FREE DAILY SECTORS ALERT - 24.10.2013

* AUTO: A final date for imposing penalty on General Motors India for its Tavera multi-utility vehicle cannot be given, road minister Oscar Fernandes said.

* AVIATION: Tata Group's proposed venture with Singapore Airlines may be approved by the Foreign Investment Promotion Board today.

* BANKS: Finance ministry has budgeted capital infusion of 140 bln rupees in 20 state-owned banks for the current financial year ending March. Difficulties faced by smaller Indian banks to achieve Basel III targets could lead to consolidation in the banking sector, Standard & Poor's said. RBI received $10.1 bln from banks till date from its foreign exchange swap window. RBI has directed private banks to abide by the Banking Law Amendments Act, 2012, notwithstanding any other clause. International Finance Corp plans $400 mln equity investment in India in the current financial year.

* CHEMICALS: Central Board of Excise and Customs has imposed anti-dumping duty on imports of the chemical dichloromethane exported by European Union , US or South Korea for six months.

* COAL: An inter-ministerial group took up 17 blocks belonging to various private and public sector companies including NTPC. 

* ENERGY: The Petroleum ministry has allowed companies to start producing oil and gas from discoveries even before field investment plans are approved.

* GOLD: Thailand has agreed to keep gold jewellery outside the ambit of concessional duty arrangement with India .

* INFORMATION TECHNOLOGY: A proposed bill that would stem the flow of Indian and other software engineers to the US has resurfaced at the top of the US resolution agenda.

* MINING: Supreme Court will examine the issue of minimum distance of mines from sanctuaries in Goa and pass an order specifically for the state.

* POWER: Luminous Power Technology will commission an inverter battery manufacturing unit in Hosur next month.

* RETAIL: Kimberly-Clark Corp is keen on expanding its presence in the estimated 12-bln-rupee Indian baby care market.

FREE SECTORS ALERT - 18.10.2013

* AVIATION: The specification in the non-compete clause of their MoU to form a joint venture by Tata Sons and Singapore Airlines, allows for Tata Sons to operate low cost airline in partnership with AirAsia. 

-The aviation ministry has objected to certain clauses in a draft concession agreement prepared by the Planning Commission to privatise six state-run airports. 
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* BANKS: The Hongkong and Shanghai Banking Corp has discontinued retail broking and retail depository services business in India with immediate effect. Bank Internasional Indonesia, a subsidiary of the Maybank Group, will open its first branch in India on Monday.

* CAPITAL GOODS: The Cabinet has cleared a proposal to sign a MoU with China that allows Chinese power equipment manufacturers to set up service centres in India . 

* COAL: The CBI, which is carrying out probe into the Coalgate scam, may book some more private companies soon which were allegedly awarded blocks in violation of norms. 

* COURTS: The Supreme Court has ordered the Central Bureau of Investigation to probe eight criminalities, other than those related to spectrum allocation, found in the Niira Radia tapes containing telephonic conversations of the corporate lobbyist. The court observed that the conversations suggest "connivance" between the government and private persons. 

- The Bombay High Court has directed Writer Packers and Movers not to use the name 'Writer' and remove it from their website till final orders after PN Writer & Co accused the company of violating intellectual property right. 

* ENERGY: Renowned entrepreneur C Sivasankaran's WinWinD, a wind turbine maker based in Finland , has filed for bankruptcy. 

* EXCHANGES: The settlement guarantee fund of the National Spot Exchange was frequently misused to fulfil the payment obligations of defaulting members, a report by Grant Thornton said. 

* REGULATORY: A study commissioned by Securities and Exchange Board of India has proposed lowering or elimination of securities transaction tax on protective-put and hedged-call positions in order to boost the options market. SEBI is set to tweak a number of existing regulations to bring those in line with the new Foreign Portfolio Investors regime, into India .

* REAL ESTATE: Hirco has defaulted on payments to lenders for its two large 10-bln-rupee-plus townships in Panvel and Chennai. If Hirco defaults, HDFC with 5-bln-rupee exposure will auction the Chennai property. Coastal Projects may restructure loans worth 37 bln rupees. 

* RETAIL: After months of investigating allegations that Walmart violated foreign exchange norms, the Enforcement Directorate has decided to close the case against the US retail giant. Private equity firm New Silk Route has acquired a majority stake in Moshe's Fine Foods. 

* TAX: Entry taxes, or taxes levied on goods while entering a state, are set to be subsumed under the Goods and Services Tax. 

* TELECOM: The defence ministry has agreed to swap 3G spectrum it holds with the telecom department for frequencies in another band. Questioning income tax department's move to claim tax over shares issued by Pune unit of Vodafone to its parent company, the British telecom major has moved Bombay High Court to seek relief from the tax demand. The state government's draft policy for installation of cell towers atop buildings has totally ignored the guidelines issued by Department of Telecommunications, said activists. 

FREE DAILY SECTORS ALERT - 10.10.2013

 * AVIATION: Etihad Airways has signed a Letter of Intent with Air-India to buy five Boeing 777-200 LR aircraft.

* BROADCAST: Peepul Capital Advisors Managing Director Srini Raju has said sluggish market conditions and economic stress have delayed its exit from Associated Broadcasting Co, which runs television channels under brandname TV9.

* ECONOMY: India is seeing a turnaround both in terms of growth in manufacturing and domestic demand, and buoyancy in exports, Trade Minister Anand Sharma said.

- The International Monetary Fund has cautioned that emerging economies such as India will need to employ "policy buffers wisely" if they confront significant capital outflows on US Fed Reserve's tapering of monetary stimulus.

* E-COMMERCE: Flipkart.com has mopped up a further $160 mln from mostly new investors, taking the total in the fifth round to $360 mln.

* ENERGY: The oil ministry will seek Cabinet approval for a general amnesty scheme for oil and gasfield operators, which will allow RELIANCE INDUSTRIES to retain fields worth $10 bln, which regulatory authorities want it to surrender.

* EXCHANGES: Economic Offences Wing of Mumbai Police arrested Amit Mukherjee, former assistant vice president-business development of National Spot Exchange, in relation to 58-bln-rupee scam. Joseph Massey and Jignesh Shah have resigned from the board of MCX-SX with immediate effect.

* IMPORT: Gold and silver imports plunged by over 80% to $0.8 bln in September on account of a slew of measures taken by the government to curb inbound shipments.

* LISTING: Technology entrepreneur Romesh Wadhwaniplans to take three of his portfolio companies public. Symphony Telecacould be the first to go public in the next 18-24 months, followed by two other firms of Symphony Technology Group.

* POWER: Andhra Pradesh government is likely to impose the Essential Services Maintenance Act for restoration of power supply in the state.

- The government plans to invite global bids for an interstate transmission projects worth over 200 bln rupees in the next two months to connect power generation projects in states, especially in Chhattisgarh, Haryana, Rajasthan and Tamil Nadu.

* REGULATORS: SEBI has decided to review the existing mechanism for trade annulment and put in place a clearly defined system for trade cancellations and subsequent penalties.

* RETAIL: Reckitt Benckiser ( India ), which sells products under Dettol and Strepsils brands, is awaiting regulatory approvals to launch a slew of products from its global portfolio in India .

