Today's Sector News – 12.07.2019
* E-COMMERCE: Internet firms including Flipkart, Amazon and Snapdeal are in the process of submitting detailed reports to the Ministry of Commerce and Industry, explaining their company structures and business operations in India.
* ECONOMY: The government may take two to three months to appoint a new deputy governor for the Reserve Bank of India in place of Viral Acharya, who recently resigned from his post.
- Mastercard is planning to invest nearly 70 bln rupees in India over the next five years which will be used to embellish its value-added services and local services in the country, said Porush Singh, South Asia division president.
* REGULATORY: The government has sought information from the Securities and Exchange Board of India about the origins of those foreign portfolio investors that use the trust structure and the assets that they manage.
* TELECOMMUNICATION: Telecom operators likely to get 16 years to pay for 5G spectrum.
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* ECONOMY: The government may take two to three months to appoint a new deputy governor for the Reserve Bank of India in place of Viral Acharya, who recently resigned from his post.
- Mastercard is planning to invest nearly 70 bln rupees in India over the next five years which will be used to embellish its value-added services and local services in the country, said Porush Singh, South Asia division president.
* REGULATORY: The government has sought information from the Securities and Exchange Board of India about the origins of those foreign portfolio investors that use the trust structure and the assets that they manage.
* TELECOMMUNICATION: Telecom operators likely to get 16 years to pay for 5G spectrum.
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