Today's Sector News – 16.07.2019
* FAST-MOVING CONSUMER GOODS: The Food Safety and Standards Authority of India has proposed making it mandatory for companies to display a red colour code on packaged food that have high content of calories, saturated fats, transfats, added sugar and salt.
* FINANCE: ICRA expects India's securitisation market to remain buoyant and touch an all-time high, with an estimated volume of more than 2 trln rupees in 2019-20 (Apr-Jun).
-Three subsidiaries of Infrastructure Leasing & Financial Services--Moradabad Bareilly Expressway,
Jharkhand Road Projects and West Gujarat Expressway--signed a debt restructuring agreement with several of their lenders on Monday.
-In a bid to set benchmark and create a market for its planned overseas sovereign bonds this year, the
government is likely to make its first tranche of the maiden issue no less than $3 bln-$4 bln.
* INSURANCE: The Insurance Regulatory and Development Authority of India Monday released final product guidelines for both traditional and unit linked insurance products to improve the product proposition. .
* REALTY: Gera Developments bought a 22-acre land parcel in Pune's Wagholi locality from promoters of Goel Ganga Group for 1.80 bln rupees.
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* FINANCE: ICRA expects India's securitisation market to remain buoyant and touch an all-time high, with an estimated volume of more than 2 trln rupees in 2019-20 (Apr-Jun).
-Three subsidiaries of Infrastructure Leasing & Financial Services--Moradabad Bareilly Expressway,
Jharkhand Road Projects and West Gujarat Expressway--signed a debt restructuring agreement with several of their lenders on Monday.
-In a bid to set benchmark and create a market for its planned overseas sovereign bonds this year, the
government is likely to make its first tranche of the maiden issue no less than $3 bln-$4 bln.
* INSURANCE: The Insurance Regulatory and Development Authority of India Monday released final product guidelines for both traditional and unit linked insurance products to improve the product proposition. .
* REALTY: Gera Developments bought a 22-acre land parcel in Pune's Wagholi locality from promoters of Goel Ganga Group for 1.80 bln rupees.
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