SECTORS ALERT – 01.07.2014
* AUTOMOTIVE: Japan's Yamaha is working on a project to develop a small bike
for India, which it aims to sell for around 30,000 rupees.
* AVIATION: Air India continues to maintain international offices, with a fifth of
these at destinations where it has no direct operations.
* CONGLOMERATE: Emami Group is set to acquire Shrachi group's 32% stake in
hospital chain AMRI Hospitals.
* DEFENCE: French Foreign Minister Laurent Fabius pushed for a $12-bln deal to
sell Rafale combat aircraft to India in his meetings with his Indian counterpart
Sushma Swaraj and Defence Minister Arun Jaitley on Monday.
* GOLD: The Central Board of Excise and Customs has raised the base import
price of gold by $17 to $428 per 10 gm from $411 fixed on Jun 13.
* GOVERNMENT: Delhi government will add 415,422 persons under the purview
of the National Food Security Act in the capital. India and China have signed a
memorandum of understanding on the creation of industrial parks, with the
government agreeing to grant them the same status in line with the Special
Economic Zones and National Investment and Management Zones.
* OIL AND GAS: Niko Resources and partners in the KG-D6 block, RELIANCE
INDUSTRIES and British Petroleum, will collectively defer investment plans in
the asset on account of indecision on gas price revision.
* POWER: The coal ministry has rejected the power ministry's plea to allow
medium-and short-term electricity purchase agreements to secure fuel linkages.
* REGULATORY: RBI will not issue instructions relating to deduction of tax at
source when allowing remittances to non-residents. Indian financial institutions
and their branches have time until Dec 31 to register with US authorities and
obtain a Global Intermediary Identification Number. Merrill Lynch International
has settled a case related to takeover norm violation with the SEBI, by paying a
penalty of 4.03 mln rupees. Forward Markets Commission has directed
exchanges to expel members who have been expelled by any commodityexchange with immediate effect.
* ROADS: Bombay High Court has granted interim relief to 44 toll booth
contractors in Maharashtra by granting a stay on their demolition.
* TAXATION: The government's tax collections during Apr-May rose 8.7% on
year to 845.16 bln rupees.
* TELECOM: The Department of Telecommunications has reiterated that there
was no wrongdoing in allowing RELIANCE INDUSTRIES' Reliance Jio to convert
its internet service provider permit into a unified licence, or in the auction of
broadband wireless spectrum
* AUTOMOTIVE: Japan's Yamaha is working on a project to develop a small bike
for India, which it aims to sell for around 30,000 rupees.
* AVIATION: Air India continues to maintain international offices, with a fifth of
these at destinations where it has no direct operations.
* CONGLOMERATE: Emami Group is set to acquire Shrachi group's 32% stake in
hospital chain AMRI Hospitals.
* DEFENCE: French Foreign Minister Laurent Fabius pushed for a $12-bln deal to
sell Rafale combat aircraft to India in his meetings with his Indian counterpart
Sushma Swaraj and Defence Minister Arun Jaitley on Monday.
* GOLD: The Central Board of Excise and Customs has raised the base import
price of gold by $17 to $428 per 10 gm from $411 fixed on Jun 13.
* GOVERNMENT: Delhi government will add 415,422 persons under the purview
of the National Food Security Act in the capital. India and China have signed a
memorandum of understanding on the creation of industrial parks, with the
government agreeing to grant them the same status in line with the Special
Economic Zones and National Investment and Management Zones.
* OIL AND GAS: Niko Resources and partners in the KG-D6 block, RELIANCE
INDUSTRIES and British Petroleum, will collectively defer investment plans in
the asset on account of indecision on gas price revision.
* POWER: The coal ministry has rejected the power ministry's plea to allow
medium-and short-term electricity purchase agreements to secure fuel linkages.
* REGULATORY: RBI will not issue instructions relating to deduction of tax at
source when allowing remittances to non-residents. Indian financial institutions
and their branches have time until Dec 31 to register with US authorities and
obtain a Global Intermediary Identification Number. Merrill Lynch International
has settled a case related to takeover norm violation with the SEBI, by paying a
penalty of 4.03 mln rupees. Forward Markets Commission has directed
exchanges to expel members who have been expelled by any commodityexchange with immediate effect.
* ROADS: Bombay High Court has granted interim relief to 44 toll booth
contractors in Maharashtra by granting a stay on their demolition.
* TAXATION: The government's tax collections during Apr-May rose 8.7% on
year to 845.16 bln rupees.
* TELECOM: The Department of Telecommunications has reiterated that there
was no wrongdoing in allowing RELIANCE INDUSTRIES' Reliance Jio to convert
its internet service provider permit into a unified licence, or in the auction of
broadband wireless spectrum