* TELECOM: The National Security Council Secretariat wants to make it mandatory for Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd to invest in research and development to reduce dependence on imports.

- The government is looking to increase customs duty on telecom network equipment required for broadband services. SingTel group has initiated talks to buy the stake held by the Bharti group in its international long-distance telephony venture. 

FREE DAILY STOCKS ALERT - 10.09.2013

 * ANKUR DRUGS AND PHARMA: Trading in company's shares will be suspended from Wednesday.

* BRIGADE ENTERPRISES: Brigade Group has launched its 7-acre housing project in Mysore , which includes 304 apartments ranging from 790 sq ft to 3,360 sq ft.

* BOMBAY BURMAH TRADING: Is considering developing a few coffee estates as holiday destinations.

* CORPORATION BANK: To open 20 new branches in Bihar and Jharkhand.

* DHUNSERI PETROCHEM AND TEA: Has put the construction of its 750,000 Sq ft Special Economic Zone on hold, for want of takers.

* ESSAR PORTS: Has sought shareholders approval to raise up to $1 bln, or 65 bln rupees, through securities for ongoing expansion of various projects.

* FINANCIAL TECHNOLOGIES: Company's subsidiary National Bulk Handling has clarified that banks have conducted audits at its warehouse to authenticate the stock it holds on behalf of the banks.

* GITANJALI GEMS: Company plans to increase focus on Gulf region, it currently gets 40% of revues from overseas markets.

* GMR INFRASTRUCTURE: The Comptroller and Auditor General has sought reversal of over 1 bln rupees "inadmissible expenditure" by GMR Hyderabad
International Airport .

* HCL INFOSYSTEMS: Is now eying European countries and has claimed that it is selling as many tablets internationally as it is in India .

* HINDALCO INDUSTRIES: Company's annual report says metals business will face challenges in near term as aluminium prices continue to remain weak in the international market.

* INFOSYS: In a bid to improve margins, the company will increasingly focus on winning large outsourcing projects and reducing unnecessary costs by lowering onsite-offshore ratio. Has undertaken a restructuring exercise that will see Chandrashekhar Kakal, a member of its executive council, and V. Balakrishnan, board member and former chief financial officer, handling additional portfolios. .

* JAIPRAKASH POWER VENTURES: In advanced talks with Abu Dhabi Water & Electricity Authority to sell 300 MW Baspa II and 1000 MW Kartcham Wangto projects on Sutlej river.

* JINDAL STEEL AND POWER: The company's share buyback will begin on Sep 16 and end on Mar 15.

* JYOTI STRUCTURES: Board has approved issue fully redeemable non-convertible debentures aggregating to 400 mln rupees.

* MARUTI SUZUKI INDIA : Produced 91,261 vehicles in August, up 63% from the same period last year when its Manesar plant was under lockdown for 20 days.

* NHPC: Has slashed its capital expenditure plan for the current five-year plan by 31%, as clearances and law-and-order-related issues have affected its projects' progress.

* NEYVELI LIGNITE: The company's total outstanding dues from state beneficiaries as on Aug 31 was 27.72 bln rupees. Has claimed 1.5 bln rupees from BHARAT HEAVY ELECTRICALS in liquidated damages for the technical problems in the expansion of company's thermal power station-II.

* NOVARTIS INDIA: Parent Novartis AG has signed a licensing and research deal that could boost its ability to develop innovative cell-based therapies for conditions where little treatment is currently available.

* NTPC: Company is conducting due diligence to buy a few power plants.

* OIL INDIA: Plans to invest 6 bln rupees to set up renewable energy capacity in the wind and solar space as it seeks to diversify into clean energy sources.
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* RELIANCE INDUSTRIES: Has told the Supreme Court in an affidavit that it intends to challenge the "entire approach" of the government on gas pricing, and is planning to invoke arbitration against the Rangarajan panel's gas pricing formula, saying it was inconsistent with the production sharing contract.

* RELIANCE INDUSTRIES: A proposal to force the company to give up 86% of eastern offshore KG-D6 gas block, including 8 gas discoveries worth at least $8 bln, has been put up to oil minister Veerappa Moily.

* RELIANCE INFRASTRUCTURE: Company said consumers in high-tension industrial, commercial and residential township categories can save 6% to 41% by using company's power.

* RELIANCE POWER: A report by the Comptroller and Auditor General has said the company's special purpose vehicle, Sasan Power, got "undue favours" from the environment ministry. Company has pulled out of the proposed Liquefied Natural Gas terminal with Shell on the East Coast of India.

* SHREE RENUKA SUGARS: In talks with UK , German firms to sell its power production unit in Brazil and expects to raise at least 20 bln rupees through this sale.
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* SKS MICROFINANCE: Company's largest shareholder SKS Trust Advisors has named Vikram Akula as its nominee and demanded a seat for him on the company's board. (ET, Mon)
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* SPICE JET: Has hiked cancellation charge on domestic tickets to 1,500 rupees from 1,000 rupees (TOI, Sat)
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* STEEL AUTHORITY OF INDIA : Poland is in talks to sell coal-mining assets to the company. (BB, Sat)
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* SHIPPING CORP OF INDIA : The Company’s crude oil tanker MV Desh Shanti,which was detained on Aug 12 for allegedly polluting Iranian waters, sailed for Vishakhapatnam at 2354 IST on Friday.
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* SIMPLEX INFRASTRUCTURE: Promoter RBS Credit and Financial Development has acquired an additional 0.15% stake, raising its total stake in the company to 55.52%.
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* TATA MOTORS: Has partnered with DRB-HICOM Berhad for import, distribution and assembly of its commercial vehicles in Malaysia .Jaguar announces all aluminium C-X17 sports crossover concept vehicle.
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* UNION BANK OF INDIA : Plans to increase the total number of branches and ATMs to 2000 each by end of 2013-14(Apr-Mar). (BL, Mon)
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* VALUE INDUSTRIES: The RBI has said the company has withdrawn its application for a new bank licence. Promoter VIDEOCON INDUSTRIES has denied that the company has withdrawn its application for a banking licence.
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* WIPRO: The Company sees a significant market in India for the analytics and information management services segment, with data getting increasingly

FREE DAILY STOCKS ALERT - 04.09.2013

* ADANI PORTS AND SPECIAL ECONOMIC ZONE: The environment ministry has levied a 2-bln rupees fine on the compnay's Mundra Port and SEZ for damaging mangroves, creeks and the local environment at the project site.

* COAL INDIA: The finance ministry is pushing the company to buy back 5% of its shares if it is not able to proceed with its public issue due to poor market conditions. Has offered supplies to all power units that don't feature in the list of entities with which the company has to sign fuel-sharing agreement, but are
commissioned and need immediate coal linkage to start power generation 

* DALMIA BHARAT: Cement despatches increased by nearly 10% on year to 768,000 tn in August.

* FINANCIAL TECHNOLOGIES (INDIA): Arm National Spot Exchange has declared 153.7 mln rupees pay-out as compared to 1.74 bln rupee due Tuesday. The special panel of government officials looking into the payment default crisis at the National Spot Exchange will submit its report on Sep 12.
    The promoter of National Spot Exchange and anchor investor of MULTI COMMODITY EXCHANGE, Ravi K Sheth confirmed he would quit as a director. 
    Banks with exposure to the company's warehousing arm have become wary about the potential risks they face in the aftermath of 55.72-bln-rupee payment crisis at National Spot Exchange. 

