Ashok Leyland (ALL) has said that it will set up an assembly plant in Kenya and Bangladesh soon. It has also decided to increase its Ras Al Khaimah (UAE) capacity to 6,000 units per annum to tap African and West Asia in a big way.

Gopal Mahadevan, chief financial officer, ALL said while Kenya assembly plant was for both trucks and buses, that of Bangladesh was mainly for trucks. “We will be investing $5 million in Kenya and the same amount will be invested by our franchisee in Bangladesh. Both plants will have an annual capacity of 3,000 units to be scaled up based on the demand.”

National carrier Air India has announced that it will be providing unbeatable metros fare to domestic passengers willing to return the same day from Monday.

In aviation industry there is huge fare war and Air India wants to beat all airlines and attract passengers through lowest fares.

L&T Finance Holdings on Friday reported a rise of 7.8 per cent in consolidated net profit at Rs 207 crore for first quarter ended June.

The company's consolidated net profit stood at Rs 192 crore in the corresponding quarter of the previous financial yaer.

Axis Bank, the country’s third largest private sector lender, had a 21 per cent decline in net profit in the June quarter to Rs 1,556 crore.

As in this one, there was a dip in the March quarter, too, as bad loans and provisioning for these had increased. Gross non-performing assets (GNPAs) increased to 2.54 per cent of the total in the quarter ended June, as compared to 1.67 per cent in the preceding one. At the end of June, gross NPAs were Rs 9,553 crore, from Rs 6,088 crore at the end of March.

NHPC Ltd, the hydroelectric power developer, and Bharat Heavy Electricals Limited (BHEL), the manufacturer of heavy electrical equipment, have agreed for joint development of hydroelectric projects in overseas markets.

“The company has signed a memorandum of understanding (MoU) with BHEL for undertaking of hydropower projects in overseas markets,” said NHPC in a BSE filing on July 21, 2016.

Mumbai, July 21: HDFC Bank, the country's second-largest private sector lender, today met analysts' estimates when it reported a 20 per cent growth in its June-quarter net profit, buoyed by a strong growth in its core income.

The lender's net profit during the quarter stood at Rs 3,238.91 crore compared with Rs 2,695.72 crore a year ago.

Bengaluru: On the shop floor of most car manufacturers, amid the men, robots and cars, you may find a handful of women if you look hard enough. And if it is an early morning shift or a late night shift, one need not even make that effort. India’s largest auto maker Tata Motors Ltd wants to change that.

Out of the 60,000 workforce that Tata Motors has, only about 3% of its shop floor workers are women, said Gajendra Chandel, the company’s chief human resource officer.

The Securities Appellate Tribunal (SAT) has rapped the Securities and Exchange Board of India (Sebi) at least half a dozen times over the last three months. The capital markets regulator has been told off for lapses in the investigation procedures as also the lack of uniformity in judgments.Just last week, the appellate authority described the manner in which whole-time members (WTM) of Sebi handled an order passed by it as “shoddy”.

The non-availability of slots at city's Chhatrapati Shivaji International Airport (CSIA) may prompt Air India to use Pune as its base to ramp up the regional connectivity in Maharashtra, linking regions like Nanded, Amravati, Nashik and Shirdi.

As part of its plan to develop civil aviation infrastructure in the state, the government has been holding meetings with the scheduled and unscheduled airlines, inviting them to enhance regional connectivity.

Cigarette sales have disappointed ITC this time around with a growth in business by just about 6.4% on year at Rs 8,231 crore in the first quarter against a stupendous 10% growth in the March quarter.

The cigarette volume growth came at a low 2%, half of what market was expecting at 4%.

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