Wednesday, December 19, 2012

Corporate News And Economic Event 19-12-2012

Corporate News

Tata Motors has launched the new Aria Pure LX, a new variant with a bouquet of features, at Rs 9.95 lakh ex-showroom in Hyderabad.


Mahindra and Mahindra is buying out Navistar Group’s stake in two of its subsidiary joint venture companies for approximately Rs 175 crore. Navistar Group would continue to support M&M through a licence agreement and extend necessary support to MNAL and MNEPL for the purposes of business continuity.

Apollo Hospitals will invest Rs 400 crore to set up 10 specialized hospitals in India by 2015 for the treatment of heart diseases and cancer.

Economic Event:
Mid Quarter Policy Review: RBI kept Repo Rate and Cash Reserve Rate unchanged at 8% and 4.25% respectively.

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