13-04-2012

FII & DII activity 
FII & DII activity on 12-04-2012 – FII net buyers in index future to the amount of Rs 192.66 cr , in index options net buyers to the amount of Rs 277.73 Cr, in stock futures net buyers to the amount of Rs 13.31 Cr & in stock options net sellers to the amount of Rs 81.93 Cr. Overall FIIs were net buyers by Rs 401.76 Cr.


Capital Marget Segment – FII trading activity net buyers of Rs 135.98 Cr & DII trading activity net buyers of Rs 237.4 Cr.




BOARD MEETING 
• RANA SUGARS, to mull allotment of shares to promoters on preferential basis.
• VAKRANGEE SOFTWARES, to mull record date for share split, bonus share issue.




MARKET NEWS
AVIATION: The government has approved financial restructuring and turnaround plan for national carrier Air India, making way for a 300-bln-rupee fund infusion by 2020-21 (Apr-Mar).
Note on 49% foreign direct investment in airlines by foreign carriers will go to Cabinet soon.
• OIL & GAS: The government is likely to raise retail prices of subsidized fuels once Parliament approves the Finance Bill for 2012-13 next month.
• PHARMACEUTICALS: GlaxoSmithKline and Teva Pharmaceutical Industries are in separate discussions to acquire the domestic business of Bengaluru-based Micro Labs.
• SHIPPING: Spot freight rates for crude tankers increased 4-14% month-on-month in March following increase in tonnage demand from India and China.
STATE BANK OF INDIA: Plans to buy loans given mostly to Indian companies by banks in the US and Europe to boost its overseas credit assets and profitability.


• SUZLON ENERGY: Is in talks with STATE BANK OF INDIA, BANK OF BARODA, CENTRAL BANK OF INDIA, CANARA BANK, and IDBI BANK to raise a term loan of $700 mln this financial year.


MANGALORE REFINERY AND PETROCHEMICALS: Has been forced to shut down two units of its 11.82-mln-tn refinery in Karnataka due to acute water shortage.
• MAX INDIA: Japan's MS&AD Insurance Group will withhold the tax while buying 26% stake in the company's joint venture Max New York Life Insurance.
• OIL AND NATURAL GAS CORP: Moody's Investors Service has downgraded the company's domestic currency rating to Baa1 from A2.
• RELIANCE COMMUNICATIONS: Has entered into a two-year exclusive deal to bundle its service with Google Android.
• SHREE GANESH JEWELLERY HOUSE: Its joint venture with Alex Group of Companies has commissioned a 25 MW solar power plant in Gujarat.


GAIL INDIA: Moody's Investors Service has downgraded the company's domestic currency rating to Baa2 from A3.
• GMR INFRASTRUCTURE: Arm GMR Hyderabad International Airport registered 13.16% growth in passenger traffic in 2011-12 at 8.6 mln.
• IDBI BANK: Has raised 6.2 bln rupees through issue of Swiss-franc denominated bonds.
• IVRCL: Is looking to sell 37.5% stake in its special purpose vehicle IOT Utkal Energy Services.
• JET AIRWAYS: Plans to shift its global operations to Munich in Germany.
• KINGFISHER AIRLINES: Lenders want the company to identify and sell some of its non-core assets to bring in capital.


Finance ministry wants Mallya to sell assets to save Kingfisher Air
• Telenor-Unitech row arbitration in Singapore
• Infosys founder's fund invests 1 bln rupees in Connexios
• Shriram mulls taking Honda to Company Law Board


  Infosys Result




• Jan-Mar standalone net profit 2759 cr rupees
• Jan-Mar standalone income from ops 8183 crrupees
• FY12 consol net profit 8316 cr rupees vs 6823 cr
• FY12 consol revenue 33734 cr rupees vs 27501 cr
• To pay final dividend of 22 rupees/share
• To pay special dividend of 10 rupees/share