Today's Sector News – 25.03.2019
* AUTOMOBILES: Toyota Motor Corp and Suzuki Motor Corp have entered into a global collaboration plan to produce electric vehicles and compact cars.
* BANKING: The Reserve Bank of India has deferred implementation of Indian Accounting Standards, popularly known as Ind-AS, for banks till further notice.
* CORPORATE: JSW Group is entering the steel furniture business under the brand JSW Living, a venture that marks the induction of Tarini Jindal Handa into the group as the new entity's managing director.
* ECONOMY: The government's divestment proceeds touched 850 bln rupees for the current financial year ending March, topping the Budget target of 800 bln rupees.
* FAST-MOVING CONSUMER GOODS: Sales at organised retail stores in India registered a 22% on year rise at 414.16 bln rupees for the year ended August, as per a Nielsen India report.
* FINANCE: Tata Capital, the financial services arm of the diversified conglomerate, will be raising $100 mln in foreign borrowings through an arm by next week.
* BANKING: The Reserve Bank of India has deferred implementation of Indian Accounting Standards, popularly known as Ind-AS, for banks till further notice.
* CORPORATE: JSW Group is entering the steel furniture business under the brand JSW Living, a venture that marks the induction of Tarini Jindal Handa into the group as the new entity's managing director.
* ECONOMY: The government's divestment proceeds touched 850 bln rupees for the current financial year ending March, topping the Budget target of 800 bln rupees.
* FAST-MOVING CONSUMER GOODS: Sales at organised retail stores in India registered a 22% on year rise at 414.16 bln rupees for the year ended August, as per a Nielsen India report.
* FINANCE: Tata Capital, the financial services arm of the diversified conglomerate, will be raising $100 mln in foreign borrowings through an arm by next week.
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