Page 22 - Hero Motocorp

Hero Moto skids 6% as I-T dept finds Rs 800 cr siphoned off funds

In the past six trading days, the stock has declined 11 per cent after media reported that the I-T department said Hero MotoCorp made over Rs 1,000 crore in bogus expenses

Hero MotoCorp launches Destini 125 XTEC; price starting at Rs 69,900

The new scooter, powered by a 125cc engine producing a power output of 9 BHP, comes in two variants with the standard variant priced Rs 69,900 and the top end tagged at Rs 79,990

Hero MotoCorp tax case: I-T finds Rs 800 cr siphoned off via shell firms

The department also found that 10 acres of farm land in Delhi was purchased through a few paper companies

I-T dept detects multiple irregularities after raids on Hero Moto, others

The Income Tax Department has found alleged illegal business expenses of over Rs 800 crore, Rs 60 crore "unaccounted" cash used to purchase land in Delhi

Sensex soars 740 pts; Nifty nears 17,500; banks, auto shine, metals sink

CLOSING BELL: Reliance Industries, HDFC twins, ICICI Bank, and Bajaj Finance lifted the benchmark S&P BSE Sensex 740 points higher to end at 58,684

Hero MotoCorp refutes report of false expense claims; terms it speculative

The company said officials from the Income Tax department visited its offices in the previous week, and it has provided all support and cooperation, necessary documents and data to the authorities

Stocks to Watch: ONGC, Hero MotoCorp, PNB, LTTS, IndiGo, Adani Group

Shares of ONGC are likely to be in focus as the government will sell 1.5 per cent stake in the oil producer through an offer for sale (OFS) over the next two trading sessions at Rs 159 per share.

Top headlines: War disrupts supply chain; Hero MotoCorp faces I-T probe

Finance Minister says Russia-Ukraine war has disrupted supply chains around the world, including India. More on that in our morning wrap

I-T department detects Rs 1K-cr 'bogus' expenses at Hero MotoCorp

The findings are learnt to be part of the tax department's initial probe into a possible tax evasion by the two-wheeler giant

Hero MotoCorp to hike prices by up to Rs 2,000 from April 5

The company will make an upward revision in the ex-showroom prices of its entire product range

Top headlines: Ruchi Soya shares surge; Hero Moto stock tanks 7%

Business Standard brings you the top headlines on Tuesday

Hero MotoCorp made over Rs 1k-cr bogus expenses, I-T search reveals: Report

Income Tax Department carried out a search and seizure operation on March 23 on Hero Motocorp and its chairman and managing director Pawan Munjal at multiple locations in Delhi-NCR

I-T searches at Hero MotoCorp CMD Pawan Munjal's premises for 'tax evasion'

About 25 locations in Delhi, Gurugram and other parts of northern India.

Hero MotoCorp says visit by income tax officials was 'routine'

Offices and residential premises of the company including that of chairman and CEO of the group, Pawan Munjal, located in Gurugram, Delhi and few other locations were covered

Top headlines: HDFC approves Rs 2-trn loans; I-T raids Hero Moto premises

Business Standard brings you the top headlines on Wednesday

Hero MotoCorp provides 108 motorbikes to police dept in HP's Hamirpur

Hero MotoCorp on Tuesday provided 108 motorbikes to the Himachal Pradesh police here under its corporate social responsibility (CSR) programme.

Amid arbitration with Hero Electric, Hero Motocorp launches new EV brand

As part of its transition to the EV business, the company has started forming tie-ups and partnerships with other firms

Hero MotoCorp shares decline over 4% after 29% drop in Feb sales

Two-wheeler market leader Hero MotoCorp had on Tuesday reported a 29 per cent decline in total wholesales at 3,58,254 units in February

Stocks to Watch: HUL, Eveready, L&T Finance, Banks, Autos, Adani Group

Auto stocks are likely to react to the monthly sales reported over the last two days. Tata Motors and M&M sales reported strong sales.

Hero MotoCorp sales dip 29% in Feb to 358,254 units, but exports rise

Domestic sales were also down 31.57 per cent at 3,31,462 units last month compared to 4,84,433 units in February 2021