Today's Sector News – 22.07.2019
* AVIATION: The Directorate General of Civil Aviation has been asked to take strict action against airlines that are found to be compromising on aircraft safety.
* BANKING: Reserve Bank of India Governor Shaktikanta Das was critical of the "less than desired" monetary policy transmission by public sector banks, despite cumulative reduction of 75 basis points in policy rates so far this year.
* CORPORATE: Tata Realty and Infrastructure, a wholly-owned unit of Tata Sons, is all set to exit the roads business by selling four of its projects for which preliminary talks are on with Singaporean sovereign fund GIC.
* FINANCE: The government got subscriptions worth 250 bln rupees from the sixth tranche of the Central Public Sector Enterprises Exchange-Traded Fund, a senior finance ministry official said, adding that it will exercise the greenshoe option of the issue.
-Responding to reportage of Grant Thornton's probe into Infrastructure Leasing & Financial Services that suggested collusion with ratings agency officials, India Ratings and Research has said this report had "no legal standing" and pointed out that ratings agencies relies on accurate information from companies for their methodology.
* OIL AND GAS: India will have to increase its refining capacity by as much as 80% to meet future fuel demand even if there is an aggressive rollout of electric vehicles in the country, Petroleum Minister Dharmendra Pradhan said.
* TELECOMMUNICATION: An employees' union of state-owned Bharat Sanchar Nigam has sought an immediate short-term bank loan of 60 bln rupees for operating and capital expenditure and "speedy revival".
KEEP REFRESH FOR NEXT UPDATE
தினமும் வீட்டில் இருந்து பணம் சம்பாதியுங்கள் Click Here :- Register for Free Training
Whatsapp Number : 91-9094047040 / 91-9841986753
RUPEEDESK - SHARE MARKET TRAINING
* BANKING: Reserve Bank of India Governor Shaktikanta Das was critical of the "less than desired" monetary policy transmission by public sector banks, despite cumulative reduction of 75 basis points in policy rates so far this year.
* CORPORATE: Tata Realty and Infrastructure, a wholly-owned unit of Tata Sons, is all set to exit the roads business by selling four of its projects for which preliminary talks are on with Singaporean sovereign fund GIC.
* FINANCE: The government got subscriptions worth 250 bln rupees from the sixth tranche of the Central Public Sector Enterprises Exchange-Traded Fund, a senior finance ministry official said, adding that it will exercise the greenshoe option of the issue.
-Responding to reportage of Grant Thornton's probe into Infrastructure Leasing & Financial Services that suggested collusion with ratings agency officials, India Ratings and Research has said this report had "no legal standing" and pointed out that ratings agencies relies on accurate information from companies for their methodology.
* OIL AND GAS: India will have to increase its refining capacity by as much as 80% to meet future fuel demand even if there is an aggressive rollout of electric vehicles in the country, Petroleum Minister Dharmendra Pradhan said.
* TELECOMMUNICATION: An employees' union of state-owned Bharat Sanchar Nigam has sought an immediate short-term bank loan of 60 bln rupees for operating and capital expenditure and "speedy revival".
Our Blog Information Learning purpose only
(Paper Trading Practice for Currency, Equity, Commodity Segment)
Register For Free Equity Tips Trial: http://rupeedesk.in/rupeedeskfree-calls z
