Showing posts with label SECTORS ALERT (10.04.2013). Show all posts
Showing posts with label SECTORS ALERT (10.04.2013). Show all posts

SECTORS ALERT (10.04.2013)


* AGRICULTURE: Development of El Nino or La Nina in the Pacific Ocean is unlikely until the end of July, according to the Australian Bureau of Meteorology.

* AUTOMOBILES: Yamaha Motor Co has opened its fifth global research and development centre in India . Yamaha Motor is working to roll out the world's cheapest bike, which will be priced around $500. Hit by weak cargo movement, truck sales in 2012-13 (Apr-Mar) fell 26% to 260,000 units.

* AVIATION: Civil aviation ministry has finally agreed to formulate a policy that gives aircraft lessors the first right over other creditors to repossess aircraft.

* BANKING: RBI Governor Subbarao has assured the Parliamentary Standing Committee on Finance that it will take stern action against banks that allegedly facilitated money laundering.

* CAPITAL MARKET: BSE will move 10 stocks, including SOBHA DEVELOPERS and BHARTI INFRATEL, to Group A from Group B from Monday. An equal number of stocks will be moved out of Group A. NSE will shift 51 scrips, including A2Z MAINTENANCE & ENGINEERING SERVICES, BARTRONICS INDIA, KHAITAN ELECTRICALS, and UTTAM SUGAR MILLS to restricted trading category from Apr 12 in a measure to ensure market safety. The Nasdaq Dubai Exchange has invited Indian companies to raise capital using its platform.

- The Delhi Stock Exchange has booked losses of over 100 mln rupees after advertisement credits it got for selling shares to three large media houses were unutilised.

* COAL: The Cabinet Committee on Economic Affairs is likely to take up the issue of coal price pooling on Apr 16.

* CORPORATE: The RBI is set to clear the ambiguity over who controls an Indian entity with a foreign investment--the foreign or the domestic partner.

* FINANCIAL SERVICES: CARE Research sees total housing finance business growing at a compounded annual growth rate of 19% during 2013-2015.

* FMCG: Companies such as Cadbury, HINDUSTAN UNILEVER, ITC, PROCTER & GAMBLE and Heinz have launched discounts ranging anywhere between 10% and 70% on high-value items in the past two weeks as they try to push premium products amid slowing demand.

* GOLD: Despite demand being under pressure in Jan-Jun, World Gold Council sees India 's total gold demand rising by up to 11.6% in 2013.

* GOVERNMENT: The Prime Minister's Office has written to secretaries of ministries and concerned departments asking them to begin work on rollout of second phase of direct benefit transfer scheme. Has failed to forge a consensus on the land acquisition bill at the all-party meeting and will meet again on Apr 18.

* HIGHWAYS: The National Highways Authority of India will award 4,000 km orders on engineering, procurement, and construction basis in 2013-14 (Apr-Mar).

* STEEL: CARE Research expects profit margin of Indian steel companies to improve in 2013-14 (Apr-Mar) on the back of a fall in iron ore prices. Steel consumption in the country grew just 3.3% to 73.3 mln tn in 2012-13 on subdued demand due to slackening economy and high interest rates. Videocon Group hopes to start the 150-bln-rupee steel-cum-power project in west Bengal by the end of this year.

* TELECOM: Essar Group promoter Ravi Ruia has moved Supreme Court challenging 2G trial court order that summoned him as accused in irregularities in grant of additional spectrum to telecom companies between 2001 and 2003. Sistema Shyam TeleServices' Oct-Dec net loss narrowed to 7.78 bln rupees due to operational efficiencies and reduction in costs.