Shares in Ashok Leyland has surged 6% to Rs 56.50, also its record high on BSE, after the company said it has reported 48% year-on-year jump in total sales at 9,290 units in December 2014. Auto major had sold 6,275 units during the same month of 2013.

Sales of medium and heavy commercial vehicles soared 85% in December 2014 to 7,210 units as against 3,890 units sold during the same month of previous year, Ashok Leyland said in a statement.

The Indian Oil Corporation (IOC) has said is in the final stages of taking over land and forming a joint venture for the liquefied natural gas (LNG) terminal project at Ennore near Chennai. The cost of the project, which will be the first LNG terminal in the eastern coast, has been revised to Rs 5,150 crore.

Speaking on the sidelines of the alumni association’s meeting of College of Engineering, Guindy in Chennai on Sunday, IOC chairman B Ashok said orders were being firmed up and the joint venture would be formed in a month. The project is expected to be completed by end-2017.

The number of people infected with the deadly Ebola virus reached 20,381 people by the end of 2014, and 7,989 of them died of the disease, according to figures released on Friday by the World Health Organisation (WHO).

The data includes confirmed, suspected and probable cases recorded in Guinea Conakry and Sierra Leone until Dec 31 and in Liberia until December 28.

A 14-year-old girl was killed Saturday during exchange of fire between Pakistani para-military troopers and India's Border Security Force (BSF) along the Line of Control (LoC), a media report said.

Samira was a resident of Punjab province's Sialkot city, Dawn reported.

Pakistan has rejected India’s claim that the crew of a Pakistani fishing boat blew up and sank their vessel in an attempt to evade capture at the hands of the Indian Navy in a high-speed chase at sea, Geo News reported.

Pakistan Foreign Office spokesperson Tasneem Aslam denied that any boat from Keti Bunder port of the country’s Sindh Province had sailed off.

Auto major Ashok Leyland reported 48% jump in sales at 9,290 units in December 2014.

The Hinduja Group company had sold 6,275 units during the same month of 2013.

Indian and Pakistani border guards continued to exchange heavy fire overnight at the international border in Jammu and Kasmir's Samba district.

"Heavy firing exchanges continued between the BSF and Pakistan Rangers in Ramgarh, Hiranagar and Samba sectors of the international border till early morning," a senior police officer told IANS here Saturday.

Hundreds of employees of NVH India Auto Limited, one of the suppliers for Hyundai Motor India Limited, went on a sit-in-strike, after a South Korean national (learnt to be the company’s managing director) allegedly assaulted an employee.

A video, which was uploaded on YouTube, shows a Korean national standing on the victim. However, the authenticity of the video could not be ascertained. The video went viral on the social media.

Tata Motors on Friday reported 10 per cent increase in total sales at 41,734 units in December 2014, as against 37,836 units in the same month last year.

Domestic sales of Tata commercial and passenger vehicles grew by eight per cent at 37,776 units as compared to 35,010 units in December 2013, Tata Motors stated.

State-owned Bhel has bagged a Rs 3,810 crore contract from Telangana for setting up the newly formed state's first thermal power project.

"Valued at Rs 3,810 crore, the order is for setting up the 800 MW supercritical thermal power plant on EPC (engineering, procurement & construction) basis at Kothagudem in Khammam District of Telangana," Bhel said in a statement.

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