Daily Sector News Today – 08.11.2017
* BANKING: Banks in the country, both public and private, have to replace existing automatic teller
machines with newly developed, high technology multi-service teller machines in the next two-three years, NCR Corp Executive Vice-President Paul Langenbahn said.
* COAL: A special Central Bureau of Investigation court has began hearing the charges, including those of criminal conspiracy, filed by the CBI against five fresh accused in the Amarkonda-Murgadangal coal block allocation case.
* COMMODITIES: The deadlock over the first cane instalment to be paid to farmers by sugar millers in Maharashtra has been finally broken. Sugar millers from south Maharashtra have agreed to pay 200 rupees per tn over and above the fair and remunerative price.
* ECONOMY: The Insolvency and Bankruptcy Board of India has amended regulations related to resolution process to ensure strict due diligence is carried out for resolution applicants, including promoters, before a resolution plan is approved, a government release said.
* FAST MOVING CONSUMER GOODS: Private equity firms KKR, Bain Capital and TA Associates are vying for 12-13% stake in the supermarkets and hypermarkets arm of the Aditya Birla Group.
* FINANCE: With the pre-Budget consultations with various government departments having commenced and the finance ministry finalising the revised estimates for the current fiscal, major infrastructure ministries such as power and telecom may be refused extra funds in the upcoming demand for grants in the Winter Session.
* INFRASTRUCTURE: The road transport ministry will review the National Highways Authority of India's order barring 20 companies from bidding for road projects.
* REGULATORY: The government appointed Sanjeev Kaushik as whole-time member of the Securities and Exchange Board of India for three years.
* TAXATION: In a bid to achieve its aim of a uniform tax slab under the goods and services tax, the
government is likely to prune items under the highest bracket of 28%.
* TELECOMMUNICATION: The Telecom Regulatory Authority of India has asked direct-to-home operators to enable online bill payment through government interfaces such as the Bharat Interface for Money, Unified Payment Interface.
- Vodafone India has rolled out a new set of 'RED' postpaid plans, with monthly rentals of 499-2,999
rupees.
- The Telecom Regulatory Authority of India is considering removal of the 50% limit on spectrum holdings within a particular band.
- The telecom department looks to finalise the new telecom policy by February and would release its draft by December-end for public comments.
- Vodafone India, IDEA CELLULAR, Reliance Jio Infocomm and BHARTI AIRTEL have shown interest in the government's Bharat Net project for providing last-mile connectivity, telecom minister Manoj Sinha said
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machines with newly developed, high technology multi-service teller machines in the next two-three years, NCR Corp Executive Vice-President Paul Langenbahn said.
* COAL: A special Central Bureau of Investigation court has began hearing the charges, including those of criminal conspiracy, filed by the CBI against five fresh accused in the Amarkonda-Murgadangal coal block allocation case.
* COMMODITIES: The deadlock over the first cane instalment to be paid to farmers by sugar millers in Maharashtra has been finally broken. Sugar millers from south Maharashtra have agreed to pay 200 rupees per tn over and above the fair and remunerative price.
* ECONOMY: The Insolvency and Bankruptcy Board of India has amended regulations related to resolution process to ensure strict due diligence is carried out for resolution applicants, including promoters, before a resolution plan is approved, a government release said.
* FAST MOVING CONSUMER GOODS: Private equity firms KKR, Bain Capital and TA Associates are vying for 12-13% stake in the supermarkets and hypermarkets arm of the Aditya Birla Group.
* FINANCE: With the pre-Budget consultations with various government departments having commenced and the finance ministry finalising the revised estimates for the current fiscal, major infrastructure ministries such as power and telecom may be refused extra funds in the upcoming demand for grants in the Winter Session.
* INFRASTRUCTURE: The road transport ministry will review the National Highways Authority of India's order barring 20 companies from bidding for road projects.
* REGULATORY: The government appointed Sanjeev Kaushik as whole-time member of the Securities and Exchange Board of India for three years.
* TAXATION: In a bid to achieve its aim of a uniform tax slab under the goods and services tax, the
government is likely to prune items under the highest bracket of 28%.
* TELECOMMUNICATION: The Telecom Regulatory Authority of India has asked direct-to-home operators to enable online bill payment through government interfaces such as the Bharat Interface for Money, Unified Payment Interface.
- Vodafone India has rolled out a new set of 'RED' postpaid plans, with monthly rentals of 499-2,999
rupees.
- The Telecom Regulatory Authority of India is considering removal of the 50% limit on spectrum holdings within a particular band.
- The telecom department looks to finalise the new telecom policy by February and would release its draft by December-end for public comments.
- Vodafone India, IDEA CELLULAR, Reliance Jio Infocomm and BHARTI AIRTEL have shown interest in the government's Bharat Net project for providing last-mile connectivity, telecom minister Manoj Sinha said
