India's Motherson Sumi buys Finland's PKC Group for $619 million
Indian auto parts maker Motherson Sumi Systems Ltd (MSSL) said on Monday it had completed the buyout of Finland's PKC Group for 571 million euros ($619.4 million).
Reuters Market Eye - Morgan Stanley maintains its 'overweight' rating on Tata Motors and is optimistic of a strong rebound in sales in the January-March quarter, after visiting Solihull and Castel Bromwich facilities of luxury unit Jaguar Land Rover (JLR).
The investment bank says the recent weakness in numbers is due to the slow ramp-up of launches rather than a "demand issue".
Most of the upgrades are slated for shipment in December, thus numbers thereon should see a strong sequential pickup, the note added.
JLR's global sales growth, a key issue for investors in Tata Motors, has slowed in recent months and sales fell in September for the first time in 14 months.
At 2:24 p.m., Tata Motors shares were up around 2.4 percent at 277.90 rupees.
TOKYO Bank of Japan board members said easy monetary policy will be in place for some time because consumer price growth is still distant from the central bank's 2 percent inflation target, a summary of opinions from their March 15-16 meeting showed on Monday.
Wall Street main indexes hit their lowest levels in six weeks on Monday after Republican's pulled a healthcare bill, raising questions about President Donald Trump's ability to deliver on his ambitious economic agenda.