GOLDEN RULES FOR TRADING

FREE DAILY SECTORS ALERT - 24.10.2013

* AUTO: A final date for imposing penalty on General Motors India for its Tavera multi-utility vehicle cannot be given, road minister Oscar Fernandes said.

* AVIATION: Tata Group's proposed venture with Singapore Airlines may be approved by the Foreign Investment Promotion Board today.

* BANKS: Finance ministry has budgeted capital infusion of 140 bln rupees in 20 state-owned banks for the current financial year ending March. Difficulties faced by smaller Indian banks to achieve Basel III targets could lead to consolidation in the banking sector, Standard & Poor's said. RBI received $10.1 bln from banks till date from its foreign exchange swap window. RBI has directed private banks to abide by the Banking Law Amendments Act, 2012, notwithstanding any other clause. International Finance Corp plans $400 mln equity investment in India in the current financial year.

* CHEMICALS: Central Board of Excise and Customs has imposed anti-dumping duty on imports of the chemical dichloromethane exported by European Union , US or South Korea for six months.

* COAL: An inter-ministerial group took up 17 blocks belonging to various private and public sector companies including NTPC. 

* ENERGY: The Petroleum ministry has allowed companies to start producing oil and gas from discoveries even before field investment plans are approved.

* GOLD: Thailand has agreed to keep gold jewellery outside the ambit of concessional duty arrangement with India .

* INFORMATION TECHNOLOGY: A proposed bill that would stem the flow of Indian and other software engineers to the US has resurfaced at the top of the US resolution agenda.

* MINING: Supreme Court will examine the issue of minimum distance of mines from sanctuaries in Goa and pass an order specifically for the state.

* POWER: Luminous Power Technology will commission an inverter battery manufacturing unit in Hosur next month.

* RETAIL: Kimberly-Clark Corp is keen on expanding its presence in the estimated 12-bln-rupee Indian baby care market.