SECTORS ALERT - 06.05.2014
* AGRICULTURE: Food ministry has decided to fix raw sugar export subsidy
for Apr-May at 2,277 rupees a tn.
* AUTO: Honda Cars India will recall 31,226 units of its Brio, Amaze models.
* COURTS: In his testimony to the 2G trial court, former telecom minister A.
Raja reiterated the first-come-first-served policy was not altered in 2008 while
granting 122 licenses, which were quashed by Supreme Court in February.
* INFRASTRUCTURE: With a large number of developers abandoning
flagship projects, the National Highways Authority of India is looking at ways
to ensure against unduly aggressive bids.
* IPO: Olympus Capital and India Value Fund are collectively raising their
holdings in Aster DM Healthcare, pumping in 4 bln rupees ahead of its
proposed initial public offering in the next one year.
* REGULATORY: The Securities and Exchange Board of India plans to
streamline the listing process to make it easier and more user friendly for
companies. SEBI can seek call data records of any person against whom an
investigation is being carried out from telecom service providers, according to a
Bombay High Court ruling.
* RETAIL: Carrefour India MD Jean Noel Bironneau downplays reports of an
India exit, although it is said to have dropped out of talks with Bharti
Enterprises, in turn prompting the Sunil Mittal-run group to resume talks with
Japan's Aeon Group. Ubiquitous Foods, which runs bakery chain Ovenfresh, is
set to expand its operations to the high streets to target the retail consumer.
* TELECOM: Tata Group has set aside funds required to buy back NTT
DoCoMo's 26.5% share in their telecom JV as they are unlikely to find a third
investor for Tata Teleservices stake before end of June at the price they are
looking for.
* AGRICULTURE: Food ministry has decided to fix raw sugar export subsidy
for Apr-May at 2,277 rupees a tn.
* AUTO: Honda Cars India will recall 31,226 units of its Brio, Amaze models.
* COURTS: In his testimony to the 2G trial court, former telecom minister A.
Raja reiterated the first-come-first-served policy was not altered in 2008 while
granting 122 licenses, which were quashed by Supreme Court in February.
* INFRASTRUCTURE: With a large number of developers abandoning
flagship projects, the National Highways Authority of India is looking at ways
to ensure against unduly aggressive bids.
* IPO: Olympus Capital and India Value Fund are collectively raising their
holdings in Aster DM Healthcare, pumping in 4 bln rupees ahead of its
proposed initial public offering in the next one year.
* REGULATORY: The Securities and Exchange Board of India plans to
streamline the listing process to make it easier and more user friendly for
companies. SEBI can seek call data records of any person against whom an
investigation is being carried out from telecom service providers, according to a
Bombay High Court ruling.
* RETAIL: Carrefour India MD Jean Noel Bironneau downplays reports of an
India exit, although it is said to have dropped out of talks with Bharti
Enterprises, in turn prompting the Sunil Mittal-run group to resume talks with
Japan's Aeon Group. Ubiquitous Foods, which runs bakery chain Ovenfresh, is
set to expand its operations to the high streets to target the retail consumer.
* TELECOM: Tata Group has set aside funds required to buy back NTT
DoCoMo's 26.5% share in their telecom JV as they are unlikely to find a third
investor for Tata Teleservices stake before end of June at the price they are
looking for.
