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* AUTOMOTIVE: Luxury carmaker Audi India sold 875 units in August, up 21% on year. BMW India is seeking the assistance of the German government in dealing with a 6.50-bln-rupee duty evasion case slapped on it by tax authorities.
* AVIATION: Air India will start direct flights from Mumbai to Allahabad , Agra , and Gwalior from Monday.
* BANKING: Some banks do not need the Reserve Bank of India 's approval to issue a guarantee on behalf of non-resident Indians who wish to buy shares or convertible debentures of Indian companies through open offers, delisting or exit offers. Users of prepaid payment instruments issued by banks can withdraw cash at point of sale terminals.
* ECONOMY: Finance Minister P. Chidambaram today said while the current moderation in economic growth was indeed a concern, there was no reason for "gloom and pessimism" as India will surely bounce back. Leaders of Brazil , Russia , India , China , and South Africa agreed to set up a $100-bln contingent reserve arrangement to guard against financial shocks, with India agreeing to contribute $18 bln to the fund.
* ENERGY: The cumulative coal production in the Apr-Aug period grew around 3% on year to 167.32 mln tn. The Fertilizer Corporation of India has signed a memorandum of agreement with COAL INDIA , GAIL INDIA, and RASHTRIYA CHEMICALS AND FERTILIZERS for revival of its Talcher urea plant in Odisha.
-The central government and the Central Bureau of Investigation Thursday took contradictory stands in the coal block award case before the Supreme Court that is pondering if the government's sanction is required for the Investigating agency to probe any officer of joint-secretary rank or above.
* GOVERNMENT: West Bengal government plans to start a small savings scheme called 'Safe Savings Scheme' from Oct 5 to provide a secure investment option to small depositors.
* OIL AND GAS: Government has made adequate arrangements to ensure smooth imports of crude oil from sanction-hit Iran .
* REAL ESTATE: Demand for real estate in Hyderabad is likely to revive in the next six months as clarity on the proposed bifurcation of Andhra Pradesh emerges.
* TELECOM: Samsung beat competitor Apple in the race to introduce a smartwatch ' Galaxy Gear'. India will be one of the first 129 countries where the wearable device will be available on Sep 25.
* AUTOMOTIVE: Luxury carmaker Audi India sold 875 units in August, up 21% on year. BMW India is seeking the assistance of the German government in dealing with a 6.50-bln-rupee duty evasion case slapped on it by tax authorities.
* AVIATION: Air India will start direct flights from Mumbai to Allahabad , Agra , and Gwalior from Monday.
* BANKING: Some banks do not need the Reserve Bank of India 's approval to issue a guarantee on behalf of non-resident Indians who wish to buy shares or convertible debentures of Indian companies through open offers, delisting or exit offers. Users of prepaid payment instruments issued by banks can withdraw cash at point of sale terminals.
* ECONOMY: Finance Minister P. Chidambaram today said while the current moderation in economic growth was indeed a concern, there was no reason for "gloom and pessimism" as India will surely bounce back. Leaders of Brazil , Russia , India , China , and South Africa agreed to set up a $100-bln contingent reserve arrangement to guard against financial shocks, with India agreeing to contribute $18 bln to the fund.
* ENERGY: The cumulative coal production in the Apr-Aug period grew around 3% on year to 167.32 mln tn. The Fertilizer Corporation of India has signed a memorandum of agreement with COAL INDIA , GAIL INDIA, and RASHTRIYA CHEMICALS AND FERTILIZERS for revival of its Talcher urea plant in Odisha.
-The central government and the Central Bureau of Investigation Thursday took contradictory stands in the coal block award case before the Supreme Court that is pondering if the government's sanction is required for the Investigating agency to probe any officer of joint-secretary rank or above.
* GOVERNMENT: West Bengal government plans to start a small savings scheme called 'Safe Savings Scheme' from Oct 5 to provide a secure investment option to small depositors.
* OIL AND GAS: Government has made adequate arrangements to ensure smooth imports of crude oil from sanction-hit Iran .
* REAL ESTATE: Demand for real estate in Hyderabad is likely to revive in the next six months as clarity on the proposed bifurcation of Andhra Pradesh emerges.
* TELECOM: Samsung beat competitor Apple in the race to introduce a smartwatch ' Galaxy Gear'. India will be one of the first 129 countries where the wearable device will be available on Sep 25.
