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Monday, August 26, 2013

Daily Report 26-08-2013

Data Alert From Overseas –
. US Core Durable Goods Orders m/m at 6.00 pm.

Domestic Stock Specific News –
. Govt says see FY16 total spend at 19.46 trln rupees
. Govt says fiscal consolidation hinges on growth in gross tax revenue
. Govt says effective revenue gap to be reduced to nil by FY16
. Jr finance minister says no plan to up foreign invest cap in banking
. RBI ED Mohanty says policy easing limited by inflation, external risks
. Telecom secy says Reliance Industries applied for unified licence
. RIL-BP announce second deepwater gas discovery in Cauvery basin
.Trade minister says to discuss trade payments to Iraq in rupee terms
. Source says BHEL lowest bidder for 1000 MW Neyveli Lignite unit tender
. NTPC CMD says may invest in power distribution if approached by states
. SBI source says need govt capital commitment before bank arms' merger
. BEML seeks shareholder nod for shr buyback provision
. Speaker suspends 12 members from Lok Sabha for next 5 days
. Tina Ambani tells 2G court she has no role in Reliance ADAG
. PSU oil cos hold talks to source LNG from US-based suppliers
.Govt says gradual fuel price hikes to aid oil cos' financial health

International News -
. US New Home Sales declined 13.4% to 394K in July from 455K in June



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