FREE SECTORS ALERT - 29.11.2013

* AUTOMOTIVE: UK motorcycle brand Triumph has entered the Indian market with the launch of 10 models.

* AVIATION: India is set to increase Qatar 's entitlement of airline seats as per bilateral traffic rights. Airports Authority of India plans to charge lease rental on six airports that are on the block in the second phase of airport privatisation. 

* COMMODITY: Uttar Pradesh government has asked sugar mills in the state to start cane crushing operations between Dec 4 and Dec 7 or face penal action. Indian Sugar Mills Association reiterated that sugar mills in Uttar Pradesh would not be able to function in present conditions and has no appetite for "more losses". 

* CORPORATE BONDS: Housing and Urban Development Corp plans to raise at least 5 bln rupees by issuing tax-free bonds maturing in 10, 15 and 20 years. SEBI urged depositories to monitor investment by FIIs and qualified foreign investors in credit enhanced corporate bonds to ensure aggregate does not exceed 90% of the $5 bln limit. 

* DISINVESTMENT: Prime Minister Manmohan Singh could decide today on the long-delayed plans to sell government's stake in Balco and HINDUSTAN ZINC. 

* ENERGY: Cabinet Committee on Economic Affairs approved extension of the deadline for state distribution companies to avail of loan-restructuring package. Prices of CNG could go up anything between 15 rupees and 20 rupees per kg in Mumbai from Sunday, taking rates to 59 rupees. 

* EXCHANGES: BSE has launched the currency and interest rate derivatives exchange with zero transaction fees for the first six months of operation. 

* INFORMATION TECHNOLOGY: There is only one fresh "concrete proposal" to set up a semi-conductor manufacturing unit, IT department secretary said.

* INFRASTRUCTURE: The Rangarajan-headed panel has, in principle, agreed on a formula that will allow road developers in stressed projects to backend majority of their annual premium payable to the government. The government is close to finalising a bailout package for road developers. 

* INVESTMENT: The Union Cabinet did not take up proposals on revised foreign direct investment policy for the pharmaceutical and realty sectors. 

* PHARMA: The government has filed two affidavits in the Supreme Court, defending the new policy on pricing of essential medicines. 

* REAL ESTATE: Lodha Group has bought the Canadian high commission's building in central London for 31.20 bln rupees (306 mln pound sterling). Shapoorji Pallonji Group and Canada Pension Plan Investment Board have entered into an alliance to acquire FDI-compliant, stabilised office buildings in Indian cities. Government plans to rope in corporates to provide low-cost rental homes on a large scale in cities and towns. 

* REGULATORS: RBI has cancelled the authorisation of Royal Bank of Scotland , India , for conducting primary dealership business with effect from Monday.  RBI said it will consider need-based relaxation of 50% limit on equity investment by non-banking financial companies in insurance JV companies. 

* TAX: Government is likely to announce solution to the issue of taxation for foreign portfolio investors soon. 

* TELECOM: ZTE India expects to generate $800 mln revenue in the country in 2014 and is eying demand from telecom players looking to upgrade network.  An inter-ministerial panel is scheduled to meet Tuesday to decide on the long-awaited mergers and acquisitions norms for the telecom industry. 

FREE STOCKS ALERT - 28.11.2013

* ADANI PORTS & SEZ: Has signed a memorandum of understanding with the Zeebrugge port of Belgium to explore joint business opportunities. 

* ALSTOM T&D INDIA : Plans to issue 16.94 mln shares to institutional buyers on Nov 29. 

* ANDHRA BANK: Has taken possession of two properties of DECCAN CHRONICLE HOLDINGS worth 1.60 bln rupees. 

* ASHOKA BUILDCON: HDFC Mutual Fund bought 9.5 mln shares or 6.01% of the company on Nov 26. 

* ASHOK LEYLAND: Said it will go pan-India with new commercial vehicle range, Boss, in a phased manner, after consolidating presence in south and west India . 

* DABUR INDIA: Espirito Santo plans to launch a private equity fund in partnership with the Burman family of Dabur to invest in mid- and small-cap companies. 

* LARSEN & TOUBRO: Has so far raised 5 bln rupees for its first infrastructure fund domestically through banks and institutions. 

* LIC HOUSING FINANCE: Is planning to raise 3 bln rupees through three-year bonds at 9.84%. 

* MULTI COMMODITY EXCHANGE: Appointed Satyananda Mishra as board chairman and Miten Mehta as nominated director for FINANCIAL TECHNOLOGIES INDIA. 

* SPICEJET: Has appointed consulting firm Bain and Co to restructure the airline's network and return to profitability. 

* TATA SONS: Less than five months after it joined the ranks of aspirants for a bank licence, Tata Sons Ltd has withdrawn its application. 

* VARUN SHIPPING CO: The directorate general of shipping is set to suspend the company's licence to operate Indian-registered ships.

FREE DAILY SECTORS ALERT - 28.11.2013

* AVIATION: About 2,100 Air India employees across all categories are set to get their promotion letters soon. AirAsia's Thailand unit will scrap its Kolkata-Bangkok flight from March because the company is losing money on this route. 

* BANKING: Asian Development Bank is examining fundraising through issuance of offshore rupee bonds. All regional rural banks will be required to maintain minimum capital to risk-weighted assets ratio of 9% on an ongoing basis from Mar 31, RBI has said. 

* COMMODITIES: Farmers' union has called a bandh on Thursday and Friday in Maharashtra after talks on hike in sugarcane prices between the state and prime minister failed. 

- The Cabinet is likely to take a call Thursday on a proposal to extend powers given to states to impose stock limits on rice and paddy. 
- Uttar Pradesh Sugar Mills Association has asked the state government to quash the first information report against promoters of two private mills. 

* CORPORATES: Less than five months after it joined the ranks of aspirants for a bank licence, Tata Sons has withdrawn its application. 

* EXCHANGES: The National Commodity and Derivatives Exchange will introduce day spread limit order type on its platform in select commodities in a phased manner starting Saturday. 

* FINANCE: India Infoline Housing Finance plans to raise at least 2.5 bln rupees through public issue of secured redeemable non-convertible debentures maturing in 60 months. 

* FOREIGN DIRECT INVESTMENT: The Cabinet is likely to take up the proposed revised policies on foreign direct investment in the pharmaceutical and realty sectors on Thursday. 

* INFRASTRUCTURE: The road ministry has approved 14 highway projects to be bid under the engineering, procurement, and construction model. 

* MINING: The Directorate of Mines and Geology, Goa , will undertake re-verification of iron-ore inventory in the state. 

- The government's decision to cancel allocation of 11 captive coal blocks to 18 companies may turn 240 bln rupees invested into developing these mines into sunk capital. 

* PHARMACEUTICALS: KKR is set to acquire a 35% stake in Hyderabad-based Gland Pharma for a little over $200 mln (around 13 bln rupees). 

- ICICI Venture is close to finalising a deal to sell its 67% stake in Medica Synergie to Singapore-based Quadria Capital for 1.60 bln rupees. 

* REGULATORY: SEBI has allowed limited liability partnerships to become members of stock exchanges. SEBI is now planning to tweak periodic call auction norms to improve efficacy.

* TAXATION: The Central Board of Excise and Customs will lower the threshold of mandatory payment of excise and service tax through internet banking from 1 mln rupees to 100,000 rupees from Jan 1. 

* TELECOM: Telecommunication Regulatory Authority of India has set a cap on tariff for mobile banking services at 1.50 rupees per transaction. The trial court has concluded prosecution evidence and recording of CBI witness' statements in the 2G-scam case probe. 

- Government is set to approve lower spectrum usage charges for telecom companies, while also paving way for a lenient penalty regime for minor offences. The Competition Commission of India will undertake a probe to see if Swedish mobile infrastructure player Ericsson is indulging in anti-competitive practices. 

* TRADE: Government is bargaining hard at WTO to ensure pharma industry and spices exporters are not adversely hit by the proposed pact on trade facilitation. 

FREE DAILY STOCKS ALERT - 19.11.2013

* ADANI PORTS AND SPECIAL ECONOMIC ZONES: Has challenged the environment ministry's decision to impose penalties on it for environmental violations. 

* AMBUJA CEMENTS: General Insurance Corp of India and four other insurers will vote against the 35-bln-rupee Ambuja-Holcim deal. 

* DELTA CORP:  Has launched umbrella brand 'Deltin' for its resorts and casinos. 

* ERA INFRA ENGINEERING: Posted a net loss of 1.43 bln rupees in Jul-Sep against a profit 485.10 mln rupees a year ago. Net sales down 34.40% YoY at 6.01 bln rupees. 

* FINANCIAL TECHNOLOGIES INDIA : Key staff of arm National Spot Exchange invested 340 mln rupees in a company floated by former finance head of PD Agroprocessors, a large borrower that owes investors on the bourse. 

* GAIL: May look for new buyers for imported natural gas from Qatar , which was earlier contracted to NTPC. 

* GMR INFRASTRUCTURE: Has approached Department of Electronics and Information Technology for setting up a semiconductor unit and is looking for a partner for the same. 

* HINDUSTAN MOTORS: Reported a Jul-Sep net profit of 2.9 mln rupees against against a loss of 301 mln rupees a year ago. Net sales fell 21.5% year-on-year to 1.03 bln rupees. The company is planning to approach the Board for Industrial and Financial Reconstruction. 

