* AGRICULTURE: The Cabinet Committee on Economic Affairs will Thursday take up the proposal seeking a hike in import duty on refined edible oil.
* AUTOMOTIVE: Honda Cars India has raised prices across vehicles in January by 2,600-10,000 rupees on account of cost pressures. Michelin is looking to have a bigger play in the Indian two-wheeler market for which it is expanding its product portfolio.
* BANKING: The Reserve Bank of India has said that co-operative banks must achieve a minimum capital to risk weighted assets ratio of 9% in a phased
manner over three years.
* DIVESTMENT: The proposal to sell the government's residual 49% stake in Bharat Aluminium Co is unlikely to see any action in the current financial year ending March.
* ECONOMY: The government has intensified pressure on Switzerland to provide information on tax evaders and Indian bank account holders.
* INFORMATION TECHNOLOGY: Bengaluru-based Little Eye Labs has become the first Indian firm to be bought by Facebook, for around $15 mln.
* INVESTMENT: CDC Group will purchase a significant minority stake in Pristine Logistics and Infrastructure for 2 bln rupees.
* NBFC: The Reserve Bank of India raised the loan-to-value ratio that gold loan non-banking financial companies have to maintain to up to 75% for loans
granted against gold jewellery as collateral from 60% at present.
* POULTRY: Suguna Foods plans to double its turnover to 100 bln rupees by 2016-17 (Apr-Mar), by expanding retail outlets and introducing new products.
* POWER: Welspun Group's arm Welspun Energy has signed an agreement with the Punjab government to set up a 150 MW solar project in the state. Ratnagiri Gas and Power, which owes 85 bln rupees to lenders including IDBI BANK, ICICI BANK, STATE BANK OF INDIA and CANARA BANK, may default on its next payment. The government will launch its first wind energy mission this year to give a boost to the renewable source. Solar power plants of RELIANCE POWER, Lanco and others are seeking higher tariffs.
* REAL ESTATE: Tata Housing Development Co has announced the launch of its luxury residential project ' Gateway Towers ' in Mulund, a central suburb of
Mumbai.
* REGULATORY: The Securities and Exchange Board of India has issued operational guidelines to facilitate the registration of foreign portfolio investors through designated depository participants. SEBI has barred West Bengal-based MPS Greenery Developers Ltd and MPS Food Products Ltd from selling their shares and paying dividend.
-Insurance Regulatory and Development Authority Chairman Vijayan has said a single policy covering all basic insurance needs together with options for
customisation would be more effective in increasing insurance penetration in the country.
-The Central Board of Excise and Customs has said companies in Jammu and Kashmir can avail of a second excise duty exemption for goods manufactured on
second substantial expansion of units.
* STEEL: Finance Minister Chidambaram has said he has been informed that the land acquisition process of the Indian arm of POSCO in Odisha has been
completed.
* TELECOM: The auction of 700 Mhz spectrum is likely to be delayed by two years. Vodafone India has said it would let mobile app developers and content
sellers receive payments through its billing service.
-The meeting of the Group of Ministers, constituted to look into the revival plans for Bharat Sanchar Nigam and Mahanagar Telephone Nigam, ended
inconclusively.
-The Cabinet on Thursday will take up the issue of surrender of broadband wireless access or 4G spectrum by Bharat Sanchar Nigam and Mahanagar
Telephone Nigam.
-Bharat Sanchar Nigam has asked the government to foot half its salary bill as part of the revival plan.
* AUTOMOTIVE: Honda Cars India has raised prices across vehicles in January by 2,600-10,000 rupees on account of cost pressures. Michelin is looking to have a bigger play in the Indian two-wheeler market for which it is expanding its product portfolio.
* BANKING: The Reserve Bank of India has said that co-operative banks must achieve a minimum capital to risk weighted assets ratio of 9% in a phased
manner over three years.
* DIVESTMENT: The proposal to sell the government's residual 49% stake in Bharat Aluminium Co is unlikely to see any action in the current financial year ending March.
* ECONOMY: The government has intensified pressure on Switzerland to provide information on tax evaders and Indian bank account holders.
* INFORMATION TECHNOLOGY: Bengaluru-based Little Eye Labs has become the first Indian firm to be bought by Facebook, for around $15 mln.
* INVESTMENT: CDC Group will purchase a significant minority stake in Pristine Logistics and Infrastructure for 2 bln rupees.
* NBFC: The Reserve Bank of India raised the loan-to-value ratio that gold loan non-banking financial companies have to maintain to up to 75% for loans
granted against gold jewellery as collateral from 60% at present.
* POULTRY: Suguna Foods plans to double its turnover to 100 bln rupees by 2016-17 (Apr-Mar), by expanding retail outlets and introducing new products.
* POWER: Welspun Group's arm Welspun Energy has signed an agreement with the Punjab government to set up a 150 MW solar project in the state. Ratnagiri Gas and Power, which owes 85 bln rupees to lenders including IDBI BANK, ICICI BANK, STATE BANK OF INDIA and CANARA BANK, may default on its next payment. The government will launch its first wind energy mission this year to give a boost to the renewable source. Solar power plants of RELIANCE POWER, Lanco and others are seeking higher tariffs.
* REAL ESTATE: Tata Housing Development Co has announced the launch of its luxury residential project ' Gateway Towers ' in Mulund, a central suburb of
Mumbai.
* REGULATORY: The Securities and Exchange Board of India has issued operational guidelines to facilitate the registration of foreign portfolio investors through designated depository participants. SEBI has barred West Bengal-based MPS Greenery Developers Ltd and MPS Food Products Ltd from selling their shares and paying dividend.
-Insurance Regulatory and Development Authority Chairman Vijayan has said a single policy covering all basic insurance needs together with options for
customisation would be more effective in increasing insurance penetration in the country.
-The Central Board of Excise and Customs has said companies in Jammu and Kashmir can avail of a second excise duty exemption for goods manufactured on
second substantial expansion of units.
* STEEL: Finance Minister Chidambaram has said he has been informed that the land acquisition process of the Indian arm of POSCO in Odisha has been
completed.
* TELECOM: The auction of 700 Mhz spectrum is likely to be delayed by two years. Vodafone India has said it would let mobile app developers and content
sellers receive payments through its billing service.
-The meeting of the Group of Ministers, constituted to look into the revival plans for Bharat Sanchar Nigam and Mahanagar Telephone Nigam, ended
inconclusively.
-The Cabinet on Thursday will take up the issue of surrender of broadband wireless access or 4G spectrum by Bharat Sanchar Nigam and Mahanagar
Telephone Nigam.
-Bharat Sanchar Nigam has asked the government to foot half its salary bill as part of the revival plan.
