Nifty futures/Bank Nifty futures market closed on 8540/ 18680. According to technical analysis if Nifty future sand Bank Nifty future moves down-word in tomorrow treading session then 8456 will be small support for Nifty futures and 18512 will be small support for Bank Nifty futures.
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
Equity Research Report Ways2Capital 27 July 2015
1.
2. TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
Nifty futures/Bank Nifty futures market closed on 8540/ 18680. According to technical analysis if Nifty futures
and Bank Nifty future moves down-word in tomorrow treading session then 8456 will be small support for Nifty
futures and 18512 will be small support for Bank Nifty futures. If it break this level then then Nifty futures can go
down to 8291 level and Bank Nifty futures can touch 18139 level in next few days. It will be hard support for
Nifty futures and Bank Nifty futures. Meanwhile in up trend there is small resistance on 8607 for Nifty futures and
19798 is for Bank Nifty futures after breaking this level with volume there is big resistance for Nifty futures on
8793 and 19357 for Bank Nifty futures.
TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )
NIFTY
DAILY R2 R1 PP S1 S2
8776 8628 8554 8480 8332
WEEKLY R2 R1 PP S1 S2
9094 8742 8566 8390 8038
MONTHLY R2 R1 PP S1 S2
9534 8852 8511 8170 7488
BANK NIFTY
DAILY R2 R1 PP S1 S2
19530 19006 18744 18482 17958
WEEKLY R2 R1 PP S1 S2
20470 19382 18838 18294 17206
MONTHLY R2 R1 PP S1 S2
21813 19753 18723 17693 15633
MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS
NIFTY 8429 8347 8443 8433
BANK NIFTY 18676 18296 18409 18347
PARABOLIC SAR DAILY WEEKLY MONTHLY
NIFTY 8439 8015 9154
BANK NIFTY 19277 17266 20848
4. TOP 15 ACHIEVERS // TOP 15 LOOSERS
NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION )
1. RPOWER - RPOWER HAS BROKEN THE SUPPORT LEVEL OF 44.75 AND HAS TASTED THE
44.05 NOW IF IT BREAKS THIS LEVEL THEN FURTHER DOWNWARD MOVEMENT CAN BE
ACCEPTED UPTO THE LEVEL OF 42.
2. TATAPOWER - ON DAILY CHART IF TATAPOWER BREAKS THE LEVEL OF 71.40 THEN IT
CAN TEST THE LEVELS OF 69.70 AND 68.35.
3. PFC - IF PFC DOES’T BREAKS THE WEEKLY LOW OF 256 AND TRADES IN RANGE OF
263/266 THEN IT MAY TEST THE LEVEL OF 270/273.
4. ITC - ITC IS TRENDING UPWARD SINCE LAST MONTH THIS WEEK IF IT BREAKS 318 LEVEL
THEN 324/327 ARE POSSIBLE LEVELS.
5. ZEEL - ZEEL MAY CORRECT UPTO THE LEVEL OF 386/385 TO SHOW FURTHER POSITIVE
MOMENTUM THE LEVELS OF 400/402 HAS TO BE CROSED TO REACH UPTO THE LEVEL OF
412/417.
