Today's Sector News - 04.09.2019: 09.00 Am
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* AUTOMOBILE: Toyota Kirloskar Motor launched an upgraded version of its sedan, Yaris, starting at 865,000 rupees.
* AVIATION: GoAir will offer bookings on travel from Mumbai to Ahmedabad, Bengaluru, Bhubaneswar, Chandigarh, Chennai, Delhi, Goa, Jaipur, Jammu, Kolkata, Kannur, Lucknow, Nagpur, Patna, Port Blair, Ranchi, Cochin, starting at 1,320 rupees, for travel between Jan 14 and Jul 31.
* BANKING: A task force set up by the Reserve Bank of India has recommended a US style online system for sale of corporate loans in the secondary market.
* CORPORATE: The shipyard controlled by Anil Ambani is facing the prospect of bankruptcy after failing to get creditors' approval for restructuring 70 bln rupees of debt.
* SUGAR: The government has allowed export of 8,424 tn raw cane sugar, refined and speciality sugar and sugar-containing products to the US under tariff rate quota for 2019-20 (Oct-Sep).
* NON BANKING FINANCIAL COMPANIES: Infrastructure Leasing & Financial Services' subsidiaries have extended the deadline to submit bids for their office spaces in Gujarat International Finance Tec-City to Sep 24 due to low interest.
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