Tuesday, February 4, 2020

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Business Update – Feb.

Ukraine's state budget fails to garner 25% of planned revenue last month. State revenue in January reached just Hr 42.6 billion, which is Hr 13.6 billion less than planned, according to the Ministry of Finance . It blames the underperformance on "essential changes of macroeconomic indicators compared to the government forecast approved in October 2019." One of those changes is a stronger Ukrainian hryvnia vis-a-vis the U.S.

Taskombank to issue bonds worth Hr 200 million ($8 million). Taskombank, a commercial bank belonging to former politician Sergiy Tihipko, is offering its bonds in two Hr 100 million issues this month, multiple Ukrainian media reported . The bonds will circulate for 10 years and bear 16.5% per annum within the first year of circulation. The bank's executive, Artem Karelin, confirmed the forthcoming issue to the Kyiv Post and said that the bank will offer bonds to the public next week.

Publisher: KyivPost
Date: 2020-02-03T17:00:17 00:00
Twitter: @KyivPost
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Companies see Budget 2020 farm, infra push helping commercial vehicle sales | Business Standard

T E Narasimhan   |  Chennai   Last Updated at February 4, 2020 14:04 IST

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The Union Budget will perk up commercial vehicle (CV) sales held up by a slowing economy and transporters saddled with surplus capacity, said industry representatives as companies reported their latest figures.

Ashok Leyland’s M&HCV domestic sales dropped by 49 per cent in January 2020, from to 6,949 from 13,663 units a year ago. M&HCV trucks sales dropped by 60 per cent, but sales of bus rose by 30 per cent in January. M&HCV trucks in the domestic market stood at 4,837 units as compared to 12,042 units, a drop of 60 per cent. Bus sales rose to 2,112 units from 1,621 units. Light commercial vehicles sales dropped by 20 per cent to 3,901 units from 4,870 units.

Author: T E Narasimhan
Twitter: @bsindia
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Lamont touts federal funding for child care ahead of his budget address | Hartford Business

Even with the Care4Kids subsidy, Soba is still barely able to afford rent, health care and food. A single mom who works full-time as an administrative assistance at a manufacturing company, Soba is approaching the income cutoff to qualify for government help with day care.

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"That to me, that's a struggle," she said. "You are basically telling people, 'You can't get better. You can't do better. You can't show your kids to do better, because you want to earn those benefits.'"

Publisher: Hartford Business Journal
Twitter: @HartfordBiz
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While you're here, how about this:

Union Budget 2020: Mutual funds income will now be subject to 10 per cent TDS - The Hindu

Samsung Galaxy A51 has many specs in common with other phones, but Samsung has also brought in features that ...

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Simulators give pilots a feel of the action and train them to fly aircraft in normal and challenging ...

The purpose of insurance is to mitigate risks that individuals and companies face. This objective has never ...

The stock of Castrol India jumped 5.6 per cent on Monday, breaking above a key resistance at ₹140 with good ...

Publisher: @businessline
Date: 2020-02-04T12:54:42 05:30
Author: Hemani Sheth
Twitter: @businessline
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IIM, ISB students say budget 2020 fails economy, climate change — Quartz India

The Narendra Modi government's budget for financial year 2021 was critical, given the slowdown in the Indian economy.

In her speech to parliament on Feb. 1 , finance minister Nirmala Sitharaman offered income tax doles, increased spending on infrastructure, and proposed a 16-point action plan for the rural sector.

The measures, however, failed to cheer the country's youth, who face an acute unemployment crisis, which could only worsen if the economy does not pick up soon.

Publisher: Quartz India
Author: Ananya Bhattacharya
Twitter: @qzindia
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Iron ore mine wins, Budget 2020 positive for JSW Steel; stock gains 2.9% | Business Standard News

JSW Steel remains in the news, now for good reasons, with the company winning two iron ore mines in Odisha. Besides, the Street’s expects that the government’s continued focus on infrastructure will bode well for steelmakers.

JSW Steel’s stock, thus, gained 2.9 per cent on Monday after having corrected about 11 per cent since mid-January 2020. And, there could be more gains. The company’s efforts on securing basic raw materials, such as iron ore for steel-making through fresh bidding of mines in states like Odisha, are a positive, and yielding ...

Author: Ujjval Jauhari
Twitter: @bsindia
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Escorts stock gains on tractor sales uptick, Budget 2020 proposals | Business Standard News

After a strong showing in the December quarter of FY20, Escorts has reported steady sales volume in January, which should keep its stock prices high. The stock gained about 9 per cent on Monday on the back of recent tractor sales and Budget proposals to boost rural infrastructure and income.

The proposals in the Budget are expected to boost irrigation infrastructure, higher allocation to farm credit and farm realisations. On the demand front, the company expects a recovery in tractor sales in the domestic market. Tractor industry volumes, which were down 6 per cent year on year ...

Author: Ram Prasad Sahu
Twitter: @bsindia
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