* ICICI BANK: Has cut the pricing of its US dollar-denominated unsecured senior notes to 360 basis points over five-year US Treasury bond yield from 375 bps earlier. 

* INFOSYS: Company's head of utilities and resources, North America , and member of the executive council, Stephen R. Pratt has resigned. 

* IPCA LABORATORIES: The company has entered into an agreement to acquire 50% stake in Avik Pharmaceutical for 65.1 mln rupees. 

* JET AIRWAYS: Promoter group company Tail Winds sold 2 mln shares of company and National Stock Exchange and 4.8 mln shares on BSE today. 

* JUBILANT FOODWORKS: Promoter sold 537,789 shares of company on Nov 13-14. 

* KEC INTERNATIONAL: Is looking to divest its seven acre land in Thane for 2.20-2.25 bln rupees. 

* MINDTREE: The company has appointed Ramesh Pillai as senior vice president and global head of its Hi-Tech vertical, and Mark Wilsdon as vice president and head of sales of the UK and European Union regions. 

* MULTI COMMODITY EXCHANGE OF INDIA : FMC had instructed company for immediate removal of former MD and CEO Javalgekar, a report by the regulator said. 

* NETWORK 18 MEDIA & INVESTMENTS: Percept Live is set to drag joint venture Viacom18 Media to court for allegedly copying the former's Suburn music festival presentation. 

* NHPC: The company commissioned the third unit of the Uri-II hydel project on Sunday. 

* POWER GRID CORP OF INDIA : Has filed the Red Herring Prospectus with the Registrar of Companies for the follow-on public offering. 

* RELIANCE INDUSTRIES: Board is backing investment in telecom and petrochemicals but is reluctant to invest in oil & gas. The oil ministry has moved a Cabinet note proposing that the company be asked to furnish a $135-mln bank guarantee every quarter, which will be encashed if the company is found to have hoarded gas in the KG-D6 block. 

* SABERO ORGANICS GUJARAT : Is taking necessary steps to address the concerns of Gujarat Pollution Control Board and to seek nod to continue operations. 

* SPICEJET: Is set to buy 40-50 Boeing 737 Max planes.

* STATE BANK OF INDIA : Has decided to classify its exposure to First Leasing worth 2.5 bln rupees as non-performing asset. 

* TATA MOTORS: Has not ruled out the possibility of more block closures at its Jamshedpur plant in 2013-14 (Apr-Mar). 

* TATA TELESERVICES MAHARASHTRA :  Will soon start offering subscribers free voice minutes for viewing advertisements on their handsets before making calls. 

* WINSOME DIAMONDS: Lenders to the company and Forever Precious Jewellery are planning to declare these two companies as wilful defaulters. 

* VARUN INDUSTRIES: The Debt Recovery Tribunal has given 'symbolic possession' of all mortgaged assets to a consortium of 10 lenders. 

* UFLEX: Is planning to bring its international business under an umbrella company in Dubai and to list it abroad to fund future overseas expansion.

FREE DAILY STOCKS ALERT - 08.11.2013

* CUMMINS INDIA: Has posted Jul-Sep net profit of 1.45 bln rupees, down 10% on year and net sales of 9.14 bln rupees, down 14.5% on year. 

* EICHER MOTORS: Has posted Jul-Sep consolidated net profit of 1.07 bln rupees, up 62.75% on year and net sales of 16.62 bln rupees, up 12.98%. 

* FINANCIAL TECHNOLOGIES ( INDIA ): The Economic Offences Wing of Mumbai Police has started attaching properties of defaulters and others named in the First Information Report in the arm National Spot Exchange's case. 

* GVK POWER AND INFRASTRUCTURE: In talks with financial institutions to sell minority stake in its airport and road businesses. 

* HERO MOTOCORP: Appointed Rajat Bhargava as head of strategy and performance transformation and Marcus Feichtner as the head of the newly-created division of engine design and development. 

* HSIL: Jul-Sep net profit more than halved on year to 91.3 mln rupees from 205 mln rupees last year. 

* INDIAN HOTELS: The Delhi High Court has postponed the hearing of the company's suit against the proposed auction of The Taj Mansingh in Delhi . 

* INGERSOLL-RAND INDIA : Jul-Sep net profit was up 12.09% on year at 186.40 mln rupees, compared with 166.30 mln rupees last year. 

* JET AIRWAYS: A home ministry official said the Jet-Etihad deal was likely to get approval.

* KANORIA CHEMICALS & INDUSTRIES: Jul-Sep net profit was up four-fold on year to 115.6 mln rupees, compared with 23.1 mln rupees. 

* KOTAK MAHINDRA BANK: Standard & Poor's has assigned BBB- long-term credit rating to the bank with negative outlook. 

* MARUTI SUZUKI INDIA : Vehicle production in October fell by 5.5% on year to 101,433 units. 

* MOIL: Has posted Jul-Sep net profit of 905.65 mln rupees, down 16.65% on year and net sales of 2.27 bln rupees, down 1.17% on year. 

* OIL AND NATURAL GAS CORP: Company has alleged that Niko Resources has drawn gas from its neighbouring gas field called Olpad. 

* ORIENT REFRACTORIES: Jul-Sep net profit was up 26.98% on year at 133.63 mln rupees, and net sales were up 6.66% on year at 970.37 mln rupees. 

* POWER GRID CORP OF INDIA : The Cabinet Committee on Economic Affairs has approved the proposal for a follow-on public offer of state-owned company. 

* PRESTIGE ESTATES PROJECTS: Has posted Jul-Sep net profit of 776.2 mln rupees, down 69.9% on year and net sales of 4.72 bln rupees, down 111.5% on year. 

* RADICO KHAITAN: Has posted Jul-Sep net profit of 173.2 mln rupees as compared to 220.6 mln rupees last year. 

* REDINGTON ( INDIA ): Plans to sell either in part or wholly its investment in its arm Easyaccess Financial Services to Harrow Investment Holding, Mauritius . Jul-Sep net profit was up 4.32% on year at 760.7 mln rupees, while sales of the company were up 13.9% on year at 66.7 bln rupees. 

* RELIANCE COMMUNICATION: Amit Das from RPG Enterprises may join the company as its human resource head. 

* RELIANCE INDUSTRIES: A parliamentary committee has asked the oil ministry to declare the company a 'defaulter' for the fall in gas output from the KG-D6 block. 

* SPICEJET: Has posted Jul-Sep net loss of 5.6 bln rupees as compared to 1.6 bln rupees loss year ago. 

* SUN PHARMACEUTICAL INDUSTRIES: Drug Controller General of India has asked the company to suspend clinical research at its bio-analytical laboratory in Mumbai. 

* TATA POWER: The Maharashtra Electricity Regulatory Commission has ordered the transfer of RELIANCE INFRASTRUCTURE'S 790,000 low-end customers to the company. 

* TECH MAHINDRA: Jul-Sep consolidated net profit rose 4.7% on quarter to 7.18 bln rupees, while the income from operations rose 16.3% sequentially. 

* TV TODAY: Jul-Sep net profit was at 128.34 mln rupees, compared with a net loss of 91.54 mln rupees last year. 

* UNITED BREWERIES: Has posted Jul-Sep net loss of 185.7 mln rupees as compared to profit of 342.0 mln rupees year ago. 

* WANBURY: Spanish Arm Cantabria Pharma has filed petition for voluntary insolvency in the Commercial Courts of Madrid on Nov 4.

FREE DAILY SECTORS ALERT - 25.10.2013

* AUTO: General Motors India has launched new editions of its sedan Chevrolet Cruze ranging from 13.75 mln rupees to 16.15 mln rupees. 

* COAL: The inter-ministerial group on coal has reviewed status of 16 coal blocks belonging to various companies including NTPC LTD, STEEL AUTHORITY OF INDIA LTD, and JINDAL STEEL AND POWER LTD. 

* ECONOMY: Finance Minister P. Chidambaram has asked financial sector regulators to take concrete steps to tackle any adverse impact of US Federal Reserve tapering its quantitative easing programme on the Indian economy. 

* FMCG: Burger King will soon enter India through a franchising partnership with a company, headed by the present Chief Executive Officer of its UK operations and majority-owned by private equity firm Everstone Capital. Directors of Amul have accused Chairman Vipul Chaudhary of financial irregularities and misconduct, demanding his removal. 

* INSURANCE: Life Insurance Corp of India holding over 13% stake in STATE BANK OF INDIA is not a cause for regulatory concern on any count, S.K. Roy, chairman of LIC has said. 

* MUTUAL FUNDS: Securities and Exchange Board of India and the government are working on changes to the policy for mutual funds that could see them gain access to money from provident fund and other retirement programmes. 

* REGULATORY: SEBI has said that it will permit small and medium enterprises, including start-ups, to list on institutional trading platforms of the SME exchanges without going in for an initial public offer. 

* STOCK MARKET: Life Insurance Corp and IDBI BANK, stake owners of the National Stock Exchange, are proposing that private equity investors in the exchange sell their holdings to state-run institutions or wait for regulation to permit listing. 

FREE SECTORS ALERT - 03.10.2013

* AUTOMOTIVE: Honda Motorcycle and Scooter India sold 328,965 units in September, the highest-ever monthly sales for the company, against 243,107
units a year ago. Domestic sales of Toyota Kirloskar Motor fell 0.8% on year to 12,015 vehicles in September. Honda Cars India locally sold 6,679 units of its recently-launched Amaze compact sedan in September, which led the company's total domestic volumes up by 88% on year to 10,354 units.

