SECTORS NEWS TODAY – 06.09.2016
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
Click Here & Register To Get 2 days Trial Tips
* BANKING: RBI said it suspended receipt of fresh applications from banks and non-banks for grant of authorisation to operate a payments system for pre-paid payment instrument till Feb 28, 2017. Reserve Bank of India Governor Raghuram Rajan opposed the idea of the central bank paying a special dividend to the government, saying it will not reduce the overall government bond sales to the public.
* ECONOMY: A structurally low inflation rate will positively impact India's rating profile as it would improve the investment climate in the country, ratings agency Fitch said. The government is committed to easing regulations for foreign portfolio investors in India, said Praveen Garg, joint secretary, Department of Economic Affairs, Ministry of Finance.
The special investigation team on black money has asked the Reserve Bank of India to establish an
institutional mechanism for sharing data with enforcement authorities in order to cross check data and
curb illicit financial flows.
* OIL & GAS: India will likely begin auction of its major oil and gas blocks early next year under its fresh Hydrocarbon Exploration Licensing Policy, sources said.
* Gujarat State Petroleum Corp is considering hiving off its deep-water block in Krishna-Godavari Basin into a separate company ahead of its planned sale of majority stake in the project to OIL & NATURAL GAS CORP.
* POWER: Power plants of nine companies, including GVK POWER & INFRASTRUCTURE, LANCO INFRATECH and GMR INFRASTRUCTURE, have emerged winners in the fourth phase of bidding for subsidised gas to power plants, government sources said.
* REAL ESTATE: The Supreme Court has asked Sahara Group to reveal the source of the 230 bln rupees it claims to have refunded to its investors, following the apex court's judgment in 2012.
* STEEL: The government is unlikely to extend the minimum import price on certain steel products
beyond Oct 4 as these items could be covered under anti-dumping duty, an official said.
* TELECOM: Tata Group has moved the Delhi High Court to prevent international arbitration award in favour of Japan's NTT Docomo, reigniting the spat between the two partners.
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
* BANKING: RBI said it suspended receipt of fresh applications from banks and non-banks for grant of authorisation to operate a payments system for pre-paid payment instrument till Feb 28, 2017. Reserve Bank of India Governor Raghuram Rajan opposed the idea of the central bank paying a special dividend to the government, saying it will not reduce the overall government bond sales to the public.
* ECONOMY: A structurally low inflation rate will positively impact India's rating profile as it would improve the investment climate in the country, ratings agency Fitch said. The government is committed to easing regulations for foreign portfolio investors in India, said Praveen Garg, joint secretary, Department of Economic Affairs, Ministry of Finance.
The special investigation team on black money has asked the Reserve Bank of India to establish an
institutional mechanism for sharing data with enforcement authorities in order to cross check data and
curb illicit financial flows.
* OIL & GAS: India will likely begin auction of its major oil and gas blocks early next year under its fresh Hydrocarbon Exploration Licensing Policy, sources said.
* Gujarat State Petroleum Corp is considering hiving off its deep-water block in Krishna-Godavari Basin into a separate company ahead of its planned sale of majority stake in the project to OIL & NATURAL GAS CORP.
* POWER: Power plants of nine companies, including GVK POWER & INFRASTRUCTURE, LANCO INFRATECH and GMR INFRASTRUCTURE, have emerged winners in the fourth phase of bidding for subsidised gas to power plants, government sources said.
* REAL ESTATE: The Supreme Court has asked Sahara Group to reveal the source of the 230 bln rupees it claims to have refunded to its investors, following the apex court's judgment in 2012.
* STEEL: The government is unlikely to extend the minimum import price on certain steel products
beyond Oct 4 as these items could be covered under anti-dumping duty, an official said.
* TELECOM: Tata Group has moved the Delhi High Court to prevent international arbitration award in favour of Japan's NTT Docomo, reigniting the spat between the two partners.
