* AUTOMOTIVE: Honda Motorcycle and Scooter India sold 328,965 units in September, the highest-ever monthly sales for the company, against 243,107
units a year ago. Domestic sales of Toyota Kirloskar Motor fell 0.8% on year to 12,015 vehicles in September. Honda Cars India locally sold 6,679 units of its recently-launched Amaze compact sedan in September, which led the company's total domestic volumes up by 88% on year to 10,354 units.
- Luxury carmaker Bentley has launched its Flying Spur sedan in India at a base price of 31 mln rupees ex-Delhi. Yamaha Motor India total sales shot up 42% on year to 60,031 units in September from 42,235 units a year ago.
* AVIATION: Centre for Asia Pacific Aviation has said India's aviation industry would have to eventually move to a hybrid business model, combining low costs and premium services given the country's limited market for full-service airlines.
* CORPORATE: Companies seeking easier terms on their loans face the prospect of ceding management control to lenders under a new scheme being considered by the finance ministry and Indian Banks' Association.
* ECONOMY: Finance Minister P. Chidambaram has said a growth of anything higher than 5% in the Indian economy in the current financial year ending March should be considered satisfactory.
- Chidambaram said the Indian rupee could appreciate to 60 to a dollar if inflows continue to pick up as they did in the last three weeks. Asian Development Bank has cut India 's GDP growth forecast for 2013-14 (Apr-Mar) to 4.7% from 6%.
* ENERGY: The West Bengal government has revised the share purchase agreement for the proposed stake sale in Haldia Petrochemicals to iron out issues raised by bidders.
- State-owned oil marketing companies are estimated to incur daily revenue losses of 4.32 bln rupees in the first half of October on sale of subsidised fuels, an 11% decline from 4.86 bln rupees in the previous fortnight. The power ministry is pushing to separate power supply business and network ownership to enable full open access to consumers.
* FUNDING: Asian Development Bank is planning to fund a $100 mln project to improve secondary education and vocational training in Meghalaya.
* GOVERNMENT: The United Progressive Alliance government on Wednesday withdrew the controversial ordinance on protecting convicted lawmakers from losing their seats.
* INFORMATION TECHNOLOGY: Cognizant has acquired French financial services consulting firm Equinox for an undisclosed sum.
* MINING: The Supreme Court to resume hearing in Goa iron ore mining case Thursday.
* TELECOM: An internal committee of the Department of Telecommunications has rejected the Telecom Regulatory Authority of India's proposal on the new reserve price for spectrum auction.
units a year ago. Domestic sales of Toyota Kirloskar Motor fell 0.8% on year to 12,015 vehicles in September. Honda Cars India locally sold 6,679 units of its recently-launched Amaze compact sedan in September, which led the company's total domestic volumes up by 88% on year to 10,354 units.
- Luxury carmaker Bentley has launched its Flying Spur sedan in India at a base price of 31 mln rupees ex-Delhi. Yamaha Motor India total sales shot up 42% on year to 60,031 units in September from 42,235 units a year ago.
* AVIATION: Centre for Asia Pacific Aviation has said India's aviation industry would have to eventually move to a hybrid business model, combining low costs and premium services given the country's limited market for full-service airlines.
* CORPORATE: Companies seeking easier terms on their loans face the prospect of ceding management control to lenders under a new scheme being considered by the finance ministry and Indian Banks' Association.
* ECONOMY: Finance Minister P. Chidambaram has said a growth of anything higher than 5% in the Indian economy in the current financial year ending March should be considered satisfactory.
- Chidambaram said the Indian rupee could appreciate to 60 to a dollar if inflows continue to pick up as they did in the last three weeks. Asian Development Bank has cut India 's GDP growth forecast for 2013-14 (Apr-Mar) to 4.7% from 6%.
* ENERGY: The West Bengal government has revised the share purchase agreement for the proposed stake sale in Haldia Petrochemicals to iron out issues raised by bidders.
- State-owned oil marketing companies are estimated to incur daily revenue losses of 4.32 bln rupees in the first half of October on sale of subsidised fuels, an 11% decline from 4.86 bln rupees in the previous fortnight. The power ministry is pushing to separate power supply business and network ownership to enable full open access to consumers.
* FUNDING: Asian Development Bank is planning to fund a $100 mln project to improve secondary education and vocational training in Meghalaya.
* GOVERNMENT: The United Progressive Alliance government on Wednesday withdrew the controversial ordinance on protecting convicted lawmakers from losing their seats.
* INFORMATION TECHNOLOGY: Cognizant has acquired French financial services consulting firm Equinox for an undisclosed sum.
* MINING: The Supreme Court to resume hearing in Goa iron ore mining case Thursday.
* TELECOM: An internal committee of the Department of Telecommunications has rejected the Telecom Regulatory Authority of India's proposal on the new reserve price for spectrum auction.
