Daily Sector News Today – 06.10.2017
* BANKING: Finance Minister Arun Jaitley, along with Bangladesh Finance Minister Abul Maal A.
Muhith, inaugurated the representative office of Export-Import Bank of India in Dhaka.
* CORPORATE: Tata Capital has entered into an agreement with Capital Float to provide working capital loans to small and medium enterprises.The Competition Commission of India has imposed a fine on three companies--GRASIM INDUSTRIES, ADITYA BIRLA CHEMICALS, GUJARAT ALKALIES—for acting in collusion while placing bids for Delhi Jal Board's tenders for procurement of Poly Aluminium Chloride, a chemical used to purify water.
* ECONOMY: ONGC-HPCL merger and the listing of state-owned insurance companies will help the government to meet its divestment target for 2017-18 (Apr-Mar).
* FMCG: A consumer rights group has approached the Food Safety and Standards Authority of India,
seeking regulations to limit the amount of fat and sugar in cream biscuits.
* INFRASTRUCTURE: Home Minister Rajnath Singh and Road Transport and Shipping Minister Nitin Gadkari will together lay foundation stones for shipping and road projects worth 13.21 bln rupees in Andaman & Nicobar Islands today.
* OIL AND GAS: Responding to the Centre's appeal to states to reduce value added tax on petrol and
diesel due to rising fuel prices, the Gujarat government has decided to cut the levy on the two fuels.
* RAILWAYS: Railways Minister Piyush Goyal said he will soon meet bankers to seek a cut in transaction fee for online ticket booking.
* REGULATORY: The Securities and Exchange Board of India's committee on corporate governance's recommendations ranged from ensuring the independence of the board of directors, accounting and audit practices and disclosures on related party transactions, and aim at synchronising the interest of majority and minority shareholders.
* TELECOMMUNICATION: BHARTI AIRTEL'S Managing Director Gopal Vittal and Reliance Jio's MD Sanjay Mashruwala are part of the high-level forum to develop a roadmap to operationalise 5G mobile services by 2020.
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Muhith, inaugurated the representative office of Export-Import Bank of India in Dhaka.
* CORPORATE: Tata Capital has entered into an agreement with Capital Float to provide working capital loans to small and medium enterprises.The Competition Commission of India has imposed a fine on three companies--GRASIM INDUSTRIES, ADITYA BIRLA CHEMICALS, GUJARAT ALKALIES—for acting in collusion while placing bids for Delhi Jal Board's tenders for procurement of Poly Aluminium Chloride, a chemical used to purify water.
* ECONOMY: ONGC-HPCL merger and the listing of state-owned insurance companies will help the government to meet its divestment target for 2017-18 (Apr-Mar).
* FMCG: A consumer rights group has approached the Food Safety and Standards Authority of India,
seeking regulations to limit the amount of fat and sugar in cream biscuits.
* INFRASTRUCTURE: Home Minister Rajnath Singh and Road Transport and Shipping Minister Nitin Gadkari will together lay foundation stones for shipping and road projects worth 13.21 bln rupees in Andaman & Nicobar Islands today.
* OIL AND GAS: Responding to the Centre's appeal to states to reduce value added tax on petrol and
diesel due to rising fuel prices, the Gujarat government has decided to cut the levy on the two fuels.
* RAILWAYS: Railways Minister Piyush Goyal said he will soon meet bankers to seek a cut in transaction fee for online ticket booking.
* REGULATORY: The Securities and Exchange Board of India's committee on corporate governance's recommendations ranged from ensuring the independence of the board of directors, accounting and audit practices and disclosures on related party transactions, and aim at synchronising the interest of majority and minority shareholders.
* TELECOMMUNICATION: BHARTI AIRTEL'S Managing Director Gopal Vittal and Reliance Jio's MD Sanjay Mashruwala are part of the high-level forum to develop a roadmap to operationalise 5G mobile services by 2020.
