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17 January Morning News
NEWS UPDATES
Divestment Secretary Ravi Mathur says
-To sell 10 percent stake in IOC to oil companies via block deals
-Working very complex to meet FY14 divestment target
- Engineers India road-shows to commence soon
Oil Minister M Veerappa Moily
-Yet to decide on quantum of stake to be picked by Oil India , ONGC
-Modalities for IOC divestment to be worked out
-Empowered Group of Ministers (EGoM) in-principle cleared block deal for IOC divestment
-IOC divest modalities to be worked out in-line with SEBI norm
ONGC, Oil India to buy 10 percent in IOC in 50:50 or 60:40 ratio
-Companies’ boards to decide on ratio of IOC share block deal
Loop Mobile‘s negotiations with Bharti to sell out in last lap
-Loop Mobile-Bharti await clarity on spectrum trading
-Loop Mobile-Bharti await clarity on spectrum user charge (SUC)
-Industry observers surprised at Loop staying out of 900 MHz band auction
-Industry insiders say Loop decision to stay out of auction linked to potential sale
-Loop mobile expects clarity from TDSAT decision
-Telecom Disputes Settlement & Appellate Tribunal (TDSAT) decision expected by next week
-Loop Mobile-Bharti deal likely post spectrum auction
-Loop Mobile valuation linked to spectrum auction
Supreme Court
-Allows CBI to start sending letter rogatory in coal block case
-Asks ED & CBI to share coal probe details
-Directs ED to submit report by February 8
-To consider CBI’s coal case probe report on February 10
SBI , Export-Import Bank of Korea sign loan pact for line of credit
- SBI says to avail USD 200 million revolving line of credit from Korea Export-Import Bank
Coal ministry
-To review 61 blocks with private companies on delay in development
-To review blocks of Tata Steel , Hindustan Zinc
-To review blocks of Tata Power , Hindalco Industries
-To review blocks of Jindal Steel , JSW Steel , ACC
-To review blocks of GVK Power , Jaiprakash Associates
-To review blocks of Monnet Ispat , Bhushan Steel
Dewan Housing to mull interim dividend on January 20
Telecom Regulatory Authority of India (TRAI) to meet telecom CEOs on January 21
-TRAI to meet telecom CEOs to discuss spectrum trading rules
-TRAI to finalise spectrum trading rules before auctions -2 contentious issues in draft spectrum trading rules
-2 issues including ban on trading administratively acquired spectrum
-2 issues including necessity for companies to trade entire spectrum block
Original Post
NEWS UPDATES
Divestment Secretary Ravi Mathur says
-To sell 10 percent stake in IOC to oil companies via block deals
-Working very complex to meet FY14 divestment target
- Engineers India road-shows to commence soon
Oil Minister M Veerappa Moily
-Yet to decide on quantum of stake to be picked by Oil India , ONGC
-Modalities for IOC divestment to be worked out
-Empowered Group of Ministers (EGoM) in-principle cleared block deal for IOC divestment
-IOC divest modalities to be worked out in-line with SEBI norm
ONGC, Oil India to buy 10 percent in IOC in 50:50 or 60:40 ratio
-Companies’ boards to decide on ratio of IOC share block deal
Loop Mobile‘s negotiations with Bharti to sell out in last lap
-Loop Mobile-Bharti await clarity on spectrum trading
-Loop Mobile-Bharti await clarity on spectrum user charge (SUC)
-Industry observers surprised at Loop staying out of 900 MHz band auction
-Industry insiders say Loop decision to stay out of auction linked to potential sale
-Loop mobile expects clarity from TDSAT decision
-Telecom Disputes Settlement & Appellate Tribunal (TDSAT) decision expected by next week
-Loop Mobile-Bharti deal likely post spectrum auction
-Loop Mobile valuation linked to spectrum auction
Supreme Court
-Allows CBI to start sending letter rogatory in coal block case
-Asks ED & CBI to share coal probe details
-Directs ED to submit report by February 8
-To consider CBI’s coal case probe report on February 10
SBI , Export-Import Bank of Korea sign loan pact for line of credit
- SBI says to avail USD 200 million revolving line of credit from Korea Export-Import Bank
Coal ministry
-To review 61 blocks with private companies on delay in development
-To review blocks of Tata Steel , Hindustan Zinc
-To review blocks of Tata Power , Hindalco Industries
-To review blocks of Jindal Steel , JSW Steel , ACC
-To review blocks of GVK Power , Jaiprakash Associates
-To review blocks of Monnet Ispat , Bhushan Steel
Dewan Housing to mull interim dividend on January 20
Telecom Regulatory Authority of India (TRAI) to meet telecom CEOs on January 21
-TRAI to meet telecom CEOs to discuss spectrum trading rules
-TRAI to finalise spectrum trading rules before auctions -2 contentious issues in draft spectrum trading rules
-2 issues including ban on trading administratively acquired spectrum
-2 issues including necessity for companies to trade entire spectrum block
Original Post