* AUTOMOBILES: Mercedes Benz has launched its 'A Class' luxury hatchback, which is priced between 2.19 mln rupees and 2.27 mln rupees (ex-showroom Mumbai), in India.
* COMMODITIES: Sub-committee of the government-appointed advisory committee on commodity futures trade has recommended appointing aggregators and giving preferential treatment to hedgers.
* CORPORATES: RBI has tightened the norms for bank loan recast by hiking the provisioning norms and increasing the minimum amount of promoter sacrifices
in such cases.
* ENERGY: Petrol prices may be hiked by up to 1 rupee a litre this week as the rupee ended just above its 10-month low, making oil imports costlier.
* REGULATORY: SEBI has allowed companies to announce an offer for sale just a day ahead of the proposed share sale, and also on Sunday. SEBI relaxed the framework for securities lending and borrowing scheme, allowing shares of more companies to be eligible for the segment in which only stocks with derivatives are eligible at present.
- SEBI chairman Sinha asked to appear before Parliament Standing Committee on Finance to share views on regulations to curb the activity of chit fund companies.
- RBI Governor Subbarao said high current account gap remains the biggest risk to the country's economy and that the deficit is seen at 5% of gross domestic product in 2012-13 (Apr-Mar).
- RBI Subbarao accepted money laundering allegations made against certain banks had some truth in them, but at the same time asserted that banks could not be held accountable for detecting such transactions.
* ROADS: The ministry plans to break up the 555-km Kishangarh-Udaipur-Ahemdabad project, from which GMR INFRASTRUCTURE had pulled out last year, into two or more projects and rebid them separately to make them a viable proposition.
* TRADE: The country's total wheat exports in the current financial year are likely to fall to around 3.5 mln tn from an estimated 6.9 mln tn in 2012-13 (Apr-Mar).
* POLITICS: Prime Minister Manmohan Singh was re-elected to Rajya Sabha for the fifth consecutive term as Congress won both the seats to the Upper House from Assam .
* COMMODITIES: Sub-committee of the government-appointed advisory committee on commodity futures trade has recommended appointing aggregators and giving preferential treatment to hedgers.
* CORPORATES: RBI has tightened the norms for bank loan recast by hiking the provisioning norms and increasing the minimum amount of promoter sacrifices
in such cases.
* ENERGY: Petrol prices may be hiked by up to 1 rupee a litre this week as the rupee ended just above its 10-month low, making oil imports costlier.
* REGULATORY: SEBI has allowed companies to announce an offer for sale just a day ahead of the proposed share sale, and also on Sunday. SEBI relaxed the framework for securities lending and borrowing scheme, allowing shares of more companies to be eligible for the segment in which only stocks with derivatives are eligible at present.
- SEBI chairman Sinha asked to appear before Parliament Standing Committee on Finance to share views on regulations to curb the activity of chit fund companies.
- RBI Governor Subbarao said high current account gap remains the biggest risk to the country's economy and that the deficit is seen at 5% of gross domestic product in 2012-13 (Apr-Mar).
- RBI Subbarao accepted money laundering allegations made against certain banks had some truth in them, but at the same time asserted that banks could not be held accountable for detecting such transactions.
* ROADS: The ministry plans to break up the 555-km Kishangarh-Udaipur-Ahemdabad project, from which GMR INFRASTRUCTURE had pulled out last year, into two or more projects and rebid them separately to make them a viable proposition.
* TRADE: The country's total wheat exports in the current financial year are likely to fall to around 3.5 mln tn from an estimated 6.9 mln tn in 2012-13 (Apr-Mar).
* POLITICS: Prime Minister Manmohan Singh was re-elected to Rajya Sabha for the fifth consecutive term as Congress won both the seats to the Upper House from Assam .
