TVS Motor posts higher turnover and profit for 2013-14

TVS-MotorChennai, April 29 : Two- and three-wheeler manufacturer TVS Motor Company closed the last fiscal with an 11 percent growth in turnover and 126 percent rise in profit after tax, the company said Tuesday.

In a statement, the company said it closed last fiscal with a turnover of Rs. 7,962 crore and a net profit of Rs. 262 crore, up from Rs. 7,169 crore turnover and Rs. 116 crore net profit registered during 2012-13.

It sold 19.93 lakh two-wheelers, down from 19.95 lakh units sold in fiscal 2012-13.

But the company increased its three-wheeler sales to 80,235 units last fiscal as compared to 49,143 units sold in 2012-13.

Shanvi in Kannada remake of 'Ala Modalaindi'

Shanvi-SrivastavaChennai, April 20 : Southern actress Shanvi Srivastav will feature in the yet-untitled Kannada remake of Telugu blockbuster "Ala Modalaindi", which has already been remade in Tamil and will soon see a remake in Hindi as well.

"I have signed the Kannada remake of 'Ala Modalaindi'. We'll start shooting from the end of April," Shanvi told IANS.

Shanvi recently starred in the Kannada remake of Telugu hit "Prema Katha Chitram". This is the second remake she's starring in a row.

She has no qualms about working in remakes.

Thundering Thursday for poll rallies in Tamil Nadu

Narendra ModiChennai, April 18 - It was a thundering Thursday in Tamil Nadu with political leaders carrying out no holds barred oral fights on the election arena.

Retaliating to BJP prime ministerial candidate Narendra Modi's constant jibe at him as "recounting minister", union Finance Minister P. Chidambaram, who is not contesting himself and has fielded his son in the election, termed Modi an "encounter minister" referring to the alleged staged killings by police in Gujarat.

Daimler India hopes operational break even in 2015-16

Daimler-AGChennai, April 10 : German automobile major Daimler AG's Indian subsidiary is looking at higher local content in its trucks to be more price competitive and hopes to achieve an operational break even in 2015-2016, a top company official said Thursday.

Currently the company sells Actros vehicles for the mining segment which has high level of import content, making it costly.

India's Mars Orbiter crosses half-way mark

Mars-OrbiterChennai, April 9 : India's Mars Orbiter has travelled over 340 million km and crossed the half-way mark Wednesday morning on its long journey towards the Red planet, the Indian space agency said.

In a statement, the Indian Space Research Organisation (ISRO) said the Mars Orbiter had crossed the half-way mark along the designated helio-centric trajectory.

According to an ISRO official, the Mars Orbiter has to travel 680 million km.

Chennai Airport suffers one more glass panel crash

Chennai Airport suffers one more glass panel crashChennai Airport on Sunday witnessed falling and shattering of a massive glass panel, which sent a wave of shock and panic among bystanders.

A glass panel measuring 6 feet by 3 feet, which was a part of the exterior facade of a new terminal at the airport, fell from a height of nearly 30 feet above the first floor and crashed all the way down to the ground floor, splintering pieces of glass every where.

Many passengers were entering the departure hall, while a family was sitting nearby; but fortunately, no one got injured in the accident.

Hyundai's March sales down 8.4 percent

Hyundai-MotorChennai, April 1 : Automobile manufacturer Hyundai Motor India Tuesday reported an 8.4 percent fall in its total sales for March at 51,708 units from 56,437 units in the corresponding month of last year.

In a statement, the company said its domestic sales during the month under review grew by 3.4 percent and stood at 35,003 units -- up from 33,858 units sold in March 2013.

TVS Motor sales grows 17 percent in March

TVS-Motor-Sales-GrowsChennai, April 1 : Two- and three-wheeler maker TVS Motor Co Ltd closed last month with 17 percent increase in sales over previous year's corresponding period.

In a statement issued Tuesday, the company said it sold 196,826 units last month, up form 167,583 units sold in March 2013.

The company's total sales last month included 188,822 two-wheelers and 8,004 three-wheelers. In March 2013, TVS Motor sold 162,507 two-wheelers and 5,076 three-wheelers. (IANS)

Ford India not to launch eight new models

Ford India not to launch eight new modelsChennai, March 21 - Despite a tough Indian market, Ford India, the wholly-owned subsidiary of US-based Ford Motor Company, is not revisiting its business plan of launching eight new models by 2015, said a senior official.

"We are on target with our plans. The Gujarat plant will be ready by the end of 2014 and the first model will roll out early 2015," Ford India president Nigel Harris told reporters here Thursday night.

When asked about Ford India's plans to roll out eight new models by 2015, he said: "No comments on the eight products."

Neil Nitin Mukesh to make Tamil debut as a villain

Neil-Nitin-MukeshChennai, March 15 : Filmmaker A. R Murugadoss Saturday confirmed that Bollywood actor Neil Nitin Mukesh will make his Tamil debut with upcoming yet-untitled film featuring superstar Vijay.

"Yes, Neil is playing villain in our new film," posted Murugadoss on his Twitter page.

Vijay and Murugadoss have teamed up for the second time after the success of "Thuppakki", which has already been remade in Hindi.

