FREE STOCKS ALERT - 20.11.2013

* AMBUJA CEMENTS: Swiss cement major Holcim may have won minority shareholder support for its India restructuring plans on strong backing from foreign
institutional investors. 

- Domestic institutions, which together hold about 9% in the company, have voted against its merger with Holcim. 

* ARSS INFRASTRUCTURE PROJECTS: Jul-Sep net loss narrowed to 161.74 mln rupees year-on-year. 

* ARVIND: American clothing giant Philip Van-Heusen Corp may induct the company as its new joint venture partner for Calvin Klein in India . 

* ASHOK LEYLAND: Board has approved merger of arm Ashley Services with company. 

* ASIAN ELECTRONICS: Jul-Sep net loss narrowed to 27.8 mln rupees year on year. 

* BAJAJ HINDUSTHAN: Has suspended Uttar Pradesh cane crushing operations, citing delay in announcement of viable cane prices by state government. 

* BALRAMPUR CHINI: Has suspended Uttar Pradesh cane crushing operations, citing delay in announcement of viable cane prices by state government.

* BHUSHAN STEEL: Union Minister for Labour and Employment Kodkunnil Suresh has sought a report on the mishap at the company's steel plant in Odisha. 

* COAL INDIA: Trade unions have deferred their proposed strike between Dec 17 and 19. 

* DCM SHRIRAM CONSOLIDATED: Has suspended Uttar Pradesh cane crushing operations, citing delay in announcement of viable cane prices by state government. 

* DHAMPUR SUGAR MILLS: Has suspended Uttar Pradesh cane crushing operations, citing delay in announcement of viable cane prices by state government.

* DWARIKESH SUGAR INDUSTRIES: Has suspended Uttar Pradesh cane crushing operations, citing delay in announcement of viable cane prices by state government. 

* ECL FINANCE: Has approved public issue of non-convertible debentures worth up to 7.5 bln rupees. 

* FINANCIAL TECHNOLOGIES INDIA : Chokshi & Chokshi Chartered Accountants will conduct a forensic audit of bullion contracts traded on arm National Spot Exchange. 

- The Economic Offences Wing of the Mumbai Police will soon be attaching properties of National Spot Exchange Vice Chairman Jignesh Shah and former director Joseph Massey. 

* HINDALCO INDUSTRIES: Subsidiary Novelis will sell its consumer foil business in North America for $35 mln to Reynolds Consumer Products. 

* HIL: Has stopped operations at Gujarat manufacturing unit as contract labour have not been reporting to duty since Nov 15. 

* HINDUJA FOUNDRIES: Jul-Sep net loss narrowed to 402.5 mln rupees year-on-year. 

* LARSEN & TOUBRO: Sold 1.22 mln shares of L&T Finance at 78.43 rupees each on Monday. 

* MULTI COMODITY EXCHANGE: PricewaterhouseCoopers will conduct a special audit of the company. 

* OIL AND NATURAL GAS CORP: Is likely to develop its deep-water hydrocarbon block in Krishna-Godavari on its own with the help of international consultants. 

* PVR: Promoter got pledge on 2.81 mln shares of the company released on Monday. 

* RELIANCE INDUSTRIES: The ministry of petroleum and natural gas last week disallowed cost recovery of $1.8 bln to the company for underproduction of gas for 2012-13. 

* RELIGARE ENTERPRISES: Arm Religare Securities launched an integrated online trading platform to expand its base. 

* ROHIT FERRO-TECH: Coking coal mine in Indonesia has started commercial sales from today by shipping its first cargo to China . 

* SESA STERLITE: Vedanta Aluminium has commissioned a red mud powder-producing unit at its Lanjigarh refinery in Odisha. 

* SHIPPING CORP OF INDIA : To hike container freight rate on India-Europe route by $250 per TEU from Dec 1. 

* SHRIRAM EPC: Got two orders worth 2.14 bln rupees in total from Mumbai Municipal Corp and Bharat Petroleum Corp. 

* TATA GLOBAL BEVERAGES: Joint venture Tata Starbucks is planning to launch its first Starbucks in Bengaluru in Koramangala. 

* TATA MOTORS: Is planning to launch a new hatchback and a sub-4 metre sedan powered by 1.2-ltr turbocharged petrol engine in 2014. 

* TECH MAHINDRA: Removed 5,000 employees at its business process outsourcing unit in the last one year due to profitability issues. 

* THE OUDH SUGAR MILLS: Has suspended Uttar Pradesh cane crushing operations, citing delay in announcement of viable cane prices by state government.

* UNITED BREWERIES (HOLDINGS): Karnataka High Court admitted a petition filed by BNP Paribas for winding up of the company. 

* UNITED SPIRITS: Majority stake owner Diageo has hinted that it may get rid of some loss-making brands to improve margins. 

- The British Office for Fair Trading will decide by Monday if Diageo's acquisition of the company will lead to a monopoly of the UK liquor maker in their home market. 

