Daily Sector News Today – 15.01.2018
* AGRICULTURE: Finance Minister Arun Jaitley said the agriculture sector was the top priority for the government.
* AUTOMOBILE: Energy Efficiency Services has decided to start receiving electric cars only after charging stations are in place.
* AVIATION: The government is exploring options of absorbing Air India employees in public sector
enterprises and voluntary retirement package as it moves ahead with the airline's disinvestment.
- AirAsia India has cautioned job-seekers against "certain recruitment agencies" attempting to mislead people by fictitiously posing as employees of the budget carrier.
* BANKING: The Reserve Bank of India issued draft guidelines on hedging commodity price risks and freight risks in overseas markets.
* CEMENT: JSW Cement will put in a bid for Binani Cement today, the last date for closing of bids at the National Company Law Tribunal.
* COMMODITIES: Finance Minster Arun Jaitley has launched options contracts of guar seed on the National Commodity and Derivatives Exchange, marking the debut of options in farm goods.
* ECONOMY: Sectors like textiles and garments, agriculture, transport, housing and skill development will get a higher allocation in the Budget for 2018-19, and funds to promote exports will be enhanced.
* INFRASTRUCTURE: The Mumbai Metropolitan Region Development Authority has approved an extension of 2.7 km to the 32-km Metro-4A line from Wadala to Kasarvadavali.
- Brookfield Asset Management and an investment firm backed by Abu Dhabi Investment Authority have emerged the final bidders seeking to run access controlled Indian motorway projects worth about 63 bln rupees.
* OIL AND GAS: India needs investment to the tune of $300 bln in the next 10 years to double its oil refining capacity, Union Petroleum Minister Dharmendra Pradhan has said.
* POWER: Renewable energy company Greenko Group is in talks with Essel Infraprojects to acquire its power transmission business for an estimated $1 bln rupees.
* RAILWAYS: Indian Railway Finance Corp has listed its $500-mln green bonds on BSE's India International Exchange.
* REGULATORY: The Securities and Exchange Board of India imposed a penalty of 400,000 rupees on a former official of ING Vysya Bank for disclosure lapses.
- SEBI has approached the Prime Minister's office and the Ministry of Corporate Affairs to look into its proposal mandating listed companies to make public disclosures within a day of loan defaults.
- To deepen the corporate bond market, SEBI plans to come out with a methodology for uniform valuation of such products across the financial sector.
* TELECOMMUNICATIONS: The Telecom Regulatory Authority of India has cut the international termination charge on incoming calls to 30 paise from 53 paise per minute, effective Feb 1.
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* AUTOMOBILE: Energy Efficiency Services has decided to start receiving electric cars only after charging stations are in place.
* AVIATION: The government is exploring options of absorbing Air India employees in public sector
enterprises and voluntary retirement package as it moves ahead with the airline's disinvestment.
- AirAsia India has cautioned job-seekers against "certain recruitment agencies" attempting to mislead people by fictitiously posing as employees of the budget carrier.
* BANKING: The Reserve Bank of India issued draft guidelines on hedging commodity price risks and freight risks in overseas markets.
* CEMENT: JSW Cement will put in a bid for Binani Cement today, the last date for closing of bids at the National Company Law Tribunal.
* COMMODITIES: Finance Minster Arun Jaitley has launched options contracts of guar seed on the National Commodity and Derivatives Exchange, marking the debut of options in farm goods.
* ECONOMY: Sectors like textiles and garments, agriculture, transport, housing and skill development will get a higher allocation in the Budget for 2018-19, and funds to promote exports will be enhanced.
* INFRASTRUCTURE: The Mumbai Metropolitan Region Development Authority has approved an extension of 2.7 km to the 32-km Metro-4A line from Wadala to Kasarvadavali.
- Brookfield Asset Management and an investment firm backed by Abu Dhabi Investment Authority have emerged the final bidders seeking to run access controlled Indian motorway projects worth about 63 bln rupees.
* OIL AND GAS: India needs investment to the tune of $300 bln in the next 10 years to double its oil refining capacity, Union Petroleum Minister Dharmendra Pradhan has said.
* POWER: Renewable energy company Greenko Group is in talks with Essel Infraprojects to acquire its power transmission business for an estimated $1 bln rupees.
* RAILWAYS: Indian Railway Finance Corp has listed its $500-mln green bonds on BSE's India International Exchange.
* REGULATORY: The Securities and Exchange Board of India imposed a penalty of 400,000 rupees on a former official of ING Vysya Bank for disclosure lapses.
- SEBI has approached the Prime Minister's office and the Ministry of Corporate Affairs to look into its proposal mandating listed companies to make public disclosures within a day of loan defaults.
- To deepen the corporate bond market, SEBI plans to come out with a methodology for uniform valuation of such products across the financial sector.
* TELECOMMUNICATIONS: The Telecom Regulatory Authority of India has cut the international termination charge on incoming calls to 30 paise from 53 paise per minute, effective Feb 1.
