* AUTOMOTIVE: Johnson Controls has bought 50% stake owned by Tata Autocomp Systems in Tata Johnson Controls Automotive. Honda Motorcycle inaugurated a new 2-wheeler plant at Bengaluru with initial capacity of 1.2 mln units per year. Renault India has issued a recall for 7,016 cars of its Pulse hatchback and Scala sedan models produced at its Oragadam plant in Chennai to replace a faulty master brake cylinder in these vehicles.
* AVIATION: The Government is considering allowing scheduled regional airlines to induct smaller aircraft for deployment on regional routes.
* BANKING: The Income Tax Department has issued notices to HDFC BANK, ICICI BANK and AXIS BANK seeking details of regulatory violations.
* ENERGY: The government may start auction of coal blocks for non-power sector end of June. Award of blocks under government dispensation will start shortly. Oil Minister Veerappa Moily said the ministry has recommended a new uniform gas price which could be in the range of $6-$7 per mmBtu.
* EXCHANGES: Universal Commodity Exchange, the country's youngest commodity futures bourse that became operational last month, is in talks with Dubai-based bullion trader Harish Pawani to sell 5% stake in the exchange.
* INDUSTRY: Prime Minister Singh has said Japanese companies investing more in India will be in the economic and strategic interest of both the countries.
* INFORMATION TECHNOLOGY: INFOSYS has slipped to third position after Cognizant replaced it to become the country's second-largest IT company in terms of revenue, Gartner said.
* MICROFINANCE: Gross loan portfolio grew 23% in the year ended March, as against the 14% decline in 2011-12 (Apr-Mar), a study showed.
* PORTS: Jawaharlal Nehru Port Trust is expected to invite bids for construction of a container terminal valued at around 90 bln rupees next week, and the trustees of the port will meet on Wednesday to take a decision on the bids.
* REGULATORY: SEBI has begun the process of refunding money to genuine investors of two Sahara group companies after verifying their genuineness.
* RETAIL: Walmart Stores Inc looks set to become the first foreign company to invest in multi-brand retail by buying a 49% stake in Cedar Support Service, the holding company for Bharti Retail, in September, for 4.56 bln rupees.
* TAX: Finance Minister P. Chidambaram has said Central Board of Direct Taxes has assured it will try to exceed the tax collection target for 2013-14 (Apr-Mar). Goods and Services Tax will be implemented only after the new government comes to power following the general elections next year.
* TELECOM: American Tower Corp is close to acquiring Tower Vision, a standalone telecom tower company owned by a group of international financial investors, for 32 bln rupees.
* AVIATION: The Government is considering allowing scheduled regional airlines to induct smaller aircraft for deployment on regional routes.
* BANKING: The Income Tax Department has issued notices to HDFC BANK, ICICI BANK and AXIS BANK seeking details of regulatory violations.
* ENERGY: The government may start auction of coal blocks for non-power sector end of June. Award of blocks under government dispensation will start shortly. Oil Minister Veerappa Moily said the ministry has recommended a new uniform gas price which could be in the range of $6-$7 per mmBtu.
* EXCHANGES: Universal Commodity Exchange, the country's youngest commodity futures bourse that became operational last month, is in talks with Dubai-based bullion trader Harish Pawani to sell 5% stake in the exchange.
* INDUSTRY: Prime Minister Singh has said Japanese companies investing more in India will be in the economic and strategic interest of both the countries.
* INFORMATION TECHNOLOGY: INFOSYS has slipped to third position after Cognizant replaced it to become the country's second-largest IT company in terms of revenue, Gartner said.
* MICROFINANCE: Gross loan portfolio grew 23% in the year ended March, as against the 14% decline in 2011-12 (Apr-Mar), a study showed.
* PORTS: Jawaharlal Nehru Port Trust is expected to invite bids for construction of a container terminal valued at around 90 bln rupees next week, and the trustees of the port will meet on Wednesday to take a decision on the bids.
* REGULATORY: SEBI has begun the process of refunding money to genuine investors of two Sahara group companies after verifying their genuineness.
* RETAIL: Walmart Stores Inc looks set to become the first foreign company to invest in multi-brand retail by buying a 49% stake in Cedar Support Service, the holding company for Bharti Retail, in September, for 4.56 bln rupees.
* TAX: Finance Minister P. Chidambaram has said Central Board of Direct Taxes has assured it will try to exceed the tax collection target for 2013-14 (Apr-Mar). Goods and Services Tax will be implemented only after the new government comes to power following the general elections next year.
* TELECOM: American Tower Corp is close to acquiring Tower Vision, a standalone telecom tower company owned by a group of international financial investors, for 32 bln rupees.
