Today's Sector News – 10.04.2019
* BANKING: The government has announced top-level changes in public sector banks following the merger of Dena Bank and Vijaya Bank with Bank of Baroda.
* OIL AND GAS: The Directorate General of Hydrocarbons has extended the last date for bidding for total 37 new oil and gas exploration blocks, offered under the Open Acreage Licensing Policy by over a month to May 15.
* STEEL: The National Company Law Appellate Tribunal has said it may direct global steel major
ArcelorMittal to deposit the bid amount of 420 bln rupees to acquire Essar Steel in separate accounts during the next hearing on Apr 23.
* TELECOMMUNICATION: The Telecom Regulatory Authority of India has floated a consultation paper seeking stakeholder views on the minimum net worth and other eligibility criteria for multi-system operators for cable television service.
-Bharat Sanchar Nigam has collected a record revenue of 65 bln rupees from enterprise segment,
making it sufficiently funded, which will help the company meet its various requirements.
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* OIL AND GAS: The Directorate General of Hydrocarbons has extended the last date for bidding for total 37 new oil and gas exploration blocks, offered under the Open Acreage Licensing Policy by over a month to May 15.
* STEEL: The National Company Law Appellate Tribunal has said it may direct global steel major
ArcelorMittal to deposit the bid amount of 420 bln rupees to acquire Essar Steel in separate accounts during the next hearing on Apr 23.
* TELECOMMUNICATION: The Telecom Regulatory Authority of India has floated a consultation paper seeking stakeholder views on the minimum net worth and other eligibility criteria for multi-system operators for cable television service.
-Bharat Sanchar Nigam has collected a record revenue of 65 bln rupees from enterprise segment,
making it sufficiently funded, which will help the company meet its various requirements.
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