Today's Sector News – 20.05.2019
* EXCHANGE: The National Stock Exchange will move the Securities Appellate Tribunal against the Securities and Exchange Board of India's order barring the bourse from raising funds through the securities markets for six months in the co-location case.
* FINANCE: ORIX Corp of Japan, which owns 49% stake in each of the operating wind power plants of the IL&FS Group, has exercised its right to match the highest bid for the remaining 51% stake in these projects held by IL&FS Wind Energy.
* OIL AND GAS: The Organization of the Petroleum Exporting Countries and its allies on Sunday inched closer to continuing their existing production targets through the end of the year as fear of a returning oil glut outweighed apprehensions around West Asia conflict.
* REGULATORY: The Securities and Exchange Board of India may conduct three to four mock technical sessions before rolling out interoperability norms for clearing corporations.
* STEEL: The earnings before interest, taxes, depreciation and amortisation for Essar Steel India during its corporate insolvency resolution process that started from August 2017 is 40 bln rupees, the resolution professional of the company informed the National Company Law Appellate Tribunal.
* TELECOMMUNICATION: The Telecom Regulatory Authority of India is considering regulation of over-thetop mobile applications such as Hotstar and SonyLiv that stream television channels live.
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* FINANCE: ORIX Corp of Japan, which owns 49% stake in each of the operating wind power plants of the IL&FS Group, has exercised its right to match the highest bid for the remaining 51% stake in these projects held by IL&FS Wind Energy.
* OIL AND GAS: The Organization of the Petroleum Exporting Countries and its allies on Sunday inched closer to continuing their existing production targets through the end of the year as fear of a returning oil glut outweighed apprehensions around West Asia conflict.
* REGULATORY: The Securities and Exchange Board of India may conduct three to four mock technical sessions before rolling out interoperability norms for clearing corporations.
* STEEL: The earnings before interest, taxes, depreciation and amortisation for Essar Steel India during its corporate insolvency resolution process that started from August 2017 is 40 bln rupees, the resolution professional of the company informed the National Company Law Appellate Tribunal.
* TELECOMMUNICATION: The Telecom Regulatory Authority of India is considering regulation of over-thetop mobile applications such as Hotstar and SonyLiv that stream television channels live.
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