Today's Sector News - 02.03.2020: 09.00 Am
* REGULATORY: The government has extended the term of Securities and Exchange Board of India
Chairman Ajay Tyagi by six months from Saturday or until further order, as per a notification released late Friday.
-Market regulator, Securities and Exchange Board of India on Friday has imposed a fine of 1.7 mln
rupees on Motial Oswal Financial Services for failing to maintain segregation of client funds and misuse of client funds, an order said.
* OIL AND GAS: A UK court has denied the Indian government permission to appeal a recent order that potentially reduced the liability of RELIANCE INDUSTRIES, Shell and OIL AND NATURAL GAS CORP in the ongoing arbitration over the finances of the Panna, Mukta and Tapti oil and gas fields.
*TELECOM: A crucial meeting of the digital communications commission on Friday on relief measures for the distressed telecom sector remained inconclusive, with officials saying more details are required for reconciliation of adjusted gross revenue data.
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