* FUTURE VENTURES INDIA : Warburg Pincus is set to buy a 3.50-bln rupee minority stake in brand Biba, including purchase of the stake held by company.

* GAMMON INFRASTRUCTURE PROJECTS: India has denied security clearance to Shanghai Zhenhua Heavy Industries Co to supply gear to a container loading facility being built by the company at Mumbai port.

* GUJARAT GAS COMPANY: Has inked a memorandum of understanding with Gujarat State Petroleum Corp for buying 0.85 mcmd of gas per day through a long-term deal.

* INFOSYS: V Balakrishnan could soon be the CEO of the software company.
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* JET AIRWAYS INDIA : Is currently considering hiking airfares due to the rise in prices of aviation turbine fuel.
    Etihad is likely to complete its purchase of a 24% stake in company by Sep 20 as all regulatory clearances are expected to be in place by then. Hopes to minimise the impact of a sharp rupee depreciation by growing its international routes.

* KARNATAKA BANK: Has raised interest rates on non-resident external rupee deposits by 50 basis points for maturities of 3-10 years effective Monday.

* KINGFISHER AIRLINES: Chief Executive Officer Sanjay Aggarwal received a package of 40 mln rupees in 2012-13. Lenders are actively considering an option to declare company as "wilful defaulter" as per the rules of the Reserve Bank of India .

* LANCO INFRATECH: Slashed staff strength from about 8,500 in 2010-11 to about 4,500 as of March 2013.

* LIC HOUSING FINANCE: Has launched home loan schemes for women borrowers who are sole owners or first owners of the property.

* MINDTREE: Aims to acquire small-sized companies that would help it build scale in some of its domains such as infrastructure management and package
applications.

* MULTI COMMODITY EXCHANGE: The Forward Markets Commission has sought data from about its members to verify bourse members' fund contribution into the settlement guarantee fund.

* PONNI SUGARS (ERODE): Has produced 8,339 tn of sugar in August, compared to 8,399 tn in July. The company sold 6,688 tn of the sweetener in August, compared to 4,749 tn in the previous month.

* REDINGTON ( INDIA ): Arm has bought 47.8% stake in a Turkish information services company for $1.09 mln.

* RURAL ELECTRIFICATION CORPORATION: Has received 154.2 mln rupees for sale of its arm to POWER GRID CORP OF INDIA.

* STRIDES ARCOLAB: The Cabinet Committee on Economic Affairs has approved US-based Mylan Inc's 51.68-bln-rupee proposal to acquire the injectable
business of the company.

* SWAGRUHA INFRASTRUCTURE: Board has approved a two-for-one stock split.

* TORRENT POWER: Has become the first power producer to get direct supply of natural gas from Petronet LNG to feed its station.

FREE DAILY STOCKS ALERT - 01.08.2013

* CREST ANIMATION STUDIOS: Has "temporarily" laid off 150 employees having halted operations completely for 2-3 months after being hit by volatile global market conditions. 

* DECCAN CHRONICLE HOLDINGS: The Central Bureau of Investigation and the Enforcement Directorate have sealed the premises of the company in Secunderabad, on account of a case registered against chairman T. Venkatarami Reddy on cheating and criminal conspiracy. 

* EICHER MOTORS: VE Commercial Vehicles, a joint venture of the company and Volvo Group, has started production at its engine manufacturing facility at Pithampur, Madhya Pradesh, with an initial investment of 3.75 bln rupees. 

* FRESENIUS KABI ONCOLOGY: Has approached Securities Appellate Tribunal against Securities and Exchange Board of India, which recently gave only a
conditional nod to the company to delist from Indian stock market, citing that the conditions are beyond the scope of delisting regulations. 

* GATI: Apr-Jun net profit declined 83% YoY to 67 mln rupees. Revenues increased 12% YoY to 3.2 bln rupees. 

* GOLDEN TOBACCO: SEBI has fined the company 10 mln rupees for violating the disclosure norms related to pledge on the promoter-owned shares of the company as well as norms related to prevention of fraudulent trading. 

* HANUNG TOYS & TEXTILES: Has initiated discussions with its lenders to restructure its debts through corporate debt restructuring mechanism and has filed a flash report with CDR Cell, Mumbai. 

* HINDUSTAN PETROLEUM CORP: Plans to spend more than 20 bln rupees to add around 900 km of pipeline network over the next three years. 

* ICVL CHEMICALS: Board has approved ten-for-one stock split.

* INDIAN OIL CO: Has said it will increase petrol price by 70 paise per ltr, and retail diesel price by 50 paise per litre, from midnight.

* INDO AMINES: Plans to spend 10 mln rupees to repair Dhule plant. 

* INTELLIVATE CAPITAL: Board has approved 10-for-1 stock split. 

* IRB INFRASTRUCTURE DEVELOPERS: Has decided not to bid for the prestigious 100-bln-rupee Mumbai Trans-Harbour Link as it has lost faith in the state government following the "bitter experience" over toll collections at its Kolhapur road project. 

* JM FINANCIAL: Apr-Jun net profit increased 57% YoY to 55.35 mln rupees while total income increased 14% YoY to 2.78 bln rupees. 

* KESORAM INDUSTRIES: Promoters have raised their stake in the company to 49.28% from 27.22% by infusing 2 bln rupees in the recently concluded rights issue. 

* LARSEN & TOUBRO: Has no immediate plans to sell up to 1% stake in L&T FINANCE HOLDINGS LTD via share sale. 

* NATIONAL FERTLIZERS: The government is expected to have raised around 1.01 bln rupees by divesting 7.64% stake in the company via the offer for sale (yesterday) Wednesday. 

* NEYVELI LIGNITE CORP: The Empowered Group of Ministers has fixed the price band for 3.56% stake sale in the company at 58-60 rupees per share. 

* OIL & NATURAL GAS CORP: Is likely to start oil and gas production from its first deep-sea field in Krishna-Godavari basin off Andhra coast by September. The setback to Russian telecom giant Sistema in India may impact company's operations in Russia , said former chief of the company, R.S. Sharma. 

* ONMOBILE GLOBAL: Reported 30.2% sequential rise in Apr-Jun consolidated net profit to 140.6 mln rupees. Consolidated revenues grew 3% to 1.89 bln rupees. 

* PIPAVAV DEFENCE AND OFFSHORE ENGINEERING CO: Plans to raise $150 mln through listing on the London Stock Exchange by October. 

*  RELIANCE INDUSTRIES: Plans to borrow $1.75 bln by mid-August to refinance debt and fund capital expenditure. 

* RELIGARE ENTERPRISES: Reported net loss of 902.75 mln rupees in Apr-Jun compared with net profit of 242.4 mln rupees year ago. Net sales declined 8% YoY to 7.1 bln rupees. 

* SPICEJET: In 'advanced' talks with Emirates for stake sale. 

* SUBEX: Has launched the upgraded 9.9 version of its settlement solutions software that will help telecom providers manage relationships with their partners and negotiate multi-party contracts thereby improving profitability. 

