GOLDEN RULES FOR TRADING

FREE DAILY SECTORS ALERT - 20.08.2013

* AGRICULTURE: Government may accept some of the amendments moved by the opposition parties on the National Food Security Bill.

* AVIATION: AirAsia has appointed Vijay Gopalan as the chief financial officer for its proposed India operations.Virgin Atlantic Airways is eyeing a bigger pie of the lucrative India-US market.

* BANKING: The finance ministry has asked public sector banks to take a relook at their credit growth projections as many of them have made huge demands from the government for capital for 2013-14.

* COAL: The coal ministry has approached the Cabinet Committee on Economic Affairs to finalise the formula for auction of 22 coal blocks that would be offered to cement and steel companies for captive use.

* CONGLOMERATES: The country's ten leading business houses, including Reliance Group, Vedanta, Essar and Adani, have seen 15% jump in their debt to over 6 trln rupees in 2012-13 (Apr-Mar), according to a research report.

* CORPORATE: The ministry of corporate affairs Monday informed the Parliament that it had initiated action against 78 companies in 2012-13 on investor complaints against them.

* ECONOMY: Finance ministry is not considering reaching out to the International Monetary Fund to shore up its reserves, even though experts are in favour of such a move.

* ENGINEERING: Department of Heavy Industries has proposed that equipment of all future ultra mega power projects be sourced mainly from domestic manufacturers like BHARAT HEAVY ELECTRICALS and LARSEN & TOUBRO.

* MARKETS: BSE will shift 54 stocks and NSE 12 stocks to restricted trading segment from Aug 23.

* PHARMACEUTICALS: The Department of Industrial Policy and Promotion is working on a new policy to include crucial issues of research and development spends, capacity creation, and technology transfer for future acquisitions by pharmaceutical companies.

* POWER: Essar Power is in talks with lenders to refinance debt. Government has said Indian power producers may import 82 mln tn of coal in 2013-14 to meet raw material requirements.

* PRIVATE EQUITY: Sports management venture Technology Frontiers is in talks with Dubai 's Fidelis World for a strategic investment that could value the Chennai-based firm at around 6.23 bln rupees.

* REGULATORY: The RBI may lower group exposure norms for banks following the rising level of bad loans, especially in the infrastructure sector. The government has issued a notification to disallow import of flat-panel televisions as part of the free-baggage allowance.Forwards Market Commission has raised doubts over reliability of payment figures given by National Spot Exchange and asked it to reconcile issues in payout obligation and publish payin-payout detail on website. The RBI ahs increased the limit for foreign direct investment in asset reconstruction companies to 74% from 49%.

* TELECOM: Industry bodies have welcomed guidelines for setting up towers across the country, saying they would help mobile phone companies to erect towers faster and offer better network coverage.