Hero MotoCorp Limited is likely to finalise plans to set up a plant in Andhra Pradesh. Hero MotoCorp has three manufacturing plants under operation and the fourth one is likely to be commissioned soon and the fifth one is being developed in Gujarat. This plant when commissioned will be its first in south India.
Larsen & Toubro announced that L&T Construction has won new orders worth Rs 2050 crore across various business segments in August 2014 and September 2014.
Dabur India recommended an interim dividend of 125 per cent for 2014-15.
Economy News :
Wholesale Price Index (WPI) for the month of August shrunk to a five-year low of 3.74% versus 5.19% in July. The August WPI inflation is the lowest since October 2009 when it stood at 1.8 per cent. The WPI for June has been revised to 5.6% versus 5.43% earlier.
The Sensex and the Nifty plunged nearly one per cent on heavy selling by funds and retail investors due to weak industrial production data and weak global cues. The latest data also showed that the rate of inflation based on the consumer price index (CPI) eased to 7.8% in August 2014 and inflation based on the wholesale price index (WPI) saw a sharper-than-expected deceleration with a reading of 3.74% for August 2014. Meanwhile, a batch of weak data out of China raised concern of a sharp slowdown in the world's second-biggest economy. Among BSE sectoral indices, metal index fell by 1.69 per cent, oil & gas 0.96 per cent and capital good 0.89 per cent.