SECTORS ALERT - 16.05.2014
* AUTOMOBILE: Mercedes-Benz launches ML 63 sports utility vehicle at 149 mln
rupees.
* AGRI: India's tea output is estimated to have risen 11% on year to 52.49 mln kg in
March mainly due to a surge in production in Assam and South India.
* AVIATION: AirAsia India has not ruled out flying to any domestic destination in India
in the future and is also open to flying abroad if regulations permit. AirAsia will invest an
additional $20 mln in its Indian airline venture this year. AirAsia plans pan-India
presence by year-end. Karnataka Cabinet clears the proposal of Kempegowda
International Airport Ltd to hike the user development fee charged from domestic and
international passengers.
* ECONOMY: Reserve Bank of India Governor Raghuram Rajan has said the central
bank is comfortable with the progress made so far on its disinflationary glide path.
* MEDIA: English news channels witnessed significant spurt in viewership during the
run-up to the 16th Lok Sabha elections. Direct-to-home TV broadcast service provider
TataSky has hiked subscription rates by up to 8% on its select long-duration as well as
monthly packs from this month.
* MONSOON: Is likely to hit the Kerala coast behind schedule on Jun 5, India
Meteorological Department said.
* PHARMACEUTICALS: AstraXeneca Plc chief executive Pascal Soriot said that he
would engage with Pfizer Inc if the price was right and the risks posed from forcing the
British drug maker's operations into th US company's new three-unit model were
addrerssed.
* REGULATORY: The RBI has made "prudential contingency plans" to infuse liquidity
into financial markets in case an unexpected election result Friday leads to market
volatility, Governor Raghuram Rajan said. The RBI is not directly involved in bringing
back black money and it is primarily a function of the government, Governor Raghuram
Rajan said.
The RBI is wary of excessive volatility in the rupee and will try to minimise volatility in
the currency, Governor Raghuram Rajan said.SEBI has outlined a risk management
framework for foreign portfolio investors, mandating a stricter margin requirement for companies, individuals, and family.
* RETAIL: Top durable retailers such as Crome, Next, Reliance Retail's Reliance Digital
and Future Group's eZOne seem to have finally cracked the private brand business after
struggling with their in-house brands till just a couple of years ago.
* TELECOM: ZTE Corp fears the subscriber-linked formula that Bharti Airtel will use to
pay for Loop Mobile would significantly reduce the final sale amount, thus not leaving
enough in the hands of the Khaitan-owned telecom co to be able to pay what it owes to
the Chinese equipment vendor.
* TRAVEL AND TOURISM: Fewer people have gone on foreign holidays this summer,
choosing to stay in the country to cast their votes and then wait for the outcome of Lok
Sabha elections.
* AUTOMOBILE: Mercedes-Benz launches ML 63 sports utility vehicle at 149 mln
rupees.
* AGRI: India's tea output is estimated to have risen 11% on year to 52.49 mln kg in
March mainly due to a surge in production in Assam and South India.
* AVIATION: AirAsia India has not ruled out flying to any domestic destination in India
in the future and is also open to flying abroad if regulations permit. AirAsia will invest an
additional $20 mln in its Indian airline venture this year. AirAsia plans pan-India
presence by year-end. Karnataka Cabinet clears the proposal of Kempegowda
International Airport Ltd to hike the user development fee charged from domestic and
international passengers.
* ECONOMY: Reserve Bank of India Governor Raghuram Rajan has said the central
bank is comfortable with the progress made so far on its disinflationary glide path.
* MEDIA: English news channels witnessed significant spurt in viewership during the
run-up to the 16th Lok Sabha elections. Direct-to-home TV broadcast service provider
TataSky has hiked subscription rates by up to 8% on its select long-duration as well as
monthly packs from this month.
* MONSOON: Is likely to hit the Kerala coast behind schedule on Jun 5, India
Meteorological Department said.
* PHARMACEUTICALS: AstraXeneca Plc chief executive Pascal Soriot said that he
would engage with Pfizer Inc if the price was right and the risks posed from forcing the
British drug maker's operations into th US company's new three-unit model were
addrerssed.
* REGULATORY: The RBI has made "prudential contingency plans" to infuse liquidity
into financial markets in case an unexpected election result Friday leads to market
volatility, Governor Raghuram Rajan said. The RBI is not directly involved in bringing
back black money and it is primarily a function of the government, Governor Raghuram
Rajan said.
The RBI is wary of excessive volatility in the rupee and will try to minimise volatility in
the currency, Governor Raghuram Rajan said.SEBI has outlined a risk management
framework for foreign portfolio investors, mandating a stricter margin requirement for companies, individuals, and family.
* RETAIL: Top durable retailers such as Crome, Next, Reliance Retail's Reliance Digital
and Future Group's eZOne seem to have finally cracked the private brand business after
struggling with their in-house brands till just a couple of years ago.
* TELECOM: ZTE Corp fears the subscriber-linked formula that Bharti Airtel will use to
pay for Loop Mobile would significantly reduce the final sale amount, thus not leaving
enough in the hands of the Khaitan-owned telecom co to be able to pay what it owes to
the Chinese equipment vendor.
* TRAVEL AND TOURISM: Fewer people have gone on foreign holidays this summer,
choosing to stay in the country to cast their votes and then wait for the outcome of Lok
Sabha elections.
