Today's Sector News – 13.05.2019
* AUTOMOBILE: Gurugram-based electric two-wheeler manufacturer Okinawa Autotech will invest 2 bln rupees to set up a second manufacturing plant in Rajasthan.
-Ford Motor Co is likely to make an additional investment of as much as $1 bln in Indian operations
over five to seven years as it restructures or exits key businesses around the world.
-Honda will continue to offer diesel-run models in India even after BS-VI emission norms kick in.
* AVIATION: Air India on Friday said it will sell last-minutes tickets at a "hefty discount".
* FINANCE: Canada's leading pension fund Caisse de dpt et placement du Qubec has invested 10.4 bln rupees in ECL Finance, Edelweiss Group's non-banking financial arm, through compulsory convertible debentures and equity shares.
-India has begun work on a universal debt relief scheme for small borrowers aimed at micro
enterprises, small farmers and artisans, which should be ready for implementation when the next government is in place.
* REALTY: Noida and Greater Noida authorities on Friday told the SC that they don't have the requisite resources and expertise to construct the stalled projects of the embattled Amrapali Group and favoured handing over the properties to a reputed builder under the supervision of a high-powered committee.
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-Ford Motor Co is likely to make an additional investment of as much as $1 bln in Indian operations
over five to seven years as it restructures or exits key businesses around the world.
-Honda will continue to offer diesel-run models in India even after BS-VI emission norms kick in.
* AVIATION: Air India on Friday said it will sell last-minutes tickets at a "hefty discount".
* FINANCE: Canada's leading pension fund Caisse de dpt et placement du Qubec has invested 10.4 bln rupees in ECL Finance, Edelweiss Group's non-banking financial arm, through compulsory convertible debentures and equity shares.
-India has begun work on a universal debt relief scheme for small borrowers aimed at micro
enterprises, small farmers and artisans, which should be ready for implementation when the next government is in place.
* REALTY: Noida and Greater Noida authorities on Friday told the SC that they don't have the requisite resources and expertise to construct the stalled projects of the embattled Amrapali Group and favoured handing over the properties to a reputed builder under the supervision of a high-powered committee.
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