- Luxury carmaker Bentley has launched its Flying Spur sedan in India at a base price of 31 mln rupees ex-Delhi. Yamaha Motor India total sales shot up 42% on year to 60,031 units in September from 42,235 units a year ago.

* AVIATION: Centre for Asia Pacific Aviation has said India's aviation industry would have to eventually move to a hybrid business model, combining low costs and premium services given the country's limited market for full-service airlines.

* CORPORATE: Companies seeking easier terms on their loans face the prospect of ceding management control to lenders under a new scheme being considered by the finance ministry and Indian Banks' Association.

* ECONOMY: Finance Minister P. Chidambaram has said a growth of anything higher than 5% in the Indian economy in the current financial year ending March should be considered satisfactory.

- Chidambaram said the Indian rupee could appreciate to 60 to a dollar if inflows continue to pick up as they did in the last three weeks. Asian Development Bank has cut India 's GDP growth forecast for 2013-14 (Apr-Mar) to 4.7% from 6%.

* ENERGY: The West Bengal government has revised the share purchase agreement for the proposed stake sale in Haldia Petrochemicals to iron out issues raised by bidders.

- State-owned oil marketing companies are estimated to incur daily revenue losses of 4.32 bln rupees in the first half of October on sale of subsidised fuels, an 11% decline from 4.86 bln rupees in the previous fortnight. The power ministry is pushing to separate power supply business and network ownership to enable full open access to consumers.

* FUNDING: Asian Development Bank is planning to fund a $100 mln project to improve secondary education and vocational training in Meghalaya.

* GOVERNMENT: The United Progressive Alliance government on Wednesday withdrew the controversial ordinance on protecting convicted lawmakers from losing their seats.

* INFORMATION TECHNOLOGY: Cognizant has acquired French financial services consulting firm Equinox for an undisclosed sum.

* MINING: The Supreme Court to resume hearing in Goa iron ore mining case Thursday.

* TELECOM: An internal committee of the Department of Telecommunications has rejected the Telecom Regulatory Authority of India's proposal on the new reserve price for spectrum auction.

FREE DAILY SECTORS ALERT - 21.08.2013

* AVIATION: International Lease Finance Co is facing bureaucratic hurdles in exporting the remaining three aircraft that were leased to KINGFISHER AIRLINES.

* BANKING: Government to delay its plan to infuse 140 bln rupees capital in public sector banks.

* COMMODITIES: Andhra Pradesh government plans to set aside 200 mln rupees for market intervention programme to control onion prices in the state.

* CONGLOMERATE: Jaypee group is planning to reduce its debt by 150 bln rupees through sale of assets.

* ECONOMY: The government is looking to allow unlisted companies to list on foreign exchanges as a channel through which foreign capital can flow in, to
fund India 's current account deficit. Morgan Stanley believes that Indian equity market valuations are not cheap yet and there is still scope for additional downside.
    -Finance Secretary R.S. Gujral will hold additional charge as Secretary Disinvestment and Secretary Expenditure.
    -Government is considering the pros and cons of allowing state-owned companies to issue bonds to non-resident Indians.
    -The finance ministry is studying the possible fallout the National Spot Exchange crisis can have on other group entities, and also from a broader systemic perspective.

* ENERGY: The power regulator in Maharashtra has directed all distribution firms to meet their obligations to buy renewable energy in the past four years, and
said they will have to pay a stiff penalty if the backlog of their "renewable purchase obligation" is not cleared by March 2014.
    -Coal Minister has said that an inter-ministerial committee will look into the issue of missing files related to coal block allocations prior to 2004.
    -The panel formed to look into the issue of compensatory tariffs for imported coal-fired projects of TATA POWER CO and ADANI POWER has submitted its recommendations to the Central Electricity Regulatory Commission.

* INFRASTRUCTURE: India Infrastructure Finance Co is likely to come out with the first tranche of tax-free bonds in September.
    -The National Highways Authority of India is planning to scrap six projects worth 40 bln rupees due to land acquisition issues.
    -NHAI is looking to scale down its plans to upgrade existing national highways to six-lane roads due to poor progress on them.

* INVESTMENT: The Cabinet committee has cleared 171 projects worth 1.69 trln rupees. Pepsico Inc is among the suitors exploring a bid for India 's Balaji Wafers.

* POLICY: Delhi has become the first state in the country to launch the United Progressive Alliance's food security programme.

* PORT: Eight players, including Adani Ports , Essar Ports , and Dubai Port World, have evinced interest in building the 80-bln-rupee fourth terminal at JNPT.

* REAL ESTATE: Unitech Corporate Parks, a Unitech Group firm listed in London , is negotiating with PE firm Blackstone and Singapore 's sovereign wealth fund GIC to sell its IT special economic zone in Gurgaon for 27 bln rupees.

* REGULATORY: Forward Markets Commission may be brought under the charge of the finance ministry. SEBI has unearthed a SMS scam wherein fraudsters were luring investors with promise of daily returns of up to 75,000 rupees. 
    -SEBI has sold the entire investment limit in government bonds for foreign institutional investors. 
    -SEBI has allowed asset management companies to become members of debt platforms of stock exchanges.
    -SEBI has proposed a revision to clause 41 of Equity Listing Agreement to improve disclosure standards.
    -RBI has cautioned companies against adopting external commercial borrowing route for infrastructure projects.
    -RBI will purchase up to 80 bln rupees worth of four government bonds through open market operations on Friday.

* RETAIL: Massimo Dutti is expected to set up stores in India soon.

* STEEL: India 's steel output outshined the world average in July, but lagged behind the Chinese rate of growth, according to data compiled by World Steel Association. India will become a net importer of iron ore in 2013-14 (Apr-Mar) as local production declined because of mining ban in Karnataka and Goa , and delayed restart of production. Coking Coal prices have risen 13% on year in Apr-Jul to 11.2 mln tn.

* SILVER: Household consumption of silver is expected to rise by 25% in calendar year 2013 due to good monsoons.

* TAXATION: Indirect tax collection grew 2.9% in Apr-Jul this fiscal, mainly due to decline in excise duty mop up.

* TELECOM: Growth in GSM subscribers declined in July, with net user addition at 1.49 mln compared with 3.57 mln in June. Telecommunication department defended its decision to allow Telewings Communications, formerly Uninor, to offset the money paid for the spectrum won in November 2012, against its payments for licences in January 2008.
    -Department of telecommunication has allowed service providers to migrate to a new regime before the expiry of the existing one.
    -Fall in rupee against the dollar has led to decline in net worth of BHARTI AIRTEL, IDEAL CELLULAR and RELIANCE COMMUNICATIONS and may inflate debt of telecommunication companies by 6.5%.

* TRAVEL: Companies are reporting a 15% rise in package costs and a 10% (or more) drop in enquiries in the last fortnight. 

DAILY SECTORS ALERT - 17.07.2013

* AUTO: Ford India has received over 30,000 bookings for its compact sports utility vehicle EcoSport since its launch on Jun 26. 

* DEFENCE: Government has decided to allow over 26% FDI in defence production subject to approval by Cabinet Committee on Security. 

* ECONOMY: Finance Minister said RBI's steps to reduce volatility in foreign exchange market were short-term measures.  India will finance current account deficit in the current financial year without drawing down on reserves, Finance Minister P. Chidambaram said.  India 's debt profile is "within sustainable limits" and is consistently improving, the government said in a status report on debt. 

* ENERGY: State-owned oil marketing firms may lose 3.62 bln rupees per day on sale of subsidised fuels during the fortnight ending Jul 31. Government has allowed FDI in petroleum refining sector via automatic route but maintained the cap at 49%. 

* EXCHANGES: Government has allowed 49% FDI in stock exchanges, depositaries via automatic route. 

* FINANCE: Revenue Secretary has asked service tax commissionerates to fast track applications received under Service Tax Voluntary Compliance Encouragement Scheme. 

* INSURANCE: Govt has decided to hike FDI cap in insurance to 49% from 26% now, but the move needs to be approved by Parliament. 

* MARKETS: Morgan Stanely has lowered its end-2013 target for the S&P BSE's 30-share Sensex to 21084 from the earlier 23069 points, mainly because the RBI's liquidity tightening measures are seen hurting companies' earnings. 

* PENSION: The Cabinet is likely to approve a proposal to change withdrawal rules for the New Pension Scheme today. Pension regulator PFRDA has allowed pension fund managers to invest in both mutual fund units and infrastructure debt fund bonds, but with a note of caution over the risk involved in such an exposure.

* REGULATORS: RBI said sales growth of non-financial private corporate business sector continues to slow down for the sixth consecutive quarter in Jan-Mar. The government is considering a new regulation for spot commodity exchanges.

* RETAIL: The government may agree to ease entry norms, as demanded by retailers such as Walmart, Tesco and Carrefour. 

* STEEL: POSCO has decided to pull out of its proposed 6-mln-tn steel plant in Karnataka.

* TELECOM: Government has hiked FDI in basic and cellular services to 100% from 74% now. The Department of Telecom has rejected Vodafone India 's plea to retain the existing cross holding norms governing the telecom sector.

* TEXTILES: India is planning to drastically slash tariff on import of textiles from Pakistan in an effort to normalize trading relations between the two countries. 

