German luxury automobile manufacturer BMW has launched the petrol-powered high-performance sedan M5 luxury car in India, where the company has announced its priced tag at Rs. 1.35 crore. BMW Group India president Philipp von Sahr said it is an independent production of BMW M GmbH, which it will remain faithful to the M philosophy, perfectly combining high performance with optimum everyday practicality. According to sources, the luxury automobile manufacturer has released new car with a CBU (Completely Built-Up) unit is available across its dealerships. BMW new sedan is powered by the M TwinPower Turbo eight-cylinder petrol engine which pushes the vehicle from 0 to 100 km per hour in just 4.3 seconds. It will come with same M Twin Power Turbo V8 petrol engine, which it was rated at 560bhp along with 680Nm of peak torque. Meanwhile, the power unit packed with a mated to a seven-speed M dual-clutch transmission with paddle shifters, endowing the performance sedan to finish the 0-100 kmph dash in just 4.3 seconds. The company has promised that its performance-to-fuel-consumption ratio will boost up through Intelligent Lightweight Construction, Automatic Start/Stop function, Brake Energy Regeneration, Electric Power Steering, 50:50 Weight Distribution and other tech.
Mini Cooper, the world's most popular little hatchback named Mini Cooper, which it was finally makes debut with fresh upgrades in the Indian market. The company has released a statement that Mini Cooper has been launched in 5 -door and 3-door options, while the 5-door car introduced at price Rs 35-20 lakhs and the 3-door trim is offered at Rs. 31.85 Lakh. However, the Mini Cooper has launched the new Cooper in diesel engine version, where it is powered by 1.5-litre, 3-cylinder diesel engine. It is capable of generating about 114PS of power with about 270Nm of torque output, which it will be most stylish and peppy hatchback with outstanding fuel efficiency figure of about 21.15 Kmpl. New Mini Cooper is equipped with new features console and redesigned switch positioning on the doors and dashboard. However, the exterior for new Cooper packed with LED headlamps, daytime running lamps and more bolder looking wheels.
Japan's number-two automaker Nissan has released a statement that the company has earned around ¥237 billion in the April-September period, up from ¥189.82 billion a year ago, where the sales has increased around 8.2 per cent to ¥5.14 trillion. Nissan's half-year net profit rose up to 25 per cent to US$2.3 billion, which it has lifted by strong North American sales and new models, with a sharply weaker yen and it also boosting the firm's bottom line. Meanwhile, Nissan also warned to slow down demand in its number one market China and Japan due to the April sales tax hike, where the similar situation faced by the rival Honda. Nissan is still reported a 19 per cent jump in first-half profit last week. Nissan has successfully conquered challenging market in its the first-half of the fiscal year, delivering high level revenues and profitability amid encouraging demand for our latest models says the firm's chief executive Carlos Ghosn in a statement.
India is likely to become the second largest Internet Market in the word, which it can reach 302 million users by end of the December 2014. It has recorded a year-on-year growth of 32% over last year, where the 'Internet in India 2014' report was released by the Internet and Mobile Association of India (IAMAI) and IMRB International. The internet users in India has moved over 10 million to 100 million and three years from 100 to 200 million. According to sources, it just took only one year to move from 200 to 300 million users. Meanwhile, the number of internet users in urban India rapidly increased by 29% from October 2013 to reach 177 million in October 2014, where it is likely to reach 190 million by December 2014 and 216 million by June 2015. internet users has been rose-up significantly around 39% to climb to 101 million in October 2014 compared to last year in rural India, which it is expected to reach 112 million by December 2014 and 138 million by June 2015. China is leading with more than 600 million internet users, while the United States holds second place with an estimated 279 million internet users. India is expecting to surpass the US as the second largest Internet users' base in the world.
Domestic budget carrier Air Asia India has announced a statement that the company has come up with prices as low as Rs 999 for its New Year offer, where the booking period will be open till November 23. The offer is applicable on travel date in between January 15, 2015 and April 30, 2015. IndiGo also announced the special fares starting as low as Rs 1,647 (all-inclusive) on select destinations, where the tickets for this advance fare scheme should be purchased at least 90 days prior to departure.Meanwhile, IndiGo's scheme will come in the wake of a same offer from rivals Jet Airways. Jet Airways has announced special fares as low as Rs 1,973 (all-inclusive) on select destinations. This offer is valid on economy class travel within India.
TVS Motor Company has released a report that the company has its net profit increased by just around 7% to nearly Rs 95 crore by end of the quarter in September 2014, which it has moved up from nearly Rs 89 crore in the year-ago period.The company's profit has improved by 49% from Rs 88.2 crore last quarter to Rs 131.3 crore this time around. Meanwhile, the company's last quarter two results grabbed a profit of Rs 30.3 crore on account of sale of majority stake in TVS Energy. TVS Motors has raised 35% for the quarter-ended September 2014 moving up from Rs 1,988.4 crore last quarter two to Rs 2,683.1 crore. The company also increased the sales two-wheeler around 35% in the period under review increasing from 4.79 lakh units last year to 6.48 lakh units this quarter two. Motorcycle has sold out by 29% increasing from 1.97 lakh units in the quarter ended September 2013 to 2.55 lakh units this time round.
