* AUTOMOBILES: Iconic UK motorcycle manufacturer Triumph Motorcycles has announced its plan to foray into the Indian market by November, with an assembly facility at Manesar in Haryana.
* AVIATION: State-owned oil companies have hiked prices of aviation turbine fuel by an average 4,320.89 rupees per kL in four metropolitan cities.
* CURRENCY: The RBI has intervened frequently on (today) Wednesday at various levels through the state-owned banks to help the Indian rupee recover from its lows to close higher against the US dollar.
* ECONOMY: India 's annual inflation rate based on the Consumer Price Index for industrial workers rose to a three-month high of 11.06% in June. The growth in eight key infrastructure industries fell to a four-month low of 0.1% in June, as output in most sectors contracted. Finance Minister P. Chidambaram has slightly scaled down his projection for India 's gross domestic product growth rate for 2013-14 (Apr-Mar) to between 5.5% and 6.0%, and said the government will take all measures to achieve it.
- The government has announced the expansion of the interest subvention scheme to engineering and textile made-ups. It has hiked the rate of interest subsidy to 3% from 2%.
* FOREIGN EXCHANGE: The government is planning to take measures such as liberalizing long-term external commercial borrowings, attracting NRI funds,
and asking public sector companies to raise funds abroad in order to support the rupee
* HEALTHCARE: Venture capital firm Sequoia is eyeing a 1-bln-rupee deal with Cloudnine Hostpitals.
* HOSPITALITY: The Cabinet Committee on Investment has approved a plan that will allow setting up of 13 hotels in Delhi Aerocity.
* INSURANCE: Finance Minister P. Chidambaram would meet leaders of opposition on Saturday to build consensus on passage of Insurance Laws (Amendment) Bill in Parliament.
* INVESTMENT: The home ministry may vet all foreign direct investment proposals beyond 49% across sectors for mandatory security clearance once new FDI rules are in place.
* PHARMACEUTICALS: India has asked the US to tighten its own laws to discourage increasing practices of 'ever greening' and 'trolling' by US drug companies that leads to wrongful profiteering and patent extension.
* PORTS: Government has announced new guidelines for fixing tariffs at the central government-controlled major ports, which will give partial freedom to terminal and berth operators for fixing the rates charged by them.
* RAILWAYS: The Union Cabinet may approve setting up of a rail tariff authority.
* STEEL: Welspun Maxsteel has written to the authorities, asking them to look in to what it says is large-scale illegal import of sponge iron from Iran . Mesco Steel will invest 80 bln rupees to ramp up its Odisha plant capacity to 3.5 mtpa from 1.2 mtpa.
* TEXTILES: The promoters of Spykar Lifestyles are in advanced talks with India Value Fund Advisors to offload a portion of their stakeholding in the company.
* AVIATION: State-owned oil companies have hiked prices of aviation turbine fuel by an average 4,320.89 rupees per kL in four metropolitan cities.
* CURRENCY: The RBI has intervened frequently on (today) Wednesday at various levels through the state-owned banks to help the Indian rupee recover from its lows to close higher against the US dollar.
* ECONOMY: India 's annual inflation rate based on the Consumer Price Index for industrial workers rose to a three-month high of 11.06% in June. The growth in eight key infrastructure industries fell to a four-month low of 0.1% in June, as output in most sectors contracted. Finance Minister P. Chidambaram has slightly scaled down his projection for India 's gross domestic product growth rate for 2013-14 (Apr-Mar) to between 5.5% and 6.0%, and said the government will take all measures to achieve it.
- The government has announced the expansion of the interest subvention scheme to engineering and textile made-ups. It has hiked the rate of interest subsidy to 3% from 2%.
* FOREIGN EXCHANGE: The government is planning to take measures such as liberalizing long-term external commercial borrowings, attracting NRI funds,
and asking public sector companies to raise funds abroad in order to support the rupee
* HEALTHCARE: Venture capital firm Sequoia is eyeing a 1-bln-rupee deal with Cloudnine Hostpitals.
* HOSPITALITY: The Cabinet Committee on Investment has approved a plan that will allow setting up of 13 hotels in Delhi Aerocity.
* INSURANCE: Finance Minister P. Chidambaram would meet leaders of opposition on Saturday to build consensus on passage of Insurance Laws (Amendment) Bill in Parliament.
* INVESTMENT: The home ministry may vet all foreign direct investment proposals beyond 49% across sectors for mandatory security clearance once new FDI rules are in place.
* PHARMACEUTICALS: India has asked the US to tighten its own laws to discourage increasing practices of 'ever greening' and 'trolling' by US drug companies that leads to wrongful profiteering and patent extension.
* PORTS: Government has announced new guidelines for fixing tariffs at the central government-controlled major ports, which will give partial freedom to terminal and berth operators for fixing the rates charged by them.
* RAILWAYS: The Union Cabinet may approve setting up of a rail tariff authority.
* STEEL: Welspun Maxsteel has written to the authorities, asking them to look in to what it says is large-scale illegal import of sponge iron from Iran . Mesco Steel will invest 80 bln rupees to ramp up its Odisha plant capacity to 3.5 mtpa from 1.2 mtpa.
* TEXTILES: The promoters of Spykar Lifestyles are in advanced talks with India Value Fund Advisors to offload a portion of their stakeholding in the company.
