In order to boost the sales, Puravankara Projects is reportedly offering a scheme to its customers to reduce the buyer’s overall cost of home ownership. Under the scheme, although the customer would continue to avail of a home loan at the current market rate of 10.25 per cent to 10.5 per cent from his or her bank, Puravankara would step in to reimburse 3.25 per cent of the home loan interest rate to the customer.
This will effectively reduce customers' home loan interest burden to 6.99 per cent against prevailing interest rates of 10.25 per cent to 10.5 per cent.
Puravankara Projects is a leading real estate company in India, with significant presence in Bengaluru, Kochi, Chennai, Coimbatore, Hyderabad, Mysore and overseas in the United Arab Emirates, Kingdom of Saudi Arabia and Sri Lanka. The company has successfully completed 41 residential and 2 commercial projects encompassing 16.52 million square feet.
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Thursday, 22 May 2014
Puravankara Projects offers interest rate subsidy to customers: Report
Tata Motors launches all-new range of ULTRA trucks
Tata Motors' Commercial Vehicle Division has launched the new Intermediate and Light Commercial Vehicle (ILCV) range of trucks christened 'ULTRA', which offers superior technology and design that ensures lowest total cost of ownership through higher uptime because of increased driver comfort, superior aggregates and customised requirements. The ULTRA range of commercial vehicles was conceived as a modern platform that will serve the needs of new generation trucks and buses.
The new Tata ULTRA range of trucks will come in several variants with payload capacity between 5 and 15 tonnes. With its contemporary design, the ULTRA range comes packed with new generation aggregates like the reliable Tata engine, gearbox and clutch and pioneering driver-centric features like disc brakes, radial tyres, spacious world-class cabin, suspended seats, HVAC option.
The all-new range of Tata ULTRA trucks brings in global design that matches aesthetics with enhanced comfort, fuel-efficiency and low cost of ownership to offer the best business proposition to operators. On the interiors, the Tata ULTRA range will come with a world-class hydraulic 45 degree tiltable cabin, which has been designed with elegant and stylish looks, with sufficient storage capacity and features like dash-mounted gear lever, AC provision and a new generation instrument cluster.
Tata Motors is India's largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer.
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Titan Company shines as its brand Fastrack expects Rs 1,000 crore revenues for current fiscal
Titan Company is currently trading at Rs 333.20, up by 23.05 points or 7.43% from its previous closing of Rs. 310.15 on the BSE.
The scrip opened at Rs 341.15 and has touched a high and low of Rs 347.65 and Rs 331.20 respectively. So far 1125494 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 343.90 on 16-May-2014 and a 52 week low of Rs 200.00 on 13-Jun-2013.
Last one week high and low of the scrip stood at Rs 343.90 and Rs 297.50 respectively. The current market cap of the company is Rs 29638.74 crore.
The promoters holding in the company stood at 53.05% while Institutions and Non-Institutions held 24.10% and 22.84% respectively.
Titan Company’s fashion brand- Fastrack, expects its turnover for the current fiscal to be around Rs 1,000 crore as against Rs 800 crore in the previous fiscal. The brand plans to add 70 newly-designed stores to its existing 157 stores. The company generally spends around five percent of the turnover on advertisements and brand building.
The brand is also looking at entering into new categories and would add a new category in the next two years. The leading fashion brand has recently introduced a new range of accessories for the summer with trendy sunglasses and backpacks. Fastrack sunglasses are priced from Rs 1,195 to Rs 2,295, the collection comprises of Aviators, Wayfarers and Sporty wraps while the backpacks are priced from Rs 1,195 to Rs 4,395.
Titan is India’s largest manufacturer of quartz watches and has a 60% market share in the Indian market. It is world’s sixth largest manufacturer of branded watches. It has a manufacturing and assembly unit at Hosur in Tamil Nadu.
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Crude oil futures trade lower on MCX
Crude oil futures traded lower on MCX on the back of caution ahead of a spate of US economic data today including initial jobless claims, existing home sales, leading indicators and manufacturing for the month of May.
The contract for June delivery was trading Rs 6099.00, down by 0.52% or Rs 32.00 from its previous closing of Rs 6131.00. The open interest of the contract stood at 10665.00 lots.
