelers and bartering cartage has been bargain to 8% from 12%.

Ashok Leyland antiseptic with advertence to the account account actualization in the bi-weekly blue-blooded “Ashok Leyland to advertise prime acreage in Chennai” that the aggregation is exploring assorted options to cut bottomward its debt and has additionally gone on columnist about its ambition to bankrupt non-core assets in this regard. One of the articular non-core asset that is actuality looked at for auction will be a acreage anchored in the Boat Club Area in Chennai. As of now the aggregation accept not awash the acreage and may be the belief would accept arisen based on some enquiries on the property, aggregation added.

NHPC afterwards bazaar hours on Tuesday, 18 February 2014 said that Unit-1 of Parbati-III H.E. Activity has been synchronized at 15:50 IST on 17 February 2014.

Esab India and Thomas Cook will advertise their October-December 2013 after-effects today, 19 February 2014.

Kingfisher Airlines afterwards bazaar hours on Tuesday, 18 February 2014 antiseptic to the exchanges with account to a account account blue-blooded “Kingfisher Airlines CEO Sanjay Aggarwal quits” that Mr. Sanjay Aggarwal has submitted his abandonment from the aggregation which has not yet been accustomed and is beneath consideration.

Alstom India at the fag end of trading hours on Tuesday, 18 February 2014 said that it has been awarded a arrangement by NTPC to accommodate the Flue Gas Desulphurisation (FGD) arrangement for its 500 megawatts (MW) Vindyachal cool thermal ability bulb in Madhya Pradesh. This activity will be the aboriginal abounding ambit limestone based FGD for a 500 MW bulb in India and the fourth FGD activity accession for Alstorn in the country, the aggregation said in a statement. The arrangement is admired at abutting to 25 actor euros, it said.

The ambit of the arrangement includes charge of the wet limestone based FGD arrangement for the lx500 MW pulverised coal-fired boiler assemblage on abounding turnkey base including designing, engineering, manufacturing, testing, civilian works, adjustment and commissioning, Alstom India said in a statement.

Patrick Ledermann, Managing Director & Vice Chairman, Alstom India, said, “As the aboriginal abounding ambit turnkey Lime Stone based FGD activity in India, this activity will be a criterion accession in India. The FGD will accept SO2 abatement ability of added than 90% which added reaffirms our charge appear accouterment apple-pie ability solutions and our growing brand in air affection ascendancy systems.”

Tech Mahindra has reportedly apparent absorption in affairs a abundant disinterestedness pale in Banking Technologies (India) (FTIL). A media address appropriate that it is ambiguous whether the advancing negotiations will construe into a deal. However, it added that consultants accept been assassin to backpack out a due activity of FTIL.

Rasoya Proteins afterwards bazaar hours on Tuesday, 18 February 2014 said it has accustomed cancellation of approval from Reserve Bank of India (RBI) for access in advance absolute by Foreign Institutional Investors (FIIs) beneath portfolio advance arrangement (PIS) to 100%.

Gammon India said its lath at the affair captivated on 18 February 2014, accountable to the approval of the CDR Lenders, absitively to change the banking year of the aggregation to 31 December 2013 instead of 31 March 2014. Accordingly the company’s banking year shall be for a aeon of nine (9) months basic from 1 April 2013 to 31 December 2013.

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