* TANFAC INDUSTRIES: Board has approved 149.6-mln-rupee rights issue. 

* ZEE ENTERTAINMENT: Has secured the satellite rights of soon-to-be-released Shah Rukh Khan-starrer 'Chennai Express' for a new movie channel it is launching next month under the bouquet '&'.

FREE STOCKS ALERT - 17.07.2013

* ANDHRA BANK: Has decided to drop plan to cut its base rate as announced on Monday after the Reserve Bank of India announced steps to curb liquidity.

* BAJAJ AUTO: Maharashtra Labour Minister Hasan Mushrif will, within a week, meet the Bajaj Auto management and the workers' union to try and end the deadlock between the two sides.

* CAN FIN HOMES: The company is looking at branch expansion for market penetration. 

* CIPLA: Has completed acquisition of 100% stake in Cipla Medpro South Africa for an aggregate consideration of 27.1 bln rupees. 

* COAL INDIA: The company which plans to invest 60 bln rupees in foreign acquisitions in Apr-Mar (2013-14), is evaluating buying stakes in three coal assets in Australia . The company will enter into seven-eight more fuel supply pacts with NTPC for 4,000 MW generation capacities today. 

* HINDALCO IND: Workers at the company's Hirakud smelter called off their strike late Tuesday. 

* HOUSING DEVELOPMENT & INFRASTRUCTURE: Mumbai International Airport has sought 2.76 bln rupees as liquidated damages for non-adherence to timelines under contractual liability. 

* JET AIRWAYS: Etihad Airways, which had earlier agreed to buy 24% stake in the company, has sought a reduction in the premium it was willing to pay on the shares of the Indian carrier. The company will seek shareholders' nod to elevate promoter Naresh Goyal's daughter Namrata and son Nivaan early next month. 

* KARUR VYSYA BANK: Will cut its base rate and benchmark prime lending rate by 25 basis points each to 10.50% and 15.50% on Thursday. 

* NIIT TECHNOLOGIES: Posted consolidated net profit of 532.0 mln rupees for Apr-Jun, down 7.5% on year. The company plans to hire around 400 staff by March for executing a contract from the Airports Authority of India. 

* OBEROI REALTY: Said it is facing sluggish demand for its commercial projects. 

* OIL AND NATURAL GAS CORP: And MANGALORE REFINERY AND PETROCHEMICALS that jointly own 49% stake in ONGC Mangalore Petrochemicals seek bids to sell 26% in the latter. 

* PUNJAB NATIONAL BANK: Does not see any need to change lending rates presently in the wake of Reserve Bank of India 's steps to curb volatility. 

* PUNJ LLOYD: Is planning to refinance up to 14 bln rupees debt into dollar loans over the next six months to cut costs and soften the impact of a falling rupee. 

* RELIANCE INDUSTRIES: The Ministerial Panel on Commercial Utilization of Gas will meet today to re-priorities allocation of domestically produced gas to consumers such as power and fertiliser units from the company's KG-D6 block. Gujarat State Petroleum oration hopes to soon get green clearances for laying onshore installations at the KG basin block. 

* SANDUR MANGANESE & IRON ORES: Has denied a report that the promoters of the company are in talks to sell a substantial portion of their stake to JSW STEEL. 

* SAREGAMA INDIA: The company has partnered with Home Entertainment Services by Sony DADC, under which the latter will undertake sales, marketing and distribution of content on its behalf across all the physical formats such as CDs and DVDs. 

* STANDARD CHARTERED: The bank is selling its office building in the Goregaon area of Mumbai. 

* STATE BANK OF INDIA : Is not considering raising interest rates following measures taken by Reserve Bank of India to tighten liquidity. 

* TATA POWER: Has asked its creditors to extend the exemption in a bid to avoid penalties.

* TEXMACO RAIL: Chairman Saroj Poddar has said the company is eyeing a strategic alliance with KALINDEE RAIL NIRMAN. 

* V-GUARD INDUSTRIES: The company has increased capacity at its Kashipur cable unit in Uttarakhand.

DAILY SECTORS ALERT(19.06.2013)

* AUTO: American carmaker Ford Motor is targeting women customers with a specially-crafted automatic petrol variant to drive sales of its super compact Eco Sport SUV, the most anticipated launch in the Indian car market, scheduled next week.

* COAL: The government has proposed to consider Indonesian coal prices in determining tariffs of imported coal-based power plants which may help companies
like TATA POWER, RELIANCE POWER and ADANI POWER in recovering fuel costs. The Central Electricity Regulatory Commission has proposed a modified composite index on payments for imported coal.

* CONGLOMERATE: Tata Sons Director R.K. KrishnaKumar is set to retire by next month paving way for restructuring of the boards of holding companies Tata Sons and Tata Industries.

* EXCHANGE: The BSE has shifted 28 stocks to the trade-to-trade segment, effective Friday.

* GOVERNMENT: Has signed a $255-mln loan agreement with the World Bank for the National AIDS Control Project. Government has extended the ban on import of milk, milk products from China by one year. The Planning Commission has approved an annual plan size of 590 bln rupees for Gujarat , 5 bln rupees more than the amount the state had sought from the panel.
    -A high-level government panel has recommended large companies compulsorily source 30% of manufactured products from micro, medium, and small scale
enterprises.
    -The Department of Industrial Policy and Promotion is likely to move a Cabinet note to address it by clubbing the definition of 'effective control' and 'control'.

* INDUSTRY: Small Industries Development Bank of India will make equity investments worth 10 bln rupees in micro, small and medium scale industries in 2013-14 (Apr-Mar).

* INFORMATION TECHNOLOGY: Gartner Inc expects worldwide government spending on information technology to be 0.1% on year lower in 2013.

* INFRASTRUCTURE: The cabinet secretariat is launching a portal where companies can upload rudimentary details about their projects, and specific government clearances at the state or central levels holding them up.

* INSURANCE: Life Insurance Corp has set up two groups to look into various issues including investment strategy, marketing and review of its international operations and subsidiaries.

* INVESTMENT: Economic Affairs Secretary Arvind Mayaram said he has submitted the report on relaxing foreign direct investment limits in various sectors.

* MONSOON: India Jun 1-18 rainfall 124.3 mm, 58% above normal said India Meteorological Department. India Jun 18 rainfall 11.3 mm, 90% above normal, it said.

* POLITICS: Refuting media reports, the Gujarat government said Chief Minister Narendra Modi will not visit the disputed Ram Janmabhoomi site in Ayodhya, Uttar Pradesh, this month.

* REALTY: Demand for rented homes has halved and rents are down 25% in Mumbai, Delhi , and Bengaluru as India Inc tightens housing budgets in its battle against economic slowdown.

* TELECOM: The telecom department is probing the amalgamation of seven UNITECH GROUP companies into Unitech Wireless for possible breach of norms that forbids change in equity structure.

* TRANSPORT: India 's May rail freight traffic stood at 88.19 mln tn, up 4.8% on year.

FREE DAILY STOCKS ALERT - 14.06.2013

* CADILA HEALTHCARE: US subsidiary has recalled one lot of generic warfarin tablets from US market, due to complain the product was oversized.

