* AVIATION: Etihad Airways will consider more equity investments in carriers if the investments add value. IndiGo reported a six-fold jump in net profit to 7.87 bln rupees in the year to March.
* BANKS: Banks start withdrawing zero-interest monthly installment schemes after the Reserve Bank of India 's advisory against the practice of banks offering customers the option of staggered payments on big-ticket purchases.
* BROADCAST: New Silk Route has started discussions to sell its 80% stake in 9X Media.
* COMPANIES: Tata Group chairman Cyrus Mistry bought shares in four group companies over the last few days. Essar group is tapping loans from Chinese banks to cut the cost of funding their oil to steel empire. Maxis Communications Berhad has told Central Bureau of Investigation that it is yet to get the $7.9-mln payment towards legal costs imposed on Siva Ventures.
* DIVESTMENT: The government has postponed the launch of Central Public Sector Enterprise Exchange Traded Fund to January to make way for big-ticket divestment plans for state-owned companies like COAL INDIA and INDIAN OIL CORP.
* ENERGY: State transport units may be allowed to buy diesel at a subsidised price with an aim in to encourage public transport. India and US are pushing Nuclear Power Corp of India and Westinghouse Electric Co to expedite commercial discussions for 30,000 MW nuclear generation in the public sector in 20 years.
- Power Finance Corp will start inviting bids for 4,000 MW units each in Odisha and Tamil Nadu starting Sep 25.
* EXCHANGES: Futures contracts on S&P BSE 100 Index have received certification from US-based Commodity Futures Trading Commission that will allow futures contracts to be offered or sold to persons in the US . The Enforcement Directorate and Mumbai police have found possible indications of money laundering in National Spot Exchange.
* ENGINEERING: US-based Emerson Group will purchase Pune-based Virgo Valves and Controls for about $450 mln.
* GOLD: India 's gold jewellery exports rose to $561-mln in August from $441-mln in July.
* INFRASTRUCTURE: The Cabinet Committee on Economic Affairs approved the development of 19.43-bln-rupee Jawaharlal Nehru Port Trust port road project in Maharashtra on a build, operate and transfer basis. Cabinet Committee on Economic Affairs has approved four-laning of the Solapur-Yedeshi section of National Highway 211 in Maharashtra .
- The Cabinet Committee on Economic Affairs allowed infrastructure debt funds to take over existing bank loans, thereby stretching the tenure of the loans and facilitating long-term financing to infrastructure projects.
* PHARMACEUTICAL: US Food and Drug Administration is recruiting additional drug investigators to increase inspection of drug makers in India .
* RAILWAYS: Plans to invite bids to develop five stations under the public- private partnership model.
* STEEL: Karnataka government has started the process to auction iron ore mines as per a Supreme Court directive. Vedanta Group is optimistic that the Odisha government will soon allot another mine for its refinery in Niyamgiri after 12 gram sabhas voted against allowing the company to mine bauxite at the site.
* OIL AND GAS: The Cabinet Committee on Economic Affairs approved a policy that allows exploration of shale oil and gas only by state-owned exploration companies on acreages-under-the-nomination regime.
- Government is considering a new proposal to hike diesel prices by 90 paise per ltr every month or 50 paise every 15 days, and a 10-rupee per cylinder increase in cooking gas prices from Oct 1.
* RETAIL: L Capital Asia, investor in Genesis Luxury, wants to exit the company and has asked its founder to either buy out its 40% stake or sell the company altogether. Parle Agro is re-entering the carbonated soft drinks market in India with the launch of Cafe Cuba , a carbonated coffee drink.
* TAX: TILAKNAGAR INDUSTRIES has come under the Income-Tax Department's scanner after its survey raised doubts over the mega project status claimed by the company for its Shrirampur distillery. The tax department carried out search operation at offices and homes of several executives of Anand Rathi Financial Services.
* BANKS: Banks start withdrawing zero-interest monthly installment schemes after the Reserve Bank of India 's advisory against the practice of banks offering customers the option of staggered payments on big-ticket purchases.
* BROADCAST: New Silk Route has started discussions to sell its 80% stake in 9X Media.
* COMPANIES: Tata Group chairman Cyrus Mistry bought shares in four group companies over the last few days. Essar group is tapping loans from Chinese banks to cut the cost of funding their oil to steel empire. Maxis Communications Berhad has told Central Bureau of Investigation that it is yet to get the $7.9-mln payment towards legal costs imposed on Siva Ventures.
* DIVESTMENT: The government has postponed the launch of Central Public Sector Enterprise Exchange Traded Fund to January to make way for big-ticket divestment plans for state-owned companies like COAL INDIA and INDIAN OIL CORP.
* ENERGY: State transport units may be allowed to buy diesel at a subsidised price with an aim in to encourage public transport. India and US are pushing Nuclear Power Corp of India and Westinghouse Electric Co to expedite commercial discussions for 30,000 MW nuclear generation in the public sector in 20 years.
- Power Finance Corp will start inviting bids for 4,000 MW units each in Odisha and Tamil Nadu starting Sep 25.
* EXCHANGES: Futures contracts on S&P BSE 100 Index have received certification from US-based Commodity Futures Trading Commission that will allow futures contracts to be offered or sold to persons in the US . The Enforcement Directorate and Mumbai police have found possible indications of money laundering in National Spot Exchange.
* ENGINEERING: US-based Emerson Group will purchase Pune-based Virgo Valves and Controls for about $450 mln.
* GOLD: India 's gold jewellery exports rose to $561-mln in August from $441-mln in July.
* INFRASTRUCTURE: The Cabinet Committee on Economic Affairs approved the development of 19.43-bln-rupee Jawaharlal Nehru Port Trust port road project in Maharashtra on a build, operate and transfer basis. Cabinet Committee on Economic Affairs has approved four-laning of the Solapur-Yedeshi section of National Highway 211 in Maharashtra .
- The Cabinet Committee on Economic Affairs allowed infrastructure debt funds to take over existing bank loans, thereby stretching the tenure of the loans and facilitating long-term financing to infrastructure projects.
* PHARMACEUTICAL: US Food and Drug Administration is recruiting additional drug investigators to increase inspection of drug makers in India .
* RAILWAYS: Plans to invite bids to develop five stations under the public- private partnership model.
* STEEL: Karnataka government has started the process to auction iron ore mines as per a Supreme Court directive. Vedanta Group is optimistic that the Odisha government will soon allot another mine for its refinery in Niyamgiri after 12 gram sabhas voted against allowing the company to mine bauxite at the site.
* OIL AND GAS: The Cabinet Committee on Economic Affairs approved a policy that allows exploration of shale oil and gas only by state-owned exploration companies on acreages-under-the-nomination regime.
- Government is considering a new proposal to hike diesel prices by 90 paise per ltr every month or 50 paise every 15 days, and a 10-rupee per cylinder increase in cooking gas prices from Oct 1.
* RETAIL: L Capital Asia, investor in Genesis Luxury, wants to exit the company and has asked its founder to either buy out its 40% stake or sell the company altogether. Parle Agro is re-entering the carbonated soft drinks market in India with the launch of Cafe Cuba , a carbonated coffee drink.
* TAX: TILAKNAGAR INDUSTRIES has come under the Income-Tax Department's scanner after its survey raised doubts over the mega project status claimed by the company for its Shrirampur distillery. The tax department carried out search operation at offices and homes of several executives of Anand Rathi Financial Services.