* UTTAM SUGAR MILLS: Has suspended Uttar Pradesh cane crushing operations, citing delay in announcement of viable cane prices by state government.

* UPPER GANGES SUGAR: Has suspended Uttar Pradesh cane crushing operations, citing delay in announcement of viable cane prices by state government. 

* WHEELS INDIA : The company's Jul-Sep net profit rose 1.51% year-on-year to 87.3 mln rupees.

FREE DAILY SECTORS ALERT - 14.11.2013

* AGRICULTURE: The Cabinet Committee on Economic Affairs has deferred a decision on changes to the urea policy.

* AVIATION: West Bengal 's new airport in Andal is set to miss the December deadline, and is now expected to commence operations from Apr 15.

* EXCHANGES: The court of Maharashtra Protection of Interest of Depositors has extended National Spot Exchange's former managing director and chief executive officer Anjani Sinha's judicial custody till Nov 27.

* FINANCE: Pension Fund Regulatory and Development Authority Chairman Yogesh Agarwal has resigned from office with immediate effect.

* HOSPITALITY: Sahara Group has put up for sale three iconic hotels--The Plaza, Dream Downtown, and Grosvenor House--with an Arab business family said to have made a 1-bln-pound-sterling offer for all of them.

* INFRASTRUCTURE: Prime Minister Manmohan Singh at a meeting cleared proposals to set up greenfield international airports at Navi Mumbai and Pune. The Delhi Mumbai Industrial Corridor Development Corp has invited interested bidders to prepare a perspective plan for the planned Bengaluru- Mumbai Economic Corridor. Cabinet Committee on Economic Affairs has approved 5.4-bln-rupee project for six-laning of the Jalandhar-Amritsar section of NH 1.

* INVESTMENT: Foreign Investment Promotion Board approved 14 foreign direct investment proposals, but did not take up Vodafone's proposal. (Cogencis) The Cabinet has deferred decision on easing foreign direct investment norms for real estate sector.

* REGULATORY: RBI will hold open market operations to purchase up to 80 bln rupees of bonds on Monday. Dollar demand of majority of oil marketing companies has already returned to the forex market and the rest will be brought back when markets are calmer, RBI Governor Rajan said. Rajan has said no single data point would determine future policy moves of the central bank. RBI has said there was no particular timeline to get government bonds included in key global indices such as JP Morgan's Emerging Market Bond Index.

* TELECOM: India October GSM user addition 4.34 mln against 4.41 mln in September. Telecom Minister Kapil Sibal labelled BJP leader Yashwant Sinha's supposition that another spectrum scam was in the offing as "wild and baseless".

FREE DAILY SECTORS ALERT - 13.11.2013

* COMMODITIES: Government allowed traders to register with the Directorate General of Foreign Trade for up to 50,000 tn of sugar for overseas sales. 

* ECONOMY: Rise in consumer price index-based inflation rate for October is "certainly disturbing," Prime Minister's Economic Advisory Council Chairman C. Rangarajan said.  India needs to enhance the reach of its National Pension System, especially for the unorganized sector, Finance Minister P. Chidambaram said. 

- Finance Minister P. Chidambaram said the country needed to improve its record of implementing projects. Economic Affairs Secretary Arvind Mayaram said those who are punting on higher dollar-rupee rate will "lose heavily." 

            - A committee will come out with clarifications on foreign direct investment and foreign institutional investment in two weeks, Arvind Mayaram said. Economic Affairs Secretary said the industrial production data for September should be looked in a positive way as it was moving in a desired direction. 

* EXCHANGES: Any decision that Forward Markets Commission takes on MULTI COMMODITY EXCHANGE OF INDIA will have a bearing on SEBI's decision on MCX Stock Exchange and other Financial Technologies group companies, SEBI Chairman said. 

* FINANCE: India Infrastructure Finance Co is planning to raise $750 mln from three global development finance agencies in 2014-15 (Apr-Mar). 

* FMCG: France 's Lactalis Group, the world's largest food products company, is looking to buy Tirumala Milk products for up to $300 mln. 

* INFRASTRUCTURE: Union Cabinet will mull a proposal to relax foreign direct investment norms in the construction sector on Wednesday. 

* MINING: The inter-ministerial group on coal blocks has recommended deallocation of 11 unutilised blocks given to companies like JINDAL STEEL & POWER and MONNET ISPAT & ENERGY. 

* REGULATORS: Government has excluded Pension Fund Regulatory and Development Authority Chairman Yogesh Agarwal from the selection panel formed to appoint two whole time members of the authority. The RBI, as part of its due diligence before granting banking licences, has sought details of credit accounts of the 26 applicants. 

* TELECOM: Vodafone India will spend around 70 bln rupees to expand its data network and coverage in addition to its annual capex of 50 bln rupees over the next few years. 

* TYRES: The government has asked industry body All India Rubber Industries Association to submit a detailed blueprint for the creation of a national rubber policy.