* BANKING: Several senior bank officials said liquidity in the banking system remains comfortable despite measures taken by the RBI. The RBI will suck out liquidity from the banking system till the level government is comfortable with.
* BROADCASTING: News Broadcasters Association has approached the Telecom Dispute Settlement and Appellate Tribunal to appeal against TRAI's move to enforce a 12- minute cap on advertisements shown every hour.
* COURTS: The Supreme Court has issued notices to the central government, SEBI, and CBI on a public interest litigation seeking regulation of functioning of chit fund companies.
* ENERGY: The government has clarified that the Petroleum and Natural Gas Regulatory Board is legally empowered to fix the transportation tariff of natural gas and petroleum products. An empowered group of ministers is likely to meet on Jul 25 to decide on the long-awaited bidding norms for ultra mega power projects. The Chatterjee group has moved the Supreme Court to stop the West Bengal government from divesting its stake in Haldia Petrochemicals.
* FAST MOVING CONSUMER GOODS: Coca Cola India is hoping volumes will keep pouring in during the lean monsoon season by pushing most of its carbonated drinks at a lower price. Balaji Wafers is in talks with several fast moving consumer goods companies and private equity players to offload majority stake in the company and has appointed Ernst & Young to advise on the same.
* FERTILISER: The Empowered Group of Ministers will on Jul 30 fix the floor price for disinvestment of 7.64% government stake in National Fertilizers.
* INVESTMENT: The government may resolve issues on foreign direct investment in the pharmaceutical sector soon.
* MARKETS: NSE will exclude shares of THE INDIAN HOTELS CO and RAYMOND from its futures and options segment after the expiry of September contracts.
* MUTUAL FUND: The ASK Group is looking to raise $200 mln in its maiden offshore fund that will invest in residential properties across country's top five cities.
* REGULATORS: TRAI has ordered cable operators in Kolkata to implement digital addressable cable television system or face criminal prosecution. President Pranab Mukherjee has promulgated an ordinance to amend the securities laws, giving wide-ranging powers to the Securities and Exchange Board of India, including authority to seek telephone call records, and carry out search and seizure operations.
* INFRASTRUCTURE: The government will provide more funds for infrastructure development in the northeast, including 6 bln rupees for railway projects in the region.
* PHARMACEUTICALS: Nine drug makers including RANBAXY LABORATORIES, DR REDDY'S LABORATORIES, CIPLA, and CADILA HEALTHCARE is likely to face hefty penalty from National Pharmaceutical Pricing Authority over allegedly overcharging anti-asthma drug Doxofylline.
* TAXATION: The Central Board of Direct Taxes has released guidelines for availing weighted deduction at 150% of the expenditure incurred on skill development.
* TELECOM: Instant messenger service platforms have taken a hit following the Telecom Regulatory Authority of India's decision to levy termination fees on SMSes.
* SUGAR: Maharashtra government mulls new sugarcane act.
* BROADCASTING: News Broadcasters Association has approached the Telecom Dispute Settlement and Appellate Tribunal to appeal against TRAI's move to enforce a 12- minute cap on advertisements shown every hour.
* COURTS: The Supreme Court has issued notices to the central government, SEBI, and CBI on a public interest litigation seeking regulation of functioning of chit fund companies.
* ENERGY: The government has clarified that the Petroleum and Natural Gas Regulatory Board is legally empowered to fix the transportation tariff of natural gas and petroleum products. An empowered group of ministers is likely to meet on Jul 25 to decide on the long-awaited bidding norms for ultra mega power projects. The Chatterjee group has moved the Supreme Court to stop the West Bengal government from divesting its stake in Haldia Petrochemicals.
* FAST MOVING CONSUMER GOODS: Coca Cola India is hoping volumes will keep pouring in during the lean monsoon season by pushing most of its carbonated drinks at a lower price. Balaji Wafers is in talks with several fast moving consumer goods companies and private equity players to offload majority stake in the company and has appointed Ernst & Young to advise on the same.
* FERTILISER: The Empowered Group of Ministers will on Jul 30 fix the floor price for disinvestment of 7.64% government stake in National Fertilizers.
* INVESTMENT: The government may resolve issues on foreign direct investment in the pharmaceutical sector soon.
* MARKETS: NSE will exclude shares of THE INDIAN HOTELS CO and RAYMOND from its futures and options segment after the expiry of September contracts.
* MUTUAL FUND: The ASK Group is looking to raise $200 mln in its maiden offshore fund that will invest in residential properties across country's top five cities.
* REGULATORS: TRAI has ordered cable operators in Kolkata to implement digital addressable cable television system or face criminal prosecution. President Pranab Mukherjee has promulgated an ordinance to amend the securities laws, giving wide-ranging powers to the Securities and Exchange Board of India, including authority to seek telephone call records, and carry out search and seizure operations.
* INFRASTRUCTURE: The government will provide more funds for infrastructure development in the northeast, including 6 bln rupees for railway projects in the region.
* PHARMACEUTICALS: Nine drug makers including RANBAXY LABORATORIES, DR REDDY'S LABORATORIES, CIPLA, and CADILA HEALTHCARE is likely to face hefty penalty from National Pharmaceutical Pricing Authority over allegedly overcharging anti-asthma drug Doxofylline.
* TAXATION: The Central Board of Direct Taxes has released guidelines for availing weighted deduction at 150% of the expenditure incurred on skill development.
* TELECOM: Instant messenger service platforms have taken a hit following the Telecom Regulatory Authority of India's decision to levy termination fees on SMSes.
* SUGAR: Maharashtra government mulls new sugarcane act.
