OPEC and allies led by Russia on Thursday agreed one of the deepest output cuts this decade to prevent oversupply in a deal that will apply for an unexpectedly short period of the first three months of 2020. On Friday, OPEC will meet with Russia and other producers, a group known as OPEC+.
S&P Global on Thursday kept the company's rating on watch negative, saying that Rs 34,300 crore AGR setback will decisively weaken the telecom company’s leverage.
As per reports,
JLR November UK sales fell to 8,199 units against 9,055 units YoY.
VST Tiller Tractors:
Power Tillers Sales down 41% yoy to 1,238 units. Tractor Sales down 10% yoy to 568 units.
LIC Housing Finance will raise Rs 550 crore via debt, according to Bloomberg report.
Mahindra & Mahindra announced that the company has acquired 36.63 per cent of the Equity Share Capital of Meru Travel Solutions (Meru) in the first tranche of investment, and also the Right to appoint majority of the Directors on the Board of Meru.
Bank of Baroda to raise up to Rs 1,850 crore through AT 1 bonds issue.