Daily Sector News Today – 27.09.2017
* AUTOMOBILE: Skoda Auto has said it will take the lead in developing a low-cost 'Eco' car platform for the Volkswagen Group to serve cost-sensitive markets like India.
* BANKING: Citibank and Standard Chartered Bank have picked up stake in financial messaging service SWIFT India Domestic Services.
* ECONOMY: Department of Industrial Policy and Promotion has set up a monitoring mechanism under Invest India to review investments coming into the country.
* EXCHANGE: The National Commodity and Derivatives Exchange will waive the transfer fee for equity markets and commodity derivatives in the wake of integration of broking activities, the exchange said in a circular.
* FMCG: Food Safety and Standards Authority of India has released its guidelines on the permissible
moisture, ash, and acid content for cereal and cereal products, refined flour, and instant noodles.
* INFRASTRUCTURE: Delhi government will soon send a proposal for the fourth phase of metro rail services to the Union Ministry of Housing and Urban Affairs for its consideration and approval.
* POWER: Siemens Gamesa India has won an engineering-procurement-construction contract from a
power producer to develop India's first large commercial wind-solar hybrid power project in
Karnataka.
* TELECOMMUNICATIONS: Tata group is not looking to sell its telecom business in its entirety, but will retain some valuable segments within the business. The telecom regulator has rejected a request by operators for an additional six months to implement a new penalty regime for call drops, which is set to kick in from Sunday
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* BANKING: Citibank and Standard Chartered Bank have picked up stake in financial messaging service SWIFT India Domestic Services.
* ECONOMY: Department of Industrial Policy and Promotion has set up a monitoring mechanism under Invest India to review investments coming into the country.
* EXCHANGE: The National Commodity and Derivatives Exchange will waive the transfer fee for equity markets and commodity derivatives in the wake of integration of broking activities, the exchange said in a circular.
* FMCG: Food Safety and Standards Authority of India has released its guidelines on the permissible
moisture, ash, and acid content for cereal and cereal products, refined flour, and instant noodles.
* INFRASTRUCTURE: Delhi government will soon send a proposal for the fourth phase of metro rail services to the Union Ministry of Housing and Urban Affairs for its consideration and approval.
* POWER: Siemens Gamesa India has won an engineering-procurement-construction contract from a
power producer to develop India's first large commercial wind-solar hybrid power project in
Karnataka.
* TELECOMMUNICATIONS: Tata group is not looking to sell its telecom business in its entirety, but will retain some valuable segments within the business. The telecom regulator has rejected a request by operators for an additional six months to implement a new penalty regime for call drops, which is set to kick in from Sunday
