* AVIATION: Tata Sons hopes to get timely
approval from government for their joint venture with Singapore Airlines, a
group official said. Government may soon decide on relaxing the norms of five
years of domestic flying and a 20-aircraft fleet to allow Indian carriers to
operate abroad.
* BANKING: Banking secretary has said the 50 basis point cut in marginal standing facility rate will have a positive impact on the economy. RBI will conduct term repos of 7-day and 14-day every Friday starting this week.
* ENERGY: Regulatory authorities are obstructing oil minister Veerappa Moily's measures to resolve the controversy around Reliance Industries' KG-D6 field
with the help of an international expert.
* EXCHANGES: The BSE decided to shift shares of 56 companies to the trade-for- trade segment with a circuit filter of 5%, effective Friday.
* FDI: The Department of Industrial Policy and Promotion is learnt to have given its approval to Hennes & Mauritz AB's 7-bln-rupee investment proposal.
* HOSPITALITY: Leela Palaces , Hotels and Resorts said it has decided to discontinue its 25-year-old branding alliance with the German hotel group Kempinski.
* INSURANCE: Shriram Life Insurance is eyeing the 49% foreign direct investment norm for insurers for Sanlam Group to up stake in the company from 26% at present.
* METALS: Indian lenders to debt-laden Essar Steel have agreed to guarantee a $2-bln overseas loan for the steelmaker, which would allow it to repay a part of its 315-bln-rupee-denominated debt.
* REALTY: Tata Housing and Development Co has undertaken before the Supreme Court that it would maintain status quo at its 18-bln-rupee Camelot project, located in the Sukhna Lake 's catchment area in Chandigarh .
* REGULATORS: Reserve Bank of India Deputy Governor Khan said India 's current account deficit is expected to be lower than last year's level. BSE and Deutsche Borse announced a pact under which the latter will act as an exclusive licensor of the former's market data and information products to all international clients.
* RETAIL: Commerce Minister Anand Sharma ruled out any further relaxation in the multi-brand retail policy, saying that the government cannot come up with 'company-specific' policies.
* TELECOM: The government is likely to issue detailed guidelines for sharing spectrum and announce "in principle" approval for trading in airwaves before it holds the next round of bandwidth auctions.
- LG India may consider manufacturing smartphones in the country when it captures 10% share of the 359-bln-rupee Indian handset market, Managing Director Kwon has said.
- Vodafone India has the money and intent to acquire smaller operators in the country to expand its business, but is awaiting clarity on mergers and acquisitions rules from the government, Chief Executive Officer Pieters said.
* BANKING: Banking secretary has said the 50 basis point cut in marginal standing facility rate will have a positive impact on the economy. RBI will conduct term repos of 7-day and 14-day every Friday starting this week.
* ENERGY: Regulatory authorities are obstructing oil minister Veerappa Moily's measures to resolve the controversy around Reliance Industries' KG-D6 field
with the help of an international expert.
* EXCHANGES: The BSE decided to shift shares of 56 companies to the trade-for- trade segment with a circuit filter of 5%, effective Friday.
* FDI: The Department of Industrial Policy and Promotion is learnt to have given its approval to Hennes & Mauritz AB's 7-bln-rupee investment proposal.
* HOSPITALITY: Leela Palaces , Hotels and Resorts said it has decided to discontinue its 25-year-old branding alliance with the German hotel group Kempinski.
* INSURANCE: Shriram Life Insurance is eyeing the 49% foreign direct investment norm for insurers for Sanlam Group to up stake in the company from 26% at present.
* METALS: Indian lenders to debt-laden Essar Steel have agreed to guarantee a $2-bln overseas loan for the steelmaker, which would allow it to repay a part of its 315-bln-rupee-denominated debt.
* REALTY: Tata Housing and Development Co has undertaken before the Supreme Court that it would maintain status quo at its 18-bln-rupee Camelot project, located in the Sukhna Lake 's catchment area in Chandigarh .
* REGULATORS: Reserve Bank of India Deputy Governor Khan said India 's current account deficit is expected to be lower than last year's level. BSE and Deutsche Borse announced a pact under which the latter will act as an exclusive licensor of the former's market data and information products to all international clients.
* RETAIL: Commerce Minister Anand Sharma ruled out any further relaxation in the multi-brand retail policy, saying that the government cannot come up with 'company-specific' policies.
* TELECOM: The government is likely to issue detailed guidelines for sharing spectrum and announce "in principle" approval for trading in airwaves before it holds the next round of bandwidth auctions.
- LG India may consider manufacturing smartphones in the country when it captures 10% share of the 359-bln-rupee Indian handset market, Managing Director Kwon has said.
- Vodafone India has the money and intent to acquire smaller operators in the country to expand its business, but is awaiting clarity on mergers and acquisitions rules from the government, Chief Executive Officer Pieters said.
