Shares of automobiles companies were trading higher by up to 4% on the National Stock Exchange (NSE) in an otherwise subdued market after the Rajya Sabha passed the Goods and Services Tax (GST) Constitutional Amendment Bill.
Bajaj Auto, the country’s third largest two-wheeler manufacturer, posted a two per cent rise in net profit for the June quarter, beating Street estimates. It was helped by higher domestic volumes and lower taxes.
Riding high on overwhelming response to V15, Bajaj Auto is now gearing up to dominate value segment 150 cc motorcycle market. The company is already considering the launch of 2 new bikes under the V brand by the end of the 2017-18 fiscal.
The Madras High Court has issued an interim order, restraining automobile major Bajaj Auto and others from an advertisement which allegedly disparages the TVS Motors' product TVS XL 100 by comparing the fuel efficiency on the basis of false figures.
INS Vikrant being dismantled at a ship breaking yard in MumbaiMarch 4, 1976. The frantic cries of "Brakes, brakes, brakes" were like a silent cacophony that somehow eluded Commander Peter Debrass' ears.
Two-wheeler manufacturer Bajaj Auto reported a 29 per cent increase in net profit for the quarter ended March 31, 2016, riding on a 12 per cent growth in motorcycle sales and benign raw material prices.
Bajaj Auto has moved higher by 5% to Rs 2,505 on the BSE after the company reported 29% year on year (YoY) jump with net profit at Rs 803 crore for the quarter ended March 2016 (Q4FY16), on the back of strong operational performance.
Nifty held on to the 'Run Away Gap' support area near Rs 7,700 & saw a strong rebound. The occurrence of multiple Doji's at the reversal zone augurs well for the termination of the existing correction.