- Project with Renault, Nissan on track: Bajaj
- Tata Motors’ global sales decline in June
- 171 banks shortlisted for Bhel FPO
Project with Renault, Nissan on track: Bajaj
Bajaj Auto Ltd on Friday said its project to develop four wheelers for Nissan Motor Co. and its alliance partner Renault SA was on track after a newspaper said it had been called off, citing a top executive.
Earlier on Friday, The Wall Street Journal reported that Bajaj had shelved the project to develop a low cost minica in India
“We would like to clarify that the BajajRenaultNissan project is very much on”, S. Ravi Kumar, Bajaj Auto's senior vice president for business development, said in an emailed statement.
Tata Motors’ global sales decline in June
Tata Motors Ltd on Friday said its global sales declined nearly 1% in June to 89,846 units as against 90,702 units in the same month last year.
Sales of luxury brands from Jaguar Land Rover were at 20,358 units during June, up 1% from the same month last year, Tata Motors said in a statement.
While sales of luxury sedans of Jaguar brand were down by 40% last month to 4,038 units, Land Rover sales were up 22% at 16,320 units, it added.
17 i-banks short listed for Bhel FPO
The government has short listed 17 merchant bankers, including ICICI Securities, SBI Caps and Goldman Sachs, for offloading 5% stake in Bharat Heavy Electricals Ltd (Bhel) through a follow on public offer (FPO), which will fetch over `4,700 crore at current price.
The proposed offloading of the government's stake is part of the Centre's programme to mop up `40,000 crore via disinvestment in the current fiscal.
(Source-:mintlive)