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Sharda Motor Industries discontinues operations at Surajpur, Uttar Pradesh

Read more about Sharda Motor Industries discontinues operations at Surajpur, Uttar Pradesh on Business Standard. 1. Maruti Suzuki business for model Gypsy was discontinued due to demerger of seating business of the company.

Maruti Suzuki, Avenue Supermarts, IRCON International in focus

Maruti Suzuki India s total production jumped to 172,433 units in March 2021 from 92,540 units in March 2020. The production of passenger vehicles rose to 170,036 units in March 2021 compared with 91,602 units in March 2020. Production of light commercial vehicles surged to 2,397 units in March 2021 from 938 units in March 2020. Avenue Supermarts said that standalone revenue from operations for the quarter stood at Rs 7,303.13 crore as compared to Rs 6,193.53 crore in the same period last year. The total number of stores as of 31 March 2021 stood at 234. The board of directors of IRCON International approved and recommended the issuance of one bonus share for each share held. Sobha said the company has achieved best ever total sales volume of 1,337,707 square feet of super built-up area valued at Rs 10.72 billion in Q4 2021.

Bosch announces resignation of directors

With effect from 05 April 2021Bosch announced that Dr. Bernhard Straub, Chairman (DIN: 06654241), being a Non-Executive Director of the Company has submitted his resignation as a Director, vide letter dated 05 April 2021, with effect from close 0of business hours on 20 May 2021 due to change in area of his responsibility at global level; Further, Bernhard Steinruecke (DIN: 01122939), Independent Director of the Company has submitted his resignation as a Director, vide letter dated 05 April 2021, with effect from close of business hours on 20 May 2021 due to pre-occupation. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

US Market closes higher

The US stock market finished session higher on Thursday, 01 April 2021, on optimism about a stimulus-fueled economic recovery after President Joe Biden $2.3 trillion infrastructure pitch. Positive sentiment was also generated in reaction to a report from the Institute for Supply Management showing the pace of growth in U. S. manufacturing activity accelerated by much more than anticipated in the month of March. At the close of trade, the Dow Jones Industrial Average index advanced 171.66 points or 0.52% to 33,153 and the S&P 500 added 46.98 points or 1.18% to 4,020. The tech-heavy Nasdaq Composite Index added 233.23 points or to 1.76% 13,480. Microsoft, Apple, Facebook and Google s parent company were among the winners, along with smaller companies, which stand to benefit from a quickly growing economy. Health care, household goods stocks and utilities were the only laggards

HCL Tech to modernize, transform Tenneco s tech landscape

HCL Technologies announced an agreement with Tenneco Inc. for a multi-year, integrated application development, modernization, and operations services contract. As part of this engagement, HCL will help Tenneco enhance their IT simplification, modernization and transformation journey while helping to reduce technical complexities and support the global IT application portfolio. HCL Technologies application modernization approach will be part of the initial acceleration of Tenneco s application rationalization and modernization initiative. Tenneco Inc. is a leading Fortune 500 global tier-1 automotive supplier and manufacturer. The announcement was made after market hours yesterday, 31 March 2021. Shares of HCL Technologies fell 1.29% to settle at Rs 983.45 yesterday. HCL Technologies is a leading global technology company. HCL offers its services and products through three business units: IT and Business Services (ITBS), Engineering and R&D Services (ERS) and Products & Platfo

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