Maruti Suzuki India's total sales rose 8.1% to 1.39 lakh units in March 2017 over March 2016. The company's total domestic sales rose 7.7% to 1.27 lakh units in March 2017 over March 2016. Exports grew by 12.6% to 11,764 units in March 2017 over March 2016. The announcement was made on Saturday, 1 April 2017.
Mahindra & Mahindra's (M&M) total auto sales rose 6% to 56,031 units in March 2017 over March 2016. M&M's total tractor sales rose 32% to 19,337 units in March 2017 over March 2016. The announcement was made on Sunday, 1 April 2017.
Tata Motors' passenger and commercial vehicle total sales rose 8% to 57,145 vehicles in March 2017 over March 2016. The announcement was made on Saturday, 1 April 2017.
SML Isuzu's sales rose 26.4% to 2,094 units in March 2017 over March 2016. The announcement was made on Sunday, 1 April 2017.
Shares of public sector oil marketing companies (PSU OMCs) will be in focus after Indian Oil Corporation (IOCL) on Friday, 31 March 2017, announced reduction in selling price of petrol and diesel with effect from midnight of 31 March 2017. Petrol price was decreased by Rs 3.77 per litre and diesel price was reduced by Rs 2.91 a litre at Delhi (excluding state levies).
Indiabulls Housing Finance said that it has on Friday, 31 March 2017, allotted its fourteenth tranche of secured, redeemable, non-convertible debentures (NCDs) aggregating to Rs 37.5 crore. This was part of the company's proposal announced in November 2016, to issue, secured, redeemable, NCDs aggregating Rs 6000 crore, on a private placement basis. The announcement was made after market hours on Friday, 31 March 2017.
Everest Kanto Cylinder has entered into the Asset Purchase Agreement with SNF Flopam India to sell companies land, building and electric installations in Gandhidham, Gujarat for consideration of $29 million. The expected date of completion of sale would be 30 April 2017. The announcement was made after market hours on Friday, 31 March 2017.
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