Today Sector News – 16.11.2018
* AVIATION: Loss-making national carrier Air India plans to mop up 7-8 bln rupees by selling over 70 residential and commercial properties spread across the country, a senior airline official said.
* BANKING: The Reserve Bank of India on Thursday directed banks to start a facility where remitter of funds under the real time gross settlement will get a positive confirmation, assuring that funds are credited to the beneficiary account.
* FAST-MOVING CONSUMER GOODS: The Delhi High Court has for the time being lifted the ban on sale of electronic cigarettes and vaping devices in Delhi, saying that the advisory issued by the central government is not binding on states.
* FINANCE: IL&FS Energy Development Co has defaulted on payment of 46.69-mln-rupee interest on nonconvertible debentures that was due on Wednesday. Infrastructure Leasing & Financial Services was unable to
make a loan payment worth 250.85 mln rupees due Thursday.
* STEEL: Essar Steel Asia Holdings, the holding company of Essar Steel, has approached the National Company Law Tribunal asking it be allowed to plead its case before any orders are passed.
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* BANKING: The Reserve Bank of India on Thursday directed banks to start a facility where remitter of funds under the real time gross settlement will get a positive confirmation, assuring that funds are credited to the beneficiary account.
* FAST-MOVING CONSUMER GOODS: The Delhi High Court has for the time being lifted the ban on sale of electronic cigarettes and vaping devices in Delhi, saying that the advisory issued by the central government is not binding on states.
* FINANCE: IL&FS Energy Development Co has defaulted on payment of 46.69-mln-rupee interest on nonconvertible debentures that was due on Wednesday. Infrastructure Leasing & Financial Services was unable to
make a loan payment worth 250.85 mln rupees due Thursday.
* STEEL: Essar Steel Asia Holdings, the holding company of Essar Steel, has approached the National Company Law Tribunal asking it be allowed to plead its case before any orders are passed.
