* AUTOMOTIVE: US-based General Motors has stopped production of diesel variants of the Sail hatchback and sedan and of the Tavera multi-purpose vehicle for about a week due to issues with emission.
* AVIATION: The Competition Commission of India is examining a complaint against JET AIRWAYS (INDIA), SPICEJET, Air India , GoAir, and Indigo for alleged cartelisation aimed at levying a uniform fuel surcharge on air cargo.
* COAL: CBI has registered a corruption case against a former minister of state for coal, a director of a steel company and four Delhi-based private firms for alleged irregularities in allocation of a coal block in Jharkhand.
* ENERGY: Oil minister M. Veerappa Moily said India has secured deals for supply of around 14 mln tn per year of LNG and deals for supplies of 20 mtpa more of the fuel are in pipeline but added that high price is an issue.
* GOVERNMENT: May consider a bond issue to non-resident Indians to stem the fall of the rupee against the dollar.
* MEDIA: Telecom Regulatory Authority of India has asked subscribers of digital cable television to submit subscriber information details to respective cable operators by Jun 25 or face disconnection of services.
* MINING: Companies like Essar Power, HINDALCO INDUSTRIES, and RELIANCE POWER could be hit as Madhya Pradesh is set to introduce a new environmental benefit-sharing levy on captive coal mines in the state.
* PHARMACEUTICALS: The government has banned the sale of analgesic drug dextropropoxyphene that is used as a painkiller because its use is likely to
involve health risks.
* POLITICS: Bharatiya Janata Party veteran L.K. Advani has withdrawn his resignation from all party posts.
* REGULATORS: SEBI rejected five consent applications between Apr 5 and Jun 10 including that of ALMONDZ GLOBAL SECURITIES. The RBI has asked units located in Special Economic Zones to realize and repatriate to India within 12 months from date of export, the full value of goods, software or services exported.
- RBI has prohibited non-banking financial companies from contributing capital as well as becoming partners in limited liability partnership firms.
- Despite indicators, the RBI has said it is too early to say that the trend of deteriorating asset quality has reversed. SEBI is looking to bring in rules that will strengthen the functioning of clearing corporations.
* AVIATION: The Competition Commission of India is examining a complaint against JET AIRWAYS (INDIA), SPICEJET, Air India , GoAir, and Indigo for alleged cartelisation aimed at levying a uniform fuel surcharge on air cargo.
* COAL: CBI has registered a corruption case against a former minister of state for coal, a director of a steel company and four Delhi-based private firms for alleged irregularities in allocation of a coal block in Jharkhand.
* ENERGY: Oil minister M. Veerappa Moily said India has secured deals for supply of around 14 mln tn per year of LNG and deals for supplies of 20 mtpa more of the fuel are in pipeline but added that high price is an issue.
* GOVERNMENT: May consider a bond issue to non-resident Indians to stem the fall of the rupee against the dollar.
* MEDIA: Telecom Regulatory Authority of India has asked subscribers of digital cable television to submit subscriber information details to respective cable operators by Jun 25 or face disconnection of services.
* MINING: Companies like Essar Power, HINDALCO INDUSTRIES, and RELIANCE POWER could be hit as Madhya Pradesh is set to introduce a new environmental benefit-sharing levy on captive coal mines in the state.
* PHARMACEUTICALS: The government has banned the sale of analgesic drug dextropropoxyphene that is used as a painkiller because its use is likely to
involve health risks.
* POLITICS: Bharatiya Janata Party veteran L.K. Advani has withdrawn his resignation from all party posts.
* REGULATORS: SEBI rejected five consent applications between Apr 5 and Jun 10 including that of ALMONDZ GLOBAL SECURITIES. The RBI has asked units located in Special Economic Zones to realize and repatriate to India within 12 months from date of export, the full value of goods, software or services exported.
- RBI has prohibited non-banking financial companies from contributing capital as well as becoming partners in limited liability partnership firms.
- Despite indicators, the RBI has said it is too early to say that the trend of deteriorating asset quality has reversed. SEBI is looking to bring in rules that will strengthen the functioning of clearing corporations.