Samantha Ruth Prabhu has been paired with Vijay in the film, which is currently on floors and will hit the cinemas this Diwali.(IANS)

Regulator's order to SBI Life puts focus on banks as brokers

Regulator's order to SBI Life puts focus on banks as brokersChennai, March 14 - The insurance regulator's direction to the SBI Life Insurance Company Ltd. to refund Rs. 275.29 crore to policy holders for the absence of informed choice has turned the focus on allowing banks to continue as agents rather than brokers, said experts.

"The spotlight is now on banks being allowed as corporate agents. Banks should ideally be insurance brokers, technically representing the policy holders. Agents, on the other hand, represent the insurers," a senior life insurance official in Mumbai told IANS.

Ensure Indian fishermen in Sri Lanka are freed: Jayalalithaa

JayalalithaaChennai, March 8 : Tamil Nadu Chief Minister J. Jayalalithaa has urged the Indian government to use diplomatic channels to secure the release by March 13 of the 177 Indian fishermen jailed in Sri Lanka.

In a letter to Prime Minister Manmohan Singh released to the media Saturday, Jayalalithaa said the release must take place before leaders of the fishing communities from both countries meet March 13.

"I strongly urge you to ensure that the matter is immediately taken up at the highest diplomatic level for the immediate release of the 177 Tamil Nadu fishermen and their 44 boats," she said.

2014 polls will give Indians second independence: Jayalalithaa

J-JayalalithaaChennai, March 4 : Tamil Nadu Chief Minister J. Jayalalithaa Tuesday said the forthcoming general election will give Indians their second independence.

"It is not an ordinary election that would result in change of government. It is one that would give Indians freedom from corrupt rule, threat from neighbouring nations and other ills," Jayalalithaa said.

Addressing a huge public rally at the A. M. Jain College ground in support of her party's candidate from the Sriperumbudur constituency K. N. Ramachandran, she launched a blistering attack on the Congress-led United Progressive Alliance (UPA) government at the centre.

Auxus Nuclea N2 re-launched at a discount

iBerry-Auxus-Nuclea-N2Chennai, March 3 : For those who missed on booking Auxus Nuclea N2 at a special inaugural price, its maker iBerry has revived the offer on its fully-loaded octa-core smart phone.

Beginning March 3, the duel-sim Auxus Nuclea N2 is available at an introductory offer price of Rs. 19,990 for the next five days to meet the heavy rush across its stores.

Post the introductory offer period, the phone would cost Rs. 23,990, said the company.

The smart phone comes with 16GB internal memory, which is expandable up to 64GB using a MicroSD card.

Hyundai's February sales down 14.9 percent

HyundaiChennai, March 1 : Automobile manufacturer Hyundai Motor Saturday reported a 14.9 percent fall in its sales in February at 46,505 units from 54,665 units in the like period of 2013.

"Post the reduction in excise duty, enquiry inflow has increased with February sales of 34,005 units with a growth of two percent over the earlier month and it is expected that this would lead towards creation of a positive momentum," said Rakesh Srivastava, senior vice president, sales and marketing, Hyundai Motor India.

In a statement, the company said its domestic sales during the month under review stood at 34,005 up from 34,002 units sold in February 2013.

TVS Motor logs seven percent sales growth

TVS-MotorChennai, March 1 : Two and three wheeler maker TVS Motor Company Saturday said it closed last month with a seven percent increase in total sales as compared to sales logged in February 2013.

In a statement the company said it has logged total sales of 177,762 units in february, up form 165,696 units sold in the same month 2013.

Sales of two wheelers increased six percent last month to 170,293 units from 160,895 units in February 2013.

Last month the company sold 7,375 three wheelers as against 4,801 units sold in February 2013.(IANS)

Toyota Kirloskar sales down in February

Toyota Kirloskar sales down in FebruaryChennai, March 1 - Japanese-Indian car joint venture Toyota Kirloskar Motor Saturday said it closed last month with a total sales of 11,284 units down from 13,979 units sold in February 2013.

In a statement, the company said it sold 10,100 units last month in the domestic market as compared to 12,756 units sold in February 2013.

'Lakshmi Raave...' producer waited six months to sign Avika

avika-gorChennai, Feb 22 : Producer Giridhar says he had to wait for six months to sign actress Avika Gor for his upcoming Telugu romantic drama "Lakshmi Raave Maa Initiki" as she was busy shooting for cinematic debut "Uyyala Jampala".

"We couldn't think of anyone else for the role. Therefore, we decided to wait for six months to sign Avika. When we approached her, she had already started shooting for 'Uyyala Jampala'. We narrated the story and she instantly liked it," Giridhar told IANS.

Ford India cuts car prices

Ford India cuts car pricesChennai, Feb 21 - Car manufacturer Ford India Friday announced price reduction on its five models following a reduction in the excise duty, said the company.

In a statement, Ford India said price of Figo has been reduced up to Rs. 23,399, while price of Classic was curtailed up to Rs. 24,056.

EcoSport will cost around Rs. 25,947 cheaper. Fiesta and Endeavour will offer benefits up to Rs. 32,961 and Rs. 1,06,753 respectively.

Jagapathi Babu keen on mature roles in second innings

Jagapathi Babu keen on mature roles in second inningsChennai, Feb 12 - Jagapathi Babu, who turned 52 Wednesday, says he is ready to take up mature roles and "strong" characters as well supporting parts in his second innings in the film industry.

Jagapathi, who has played a successful romantic hero on the big screen for nearly two decades, will be seen in the role of an antagonist for the first time in upcoming Telugu political drama "Legend".

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