* CEMENT: Refusing to stay the Competition Appellate Tribunal's order to 10 cement companies and Cement Manufacturers' Association to deposit a 6.3-bln-rupee-fine on a case of alleged cartelisation, the Supreme Court gave them time till Jun 24 to submit the amount.
* COAL: Former coal secretary H.C. Gupta has resigned from the Competition Commission after the corporate affairs ministry did a U-turn and gave Central Bureau of Investigation permission to question him in the coal scam in which Gupta may face charges. Coal Minister Sriprakash Jaiswal said the ministry wants to fast track buying of coal assets abroad as sluggish prices have devalued coal blocks and it would be right to buy resources when valuations are down.
* CORPORATE: Tata Group has held talks with former defence secretary Vijay Singh on joining the board of the holding company, Tata Sons.
* INFRASTRUCTURE: The government may soon allow public sector infrastructure lending companies to issue overseas bonds for raising capital for long-term infrastructure financing.
* POWER: Lenders have agreed to restructure the short-term liabilities worth 150 bln rupees of Haryana State Electricity Board.
* REGULATORS: A committee set up by SEBI has recommended merging the three key routes for foreign equity investment in India into one, named Foreign Portfolio Investor, and simplifying 'know your client' norms for overseas investors. The Securities Appellate Tribunal has asked SEBI to probe violations of minimum public shareholding norms by companies and find solutions to address the issue.
* TELECOM: The Department of Telecommunication is considering lowering licence fee levy from the current 8% of adjusted gross revenue in lieu of building more expensive but environment friendly telecom towers.
* COAL: Former coal secretary H.C. Gupta has resigned from the Competition Commission after the corporate affairs ministry did a U-turn and gave Central Bureau of Investigation permission to question him in the coal scam in which Gupta may face charges. Coal Minister Sriprakash Jaiswal said the ministry wants to fast track buying of coal assets abroad as sluggish prices have devalued coal blocks and it would be right to buy resources when valuations are down.
* CORPORATE: Tata Group has held talks with former defence secretary Vijay Singh on joining the board of the holding company, Tata Sons.
* INFRASTRUCTURE: The government may soon allow public sector infrastructure lending companies to issue overseas bonds for raising capital for long-term infrastructure financing.
* POWER: Lenders have agreed to restructure the short-term liabilities worth 150 bln rupees of Haryana State Electricity Board.
* REGULATORS: A committee set up by SEBI has recommended merging the three key routes for foreign equity investment in India into one, named Foreign Portfolio Investor, and simplifying 'know your client' norms for overseas investors. The Securities Appellate Tribunal has asked SEBI to probe violations of minimum public shareholding norms by companies and find solutions to address the issue.
* TELECOM: The Department of Telecommunication is considering lowering licence fee levy from the current 8% of adjusted gross revenue in lieu of building more expensive but environment friendly telecom towers.
