* AUTOMOTIVE: UK motorcycle brand Triumph has entered the Indian market with the launch of 10 models.
* AVIATION: India is set to increase Qatar 's entitlement of airline seats as per bilateral traffic rights. Airports Authority of India plans to charge lease rental on six airports that are on the block in the second phase of airport privatisation.
* COMMODITY: Uttar Pradesh government has asked sugar mills in the state to start cane crushing operations between Dec 4 and Dec 7 or face penal action. Indian Sugar Mills Association reiterated that sugar mills in Uttar Pradesh would not be able to function in present conditions and has no appetite for "more losses".
* CORPORATE BONDS: Housing and Urban Development Corp plans to raise at least 5 bln rupees by issuing tax-free bonds maturing in 10, 15 and 20 years. SEBI urged depositories to monitor investment by FIIs and qualified foreign investors in credit enhanced corporate bonds to ensure aggregate does not exceed 90% of the $5 bln limit.
* DISINVESTMENT: Prime Minister Manmohan Singh could decide today on the long-delayed plans to sell government's stake in Balco and HINDUSTAN ZINC.
* ENERGY: Cabinet Committee on Economic Affairs approved extension of the deadline for state distribution companies to avail of loan-restructuring package. Prices of CNG could go up anything between 15 rupees and 20 rupees per kg in Mumbai from Sunday, taking rates to 59 rupees.
* EXCHANGES: BSE has launched the currency and interest rate derivatives exchange with zero transaction fees for the first six months of operation.
* INFORMATION TECHNOLOGY: There is only one fresh "concrete proposal" to set up a semi-conductor manufacturing unit, IT department secretary said.
* INFRASTRUCTURE: The Rangarajan-headed panel has, in principle, agreed on a formula that will allow road developers in stressed projects to backend majority of their annual premium payable to the government. The government is close to finalising a bailout package for road developers.
* INVESTMENT: The Union Cabinet did not take up proposals on revised foreign direct investment policy for the pharmaceutical and realty sectors.
* PHARMA: The government has filed two affidavits in the Supreme Court, defending the new policy on pricing of essential medicines.
* REAL ESTATE: Lodha Group has bought the Canadian high commission's building in central London for 31.20 bln rupees (306 mln pound sterling). Shapoorji Pallonji Group and Canada Pension Plan Investment Board have entered into an alliance to acquire FDI-compliant, stabilised office buildings in Indian cities. Government plans to rope in corporates to provide low-cost rental homes on a large scale in cities and towns.
* REGULATORS: RBI has cancelled the authorisation of Royal Bank of Scotland , India , for conducting primary dealership business with effect from Monday. RBI said it will consider need-based relaxation of 50% limit on equity investment by non-banking financial companies in insurance JV companies.
* TAX: Government is likely to announce solution to the issue of taxation for foreign portfolio investors soon.
* TELECOM: ZTE India expects to generate $800 mln revenue in the country in 2014 and is eying demand from telecom players looking to upgrade network. An inter-ministerial panel is scheduled to meet Tuesday to decide on the long-awaited mergers and acquisitions norms for the telecom industry.
* AVIATION: India is set to increase Qatar 's entitlement of airline seats as per bilateral traffic rights. Airports Authority of India plans to charge lease rental on six airports that are on the block in the second phase of airport privatisation.
* COMMODITY: Uttar Pradesh government has asked sugar mills in the state to start cane crushing operations between Dec 4 and Dec 7 or face penal action. Indian Sugar Mills Association reiterated that sugar mills in Uttar Pradesh would not be able to function in present conditions and has no appetite for "more losses".
* CORPORATE BONDS: Housing and Urban Development Corp plans to raise at least 5 bln rupees by issuing tax-free bonds maturing in 10, 15 and 20 years. SEBI urged depositories to monitor investment by FIIs and qualified foreign investors in credit enhanced corporate bonds to ensure aggregate does not exceed 90% of the $5 bln limit.
* DISINVESTMENT: Prime Minister Manmohan Singh could decide today on the long-delayed plans to sell government's stake in Balco and HINDUSTAN ZINC.
* ENERGY: Cabinet Committee on Economic Affairs approved extension of the deadline for state distribution companies to avail of loan-restructuring package. Prices of CNG could go up anything between 15 rupees and 20 rupees per kg in Mumbai from Sunday, taking rates to 59 rupees.
* EXCHANGES: BSE has launched the currency and interest rate derivatives exchange with zero transaction fees for the first six months of operation.
* INFORMATION TECHNOLOGY: There is only one fresh "concrete proposal" to set up a semi-conductor manufacturing unit, IT department secretary said.
* INFRASTRUCTURE: The Rangarajan-headed panel has, in principle, agreed on a formula that will allow road developers in stressed projects to backend majority of their annual premium payable to the government. The government is close to finalising a bailout package for road developers.
* INVESTMENT: The Union Cabinet did not take up proposals on revised foreign direct investment policy for the pharmaceutical and realty sectors.
* PHARMA: The government has filed two affidavits in the Supreme Court, defending the new policy on pricing of essential medicines.
* REAL ESTATE: Lodha Group has bought the Canadian high commission's building in central London for 31.20 bln rupees (306 mln pound sterling). Shapoorji Pallonji Group and Canada Pension Plan Investment Board have entered into an alliance to acquire FDI-compliant, stabilised office buildings in Indian cities. Government plans to rope in corporates to provide low-cost rental homes on a large scale in cities and towns.
* REGULATORS: RBI has cancelled the authorisation of Royal Bank of Scotland , India , for conducting primary dealership business with effect from Monday. RBI said it will consider need-based relaxation of 50% limit on equity investment by non-banking financial companies in insurance JV companies.
* TAX: Government is likely to announce solution to the issue of taxation for foreign portfolio investors soon.
* TELECOM: ZTE India expects to generate $800 mln revenue in the country in 2014 and is eying demand from telecom players looking to upgrade network. An inter-ministerial panel is scheduled to meet Tuesday to decide on the long-awaited mergers and acquisitions norms for the telecom industry.