FREE DAILY SECTORS ALERT - 04.07.2013

* AVIATION: The Airports Economic Regulatory Authority has floated a consultation paper seeking views of stakeholders on hiking the user development fee charged at the Bengaluru airport.  The Civil Aviation Ministry has rejected a proposal to increase foreign direct investment limit in domestic airlines to 74% from 49% currently.

* BANKING: Ratnakar Bank is targeting a profit growth of 40-45% in the current financial year. Finance Minister P. Chidambaram asked public sector banks to focus on the accounts of their top 30 performers and defaulters in an attempt to improve balance sheets.
 
Finance Minister P. Chidambaram said the government will capitalise IDBI Bank, Indian Overseas Bank, Bank of Maharashtra and Dena Bank with below 8% Tier-1 capital by the end of the current financial year.  Almost half of the gross non-performing loans of Indian banks have come from their top 30 accounts, suggesting that stress among bigger borrowers is primarily responsible for the rising bad assets of banks.

* COAL: The ministry has allocated 14 coal blocks to state-owned power companies, including NTPC Ltd and Neyveli Lignite Corp.

* INFORMATION TECHNOLOGY: Industry body NASSCOM welcomed the government's decision on the long-standing issue of service tax refunds under the special economic zones. Services such as leased line, telecom, manpower supply, software licensing, renting and maintenance, will be upfront exempted from service tax for SEZ units.

* INFRASTRUCTURE: The Union Cabinet approved 7.10 bln rupees for Jammu and Kashmir under the rural road plan Pradhan Mantri Gram Sadak Yojana as a special one-time dispensation.

* MONSOON: The southwest monsoon picked up momentum after four days of below normal rainfall. The country received 10.4 mm rainfall today, 27% above the normal 8.6 mm, said the India Meteorological Department.

* POLICY: The Union Cabinet has cleared an ordinance to implement the ambitious food security plan, which will provide highly subsidised food grain to two-third of India 's population.

* REAL ESTATE: Real estate investment trusts and tailor-made investment options from infrastructure companies to sovereign wealth funds could get an approval soon.

* TELECOM: Wireless subscriber base recorded a marginal monthly decline of about 0.1% at the end of April to 867.02 mln, according to data released by the Telecom Regulatory Authority of India. Bharat Sanchar Nigam's workers unions have opposed the decision of the Telecom Commission favouring 100% foreign direct investment in the telecom sector.

FREE DAILY STOCKS ALERT(19.06.2013)

* AXIS BANK: Board has passed a resolution approving the allotment of senior notes aggregating to $20 mln under the MTN programme through its Dubai International Financial Centre branch.

* COAL INDIA: Has reached the final round of discussion with NTPC LTD to resolve the dispute on entering fuel purchase agreements, and a solution is expected this month. A drop in demand from key consumers and bureaucratic red tape in despatching excess coal to other consumers will impact the company's sales growth in Apr-Jun quarter.

* ELECTROSTEEL STEELS: Bankers to the company are seeking corporate guarantee from its holding company as a pre-condition for restructuring its 70-bln-rupee loan, a move that has irked promoters.

* HINDUSTAN CONSTRUCTION COMPANY: Is seeking approval for an annual package of 100.8 mln rupees for its chief Ajit Gulabchand for the next three years, but shareholder activists and proxy advisory firms have asked company's shareholders to oppose the board's proposal.

* IDFC: Board has approved application to RBI for banking license. Fitch Ratings has revised the bank's outlook to stable from negative.

* IFCI: The finance ministry is open to appointing an 'outsider', including private sector professionals, to the board and as its chief executive officer, following Atul Kumar Rai's resignation last month.

* INFOSYS: Chairman Murthy is trying to coax back in to the company some officials now working with rival companies. Some officials that may be asked to join are Saji Farooq, who was a senior vice president and consulting head - system integration, and Balaji Yellavalli, who was the head of client services in the US for financial services and insurance. Speculation is rife the reign of S.D. Shibulal as chief executive officer and managing director of the company may draw to a close this year, much before his term ends in 2015.

* JET AIRWAYS: Will shortly submit reworked proposal to the Foreign Investment Promotion Board which will include the changes made in its share purchase
agreement with Etihad Airways reflecting that the effective control is in the Indian entity's hand.

* MCX: Has sought clarity on whether the commodity transaction tax would be applied to processed products such soy oil, sugar, guar gum, and rubber apart
from non-farm commodities like bullion and base metals.

* MAHANAGAR TELEPHONE NIGAM: As part of the revival plan, the government is likely to waive the one-time fee the company and Bharat Sanchar Nigam need to pay for retaining additional spectrum.

* NATIONAL FERTILIZERS: IDBI Capital Market Services, SBI Capital Markets, Kotak Investment Banking and Avendus Capital are in the fray to advise the government on the offer for sale of 7.64% of its stake the company, as per a notice on the Department of Divestment's website.

* ORIENTAL BANK OF COMMERCE: Plans to sell non-performing assets worth over 10 bln rupees by Jun 30, and has begun the process of issuing a tender for the same, said a senior official.

* RELIGARE ENTERPRISES: Promoters of the company have decided to bring down their combined stake in the non-banking financial services company to 49% from 71.75% in adherence with RBI's guidelines for new banking licences.

* STATE BANK OF INDIA : Profit from sale of investments will see a substantial jump after the rupee's plunge prompted the company to accelerate selling its government debt holdings.

* STERLITE INDUSTRIES: Vedanta Aluminium Ltd is mulling importing bauxite to resume operations at its Lanjigarh refinery.

* TATA GLOBAL BEVERAGES: Chairman of TATA GROUP Cyrus Mistry said he was looking forward to seeing women in key leadership positions at the company.

* YES BANK: Shagun Kapur Gogia, daughter of late Ashok Kapur, a co-founder of the bank on Tuesday submitted her nomination for the position of director on the board.

FREE SECTORS ALERT - 12.06.2013

* AUTOMOTIVE: US-based General Motors has stopped production of diesel variants of the Sail hatchback and sedan and of the Tavera multi-purpose vehicle for about a week due to issues with emission.

* AVIATION: The Competition Commission of India is examining a complaint against JET AIRWAYS (INDIA), SPICEJET, Air India , GoAir, and Indigo for alleged cartelisation aimed at levying a uniform fuel surcharge on air cargo.

* COAL: CBI has registered a corruption case against a former minister of state for coal, a director of a steel company and four Delhi-based private firms for alleged irregularities in allocation of a coal block in Jharkhand.

* ENERGY: Oil minister M. Veerappa Moily said India has secured deals for supply of around 14 mln tn per year of LNG and deals for supplies of 20 mtpa more of the fuel are in pipeline but added that high price is an issue.

* GOVERNMENT: May consider a bond issue to non-resident Indians to stem the fall of the rupee against the dollar.

* MEDIA: Telecom Regulatory Authority of India has asked subscribers of digital cable television to submit subscriber information details to respective cable operators by Jun 25 or face disconnection of services.

* MINING: Companies like Essar Power, HINDALCO INDUSTRIES, and RELIANCE POWER could be hit as Madhya Pradesh is set to introduce a new environmental benefit-sharing levy on captive coal mines in the state.

* PHARMACEUTICALS: The government has banned the sale of analgesic drug dextropropoxyphene that is used as a painkiller because its use is likely to
involve health risks.

* POLITICS: Bharatiya Janata Party veteran L.K. Advani has withdrawn his resignation from all party posts.

* REGULATORS: SEBI rejected five consent applications between Apr 5 and Jun 10 including that of ALMONDZ GLOBAL SECURITIES. The RBI has asked units located in Special Economic Zones to realize and repatriate to India within 12 months from date of export, the full value of goods, software or services exported.

    - RBI has prohibited non-banking financial companies from contributing capital as well as becoming partners in limited liability partnership firms.

    - Despite indicators, the RBI has said it is too early to say that the trend of deteriorating asset quality has reversed. SEBI is looking to bring in rules that will strengthen the functioning of clearing corporations. 

DAILY STOCKS ALERT - 05.06.2013

* ADANI PORTS AND SPECIAL ECONOMIC ZONE: The company's institutional placement programme got bids for 150.15 mln shares against issue size of 66.66 mln.

* AXIS BANK: International Finance Corp signed an agreement to support the bank's trade finance business by providing partial or full guarantees for payment risks faced by the bank's exporter clients.

* BANK OF BARODA : Announced a single rate of interest on its home loans for customers across tenures and amounts with effect from Jun 1.

* BHARTI AIRTEL: Has submitted its final technical bid for a licence in Myanmar .

* ESCORTS: Has signed a memorandum of understanding with STATE BANK OF INDIA to provide financial assistance through the company's agricultural service infrastructure venture called Escorts Crop Solutions.

* GLAXOSMITHKLINE PHARMACEUTICALS: Said that report stating the parent would increase stake in the company via an open offer is speculative.

* HMT: Plans to raise 4.43 bln rupees by issuing preference shares to the government.

* INFOSYS: V. Balakrishnan has been appointed chairman of newly acquired Lodestone Holding AG.

* JET AIRWAYS: Has issued clarification to the Competition Commission of India regarding stake sale deal with Etihad Airways.

* NEYVELI LIGNITE CORP: Cabinet has deferred decision on divestment of stake in the company.

* PARSVNATH DEVELOPERS: The Board of Approval on Special Economic Zone will consider the request of its arm Parsvnath Infra for de-notification of its special economic zone on Jun 12.

* PRAKASH STEELAGE: Plans to foray into trading, import, and export of steel and steel products through its arm.

