Today's Sector News – 31.01.2019
* AVIATION: The civil aviation ministry will release the preliminary information memorandum for
prospective bidders of Air Transport Services, the ground handling subsidiary of Air India, within a week.
* FAST-MOVING CONSUMER GOODS: Zomato is in advanced discussions with Berlin-based food
delivery major Delivery Hero to sell its business in the United Arab Emirates and is seeking about $200-250 mln for it.
* STEEL: ArcelorMittal India, as a part of its resolution plan to take over Essar Steel India, had sought immunity from unknown tax and legal liabilities, the counsel for resolution professional in the case told National Company Law Tribunal on Wednesday.
* TRADE: The government has renamed Department of Industrial Policy and Promotion as the Department for Promotion of Industry and Internal Trade, adding domestic trade to its charge.
prospective bidders of Air Transport Services, the ground handling subsidiary of Air India, within a week.
* FAST-MOVING CONSUMER GOODS: Zomato is in advanced discussions with Berlin-based food
delivery major Delivery Hero to sell its business in the United Arab Emirates and is seeking about $200-250 mln for it.
* STEEL: ArcelorMittal India, as a part of its resolution plan to take over Essar Steel India, had sought immunity from unknown tax and legal liabilities, the counsel for resolution professional in the case told National Company Law Tribunal on Wednesday.
* TRADE: The government has renamed Department of Industrial Policy and Promotion as the Department for Promotion of Industry and Internal Trade, adding domestic trade to its charge.
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