Niche bike maker Royal Enfield on Thursday reported 13 per cent decline in total sales at 50,416 units in December.

The company had registered total sales of 58,278 units in the same month a year ago, Royal Enfield said in a statement.

Domestic sales in December were at 48,489 units as against 56,026 units in the year-ago month, down 13 per cent, it added.

Shares of Apollo Hospitals Enterprise jumped 5.2 per cent to Rs 1,501.5 per share on the BSE on Thursday after the company said Insurance Regulatory and Development Authority of India (IRDAl) has approved HDFC's bid to acquire 51.2 per cent stake in Apollo Munich Health Insurance Company (AMHI). Competition Commission of India (CCI), and Reserve Bank of India (RBI) have already approved the deal.

Bajaj Auto on Thursday reported a 3 per cent decline in total sales at 3,36,055 units in December 2019.

The firm had sold a total of 3,46,199 units in December 2018, Bajaj Auto said in a statement.

Total domestic sales were down 15 per cent at 1,53,163 units as compared to 1,80,351 units in the year-ago month, it added.

Tata Sons on Thursday moved the Supreme Court challenging the December 18 decision of the NCLAT restoring Cyrus Mistry as the executive chairman of the group.

The Tata Group sought stay of the verdict by which the National Company Law Appellate Tribunal (NCLAT) ruled as "illegal" the appointment of N Chandrasekaran as head of the holding company of over $110 billion salt-to-software conglomerate.

Maruti Suzuki India ended 2019 with a drop of 12.3 per cent in its annual sales. The fall, the steepest in almost a decade, came on the back of poor economic growth and a slowdown in overall consumption. India’s economy grew at an anaemic 4.5 per cent in the September quarter, the lowest in five years.

Entering 2020, Maruti is optimistic, even as it remains cautious of the disruptions expected in the next couple of months, ahead of the implementation of BS-VI and high cost of ownership, said a top executive of the company.

State-owned Oil and Natural Gas Corp (ONGC) has begun an exercise to shed excess cost at the Mumbai offshore oil and gas fields of Panna-Mukta, whose control it regained after two and half decades and has already saved Rs 1 crore in the shipping cost.

ONGC has changed the contract for bringing oil produced from the fields lying in the Arabian Sea to land, resulting in saving of about $5,000 per day, sources with direct knowledge of the development said.

Nationalist Congress Party (NCP) supremo Sharad Pawar has extended support of West Bengal Chief Minister Mamata Banerjee against the Citizenship Amendment Act (CAA) and the National Register of Citizens (NRC) that was recently enacted by the Centre. Banerjee had asked opposition parties and non-BJP chief ministers to unite against CAA and NRC.

Indian cricketer Virat Kohli has finished 2019 as the number one batsman in International Cricket Council (ICC) Test rankings for batsmen.

This is also the second consecutive year that Virat has managed to achieve this feat.

Kohli finished the year on 928 rating points with Australia's marksman Steve Smith finishing 17 points behind him in second place.

Shares of Aavas Financiers gained 3 per cent on the BSE on Tuesday to hit a new high of Rs 1,976, in an otherwise subdued market, on the expectation of good earnings growth going forward. The S&P BSE Sensex was down 0.38 per cent at 41,399 points at 10:29 am.

The stock has been the second-highest value creator among the S&P BSE500 stocks, zooming 132 per cent in calendar year 2019. In comparison, the benchmark S&P BSE Sensex was up 15 per cent during the year.

Finance Minister Nirmala Sitharaman on Tuesday unveiled Rs 102 trillion of infrastructure projects that will be implemented in the next five years as part of the government's spending push in the infrastructure sector.

Addressing a press conference, she said Prime Minister Narendra Modi had in his Independence Day speech spoken of investing Rs 100 trillion in infrastructure.

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