* RELIANCE INDUSTRIES: Fitch Ratings has affirmed the company's long-term foreign currency issuer default rating at 'BBB-', and long-term local currency issuer default rating at 'BBB'. The Board of Approval on Special Economic Zone will consider the request of Reliance Haryana SEZ for de-notification of its SEZ on Jun 12.

* SADBHAV ENGINEERING: Sees 2013-14 standalone revenue at around 25 bln rupees, and is eyeing at least 32 build-operate-transfer projects as potential business.

* SUN PHARMACEUTICAL INDUSTRIES: Has received final approval from the US Food and Drug Administration for its abbreviated new drug application for the generic version of Depo-Testosterone injection.

* SUNDARAM CLAYTON: Has set a floor price of 297.5 rupees per share for its proposed 1.26-mln-share institutional placement programme on Friday.

* TATA CONSULTANCY SERVICES: The company may announce job cuts of up to 290 employees in Finland on Jun 18 after completing the final round of negotiations with the employees' representatives of its units there.

* TATA STEEL: Is cutting jobs and eyeing coking coal assets to boost profitability.

* TTK PRESTIGE: To issue 300,000 shares to Mauritius-domiciled Cartica Capital Ltd on preferential basis at 3,550 rupees each.

FREE STOCKS ALERT - 31.05.2013

 * ADVANCE LIFESTYLES: Offer for sale got bids for 285,228 shares against 129,807 shares offered, at an indicative price of 8.26 rupees per share.

* AUROBINDO PHARMA: Reported consolidated Jan-Mar net profit of 1.09 bln rupees as compared with 1.08 bln rupees and net sales of 15.53 bln rupees as against 11.70 bln rupees year ago.

* BERGER PAINTS: Reported Jan-Mar net profit at 509.0 mln rupees, up 4.3% YoY. Net sales were 7.34 bln rupees, up 8.1% YoY.

* BHARAT ELECTRONICS: Posted a 78.1% YoY rise in Jan-Mar net profit at 5.93 bln rupees. Net sales rose 22.2% YoY to 27.28 bln rupees.

* BHARTI AIRTEL: Is planning to sell minority stakes in its landline and enterprise businesses as part of an exercise to cut debt.

* DLF: Posted Jan-Mar consolidated net loss of 41.9 mln rupees as compared with 2.12 bln rupee profit year ago, and income from operations of 22.25 bln rupees as against 26.17 bln rupees.

* EDUCOMP SOLUTIONS: Reported Jan-Mar net loss of 1.48 bln rupees against profit of 615 mln rupees in Jan-Mar 2012. Revenues declined 35% YoY to 3.41 bln rupees.

* EROS INTERNATIONAL MEDIA: Reported Jan-Mar net profit at 95.8 mln rupees, and net sales at 1.53 bln rupees.

* ESSAR PORTS: Offer for sale gets bids for 20.3 mln shares against 22.6 mln shares offered, at an indicative price 80.89 rupees per share.

* ESSAR SHIPPING: Offer for sale got bids for 19.6 mln shares against 17.8 mln shares offered by promoter, at an indicative price 19.57 rupees per share.

* FINANCIAL TECHNOLOGIES: Reported consolidated net profit (excluding profit from sale of share) for 2012-13 (Apr-Mar) of 2.27 bln rupees, up 237%, and income from operations at 7.52 bln rupee, up 50%.

* FORTIS HEALTHCARE: Reported Jan-Mar net loss of 1.16 bln rupees against a net profit of 420 mln rupees. Consolidated revenue stood at 16.10 bln rupees, up 26% YoY.

* GAIL INDIA : Delhi High Court issued a notice to PNGRB on a petition by company challenging powers of the board to issue guidelines on gas transport tariffs as well as on agreements between sellers and transporters.

* GUJARAT FLUORO: Reported Jan-Mar net profit of 1.61 bln rupees, up 24.92% YoY. Net sales stood at 3.33 bln rupees versus 4.68 bln rupees.

* GUJARAT STATE PETRONET: Reported Jan-Mar net profit of 1.61 bln rupees, up 24.92% YoY, while net sales were 3.59 bln rupees, up 29.90%.

* HAVELLS INDIA: American private equity firm Warburg Pincus has sold its entire 8.35% stake in the electrical goods maker to European fund Vontobel for
7.15 bln rupees.

* INDIA CEMENTS: LIC, which holds 6.7% stake in the company, is watching the stock's movement and may take some action as the value of its investment has eroded significantly owing to involvement of the team sponsored by the firm in the Indian Premier League scandal.

* IVRCL: Reported Jan-Mar net profit of 60.6 mln rupees against 681 mln rupees net loss in Oct-Dec. Net sales grew 19.6% QoQ to 14.92 bln rupees.

* JET AIRWAYS: Offer for sale gets bids for 2.99 mln shares against 4.32 mln shares offered, at an indicative price 515.17 rupees per share.

* JM FINANCIAL: Reported net profit of 697.6 mln rupees in Jan-Mar and total income of 2.76 bln rupees.

* MAHANAGAR TELEPHONE NIGAM: Reported Jan-Mar net loss of 19.86 bln rupees against 13.74 bln rupees. Net sales grew 9.19% YoY to 9.18 bln rupees.

* MAHINDRA & MAHINDRA: Has scheduled annual maintenance shutdown at its Nashik plant from Jun 1 to Jun 9, and at its Igatpuri facility from Jun 4 to Jun 7.

* NOVARTIS INDIA: Offer for sale got bids for 3.3 mln shares against 454,205 shares offered, at an indicative price 495.80 rupees per share.

* OIL AND NATURAL GAS CORP: Moody's says results for 2012-13 (Apr-Mar) were in line with expectation, thanks to the government's efforts to ease the subsidy burden on upstream companies.

* PATEL ENGINEERING: Jan-Mar net profit stood at 145 mln rupees. Income from operations was 11.87 bln rupees.

* POWER FINANCE CORPORATION: Has decided to acquire a 'substantial' stake in a public sector bank in order to enter the banking sector.

* RAMA PHOSPHATES: RBI has withdrawn the restrictions placed on non-resident Indian and persons of Indian origin to purchase shares of under portfolio investment scheme.

* RAMCO INDUSTRIES: Reported Jan-Mar net profit at 126.1 mln rupees, down 49.5% YoY, while net sales stood at 1.82 bln rupees, down 2.6% YoY. Co also approved a rights issue to raise up to 1.25 bln rupees.

* RDB REALTY: Offer for sale gets bids for 729,184 shares against 720,000 offered, at an indicative price 16.56 rupees per share.

* RELIANCE POWER: Lenders have restructured debt of 145 bln rupees for the company's Sasan project, resulting in slightly higher interest rates for the company and an extension of the repayment schedule.

* ROLTA INDIA: Arm wins multi-million-dollar project from Oman government.

* SAINT-GOBAIN SERUKIT: Offer for sale gets bids for 30.6 mln shares against offer size of 9.81 mln shares at an indicative price of 12.23 rupees per share.

* SONATA SOFTWARE: Reported a consolidated net profit of 69.7 mln rupees in Jan-Mar, as against a loss of 136.5 mln rupees a year ago, due to higher net sales.

* SUZLON ENERGY: Posted Jan-Mar net loss of 19.12 bln rupees against 3.00 bln rupees. Reported net sales of 42.81 bln rupees, down 36.1% YoY.

* TATA CONSULTANCY SERVICES: Has hiked the pay of package of Chief Executive Officer N. Chandrasekaran, raising his monthly salary limit by 50% to 1.5 mln rupees.

* TATA TELE MAHARASHTRA : Offer for sale gets bids for 68,771 shares against 35 mln shares offered, at an indicative price 7.65 rupees per share.

* TATA MOTORS: Hitachi Construction Machinery hinted it would find a "mutually agreed" way with the company to increase its stake in their joint venture Tata Hitachi.

* THE INDIAN HOTELS CO: Reported a net loss of 3.39 bln rupees for Jan-Mar. Net sales declined 0.8% year-on-year to 5.56 bln rupees.

* TILAKNAGAR INDUSTIRES: Board has approved sale of its 90% stake in arm Shivprabha Sugars.

* UNITECH: Jan-Mar consolidated net profit grew over 13-fold YoY to 303.30 mln rupees. Net sales were up 18.42% YoY to 8.48 bln rupees.

* UNITED BREWERIES: Posted a 20% YoY decline in net profit for Jan-Mar at 58.5 mln rupees. Net sales rose 4% YoY at 9.32 bln rupees.

* UNITY INFRAPROJECTS: Has won three orders worth a total of 4.71 bln rupees.

* WELSPUN CORP: Board has decided to reorganise its business by hiving off its steel, infrastructure, and energy operations to another company called Welspun Infra Enterprises.

* ZEE ENTERTAINMENT: After Telecom Regulatory Authority of India's cap on the amount of advertising TV channels can carry to 12 minutes per hour, the four leading general entertainment channels, including Zee, have decided to increase advertising rates.

DAILY STOCKS ALERT: 29.05.2013

* ABAN OFFSHORE: Reported Jan-Mar consolidated net profit of 607 mln rupees, down 24.62% on year. Net sales, at 9.6 bln rupees, was up 19.49% on year. Plans to raise up to $400 mln through overseas equity-linked issue and up to 25 bln rupees via qualified institutional placement.

* BOMBAY DYEING & MANUFACTURING: Jan-Mar net profit was 1.58 bln rupees. Net sales were 8.45 bln rupees.

