* AVIATION: Wadia Group promoted Go Air budget carrier is mulling introduction of flights to tier-II and tier-III cities.
* GOVERNMENT: The first meeting of the Cabinet Committee on Investment is scheduled today. It would take up about 40 proposals, particularly pertaining to the oil ministry.
* FINANCE: National Housing Bank has cut its prime-lending rate by 25 basis points to 9.75%, and also reduced its refinance rates by 25 bps. Royal Bank of Scotland has cut its Base Rate by 75 basis points to 9%.
* FMCG: L'Oreal hopes to accelerate growth in India by making products specific to the market including those that draw insight from Ayurveda.
* MEDIA: The TV18 Group and Disney UTV are setting up joint venture for aggregation and distribution of their content and will provide 35 channels across the cable, DTH and HITS platforms.
* PROPERTY: The Goa government has adopted a new policy of discouraging indirect purchase of land by foreign nationals and has decided to scrutinise all land deals that have taken place in the past.
* REGULATORY: The Reserve Bank of India has said it will issue a notification clarifying banks' perpetual bond issues under Basel III capital norms.
* TAXES: The finance ministry is considering amending the Income Tax Act where companies will be spared from paying penalty and interest on taxes levied on indirect transfer of Indian assets through sale of shares abroad.
* TELECOM: All private mobile phone operator companies have opposed the telecom department's move to approach the Cabinet to seek 230-bln-rupee bailout for BSNL and MAHANAGAR TELEPHONE NIGAM LTD.
