Today's Sector News - 17.01.2020: 09.00 Am
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* OIL AND GAS: Birla Carbon, an Aditya Birla group company, is raising up to $1.5 bln through its
maiden overseas bond sale.
* REGULATORY: In a major development for the commodity derivatives markets, the Securities and
Exchange Board of India on Thursday allowed exchanges to launch options contracts in goods.
-SEBI has exonerated nine former and present employees of the National Stock Exchange, including
Ravi Narain, the former managing director and chief executive officer of the exchange, in the "dark-fibre issue" case.
* TELECOMMUNICATION: The Telecom Regulatory Authority of India on Thursday announced an amendment to regulations on the Telecommunication Consumers Education and Protection Fund, to remove any ambiguity and facilitate the deposit of unclaimed consumers' money by telecom service providers. Cellular Operators Association of India has termed the decision of the Supreme Court to turn down the review petition of telecom companies on its decision upholding the government's formula for calculation of adjusted gross revenue as a 'setback' and the last straw in contributing to financial distress in the sector.
* TRADE: India has not imposed any curbs on imports from either Malaysia or Turkey or any other country as it believes in fair play and equal terms for all trading partners, Commerce and Industry Minister Piyush Goyal said.
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