TVS Motor Company, Tata Motors and Thomas Cook to see some action today

TVS Motor Company has registered a growth of 2% with sales increasing from 355,033 units in October 2021 to 360,288 units in October 2022. Total two-wheelers registered sales of 344,630 units in October 2022 as against sales of 341,513 in October 2021. Domestic two-wheeler sales registered growth of 7% increasing from 258,777 units in October 2021 to 275,934 units in October 2022.

Tata Motors has reported a 15.49 per cent rise in total sales at 78,335 units in October 2022. The company had sold a total of 67,829 units in the same month last year. Total domestic sales were at 76,537 units as against 65,151 units in the year-ago month, a growth of 17 per cent. Passenger vehicle (PV) sales, including electric vehicles, in the domestic market were at 45,423 units as compared to 34,155 units in the same month last year, up 33 per cent.

Thomas Cook (India)’s North American subsidiary -- AlliedTPro has entered into a strategic joint venture with New World Travel Inc for providing key shared services to both companies and fuel growth opportunities. The joint venture will enhance growth opportunities for both companies by combining scale and leveraging technology to improve productivity and reduce the cost of operation.

Life Insurance Corporation's (LIC) shareholding in Tata Motors has crossed 5 per cent as the insurer stepped up shareholding over the past ten months, investing Rs 11.39 crore in the auto company. LIC’s shareholding in Tata Motors Ltd has increased from 16,59,48,741 to 16,61,98,741 equity shares increasing its shareholding from 4.997 per cent to 5.004 per cent of the paid-up capital of the company.

Cineline India has opened 4 screen multiplex at ‘Huma Mall’, situated at LBS Marg, Near Kanjur Marg Railway Station (West), Mumbai with a capacity of 1,112 seats. The cinema is equipped with recliner seats for enhanced comfort and 2K projectors that deliver high resolution, sharp and bright images. In addition, the Audi's are equipped with ATMOS, 7.1 Dolby sound and 3D technology. With this launch, MovieMax now is operational in 35 screens across 12 properties in 6 cities in India.

The Finance Committee of the Board of Directors of Grasim Industries considered and approved issue of Non-Convertible Debentures (NCDs) on private placement basis, for an amount not exceeding Rs 1,000 Crore, in one or more tranches.

FSN E-Commerce Ventures has reported results for second quarter ended September 30, 2022. The company has reported fall of 45.89% in its net profit at Rs 9.88 crore for Q2FY23 as compared to Rs 18.26 crore for the corresponding quarter previous year. However total income of the company increased by 19.31% to Rs 83.47 crore for the quarter under review as compared to Rs 69.96 crore for the same quarter in the previous year. On the consolidated basis, the company has reported around 5-fold jump in its net profit at Rs 5.65 crore for Q2FY23 as compared to Rs 1.17 crore for the same quarter in the previous year. Total income of the company increased by 38.95% to 1,237.30 crore for the quarter under review as compared to Rs 890.46 crore for the same quarter in the previous year.