* CHENNAI PETROLEUM: Jan-Mar net loss was 3.92 bln rupees against 1.07 bln rupees net profit year ago. Net sales, at 124.52 bln rupees, were up 20.6% on year.

* ELECTROSTEEL STEELS: Has secured in-principle approval from lenders to restructure the company's loan of around 60 bln rupees.

* ENGINEERS INDIA : Jan-Mar net profit was at 1.81 bln rupees, down 5.06% on year. Net sales, at 5.13 bln rupees, were down 58.09% on year.

* ESSAR PORTS: Promoter plans to sell 22.67 mln shares of the company via offer for sale Thursday.

* ESSAR SHIPPING: Promoter plans to sell 17.8 mln shares of the company via offer for sale Thursday.

* FUTURE RETAIL: Has sought the Foreign Investment Promotion Board's approval to increase foreign institutional investor holding in the company to 49% from existing 24%.

* GAIL: Jan-Mar net profit was 6.18 bln rupees, up 28% on year. Net sales were 124.08 bln rupees, up 18.7% on year. Hopes to start production from Myanmar block by September end; plans to come out with 10-bln-rupee local bonds issue in July-Sep.

* GITANJALI GEMS: Jan-Mar consolidated profit after tax was 1.19 bln rupees, up 16% on year. Consolidated net sales was 47.5 bln rupees, up 35% on year.

* GODREJ INDUSTRIES: Jan-Mar net profit was at 936.7 mln rupees, up 119% year on year. Net sales was 14.06 bln rupees, up 0.9% on year.

* GUJARAT MINERAL: Jan-Mar consolidated net profit was 1.49 bln rupees, on net sales of 4.42 bln rupees.

* GREAT EASTERN SHIPPING: Has inked a pact to sell product tanker.

* HCL INFOSYSTEMS: Is not actively seeking sale of its hardware business, but indicated it could potentially list the recently-created subsidiaries on the stock exchange.

* HINDALCO INDUSTRIES: Reported net profit of 4.82 bln rupees for the quarter ended March, up 11% from Oct-Dec. Net sales stood at 69.94 bln rupees for the quarter, compared with 68.74 bln rupees in Oct-Dec.

* HINDUSTAN PETROLEUM CORP: Jan-Mar net profit was 76.79 bln rupees, up 65.8% on year. Net sales was 612.38 bln rupees, up 16.9% on year. Is looking to revive plans for Vishakapatnam refinery, petrochemicals project.

* INFOSYS: Will introduce a revised wage structure for all its employees in India on Saturday, with an aim to reduce the variable component in compensation.

* JAYPEE INFRATECH: Promoter to sell up to 160 mln shares of company via offer for sale; floor price set at 35 rupees per share.

* JET AIRWAYS: Promoter to sell 4.32 mln shares in company through offer for sale on Thursday. Is planning to order more aircraft as it prepares to fend off competition from Airasia.

* JINDAL STEEL & POWER: The coal ministry has asked the power ministry to probe "violation" of captive coal block allocation norms by the company by selling surplus power generated by leftover coal from its mine in Chhattisgarh to others.

* JYOTI LABORATRIES: Plans to improve operational efficiency, reduce power and fuel costs by 15-20% in coils manufacturing and utilise higher capacity for product manufacturing.

* KSK ENERGY: Jan-Mar net profit was at 26.87 mln rupees. Net sales at 91.95 mln rupees.

* MICRO TECHNOLOGIES: Is planning to raise 3 bln rupees from the sale of two subsidiaries and plans to use to proceeds to pare overall debt.

* MONNET INDUSTRIES: Promoter to sell 100 shares by Jun 3 to meet holding norm.

* MONNET PROJECTS: Offer for sale floor price set at 32 rupees per share.

* NATIONAL FERTILIZERS: An inter-ministerial group, comprising senior officials disinvestment and fertiliser departments, has approved 7.64% divestment in the company.

* NHPC: Jan-Mar net profit was 5.83 bln rupees, down 27.3% on year. Net sales, at 10.38 bln rupees, was down 25.1% year on year. The government has initiated the process of divesting 11.36% stake in the company and will soon appoint merchant bankers for the same.

* NOVARTIS INDIA: Swiss promoter Novartis AG plans to sell 454,205 shares of the company through an offer for sale on Thursday.

* OIL AND NATURAL GAS CORP: Is setting up an integrated gas processing plant in Maharashtra at an investment of nearly 100 bln rupees. Arm ONGC Videsh is planning to raise $3 bln rupees in debt to part fund the acquisition of US energy giant ConocoPhillips' stake in Kazakhstan oilfield.

* POWER GRID CORPORATION: Jan-Mar net profit was 11.09 bln rupees, up 7.5% on year. Total income was at 33.81 bln rupees, up 7.1% on year.

* PARSVNATH DEVELOPERS: Reported Jan-Mar consolidated net profit of 140 mln rupees against a net loss of 230 mln rupees year ago. Revenue, at 1.82 bln rupees, was down 16.9% year on year.

* RADICO KHAITAN: Jan-Mar net profit was 157.2 mln rupees against 44.65 mln rupees year ago. Net sales was at 3.21 bln rupees compared with 2.73 bln
rupees.

* RANBAXY LABORATORIES: The Indian Medical Association that represents medical practitioners, has asked the Drug Controller General of India to investigate the quality of drugs manufactured and sold by the company in India .

* RELIANCE INDUSTRIES: Promoter PAVANA ENTERPRISES sold 0.63% stake in company to co-promoter FARM ENTERPRISES via inter-se transfer of 20.4 mln shares for 828 rupees per share.

* RURAL ELECTRIFICATION CORP: Posted Jan-Mar net profit of 9.60 bln rupees, up 26.15% on year. Total income was at 36.25 bln rupees, up 27.36%.

* SATYAM COMPUTER SERVICES: Along with Dion Global Solutions will offer software solutions to assist financial institutions in Australia and New Zealand to meet US Foreign Tax Compliance Act Regulations. Is planning to hire 2,000 freshers in 2013-14.

* SHIPPING CORPORATION OF INDIA : Jan-Mar net loss was 2.81 bln rupees; net sales 9.61 bln rupees.

* STATE BANK OF INDIA : Said it has already recovered 6-8-bln-rupee loans advanced to KINGFISHER AIRLINES.

* SUN PHARMACEUTICAL INDUSTRIES: Jan-Mar consolidated net profit was 10.11 bln rupees, up 23.3% year on year. Net sales were at 30.71 bln rupees, up 31.8%.

* SUN TV NETWORK: Promoter Kalanithi Maran has set a floor price of 403 rupees per share for the proposed offer for sale of 7.88 mln shares.

* TATA TELESRVICES MAHARASHTRA : Promoter to sell 35 mln shares of company through offer for sale on Thursday.

* TATA COMMUNICATIONS: Jan-Mar consol net loss was 52 mln rupees against 2.61 bln rupee loss. Income from operations was 44 bln rupees, up 11.1% on year. Is planning to raise around 8-10 bln rupees from the sale of at least three non-core assets.

* TATA POWER: Is planning to add another 1,600 MW capacity to its Mundra power station in Gujarat .

* TATA STEEL: Moody's has said the company's results for Jan-Mar were marginally better than expected but kept the company's ratings unchanged.

* THOMAS COOK INDIA : Has refuted reports of selling Mumbai headquarter as part of asset monetisation plan.

* UNITED SPIRITS: Will consider selling its Scottish grain whiskey distillery Invergordon.

* USHA MARTIN: Has planned a shutdown of a mini blast furnace for refractory relining at its steel plant at Jamshedpur in the first week of June.

FREE STOCKS ALERT - 15.05.2013

* 8K MILES SOFTWARE SERVICES: Has acquired FuGen Solutions for $7.5 mln, to expand and build on its cloud computing and big data security services and solutions.

* CIPLA: The Association of Biotechnology Led Enterprises raised concerns that the company may not have followed prescribed norms while launching its rheumatism drug Etanercept.

* DLF: Got bids for 148.10 mln shares in its institutional placement programme of 81 mln shares in the price band of 222-233 rupees per share.

* ELDER PHARMACEUTICALS: Has dropped the plan to merge group company ELDER HEALTH CARE with itself.

* FUTURE RETAIL: The Competition Commission of India has cleared the 22.5% stake sale by the company in its life insurance joint venture.

* GAIL ( INDIA ): May challenge the regulatory order to sharply cut its pipeline tariff for its KG Basin gas pipeline network. The cut is expected to erode its revenue by 1.4-1.5 bln rupees on an annualised basis.

* HERO MOTOCORP: Has tied up with Indy Motos Group of Guatemala to sell two-wheelers in Guatemala , Honduras , and El Salvador .

* HINDALCO INDUSTRIES: Subsidiary Novelis reported a net income of $80 mln in Jan-Mar, up $55 mln from the same period last year. Net sales declined slightly to $2.5 bln.

* ICICI BANK: The Reserve Bank of India has sent show-cause notices to the bank, HDFC BANK, and AXIS BANK, the three lenders named in the first three Cobrapost sting cases.

* ITC: Is considering forays into various new segments, including oral care.

* JET AIRWAYS: SEBI has relaxed the requirement of 12-week cool-off period after the proposed inter se transfer of shares for the company's offer for sale.

- Proxy advisory firm Stakeholders Empowerment Services has said the company's proposed amendments to the Articles of Association in order to facilitate the deal with Etihad has lot of corporate governance issues.

