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Companies from coronavirus-hit China take up 20% of space in India’s biggest auto parts event

Chinese companies make up more than 20 percent of the total number of confirmed participants for the Components Expo. It was not immediately known if any of these companies are based in Wuhan, the Chinese city that was declared as the epicenter of the coronavirus. from Moneycontrol Business News https://www.moneycontrol.com/news/business/companiescoronavirus-hit-china-take20spaceindia’s-biggest-auto-parts-event_13428501.html

Budget 2020: External investors keen to see roadmap for $5-trn GDP, says top UK official

What overseas investors would like to see in the budget is a narrative which explains or articulates the target, said Richard Heald, Group CEO, UK India Business Council from Moneycontrol Business News https://ift.tt/2Oex7Ae

Crude oil futures down 1.39% on rise in US inventory, coronavirus economic impact

In the futures market, crude oil touched an intraday high of Rs 3,799 and an intraday low of Rs 3,751 per barrel on MCX. For the February series, the crude touched a low of Rs 3,735 and a high of Rs 4,663. from Moneycontrol Business News https://ift.tt/2t8V6t6

Kotak Mahindra Bank gets RBI nod to cap promoters’ voting rights at 20% till March

The bank says promoters#39; voting rights will be capped to 15 percent from April 1 and their shareholding cut to 26 percent within six months of the final nod from RBI. from Moneycontrol Business News https://www.moneycontrol.com/news/business/kotak-mahindra-bank-gets-rbi-nod-to-cap-promoters’-voting-rights-at-20-till-march_13428221.html

Rahul Bajaj to step down from executive role, to stay as non-executive Chairman of Bajaj Auto

Bajaj, who has been a director of the company since April 1, 1970, was last reappointed by the board for a five-year term with effect from April 1, 2015, and his term as executive chairman is expiring on March 31, 2020, the company said in a regulatory filing. from Moneycontrol Business News https://ift.tt/37EWMcZ

KTM introduces BSVI compliant bike range in India

The company, in which Bajaj Auto is a significant stakeholder, said the price increase in the BSVI range compared to the BSIV bikes will be between Rs 3,328 and Rs 10,496 depending on the model. from Moneycontrol Business News https://ift.tt/37FucrW

Hyundai Motor rolls out three millionth car from Tamil Nadu plant

The three millionth car was the company#39;s latest sedan Hyundai Aura which has been rechristened #39;Grand i10#39; for the Colombian market, rolled out from the assembly line at the state-of-the-art manufacturing facility in nearby Sriperumbudur. from Moneycontrol Business News https://ift.tt/2uGWqnw