Free Press Journal
  • Rupee plunges to 13-mth low, Metal, auto shares lift Sensex

    Mumbai : Extending losses for the fourth straight session, Indian rupee declined by ten paise to log over 13-month closing low of 63.67 against the Greenback following sustained dollar demand from importers.

  • Tata Motors aims to double passenger car sales network by 2020

    Udaipur: Tata Motors plans to almost double its dealer network in the country by 2020, targeting rural areas and cities alike, as the company looks to claw back to a dominant position in the Indian passenger car market.

  • Sixth win for Murthy, Sujith in National Rally Championship

    Ranchi: Chidananda Murthy and navigator B.S. Sujith Kumar of Team Tata Motors clinched their sixth win in the 2014 FMSCI Indian National TSD Rally Championship as they emerged Pro-Stock champions in the Wild Adventure Rally, the eighth and penultimate round of the series here Sunday.

  • Mahindra, Tata Motors Hike Prices To Offset Input Costs

    New Delhi : Auto majors Tata Motors and Mahindra & Mahindra on Tuesday announced price increases in the range of 1-2 per cent citing higher input costs. Mahindra & Mahindra raised prices by up to Rs 11,500 (ex-showroom) of passenger, commercial vehicles and tractors, while Tata Motors has hiked prices of its commercial vehicles in the range of 1-2 per cent, reports PTI.

  • Tata Motors raises $750 mn in bond sale

    Mumbai:  The country’s largest auto maker Tata Motors has raised USD 750 million from Asian and European investors by selling a dual tranche bond issue which got an over subscription of six times at USD 4.5 billion.  The company has priced the 5.5-year benchmark senior unsecured notes of USD 500 million at 4.625 per cent, while the coupon for the 10-year USD 250 million notes is fixed at 5.750 percent per annum. 

  • Tata Motors raises $750 mn in Fx bond sale;gets better pricing

    Mumbai:  The country’s largest auto maker Tata Motors has raised USD 750 million from Asian and European investors by selling a dual tranche bond issue which got an over subscription of six times at USD 4.5 billion.

  • Tata JLR plans factory in US

    London:  Tata Motors’ owned Jaguar Land Rover (JLR) is working on an ambitious plan to set up a factory in the US, in a first for a British carmaker in the world’s second-biggest automobile market.  The West Midlands-based luxury carmaker is reportedly talking to several southern states of America, including South Carolina, about building a plant in the US, The Sunday Times claimed.  JLR is all set to open a 130,000-vehicle factory

  • Tata Motors global sales down 8% in Sept

    New Delhi:  Tata Motors reported an 8.25 % decline in global sales, including Jaguar Land Rover, at 80,104 units in September.   In the passenger vehicles category, the global sales last month were at 45,186 units, as against 49,267 units in September 2013, down 8.28 %.

  • Sensex drops 54 points on profit-booking

    Mumbai : After rising to new peaks, markets on Tuesday had a forgettable session with Sensex and Nifty slipping about 54 points and 21 points respectively on profit-taking in IT and oil&gas shares, while caution prevailed after Supreme Court reserved its order on coal blocks allocation matter.

  • Mahindra, Tata Motors to challenge CCI penalty

    New Delhi :  Auto majors Mahindra & Mahindra and Tata Motors said they would challenge the CCI penalty on them for violation of trade norms in the spare parts and after services market.

  • CCI imposes Rs 2,545 cr penalty on 14 car makers

    New Delhi : In the first major order against the auto sector, the Competition Commission today slapped a penalty of Rs 2,545 crore on 14 car makers, including Maruti Suzuki and Tata Motors, for violating trade norms in the spare parts and after services market.

  • Seven junk bond sales raise close to $ 4 billion this fiscal

    Mumbai :  Seven companies led by Tata Motors and Tata Steel together raised close to $ 4 billion this year, by selling high yielding bonds or below investment grade debt to overseas investors, taking overall forex debt raising by domestic corporates to below a tad $15 billion.

  • Tata Motors net profit soars over 3-fold; best in 9 qtrs

    Mumbai :  Tata Motors, which has been facing headwinds in the home market for the past many years, reported over 3-fold jump in consolidated net profit at Rs 5,398.21 crore for the three months to June 30, bailed out yet again by its British marquee subsidiary JLR.

  • Sensex, Nifty see biggest drop in 20 days on capital outflows

    Mumbai: Equity benchmarks logged their biggest drop in 20 days with Sensex slipping below 26,000 mark and the Nifty ending at 7,721.30 on caution due to expiry of monthly derivative contracts and fund outflows after the US Fed’s move to trim its bond buying programme hit sentiment. Banking, power, consumer durable and capital goods stocks attracted profit-selling. ICICI Bank and Maruti Suzuki shares dropped even after in-line quarterly results, said brokers. The

  • Tata Motors at an inflexion point, Cyrus Mistry tells shareholders

    MUMBAI :  Tata Motors Ltd is at an inflexion point, with its entire product portfolio being revamped, Chairman Cyrus P. Mistry said in his letter to shareholders contained within the company’s annual report for the financial year ended Mar 31.