Today's Sector News – 18.04.2019
* AVIATION: The Directorate General of Civil Aviation met representatives of Indian airlines and advised them to keep fares "low as far as possible".
-Tata Group has increased its stake in AirAsia India to about 51% and, along with its partner AirAsia
Investment, infused 5 bln rupees into the budget airline to fund its international growth plans.
* BANKING: The Reserve Bank of India submitted before the National Company Law Appellate Tribunal that banks should be asked to declare accounts of Infrastructure Leasing & Financial Services and its group companies as non-performing assets.
-Systemically important non-deposit taking investment and credit companies have been allowed to seek licence for category II of authorised dealer, the Reserve Bank of India said.
* ENERGY: Hero Group's renewable energy arm and NYSE-listed Azure Power are gearing up to raise $1 bln by selling bonds to overseas investors over the next few weeks in separate offerings.
* FINANCE: Electronica Finance, a Pune-based financier serving small and medium enterprises, has raised $10 mln through green, rupee-denominated bonds, popularly known as Masala bonds.
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-Tata Group has increased its stake in AirAsia India to about 51% and, along with its partner AirAsia
Investment, infused 5 bln rupees into the budget airline to fund its international growth plans.
* BANKING: The Reserve Bank of India submitted before the National Company Law Appellate Tribunal that banks should be asked to declare accounts of Infrastructure Leasing & Financial Services and its group companies as non-performing assets.
-Systemically important non-deposit taking investment and credit companies have been allowed to seek licence for category II of authorised dealer, the Reserve Bank of India said.
* ENERGY: Hero Group's renewable energy arm and NYSE-listed Azure Power are gearing up to raise $1 bln by selling bonds to overseas investors over the next few weeks in separate offerings.
* FINANCE: Electronica Finance, a Pune-based financier serving small and medium enterprises, has raised $10 mln through green, rupee-denominated bonds, popularly known as Masala bonds.
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