* AGRICULTURE: Government has decided not to ban onion export for now as shipments have been lower than last year.
* AUTOMOTIVE: Central Board of Excise and Customs to discuss levy of excise duty on the cost of a car produced and not on the discounted sale price today. A government panel is set to evaluate the conformity-of-production processed followed by testing agencies and automobile companies and recommend measures to tighten them.
* COAL: Supreme Court has directed the central government to furnish all documents sought by the Central Bureau of Investigation in the coal block allocation case.
* ENERGY: The government has undertaken a study to ascertain the feasibility for construction of additional 12.5 mln tn of strategic crude oil storages at four new locations. Power Ministry has advised the Central Electricity Regulatory Commission to consider power producers' request, to pass on the additional cost of imported coal to consumers, on a case-to-case basis.
* EXCHANGES: National Spot Exchange has suspended trading in e-series contracts and has given an option to its clients to convert their holdings in demat accounts into physical stock.
* FOREX: Finance ministry's Chief Economic Adviser Raghuram Rajan has said the government is exploring a variety of measures to stabilise the rupee, and these steps will be unveiled "very quickly".
* GOVERNMENT: Said it will seek Parliament approval for allocation of 10 bln rupees for setting Bhartiya Mahila Bank. Has paid nearly 43 bln rupees as subsidy to the Food Corporation of India as against the food subsidy claim of 326.52 bln rupees last financial year.
* HEALTHCARE: The Centre is planning to set up an incentive fund for healthcare with a likely corpus of more than 100 bln rupees to provide additional assistance to state governments.
* INFORMATION TECHNOLOGY: Cognizant posted a 19.2% on year jump in quarterly profit at $300.4 mln on outsourcing demand. Revises revenue guidance for 2013-14 to 19 from 17%.
* REGULATORS: Securities Appellate Tribunal has quashed a SEBI order asking the National Securities Depository to conduct fresh probe into the irregularities in initial public offerings and fix individual accountability. The Supreme Court will on Aug 13 continue hearings on the SEBI's petition seeking initiation of contempt proceedings against two Sahara group companies, its three directors and group chief Subrata Roy Sahara in the debentures refund case.
- Forward Markets Commission has asked National Spot Exchange Ltd to spell out the names of all investors who had unwound their positions in the last few weeks leading to the suspension of settlement on Jul 31. The government and Reserve Bank is set to float a first-of-its kind proxy sovereign bond that will allow the government to dig deep into the pockets of foreign pension funds and institutional funds to stem the rupee's slide, among other things.
* RETAIL: Mahindra Retail plans to shut more than 10 stores and cut costs after an ambitious expansion drive led to rapid cash burns and losses.
* TAX: Warning against the non-payment of tax deducted at source, the income tax department has said that such defaulters will be prosecuted.
* TELECOM: CBI has opposed the plea of Reliance Telecom, an accused in the 2G spectrum case, that had urged the apex court to recall its order staying proceedings of all 2G related cases in Delhi High Court. A group of ministers in charge of reviving Bharat Sanchar Nigam and Mahanagar Telephone Nigam is considering taking over their entire debt and also waiving off their licence fees and spectrum charges for three financial years.
- Government is set to issue the guidelines for shifting telecom service providers to the new unified licences regime.
* AUTOMOTIVE: Central Board of Excise and Customs to discuss levy of excise duty on the cost of a car produced and not on the discounted sale price today. A government panel is set to evaluate the conformity-of-production processed followed by testing agencies and automobile companies and recommend measures to tighten them.
* COAL: Supreme Court has directed the central government to furnish all documents sought by the Central Bureau of Investigation in the coal block allocation case.
* ENERGY: The government has undertaken a study to ascertain the feasibility for construction of additional 12.5 mln tn of strategic crude oil storages at four new locations. Power Ministry has advised the Central Electricity Regulatory Commission to consider power producers' request, to pass on the additional cost of imported coal to consumers, on a case-to-case basis.
* EXCHANGES: National Spot Exchange has suspended trading in e-series contracts and has given an option to its clients to convert their holdings in demat accounts into physical stock.
* FOREX: Finance ministry's Chief Economic Adviser Raghuram Rajan has said the government is exploring a variety of measures to stabilise the rupee, and these steps will be unveiled "very quickly".
* GOVERNMENT: Said it will seek Parliament approval for allocation of 10 bln rupees for setting Bhartiya Mahila Bank. Has paid nearly 43 bln rupees as subsidy to the Food Corporation of India as against the food subsidy claim of 326.52 bln rupees last financial year.
* HEALTHCARE: The Centre is planning to set up an incentive fund for healthcare with a likely corpus of more than 100 bln rupees to provide additional assistance to state governments.
* INFORMATION TECHNOLOGY: Cognizant posted a 19.2% on year jump in quarterly profit at $300.4 mln on outsourcing demand. Revises revenue guidance for 2013-14 to 19 from 17%.
* REGULATORS: Securities Appellate Tribunal has quashed a SEBI order asking the National Securities Depository to conduct fresh probe into the irregularities in initial public offerings and fix individual accountability. The Supreme Court will on Aug 13 continue hearings on the SEBI's petition seeking initiation of contempt proceedings against two Sahara group companies, its three directors and group chief Subrata Roy Sahara in the debentures refund case.
- Forward Markets Commission has asked National Spot Exchange Ltd to spell out the names of all investors who had unwound their positions in the last few weeks leading to the suspension of settlement on Jul 31. The government and Reserve Bank is set to float a first-of-its kind proxy sovereign bond that will allow the government to dig deep into the pockets of foreign pension funds and institutional funds to stem the rupee's slide, among other things.
* RETAIL: Mahindra Retail plans to shut more than 10 stores and cut costs after an ambitious expansion drive led to rapid cash burns and losses.
* TAX: Warning against the non-payment of tax deducted at source, the income tax department has said that such defaulters will be prosecuted.
* TELECOM: CBI has opposed the plea of Reliance Telecom, an accused in the 2G spectrum case, that had urged the apex court to recall its order staying proceedings of all 2G related cases in Delhi High Court. A group of ministers in charge of reviving Bharat Sanchar Nigam and Mahanagar Telephone Nigam is considering taking over their entire debt and also waiving off their licence fees and spectrum charges for three financial years.
- Government is set to issue the guidelines for shifting telecom service providers to the new unified licences regime.
