Daily Sector News Today – 29.09.2017
* AUTOMOBILE: Toyota Kirloskar Motor launched a limited edition of Etios Cross with price starting at 664,000 rupees. Nissan India has launched its pre-owned car business-Nissan Intelligent Choice in India. MAHINDRA & MAHINDRA, TATA MOTORS and Japanese carmaker Nissan have bid for India's first electric car tender of 10,000 vehicles.
* AVIATION: The civil aviation ministry has acceded to a request from some airlines that will allow
them to ply bigger aircraft for UDAN flights.
* ECONOMY: State-owned companies have committed to spend an additional 250 bln rupees on capital expenditure in the current financial year.
* INSURANCE: Cigna TTK Health Insurance has got Insurance Regulatory and Development Authority of India's approval to raise Cigna Corp's stake in the joint venture to 49% from 26%.
* PHARMACEUTICALS: The government has prevented companies that make or import coronary stents from requesting permission to discontinue their products until December to avoid a shortage.
* RAILWAYS: Union minister Piyush Goyal has said the flexi fare scheme of the Railways may be
amended to bring in revenues without taxing passengers.
* TELECOMMUNICATION: The Telecom Commission may offer interim, piecemeal sops to debt-laden telecom companies, pending a comprehensive relief package that is still some time away, .
BHARTI AIRTEL and IDEA CELLULAR have moved the Bombay High Court against the cut in the
interconnection usage charge.
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* AVIATION: The civil aviation ministry has acceded to a request from some airlines that will allow
them to ply bigger aircraft for UDAN flights.
* ECONOMY: State-owned companies have committed to spend an additional 250 bln rupees on capital expenditure in the current financial year.
* INSURANCE: Cigna TTK Health Insurance has got Insurance Regulatory and Development Authority of India's approval to raise Cigna Corp's stake in the joint venture to 49% from 26%.
* PHARMACEUTICALS: The government has prevented companies that make or import coronary stents from requesting permission to discontinue their products until December to avoid a shortage.
* RAILWAYS: Union minister Piyush Goyal has said the flexi fare scheme of the Railways may be
amended to bring in revenues without taxing passengers.
* TELECOMMUNICATION: The Telecom Commission may offer interim, piecemeal sops to debt-laden telecom companies, pending a comprehensive relief package that is still some time away, .
BHARTI AIRTEL and IDEA CELLULAR have moved the Bombay High Court against the cut in the
interconnection usage charge.
