Today's Sector View – 08.01.2019

Today's Sector View – 08.01.2019

* AVIATION: Concerned over safety issues due to recurring incidents with the Airbus320neo aircraft fitted with Pratt & Whitney engines, the government is likely to tell carriers such as IndiGo and GoAir to hold back their aircraft induction plans, and even ground those aircraft till these problems are sorted out.
- Air India has defaulted on salary payments for the second consecutive month missing the December pay-day amid liquidity crunch.

* BANKING: The Reserve Bank of India may transfer an interim dividend of over 300 bln rupees to the centre this year. Central government is seeking at least 231 bln rupees in interim dividend from the Reserve Bank of India before Mar 31.

* STEEL: The Ahmedabad bench of the National Company Law Tribunal will pronounce by Jan 31 its order on a plea by promoters of Essar Steel India on the company's offer to repay 540 bln rupees in debt under the insolvency law.

* TELECOMMUNICATIONS: Direct-to-home and cable television service providers have announced new a-la-carte prices and bouquets as part of a shift to Telecom Regulatory Authority of India's new tariff norms.

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