In Brief

Kia Motors rolls out Sonet, priced Rs 6.71 lakh onwards

New Delhi

Kia Motors on Friday launched its compact SUV Sonet in India, priced between Rs 6.71 lakh and Rs 11.99 lakh. It will compete with the likes of Hyundai Venue, Maruti Suzuki Vitara Brezza, Tata Motors Nexon, Honda WR-V and Ford Ecosport, among others. PTI

Mumbai

India Ratings cuts banking sector outlook to negative

Domestic rating agency India Ratings and Research on Friday revised its outlook on the country’s banking sector to negative for the second half of this fiscal from stable due to the likely increase in stressed assets, credit costs and weak earnings. PTI

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