Today's Sector News – 16.05.2019
* AUTOMOBILES: MG Motor is banking on electric vehicles portfolio to support the government's push for cleaner transport alternatives for addressing the challenge of rising pollution.
* AVIATION: Qatar Airways has requested Indian authorities to allow the airline to offer additional number of seats on its flight services to major Indian cities from Doha due to reduction in the number of seats offered by Indian airlines operating to and from Qatar.
* BANKING: The Reserve Bank of India's 'Payment and Settlement Systems in India: Vision 2019-21', pitches for an increase in digital payment transactions, with a focus on low margins and higher volumes to enable lowercost transactions and an eventual reduction in use of cash in the economy.
* EXCHANGES: BSE has levied 11,800-rupee penalty on companies for the March quarter for non-compliance with listing norms.
* REALTY: Piramal Realty is looking to double its portfolio of under-construction projects to nearly 30 mln sq ft over the next two years through a combination of outright land buys and alliances, said a top executive of the company.
* STEEL: The National Company Law Appellate Tribunal has completed hearing Essar Steel Asia Holdings' plea claiming that ArcelorMittal India was ineligible to bid for Essar Steel India.
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* AVIATION: Qatar Airways has requested Indian authorities to allow the airline to offer additional number of seats on its flight services to major Indian cities from Doha due to reduction in the number of seats offered by Indian airlines operating to and from Qatar.
* BANKING: The Reserve Bank of India's 'Payment and Settlement Systems in India: Vision 2019-21', pitches for an increase in digital payment transactions, with a focus on low margins and higher volumes to enable lowercost transactions and an eventual reduction in use of cash in the economy.
* EXCHANGES: BSE has levied 11,800-rupee penalty on companies for the March quarter for non-compliance with listing norms.
* REALTY: Piramal Realty is looking to double its portfolio of under-construction projects to nearly 30 mln sq ft over the next two years through a combination of outright land buys and alliances, said a top executive of the company.
* STEEL: The National Company Law Appellate Tribunal has completed hearing Essar Steel Asia Holdings' plea claiming that ArcelorMittal India was ineligible to bid for Essar Steel India.
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