* AUTOMOTIVE: Toyota launched its new Camry Hybrid car in India , the first-ever hybrid car to be locally manufactured, priced at 2.97 mln rupees ex-showroom Delhi .
* AVIATION: The ministry of civil aviation and Planning Commission disagree over how to privatise airports, two government officials said.
* ECONOMY: Economic Affairs Secretary Arvind Mayaram has said that India 's current account deficit for 2013-14 (Apr-Jun) will be much lower than the targeted $70 bln.
* ENERGY: The government has told the Supreme Court that dealocation of coal blocks will have an adverse impact on the economy, as companies have invested a total of 2.87 trln rupees toward exploration, mining, and end-use projects.
* EXCHANGES: National Spot Exchange declared 10 more members as defaulters for their inability to pay outstanding dues to the bourse.
* GOVERNMENT: Reserve Bank of India Governor D. Subbarao said that the government and financial regulators must keep an eye out for dubious investment schemes being floated to cheat people today.
* INSURANCE: The Insurance Regulatory and Development Authority has allowed insurers to invest in category-II alternative investment funds, including private equity funds, debt funds and funds of funds.
* MEDIA: Times Television Network has launch English entertainment channel 'Romedy Now', which will showcase romance and comedy-based programmes.
* POWER: Subsidies for state-run power distribution companies are projected to rise to 600 bln rupees by the end of the current financial year even after financial restructuring, ICRA said. Gireesh Pradhan, a former secretary at the ministry of new and renewable energy is expected to take over as the next chairman of the Central Electricity Regulatory Commission.
* REGULATORY: SEBI has asked credit rating agencies to adopt adequate systems, procedures, and policies to address issues of conflict of interest regarding investments in securities. RBI Governor has cautioned the government, and financial regulators to keep an eye out for dubious investment schemes. The Reserve Bank of India has said it will use its foreign exchange reserves to directly meet the dollar demand of state-owned oil marketing companies through a sell-spot-buy-forward swap facility.
- The Securities and Exchange Board of India is set to review and modify norms that are proving to be hurdles for stock exchanges in listing their own shares through initial public offerings.
* TELECOM: Videocon Mobile Services is planning to roll out fourth generation services by Jul-Aug next year.
* AVIATION: The ministry of civil aviation and Planning Commission disagree over how to privatise airports, two government officials said.
* ECONOMY: Economic Affairs Secretary Arvind Mayaram has said that India 's current account deficit for 2013-14 (Apr-Jun) will be much lower than the targeted $70 bln.
* ENERGY: The government has told the Supreme Court that dealocation of coal blocks will have an adverse impact on the economy, as companies have invested a total of 2.87 trln rupees toward exploration, mining, and end-use projects.
* EXCHANGES: National Spot Exchange declared 10 more members as defaulters for their inability to pay outstanding dues to the bourse.
* GOVERNMENT: Reserve Bank of India Governor D. Subbarao said that the government and financial regulators must keep an eye out for dubious investment schemes being floated to cheat people today.
* INSURANCE: The Insurance Regulatory and Development Authority has allowed insurers to invest in category-II alternative investment funds, including private equity funds, debt funds and funds of funds.
* MEDIA: Times Television Network has launch English entertainment channel 'Romedy Now', which will showcase romance and comedy-based programmes.
* POWER: Subsidies for state-run power distribution companies are projected to rise to 600 bln rupees by the end of the current financial year even after financial restructuring, ICRA said. Gireesh Pradhan, a former secretary at the ministry of new and renewable energy is expected to take over as the next chairman of the Central Electricity Regulatory Commission.
* REGULATORY: SEBI has asked credit rating agencies to adopt adequate systems, procedures, and policies to address issues of conflict of interest regarding investments in securities. RBI Governor has cautioned the government, and financial regulators to keep an eye out for dubious investment schemes. The Reserve Bank of India has said it will use its foreign exchange reserves to directly meet the dollar demand of state-owned oil marketing companies through a sell-spot-buy-forward swap facility.
- The Securities and Exchange Board of India is set to review and modify norms that are proving to be hurdles for stock exchanges in listing their own shares through initial public offerings.
* TELECOM: Videocon Mobile Services is planning to roll out fourth generation services by Jul-Aug next year.
