Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

Chola inks strategic alliance with JCB

Posted On: 2017-12-14 03:38:06 (Time Zone: IST)


Cholamandalam Investment and Finance Company Limited (Chola), the financial services arm of the Murugappa Group, has announced a strategic partnership with JCB India Ltd, a leading manufacturer of earthmoving and construction equipment in the country.

As part of the agreement, Chola will commence financing of JCB's entire range of construction equipment and machinery and will customize its products and offerings to suit the needs of JCB's customers.

Speaking on the occasion, Mr. N. Srinivasan, Executive Vice Chairman & Managing Director, Cholamandalam Investment and Finance Company Limited said, "We are happy to be partnering with JCB. India is today witnessing massive development wherein the infrastructure sector is a key driver for the Indian economy. JCB is a world leader and has state of the art products on offer to the Indian customers. This alliance is also in line with our continuous endeavour in enabling our customers to ‘Enter a Better Life'."

Confirming the development, Mr. Vipin Sondhi, Managing Director & CEO, JCB India Ltd. said, "We look forward to a long standing alliance and are keen to work together with Chola in addition to our other Finance partners. Through this strategic partnership, our customers will be able to "Expect More" and we will aim to give them the best product and finance experience in the industry. JCB India is a Full Range Infrastructure Equipment partner and together we will explore opportunities of growth in the construction equipment sector in the country.

JCB India is fully committed to back its wide range of products with a solutions-based approach to enhance productivity for its customers. Over 2,50,000 JCB machines have been built and sold in India till date and are helping build the country's infrastructure. JCB India has also pioneered in integrating Internet of Things (IoT) and Digital technology in its machines through their advanced Telematics technology called "Livelink".

For the past 25 years, the vehicle finance business at Chola has created value for its customers by supporting them in becoming entrepreneurs in the field of commercial transportation. Chola has financed over 800,000 customers, and increasing by over 15,000 new customers every month. Chola enjoys a valued and stable relationship with manufacturers and dealers, and is one of the leaders in the commercial vehicle financing segment.

Shares of Cholamandalam Investment and Finance Company Ltd was last trading in BSE at Rs.1294.1 as compared to the previous close of Rs. 1275.7. The total number of shares traded during the day was 10576 in over 626 trades.

The stock hit an intraday high of Rs. 1300 and intraday low of 1262.75. The net turnover during the day was Rs. 13604143.


Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Dhani raises Rs 1,200 crores of Equity by selling a 9% stake

Snowman Logistics reports positive growth in Q2

Parsvnath Developers Ltd to get 7.90 acres land as arbitral award

Tata Tele Business Services launches 'Smart Internet' for Businesses

Relic Technologies Ltd Q2FY22 consolidated net profit at Rs. 22.29 lakhs

Thomas Cook India's Foreign Exchange Opens a new office in Margao, Goa

NBCC India Ltd secures multiple orders

B L Kashyap and Sons Limited awarded new project worth 62.15 Crores

IndusInd Bank launches EMI on debit cards to commemorate the festive season

Honeywell wins Bengaluru Safe City Project

Arfin India Ltd posts surge in Q2FY22 net profit to Rs. 2.36 crore

Ganesha Ecosphere and Applied DNA to Deploy CertainT® Platform to Secure Recycled Polyester Supply Chain

Key Operating highlights of Mastek Ltd for Q2FY22

Imagicaaworld Entertainment Ltd appoints additional director

OnMobile Global announces new Leadership Structure

Mastek Ltd reports rise in Q2FY22 consolidated PAT to Rs. 72.29 crore

Tata Steel Limited and Tata Steel Europe win key recognitions at the 12th Annual Steelie Awards

Federal Bank invites candidates to join internship program

Kotak Mahindra Bank and Mumbai Police Cyber Crime Join Hands to Spread Awareness on #SafeBanking Habits

IndiGo cautions candidates to beware of fake job offers

HFCL Limited forms two overseas subsidiaries

Sparc Systems Limited board approves name change

Jagsonpal Pharmaceuticals Ltd Board declares Interim Dividend of Rs. 4

Navin Fluorine International Limited declares interim dividend of Rs. 5 for FY22

Healthcare Triangle Partners with Google Cloud to Accelerate Cloud Transformation for Healthcare and Life Sciences Organizations

HCL Technologies and Innovaccer Partner to accelerate Digital Health Transformation

Deepak Fertilisers and Petrochemicals Corporation Limited opens QIP

Sparc Systems Limited board approves rights issue

L&T Technology Services Ltd Board declares Special Dividend of Rs. 10

CAMS launches account aggregator platform

Rallis India Limited - Q2FY22 Highlights

Sangam India Limited raises Rs. 103 crores from the Promoters and Madhuri Madhusudan Kela

Birla Precision Technologies Ltd announces resignation of Mr. Aditya

Tata Steel BSL Ltd Q2FY22 consolidated net profit at Rs. 1837.03 crores

Shish Industries Ltd Q2FY22 consolidated net profit at Rs. 48.94 lakhs

JSW Ispat Special Products Ltd Q2FY22 consolidated loss at Rs. 36.88 crore

5Paisa Capital Ltd Q2FY22 consolidated PAT at Rs. 1.39 crore

ICICI Prudential Life Insurance Company Ltd Q2FY22 consolidated PAT at Rs. 445.62 crore

NELCO Ltd Q2FY22 consolidated PAT at Rs. 3.40 crore

L&T Technology Services Ltd Q2FY22 consolidated PAT at Rs. 230 crores

Jagsonpal Pharmaceuticals Ltd Q2FY22 PAT at Rs. 7.30 crore

Navin Fluorine International Limited appoints Ms. Apurva Purohit as additional director

Sonata Software - Consolidated Q2 FY21-22 PAT at Rs. 91.2 Crores

Navin Fluorine International Limited announces resignation of CFO

Nestle India Ltd Board approves second interim dividend of Rs. 110

ICICI Securities Ltd board declares interim dividend of Rs. 11.25

Indag Rubber Ltd had updates on sale of stake in JV

HDFC Asset Management Company Ltd announces resignation of CFO

Astral Ltd to enter into Faucets & Sanitaryware business

ACC Ltd reports consolidated PAT of Rs. 450.19 crore in Q3CY21


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020