Daily Sector News Today – 17.10.2017
* AVIATION: The government prefers to divest its stake in Air India piecemeal to successfully complete the process. Air India is planning to raise $555 mln by way of bridge loan for the purchase of three Boeing aircraft.
* CEMENT: JSW Group has lined up mega-expansion plans for its cement business, including listing the company, and aims to foray into the paints business by August 2018, JSW Cement Managing Director Parth Jindal said.
* PHARMACEUTICALS: A proposed amendment to the four-year-old Drug Price Control Order aims to bring non-scheduled drugs under price control by changing the price setting method.
* REGULATORY: The Securities and Exchange Board of India has formed a committee, chaired by former deputy governor of the Reserve Bank of India R.Gandhi, to assess adequacy of existing framework on market infrastructure institutions.
* TAXATION: The government will look into any remaining issues of the leather industry under the goods and services tax, Minister of State for Commerce and Industry C.R. Chaudhary said.
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* CEMENT: JSW Group has lined up mega-expansion plans for its cement business, including listing the company, and aims to foray into the paints business by August 2018, JSW Cement Managing Director Parth Jindal said.
* PHARMACEUTICALS: A proposed amendment to the four-year-old Drug Price Control Order aims to bring non-scheduled drugs under price control by changing the price setting method.
* REGULATORY: The Securities and Exchange Board of India has formed a committee, chaired by former deputy governor of the Reserve Bank of India R.Gandhi, to assess adequacy of existing framework on market infrastructure institutions.
* TAXATION: The government will look into any remaining issues of the leather industry under the goods and services tax, Minister of State for Commerce and Industry C.R. Chaudhary said.
