Daily Sector News Today – 14.09.2017
* AVIATION: The government is likely to invite applications to appoint a transaction adviser for divesting its stake in Air India by next week, a senior government official said.
* COMMODITY: The response to the government allowing more import of raw sugar has been robust, with millers having sought to import three to four times the allowed quota, a senior government official said.
* ENERGY: International Finance Corp, the private sector lending and investment arm of the World Bank, plans to invest over $2 bln in India by June 2018, its country head Jun Zhang said.
* OIL AND GAS: The government will not interfere with the revision of prices of petrol and diesel by stateowned fuel retailers and the three companies will continue to revise prices of the fuel on a daily basis in line with international prices, Petroleum Minister Dharmendra Pradhan said.
* POWER: Centre for Public Interest Litigation has moved the Delhi High Court seeking an investigation into the alleged over-invoicing by some power companies for coal imports and power equipment purchase.
- Spot market power prices have peaked at 9 rupees per unit, a three-year high, while the average price on India Electricity Exchange also rose to 5 rupees per unit.
* RAILWAYS: The finance ministry is in preliminary talks with multilateral funding agencies to finance the ambitious 320-bln-rupee Delhi-Meerut rapid rail project, a source close to the development said.
* REGULATORY: The Securities and Exchange Board of India has directed stock exchanges and clearing corporations to implement within six months a new policy for outsourcing any exchange-level activity.
* TELECOMMUNICATION: Vodafone India has launched an unlimited plan for international travellers to the US and Europe at 180 rupees a day, the company said.
- The Telecom Regulatory Authority of India will soon come out with its report on the controversial issue of interconnect user charge, Chairman R.S. Sharma has said.
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* COMMODITY: The response to the government allowing more import of raw sugar has been robust, with millers having sought to import three to four times the allowed quota, a senior government official said.
* ENERGY: International Finance Corp, the private sector lending and investment arm of the World Bank, plans to invest over $2 bln in India by June 2018, its country head Jun Zhang said.
* OIL AND GAS: The government will not interfere with the revision of prices of petrol and diesel by stateowned fuel retailers and the three companies will continue to revise prices of the fuel on a daily basis in line with international prices, Petroleum Minister Dharmendra Pradhan said.
* POWER: Centre for Public Interest Litigation has moved the Delhi High Court seeking an investigation into the alleged over-invoicing by some power companies for coal imports and power equipment purchase.
- Spot market power prices have peaked at 9 rupees per unit, a three-year high, while the average price on India Electricity Exchange also rose to 5 rupees per unit.
* RAILWAYS: The finance ministry is in preliminary talks with multilateral funding agencies to finance the ambitious 320-bln-rupee Delhi-Meerut rapid rail project, a source close to the development said.
* REGULATORY: The Securities and Exchange Board of India has directed stock exchanges and clearing corporations to implement within six months a new policy for outsourcing any exchange-level activity.
* TELECOMMUNICATION: Vodafone India has launched an unlimited plan for international travellers to the US and Europe at 180 rupees a day, the company said.
- The Telecom Regulatory Authority of India will soon come out with its report on the controversial issue of interconnect user charge, Chairman R.S. Sharma has said.
