* AUTOMOTIVE: Italian carmaker Fiat SpA is conducting a feasibility study on the prospects of turning India into an export hub for its US unit Chrysler Group LLC.
* AVIATION: Air India is looking at starting courier services for central and state governments by Oct-Mar.
* BANKING: A confidential report prepared by the Reserve Bank of India on the Cobrapost expose in March on HDFC BANK, AXIS BANK, and ICICI BANK has shown violations of regulatory norms.
* DEFENCE: The defence ministry has floated a tender expected to be worth over 120 bln rupees, to replace Indian Air Force's Avro planes with 56 new aircraft.
* FOREIGN DIRECT INVESTMENT: The Ministry of Commerce and Industry has said any change being contemplated by the Ministry of Finance in the definition of 'control and ownership' of an Indian company for foreign direct investment purposes must be done "prospectively".
- Minimum investment requirement of 50% of the total FDI brought in to be invested in the back-end operations by multi-brand retailers would be applicable only to the first tranche of investment.
* INDUSTRY: Contrary to general perception, India is witnessing a recovery in investments and the pick-up will be both reasonably robust and sustainable, Credit Suisse said.
* INFORMATION TECHNOLOGY: Nasscom hopes that Indian information technology sector may be able to influence US lawmakers to change in its favour some of the negative provisions of the draft US immigration bill.
- According to Gartner, spending on the information technology infrastructure in the country is estimated to grow 9.7% on year to $2.1 bln in 2013.
* INFRASTRUCTURE: Companies in the sector are calling the government to set up an independent body to alter existing contracts under the public-private partnership model.
* PUBLIC SECTOR: Government has set the capital expenditure target for cash-surplus central public sector enterprises at 1.42 trln rupees for 2013-14 (Apr-Mar).
- The Prime Minister's Office has directed central public sector undertakings to invest excess funds or pay higher dividend.
* REAL ESTATE: Goldman Sachs has exited $6-bln entity level investment in Delhi-based real estate firm Vatika Group after staying invested for over five years.
* REGULATORS: SEBI has extended the deadline for implementation of the new guidelines on companies' employee stock options scheme to Dec 31 from Jun 30.
* MINING: India may be able to export just 2.0-4.0 mln tn of iron ore in 2013-14 (Apr-Mar), despite Supreme Court allowing some mines in Karnataka to resume operations, said Federation of Indian Mineral Industries.