* KINGFISHER AIRLINES: The Airports Authority of India has filed a civil law suit against the company in Mumbai to recover dues of 1.83 bln rupees.

* LINDE INDIA: Promoter BOC Group plans to sell 12.34 mln shares of the company through an offer for sale on Thursday.

* MAHINDRA & MAHINDRA: Has begun offering a variety of discounts and schemes leading to savings of 50,000 rupees on the sticker price of its XUV500, and Quanto models in order to woo buyers.

* OIL AND NATURAL GAS CORP: The power project of its joint venture ONGC Tripura Power Corp is estimated to get 1.6 mln carbon credits each year.

* PFIZER: Jan-Mar net profit increased 21% on year to 581.60 mln rupees, net sales remained flat at 2.52 bln rupees.

* RANBAXY LABORATORIES: Analysts said the company faces a notional loss of $1 bln, double of what it paid as penalty for wrongdoings in the US .

* STATE BANK OF INDIA : Chairman Pratip Chaudhuri said the bank would not give up claims on bad debts and non-performing asset write-offs in the textile sector.

* TALWALKARS BETTER VALUE FITNESS: Has entered into a master franchise agreement for opening 30 small format gyms.

* TAMIL NADU NEWSPRINT AND PAPERS: Plans to set up a 200,000 tn per year multi-layer, double-coated board plant at an investment of 12 bln rupees.

* TATA MOTORS: Has converted 306 foreign currency convertible bonds worth $30.6 mln into 1.79 mln American depositary receipts and 2.85 mln shares of the company.

* TATA STEEL: Moody's had said the company's $1.6 bln write-down in European assets will not have any immediate rating impact. Fitch has said the write-down reflects weak prospects in the region.

* TATA TELESERVICES ( MAHARASHTRA ): Its number of subscribers fell by 30,000 to 10.50 mln in April.

* UNITED BANK OF INDIA : Is planning to raise 10 bln rupees through institutional placement of shares by September.

FREE DAILY STOCKS ALERT - 14.05.2013

* AMTEK AUTO: Jan-Mar net profit quadrupled on year to 2.45 bln rupees while net sales declined 6% to 5.5 bln rupees.

* ASHOK LEYLAND: Has hired consulting firms McKinsey and Co and Boston Consulting Group to help improve its performance.

* BHARTI AIRTEL: Has got the approval of Uganda Communications Commission for the proposed buyout of Warid Telecom Uganda from the Warid Group.  The company and Loop Mobile have moved the Delhi High Court seeking extension of their metro area licences that are due for renewal in 2014.

* CAIRN INDIA: Plans to drill 48 wells at a cost of about $100 mln on the Mangala oilfield in the Rajasthan block to extend the current production plateau.

* COAL INDIA: The company's capital expenditure for the current financial year to March is likely to be 40-45% higher than the previous year.

* DENSO INDIA: Japan 's Denso Corp has fixed a floor price of 59.70 rupees for delisting its Indian arm, Denso India , from the stock exchanges.

* EICHER MOTORS: Reported a 114.43% on year increase in its Jan-Mar net profit to 972 mln rupees helped by strong sales of its marquee brand, Royal Enfield motorcycles.

* GAIL ( INDIA ): Is understood to have quoted $21 per mmBtu for supplying regasified liquefied natural gas to fertiliser units, much above the $8.5 per mmBtu prescribed by the C. Rangarajan Committee.

* INDIA INFOLINE: SEBI has warned the brokerage after it detected violation of certain norms and irregularities in surveillance and statutory requirements for brokers.

* INDIAN OIL CORP:  Following the company's plea, Supreme Court has stayed proceedings in five high courts on the petitions against government's decision to introduce dual pricing of diesel.

* JAGATJIT INDUSTRIES: Promoter Karamjit S. Jaiswal will sell 1.73 mln shares of the company via an offer for sale on Wednesday.

* JET AIRWAYS ( INDIA ): Has started charging for advance reservation of seats in economy class on all international routes operated by Boeing 737 aircraft from early May.

* KNR CONSTRUCTIONS: Arm KNR Walayar Tollways has achieved financial closure of its project for four-laning of a 53.89-km stretch on NH-47 in Kerala.

* NETWORK18 MEDIA & INVESTMENTS: Reported net profit for the second straight quarter in Jan-Mar helped by a sharp fall in expenses.

* NMDC: Produced 27 mln tn of iron ore during 2012-13, reflecting a marginal dip in total ore production by the company.

* OIL AND NATURAL GAS CORP: The company and energy major Shell are exploring the possibility of a strategic tie-up to jointly bid for global oil and gas assets. The company and OIL INDIA have asked the government to cut the discounts they must give refiners on crude purchases as oil prices have softened.

* OIL INDIA: Department of Forest of Andhra Pradesh has given the company the go-ahead for exploration in KG-ONN-2004/1 block near Krishna-Godavari basin.

* PETRONET LNG: Has floated a global tender inviting bids from engineering, procurement, and construction contractors for its proposed liquefied natural gas terminal at Gangavaram in Andhra Pradesh.

* POLY MEDICURE: Board has approved 1-for-1 bonus issue of shares.

* RANBAXY LABORATORIES: Has agreed to pay $500 mln to settle fraud allegations made in a whistleblower's lawsuit and federal criminal charges that the company sold adulterated drugs and lied about it to US regulators.

* RASHTRIYA CHEMICALS AND FERTILISERS: Jan-Mar net profit increased 3.5% on year to 1.17 bln rupees while net sales declined 12.5% to 21.7 bln rupees.

* RELIANCE INDUSTRIES: Has withdrawn money from bank deposits and expanded investment in mutual funds by 13 times to 134.58 bln rupees in 2012-13 (Apr-Mar) as against 11.01 bln rupees in the previous year.

* S MOBILITY: Board has approved sale of mobile handset business of the company to arm Spice Retail via slump sale at book value.

* SHRIRAM EPC: Its water management division has bagged an order worth 1.26 bln rupees from the Chennai Metropolitan Water Supply and Sewerage Board.

* SPICEJET: Is likely to soon place an order for 30 to 40 new Boeing 737 MAX aircraft, as well as firm up operations for 15 Bombardier Q400 planes.

* SYNDICATE BANK: Is planning to raise up to $500 mln via medium term notes in 2013-14 (Apr-Mar).

* TANFAC INDUSTRIES: The Aditya Birla group has put its 25% stake in the fluorine chemicals company on the block after the latter's operations faced heavy losses.

* TATA STEEL: Worsening macroeconomic environment in Europe and shrinking demand in the continent have forced the company to take a hit of $1.6 bln on its consolidated books on impairment of goodwill and assets.

* TATA TELESERVICES MAHARASHTRA : Jan-Mar net loss narrowed to 1.15 bln rupees, from 1.23 bln rupees a year ago.

* TV18 BROADCAST: Has posted a consolidated net profit of 173.04 mln rupees in Jan-Mar against a loss of 334.06 mln rupees in the year-ago period.

* UNITED SPIRITS: The company and UNITED BREWERIES have been handed show cause-cum-demand notices for allegedly evading service tax of 910 mln rupees.

FREE STOCKS ALERT - 09.05.2013

* ABB: Jan-Mar net profit fell 10.7% on year to 425.6 mln rupees and net sales rose 10.2% on year to 19.5 bln rupees.

* ALOK INDUSTRIES: Plans to increase focus on polyester in 2013-14, and is targeting 41% of the company's revenue from manmade fibre, versus 38% in 2012-13.

* ASIAN GRANITO INDIA: Has clarified that the terms of settlement in the trademark case are in favour of ASIAN PAINTS.

* DEN NETWORKS: Has raised 2.71 bln rupees through qualified institutional placement at 217.5 rupees a share.

* GMR INFRASTRUCTURE: Is in talks with investors to divest stake in four toll road assets and raise about 18 bln rupees to cut debt.

* GTL: Has reported Jan-Mar net loss of 1.46 bln rupees against a loss of 2.43 bln rupees a year ago and net sales of 6.54 bln rupees, up 16.3% on year.

* IDFC: Is planning to raise 3.50 bln rupees through issuance of 5-year bonds, carrying a coupon of 8.35%.

* INDRAPRASTHA GAS: The SC has adjourned till Thursday the final hearing on Petroleum and Natural Gas Regulatory Board's plea challenging the Delhi High Court's ruling that the board could not regulate the components of price at which the company and other such companies could sell gas.

* JAI CORP: Has reported Jan-Mar net profit of 183 mln rupees, up 80.3% on year and net sales of 1.62 bln rupees down 10.8% on year.

* JSW STEEL: Has received approval from Bombay High Court for merger of the company with JSW ISPAT STEEL, JSW Building Systems and JSW Steel Coated Products.

* MAHINDRA & MAHINDRA: Two-wheeler division of the company has launched a base variant of its Pantero motorcycle at 39,650 rupees, ex-showroom Delhi .

* RELIANCE INDUSTRIES: Has asked Delhi High court to stop Bharti Retail from claiming that products are cheaper at the latter's Easy day stores as against Reliance Fresh outlets.

* SHIPPING CORP OF INDIA : Has indicated it will not buy any more vessels due to a strain on its balance sheet.

* SHREE RAM URBAN INFRASTRUCTURE: Board has approved issue of non-convertible debentures up to 20.00 bln rupees.

