Today's Sector News - 29.11.2019: 09.00 Am
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* AUTOMOBILE: The Ministry of Road Transport and Highways has deferred a proposal to exempt
battery-operated electric vehicles from registration fees, Minister for Road Transport and Highways Nitin Gadkari said.
* AVIATION: The board of Airports Authority of India has recommended that the airports operated by it at Amritsar, Varanasi, Bhubaneswar, Indore, Raipur, and Tiruchirappalli be leased out to private players for operation, management and development under the public-private partnership model, Minister for Civil Aviation Hardeep Singh Puri said.
* BANKING: Units of debt exchange traded funds will be considered eligible securities for repurchase transactions, the Reserve Bank of India said in a notification.
* ENERGY: Asian Development Bank has signed a $451-mln loan agreement with the Indian government to strengthen power connectivity between the southern and northern parts of the Chennai–Kanyakumari Industrial Corridor.
* FINANCE: Aditya Birla Finance has become the first entity to list its commercial papers on the National Stock Exchange and BSE platforms.
* REGULATORY: The Securities and Exchange Board of India has, with immediate effect, has allowed clearing corporations to invest in overnight funds, subject to certain conditions.
* STEEL: Lenders to Essar Steel may get more than 420 bln rupees from the resolution process. Lenders and ArcelorMittal have mutually agreed to appoint Grant Thorton for an audit of Essar's earnings before interest, tax, depreciation, and amortisation, which will flow to the lenders.
* SUGAR: Millers in Uttar Pradesh have asked the state government to do away with the reservation quota of molasses for manufacturers of country-made liquor in the state, as this is against the interests of farmers.
* TELECOMMUNICATION: Around 78,000 employees of embattled state-owned telecom player Bharat Sanchar Nigam had opted for voluntary retirement scheme as of Nov 23, Junior Telecom Minister Sanjay Dhotre informed the Rajya Sabha.
- The government has said it does not have any information which suggests that any entity under its
control was involved in the WhatsApp data breach, using 'Pegasus' spyware.
- SBI Caps has finalised a detailed evaluation of the bids of the four companies that have offered to
buy Anil Ambani's telecom business.
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