BLOOMBERG : L&T construction unit gets 18.75 bln rupee orders in Mar so far

CNBC TV-18 : FM : Necessary clarification on P-notes to be issued shortly

BLOOMBERG : Greaves Cotton to pay 0.80 rupee/share special interim dividend

Oil cos may up petrol prices by 3-5 rupee/ltr

BLOOMBERG : Sterlite Ind gets court OK to merge arm Sterlite Opportunities

LIVE NEWBloomberg : CFO:  Rolta may get $30 mln - $ 40mln city mapping order from W Asia

30-03-2012

MARKET NEWS:
Karnataka Mining Case : SC adjourns hearing to April 13
NTPC commissions unit 4 of 500 MW Simhadri thermal power project
MRPL commissions 3.18 mln ton expanded refinery capacity
L&T, Nexter systems in pact for India’s artillery gun programme


 FII & DII activity 
 FII & DII activity on 29-03-2012 – FII net sellers in index future to the amount of Rs 540.28 Cr , in index options net buyers to the amount of Rs 2491.05 Cr, in stock futures net buyers to the amount of Rs 680.91 Cr & in stock options net buyers to the amount of Rs 7.88 Cr. Overall FII were net buyers by Rs 2639.57 Cr.

Capital Marget Segment – FII trading activity net sellers of Rs 1332.85 Cr & DII trading activity net buyers of Rs 299.67 Cr.

 Rollover Tracker Report March 2012 - The Nifty March rollover stands at 58.46% compared to 67.47% in Feb expiry, Banknifty March rollover stands at 64.72% compared to 70.90% in Feb expiry, CNXIT March rollover stands at 73.08% compared to 65.71% in Feb expiry -

Power minister:
• EGoM considering proposal to up gas prices
• EGoM seeks law min view on gas price hike proposal
• In talks with oil min for more gas to power cos

 Defense Min Says : Can’t increase FDI, for mow better to confine it to 26%

BLOOMBERG :
• India Feb infrastructure sector growth 6.8% vs 6.4% yr ago
• India Apr-Feb infrastructure sector growth 4.4% vs 5.8% yr ago

LIVE NEWS

BLOOMBERG : L&T to raise 2.5 bln rupees via 10-year bonds at 9.75%

29-03-2012

BOARD MEETING
• ARSI COSMETICS to consider raising funds.
• SHASUN PHARMACEUTICALS to mull allotment of shares on preferential basis.
• IFB INDUSTRIES to mull preferential issue of equity shares to promoters.
• INDOCO REMEDIES to consider stock split and bonus share issue.
• POCHIRAJU INDUSTRIES to consider conversion of share warrants.
• UNITED PHOSPHORUS to consider interim dividend.
• LLOYD ELECTRIC & ENGINEERING to mull heat exchangers ops merger with self.
• LYKA LABS to consider sale of its R&D unit to wholly-owned arm.


DATA ALERT FROM OVERSEAS
• EU EUROZONE RETAIL PMI for Mar.
• US WEEKLY JOBLESS CLAIMS for wk to Mar 24.
• US GDP ESTIMATE for fourth quarter.
• US EIA WEEKLY NATURAL GAS STORAGE Report for wk to Mar 23.

MARKET NEWS:

• DoT set to impose 10 bln rupee fine on Airtel, Vodafone, Idea
• Coal ministry to cede pricing powers to new regulator
• Mallya in talks with Heineken to sell stake in liquor business
• PE tap may close for single-brand companies
• Satyam in talks for European buy, Aussie deal to follow
• Pranab says not possible to roll back hike in gold import duty

• Fortis in talks with PE firms for stake sale
• Scope Ind to issue 1.9 mln shares on pref basis to promoters
• Readymade Steel to pay S$25 mln-S$35 mln for 90% stake in KH Foges
• I-T department seizes Unitech shares in Uninor
• Kingfisher Airlines appoints directors to


 • GAIL INDIA: Has signed a gas transmission pact with Bangalore's Information Technology Park for supply of around 60,000 scmd of natural gas.
• GMR INFRASTRUCTURE: Plans to have a power zone at its 11,000-acre Special Economic Zone have taken a back seat due to low gas production at the Krishna-Godavari basin.
• IL&FS ENGINEERING AND CONSTRUCTION CO: Has entered equal joint venture with Future Market Networks to set up eight infra-logistics parks with up to 2 mln square feet of space each, over the next three years.
• KINGFISHER AIRLINES: Directorate General of Civil Aviation may take action against the airline if its employees and vendors were not paid soon.

