SECTORS ALERT – 13.06.2014
* ECONOMY: The budget session of parliament will start in the second week
of July and the Union Budget would be presented in the first week itself.
* ENERGY: Power and Coal Minister Piyush Goyal discussed issues regarding
major pending energy projects including NTPC's Barh-II unit, coal allocation
for Banka ultra mega power project with political delegations from Bihar,
Gujarat and Punjab.
* FERTILISERS: India imported 1.49 mln tn urea during the first two months
of the current financial year.
* INFORMATION TECHNOLOGY: Big Indian outsourcing companies are
looking to gain a share of IT deals worth over $55 bln that are being renewed
by top customers such as Citibank this year.
* INFRASTRUCTURE: The Department of Industrial Policy and Promotion
has urged the finance ministry to raise the outlay for Delhi-Mumbai Industrial
Corridor project to 74.78 bln rupees in the forthcoming regular Budget.
* INSURANCE: Life Insurance Corp of India has set aside 7-10 bln rupees for
picking up small stakes in 10-12 public sector banks in 2014-15 (Apr-Mar).
* MINING: The mines ministry has floated a draft cabinet note on increasin
royalty on minerals like iron ore and bauxite for interministerial discussions.
* REGULATORY: The RBI has said banks will be allowed to transfer foreign
assets of liaison office, branch office, or project office to Indian joint venture
companies or wholly-owned subsidiaries, subject to some conditions.
SEBI, at its meeting on Jun 19, may approve a proposal to reserve up to 10% of
the issue size of offer-for-sale of shares for retail investors, according to
sources
* ECONOMY: The budget session of parliament will start in the second week
of July and the Union Budget would be presented in the first week itself.
* ENERGY: Power and Coal Minister Piyush Goyal discussed issues regarding
major pending energy projects including NTPC's Barh-II unit, coal allocation
for Banka ultra mega power project with political delegations from Bihar,
Gujarat and Punjab.
* FERTILISERS: India imported 1.49 mln tn urea during the first two months
of the current financial year.
* INFORMATION TECHNOLOGY: Big Indian outsourcing companies are
looking to gain a share of IT deals worth over $55 bln that are being renewed
by top customers such as Citibank this year.
* INFRASTRUCTURE: The Department of Industrial Policy and Promotion
has urged the finance ministry to raise the outlay for Delhi-Mumbai Industrial
Corridor project to 74.78 bln rupees in the forthcoming regular Budget.
* INSURANCE: Life Insurance Corp of India has set aside 7-10 bln rupees for
picking up small stakes in 10-12 public sector banks in 2014-15 (Apr-Mar).
* MINING: The mines ministry has floated a draft cabinet note on increasin
royalty on minerals like iron ore and bauxite for interministerial discussions.
* REGULATORY: The RBI has said banks will be allowed to transfer foreign
assets of liaison office, branch office, or project office to Indian joint venture
companies or wholly-owned subsidiaries, subject to some conditions.
SEBI, at its meeting on Jun 19, may approve a proposal to reserve up to 10% of
the issue size of offer-for-sale of shares for retail investors, according to
sources
