* AUTO: General Motors India said it is "voluntarily" recalling 114,000 units of its Tavera multi-utility vehicles, manufactured between 2005 and 2013, on account of emission and model specification issues.
- The Central Board of Excise and Customs has notified that the Maruti SX4, Honda Civic, and Toyota Corolla Altis, despite meeting all the criteria as announced in the Budget for a sport utility vehicle, are sedans and thus would attract an excise duty of 27% and not 30%. Ford Motor Co to make India its global base for compact cars.
* AVIATION: Expanding the wingspan of the Indira Gandhi International Airport in Delhi , Air India and Singapore Airlines today announced flights to Birmingham and Singapore , respectively.
- Higher fares and economic slowdown have dampened demand for airlines in summer, with traffic increasing 1% in first quarter of 2014.
* BANKING: The central government will raise 10 bln rupees through the sale of 1.44%, 2023 inflation-indexed bonds on Monday.
* COSMETICS: Direct selling cosmetic company Mary Kay has wound up India operations citing regulatory concerns and poor sales.
* FOOD PRODUCTS: South Africa 's fast food brand, Famous Brands, has entered the Indian market with launch of popular pizza brand Debonairs Pizza. Cafe Coffee Day owner is in talks to raise funds to fuel growth.
* HEALTHCARE: Abu Dhabi 's hospital chain New Medical Centre will sell 25% stake to raise 1.5 bln rupees to expand healthcare units in India .
* INFORMATION TECHNOLOGY: The Planning Commission has shot down the Department of Electronics and IT's 250-bln-rupee proposal to set up dedicated semiconductor wafer fabrication manufacturing units.
* INFRASTRUCTURE: The National Highways Authority of India has decided not to award any new highway projects till November.
* OIL & GAS: The government plans to give hydrocarbon exploration and production "infrastructure status", which would enable upstream oil companies get easier access to finance and better loan terms for projects.
* MUTUAL FUNDS: Industry body AMFI has written to the Securities and Exchange Board of India to consider raising the current borrowing limit of mutual funds to 40% of assets under management in individual schemes from the present 20%.
* POWER: The heavy industries ministry has sought additional levy of 5% on imported power equipment. Government plans measures to revive interest in the wind energy sector by reintroducing tax and fiscal incentives that were removed last year.
* REAL ESTATE: Shriram Properties plans to raise 4.5 bln rupees from private equity funds to buy residential projects in Chennai and Bengaluru.
* REGULATORY: The Pension Fund Regulatory and Development Authority has asked the department of public enterprises to do away with the guidelines which make it mandatory for employees of central public sector undertakings to avail themselves of pension/superannuation benefits only after completion of 15 years of services. SEBI may help sick public sector undertakings to meet public shareholding norms.
* RETAIL: The government has decided to drop restriction in the foreign direct investment norms on opening multi-brand retail outlets in cities with population less than a million, in a bid to attract more investment.
* TELECOM: Telecom Regulatory Authority of India has issued new mobile number porting regulations for corporate mobile number users who wish to change their service provider while retaining the same number.
- Vodafone has sought change in size in spectrum block auction to multiples of 200 kHz to cut down on wastage.
* TEXTILE: Textile ministry has proposed a dedicated cotton price stabilisation fund, to deal with farmer distress and mill owner woes when cotton crop fails.SECTORS ALERT - 25.07.2013
* AUTO: General Motors India said it is "voluntarily" recalling 114,000 units of its Tavera multi-utility vehicles, manufactured between 2005 and 2013, on account of emission and model specification issues.
- The Central Board of Excise and Customs has notified that the Maruti SX4, Honda Civic, and Toyota Corolla Altis, despite meeting all the criteria as announced in the Budget for a sport utility vehicle, are sedans and thus would attract an excise duty of 27% and not 30%. Ford Motor Co to make India its global base for compact cars.
* AVIATION: Expanding the wingspan of the Indira Gandhi International Airport in Delhi , Air India and Singapore Airlines today announced flights to Birmingham and Singapore , respectively.
- Higher fares and economic slowdown have dampened demand for airlines in summer, with traffic increasing 1% in first quarter of 2014.
* BANKING: The central government will raise 10 bln rupees through the sale of 1.44%, 2023 inflation-indexed bonds on Monday.
* COSMETICS: Direct selling cosmetic company Mary Kay has wound up India operations citing regulatory concerns and poor sales.