* CAIRN INDIA: Twin Star Holdings has pledged its entire shareholding in arm Twin Star Mauritius Holdings, which in turn holds 38.68% stake in Cairn India .

* HINDUSTAN UNILEVER: Parent Unilever has received SEBI's approval for its open offer of 22.5% shares of the company.

* IDEA CELLULAR: Delhi High Court has approved merger of company's arm with Indus Towers .

* INFOSYS: Has hiked salaries of its employees in India by an average of 8% with effect from Jul 1.  US arm Infosys Public Services has got a three-year contract from CareFirst BlueCross BlueShield for IT support and application development services.

* JET AIRWAYS INDIA : Foreign Investment Promotion Board will consider today the company proposal to sell stake to Etihad Airways. Has appointed Gary Kenneth Toomey as its chief executive officer. Toomey will replace Nikos Kardassis.

* JK LAKSHMI CEMENT: Has despatched 392,000 tn cement in May, down 0.76% from 395,000 tn in April.

* KS OILS: NSE will suspend trading in the company's shares from Jun 21 for non-compliance with the provisions of listing agreement.

* MAHINDRA & MAHINDRA: Company's Korean arm Ssangyong Motor sold 12,730 vehicles in May, a year-on-year increase of 25.3%. It expects sales to go up further due to resumed second-shift production at its plant in Korea .

* NATIONAL FERTILIZERS: The proposal for divestment of 7.64% government stake in the company is likely to go to the Cabinet Committee on Economic Affairs soon.

* PC JEWELLER: Is targeting over 30% increase in its net sales in 2013-14.

* RANBAXY: Has said t has rectified past "shortcomings" and will co-operate with any regulator from anywhere in the world wanting to investigate its manufacturing practices.

* RELIANCE COMMUNICATIONS: May sell controlling stake in its direct-to-home operations--run under Reliance Big TV brand--to the Sun Group in a cash and stock deal valued at 25 bln rupees.

* STATE BANK OF INDIA : The government has interviewed Arundhati Bhattacharya and P. Pradeep Kumar for the post of managing director in the bank.

* SUN PHARMACEUTICAL INDUSTRIES: Analysts have lowered their earnings per share estimates and price targets, as the company has to pay a higher-than-expected sum of $550 mln to settle a patent infringement suit.

* TATA MOTORS: Jaguar Land Rover total retail sales in May rose 12% on year to 32,477 units.

* TV18 BROADCAST: Has launched a 24-hour television news channel, News18 India, for Indian audiences in the UK and other international markets.

FREE DAILY STOCKS ALERT: 30.05.2013

* ADANI ENTERPRISES: Promoters have set the floor price for its offer for sale of 16.04 mln shares at 227 rupees a share.

* APOLLO TYRES: Has struck a deal to sell its South African arm to Japanese Sumitomo Rubber Industries for $60 mln.

* AUNDE INDIA: Offer for sale by promoter subscribed 1.12 times at an indicative price of 30.69 rupees per share.

* BALMER LAWRIE: Is in "active" talks to acquire a domestic tour company.

* BGR ENERGY SYSTEMS: Reported Jan-Mar net profit of 538.5 mln rupees, down 19.8% YoY. Net sales stood at 10.63 bln rupees, down 6.6% YoY. Is planning to meet SEBI's public shareholding norm by the Jun 3 deadline.

* BHARAT PETROLEUM CORP: Reported Jan-Mar net profit at 47.97 bln rupees, up 21.06% YoY. Net sales were 662.8 bln rupees, up 2.54% YoY.

* BHARTI AIRTEL: Communications Minister Kapil Sibal has approved a telecom department proposal to slap a 6.50-bln-rupee penalty on the company for providing subscriber local dialing services in 13 regions between 2003 and 2005.

* CAIRN INDIA: Vedanta Resources has hired six banks to arrange a $1.2-bln loan to refinance debt used to buy the company.

* CARBORUNDUM UNIVERSAL: RBI said foreign institutional investors' limit for purchasing shares of the company has reached the trigger limit of 22%.

* CIPLA: Posted Jan-Mar net profit at 2.67 bln rupees, down 8.29% YoY. Net sales stood at 19.1 bln rupees, up 5.08% YoY.

* DEWAN HOUSING FINANCE CORP: Is aiming to expand its education loan business by focusing on students going abroad for studies as these involve bigger amounts.

* ESSEL PROPACK: Reported Jan-Mar consolidated net profit at 269 mln rupees, and net sales at 4.68 bln rupees.

* ESSAR SHIPPING: Floor price for the promoter's offer for sale of the company's shares has been set at 19.50 rupees per share.

* ESSAR PORTS: Floor price for the promoter's offer for sale of the company's shares has been set at 77 rupees a share.

* EVEREADY INDUSTRIES INDIA : Trimmed standalone Jan-Mar net loss to 21.5 mln rupees from 860 mln rupees a year ago.

* HINDALCO INDUSTRIES: Is looking to raise about 50 bln rupees to refinance existing debt.

* HINDUSTAN OIL EXPLORATION: Posted a net loss of 283.34 mln rupees for Jan-Mar against a net profit of 75.54 mln rupees year ago. Net sales rose 28% YoY to 333.66 mln rupees.

* INDIAN HOTELS CO: Is planning to set up two hotels in China .

* JAYPEE INFRATECH: Offer for sale for 160 mln shares of company by promoter subscribed 1.4 times, and the indicative price was 35.13 rupees per share.

* JET AIRWAYS: Offer for sale floor price set at 510 rupees per share.

* JK LAKSHMI CEMENT: Reported Jan-Mar net profit at 333.4 mln rupees against 412.4 mln rupees. Total income was at 5.35 bln rupees against 5.26 bln rupees.

* LANCO INFRATECH: Has reported Jan-Mar consolidated net loss of 316 mln rupees as compared with a profit of 728 mln rupees year ago and revenue of 35.7 bln rupees, up 6% on year.

* MICRO TECHNOLOGIES: Denied media reports about any decision to sell stake in two units to raise funds, but move was being considered.

* MONNET PROJECTS: Offer for sale of 120,000 shares subscribed 1.17 times at an indicative price of 32.46 rupees per share.

* MONSANTO INDIA: Posted Jan-Mar net profit of 15.4 mln rupees, against 79.1 mln rupees loss. Net sales were 690.4 mln rupees, up 93.1% YoY.

* NMDC: Reported net profit of 14.64 bln rupees in Jan-Mar, down 11% YoY. Net sales were 32.02 bln rupees as against 25.94 bln rupees.

* NOVARTIS INDIA: Offer for sale floor price set at 375 rupees per share.

* OIL AND NATURAL GAS CORP: Reported Jan-Mar net profit at 33.89 bln rupees, and net sales at 213.89 bln rupees. KG Basin gas block likely to start production 2016-17 (Apr-Mar). To drill 8 more wells in KG Basin block by December. Plans to enter into the fuel-retail business in a big way after complete deregulation of diesel prices.

* ORACLE FINANCIAL SERVICES SOFTWARE: US-based hedge fund Elliott Management has picked up 5.7% stake in the company.

* RELIANCE INDUSTRIES: Standard & Poor's has upped the company's long-term corporate credit rating to BBB+, outlook negative.

