* AVIATION: Air India has vacated its Mumbai headquarters and has shifted Its corporate office to New Delhi .
-IndiGo Airlines has criticised the government's move to cap lowest and highest airfares and said the airline will increase its capacity 16% in 2013-14 (Apr-Mar).
-American Airlines and US Airways have announced $11-bln merger to create the world's largest airline.
* DEFENCE: The 37.60-bln-rupee helicopter scam may affect the Indian expansion plans of Italian firm Finmeccanica-as AgustaWestland, the company accused of bribing Indian officials--is its UK arm.
-Government has threatened to cancel its contract with AgustaWestland and blacklist the firm if investigations reveal that money changed hands for clinching the helicopter deal.
-Central Bureau of Investigation has received documents pertaining to the Finmeccanica defence bribery case and is set to register a preliminary enquiry into the case today.
* EDUCATION: Manipal Global Education Services will buy back all the financial investments made by investors, including Azim Premji and N.R. Narayana Murthy, in a deal worth $270 mln.
* FAST MOVING CONSUMER GOODS: Berkshire Hathway and 3G Capital have agreed to buy H.J. Heinz for around $23 bln.
* INSURANCE: Leading life insurance companies such as HDFC Life, Birla Sun Life and ICICI Prudential have shown interest in buying HSBC's stake in Canara HSBC Oriental Bank of Commerce Life Insurance Co.
* INVESTMENT: Despite government curbs on gold import, India is seen buying 11% more gold in tonnage during 2013, a World Gold Council official has said.
* MINING: The mines ministry has told the Odisha government that its decision of making compulsory sale of at least 50% iron ore produced in the state to local industries does not have a legal backing.
* POLITICS: Janata Party President Subramanian Swamy has moved a trial court seeking prosecution of Congress President Sonia Gandhi, Vice-President.
-Rahul Gandhi and some others for allegedly misappropriating properties owned by Associated Journals Ltd, worth over 50 bln rupees.
* REGULATORY: The Reserve Bank of India has revised norms for gold deposit schemes offered by banks. The Securities and Exchange Board of India has fined 118 entities in Bank of Rajasthan case and has slammed four ex-promoters of the bank with a fine of 50 mln rupees each.
-SEBI has extended market pre-open sessions to all shares and has also allowed illiquid shares to be traded through periodic call auction.
-Saumitra Chaudhuri Committee is looking at omitting those items from the basket used to collate Index of Industrial Production data that are not produced or reported regularly and those products that do not contribute much to the index.
* RETAIL: US-based firm Walmart Stores plans to increase outsourcing of software development and back-office projects to India .
* TAXES: The head of the empowered committee of state finance ministers on Goods and Services Tax has said that there is broad consensus on amending the constitution for GST.
-Government may set aside 120 bln rupees in the Union Budget 2013-14 (Apr-Mar) to compensate states for losses they incurred on reduction in central sales tax rate.
* TELECOM: The Supreme Court has rejected curative petitions filed by SISTEMA SHYAM TELESERVICES, VIDEOCON TELECOMMUNICATIONS, TATA TELESERVICES, IDEA CELLULAR and former Telecom minister A. Raja, who had sought a re-look into the apex court's Feb 2, 2012 verdict quashing 122 2G licenses issued after 2008.
-Finance Ministry is likely to seek cabinet's permission to enter into discussions with Vodafone Plc to settle the long-running $2-bln tax dispute with the Indian government.
* TRADE: Commerce, Industry & Textiles Minister Anand Sharma has said negotiations on the free-trade agreement with the European Union may be concluded in the next few months.
