SECTORS ALERT – 03.06.2014
* AGRICULTURE: Food Minister Ram Vilas Paswan said he would meet his Cabinet
colleagues on Jun 4-5 to review India's sugar policy.
* AUTOMOBILES: Honda Motorcycle & Scooter India sold a total of 355,726 vehicles
in May, up 55% year on year.
* ECONOMY: The Special Investigation Team set up to unearth black money held its
first meeting on Monday and has decided on a roadmap ahead.
* GOVERNMENT: Odisha Chief Minister Navneen Patnaik called on Prime Minister
Narendra Modi on Monday and sought special category status for the state.
* INDIAN RAILWAYS: Plans to be a full logistic solutions provider by setting up
Logistics Corporation of India.
* MEDIA: Minister for Information and Broadcasting Prakash Javadekar said the
government will consider indigenisation of set-top boxes before taking up phases three
and four of cable television digitisation.
* PHARMA: Temasek bought 12.5% stake in Intas Pharmaceuticals, one of India's top
10 drug makers by sales, for about 11 bln rupees.
* REGULATORY: Premji Invest, the family-owned investment fund of Wipro promoter
Azim Premji, has received the Reserve Bank of India's approval to invest abroad.
* STEEL: SAIL and TATA STEEL are set to restart operations at their captive iron ore
mines in Odisha after receiving clearance from the state government.
* TEXTILES: India has overtaken Germany and Italy to emerge as the world's second
largest textile exporter. But it lags behind China, whose exports are nearly seven times
higher.
* TELECOM: Vodafone's tax dispute with the government may be heading for a
resolution, with the finance ministry considering changing the Income-Tax Act's
retrospective amendment.
* AGRICULTURE: Food Minister Ram Vilas Paswan said he would meet his Cabinet
colleagues on Jun 4-5 to review India's sugar policy.
* AUTOMOBILES: Honda Motorcycle & Scooter India sold a total of 355,726 vehicles
in May, up 55% year on year.
* ECONOMY: The Special Investigation Team set up to unearth black money held its
first meeting on Monday and has decided on a roadmap ahead.
* GOVERNMENT: Odisha Chief Minister Navneen Patnaik called on Prime Minister
Narendra Modi on Monday and sought special category status for the state.
* INDIAN RAILWAYS: Plans to be a full logistic solutions provider by setting up
Logistics Corporation of India.
* MEDIA: Minister for Information and Broadcasting Prakash Javadekar said the
government will consider indigenisation of set-top boxes before taking up phases three
and four of cable television digitisation.
* PHARMA: Temasek bought 12.5% stake in Intas Pharmaceuticals, one of India's top
10 drug makers by sales, for about 11 bln rupees.
* REGULATORY: Premji Invest, the family-owned investment fund of Wipro promoter
Azim Premji, has received the Reserve Bank of India's approval to invest abroad.
* STEEL: SAIL and TATA STEEL are set to restart operations at their captive iron ore
mines in Odisha after receiving clearance from the state government.
* TEXTILES: India has overtaken Germany and Italy to emerge as the world's second
largest textile exporter. But it lags behind China, whose exports are nearly seven times
higher.
* TELECOM: Vodafone's tax dispute with the government may be heading for a
resolution, with the finance ministry considering changing the Income-Tax Act's
retrospective amendment.
