* The new year is expected to give automobile industry some respite, as import tariffs for critical components imported from the Asean block, India's largest trading partner, are slated to halve from January, thus cushioning the impact of incessantly rising costs of auto components.
* A day after Parliament gave the go-ahead to foreign supermarkets to invest in India, Tesco Plc's top boss came calling on Tata officials to outline the UK-based company's plans for one of the world's most lucrative retail markets, according to reports.
* India has set a share sale in state miner NMDC Ltd for Wednesday, the company said, in a deal which sources said could add up to $1.1 billion to government efforts to ease its yawning budget deficit. The government may on Tuesday announce a floor price for the NMDC issue in a range of 145 rupees to 150 rupees a share, said two sources with direct knowledge who asked not to be named as details are not yet public.
* After prolonged wrangling, power generator NTPC and coal producer Coal India appeared to have ironed out differences over the fuel supply agreement (FSA) and said the pact will be signed in a month's time.
* Hindustan Petroleum Corp Ltd has told the Oil Ministry that its proposed 240 billion rupees refinery at Barmer in Rajasthan will be unviable unless it is given all of the crude oil that Cairn India produces from oilfields in the state.
* The DGH has rejected Reliance Industries' proposal to do a single test to confirm three natural gas discoveries in the flagging KG-D6 block, saying separate tests
are required as the three finds are distant and unconnected.
* Even as domestic gas production has fallen 8 per cent, Oil India Ltd is planning to set up a liquefied natural gas (LNG) receiving terminal in India. The company plans to set up a 2.5-million tonne (mt) capacity terminal.
* The coal ministry is yet to make much progress in getting companies that have been allotted captive coal blocks to sign so-called power purchase agreements (PPAs) with state-owned power distribution companies, as it has been