* AGRICULTURE: India Jun 1-17 rainfall 112.9 mm, 68% above normal, says Indian Meteorological Department.
* AUTOMOTIVE: Ford Motor Co will make India an export hub for its compact sports utility vehicles, chief executive Alan Mulally said.
* AVIATION: TATA CONSULTANCY SERVICES non-independent, non-executive vice chairman S. Ramadorai appointed chairman of Air Asia's India operations.
* CONSUMER DURABLES: LG Electronics India has announced a price hike of 3-5% in its home appliance range.
* ECONOMY: Finance Minister P. Chidambaram has said India can fund its widening current account deficit without dipping into foreign exchange reserves.
* ENERGY: Coal ministry issued show cause notices to five companies, including TATA POWER, JINDAL STEEL AND POWER, and MONNET ISPAT for delay in coal mine development.
* POLITICS: Prime Minister Manmohan Singh had reshuffled his cabinet. K.S. Rao, Girija Vyas, Oscar Fernandes, and Sis Ram Ola inducted as Cabinet ministers.
* RETAIL: The government is set to issue fresh guidelines that will clearly stipulate that international chains entering India through the single-brand retail window can use multiple trademarks to sell their goods.
* TAX: The finance ministry has given tax officials the power to audit and restate profits of specified domestic transactions above 50 mln rupees a year between related companies and related individuals.
* TELECOM: The Comptroller & Auditor General has asked the department of telecom to give details of roaming agreements signed by telecom companies to offer 3G services in areas where they did not have spectrum.
* AUTOMOTIVE: Ford Motor Co will make India an export hub for its compact sports utility vehicles, chief executive Alan Mulally said.
* AVIATION: TATA CONSULTANCY SERVICES non-independent, non-executive vice chairman S. Ramadorai appointed chairman of Air Asia's India operations.
* CONSUMER DURABLES: LG Electronics India has announced a price hike of 3-5% in its home appliance range.
* ECONOMY: Finance Minister P. Chidambaram has said India can fund its widening current account deficit without dipping into foreign exchange reserves.
* ENERGY: Coal ministry issued show cause notices to five companies, including TATA POWER, JINDAL STEEL AND POWER, and MONNET ISPAT for delay in coal mine development.
* POLITICS: Prime Minister Manmohan Singh had reshuffled his cabinet. K.S. Rao, Girija Vyas, Oscar Fernandes, and Sis Ram Ola inducted as Cabinet ministers.
* RETAIL: The government is set to issue fresh guidelines that will clearly stipulate that international chains entering India through the single-brand retail window can use multiple trademarks to sell their goods.
* TAX: The finance ministry has given tax officials the power to audit and restate profits of specified domestic transactions above 50 mln rupees a year between related companies and related individuals.
* TELECOM: The Comptroller & Auditor General has asked the department of telecom to give details of roaming agreements signed by telecom companies to offer 3G services in areas where they did not have spectrum.
