* AVIATION: AirAsia Berhad's Group Chief Executive Officer Fernandes has said that a CEO for its planned joint venture in India has been selected.
* BANKING: HSBC Holdings Plc said it has provided details of the US-based clients of its group company in India to the US Internal Revenue Service.
* EXCHANGE: The United Stock Exchange has received shareholders' approval for raising further capital and bringing in additional shareholders.
* FERTILISER: Kumar Mangalam Birla is considering buying a fertiliser plant in the US .
* FMCG: CavinKare is in talks with private equity investors to raise 3.5 bln rupees to fund its expansion plans.
* GOVERNMENT: The Agricultural Debt Waiver and Debt Relief Scheme had inclusion and omission errors that have raised "serious concerns" about the implementation of the scheme, the Comptroller and Auditor General of India said. Government may divest stake in the company, RASHTRIYA CHEMICALS AND FERTILIZERS, and HMT in 2013-14 to meet minimum public shareholding norm.
* INSURANCE: New India Assurance to offer 5% discount for motor car insurance purchased online.
* OIL AND GAS: Strategic crude oil reserves projects at Visakhapatnam , Mangalore and Padur are likely to be commissioned progressively during 2013-14 and 2014-15. Government has expanded the Non-Domestic Exempted Category for subsidised cooking gas sales to include among others, messes of the police force, paramilitary forces, laboratories of schools, colleges, and research institutions. - The Delhi High Court has called for a review of Ishar Gasoil Pvt Ltd's bids for three oil and gas blocks on offer in the bidding under the country's New Exploration Licensing Policy.
- India has sought Kazakhstan government's support for OIL AND NATURAL GAS CORP's overseas subsidiary ONGC Videsh's plan to buy ConocoPhillips Co's 8.4% stake in the Kashagan oilfield.
* REGULATORY: SEBI has constituted a 16-member high-level committee headed by former Karnataka High Court Chief Justice N.K. Sodhi to review the insider trading regulations.
- RBI has said all companies can avail overseas borrowings under the automatic route, notwithstanding any pending investigations, adjudications or appeals by law enforcing agencies against them.
* RETAIL: Kishore Biyani-led Future Group has shut nine Big Bazaar and five Food Bazaar stores in 2012 to improve profitability.
* TAXATION: The government will make electronic filing of income tax returns mandatory for people with annual income of above 500,000 rupees. Mauritius ' Ministry of Finance and Economic Development has said the country is committed and willing to collaborate fully to address the concern of the Indian side on the Double Taxation Avoidance Convention while ensuring that the treaty remains commercially viable.
* TELECOM: GSM operators term Department of Telecommunications' decision to allow broadband players to offer voice services as illegal.
