Today's Sector News - 02.01.2020: 09.00 Am
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* AUTOMOBILE: Honda Cars India's total domestic sales fell 36% on year to 8,412 units in December. The sales during the month were up 30% from November. Hero Electric has put on hold investment of up to 7 bln rupees by a year with the sector taking a nosedive as FAME II--the scheme aimed to promote electric vehicles--has failed to deliver.
* BANKING: To help visually impaired persons identify denomination of Indian currency notes, Reserve Bank of India Governor Shaktikanta Das has launched a mobile application, MANI or 'Mobile Aided Note Identifier".
* FINANCE: Aditya Birla Finance's board has approved merger of the transaction business of subsidiary Aditya Birla MyUniverse with itself.
* REGULATORY: G. Babita Rayudu took charge as executive director of Securities and Exchange Board of India.
* TELECOMMUNICATION: The Telecom Regulatory Authority of India has amended regulations related to broadcasting and cable services. The regulator has made changes in broadcast tariff order, interconnection regulations, and quality of service norms.
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