* FOOD PRODUCTS: South Africa 's fast food brand, Famous Brands, has entered the Indian market with launch of popular pizza brand Debonairs Pizza. Cafe Coffee Day owner is in talks to raise funds to fuel growth.
* HEALTHCARE: Abu Dhabi 's hospital chain New Medical Centre will sell 25% stake to raise 1.5 bln rupees to expand healthcare units in India .
* INFORMATION TECHNOLOGY: The Planning Commission has shot down the Department of Electronics and IT's 250-bln-rupee proposal to set up dedicated semiconductor wafer fabrication manufacturing units.
* INFRASTRUCTURE: The National Highways Authority of India has decided not to award any new highway projects till November.
* OIL & GAS: The government plans to give hydrocarbon exploration and production "infrastructure status", which would enable upstream oil companies get easier access to finance and better loan terms for projects.
* MUTUAL FUNDS: Industry body AMFI has written to the Securities and Exchange Board of India to consider raising the current borrowing limit of mutual funds to 40% of assets under management in individual schemes from the present 20%.
* POWER: The heavy industries ministry has sought additional levy of 5% on imported power equipment. Government plans measures to revive interest in the wind energy sector by reintroducing tax and fiscal incentives that were removed last year.
* REAL ESTATE: Shriram Properties plans to raise 4.5 bln rupees from private equity funds to buy residential projects in Chennai and Bengaluru.
* REGULATORY: The Pension Fund Regulatory and Development Authority has asked the department of public enterprises to do away with the guidelines which make it mandatory for employees of central public sector undertakings to avail themselves of pension/superannuation benefits only after completion of 15 years of services. SEBI may help sick public sector undertakings to meet public shareholding norms.
* RETAIL: The government has decided to drop restriction in the foreign direct investment norms on opening multi-brand retail outlets in cities with population less than a million, in a bid to attract more investment.
* TELECOM: Telecom Regulatory Authority of India has issued new mobile number porting regulations for corporate mobile number users who wish to change their service provider while retaining the same number.
- Vodafone has sought change in size in spectrum block auction to multiples of 200 kHz to cut down on wastage.
* TEXTILE: Textile ministry has proposed a dedicated cotton price stabilisation fund, to deal with farmer distress and mill owner woes when cotton crop fails.
- The Central Board of Excise and Customs has notified that the Maruti SX4, Honda Civic, and Toyota Corolla Altis, despite meeting all the criteria as announced in the Budget for a sport utility vehicle, are sedans and thus would attract an excise duty of 27% and not 30%. Ford Motor Co to make India its global base for compact cars.
* AVIATION: Expanding the wingspan of the Indira Gandhi International Airport in Delhi , Air India and Singapore Airlines today announced flights to Birmingham and Singapore , respectively.
- Higher fares and economic slowdown have dampened demand for airlines in summer, with traffic increasing 1% in first quarter of 2014.
* BANKING: The central government will raise 10 bln rupees through the sale of 1.44%, 2023 inflation-indexed bonds on Monday.
* COSMETICS: Direct selling cosmetic company Mary Kay has wound up India operations citing regulatory concerns and poor sales.
* FOOD PRODUCTS: South Africa 's fast food brand, Famous Brands, has entered the Indian market with launch of popular pizza brand Debonairs Pizza. Cafe Coffee Day owner is in talks to raise funds to fuel growth.
* HEALTHCARE: Abu Dhabi 's hospital chain New Medical Centre will sell 25% stake to raise 1.5 bln rupees to expand healthcare units in India .
* INFORMATION TECHNOLOGY: The Planning Commission has shot down the Department of Electronics and IT's 250-bln-rupee proposal to set up dedicated semiconductor wafer fabrication manufacturing units.
* INFRASTRUCTURE: The National Highways Authority of India has decided not to award any new highway projects till November.
* OIL & GAS: The government plans to give hydrocarbon exploration and production "infrastructure status", which would enable upstream oil companies get easier access to finance and better loan terms for projects.
* MUTUAL FUNDS: Industry body AMFI has written to the Securities and Exchange Board of India to consider raising the current borrowing limit of mutual funds to 40% of assets under management in individual schemes from the present 20%.
* POWER: The heavy industries ministry has sought additional levy of 5% on imported power equipment. Government plans measures to revive interest in the wind energy sector by reintroducing tax and fiscal incentives that were removed last year.
