SECTORS ALERT - 09.05.2014
* AVIATION: Tata-Singapore Airlines plans to launch its services in India
from September, with 87 weekly flights in first year of operations.
* CORPORATE: Y&R and J Walter Thompson, and Omnicom shop TBWA
Worldwide are in the final rounds of the first ever Tata Group global
advertising pitch, currently underway.
- The Queensland government in Australia has given environmental
approval to a $16-bln coal mine and rail project, proposed by homegrown
Adani Group.
- The Adani, GVK and Lanco groups are looking to sell part of their
stakes in Australian coal mining projects to reduce debt and get financial and
technical partners on board.
* ENERGY: The finance ministry is likely to only partially compensate oil
marketing companies for the revenue losses incurred on sale of subsidised fuels
in 2013-14 (Apr-Mar).
EXCHANGES: Bombay High Court has reserved its judgment on the bail
plea of Anjani Sinha, National Spot Exchange's former chief executive officer
and an accused in the payment default at the bourse.
* INFRASTRUCTURE: HDFC chairman Deepak Parekh will present a
blueprint to finance the country's ambitious plan to build new infrastructure
worth $1 trln during the 12th Five-Year Plan soon after the next government
takes charge.
* FDI: German luxury products maker Montblanc and British cosmetics brand
Lush have applied to the government for bringing in 51% and 100% FDI,
respectively.
* MINING: Companies under investigation in coal block allocation scam will
continue to remain under hooks as the CBI has assured the court that it will not
file closure reports in any of the coal scam cases till Jul 8, the next date of
hearing.
* REGULATORY: RBI Deputy Governor R. Gandhi has reiterated that any
entity, corporate or a non-banking financial company, that wished to purchase
over 5% stake in any bank would have to seek prior approval from the central
bank.
* TELECOM: Telecom department will seek legal opinion before challenging a
telecom tribunal order that allowed intra-circle roaming agreements on 3G
networks. Government will not appoint arbitrator in response to the notice sent
by Dutch arm of Vodafone seeking international arbitration to resolve its tax
dispute.
* AVIATION: Tata-Singapore Airlines plans to launch its services in India
from September, with 87 weekly flights in first year of operations.
* CORPORATE: Y&R and J Walter Thompson, and Omnicom shop TBWA
Worldwide are in the final rounds of the first ever Tata Group global
advertising pitch, currently underway.
- The Queensland government in Australia has given environmental
approval to a $16-bln coal mine and rail project, proposed by homegrown
Adani Group.
- The Adani, GVK and Lanco groups are looking to sell part of their
stakes in Australian coal mining projects to reduce debt and get financial and
technical partners on board.
* ENERGY: The finance ministry is likely to only partially compensate oil
marketing companies for the revenue losses incurred on sale of subsidised fuels
in 2013-14 (Apr-Mar).
EXCHANGES: Bombay High Court has reserved its judgment on the bail
plea of Anjani Sinha, National Spot Exchange's former chief executive officer
and an accused in the payment default at the bourse.
* INFRASTRUCTURE: HDFC chairman Deepak Parekh will present a
blueprint to finance the country's ambitious plan to build new infrastructure
worth $1 trln during the 12th Five-Year Plan soon after the next government
takes charge.
* FDI: German luxury products maker Montblanc and British cosmetics brand
Lush have applied to the government for bringing in 51% and 100% FDI,
respectively.
* MINING: Companies under investigation in coal block allocation scam will
continue to remain under hooks as the CBI has assured the court that it will not
file closure reports in any of the coal scam cases till Jul 8, the next date of
hearing.
* REGULATORY: RBI Deputy Governor R. Gandhi has reiterated that any
entity, corporate or a non-banking financial company, that wished to purchase
over 5% stake in any bank would have to seek prior approval from the central
bank.
* TELECOM: Telecom department will seek legal opinion before challenging a
telecom tribunal order that allowed intra-circle roaming agreements on 3G
networks. Government will not appoint arbitrator in response to the notice sent
by Dutch arm of Vodafone seeking international arbitration to resolve its tax
dispute.
