* AUTOMOTIVE: China 's largest sports utility vehicle maker, Great Wall Motors is likely to set up a plant in Pune, and aims to start production by 2016.
* AVIATION: All issues concerning Air Asia's application to fly in India have been resolved, Aviation Minister Ajit Singh has said. Air India may stop offering meals on short haul domestic flights, and may also charge an extra fee for preferred seats.
* BANKING: RBI has allowed urban co-operative banks with strong financials and risk management practices to undertake ready forward contracts in corporate bonds.
* CEMENT: Supreme Court has issued notices on the plea of 10 cement companies, challenging the Competition Appellate Tribunal's order for alleged cartelisation.
* COAL: The coal ministry has issued show-cause notices to allottee companies--NTPC, STEEL Authority of India, Bhushan Steel & Power--of a dozen coal blocks for failing to achieve milestones relating to developing the mines.
* FOREX: Economic Affairs Secretary Arvind Mayaram said the current level of rupee is an aberration and unlikely to last long.
* OIL AND GAS: Six companies, including RELIANCE INDUSTRIES, INDIAN OIL CORP and OIL AND NATURAL GAS, have expressed interest in buying the nearly 40% stake of the West Bengal government in Haldia Petrochemicals.
* REGULATORY: The Securities and Exchange Board of India may soon get access to call data records of entities under its scanner.
* RETAIL: Adidas Group is planning to open 100 'fit hub' stores in India to sell Reebok shoes.
* TELECOM: The telecom department has dismissed an armed forces demand for pan-India allocation of airwaves in the 900 MHz band, since the spectrum has already been allotted to MAHANAGAR TELEPHONE NIGAM and the Railways. Communications Minister Kapil Sibal has called for a meeting with owners of mobile-phone companies to resolve lawsuits that have resulted in an 85% drop in overseas investments in the industry.
* AVIATION: All issues concerning Air Asia's application to fly in India have been resolved, Aviation Minister Ajit Singh has said. Air India may stop offering meals on short haul domestic flights, and may also charge an extra fee for preferred seats.
* BANKING: RBI has allowed urban co-operative banks with strong financials and risk management practices to undertake ready forward contracts in corporate bonds.
* CEMENT: Supreme Court has issued notices on the plea of 10 cement companies, challenging the Competition Appellate Tribunal's order for alleged cartelisation.
* COAL: The coal ministry has issued show-cause notices to allottee companies--NTPC, STEEL Authority of India, Bhushan Steel & Power--of a dozen coal blocks for failing to achieve milestones relating to developing the mines.
* FOREX: Economic Affairs Secretary Arvind Mayaram said the current level of rupee is an aberration and unlikely to last long.
* OIL AND GAS: Six companies, including RELIANCE INDUSTRIES, INDIAN OIL CORP and OIL AND NATURAL GAS, have expressed interest in buying the nearly 40% stake of the West Bengal government in Haldia Petrochemicals.
* REGULATORY: The Securities and Exchange Board of India may soon get access to call data records of entities under its scanner.
* RETAIL: Adidas Group is planning to open 100 'fit hub' stores in India to sell Reebok shoes.
* TELECOM: The telecom department has dismissed an armed forces demand for pan-India allocation of airwaves in the 900 MHz band, since the spectrum has already been allotted to MAHANAGAR TELEPHONE NIGAM and the Railways. Communications Minister Kapil Sibal has called for a meeting with owners of mobile-phone companies to resolve lawsuits that have resulted in an 85% drop in overseas investments in the industry.