* REAL ESTATE: Shriram Properties plans to raise 4.5 bln rupees from private equity funds to buy residential projects in Chennai and Bengaluru.
* REGULATORY: The Pension Fund Regulatory and Development Authority has asked the department of public enterprises to do away with the guidelines which make it mandatory for employees of central public sector undertakings to avail themselves of pension/superannuation benefits only after completion of 15 years of services. SEBI may help sick public sector undertakings to meet public shareholding norms.
* RETAIL: The government has decided to drop restriction in the foreign direct investment norms on opening multi-brand retail outlets in cities with population less than a million, in a bid to attract more investment.
* TELECOM: Telecom Regulatory Authority of India has issued new mobile number porting regulations for corporate mobile number users who wish to change their service provider while retaining the same number.
- Vodafone has sought change in size in spectrum block auction to multiples of 200 kHz to cut down on wastage.
* TEXTILE: Textile ministry has proposed a dedicated cotton price stabilisation fund, to deal with farmer distress and mill owner woes when cotton crop fails.SECTORS ALERT - 25.07.2013
* AUTO: General Motors India said it is "voluntarily" recalling 114,000 units of its Tavera multi-utility vehicles, manufactured between 2005 and 2013, on account of emission and model specification issues.
- The Central Board of Excise and Customs has notified that the Maruti SX4, Honda Civic, and Toyota Corolla Altis, despite meeting all the criteria as announced in the Budget for a sport utility vehicle, are sedans and thus would attract an excise duty of 27% and not 30%. Ford Motor Co to make India its global base for compact cars.
* AVIATION: Expanding the wingspan of the Indira Gandhi International Airport in Delhi , Air India and Singapore Airlines today announced flights to Birmingham and Singapore , respectively.
- Higher fares and economic slowdown have dampened demand for airlines in summer, with traffic increasing 1% in first quarter of 2014.
* BANKING: The central government will raise 10 bln rupees through the sale of 1.44%, 2023 inflation-indexed bonds on Monday.
* COSMETICS: Direct selling cosmetic company Mary Kay has wound up India operations citing regulatory concerns and poor sales.
* FOOD PRODUCTS: South Africa 's fast food brand, Famous Brands, has entered the Indian market with launch of popular pizza brand Debonairs Pizza. Cafe Coffee Day owner is in talks to raise funds to fuel growth.
* HEALTHCARE: Abu Dhabi 's hospital chain New Medical Centre will sell 25% stake to raise 1.5 bln rupees to expand healthcare units in India .
* INFORMATION TECHNOLOGY: The Planning Commission has shot down the Department of Electronics and IT's 250-bln-rupee proposal to set up dedicated semiconductor wafer fabrication manufacturing units.
* INFRASTRUCTURE: The National Highways Authority of India has decided not to award any new highway projects till November.
* OIL & GAS: The government plans to give hydrocarbon exploration and production "infrastructure status", which would enable upstream oil companies get easier access to finance and better loan terms for projects.
* MUTUAL FUNDS: Industry body AMFI has written to the Securities and Exchange Board of India to consider raising the current borrowing limit of mutual funds to 40% of assets under management in individual schemes from the present 20%.
* POWER: The heavy industries ministry has sought additional levy of 5% on imported power equipment. Government plans measures to revive interest in the wind energy sector by reintroducing tax and fiscal incentives that were removed last year.
* REAL ESTATE: Shriram Properties plans to raise 4.5 bln rupees from private equity funds to buy residential projects in Chennai and Bengaluru.
* REGULATORY: The Pension Fund Regulatory and Development Authority has asked the department of public enterprises to do away with the guidelines which make it mandatory for employees of central public sector undertakings to avail themselves of pension/superannuation benefits only after completion of 15 years of services. SEBI may help sick public sector undertakings to meet public shareholding norms.
* RETAIL: The government has decided to drop restriction in the foreign direct investment norms on opening multi-brand retail outlets in cities with population less than a million, in a bid to attract more investment.
* TELECOM: Telecom Regulatory Authority of India has issued new mobile number porting regulations for corporate mobile number users who wish to change their service provider while retaining the same number.
- Vodafone has sought change in size in spectrum block auction to multiples of 200 kHz to cut down on wastage.
* TEXTILE: Textile ministry has proposed a dedicated cotton price stabilisation fund, to deal with farmer distress and mill owner woes when cotton crop fails.
