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Tuesday, September 1, 2015

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Ashok Leyland records total sales at 11544 units
Ashok Leyland announced the sales volumes for month of August 2015. Total sales stood at 11544 units compared to 8333 units in August 2014, registering a growth of 39%. Sales of M&HCV stood higher by 53% at 8903 units and sales of LCV were higher by 6% at 2641 units in August 2015 over August 2014. For the period April - August 2015, total sales were higher by 40% at 50752 units compared to 36134 units in corresponding period of previous year.
Alicon Castalloy acquires Castings Business of Rs137 crore
Alicon Castalloy Ltd has informed regarding a Press Release titled 'Alicon Castalloy Ltd has acquired the Castings Business of the Atlas Castalloy Ltd for Rs137 Crore.
ITC to enter dairy market with Ghee by end of Q2FY2016
ITC is set to foray its range of dairy product starting with ghee, which would be available in the market by the end Q2FY2016. The company's will rollout other products following ghee will include packaged milk, butter, cheese and chocolates in the next few years. This is positive for the company, as it focusing on reducing its dependence on cigarette business. Also it has strong distribution system, which will take care the reach of the products in the specific market.

Escorts Agri Machinery sells 2,402 tractors in August 2015
Escorts Ltd has informed regarding a Press Release dated September 01, 2015 titled 'Escorts Agri Machinery sells 2,402 tractor in August 2015'.
Indian Hotels exits from management contract of Taj Palace Dubai
Indian Hotels exits from management contract of Taj Palace Dubai, no major impact on earnings as it was management contract – neutral for the stock. Indian Hotels Company Ltd has pulled out from managing the Taj Palace Dubai on mutual understanding with the Juma Al Majid Group. With the new CEO Rakesh Sarna at the helm since September 2014, the Taj Group has been restructuring its overseas operations and exited from few of its overseas properties.

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