* SHARP INDIA : Offer for sale of 1.29 mln shares by promoter was subscribed nearly two times at indicative price of 12.28 rupees per share.

* SHASUN PHARMACEUTICALS: Reported Jan-Mar net profit of 132.6 mln rupees, down 77.52% YoY, and net sales at 2.61 bln rupees, down 9.45% YoY.

* SHREE RENUKA SUGAR: Reported Jan-Mar net profit at 133 mln rupees, up 141.8% YoY. Net sales were 19.1 bln rupees, up 94.9% YoY.

* SPECIALITY RESTAURANTS: Is close to announcing a joint venture with a fast moving consumer goods company to roll out 100 noodle bars in the country.

* SUN TV NETWORK: Offer for sale of 7.88 mln shares by promoter Kalanithi Maran subscribed over three times at an indicative price of 416.13 rupees per share.

* SUJANA TOWERS : Posted Jan-Mar consolidated profit after tax at 12.8 mln rupees, down 97.01% YoY. Consolidated net sales stood at 5.6 bln rupees, down 14.21% YoY.

* TATA MOTORS: Reported Jan-Mar consolidated net profit at 39.45 bln rupees, and net revenue at 560.02 bln rupees. Plans to launch variants of Nano car in 2013-14 (Apr-Mar) and 40-50 commercial vehicles. Plans 30 bln rupees capital expenditure in 2013-14.

* TATA TELESERVICES MAHARASHTRA : Promoter Tata Sons has set a floor price of 7.60 rupees per share for the offer for sale of 35 mln shares of the company.

* TATA CHEMICALS: Company's results for 2012-13 (Apr-Mar) are broadly in line with expectations, despite the continued softening in the domestic fertiliser segment and its weak European soda ash position, Moody's said.

* TORRENT POWER: Net profit for Jan-Mar stood at 245.5 mln rupees as against 3.85 bln rupees a year ago. Net sales stood at 18.27 bln rupees.

FREE DAILY STOCKS ALERT - 07.05.2013

* ADITYA BIRLA NUVO: Will raise at least 2 bln rupees through 10-year bonds, carrying a coupon rate of 9.00%.

* ASIAN GRANITO INDIA: Has resolved trademark row with ASIAN PAINTS without any monetary damages or cost.

* AVANTEL: Board has approved share buyback at up to 75 rupees/share and will spend up to 21 mln rupees for the buyback

* BPL: Board has approved transfer healthcare operations to BPL Medical Technologies for shares worth 210.5 mln rupees.

* CAPITAL FIRST: Is planning to raise up to 500 mln rupees through issue of non-convertible subordinated debentures.

* DEN NETWORKS: Plans to raise $110 mln through a preferential allotment of shares to two affiliates of the Goldman Sachs Group at 217.50 rupees each.

* EMAMI: Has reported 29.9% YoY rise in Jan-Mar net profit to 939.9 mln rupees. Net sales increased 13.3% to 4.51 bln rupees. Board has approved 1-for-2-bonus share issue.

* GITANJALI GEMS: Has opened 11 stores of its various brands over the past two months with a view to expand its reach in Tier II and III cities.

* IVRCL: Is on a lookout for buyers for two more of its highway projects, Jalandhar-Amritsar and Indore-Jhabua, as part of its debt reduction plan.

* LANCO INDUSTRIES: Has shelved its plan to set up a 300,000-tn-per-annum mini cement plant in Andhra Pradesh.

* MAHINDRA & MAHINDRA: Is confident of registering a double-digit growth in sales volumes during 2013-14 (Apr-Mar) despite a high base and a grim forecast for the automotive sector, Chief Executive Officer Pravin Shah said. Management and employee union at Nashik have locked horns over the new wage agreement. While the management said it will be "reasonable" in terms of the revision of wages, workers are not ready to roll back their demands.

* MARUTI SUZUKI: Will introduce two new models in a year's time to replace A-Star, Estilo and sedan SX4 that are not selling well in order to regain its market share.

* OBEROI REALTY: Has run into a dispute with buyers over the Oberoi Splendor project as residents alleged misappropriation of funds, delay in forming residents' society, deficiency in services and change in plans of the project.

* ONGC: Imperial Energy, subsidiary of ONGC Videsh Ltd, is betting on shale oil to boost production from its assets in Tomsk region in western Siberia , Russian Federation .

* PARSHWANATH CORP: Board has approved 1-for-5-bonus share issue.

* POWER GRID CORP OF INDIA : Is planning to raise funds through a bond issue next week.

* RELIANCE POWER: Royal Dutch Shell has submitted the Environmental Impact Assessment report and inked a port services agreement for the 5-mln-tn LNG terminal at Kakinada it plans to build jointly with RELIANCE POWER.

* STATE BANK OF INDIA :  General insurance arm, SBI General Insurance, posted a 208% growth in premium income to 7.71 bln rupees in 2012-13 (Apr-Mar).

* STEEL AUTHORITY OF INDIA : A parliamentary committee on labour criticised the company for its callousness and gross injustice towards families of 18 former employees.

* TATA TELESERVICES ( MAHARASHTRA ): The Securities and Exchange Board of India has relaxed some norms relating to the 'offer for sale' mechanism for the company.

* TITAGARH WAGONS: Has disposed entire stake in two arms Titagarh Trains and Link View Projects on Mar 30.

FREE STOCKS ALERT - 02.05.2013

* BHARAT FORGE: Warrant holders have abstained from converting 6.5 mln warrants issued to them in April 2010.

* BHARTI AIRTEL: May look at raising 65 bln rupees via equity issue.

* CHAMBAL FERTILISERS AND CHEMICALS: Jan-Mar net profit fell 75.4% year on year to 229.41 mln rupees while net sales fell 18% on year to 15.43 bln rupees.

* CMC: FIIs cannot buy more shares of the company without approval from the RBI, as the limit for FII holding as reached the trigger of 22%.

* COAL INDIA: Has got 32 offers to buy assets overseas.

* DECCAN CHRONICLE HOLDINGS: Lenders keen to oppose the company's plan to demerge its print business into a new business.

* DHANLAXMI BANK: Has sought RBI permission to raise 1 bln rupees via equity issue.

* EICHER MOTORS: April truck, bus sales 3,917 units, down 7% on year.

* EID PARRY: Jan-Mar net profit fell 96.2% on year to 54.2 mln rupees while net sales grew 37.3% on year to 6.35 bln rupees. The company's Silkroad sugar refinery in Kakinada is likely to go on stream in the last quarter of 2013-14.

* EMKAY GLOBAL FINANCIAL SERVICES: Panel probing the error caused a flash crash on Oct 5 has rejected cancellation of trades made by the brokerage, which faces a 510-mln-rupee hit.

* FINOLEX CABLES: Plans to expand telecom optic fibre manufacturing capacity by nearly 70%; is also mulling its own 5MHz power plant in Pune.

* FORTIS HEALTHCARE: Has started construction of its flagship hospital Fortis Memorial Research Institute in Gurgaon, which will have 1,000 beds when fully functional.

* GLAXOSMITHKLINE CONSUMER: Jan-Mar net profit was 1.56 bln rupees against 1.32 bln rupees a year ago.

