For IndusInd Bank keep a stop at 330 and go long
The company said some limited activities will continue on the Nitra site
The outbreak has already disrupted supply chains as well as production and would lead to job losses, warn analysts
Motherson Sumi, Apollo Tyres and Tata Motors to be among the worst affected because of high exposure
The largest investment was made in Tata Steel, with Tata Sons buying shares worth Rs 222 crore at an average price of Rs 287 per share
The fears were exacerbated by the steady rise in COVID-19 cases across Europe, one of JLR's biggest markets
Among sectoral indices on the NSE, PSU banks, realty, metal and auto stocks witnessed declines while media stocks rallied
Domestic operations also hit by BS-VI transition impacting CV volumes
The company said the reduction in China sales owing to the outbreak of coronavirus, is expected to reduce Jaguar Land Rover's full-year EBIT margin by about 1%
Test drives done on different dates showed that the car's mileage was not as promised
Automobile major Maruti Suzuki India reported a 1.1% YoY fall in its total sales in February at 1,47,110 units
Industry representatives have said the situation is unlikely to improve soon as India's economic activity is yet to pick up due to less business activity and consumer spending
Tata Motors, Mahindra and Mahindra (M&M) and MG Motor India on Sunday said they are facing challenges in terms of component supply from coronavirus hit-China. M&M has reported a 42 per cent decline in total sales at 32,476 units in February. "...because of the unforeseeable challenges on the parts-supply from China, our BS VI ramp-up has been affected," Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, M&M Ltd said in a statement. This has resulted in high de-growth in billing volume for February and dealer inventory is now under 10 days, he said. "Going into March, we anticipate the challenge on parts-supply to continue for another few weeks, before we get back to normalcy," he added. Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors Ltd said the outbreak of Covid-19 in China and a recent fire incident at one of its strategic vendors affected the vehicle production and wholesale volumes. MG Motor India too reported lower retail ...
Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors Ltd said that commercial vehicle domestic sales in February was 35 per cent lower than last year
Tata Motors, however, told Reuters it had made submissions to the CCI and would provide full support to the watchdog.
Competition Commission of India (CCI) is reviewing the allegations
While some importers might have to absorb costs to protect their market share, other indigenous manufacturers should benefit
From global recession over COVID-19 to Panagariya's comments on slowdown, here are the top stories for the day
The fund raising will be 'in two tranches of Rs 250 crore each, on private placement basis'
In the three years under Chandra, the group's overall m-cap has soared 39.6% to Rs 12 trillion