Day: May 6, 2020

ASX dips as banks show weakness

wayne 9 months ago

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Trai begins open house talks, dialogue on floor price tariffs unlikely

wayne 9 months ago


Telecom regulator Trai on Wednesday resumed its customary open house discussion (OHD) on pending matters through videoconference but the issue of floor price of tariffs is unlikely to be taken up via online mode for now, till the ongoing situation arising from the Covid-19 pandemic stabilises, a source said.


The Telecom Regulatory Authority of India (Trai) source said the regulator may soon come out with a consultation paper dealing with bill shocks in international mobile roaming, that will seek to address the issues faced by consumers in terms of loss of connectivity, and high bills.


The modalities of the consultation paper will be finalised soon, and it may be released within a month.



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The Trai has, so far, lined up at least two OHDs – a standard practice followed by it to take verbal inputs from industry and public on specific issues – through video-conference for this month.


The source said in all probability an OHD will also be organised on the issue of “transparency in publishing of tariff offers”, by month end.

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Jet lenders to take a call on fresh EoIs, voting to conclude by May 18

wayne 9 months ago


Lenders of beleaguered Jet Airways will vote on calling for fresh expression of interest (EoI) for the defunct airline. The voting will conclude by May 18. If lenders decide in favour of fresh EoIs, this will be the third time they would have called for EoIs for Jet. The last two attempts have not yielded any positive result as none of the interested parties came forward with a concrete plan.


The criteria for bidding has also been revised. Bidders will need to have a net worth or assets under management of Rs 500 crore to be able to participate. The previous criteria was of Rs 1,000 crore.



This has been done because liquidation will not yield any value for lenders. Earlier, the bankruptcy tribunal had extended the corporate insolvency resolution process of Jet by 90 days. Jet’s 270 day CIRP ended in mid-March.


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The NCLT has already said that the period of lockdown will be excluded from the CIRP period so Jet will have ample time to call fresh EoIs. Earlier, South America based Synergy Group, New

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