* GMR INFRASTRUCTURE: Has started operations at the first 350 MW unit of its arm GMR Kamalanga Energy Ltd's power plant in Odisha.

* GREAVES COTTON: Jan-Mar net profit fell 50.5% on year to 384.9 mln rupees and net sales declined 3.8% on year to 4.95 bln rupees.

* HERCULES HOISTS: Production has been hit at the company's Khopoli unit due to worker agitation from Apr 17.

* HERO MOTOCORP: April sales 499,113 units, down 9.5% on year. Has launched arm Hero FinCorp for two-wheeler financing. Has reached a wage deal with workers at Gurgaon, Haridwar unit workers; sweetened deal by offering more benefits such as land and interest-free loans. Is considering setting up manufacturing facilities in Bangladesh and Colombia .

* HYDERABAD INDUSTRIES: Is looking at reducing revenue dependence on asbestos sheets.

* IDFC: Jan-Mar standalone net profit was 4.51 bln rupees against estimated 4.68 bln rupees. Consolidated net profit rose to 5.26 bln rupees from 3.35 bln rupees a year ago.

* IL&FS INVESTMENT: Jan-Mar net profit fell 22.4% on year to 131.65 mln rupees.

* INDIAN OIL CORP: Has cut petrol prices by around 3 rupees per ltr following steep fall in global fuel prices.

* INDRAPRASTHA GAS: The Supreme Court on Thursday will begin final hearings in the Petroleum and Natural Gas Regulatory Board's plea, challenging the Delhi High Court's ruling that the board could not regulate the price at which the company and other such companies could sell compressed natural gas to consumers.

* JET AIRWAYS INDIA : Plans to raise $300 mln via external commercial borrowing route; Etihad Airways to help it raise first tranche of $150 mln.

* KINGFISHER AIRLINES: Latest revival plan submitted on Apr 10 is not acceptable to Directorate General of Civil Aviation.

* LARSEN & TOUBRO: May bag 67-bln-rupee rail freight corridor project with Japanese major Sojitz Corp.

* MAHINDRA & MAHINDRA: April sales, at 41,432 units, were up 1.8% on year.

* MARICO: Has posted a 20% on-year rise in its consolidated Jan-Mar net profit to 838.63 mln rupees while the consolidated Jan-Mar net sales rose 10% on year to 9.97 bln rupees.

* MARUTI SUZUKI INDIA : April total sales, at 97,302 units, were down 3.1% on year.

* NMDC: Will seek board approval for floating fresh expression of interest for greenfield steel plant at Chhattisgarh.

* NTPC: Is likely to revive plans to build 500 MW project in Sri Lanka by month May end.

* OIL AND NATURAL GAS CORP: Has made three major oil and gas discoveries--two in Krishna Godavari Basin and one in the Western Offshore. The company and Shell-led consortium lead the race to buy 20% stake in Mozambique 's Rovuma-1 offshore block. Deal to acquire ConocoPhilips' stake in Kazkhsan oil field may fall through.

* ORACLE FINANCIAL SERVICES SOFTWARE: Has rolled-out a new core banking application across West Asia to cater to Islamic banking.

* PC JEWELLER: Has opened two more showrooms--one at Hisar in Haryana, and one at Paschim Vihar in Delhi .

* RELIANCE INDUSTRIES: Has raised crude sourcing from Latin America .

* RELIANCE INFRASTRUCTURE: Versova-Andheri-Ghatkopar metro will become fully operational by December.

* SESA GOA: Has cut Liberia mine output target to 2 mln tn per annum from 4 mln tn earlier.

* SHOPPERS STOP: Jan-Mar net profit rose 10.44% on year to 151.78 mln rupees and net sales was up 15.68% on year to 6.17 bln rupees.

* SOUTHERN ONLINE BIO TECHNOLOGIES: Board has approved preferential allotment of 16.6 mln shares.

* SUMEET INDUSTRIES: Board has withdrawn plan to merge group companies with the self and to form a joint venture with Vishvas Infrastructure for acquisition and development of 200 acres land in Gujarat.

* SUNDARAM FINANCE: Is planning to raise 1 bln rupees through two-year zero coupon bonds and is looking at a yield of 9.10% on the bonds.

* SYMPHONY: Will infuse up to $4.5 mln in Singapore arm Sylvan Holdings Pte.

* TATA CHEMICALS: The Competition Commission of India has dismissed charges of alleged carterlisation by the company and four others.

* TATA MOTORS: April total sales 51,160 units. Has deferred plan to set up a new assembly plant in Thailand .

* THOMAS COOK INDIA : The price band for its 31.25-mln-share qualified institutional placement has been set at 50.50-53.50 rupees a share.

* TRIBHOVANDAS BHIMJI ZAVERI: Plans to open 16 stores this fiscal.

* TTK HEALTHCARE: Board has approved merger of TTK Protective Devices and TSL Techno Services with self.

* TVS MOTOR CO: April sales, at 165,214 units, were down 5.3% on year.

STOCKS ALERT:13.03.2013

* BALAJI TELEFILMS: Arm BOLT Media has executed its first-ever project of producing eight brand-customisation ad-films for a leading food brand.

* BHARTI AIRTEL: The department of telecommunication will ask the company to stop providing 3G services in seven circles where it does not have frequencies to provide high-end data services within 15 days.

* CENTRAL BANK OF INDIA : SEBI has exempted the government from making an open offer for shares of the bank following preferential allotment of shares.

* DS KULKARNI DEVELOPERS: Plans to sell substantial shareholding in arm DSK Global Education & Research.

* GMR INFRASTRUCTURE: Does not plan to sell stake in its two power plants at Kamalanga in Odisha and Warora in Maharashtra .

* HINDUSTAN UNILEVER: Is looking to sell its residential properties and land parcels in metros to raise over 1 bln rupees.

* JET AIRWAYS: The company may sell 50% stake in its frequent flier unit to Abu Dhabi-based Etihad Airways.

* KENNAMETAL INDIA: Promoter Kennametal Inc plans to sell 13.16% stake in the company through an offer for sale on Thursday.

* LARSEN & TOUBRO: Is in the final stages of negotiations to sell its 50% stake in its hydraulic equipment manufacturing joint venture to Japanese partner Komatsu.

* MAHINDRA & MAHINDRA: The company's automotive component arm is in talks with Europe 's CIE for an alliance that will allow both to expand their global footprint.

* MARUTI SUZUKI INDIA : Is looking at ways to cut discretionary costs, including marketing, promotions, and travel, as a slump in demand has hit profitability. Plans to keep its biggest plant at Gurgaon in Haryana shut for two days every month as it remains unsure of a turnaround in the sluggish car market in the near future.

* NEULAND LABORATORIES: Has entered into an investment linked contract manufacturing collaboration with Tokyo-based API Corp.

* NMDC: Is looking to garner 80-100 bln rupees from the sale of its 50% stake in the upcoming 3-mln-tn-per-annum steel plant in Chhattisgarh to a strategic partner.

* PURAVANKARA PROJECTS: Is looking to raise 5 bln rupees by diluting promoters' stake through private placement to institutional investors.