• AUROBINDO PHARMA: Has received approval of the US Food and Drug Administration for its quetiapine fumarate or generic Seroquel tablets.
• BAJAJ ELECTRICALS: Plans to split the business into two units- the consumer appliances business and the business-to-business operations.
• COAL INDIA: Board has failed to approve contractual conditions for supply of low-cost fuel to power generation companies.
London-based hedge fund The Children's Investment Fund has initiated legal action against the government under provisions of two bilateral investment treaties over its investment in the company.
• EIH ASSOCIATED HOTELS: Has got board approval for rights issue of 1.1 bln rupees, and merger of arm Island Hotel with self.
• FORTIS HEALTHCARE (INDIA): Is planning a deal with private equity inves
• Aurobindo Pharma shrs up 1.5% on US FDA OK for generic Seroquel
•Neyveli Lignite: To divest 10% stake in next 6 months


 FII & DII activity on 28-03-2012 – FII net buyers in index future to the amount of Rs 173.36 Cr , in index options net sellers to the amount of Rs 63.92 Cr, in stock futures net buyers to the amount of Rs 282.21 Cr & in stock options net buyers to the amount of Rs 1.06 Cr. Overall FII were net buyers by Rs 392.71 Cr.

Capital Marget Segment – FII trading activity net sellers of Rs 148.06 Cr & DII trading activity net buyers of Rs 73.03 Cr.

BLOOMBERG : MD: Gitanjali Gems
• To complete recast of operations in 2 months
• Ops recast aimed at improving valuations
• May bring strategic investor post restructuring
• Many investors have shown interest for stake buy

BLOOMBERG : Source:
• IVRCL briefed FIIs, MFs on Essel Group's stake buy in co
• Essel Group acquired 10.19% stake in IVRCL via open mkt
• FII, MF assure support to IVRCL if Essel makes hostile bid
• Promoters own 11.18% stake in IVRCL; MFs, FIIs 42.51%


BLOOMBERG il India CMD :
• To start drilling onland block in KG basin in Sep
• Plans to drill 6 wells in KG basin block in 2 yrs
• To start drilling in Mizoram block in Sep-Oct
• To drill 5-6 wells in Mizoram block over 2 yrs
• Seismic study at Mizoram block encouraging
• Asked govt to adjust crude cess hike with subsidy
• Expressed interest to buy Reliance Gas Transport

BLOOMBERG : Tilaknagar Industries acquires Srirampur Grains

BLOOMBERG : Sun Pharma arm gets US FDA OK for generic Seroquel tablets

BLOOMBERG : Somany Ceramics gets order from Tata Teleservices


  BLOOMBERG :
• GAIL gets operatorship of 1 hydrocarbon block under NELP-IX
• Cabinet approved award of 16 blocks under NELP-IX Fri

28-03-2012

NIFTY VIEW:
Market is expected to open on flat note, we can see Nifty spot to trade around 5230-5240 in opening trade, if Nifty spot able to cross the 5250 level we could see some support buying to initiate in market, Nifty spot is having resistance at 5250-5280 above 5280 we can see some comfort in market and it could move till 5320, whereas Nifty spot is having supports at 5220-5170 below that we may see some selling pressure in market and it could slide lower till 5150.


BOARD MEETING :
• INTERNATIONAL CONVEYORS to mull merger of arm with self.
• EIH ASSOCIATED HOTELS to consider rights issue.
• DEEP INDUSTRIES to mull allotment 1.37 mln shares on conversion of warrants.
• GATEWAY DISTRIPARKS to mull interim dividend.
• UNITED NILGIRI TEA ESTATES CO to consider interim dividend.
• ADF FOODS to mull issue of shares to promoters on conversion of warrants.


