* AGRICULTURE: India received 73.5 mm rainfall in week to Jun 19, 89% above normal.
* AVIATION: Air India plans to lease turbo prop aircraft to increase connectivity to tier-II and tier-III cities.
* DIVESTMENT: Government will now offer shares at a discount to employees of PSUs in which it divests stake through offer-for-sale route.
* ENERGY: Petroleum and Natural Gas Regulatory Board has invited bids for development of natural gas pipeline networks from Tamil Nadu to Andhra Pradesh. The Cabinet Committee on Economic Affairs may decide on coal price pass-through mechanism on Friday.
* EXCHANGE: A shareholder of MCX Stock Exchange has taken La-Fin Financial Services, an entity associated with Vice Chairman Jignesh Shah, to court over a matter of concerning acquisition of shares in the exchange.
* INSURANCE: Max Bupa Health Insurance will self-certify its group insurance products ahead of their registry with the regulator.
* PHARMACEUTICALS: The domestic industry will shrink by at least 9.2 bln rupees annually following the new ceiling prices announced by government. The Indian domestic market grew at just 6.8% year on year to 63.70 bln rupees in May.
* REGULATORY: SEBI is likely to make it mandatory for companies to buy back at least 50% of the proposed offer, and if a firm fails to do so, it may have to forfeit 2.5% of the money earmarked for the buyback.
* SOCIAL: Cabinet has approved restructuring of existing centrally-sponsored schemes and pruned the number of schemes to 66 from 170 earlier.
* STEEL: Essar Steel India has raised $1 bln via external commercial borrowings to replace rupee-denominated debt.
* TELECOM: Indian telecom companies added 3.10 mln GSM users in May, against 3.50 mln addition in April. Uninor added 153,228 GSM users in May against 163,103 additions in April. Vodafone added 910,320 GSM users in May against 1.42 mln additions in April.
* AVIATION: Air India plans to lease turbo prop aircraft to increase connectivity to tier-II and tier-III cities.
* DIVESTMENT: Government will now offer shares at a discount to employees of PSUs in which it divests stake through offer-for-sale route.
* ENERGY: Petroleum and Natural Gas Regulatory Board has invited bids for development of natural gas pipeline networks from Tamil Nadu to Andhra Pradesh. The Cabinet Committee on Economic Affairs may decide on coal price pass-through mechanism on Friday.
* EXCHANGE: A shareholder of MCX Stock Exchange has taken La-Fin Financial Services, an entity associated with Vice Chairman Jignesh Shah, to court over a matter of concerning acquisition of shares in the exchange.
* INSURANCE: Max Bupa Health Insurance will self-certify its group insurance products ahead of their registry with the regulator.
* PHARMACEUTICALS: The domestic industry will shrink by at least 9.2 bln rupees annually following the new ceiling prices announced by government. The Indian domestic market grew at just 6.8% year on year to 63.70 bln rupees in May.
* REGULATORY: SEBI is likely to make it mandatory for companies to buy back at least 50% of the proposed offer, and if a firm fails to do so, it may have to forfeit 2.5% of the money earmarked for the buyback.
* SOCIAL: Cabinet has approved restructuring of existing centrally-sponsored schemes and pruned the number of schemes to 66 from 170 earlier.
* STEEL: Essar Steel India has raised $1 bln via external commercial borrowings to replace rupee-denominated debt.
* TELECOM: Indian telecom companies added 3.10 mln GSM users in May, against 3.50 mln addition in April. Uninor added 153,228 GSM users in May against 163,103 additions in April. Vodafone added 910,320 GSM users in May against 1.42 mln additions in April.
