Today's Sector View – 03.01.2019
* AUTOMOBILES: Suzuki Motorcycle India reported domestic sales of 43,874 units in December, up
nearly 34% on year.
* BANKING: Reserve Bank of India Governor Shaktikanta Das will hold meetings with
representatives from micro, small and medium enterprises and non-banking finance companies next
week.
* COAL: The coal ministry is in talks with the finance ministry on commercial sale of up to 25% of
the coal from captive mines in the open market without any premium, sources told.
* FINANCE: IL&FS Financial Services has defaulted on interest payments of 520 mln rupees and
21.9 mln rupees towards a term loan and external commercial borrowing, respectively, that was due
on Tuesday.
* RAILWAYS: Indian Railways is expected to generate revenues of 2 trln rupees in 2018-19 (Apr-
Mar), but additional expenditure on account of the implementation of Seventh Pay Commission
recommendations is expected to keep its operating ratio under strain, Railway Minister Piyush Goyal
said.
* STEEL: The committee of creditors to Essar Steel has filed an application at the National Company
Law Appellate Tribunal seeking the disposal of the insolvency case within the next three weeks.
* TAXATION: The direct tax-to-GDP ratio of 5.98% achieved during the 2017-18 fiscal is the best in
the last 10 years, the government said on Wednesday.
nearly 34% on year.
* BANKING: Reserve Bank of India Governor Shaktikanta Das will hold meetings with
representatives from micro, small and medium enterprises and non-banking finance companies next
week.
* COAL: The coal ministry is in talks with the finance ministry on commercial sale of up to 25% of
the coal from captive mines in the open market without any premium, sources told.
* FINANCE: IL&FS Financial Services has defaulted on interest payments of 520 mln rupees and
21.9 mln rupees towards a term loan and external commercial borrowing, respectively, that was due
on Tuesday.
* RAILWAYS: Indian Railways is expected to generate revenues of 2 trln rupees in 2018-19 (Apr-
Mar), but additional expenditure on account of the implementation of Seventh Pay Commission
recommendations is expected to keep its operating ratio under strain, Railway Minister Piyush Goyal
said.
* STEEL: The committee of creditors to Essar Steel has filed an application at the National Company
Law Appellate Tribunal seeking the disposal of the insolvency case within the next three weeks.
* TAXATION: The direct tax-to-GDP ratio of 5.98% achieved during the 2017-18 fiscal is the best in
the last 10 years, the government said on Wednesday.
Our Blog Information Learning purpose only
(Paper Trading Practice for Currency, Equity, Commodity Segment)
Register For Free Equity Tips Trial: http://rupeedesk.in/rupeedeskfree-calls