DATA ALERT FROM OVERSEAS
• FRANCE GDP for fourth quarter.
• UK QUATERLY GDP for fourth quarter.
• UK BALANCE OF PAYMENT for fourth quarter.
• US MBA WEEKLY MORTAGE APPLICATIONS SURVEY for wk ended Mar 23.
• GERMANY PROVISIONAL CPI for Mar.
• US CRUDE OIL STOCKS in week to Mar 23.
• US GASOLINE STOCKS in week to Mar 23.
• US DISTILLATE STOCKS in week to Mar 23.
• US REFINERY USAGE in week to Mar 23.

MARKET NEWS:

• LIC allowed to buy over 10% in listed firms
• SBI hikes fixed deposit rates by up to 1%
• GAAR will not harass honest foreign investors, assures finance minister
• IL&FS Investment joins Milestone in selling holdings in 2 JV funds
• Telenor issues notice to government on 2G
• Valuation battle hots up as Shriram looks to exit Honda JV

• Govt says plan to divest 10% in NALCO under "active consideration"
• Bombay HC adjourns Vodafone transfer pricing case until Apr 17
• Promoter group raises stake in Welspun India to 43.66% vs 41.63%
• Power Grid board OKs capex proposals worth 98.84 bln rupees
• Alstom bid lowest in Power Grid's Chhattisgarh-Haryana line tender
• Promoter Accelya's stake in Kale Consultants rises to 72.27%
• Subex gets multi-million dollar deal from Asia Pacific telecom co

 • COAL INDIA: Its board is set to meet today to finalise the model fuel supply agreement, which it could then sign with over 50 upcoming power plants in the country before Mar 3.
• DLF: Promoters will dilute equity in the company from current 78.60% by the end of 2012-13 (Apr-Mar) to comply with the SEBI norm of minimum public share holding of 25%.
• DUNLOP INDIA: May challenge the liquidation order passed by the Calcutta High Court.
• ICICI BANK has moved the Calcutta High Court to participate in the wind-up proceedings of the company.
• GODREJ INDUSTRIES: The company's premium food and grocery retail chain, Nature's Basket, plans to spend 80 mln rupees to open six-eight outlets by March 2013.

CNBC TV-18 : Fin Min says :
• GAAR will be invoked if set up for invoking tax benefit
• Will not target on P-

Essar power & Adani power also associated with coal Blocks

• GoM to consider Nod for 8 coal blocks

• Coal blocks linked to power plants of major cos

• Relpower’s Sasan UMPP linked to chatrasal Coal block in March

Bloomberg : Punjab & Sind Bank shareholders OK share issue to govt, LIC

Bloomberg : OCL Iron and Steel's 55,547 carbon credits worth 15.2 mln rupees, from UN body

27-03-2012

NIFTY VIEW:-

Market is expected to open on positive note, We can see Nifty spot to trade around 5200-5220 in opening trade, if Nifty spot sustain above 5220 level we may see buying momentum to continue in midcap space, Nifty spot is having resistance at 5220-5250 above 5250 we may see short covering to initiate in market and it could move till 5290 during the day, whereas Nifty spot is having supports at 5180-5150.

BOARD MEETING :-

• AVT NATURAL PRODUCTS to consider stock split, dividend.

• EURO CERAMICS to mull issue of

MARKET NEWS:-

• COAL: Government is gearing up to hold the first round of auction of coal blocks in the second quarter of 2012. Mining ministry has recommended that miners mandatorily share 100% project royalty with project-affected families.

• METAL: The steel ministry will "soon" come out with interest rate subsidy schemes for iron ore processing, and introduction of energy-efficient systems in secondary steel plants.

• TAXATION: The Maharashtra government has increased tax on petrol and diesel cars sold in the state by 2% and 4% respectively. It has also implemented a 12.5% tax on natural gas entering the state.

