MORNING NEWS HEADLINES 2nd Jan 2020
02/1/2020

MORNING NEWS HEADLINES 2nd Jan 2020

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MONEYCONTROL


• Tata Motors: December sales dropped 13.8 percent to 46,903 vehicles against 54,439 units during December 2018.


• Eicher Motors: VECV December sales dipped 19.1 percent to 5,042 units against 6,236 units during December 2018.


• JBM Auto: The merger of JBM Auto System and JBM MA Automotive with the company is effective on January 1.


• Dhanlaxmi Bank: CARE reaffirmed ratings of the unsecured, non-convertible, redeemable bonds issued by the bank.


• Muthoot Capital Services: Company completed a securitization transaction of Rs 145.37 crore on December 31.


BUSINESS STANDARD


• GST mop-up over Rs 1 trn in Dec, revenue from domestic transactions up 16%.


• FDI rises 15% during Apr-Sep to $26 bn; services attract most investments.


• Jet fuel price hiked by 2.6%, cost of non-subsidised LPG goes up by Rs 19.


• Maruti Suzuki records 2.4% y-o-y rise in car sales during December 2019.

 

• Current account deficit shrinks to 0.9% of GDP in July-Sept quarter: RBI


FINANCIAL EXPRESS


• Big cut on import duty on crude and refined palm oils; Industry says move to hurt domestic refiners.


•  IndiGo fleet size crosses 250 planes.


• Private equity, venture capital investments soar 18% to $44.2 billion, may see 15-20 pc growth in 2020.


• India will struggle to achieve 5 % GDP growth in 2020, says top American economist.


• New IPO: Park Hotels files draft papers for Rs 1,000 crore public issue.

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Tags:Equity News, General News

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