Here are the stocks that are in news today
HDFC to keep in mind issuance of NCDs worth Rs 45,000 crore on January 29
Dena Bank-Bank Of Baroda-Vijaya Bank merger –
Dena Bank shareholders to get one hundred ten Bank Of Baroda shares for 1000 held
Vijaya Bank shareholders to get 402 Bank Of Baroda stocks for 1,000 held
Equitas Holding – Equitas Small Finance Bank hikes hobby fees up to 7.5% on savings
BEST to extend 677 MW Power Purchase Agreement with Tata Power for the next five years
RBL Bank appoints Pankaj Sharma as Chief Operations Officer
Motherson Sumi – ICRA reaffirmed time period mortgage rating to ICRA AA+, while outlook revised from superb to solid
Reliance Industries: Jio brought 1.05 crore Subscribers Vs 1.Three crores (MoM)
Vodafone Idea: The organization misplaced seventy-three.6 Lakh Subscribers Vs Loss Of 66.8 Lakh (MoM)
Bank of India
Board accepted to growth in authorized capital from Rs 3000 crore to Rs 6000 crore
Capital raising plan for an issue of Equity Shares and Tier-I and Tier-II Capital Bonds to be raised at suitable instances in destiny
Bharti Airtel: Lost 18.6 Lakh Subscribers Vs Loss Of 23.6 Lakh (MoM)
Syndicate Bank: To mull raising Rs 500 crore through proportion trouble to a group of workers
Syndicate Bank & SBI Life Insurance signed a bancassurance %
JSPL appoints Sudhanshu Saraf as metal enterprise CEO
Bank of Baroda to elevate as much as Rs 1,285 cr via Basel III bonds
Ashok Leyland will increase stake in Ashley Aviation
Vikram Solar baggage one hundred forty MW sun undertaking from NTPC
Disclaimer: Reliance Industries Ltd. Is the only beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.
The meantime price range will be presented on February 1 and there may be already a clamor from the automobile enterprise. Demanding a reduce in GST on the returned of a negative shopping for a season over the past 3 months, groups are looking to the Finance Minister for a few alleviations. There is more to this improvement in the replica under, however here is the listing of all the predominant car trends of the week:
BMW motorcycle twins outsell TVs motorbike
Despite sharing the equal platform and having a much heavier rate tag, two premium bikes with the aid of BMW Motorrad have outsold their sister TVS motorbike.
The German heavyweight stated it sold 1,640 gadgets of the G 310 R and G 310 GS when you consider that their launch in July (deliveries commenced in August). TVS Motor Company is thought to have offered much less than 1,500 devices of the Apache RR 310 at some point of August-December duration.
Revised axle load norms snuff out increase from CV
The new axle load norms accepted by using the government inside the middle of last 12 months has proved to be one of the main motives at the back of the terrible overall performance of commercial motors all through the past few months.
Sales of medium and heavy commercial cars (MHCV), especially in the shipment segment, saw a 22 percent fall for India’s top 4 truck and bus producers: Tata Motors, Ashok Leyland, VE Commercial Vehicles (VECV) and Mahindra & Mahindra (M&M).
Bike, scooter demand skid in December
Demand for brand spanking new bikes and scooters slowed down extensively in December as three of the pinnacle 5 agencies published flat to negative boom in income.
The 4 manufacturers that introduced their December sales numbers — Hero Motocorp, TVS Motor Company, Bajaj Auto and Royal Enfield — clocked best two percentage growth at 8.77 lakh as in opposition to 8.Fifty-nine lakh offered inside the equal month a 12 months earlier. These agencies control nearly 70 percent of the home -wheeler market.
New car call for also skids in December
India’s 4 largest automobile makers — Maruti Suzuki, Hyundai, Mahindra & Mahindra, and Tata Motors — posted percentage growth in sales for the duration of December as sellers struggled to convert inquiries into showed bookings. The four corporations manipulate over eighty percent of the home care market.
Tight liquidity, extended lending costs, bad consumer sentiment and absence of new version launches impacted sales in the course of December. This is notwithstanding a regular decline in fuel prices and unusually excessive discounts provided by way of all automakers and their dealers to get rid of inventory before getting into 2019
Toyota wants to sell India-made Suzuki cars to the sector
World’s biggest automobile maker Toyota Motor Corporation is learning the hints of the exchange from one of the minnows and the learning is based totally majorly at the quickest developing automobile marketplace within the world – India.
Toyota, which has collaborated with Suzuki for selling vehicles in India, intends to take the culmination of the partnership beyond Indian seashores, into Africa and other similar markets.
Hero Motocorp demands reduction in GST on bikes
U. S .’s biggest two-wheeler maker, Hero Motocorp, referred to as for discount in Goods and Services Tax (GST) on motorcycles and scooters to 18 percentage from the cutting-edge fee of 28 percentage.
The agency, which ended final yr with report income of over eighty lakh gadgets, stated the reduction in tax would provide tons-wished comfort to two-wheeler clients throughout the USA.
In a press launch, enterprise chairman Pawan Munjal even went to the extent of calling the two-wheeler “a lifeline for the cost-touchy consumer”. The release also highlighted the 4 percentage drop in Hero Motocorp sales all through December, the largest drop among all (except Honda who is yet to announce its numbers) two-wheeler producers.
A full-size cut in GST is a have to for the value-touchy consumer if the organization wants to avoid a whole meltdown of that marketplace. These customers make up a majority of the shopping for the elegance of Hero Motocorp products.
Hero’s top-selling products which include Dawn and Splendor (both 100cc) are advertised to the economically weaker states of the united states such as Rajasthan, Bihar, Uttar Pradesh, Madhya Pradesh, and Orissa. Rural customers form nearly half of-Mofro’s sales bouquet.
The car industry will brace for multiple upward revision in price over the next 15 months. These might be because of the brand new safety norms from April 1 this yr and the brand new emission fashionable norms from April 1, 2020. An aggregate of those will in all likelihood result in a boom of at least Rs 8,000 (almost 20 percent soar) in charges of finances (100cc) -wheelers.
The finances motorcycle segment is shrinking and, with that, the marketplace proportion of Hero Motocorp too. One a part of the marketplace is transferring in the direction of the premium motorcycle section (150cc and above), while the alternative is moving in the direction of scooters. Hero Motocorp is weak in each segment regardless of several years of efforts to restore fortunes.
Therefore, Munjal’s plea for a GST cut has not resonated properly with Hero’s friends.
Bajaj Auto is the chief in the top class bike section wherein an added fee rate gained’t pressure customers away. Similarly, Honda has been the unchallenged leader of the scooter section. It believes that there is a long manner to move earlier than India reaches saturation in scooter call for, thereby assuring a steady waft of latest call for.