• Maharashtra govt says VAT refund only for vehicles sold in state

• India seeks S Korean funding for clean energy, infrastructure

• Tata Comm may divest data centre business to subsidiary

• NTPC signs pact for 72.5-mln-euro term loan with German bank Moody's positive on Vedanta

buying govt shr in Hind Zinc, BALCO

• Source says Tuesday's GoM on pharma pricing policy deferred

• HCC arm Lavasa Corp launches 2,400-acre second township near Pune

• GAIL to step up spot LNG import FY13; get 20 cargo at Dabhol, Dahej

• Tata Metaliks to raise 1 bln rupees via preference share issue

• Central Bank launches share trading in tie-up with Angel Broking

• Chemplast Sanmar sets delisting floor price at 4.51 rupees/shr

• Parabolic Drugs plans 700-800 mln rupee capex, dosage unit FY13

• RIL to revisit low-cost housing plans

• Calcutta High Court orders Dunlop liquidation

• Source says RIL, BP to submit KG-D6 integrated development plan by Oct

• RBI Chakrabarty for reasonable gap in bulk, retail deposit rates Coal shortage to hit 46,000MW power projects, say analysts

• Telecom regulator may rule out need for exit policy

Bloomberg : Maharashtra govt:29 bln rupee allotted for road development FY13

Bloomberg : Maharashtra govt: Buying land for Nagpur cargo airport project

Bloomberg : Official:

• GAIL to import 20 spot LNG cargoes FY13 vs 16 in FY12

• GAIL to get 8 spot LNG cargo at Dabhol, 12 at Dahej FY13

• GAIL wants to buy more LNG from spot mkt as prices soft

• Jaiprakash Power to seek shareholders' OK to raise 35 bln rupees

• Source says GoM on pharma pricing policy to meet Tue

• Source:GoM on pharma policy to mull price cap on essential drugs

Bloomberg : Tilaknagar Industries acquires 90% stake in Shivprabha Sugars

Bloomberg : Source:

• Emami ups 9 ml Zandu Balm pack price 4.17% to 25 rupees

Bloomberg : Source:

• Nestle ups 80 gm Maggi Vegetable Atta Noodles price 6.25%

• Nestle ups 320 gm Maggi Vegetable Atta Noodles price 8.3%

Bloomberg :

• Bank of India shareholders OK shr issue to govt, LIC on pref basis

• Allahabad Bank shrholders OK shr issue to govt, LIC on pref basis

Bloomberg : Rolta India: Last date to buyback outstanding FCCBs Mar 28

Bloomberg : Rolta India raises $135 mln via overseas loans to redeem FCCBs

26-03-2012

BOARD MEETING -

• TATA METALIKS to consider issue and allotment of preference shares on preferential basis.

FII & DII ACTIVITY

FII & DII activity on 23-03-2012 – FII net sellers in index future to the amount of Rs 391.05 Cr , in index options net buyers to the amount of Rs 2170.74 Cr, in stock futures net buyers to the amount of Rs 210.14 Cr & in stock options net buyers to the amount of Rs 45.18 Cr. Overall FII were net buyers by Rs 2035.01 Cr.

Capital Marget Segment – FII’s trading activity net buyers of Rs 9.46 Cr & DII trading activity net buyers of Rs 186.81 Cr.

NIFTY VIEW

Market is expected to open on flat note, we can see Nifty spot to trade around 5250-5240 in opening trade, if Nifty spot able to cross the 5280 level we could see some support buying to initiate in market, Nifty spot is having resistance at 5280-5320 above 5320 we can see some comfort in market and it could move till 5350, whereas Nifty spot is having supports at 5250-5220 below that we may see some selling pressure in market and it could slide lower till 5170.

MARKET NEWS:

• Alok Ind shares up 0.8% as co plans to raise up to $150 mln

• Central Bank of India to raise up to 10 bln rupee via pref issue

23-03-2012

BOARD MEETING

• CROMPTON GREAVES to consider interim dividend.

• 20 MICRONS to consider issue of convertible warrants on preferential basis.

DATA ALERT FROM OVERSEAS

• FRANCE BUSINESS SURVEY for Mar.

• BANK OF ENGLAND FINANCIAL POLICY COMMITTEE STATEMENT.

• CANADA CPI for Feb.

• US NEW RESIDENTIAL SALES in Feb.

• US METROPOLITAN AREA EMPLOYMENT AND UNEMPLOYMENT for Jan.

