SECTORS ALERT (24.07.2012) * BANKING: Reserve Bank of India has tweaked some norms on off-balance-sheet exposures of banks with regard to restructuring in cases where clients seek reduction in the notional exposure of hedging derivative contracts. RBI has issued guidelines on the criteria for eligibility to function as a factoring company in India . The central bank has categorised such businesses under NBFC-Factor.
* COAL: The Group of Ministers looking into the issue of setting up a coal regulator is likely to meet on Wednesday * MISCELLANEOUS: Private equity firm Carlyle Group may acquire 49% stake in mattress maker Kurlon for over 4 bln rupees. * MONSOON: The cumulative rainfall so far in the monsoon season starting Jun 1 has been 22% below normal at 293.8 mm, India Meteorological Department said. * OIL & GAS: State-owned oil companies hike petrol prices by 70 paise per ltr from Monday midnight A hike in price of diesel by 2-3 rupees a ltr is seen on the cards. * PHARMACEUTICALS: PFIZER, SUN PHARMACEUTICAL INDUSTRIES, and DR. REDDY'S LABORATORIES, among others, were allegedly involved in clinical trials that led to death of 438 people in 2011, according to government data. * POLITICS: Nationalist Congress Party leader Praful Patel has said that the party will meet again Tuesday to decide ties with United Progressive Alliance. * STOCK MARKET: SEBI has tightened the eligibility criteria for inclusion and exclusion of shares from the derivatives segment to curb manipulations. By RUPEE DESK [email protected] -- You received this message because you are subscribed to the Google Groups "Kences1- Rupeedesk" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/kences1?hl=en.
