* AUTOMOBILES: General Motors to roll out multi-purpose vehicle Enjoy, and Sail Sedan soon.
* AVIATION: Fares may get cheaper as Spice Jet's mega ticket sale at 2,013 rupees a ticket triggers rate war. British Airways in talks with IndiGo for ticketing and baggage-sharing deal. Air India is expected to join the Star Alliance in a few months.
* BANKING: The Reserve Bank of India asks banks to charge prepayment penalty only on the outstanding amount of home loans with fixed rates. Government may hike annual target of banks for lending to the agriculture sector by 22% to 7 trln rupees in the Budget in view of the revised classification of priority sector loans. An RBI committee has suggested banks offer home loan products with a repayment period of 30 years.
* BUDGET: Ministries may seek only a nominal increase in their allocations for 2013-14 (Apr-Mar). Power sector seeks a rollback of import duty on equipment for mega projects. The government is considering hiking duties on imported electronic items.
* DISTILLERIES: John Distilleries scouts for foreign partners.
* ECONOMY: Finance Minister P. Chidambaram has reassured global investors about continuation of the economic reforms and efforts to rein in fiscal deficit.
* HOSPITALS: Spice Global plans to foray into healthcare, and set up a hospital in New Delhi at an investment of 4 bln rupees.
* HOUSING: Ministry of Housing and Urban Poverty Alleviation is considering rising the cap on the interest subsidy scheme for home loans to the poor to 500,000 rupees from the present 100,000 rupees.
* INFRASTRUCTURE: Ministry of environment and forests grants in-principle forest clearance to four highway projects, including the one that GMR INFRASTRUCTURE had recently exited.
* MARKETS: Institutional investors reject UTI Mutual Fund's choice of Leo Puri as chief executive officer. The Singapore Exchange and the National Stock Exchange are likely to end their more than a decade-old exclusive tie-up, paving the way for both the exchanges to explore opportunities with other regional exchanges.
* METALS & MINING: Supreme Court on Tuesday indicated that it may hand over the issue of granting a prospective iron ore licence to South Korea 's Posco back to the central government.
* OIL & GAS: Oil marketing companies seek regulations that prevent bulk diesel users from securing the fuel from retail outlets.
* PHARMACUETICALS: Serum Institute of India to offer polio immunization shots at 50 rupees, under-cutting Pfizer and GlaxoSmithKline. No clinical trials will be approved in India for at least two months, by which time the health ministry has to define a regulatory regime for such tests.
* REGULATORY: A committee set up by the RBI has said banks can consider offering fixed rate long-tenure loan products with a periodic reset provision after every 7-10 years. The Securities and Exchange Board of India plans to make it mandatory for companies with an initial public offer size of less than 5 bln rupees to appoint a monitoring agency to keep track of the use of funds.
* RETAIL: The Supreme Court asks the government how it plans to safeguard interest of small traders in the face of the new retail foreign direct investment policy. Luxury fashion brand Prada said to be in talks for partners to foray into India .
* TAXATION: Government hikes excise duty on gold bar made from dore bar to 5% from 3%.
* TELECOM: Companies threaten to stop roaming services if the government forces them through a policy to offer it free.
