* AIRPORTS: The project-affected persons of the proposed Navi Mumbai airport have agreed to the state government's offer of 22.5% of developed land in exchange of land acquired. GVK POWER & INFRASTRUCTURE has the right of first refusal for infrastructure development.
* BANKS AND FINANCIAL SERVICES: Ajay Piramal is close to acquiring a 20% stake in Shriram Capital for 19 bln rupees.
* COAL: An inter-ministerial group is likely to recommend de-allocation of around 10 blocks belonging to various companies.
* COMMODITIES: India allowed export of 10,000 tn of sugar to the European Union under the preferential quota during the marketing year that began Oct 1.
* COURTS: The Supreme Court has issued notices to Bharat Aluminium Co and the Chhattisgarh government on a plea alleging illegal possession of land around
its Korba plant. A plea filed in Supreme Court sought directions to Serious Fraud Investigation Office to produce the probe reports on illegalities in Niira Radia tapes.
* DEBT: India is considering membership to the world's biggest bond settlement system, Euro clear Bank SA's settlement platform, to woo investment in sovereign debt.
* ECONOMY: Economic Affairs Secretary Arvind Mayaram said India needs new instruments for infrastructure sector's debt financing. The Appointments Committee of the Cabinet appointed Ratan P. Watal as the new expenditure secretary with effect from Dec 1. World Bank will provide $236-mln loan to finance a project to mitigate risks associated with hydro-meteorological and geophysical hazards in the coastal region of Tamil Nadu and Puducherry. Finance Minister P. Chidambaram today warned service tax defaulters of stringent punishment.
* FMCG: PepsiCO plans to invest 330 bln rupees in the Indian market by 2020 towards in innovation, manufacturing, infrastructure, and agriculture.
* GOVERNMENT: The winter session of Parliament will begin on Dec 5 and end on Dec 20, sources said.
* OIL AND GAS: Iraq is willing to double the credit period on crude sales to 60 days if Indian refiners buy more in 2014.
* METALS: Vedanta Aluminium is set to scale up capacity utilisation at its Lanjigarh unit in Odisha to the rated capacity of 1 mln tn per annum by December.
* RAILWAYS: Indian Railway Finance Corp plans to raise around $600 mln through external commercial borrowings.
* REGULATORS: India 's current account deficit may fall to 3% of the gross domestic product in 2013-14 (Apr-Mar), RBI Deputy Governor Raghuram Rajan said. Transfer of shares of financial services sector companies from resident Indians to non-resident Indians will no longer need a no objection certificate by respective regulator or regulators, the RBI said. RBI net sold dollars to the tune of $3.55 bln in September, compared with net sales of $2.46 bln in August. RBI said that foreign institutional investors can invest $5 bln in credit enhanced corporate bonds.
* RETAIL: Marks & Spencer plans to make India its largest market outside UK with 80 stores in the country by 2016.
* BANKS AND FINANCIAL SERVICES: Ajay Piramal is close to acquiring a 20% stake in Shriram Capital for 19 bln rupees.
* COAL: An inter-ministerial group is likely to recommend de-allocation of around 10 blocks belonging to various companies.
* COMMODITIES: India allowed export of 10,000 tn of sugar to the European Union under the preferential quota during the marketing year that began Oct 1.
* COURTS: The Supreme Court has issued notices to Bharat Aluminium Co and the Chhattisgarh government on a plea alleging illegal possession of land around
its Korba plant. A plea filed in Supreme Court sought directions to Serious Fraud Investigation Office to produce the probe reports on illegalities in Niira Radia tapes.
* DEBT: India is considering membership to the world's biggest bond settlement system, Euro clear Bank SA's settlement platform, to woo investment in sovereign debt.
* ECONOMY: Economic Affairs Secretary Arvind Mayaram said India needs new instruments for infrastructure sector's debt financing. The Appointments Committee of the Cabinet appointed Ratan P. Watal as the new expenditure secretary with effect from Dec 1. World Bank will provide $236-mln loan to finance a project to mitigate risks associated with hydro-meteorological and geophysical hazards in the coastal region of Tamil Nadu and Puducherry. Finance Minister P. Chidambaram today warned service tax defaulters of stringent punishment.
* FMCG: PepsiCO plans to invest 330 bln rupees in the Indian market by 2020 towards in innovation, manufacturing, infrastructure, and agriculture.
* GOVERNMENT: The winter session of Parliament will begin on Dec 5 and end on Dec 20, sources said.
* OIL AND GAS: Iraq is willing to double the credit period on crude sales to 60 days if Indian refiners buy more in 2014.
* METALS: Vedanta Aluminium is set to scale up capacity utilisation at its Lanjigarh unit in Odisha to the rated capacity of 1 mln tn per annum by December.
* RAILWAYS: Indian Railway Finance Corp plans to raise around $600 mln through external commercial borrowings.
* REGULATORS: India 's current account deficit may fall to 3% of the gross domestic product in 2013-14 (Apr-Mar), RBI Deputy Governor Raghuram Rajan said. Transfer of shares of financial services sector companies from resident Indians to non-resident Indians will no longer need a no objection certificate by respective regulator or regulators, the RBI said. RBI net sold dollars to the tune of $3.55 bln in September, compared with net sales of $2.46 bln in August. RBI said that foreign institutional investors can invest $5 bln in credit enhanced corporate bonds.
* RETAIL: Marks & Spencer plans to make India its largest market outside UK with 80 stores in the country by 2016.
