A look at the headlines in the sector right now:
- Reliance Industries fined $1.55-billion for selling ONGC natural gas: The oil ministry has given the company 30 days to respond to the notice.
- Non-bailable warrant issued against Vijay Mallya in FERA violation case: The court said the former liquor baron had no regard for Indian law and had no intention of returning to the country.
- State-owned electric companies to stop importing coal from next financial year, says Coal Secretary: Anil Swarup said the entry of the private sector into commercial mining was being delayed by low demand and capacity maximisation by public-run Coal India.
- New UK visa rules for non-EU citizens set to affect Indian professionals: The changes include raised salary thresholds for different categories, and modified English language requirements.
- Petroleum dealers threaten to go on nation-wide strike on November 15: The Consortium of Indian Petroleum Dealers have demanded higher commissions.
- Centre raises Rs 2,100 crore from Larson & Toubro stake sale: The transaction is part the government's attempt to raise around Rs 56,500 crore from asset sales before the end of this financial year.
- Released 17,000 interconnection points to Reliance Jio in time, says Airtel: The development follows the Telecom Regulatory Authority of India recommending a Rs 1,050-crore penalty for reportedly denying network connectivity to the new entrant.
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