* AUTO: BMW's India arm will hike prices across models, including its Mini range, by 7-10% from Jan 1. Nissan India has decided to go solo for selling Datsun range of vehicles as it gears up to launch its first car from the mass market brand in 2014.
* COAL: The Supreme Court on Tuesday issued notice to the Enforcement Directorate in the coal block allocation case on a plea saying no properties were attached in relation to money laundering in the scam. Coal ministry will initiate action against 60 companies for slow work on mining coal blocks allocated to them.
* COMMODITIES: Prime Minister Manmohan Singh has appointed a three-member panel to study the rise in sugarcane prices in Maharashtra .
* ECONOMY: Supreme Court issued notices to state governments where Aadhaar scheme has been implemented seeking their stand on the validity of the plan.
* ENERGY: Lower capacity utilisation at oil refineries in October pulled India 's crude refinery throughput down 3.2% on year to 18.67 mln tn. The finance ministry is likely to slash duties on branded fuels, making premium petrol cheaper by 5 rupees per litre and diesel cheaper by 2 rupees.
* EXCHANGES: Bombay High Court has adjourned hearing on all cases on the National Spot Exchange until Dec 5.
* FMCG: Competition Commission of India has rejected allegations of anti- competitive practices levelled against Procter and Gamble Home Products. Bikaji Foods is eyeing minority stake sale to private equity fund.
* HEALTHCARE: Andhra Pradesh government plans to issue detailed policy in February to encourage investments in life sciences-related industries.
* INFORMATION TECHNOLOGY: The industry clocked exports worth $47 bln in Apr-Oct, and is on track to meet its $86 bln export aim in 2013-14 (Apr-Mar).
* INFRASTRUCTURE: Cabinet expert panel has called for a traffic survey on 47 highways to ascertain the veracity of developers' claims of financial stress due to lower toll revenues.
* MUTUAL FUNDS: UTI Asset Management has appointed McKinsey & Co to advise on restructuring its asset management business.
* PHARMACEUTICALS: The government is likely to roll out stricter guidelines for applying for drug patents. Several drugs including anti-allergic Buclizine and anti-asthma Doxofylline that have been banned in major foreign countries on grounds of efficacy and safety may soon be banned by India too.
* REGULATOR: The Reserve Bank of India has said it will charge customers for alerts on short text messages as per usage. RBI has imposed a monetary penalty of 200,000 rupees on Rajsamand Urban Co-operative Bank, for violation of anti-money laundering norms and non- adherence to know-your-customer norms. RBI has imposed a monetary penalty of 500,000 rupees on Sher Nagrik Sahakari Bank for non-adherence to know-your-customers norms among others.
- RBI has recognised industry associations as self-regulatory organisations for non-banking financial companies engaged in microfinance. SEBI has proposed to allow listed companies, RBI-regulated infrastructure debt funds, and non-banking financial companies to file shelf prospectus subject to certain conditions.
* SUGAR: The food ministry will soon seek the Cabinet's approval to provide interest-free loans to cash-starved sugar mills.
* TELECOM: Department of Telecommunications may issue notices to BHARTI AIRTEL, IDEA CELLULAR, and Vodafone over license norm violations.
* COAL: The Supreme Court on Tuesday issued notice to the Enforcement Directorate in the coal block allocation case on a plea saying no properties were attached in relation to money laundering in the scam. Coal ministry will initiate action against 60 companies for slow work on mining coal blocks allocated to them.
* COMMODITIES: Prime Minister Manmohan Singh has appointed a three-member panel to study the rise in sugarcane prices in Maharashtra .
* ECONOMY: Supreme Court issued notices to state governments where Aadhaar scheme has been implemented seeking their stand on the validity of the plan.
* ENERGY: Lower capacity utilisation at oil refineries in October pulled India 's crude refinery throughput down 3.2% on year to 18.67 mln tn. The finance ministry is likely to slash duties on branded fuels, making premium petrol cheaper by 5 rupees per litre and diesel cheaper by 2 rupees.
* EXCHANGES: Bombay High Court has adjourned hearing on all cases on the National Spot Exchange until Dec 5.
* FMCG: Competition Commission of India has rejected allegations of anti- competitive practices levelled against Procter and Gamble Home Products. Bikaji Foods is eyeing minority stake sale to private equity fund.
* HEALTHCARE: Andhra Pradesh government plans to issue detailed policy in February to encourage investments in life sciences-related industries.
* INFORMATION TECHNOLOGY: The industry clocked exports worth $47 bln in Apr-Oct, and is on track to meet its $86 bln export aim in 2013-14 (Apr-Mar).
* INFRASTRUCTURE: Cabinet expert panel has called for a traffic survey on 47 highways to ascertain the veracity of developers' claims of financial stress due to lower toll revenues.
* MUTUAL FUNDS: UTI Asset Management has appointed McKinsey & Co to advise on restructuring its asset management business.
* PHARMACEUTICALS: The government is likely to roll out stricter guidelines for applying for drug patents. Several drugs including anti-allergic Buclizine and anti-asthma Doxofylline that have been banned in major foreign countries on grounds of efficacy and safety may soon be banned by India too.
* REGULATOR: The Reserve Bank of India has said it will charge customers for alerts on short text messages as per usage. RBI has imposed a monetary penalty of 200,000 rupees on Rajsamand Urban Co-operative Bank, for violation of anti-money laundering norms and non- adherence to know-your-customer norms. RBI has imposed a monetary penalty of 500,000 rupees on Sher Nagrik Sahakari Bank for non-adherence to know-your-customers norms among others.
- RBI has recognised industry associations as self-regulatory organisations for non-banking financial companies engaged in microfinance. SEBI has proposed to allow listed companies, RBI-regulated infrastructure debt funds, and non-banking financial companies to file shelf prospectus subject to certain conditions.
* SUGAR: The food ministry will soon seek the Cabinet's approval to provide interest-free loans to cash-starved sugar mills.
* TELECOM: Department of Telecommunications may issue notices to BHARTI AIRTEL, IDEA CELLULAR, and Vodafone over license norm violations.
