SECTORS ALERT – 03.07.2014
* AGRICULTURE: Earth Sciences Minister Jitendra Singh said there is no need to
"panic" because of below-normal rains so far this monsoon season.
* AUTOMOBILES: Prime Minister Narendra Modi wants Ford Motor Co to put
Sanand and India on the global manufacturing map by exporting cars in large
numbers from the facility. French carmaker Renault has hiked prices of its vehicles in India
by 1% from Jul 1.
* AVIATION: IndiGo is planning to launch an initial public offering to raise $250
mln-$300 mln.
* CEMENT: Real estate developers plan to move the Competition Commission of
India against alleged cartelisation by cement producers.
* DEFENCE: India is likely to opt for a calibrated opening up of defence
production to foreign direct investment.
* EDUCATION: Private equity fund New Silk Route has put its 25% stake in
south India's Sri Chaitanya Educational Group on the block.
* ENERGY: The government has decided to defer any possible hikes in prices of
cooking gas and kerosene in some states where the oil marketing companies
incur additional levies, which were being recovered from consumers.
* GOVERNMENT: The Maharashtra government will ask for an additional 22,000
tn of foodgrain from the Central government in order to provide 35 kg of
foodgrain per ration card. The Cabinet Committee on Economic Affairs has
approved continuation of a scheme to modernise and strengthen intellectual
property offices, the cost of which is likely to be 3.10 bln rupees. To curb
hoarding of vegetables, the Cabinet Committee on Economic Affairs has
approved the inclusion of onion and potato in the purview of stock holding limits
under the Essential Commodities Act, 1955, for one year. Uttar Pradesh has lost
more than 5 bln rupees of potential revenue because of the state's soft policy
towards liquor retailers, the Comptrollerand Auditor General has said in a report. The Centre plans to review the law governing contract labour.
* INFRASTRUCTURE: Singapore has offered to partner India in developing smart
cities in the country. The National Highways Authority of India is planning to
make contract rules for road projects more flexible by tweaking the Model
Concession Agreement. The roads ministry has sought greater powers to be
given to National Highways Authority of India to revive the sector.
* MINING: International Coal Ventures, the joint venture between COAL INDIA,
STEEL AUTHORITY OF INDIA, NMDC, and Rashtriya Ispat Nigam, is close to
placing a bid for acquiring 100% stake in a major coking coal property in
Mozambique.
* REGULATORY: The Department of Industrial Promotion has raised the initial
validity period of grant of industrial licence to 3 years.
* TEXTILES: The textiles ministry is likely to seek up to 10.50 bln rupees from
the finance ministry to develop 15 mega handloom clusters across India.
* AGRICULTURE: Earth Sciences Minister Jitendra Singh said there is no need to
"panic" because of below-normal rains so far this monsoon season.
* AUTOMOBILES: Prime Minister Narendra Modi wants Ford Motor Co to put
Sanand and India on the global manufacturing map by exporting cars in large
numbers from the facility. French carmaker Renault has hiked prices of its vehicles in India
by 1% from Jul 1.
* AVIATION: IndiGo is planning to launch an initial public offering to raise $250
mln-$300 mln.
* CEMENT: Real estate developers plan to move the Competition Commission of
India against alleged cartelisation by cement producers.
* DEFENCE: India is likely to opt for a calibrated opening up of defence
production to foreign direct investment.
* EDUCATION: Private equity fund New Silk Route has put its 25% stake in
south India's Sri Chaitanya Educational Group on the block.
* ENERGY: The government has decided to defer any possible hikes in prices of
cooking gas and kerosene in some states where the oil marketing companies
incur additional levies, which were being recovered from consumers.
* GOVERNMENT: The Maharashtra government will ask for an additional 22,000
tn of foodgrain from the Central government in order to provide 35 kg of
foodgrain per ration card. The Cabinet Committee on Economic Affairs has
approved continuation of a scheme to modernise and strengthen intellectual
property offices, the cost of which is likely to be 3.10 bln rupees. To curb
hoarding of vegetables, the Cabinet Committee on Economic Affairs has
approved the inclusion of onion and potato in the purview of stock holding limits
under the Essential Commodities Act, 1955, for one year. Uttar Pradesh has lost
more than 5 bln rupees of potential revenue because of the state's soft policy
towards liquor retailers, the Comptrollerand Auditor General has said in a report. The Centre plans to review the law governing contract labour.
* INFRASTRUCTURE: Singapore has offered to partner India in developing smart
cities in the country. The National Highways Authority of India is planning to
make contract rules for road projects more flexible by tweaking the Model
Concession Agreement. The roads ministry has sought greater powers to be
given to National Highways Authority of India to revive the sector.
* MINING: International Coal Ventures, the joint venture between COAL INDIA,
STEEL AUTHORITY OF INDIA, NMDC, and Rashtriya Ispat Nigam, is close to
placing a bid for acquiring 100% stake in a major coking coal property in
Mozambique.
* REGULATORY: The Department of Industrial Promotion has raised the initial
validity period of grant of industrial licence to 3 years.
* TEXTILES: The textiles ministry is likely to seek up to 10.50 bln rupees from
the finance ministry to develop 15 mega handloom clusters across India.
