Here's a roundup of the key happenings in the commodities market, with a deep dive into some of the most active counters
Sakshi Batra is in conversation with Gaurav Choudhury, Deputy Executive Editor, Moneycontrol, to find out which companies will be hit the hardest by the RBI's data-localisation push.
Currently, private financial institutions are the majority owners in GSTN with 51 percent stake, while the centre and states together hold 49 percent.
Banks have asked the government to extend the curbs on cash withdrawals beyond December 30 until an adequate quantity of new currency is inserted, according to bankers and officials in the Finance Ministry, as per a report in Indian Express today.
The Indian government should invite Apple, whose CEO Tim Cook is on a visit to the country, to manufacture here -- a move that could a fillip to job creation -- says D Shivakumar, former Nokia India MD and Chairman and CEO PepsiCo India.
The Department of Pharmaceuticals has paced up work on the mandatory drug marketing code which will penalise drug firms' practices of giving gifts and incentives to doctors to prescribe their medicines which often results in patients being forced to buy expensive medicines.
Ashok Kumar Purwaha, chairman, Engineers India, says that the government is planning to disinvest around 10 percent stake in the company via follow-on public offer (FPO) route. The FPO is likely to hit the market by the second quarter of 2013-14.
The US resolution against Sri Lanka over alleged human rights violations has been passed at the United Nations Human Rights Council (UNHRC) in Geneva.
Even as Parliamentary Affairs Minister Kamal Nath claimed that the Congress-led United Progressive Alliance government was not lame duck after the DMK pulled out from the ruling coalition
SP Tulsian, sptulsian.com, feels that with the current political development of DMK pulling out of UPA government, definitely the pace of reforms will slow down but it will not come to a grinding halt at this stage.
"The key takeaway from today is that the government's vulnerability to pressures from alliance partners goes up and its ability to negotiate a deal with DMK and the other alliance partners becomes even more critical for the safe survival of the government," believes AK Bhattacharya of Business Standard.
The government today said that state-run Coal India (CIL) has signed fuel supply pacts with 56 power plants so far. "Coal India Ltd has signed 56 fuel supply agreements (FSAs) with the power plants as on March 2," Minister of State for Coal Pratik Prakashbapu Patil said in a written reply to Lok Sabha.
The Vodafone tax dispute is all set to come up for Cabinet approval shortly. The finance ministry is working on a Cabinet note which is likely to contain terms of conciliations offered by Vodafone, reports CNBC-TV18's Aakansha Sethi.
Planning Commission deputy chairman Montek Singh Ahluwalia today expressed hope that inter-ministerial differences would be sorted out paving the way for Tatas to set up airline company in collaboration with Malaysian budget carrier AirAsia.
The UPA's flagship scheme that returned them to power in 2009 is under the scanner. The CAG report on the farm loan waiver scheme has found major discrepancies.
The finance ministry today cleared the investment proposal of Malaysian budget carrier AirAsia which seeks to enter India through a joint venture with Tata Group and another company. On the sideline of the development, Shereen Bhan spoke to Arun Bhatia of Telestra Tradeplace Pvt Ltd to get more insight on the development.
The government today said it is likely to offload its stake in four PSUs -- NALCO, MMTC, Rashtriya Chemicals and Fertilisers (RCF) and SAIL -- in the 2012-13 fiscal.
Richard Gibbs of Macquarie Securities, says that the markets are worried about the Italian political environment and what kind of coalition that will emerge and if the upcoming coalition will be stable or not.
Arms sales by the 100 biggest weapons makers fell for the first time since the mid-90s in 2011 as economies slowed and military equipment purchases were reduced for operations in Afghanistan and Iraq, a leading think-tank said on Monday.
Parliament attack convict Afzal Guru has been hanged. The Jaish-e-Mohammad terrorist was hanged at 8 am on Saturday, Home Secretary RK Singh said. A recommendation to hang him had been sent to the President on January 21. The President gave it his assent on February 3.
SP Tulsian of sptulsian.com, says that NTPC OFS has been a successful issue. However, it is interesting to note that till 3.15 pm OFS had received close to about 95 crore shares and inlast 15 minutes 40 crore odd shares were sold at an indicative price of Rs 146-146.50.
DK Mittal, secretary of financial services, GoI, shares his view on banking regulation amendment bill. He says that the RBI being the regulator will be the notifying authority, and they will issue the guidelines for the banking regulation amendment bill very shortly maybe in next two weeks time.
Finance minister P Chidambaram today expressed confidence that the government will find a resolution to the Vodafone tax issue. He told reporters after meeting global investors here that the issue figured only peripherally and came up as a question.
The Reserve Bank's monetary policy review on Tuesday and the next batch of quarterly results will dictate stock market movement this week, say analysts.
Kapil Mehan, MD, Coromandel International, says that the fertilizer company is going through structural change and realistic prices of fertilizer has led to moderate demand. The company has recently acquired Liberty Phosphates which the company feels is a move to derisk their portfolio. The deal will be funded from internal accruals.