* AUTOMOBILE: Ford India today said that it is on track to commissioning its Sanand facility, which is expected to be operational by end of 2014.
* BANKING: HSBC has decided not to exit its insurance venture with public sector lenders CANARA BANK and ORIENTAL BANK OF COMMERCE.
* ENERGY: RELIANCE INDUSTRIES, INDIAN OIL CORP, and OIL AND NATURAL GAS may pick up 25% stake in the Gujarat government's liquefied natural gas import terminal at Mundra. The power ministry is seeking coal linkage requirement of 33,000 MW from the coal ministry for the Thirteenth Five-Year Plan. The Turkmenistan-Afghanistan-Pakistan-India pipeline seems to have gained some momentum with the Asian Development Bank being appointed as transaction adviser for the project.
* INFORMATION TECHNOLOGY: Cognizant Technology Solutions Corp, which plans to employ 10,000 local workers in the US over the next three years, does not expect costs to go up as a result of the hiring.
* INFRASTRUCTURE: RBI has allowed holding companies to raise funds through external commercial borrowings under automatic and approval routes, as long as they are for special purpose vehicles formed for an infrastructure project.
* MEDIA: The much-awaited FM radio phase III auction is unlikely to be concluded in the current financial year.
* MINING: The steel ministry has moved the Supreme Court seeking directions to expedite resumption of iron ore mining in Karnataka citing "acute exigency" of
raw material for the iron and steel industry.
* TELECOM: The Empowered Group of Ministers decided that the government will put on block 403 Mhz of spectrum in the 1,800 Mhz bandwidth for the upcoming auction scheduled for January. To encourage telemarketers to register with Telecom Regulatory Authority of India, the regulator has reduced the registration fees and security deposit that they have to deposit with the service providers, by 50% each.
* BANKING: HSBC has decided not to exit its insurance venture with public sector lenders CANARA BANK and ORIENTAL BANK OF COMMERCE.
* ENERGY: RELIANCE INDUSTRIES, INDIAN OIL CORP, and OIL AND NATURAL GAS may pick up 25% stake in the Gujarat government's liquefied natural gas import terminal at Mundra. The power ministry is seeking coal linkage requirement of 33,000 MW from the coal ministry for the Thirteenth Five-Year Plan. The Turkmenistan-Afghanistan-Pakistan-India pipeline seems to have gained some momentum with the Asian Development Bank being appointed as transaction adviser for the project.
* INFORMATION TECHNOLOGY: Cognizant Technology Solutions Corp, which plans to employ 10,000 local workers in the US over the next three years, does not expect costs to go up as a result of the hiring.
* INFRASTRUCTURE: RBI has allowed holding companies to raise funds through external commercial borrowings under automatic and approval routes, as long as they are for special purpose vehicles formed for an infrastructure project.
* MEDIA: The much-awaited FM radio phase III auction is unlikely to be concluded in the current financial year.
* MINING: The steel ministry has moved the Supreme Court seeking directions to expedite resumption of iron ore mining in Karnataka citing "acute exigency" of
raw material for the iron and steel industry.
* TELECOM: The Empowered Group of Ministers decided that the government will put on block 403 Mhz of spectrum in the 1,800 Mhz bandwidth for the upcoming auction scheduled for January. To encourage telemarketers to register with Telecom Regulatory Authority of India, the regulator has reduced the registration fees and security deposit that they have to deposit with the service providers, by 50% each.
