SECTORS ALERT(02.04.2013)


* AUTOMOBILES: Honda Motorcycle and Scooter India reported a 14.6% year-on-year increase in total sales to 252,773 units in March.

* AVIATION: Malaysia 's AirAsia has opened international bookings for 2 mln seats from today, offering tickets as cheap as 3,300 rupees to south-east Asian destinations for travel next year.

* ECONOMY: Finance ministry's Chief Economic Adviser Rajan says India will need to raise savings and investments to revive the gross domestic product growth.

* EXPORTS: India 's exports are likely to rise 15-20% in 2013-14 (Apr-Mar), according to the Federation of Indian Exporters' Organisations.

* INDUSTRY: Department of Industrial Policy and Promotion Secretary Saurabh Chandra will chair the inter-ministerial committee for accelerating manufacturing in the micro, small and medium enterprises sector.

* INFRASTRUCTURE: Mumbai's second international airport in Navi Mumbai will get further delayed, as Maharashtra Chief Minister Prithviraj Chavan has said he cannot give a timeline for land acquisition.

* INSURANCE: Core investment companies will not have any ceiling for their investments in an insurance joint venture but the RBI has barred these entities from undertaking insurance agency business.

* MARKET: National Stock Exchange has decided to remove the price band on BHARAT ELECTRONICS, CONTAINER CORP OF INDIA, ENGINEERS INDIA, GUJARAT MINERAL DEVELOPMENT CORP, OIL INDIA , and SHIPPING CORP OF INDIA. The RBI has decided to merge the existing debt limits for foreign institutional investors into two broad categories--government debt and corporate debt.

* POWER: The Reserve Bank of India has agreed to a coupon rate of 8.9% for the bonds to be issued by state power distribution companies under the central government-sponsored debt recast scheme.

* RAILWAYS: Indian Railways carried 1.01 bln tn of freight in 2012-13 (Apr-Mar), up 40 mln tn over the last financial year.

* REGULATORY: RBI will meet bankers on Thursday for pre-policy discussions.