Honda Motorcycle & Scooter India Thursday said its 125 cc scooter Grazia has created a new milestone by selling two lakh units since its launch in November last year.
The scooter had crossed one-lakh sales milestone six months ago and took another five months to double it, the company said in a release.
******************* Axis Bank partners with India Mortgage Guarantee Corporation *
Mumbai: Axis Bank has partnered with India Mortgage Guarantee Corporation (IMGC) to offer mortgage guarantee- backed home loans in the affordable housing segment.
Home buyers will now be offered an improved loan eligibility up to 20 per cent and a higher loan-to-value with the mortgage guarantee-backed home loans with this tie-up, the bank said in a statement Thursday.
IMGC is a joint venture between National Housing Bank, Genworth Inc, IFC and Asian Development Bank.
******************* SKF India Q2 net rises 14% to Rs 84.3 cr *
New Delhi: SKF India, which is into bearings, seals, lubrication systems and services, reported a 14 per cent year-on-year growth in net profit at Rs 84.3 crore in the quarter ended September.
Its revenue grew by around 13 per cent to Rs 766 crore for the quarter.
The company attributed the numbers to the robust growth in both industrial and automotive markets, which could help it weather the macroeconomic headwinds due to rising oil prices, a weakening rupee and tightening credit markets.
Its board also approved a Rs 399-crore buyback proposal of up to 1.9 million shares from shareholders on a proportionate basis by way of a tender offer at a price of Rs 2,100 per equity share.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)