* RELIANCE INDUSTRIES: Plans to invest 65 bln rupees a year for the next five years beginning Apr 1 in its telecom and retail businesses.  Iraq has shortlisted the company and six others to develop its Nasiriya oilfield and for constructing a 300,000-barrels-per-day refinery there. The company will invest around $27 bln rupees in the next four years across its various businesses, according to a Deutsche Bank AG report.

* STERLITE TECHNOLOGIES: Has accelerated the pace of deployment of fibre-based products and services that enable high-speed broadband access in the Netherlands .

* TATA MOTORS: UK-based arm Jaguar Land Rover sold 26,855 vehicles in February, up 3% on year.

* TATA STEEL: Has inked a strategic pact with Canada 's Labrador Iron Mines Holdings through its arm Tata Steel Minerals Canada for 1.58 bln rupees to jointly exploit iron ore operations in the Labrador Trough.

* UNITED BANK OF INDIA : Shareholders have approved allotment of shares worth 1 bln rupees on preferential basis to the government.

* WHEELS INDIA : Titan Europe Plc's open offer for 1.42 mln shares of the company is yet to get approval from the Competition Commission of India, which has sought some clarifications.

FREE STOCKS REPORT: 08.03.2013

* ADANI POWER: Promoter Vinod Adani has acquired 7.5 mln shares, or 0.31% stake, of the company through market purchase at 44.50 rupees a share.

* ASIAN GRANITO: To invest around 3 bln rupees to expand capacity through setting up network of contract manufacturers in 2013-14.

* BARTRONICS: Receivables from customers at 8.8 bln rupees as on Dec 31; company faces winding up petition in a court from a creditor.

* BHARTI AIRTEL: Has started the process to sell up to 25% stake in its direct-to-home television arm; eyes $250 mln-$300 mln from stake sale. Company is looking to divest 20-25% stake in its direct-to-home business.

* FCS SOFTWARE: Has allotted 180 mln shares on warrant conversion to SLG Softech.

* KINGFISHER AIRLINES: Airports Authority of India has asked the airline to vacate all the office space it occupies at various airports across the country. Close to 500-550 employees have left the company over the past four-five months.

* LARSEN & TOUBRO: Has entered into a pact with Belgian company CMI Energy to extend the licence territory for manufacturing and supplying heat recovery steam generators for gas turbines below 80 MW to South East Asia and West Asia .

* MAHINDRA HOLIDAYS & RESORTS INDIA: Has received bids for 9.03 mln shares for its offer for sale at an indicative price of 272.77 rupees per share.

* MAHINDRA AND MAHINDRA: Has resumed production at its Nashik unit after the company assured its workers it would finalise a new wage settlement by Apr 15.

* MULTI COMMODITY EXCHANGE: NYSE Euronext's plan to offload its stake in the company through block deals on Thursday failed to go through due to poor investor interest.

* MOTHERSON SUMI: Holding company Samvardhana Motherson International has initiated talks with private equity funds to raise 8.25 bln rupees to repay debt and fund expansion.

* NOCIL: Has started commercial production of rubber chemicals at its new  greenfield plant at Dahej, Gujarat .

* PENINSULA LAND : Aditya Birla Group's real estate fund to buy 50% stake in the company's 30-acre Pune township project for over 1.15 bln rupees.

* PSL LTD: Has approached banks to rework on its 46 bln rupees worth of debt through the corporate debt restructuring mechanism.

* RELIANCE INDUSTRIES: Seeks government nod to lay a pipe-track through the Jamnagar special economic zone to connect its domestic refinery with the 200-bln-rupee plant.

* SPECTRUM FOODS: Has received a term loan of 174 mln rupees from STATE BANK OF INDIA to set up salt refinery of 100,000 tn per annum along with a wind turbine of 2 MW.

* TATA POWER: Gujarat Urja Vikas Nigam contests the company's claim for a hike in tariff produced by the Mundra Ultra Mega Power project.

* WIPRO: Its information technology, consulting and outsourcing arm has launched Wipro AssureHealth platform in partnership with Microsoft Corp.

DAILY STOCKS ALERT: 07.03.2013

* ABG SHIPYARD: The company and private investment fund Tano Capital to sell Italian electric motor maker Cemp, which they acquired in 2007, for about 3 bln rupees.

* ADITYA BIRLA CHEMICALS ( INDIA ): Has commissioned commercial production of caustic soda at its brownfield unit at Renukoot in Uttar Pradesh.

* BANK OF INDIA : Has allotted 22.12 mln shares to the government on preferential basis at 365.70 rupees a share.

* COAL INDIA: Has said it may have to cut prices of its high-quality coal.

* DLF: Board has approved institutional placement programme and other routes to trim its promoter stake to meet SEBI's minimum public shareholding norm.

* ELDER PHARMACEUTICALS: Is planning to set up a joint venture with Japanese company KOSE Corp for manufacturing and selling cosmetics in India .

* HINDUSTAN PETROLEUM CORP: Board has approved setting up a 9-mln-tn refinery- cum-petrochemicals complex in Rajasthan at an investment of around 370 bln rupees. The company along with Shapoorji Pallonji will set up a 50-bln-rupee terminal on Gujarat coast to import liquefied natural gas.

* HOUSING DEVELOPMENT FINANCE CORP: Will raise 5 bln rupees through five-year bullet redemption bonds.

* ICICI BANK: Will this month auction 25 kg gold jewellery pledged with it for loans to recover dues.

* IL&FS ENGINEERING: SEBI has disposed off the case against a couple charged with fraudulent trading in shares of the company.

* MAHINDRA HOLIDAYS & RESORTS INDIA: Promoter MAHINDRA & MAHINDRA to sell 3.4 mln shares of the company, or 4.02% stake, via an offer for sale today, floor price for which has been set at 270 rupees per share.

* MAHINDRA & MAHINDRA: Workers at Nashik unit have been on a tool-down strike since 1800 IST on Tuesday following the suspension of the general secretary and another leader of the labour union at the plant. Company's President Goenka said the current duty structure on electric cars is quite disappointing and it may impact the company's sales volume.

* MCNALLY BHARAT ENGINEERING CO: Has issued 400 mln cumulative non-convertible redeemable preference shares to Tata Capital Financial Services.

* MULTI COMMODITY EXCHANGE: NYSE Euronext to sell 2.44 mln shares representing 4.8% stake in the exchange via a block deal today in a price range of 1,005 rupees to 1,026 rupees per share.

* NIMBUS PROJECTS: Is planning to buy 100% stake in a Delhi-based company and will seek the approval of the board for the same on Mar 13.

* RASHTRIYA CHEMICALS AND FERTILIZERS: Government to sell 68.96 mln shares, or 12.5% stake, of the company through offer for sale on Friday.

* RELIANCE INDUSTRIES: The Bombay High Court has disposed off the petition filed by SEBI against the Chief Information Commissioner directing it to disclose information regarding the 2007 insider trading in the company.

* ROLLATAINERS: Has entered a joint venture pact with Japan 's Toyo Machine Manufacturing Co for production of packaging-related machines and spare parts.

* TATA STEEL: Plans to raise $1 bln through overseas bond issue by March end.

* ULTRATECH CEMENT: Has despatched 3.31 mln tn cement in February, 6% lower than a year ago, while production during the month fell 4% to 3.32 mln tn.