TopNews

Standing on its feet and living up to the market expectations, the Axis Bank stationed a 32% inclination on a yearly basis in its net earnings to Rs 742 crore in its first quarter of the recent fiscal.

The bank’s total proceeds hoisted up 12% on yearly basis to Rs 4,326 crore, geared up by an inclination in the loan book of 39% and a elevated fee income, which amplified by 19%.  

The bank accounted a net interest margin of 3.71%. It is inclined by than the 3.34% NIM placed during the year June 2009 quarter, but lesser than by 4.09% scheduled during the three months to March, 2010.

It is indeed a surprise that in an era where people have now moved on to ipads close to 20% of the retail investors in the Indian market currently hold shares in physical form.

Moreover, it is to be mentioned here that close to one-third of promoters' holdings in BSE-500 companies are in physical form which makes the 2.5% of total shareholding locked.

After Maruti’s market share has gone down below 50%, for the first time in its 25 year history, the country’s leading automotive player is now looking to regain the market share by pushing the rural sales in the Indian market.

According to the recently devised strategy, the company is now planning to raise its share of rural sales to 20 per cent from the current 17 per cent.

As the Indian consumer has started to develop love for the automatic version of automobile, Maruti Suzuki has decided that the company will not miss on this opportunity to bank high volumes. Notably, the company is planning to launch A-star Automatic in Indian market soon.

In fact, India’s leading car maker will take on the automatic version of the i10 with the automatic variant of A-Star.

After making its presence felt in places like Hyderabad and Chandigarh, Harley Davidson recently inaugurated its showroom in the Delhi region.

There is no denying to the fact that the recently opened showroom, Capital Harley-Davidson, state-of-the-art dealership, truly exemplifies the unique experience and attributes of the brand to the prospective consumers in the capital.

It seems that the Mahindra Group has developed a love for the South African region. As after partnering with FIFA for the Football world cup that took place in South Africa, the company now plans to set up a plant in South Africa. According to a media report, as improving market conditions boosted the company’s sales in the region by 80% as compared to the beginning of last year, the company is very buoyant on the success of its products in the South African market.

M&M group president Pawan Goenka recently said that it makes a lot of sense to have a plant in South Africa.