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Fitch lowers India growth forecast to 7.2% for current fiscal; rupee to weaken to 75 vs dollar by end of 2019
•It said GDP growth “softened quite substantially” in July-September quarter of current fiscal growing by 7.1 percent, as against 8.2 percent in April-June.
BofA upgrades Tata Motors on strong JLR sales
Fp Archives •Bank of America-Merrill Lynch upgraded Tata Motors to 'buy' from 'neutral' and raises its target price to Rs 360 from Rs 285.
Maruti Suzuki falls 2% on muted sales outlook
Fp Archives •Maruti Suzuki shares fell 1.5 percent on concerns about the domestic passenger car sales outlook.
China HSBC PMI in Dec up, highest since May 2011
Fp Archives •The pace of activity in China's vast manufacturing sector hit its fastest rate in December since May 2011, a survey of private factory managers showed, with a sub-index for new orders pointing to continued strength in the new year.
Essar offers rare diesel cargo for export
Fp Archives •Privately owned Essar Oil has offered a rare diesel cargo for export, its first in nearly two years, as domestic demand slows due to monsoon rains, industry sources said on Wednesday.