Today's Sector News - 04.02.2020: 09.00 Am

Today's Sector News - 04.02.2020: 09.00 Am
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* AVIATION: The Tatas appear to be moving closer to a decision to bid for Air India in partnership with Singapore Airlines and have already started working on the structure for such an acquisition—including a merger of AirAsia India, in which they hold 51%, and Air India Express, a 100% subsidiary of the government-owned national carrier.

* ECONOMY: Finance Minister Nirmala Sitharaman on Monday said the money that the government raises from disinvestment in state-owned companies will be used for spending on infrastructure.

* REGULATORY: SEBI has proposed that in case of any delay in an open offer, the acquirer will have to pay an additional 10% interest to all the shareholders over and above the offer price.

* TELECOMMUNICATION: The Budget, presented on Saturday, did not factor in the government's claims against telecom companies following a court verdict in its favour on calculation of adjusted gross revenue. The dues were not part of revenue estimates for 2019-20 (Apr-Mar) as well as 2020-21, Economic Affairs Secretary Atanu Chakraborty said.
- The Telecom Regulatory Authority of India has yet to get a reference from the telecom department
on the pricing of 26 GHz spectrum, Chairman R.S. Sharma said.

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