MARKET NEWS

• IOC inks pact with Tidco for 45-bln-rupee LNG terminal

• JNPT to raise 50 bln rupees tax-free bonds

• Tata Motors' arm JLR launches 500-mln-sterling senior notes issue

• AHLCON PARENTERALS (INDIA): B. Braun Singapore has made an open offer for 26% of the company's shares.

• ABAN OFFSHORE: Holders of preference shares have agreed to extend redemption date by three years and increase coupon to 10%.

• DHANLAXMI BANK: May sell its 15% stake in Destimony Securities.

• DOLPHIN OFFSHORE ENTERPRISES: Has got a contract worth 2.70 bln rupees from OIL AND NATURAL GAS CORP.

• GATI LTD: Seeks joint venture partners for its subsidiaries, including cold chain and international businesses, to lower debt.

• GMR INFRASTRUCTURE: Has put development of its 70-bln-rupee power project at Shahdol, Madhya Pradesh, on hold due to coal supply shortages.

• GODREJ PROPERTIES: Company's institutional placement of 8.19 mln shares, including greenshoe option of 744,255 shares

• HINDALCO INDUSTRIES: Has allotted 150 mln convertible warrants on preferential basis to promoter group companies.

• Arm Novelis plans to sell three aluminium foil manufacturing plants in Europe to American Industrial Acquisition Corp.

• HINDUSTAN COPPER: Has reduced the premium it charges on the base price of refined copper products to increase sales ahead of the financial year-end.

• HINDUSTAN ZINC: Vedanta Group has offered 170 bln rupees to buy the government's balance stake in the company and Bharat Aluminium Co.

• INDIAN OIL CORP: In pact with Tamil Nadu Industrial Development Corp to set up a 45-bln-rupee liquefied natural gas terminal near Chennai.

• LIC HOUSING FINANCE: Copthali Mauritius Investment sold 865,000 shares of the company for 251.40 rupees each.

• RELIANCE CAPITAL: Nippon Life Insurance Co has signed final agreement with the company to buy 26% in Reliance Capital Asset Management.

• THERMAX: Has acquired the steam division of Virgo Valves and its German subsidiary Rifox-Hans Richter.

• TILAKNAGAR INDUSTRIES: Has forayed into construction and infrastructure of distilleries and bottling plants with acquisition of Mykingdom Ventures and Studd Projects.

• UNITECH: Has sought around $150 mln from Telenor to sell stake in joint venture company Uninor.

BLOOMBERG : Oil minister : Govt plans to rollout city gas network in 300 cities

BLOOMBERG : Govt extends anti-dumping duty on Chinese flat base steel wheels

BLOOMBERG : State Bank of Mysore to pay 10 rupees/share interim dividend

BLOOMBERG : Steelcast in pact to supply steel casting pdt to Caterpillar

Rail minister:

• Roll back some proposed fare hikes in rail budget

• Roll back fare hike in IInd, sleeper class fares

• Also roll back fare hike in AC III-tier, chair car

UK Reduces corporation tax to 24% from 26% from 1st April. To further reduce corp tax to 22% from 1st April 2014. Positive for Tata Motors and Tata Steel.

22-03-2012

NIFTY VIEW

Market is expected to open on flat note, we can see Nifty spot to trade around 5350-5360 in opening trade, if Nifty spot able to cross the 5380 level we could see some support buying to initiate in market, Nifty spot is having resistance at 5380-5420 above 5420 we can see some comfort in market and it could move till 5450, whereas Nifty spot is having supports at 5320-5280 below that we may see some selling pressure in market and it could slide lower till 5250.

BOARD MEETING

• ALOK INDUSTRIES, to mull raising up to $150 mln.

• STATE BANK OF MYSORE, to consider interim dividend.

• ORBIT EXPORTS, to allot shares on warrant conversion.

DATA ALERT FROM OVERSEAS

• FRANCE FLASH PURCHASING MANAGERS' INDEX for Mar.

• GERMANY FLASH PURCHASING MANAGERS' INDEX for Mar.

• EUROZONE FLASH PURCHASING MANAGERS' INDEX for Mar.

• UK RETAIL SALES DATA for Feb.

• EUROPEAN UNION NEW INDUSTRIAL ORDERS in Jan.

• US INITIAL JOBLESS CLAIMS for week to Mar 17.

