Daily Sector News Today – 11.08.2017

Daily Sector News Today – 11.08.2017

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* AVIATION: Mumbai International Airport, in which a GVK group company holds
50.5% stake has restructured its 106-bln rupees loan portfolio with its consortium of
bankers.

* BANKING: Export-Import Bank of India raised $400 mln through the issuance of
five-year floating-rate Formosa bonds.

* ECONOMY: For 2018-19 (Apr-Mar), the government has projected lower capital
spending by the department of financial services. Most of the department's spending
goes towards the capitalisation of public sector banks.

* E-COMMERCE: Flipkart has risen around $2.5 bln from SoftBank Vision Fund.

* FMCG: The Future Group is exploring the possibility of a $300 mln dollar bond issue
through one of its entities.

* INFRASTRUCTURE: The government plans to set up an independent financial
institution to cater exclusively to the roads and highways sector along the lines of
Power Finance Corp, Union Road Minister Nitin Gadkari said.

* OIL & GAS: The price of petrol has been hiked by 31 paise per ltr for Friday to 67.27
rupees, ex-Delhi, according to information on INDIAN OIL CORP's website.

* PHARMACEUTICALS: Intas Pharmaceuticals is bidding for Teva's women's health,
oncology and pain management divisions in Europe for $1.5 bln.

* RAILWAYS: The Ministry of Railways has approved three projects worth a total of
over 21 bln rupees that include doubling of two tracks and building a flyover.

* REALTY: The Tamil Nadu government has approved the Tamil Nadu Real Estate
(Regulation and Development) Rules, 2017, to carry out the provisions of the Real
Estate (Regulation and Development) Rules Act 2016.
 - Developers in Maharashtra who missed two previous deadlines for registering their
ongoing projects will have to pay at least 100,000 rupees as penalty for delaying
applications.

* REGULATORY: The Securities Appellate Tribunal has stayed the order of Securities
and Exchange Board of India's of Aug 7 against J. KUMAR INFRAPROJECTS and
PRAKASH INDUSTRIES.
 - The Supreme Court has refused to stall the auction of Sahara Group's Aamby
Valley project till September; even though the company pleaded that it has found a
buyer who may buy 26% equity in the project for $1.67 bln.