* AUTO: Has priced the diesel variant of Amaze at an entry price of 599,000 rupees ex-showroom Delhi and petrol version at 499,000 rupees.
* AVIATION: Aircraft lease rentals for Indian carriers will go up, as leasing companies might opt for re-possession risk insurance on planes leased to local companies.
* BANKING: Finance Minister P. Chidambaram will today take stock on preparations by banks for government's Direct Benefits Transfer plan in 78 more districts in July.
- Finance ministry asks banks not to let board approvals delay decisions regarding stringent recovery measures.
- RBI to act against ICICI Bank, HDFC Bank, and Axis Bank based on the findings of non compliance while investigating alleged money laundering activities.
* BROADCAST: Telecom Regulatory Authority of India releases draft tariff order prescribing standard rates of rental for set-top boxes and consumer premise equipment.
* CAPITAL MARKETS: Citi Group Global Markets Mauritius pays SEBI 10 mln rupees to settle non compliance charges in Satyam Computer Services insider trading case.
- The National Stock Exchange plans to go global through partnerships and is in talks with potential partners in different markets to explore new business opportunities.
* DISINVESTMENT: The government may start disinvestment in Hindustan Aeronautics through an IPO by December.
* ENGINEERING: Sinoma International Engineering ( Hong Kong ) Ltd has bought 68% in Chennai-based equipment manufacturer LNV Technology for 1.3 bln rupees.
* FMCG: Air conditioner sales seen flat due to price hikes and a late summer.
* INFRASTRUCTURE: The Department of Industrial Policy and Promotion ropes in chambers of industry to draw a list of projects in the manufacturing sector facing delays, which will then be referred to the Cabinet Committee on Investment for consideration.
* INFORMATION TECHNOLOGY: Gartner says Jan-Mar global personal computers shipment down 11% on year to 79.2 mln units.
* INSURANCE: Prime Minister Manmohan Singh says that the Indian government is committed to hiking foreign direct investment limit in the insurance sector.
* METAL: Essar Steel to refinance 200-bln-rupee debt by September.
* MUTUAL FUNDS: Public sector banks fret as mutual funds' debt assets outpace fixed deposits.
* OIL & GAS: Pulok Chatterjee, principal secretary to the Prime Minister, will hold a meeting on Monday to discuss various issues related to India-Iran economic ties, with sourcing of oil and gas from Iran being a key agenda.
* PORTS: The Cabinet will soon approve two new deep sea ports in West Bengal and Andhra Pradesh with capacity of 116 mln tn and investment of 205 bln rupees.
* POWER: Government may make it mandatory for foreign companies bidding to sell power equipment to ultra mega and other power projects in India to shift production to the country in a phased manner.
- Government may introduce a diluted version of the coal price pooling mechanism, making it applicable only to power projects commissioned between April 2009 and March 2015 as well as a handful of other stranded projects.
- Planning Commission will hold a meeting today with senior power ministry officials to decide on power generation and capacity addition targets for 2013-14 (Apr-Mar).
- Odisha government has formed teams that will do field survey of projects proposed by 30 steel firms and seven independent power producers.
* RETAIL: Wal-Mart says did not pay bribe for starting operations in India . The Income Tax Department accuses Ikea of understating 2008-09 (Apr-Mar) profit by 85%.
* REGULATORY: SEBI has started collating all key data on domestic corporate bonds, but is finding it hard to get data on defaults.
* TELECOM: Planning Commission Deputy Chairman Montek Singh Ahluwalia suggests that the government should seek the view of the TRAI on setting the
base price for auctioning spectrum.