The contract for July delivery was trading at Rs 6082.00, down by 0.51% or Rs 31.00 from its previous closing of Rs 6113.00. The open interest of the contract stood at 867.00 lots on MCX.
Reliance Capital jointly acquires stake in Sula wines with Verlinvest and VisVires
Reliance Capital, Verlinvest and VisVires India Wineries have jointly acquired Rs 275-crore stake in Nashik Vintners, parent of Sula wines. The deal values India's top winemaker at Rs 700 crore and provides a handsome exit to its early financial investors led by Everstone Capital. The transaction also includes Rs 60-crore capital infusion into the company by the three acquiring shareholders.
Reliance Capital together with VisVires India Wineries, company owned by a Singapore-based investor Ravi Viswanathan, will now hold 29% stake in the company. Verlinvest, a Belgian family office belonging to the founders of beer giant Anheuser Busch InBev, will increase its stake to 23%.
Reliance Capital is a systemically important non-deposit taking NBFC. The company is part of the Reliance group led by Anil Dhirubhai Ambani. It currently operates as the holding company for the group’s entities in the financial services sector.
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Castor seed futures trade up on strong export demand
| Castor seed futures traded up n NCDEX on the account of strong export demand of meal in local mandis along with weak production estimates for the current year. Creation of fresh positions by traders and speculators further added to the upside of the commodity prices. The contract for June delivery was trading at Rs 3922.00, up by 0.59% or Rs 23.00 from its previous closing of Rs 3899.00. The open interest of the contract stood at 175780.00 lots. The contract for July delivery was trading at Rs 4017.00, up by 0.55% or Rs 22.00 from its previous closing of Rs 3995.00. The open interest of the contract stood at 132570.00 lots on NCDEX. |
Potato futures trade lower on fresh arrivals
| Potato futures traded lower on MCX as speculators offloaded their positions, driven by weak trend in the spot market. Besides, easy availability in the physical markets following fresh arrivals from producing regions in UP, Punjab, MP and West Bengal also weighed on the prices. The contract for May delivery was trading at Rs 1283.20, down by 0.41% or Rs 5.30 from its previous closing of Rs 1288.50. The open interest of the contract stood at 241.00 lots. The contract for June delivery was trading at Rs 1323.00, down by 0.62% or Rs 8.20 from its previous closing of Rs 1331.20. The open interest of the contract stood at 1653.00 lots on MCX. |
Gold futures edge lower on subdued demand
Gold future traded down on MCX as investors and speculators exited positions in the precious metal tracking a subdued trend in the overseas market as prospects of continued tapering of QE by the Fed dimmed gold’s appeal as a hedge against the inflationary risk of monetary stimulus.
The contract for June delivery was trading at Rs 27283.00, down by 0.33% or Rs 90.00 from its previous closing of Rs 27373.00. The open interest of the contract stood at 8823.00 lots.
The contract for August delivery was trading at Rs 27138.00, down by 0.05% or Rs 13.00 from its previous closing of Rs 27151.00. The open interest of the contract stood at 4199.00 lots on MCX.
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Sundaram Finance soars on offloading its entire shareholding in Credit Information Bureau
Sundaram Finance is currently trading at Rs. 802.00, up by 26.15 points or 3.37% from its previous closing of Rs. 775.85 on the BSE.
The scrip opened at Rs. 785.80 and has touched a high and low of Rs. 809.00 and Rs. 782.05 respectively. So far 3402 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 805.00 on 20-May-2014 and a 52 week low of Rs. 463.10 on 04-Sep-2013.
Last one week high and low of the scrip stood at Rs. 805.00 and Rs. 732.10 respectively. The current market cap of the company is Rs. 8921.08 crore.
The promoters holding in the company stood at 36.07% while Institutions and Non-Institutions held 12.78% and 51.16% respectively.
Sundaram Finance has sold its entire holdings of 625,000 equity shares of Rs 10 each in Credit Information Bureau (India) to Trans Union International, Inc, USA, after completion of all statutory formalities. Recently, the company’s IT subsidiary - Sundaram Infotech Solutions has bagged three large IT and ERP deals in West Asia.
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