* AUTO: Hyundai Motors to launch compact car in India positioned between i10 and i20 to boost presence in the small car space.
* AVIATION: Air India will hive off two of its subsidiaries involved in ground-handling, and maintenance, repair and overhaul into separate profit centres.
* ECONOMY: RBI Governor D. Subbarao said that there was "certainly" no comfort in the prevailing level of wholesale price index based inflation.
* GOVERNMENT: Cabinet Committee on Investment, after its first ever meeting, has directed the defence and oil ministries to resolve their differences so that work on 39 oil and gas blocks could be expedited.
* INVESTMENT: Government is planning to simplify foreign investment regime wherein foreign investment in a company in excess of 10% of its equity should be considered strategic investment and less than that as portfolio investment.
* RAILWAYS: The government's proposed pooling of domestic and international coal prices to make costly imports viable would erode Indian Railway's freight earnings by 22 bln rupees over the next two years. TATA GROUP, L&T AND RELIANCE INDUSTRIES LTD along with Hyderabad-based Navayuga Engineering Co have expressed interest in the Indian Railways' 25 bln rupee port connectivity project.
* TELECOM: The Income Tax Department said Nokia India may have flouted transfer pricing norms apart from income tax violations. A special trail court will on Feb 11 consider the matter of taking cognisance of the chargesheet in the excess spectrum case.
