Daily Sector News Today – 22.11.2017
* AUTOMOBILE: Fitch Ratings expects the operating profit of Indian automakers and equipment
manufacturers to improve in 2018 on account of healthy growth in demand across all categories.
* BANKING: National Housing Bank is working with some state governments to develop land parks, where developers can build affordable houses.
* FAST MOVING CONSUMER GOODS: In a move to disrupt the existing online and offline retail business models, Future Group plans to open 10,000 members-only Easyday stores by 2021-22 (Apr-Mar). Companies such as ITC, DABUR, HINDUSTAN UNILEVER, and MARICO have said they have cut prices of various products to pass on the benefits of Goods and Services Tax rate to end-consumers.
* POWER: In a relief for power generating companies, the Central Electricity Authority has advised allowing companies to raise tariff to recover the rise in cost of coal following a change in measurement of gross calorific value of the fuel.
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manufacturers to improve in 2018 on account of healthy growth in demand across all categories.
* BANKING: National Housing Bank is working with some state governments to develop land parks, where developers can build affordable houses.
* FAST MOVING CONSUMER GOODS: In a move to disrupt the existing online and offline retail business models, Future Group plans to open 10,000 members-only Easyday stores by 2021-22 (Apr-Mar). Companies such as ITC, DABUR, HINDUSTAN UNILEVER, and MARICO have said they have cut prices of various products to pass on the benefits of Goods and Services Tax rate to end-consumers.
* POWER: In a relief for power generating companies, the Central Electricity Authority has advised allowing companies to raise tariff to recover the rise in cost of coal following a change in measurement of gross calorific value of the fuel.
