Today Sector News – 15.02.2018
* AVAITION: New engines made by Pratt & Whitney for the latest Airbus single-aisle jetliner, the ‘A320 neo’, pose a potential shutdown risk, US aviation regulator has said. Airlines accepting more bookings than they can afford to accommodate and deny boarding to flyers despite having confirmed tickets should pay up immediately, Directorate General of Civil Aviation told the Delhi High Court.
* BANKING: Lenders want the Reserve Bank of India to clarify whether the new norms on non-performing assets will apply to loans where restructuring has been initiated.
* POWER: India's wind power tariffs stayed close to their record low in the latest auction by the Solar Energy Corp of India.
* REGULATORY: The Securities Appellate Tribunal will Friday hear Price Waterhouse's pleas challenging the ruling that had barred the firm and its network entities from taking up new audit work for listed companies.
* STEEL: Liberty House has confirmed its intent to put in a bid for Bhushan Power & Steel, but the person in charge of the debt resolution process at the company said there was no plan to extend the bidding deadline. The resolution plans of ArcelorMittal and Numetal were sent to Grant Thornton and Cyril Amarchand Mangaldas by the company's resolution professional as questions were being raised over their eligibility.
* TELECOMMUNICATION: Ericsson is ready to offer its 5th generation-ready network solutions to Indian telecom companies by mid-2019 itself, if compatible 5G spectrum in the 3300-3600 MHz bands is made available by the government.
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* BANKING: Lenders want the Reserve Bank of India to clarify whether the new norms on non-performing assets will apply to loans where restructuring has been initiated.
* POWER: India's wind power tariffs stayed close to their record low in the latest auction by the Solar Energy Corp of India.
* REGULATORY: The Securities Appellate Tribunal will Friday hear Price Waterhouse's pleas challenging the ruling that had barred the firm and its network entities from taking up new audit work for listed companies.
* STEEL: Liberty House has confirmed its intent to put in a bid for Bhushan Power & Steel, but the person in charge of the debt resolution process at the company said there was no plan to extend the bidding deadline. The resolution plans of ArcelorMittal and Numetal were sent to Grant Thornton and Cyril Amarchand Mangaldas by the company's resolution professional as questions were being raised over their eligibility.
* TELECOMMUNICATION: Ericsson is ready to offer its 5th generation-ready network solutions to Indian telecom companies by mid-2019 itself, if compatible 5G spectrum in the 3300-3600 MHz bands is made available by the government.
