* AVIATION: SPICEJET, JET AIRWAYS, IndiGo, and Air India have cut base fares.
* BANKING: Chairman and Managing Director of National Housing Bank R.V. Verma has said the regulator is drafting guidelines to ensure a cap on interest rates for affordable housing loans that will be financed through overseas funding.
* DIVESTMENT: The finance ministry has asked cash-rich public sector companies to consider buying shares in other state-run firms to help meet its 400-bln- rupee divestment target in 2013-13 (Apr-Mar).
* INFRASTRUCTURE: Hyderabad-based infrastructure company Soma Enterprise, which has a debt of around 50 bln rupees, is heading for corporate debt restructuring.
* PORT: Chennai Port will invite fresh bids from seven companies for construction of a 40-bln-rupee container terminal at the port.
* TELECOM: The Competition Commission of India will look into the cartelisation charges made by the Comptroller and Auditor General of India against telecom operators in 2G spectrum sale.
* TRADE: The prospects of India signing a free trade pact with the European Union by March seem bleak as the political and government machinery gets down to preparing for the general elections due in 2014.