• US WEEKLY EXPORT SALES.

• US HOUSE PRICE INDEX for Jan.

• US DJ-BTMU BUSINESS BAROMETER for Mar 10 week.

• US ENERGY DEPARTMENT NATURAL GAS STORAGE REPORT for Mar 16 wk.

• EU FLASH CONSUMER CONFIDENCE INDICATOR for Mar.

MARKET NEWS

• 3i Infotech shares gain 6% as lenders OK co's debt recast plan

• Unitech agrees to sell its Uninor stake at fair value

• RBI moves to curb gold loans; loan-to-value capped at 60% for NBFCs

• Diesel price decontrol may debut with cash subsidy transfer to farmers

• Lock in for Rajiv Gandhi Equity Scheme may be cut to one year

• Court summons Bharti Airtel, Idea, Loop over mobile number portability

GVK to sell stake to help fund Australia coal project

• UltraTech eyes Adhunik's north east plant

• Govt says Vodafone has to pay tax once I-T Act amended

• RIL official says not to expand fuel retail ops till price deregulated

• Oil India shareholders OK 3-for-2 bonus issue

• HCL Tech, Cisco Systems jointly develop solution for financial svcs

• Idea Cellular tops GSM user addition in Feb; Uninor comes second

• HEALTHCARE: The finance ministry and World Bank have signed an agreement for credit of

$152 mln to upgrade health services in Uttar Pradesh.

• OIL & GAS: The government may decontrol diesel prices by providing cash subsidy to farmers to insulate them from the adverse impact of price increase. State-owned oil marketing companies have asked the government to include petrol--which was deregulated in 2010--in the administered pricing mechanism. POWER: The government has withdrawn deemed export benefits available to suppliers of equipment to all non-mega power projects.

• TELECOM: Unitech Wireless has asked the Supreme Court to direct the telecom department to conclude 2G auction by Jun 2, and fix 2G auction reserve price at the same level as 3G auction.

BLOOMBERG : State Bank of Travancore to pay 16 rupees/share interim dividend

BLOOMBERG : RPower:

• HC asks state cos not to take coercive steps against co

• RPower moved HC on Krishnapatnam project power buy pacts

BLOOMBERG :

• YES Bank to raise at least 1 bln rupees via lower tier-II bonds

• YES Bank to offer 10-year lower tier-II bonds at 9.90%

BLOOMBERG :

• Mahindra Group to own 26.3% in Tech Mahindra-Satyam merged co

• British Telecom to own 12.8% in Tech Mahindra-Satyam merged co

• 10.4% of Tech Mahindra-Satyam merged co to be treasury stock

• Tech Mahindra to issue 103.4 mln new shrs for merger with Satyam

MARKET NEWS

BOARD MEETING
• BANAS FINANCE, to consider the issue of bonus shares.
• MADRAS CEMENTS, to consider interim dividend.
• MEDICAMEN BIOTECH, to consider conversions of warrants.
• MURUDESHWAR CERAMICS, to mull pref issue of shares, convertible warrants.
• RAMCO INDUSTRIES to consider interim dividend.
• RASOYA PROTEINS, to allot 13.6 mln shares on warrant conversion.
• RATHI GRAPHIC TECHNOLOGIES, to consider disinvestment of subsidiary.
• SATYAM COMPUTER SERVICES and TECH MAHINDRA, to mull merger.
• STATE BANK OF BIKANER AND JAIPUR, to consider interim dividend.
• STATE BANK OF TRAVANCORE, to consider interim dividend.
• STEELCAST, to consider issue of shares on conversion of warrants.

DATA ALERT FROM OVERSEAS
• JAPAN ALL INDUSTRY INDEX for Jan.
• JAPAN STEEL PRODUCTION for Feb.
• UK PUBLIC SECTOR FINANCES for Feb.
• UK AGENTS' SUMMARY OF BUSINESS CONDITIONS for Mar.
• MINUTES OF BANK OF ENGLAND'S MARCH MONETARY POLICY MEET.
• US EXISTING HOME SALES for Feb.
• US ENERGY DEPARTMENT PETROLEUM STATUS REPORT for Mar 16 week.