Ashok Leyland to hike vehicle prices by 2%

New Delhi

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Commercial vehicle maker Ashok Leyland on Tuesday said it will increase prices of its entire product portfolio by a minimum of 2% from next month to partially offset the impact of rising input costs. “This increase in price is owing to rising input costs and implementation of AIS 140 regulation. The proposed price increase will be effective April 1,” it added. PTI

New Delhi

RIL arm sells assets in Eagle Ford shale

Reliance Industries Ltd (RIL) on Tuesday said its subsidiary Reliance Eagleford Upstream Holding LP will sell certain assets in Eagle Ford shale to Sundance Energy Inc for a consideration of over Rs 650 crore. Reliance Eagleford Upstream Holding LP is a subsidiary of both Reliance Holding USA, Inc and Reliance Industries Ltd. PTI

New Delhi

L&T wins Rs 747-crore contract from NPCIL

Larsen & Toubro (L&T) on Tuesday said it has won a Rs 747-crore order from Nuclear Power Corporation of India Ltd (NPCIL) to supply steam generators. These steam generators and end shields will be manufactured at L&T’s Hazira manufacturing complex in Gujarat, which is one of the largest of its kind in South Asia, it said. PTI

New Delhi

Wipro unveils technology centre in Texas

IT firm Wipro on Tuesday said it has set up a technology centre in Plano, Texas, and plans to ramp up its headcount in the American state to 2,000 people over the next few years. The centre is focused on developing niche capabilities in new and emerging technologies for Wipro’s clients. PTI

New Delhi

HAL shares to debut on bourses today

Hindustan Aeronautics, which recently concluded its initial public offer, will make its stock market debut on Wednesday. Shares of the company will list on the BSE and the NSE, the firm said. PTI