Maruti launches new Alto K10 priced up to Rs 3.82 lakh
The country's largest car maker, Maruti Suzuki India, today launched the new generation of its small car Alto K10 that comes equipped with automated gear shift and is priced up to Rs 3.82 lakh (ex-showroom Delhi).
Ashok Leyland sales up by 23% in Oct at 8,375 units
Ashok Leyland has reported a 43% growth in M&HCV sales during the month of October at 5,838 units as compared to 4,093 units, a year ago. Light Commercial Vehicle (LCV) sales dropped by 6% to 2,537 units from 2,710 units. Total sales of the comapny grew by 23% to 8,375 units from 6,803 units.
FDI lifeline for affordable housing
It is common knowledge that the real estate sector is struggling to keep its head above the water, given the large inventory of unsold space in both, large and small cities. This is a paradoxical situation, given India's high population density and the high potential demand for housing in the country.
Leela weighs options to ease debt load
In May, the share price of Hotel Leelaventure, the luxury hotel company, crashed 15 per cent in just four trading sessions at the Bombay Stock Exchange. The free fall came soon after news spread that the company had terminated negotiations with private equity fund Kohlberg Kravis Roberts, or KKR, for a bridge loan.
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