The company has released a statement on Thursday that it has lost of Rs 78 crore for the September quarter, which it has slide down around 4 per cent. Tata power producer said in a statement that lower revenues from coal business and other several reason, which it has impacted on business during the second quarter. In a statement it has consolidated profit after tax of Rs 75 crore in the same period last year. According to sources Tata Power’s scrip has falls nearly 3.66 per cent to Rs 85.50 on the BSE. However, the scrip has narrowed its losses and trading 1.24 per cent lower at Rs 87.65 in afternoon trade. It also went down about 1.18 per cent at Rs 87.70 in the National Stock Exchange. The company has released a report that Tata Power's profit in the second quarter of current financial year climbed to Rs 306 crore from Rs 262 crore in the year-ago period.
Government has increased petrol and diesel prices from Thursday by around Rs 1.50 per liter after the excise duty on the two fuel to mop up an additional revenue of about Rs 13,000 crore. According to sources the fall in international oil prices showed in six straight reduction in petrol prices since August and two in diesel in the last one month. However, the Excise duty on normal or unbranded petrol has been increased from Rs 1.20 per liter to Rs 2.70 per liter, while unbranded diesel jumped from Rs 1.46 a liter to Rs 2.96. The same branded petrol hiked from Rs 2.35 a liter to Rs 3.85 and on branded diesel from Rs 3.75 to Rs 5.25 per liter. Meanwhile, the Unbranded petrol is available on a basic excise duty of Rs 1.20 per liter, which it is a special extra excise duty of Rs 6 a liter and a road cess of Rs 2 per liter. The Unbranded diesel will come out on a basis excise duty of Rs 1.46 a litre and road cess of Rs 2 per litre. The total excise duty on unbranded petrol has been hiked from Rs 9.20 to Rs 10.70 per litre and unbranded diesel from Rs 3.46 to Rs 4.96 per liter.
Rolls Royce Ghost Series II has been launched in India at price tag Rs. 4. 5 crore, which it was an updated to its Ghost Series version for the Indian market. The company has announced that the price of standard Rolls Royce Ghost Series II will be priced at Rs. 4.5 crore while the extended wheelbase variant will cost come out at Rs. 5.5 crore.According to sources the Rolls Royce second series was first launched at the Geneva Motor Show earlier this year followed by New York Auto Show. Meanwhile, the ultra-premium cars have been providing from Rolls Royce sees noticeable changes outside, which it will attract on the onlookers. The front facade with the signature grille now sport LED headlights, which it was replaced the earlier rounded lamps along with daytime running lights and the company also offered the front profile eye catchy. Rolls Royce Ghost Series II will come with 19-inch chrome studded alloy wheels, while the standard version will come out with 20-inch alloys for raised stance. The rear portion gets revamped taillights adding more to the character. Ghost Series II is available with new exterior color options.
Honda Motorcycle and Scooter India (HMSI) has been planning to release top model bikes next year in Indian market, where the company has been facing demand for certain automatic scooter and bike models in the country. Honda Motorcycle and Scooter India has been planning to launch Honda CBR 650F bikes next year in domestic market at a price tag of Rs. 10 lakhs.Honda CBR 650F powered by 649cc, 4-cylinder double overhead camshaft (DOHC) engine, which it is packed with a six speed gearbox. Meanwhile, the assembling operation is going to start early next year at Honda's existing facilities in Haryana, Karnataka and Rajasthan. The company has released any other specifications of the Honda CBR 650F bike.Currently, Honda Motorcycle and Scooter India (HMSI) has been importing bikes at a price range between Rs. 14 to Rs. 31 Lakhs. In a statement the company said the decision to locally assemble other high-end bikes will depend on how the domestic market responds in sales to the CBR 650.
Sun TV has released a statement that the company has gained around 8.68 per cent decline in net profit at Rs. 154.47 crore for the second quarter, which it has ended on September 30, 2014. According to sources the South-based television broadcaster had recorded a net profit of Rs. 169.16 crore for the corresponding quarter a year ago. However, its total income in the quarter under review was increased by 9.13 per cent to Rs. 509.02 crore from Rs. 466.41 crore in the year-ago period.It was the first time that Sun TV has declined 4.04 per cent to Rs. 320.11 crore in 2014-15 season, as compared to Rs. 333.60 crore in the same period in 2013-2014. According to sources the net sales during the six-month period has been rose up to 6.95 per cent to Rs. 1,142.60 crore as against Rs. 1,068.26 crore in the same period of last fiscal year.Sun TV shares has closed at Rs325.10, down 0.16%, while the benchmark index Sensex closed at 27,868.63 points, which it was down to 0.17% by end of the Friday.
L&T, the India’s largest engineering and construction company Larsen and Toubro Ltd (L&T) has released a statement that around a 6.87% rose-up in net profit for the quarter ended on September 30, which it has improved by strong domestic and international order inflows from the infrastructure and hydrocarbon sectors. L&T in a statement that net profit has grabbed around Rs.861.75 crore in the quarter from Rs.806.35 crore a year ago. According to a sources, L&T is expecting to grab the net profit of Rs.898.9 crore on sales of Rs.2,1790.6 crore, where the company has received secured orders value Rs.39,797 crore at a consolidated level in the quarter ended, during year-on-year increase of 17%. It also grabbed the International deals around 17% of the order inflow during the quarter at Rs.6,756 crore. The shares of the company has slide down Rs 14.35, or 0.86%, to settle at Rs 1,652.80, where the shares has been traded was approximately at Rs. 275,818 at the BSE by end of the Friday evening.