* SKS MICROFINANCE: Has posted a net profit 27 mln rupees for Jan-Mar as against a loss of 3.3 bln rupees a year ago. The company's income from operations was 830.48 mln rupees, up 57.3% on year.

* SUASHISH DIAMONDS: Promoter is planning to delist the company and has offered 230 rupees a share.

* SUNDARAM FINANCE: Is planning to raise 500 mln rupees through a 3-year bonds, carrying a coupon 9.00%.

* VICEROY HOTELS: Is planning to sell its properties in Chennai to Ceebros Hotels for 4.8 bln rupees.

* WESTLIFE DEVELOPMENT: Board has approved 5-for-1 stock split.

DAILY STOCKS ALERT - 08.05.2013

* BHUSHAN STEEL: The SC has issued a notice to the Centre on the company's plea seeking transfer of pending cases against the government's decision to de- allocate Patrapara coal block in Odisha from high courts to the apex court.

* BILCARE: The company's proposal for corporate debt recast may face complication as one of its lenders has publicly issued the company a showcause notice on why the company should not be declared a wilful defaulter.

* DEWAN HOUSING FINANCE CORP: Has reported a Jan-Mar net profit of 1.97 bln rupees, up 109.7% on year and revenue from operations of 17.27 bln, up 139.74% on year.

* DLF: The promoters of DLF will issue over 81 mln fresh shares to qualified institutional buyers through institutional placement programmed to meet the 25% minimum public shareholding norm before June 30.

* DQ ENTERTAINMENT (INTERNATIONAL): Promoters sold 910 shares of the company on Monday in the open market.

* EMAMI: Expects lower raw material costs this season due to subdued mentha prices.

* GLENMARK PHARMACEUTICALS: Jan-Mar net profit increased 11% on year to 1.67 bln rupees. Net sales increased 25% to 13.35 bln rupees.

* GUJARAT ORGANICS: SEBI has exempted HD Trust from making an open offer for the company's shares following receiving a 71.15% stake as a gift from existing promoters.

* HINDUSTAN UNILEVER: Parent Unilever's open offer for 22.5% stake in the company to begin Jun 21 and end on Jul 4.

* IDEA CELLULAR: Is negotiating with its outsourcing partners to lower costs of operations and improve profitability.

* IL& FS TRANSPORTATION NETWORKS: Jan-Mar net profit declined 60% to 345.40 mln rupees. Revenues remained flat at 10.32 bln rupees.

* INDRAPRASTHA GAS: SC would today resume the final hearing on Petroleum and Natural Gas Regulatory Board's plea challenging the Delhi High Court's ruling that the board could not regulate the components of price at which the company and other such companies could sell gas.

* INFOSYS: Is collaborating with Germany-based SAP AG to develop mobile applications for the retail industry.

* JUBILANT LIFE SCIENCES: Reported consolidated net loss of 309.7 mln rupees in Jan-Mar, compared with loss of 635.30 mln rupees a year ago. Consolidated net sales increased 18.5% to 13.88 bln rupees.

-  Has set up committee to mull raising funds of up to $250 mln.

* LARSEN & TOUBRO: An empowered government committee has given the final approval for viability gap funding of 14.58 bln rupees for the proposed Hyderabad Metro Rail project, which is being developed by the company's subsidiary.

* MSP STEEL AND POWER: Promoters MSP Metallics, Jagran Vyapar and Raj Securities have sold 9.16% stake in the company to co-promoter MSP Sponge Iron.

* MMTC: Plans to utilize the entire 100 tn gold and 600 tn silver refining capacity in the next two years.

* NMDC: The state-owned company is examining two proposals for acquiring coal mines in South Africa 's Kopano.

* NTPC: The Company’s plan to spend around 96 bln rupees to revive its old power plants might help revive the ailing power equipment sector as well.

* PVR: Is exploring opportunities to take its luxury format Director's Cut to Asian markets such as Thailand , Singapore and Hong Kong .

* RELIANCE INDUSTRIES: The government has asked for certain clarifications on the revised investment plan the company had submitted for the main gas producing fields in the eastern offshore KG D6 block.

* SHIPPING CORP OF INDIA : The parliamentary standing committee on transport has raised serious concerns about the co's future saying the company is likely to share the fate of Air India , unless it cuts costs and is run in a professional manner.

* SHOPPERS STOP: Crossword bookstore plans to expand its non-book product portfolio such as electronic gadgets, toys, and stationary as demand for music and movies takes a hit.

* SHRIRAM TRANSPORT FINANCE: Board has approved raising up to 20 bln rupees by way of a public issue of secured, redeemable non-convertible debentures.

* STATE BANK OF INDIA : Has entered into pact with Finolex group company Finolex Plasson Industries for disbursement of loans to farmers. The bank's California subsidiary has been forced to clean up its books and tighten procedures after US regulators took exception to certain banking practices.

* SURANA VENTURES: Will divest entire stake in arm Surana Solar Systems.

* SURAT TEXTILE MILLS: Has set offer for sale floor price at 1.35 rupee a share.

* TAMIL NADU NEWSPRINT & PAPER: Will set up a 12 bln rupee packaging board manufacturing unit in Tiruchi district.

* UCO BANK: Has reported an 80.4% on-year decline in net profit to 495.5 mln rupees for Jan-Mar. Interest earned by the bank increased 6.2% on year to 42.1 bln rupees.

* WIPRO: Has entered into a strategic partnership with Opera Solutions and has picked up a minority stake in the US-based company for $30 mln.

FREE DAILY STOCKS ALERT - 03.05.2013

* ADANI PORTS AND SPECIAL ECONOMIC ZONE: Gets security clearance from the Union home ministry to bid for port projects in the country, nearly three years after it was first denied permission to do so.

* ALSTOM INDIA: Has posted a marginal rise in net profit for Jan-Mar at 1.31 bln rupees. Has got order worth around 100 mln euros from BHARAT HEAVY ELECTRICALS for supply of components and services.

* ANDREW YULE: Cabinet Committee on Economic Affairs approves financial restructuring plan for company; allows 415-mln-rupee loan conversion into
equity.

* CHAMBAL FERTILISERS & CHEMICALS: Plans to raise urea capacity by over two times to 4.33 mln tn per annum by setting up two urea manufacturing plants of 1.3 mln tn capacity each in the next few years.

* CROMPTON GREAVES: Has entered into pact with Indonesian government-run PLNE to manufacture high voltage and extra high voltage switchgear in Indonesia

* DCM SHRIRAM CONSOLIDATED: Has posted Jan-Mar net profit of 823.3 mln rupees and net sales 14.2 bln rupees.

* DECCAN CHRONICLE HOLDINGS: Private lenders--ICICI BANK, AXIS BANK, IDFC, and Religare Finvest--plan to form a consortium to collectively initiate legal action against the company over defaults and delays in repayments.

* DLF: Raises 7.50 bln rupees through bonds issue.

* EMKAY GLOBAL FINANCIAL SERVICES: Plans to appeal before the Securities and Appellate Tribunal against an NSE panel order that rejected cancellation of erroneous trades by the brokerage's dealer; requests NSE not to release 510-mln-rupee payout for 15 days.

* FUTURA POLYESTERS: Signs memorandum of understanding to sell land, machines at Chennai unit.

* GLAXOSMITHKLINE CONSUMER HEALTHCARE: Plans to step up its capex to 2.5 bln rupees this year.

* GUJARAT PIPAVAV: Has posted Jan-Mar net profit of 353.7 mln rupees, and net sales of 1.14 bln rupees.

* HINDUSTAN MOTORS: Total vehicle sales increased two-fold from a year ago to 534 units in April.

* INFOSYS: Rajiv Raghunanadan, head of sales, and Ravi Panchanadan, head of manufacturing vertical at the company's business process outsourcing arm have
resigned.

* KINGFISHER AIRLINES: Lenders increase pressure on airline's promoters by initiating a move to invoke the corporate guarantee provided by UNITED BREWERIES and personal guarantee of Vijay Mallya; also raise spectre of labelling the promoters as "wilful defaulters" if they refuse to pay.

* LARSEN & TOUBRO: Working on raising return on equity by 2017; will do so by reining in debt, boosting revenue and cutting stakes in some units.

* MICRO TECHNOLOGIES: Has bagged a contract to supply, install and commission security surveillance system at a college under the Delhi University

* RELIANCE COMMUNICATONS: Close to finalising a tower sharing deal with RELIANCE INDUSTRIES

* RELIANCE INDUSTRIES: The Securities and Exchange Board of India imposes a 110-mln-rupee fine on group company Reliance Petroinvestments for violation of insider trading norms.

* RUPA & CO: Eyes revenue growth of 15-20% in 2013-14 (Apr-Mar).

* TATA COMMUNICATIONS: Has inked a pact with iStreamPlanet Co for video contribution and distribution.

* TATA MOTORS: Neeraj Garg, vice president of the commercial, passenger car business unit of the company, resigns.Wins Jaguar trademark battle against Swiss watchmaker.  Managing Director Karl Slym has poached five senior executives from his previous organization General Motors. Chandigarh State Consumer Disputes Redressal Commission orders six-month jail term and penalty of 10,000 rupees on Managing Director Karl Slym.

* TUBE INVESTMENTS: Has posted a Jan-Mar consolidated net profit of 599 mln rupees, and net sales of 20.1 bln rupees.

* TVS MOTOR CO: Plans capital expenditure of 1.75 bln rupees for 2013-14 (Apr-Mar).