v To start consultation on new tariff
v SBI rights issue after April-June quarter
To start consultation on new tariff
The Airport Economic Regulatory Authority (Aera) is set to initiate a consultation process for putting a new tariff structure in place for airports next month and its rollout by August, the authority said on Sunday.
Area chairman Yashwant Bhave said the regulator will follow capital asset pricing methods to determine tariff and it will be different for each airport. “The new structure will be effective from July or August. We will follow capital asset pricing model to determine the tariff so that the return on investment for airport operators will be commensurate with the risk. It will be different for different airports”, Bhave said He said Area will consider the viability of the airport, quality of services, and concession agreements signed with the respective governments while determining the tariff.
SBI rights issue after April-June quarter
State Bank of India (SBI), India
“For this financial year, it will be too late, so it will happen next year. I don't think it will be in the first quarter”, O.P. Bhatt, SBI chairman, told reporters on the sidelines of an industry conference in Mumbai.
The issue, announced last February, will raise half the amount needed to sustain the bank's growth over the next five years.