Daily Sector News Today – 27.12.2017
* ENERGY: The government appears to have turned down a plea by the Ministry of New and Renewable Energy to scrap import duty on solar panels imposed last year. Great Eastern Energy Corp will invest up to 25 bln rupees over the next three to four years to raise output.
* INFRASTRUCTURE: The National Highways Authority of India will launch its first retail bond issue in February. The authority is looking to tap into the retirement savings of senior citizens to raise around 50 bln rupees in the first tranche that would be spent towards the government's ambitious Bharatmala highway construction programme.
* OIL AND GAS: Essar Oilfields Services has bagged three drilling contracts from Mercator Petroleum in the Cambay Basin. Diesel prices have soared in the country, peaking in Delhi and touching three-year highs in Kolkata and Chennai as crude oil surges on good demand and production cuts led by OPEC and Russia.
* PHARMACEUTICALS: The government will sell its entire stake in Indian Medicines Pharmaceutical Corp and is looking for a firm to value the assets of the company.
* REGULATORY: The Securities and Exchange Board of India board will consider proposals to ease compliance norms for insolvent firms especially with regard to trading, listing and de-listing, and declaring results at its meeting on
Thursday.
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* INFRASTRUCTURE: The National Highways Authority of India will launch its first retail bond issue in February. The authority is looking to tap into the retirement savings of senior citizens to raise around 50 bln rupees in the first tranche that would be spent towards the government's ambitious Bharatmala highway construction programme.
* OIL AND GAS: Essar Oilfields Services has bagged three drilling contracts from Mercator Petroleum in the Cambay Basin. Diesel prices have soared in the country, peaking in Delhi and touching three-year highs in Kolkata and Chennai as crude oil surges on good demand and production cuts led by OPEC and Russia.
* PHARMACEUTICALS: The government will sell its entire stake in Indian Medicines Pharmaceutical Corp and is looking for a firm to value the assets of the company.
* REGULATORY: The Securities and Exchange Board of India board will consider proposals to ease compliance norms for insolvent firms especially with regard to trading, listing and de-listing, and declaring results at its meeting on
Thursday.
