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The loan will be utilised to part finance the capital expenditure of NTPC.
NTPC signs term loan of Rs 5,000 cr with SBI
07 Dec 2019 3:16 PM

The loan facility has been extended at an interest rate linked to 3-month MCLR of the bank and has a door-to-door tenure of 15 years.

Kumar Mangalam Birla (Photo: File | PTI)
Vodafone Idea to shut down if no relief comes: Kumar Mangalam Birla
07 Dec 2019 2:28 AM

Vodafone Idea shares fell over 5 per cent on Friday, spooked by Birla’s comments. The stock slumped 5.34 per cent at Rs 6.92.

Automotive Component Manufacturers Association said the slowdown has also resulted in an investment loss of up to USD 2 billion dollars during the period.
Auto component industry turnover dips 10 per cent in Apr-Sep
06 Dec 2019 4:07 PM

This led to a job loss of around 1 lakh temporary workers till July this year, industry body ACMA said.

The company has decided to proactively recall the vehicles for inspection and those found ok will be released immediately.
Maruti recalls 63,493 units of Ciaz, Ertiga, XL6 to fix faulty part
06 Dec 2019 1:52 PM

Recall campaigns are undertaken globally to rectify faults that may be potential safety defects.

Aditya Birla Group chairman Kumar Mangalam Birla. (Photo: File | PTI)
Vodafone Idea will shut in absence of govt relief: Birla
06 Dec 2019 12:40 PM

We will have to shut shop, chairman Voda Idea Kumar Mangalam Birla said on a query about the course of action for the company.

The rating downgrade comes days before the board of the bank is slated to meet on December 10 to finalise the fund raising plans.
Yes Bank stock slumps over 5 pc on ratings downgrade
06 Dec 2019 11:05 AM

The lender's shares were trading at 58.75 apiece, down 5.39 per cent on the BSE.

But investing in Aramco is also a bet on the price of oil and growth in global demand for crude, which is expected to slow from 2025.
Saudi Aramco prices shares at top of range in world's biggest IPO
06 Dec 2019 10:44 AM

Around 4.9 million Saudi retail investors have bought shares in the oil giant.

SSAB is a highly-specialised global steel company that develops high-strength steels and provides services for better performance and sustainability.
SSAB is crafting a global niche in high strength steel market
06 Dec 2019 10:34 AM

SSAB’s steels and services help to make end products lighter, stronger and more sustainable.

The passenger car market is likely to remain fairly flat throughout 2020 and is expected to pick up from 2021.
Skoda sees flat market ahead
05 Dec 2019 6:48 AM

Skoda Auto India’s own sales dropped from 17000 units in 2018 to 15,000 units in 2019.

The view comes amid a deteriorating economic environment where growth has slipped to the slowest pace in six years and the financial system continues to recover from a prolonged period of loan losses and a crisis at shadow banks.
Top performer of 2019 ICICI Bank to rise more
05 Dec 2019 6:39 AM

Here’s a roundup of brokerage views on why they think ICICI shares are a buy.

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