SR.N
O
SCRIPT NAME PREV
CLOSE
CMP % CHANG
1 TATAELXSI LTD 1289.55 1589.65 +23.27
2 JK TYRE & INDUS 87.30 104.10 +19.24
3 INDIABULLS
HOUSING
634.10 729.20 +15
4 PUNJAB CHEM 238.55 271 +13.60
5 INFOSYS 984.00 1088.00 +10.48
6 BEML LTD 1357 1485 +9.43
7 TATACHEMICAL 460.20 502.50 +9.19
8 CEAT LTD 716.50 781.95 +9.13
9 ASHOK LEYLAND 74.45 80.90 +8.66
10 GITANJALI GEMS 39.30 42.70 +8.65
11 LIC HOUSING
FINANCE
457.80 496.30 +8.41
12 MRF LTD 35646.80 38600 +8.28
13 VARDHMAN
TEXTILES
696.35 748.90 +7.55
14 TECH MAHINDRA 479.95 511.05 +6.48
15 ALSTOME INDIA 768.50 815 +6.05
SR.NO SCRIPT
NAME
PREV
CLOSE
CMP % CHANG
1 LUPIN LTD 1942.95 1672.10 -13.94
2 UNITECH LTD 7.85 6.85 -12.74
3 GOOD LUCK
STEEL
109.80 96.15 -12.43
4 DLF LTD 116.70 103.20 -11.57
5 JSW ENERGY 104.90 93.15 -11.20
6 FEDERAL BANK 77.60 69.70 -10.18
7 SUNPHARAM 929.75 836.20 -10.06
8 JP ASSOCIATED 11.65 10.50 -9.87
9 VEDANTA 145.50 132.45 -8.97
10 KTK BANK 150.95 137.60 -8.84
11 SKF INDIA 1445 1334.55 -7.64
12 JET AIRWAYS 349.50 323.870 -7.358
13 UNION BANK 171.60 159.50 -7.05
14 JINDAL ST&PWR 81.05 75.70 -6.60
15 AMBUJA CEMENT 255.20 240.15 -5.90
6. NSE - WEEKLY NEWS LETTERS
TOP NEWS OF THE WEEK
✍ Indiabulls Housing allot 49,700 equity shares on warrant conversion - Indiabulls
Housing Finance Ltd has announced that on July 13, 2015, the Company, has issued and
allotted 49,700 (Forty Nine Thousand Seven Hundred) Equity shares of face value Rs. 2/- each,
upon conversion oF warrants.Consequent to the said allotment, the paid-up Equity Share
Capital of the Company stands increased to Rs. 71,14,16,828/- divided into 35,57,08,414
Equity Shares of face value Rs. 2/- each.
✍ Jewellery stocks rally as Gold price fall - Shares of Jewellery stocks are in demand after
gold plunged 4% to its lowest in more than five years on Monday. The precious metal is dented
by the fact that vibes from US Federal Reserve and flow of economic numbers indicate that rate
hike this year is very much on the cards. A fall in gold prices is expected to boost revenues for
domestic jewellers in the forthcoming festive season. The beneficiaries have been jewelry
companies which are glittering on the bourses.
✍ Gitanjali Gems - Gitanjali Gems has jumped 13% at Rs. 44.20. On the BSE 11,59,000
shares have been traded at the counter as compared to its daily average volume of 76,000 shares
in the past two weeks. Shree Ganesh Jewellery rallied as much as 12 per cent, while
Tribhovandas Bhimji Zaveri surged 9.3 per cent in intraday trade.
✍ Rajesh Exports - Rajesh Exports was up 3.9% at Rs. 465. So far, the counter has seen
trades of around 720,000 shares as against the two-week daily average volume of 380,000
shares.
✍ FM to hold review meeting on PSU disinvestment - Finance Minister Arun Jaitley may
hold a review meeting on disinvestment plans for the fiscal, according to reports. A report says
that the meeting with Disinvestment Secretary Aradhana Johri would focus on the PSU stake
sale schedule of the fiscal.The government plans to raise Rs. 69,500 crore through PSU stake
sale in current fiscal.Of this, Rs 41,500 crore is to come from minority stake sale and another
Rs 28,000 crore from strategic sale.
✍ ACC down by 2% on Q1 results – ACC dropped 2 percent to Rs. 1,456 on the back of
poor Q1 earnings. ACC on Friday reported 45 percent drop in consolidated Q2 net profit of Rs.
133.4 crore in the quarter ended June 2015, as against net profit of Rs. 243.1 crore during the
previous quarter ended June 2014. The stock has hit a high of Rs. 1463.55 and a low of Rs.
1433.25. In BSE, the company's total traded quantity was around 0.75 lakh shares against two
weeks of average quantity of 0.22 lakh shares.
✍ UltraTech Cement surges 4% on Q1 results - UltraTech Cement boomeranged in trades
and emerged as the top gainer among the Nifty-50 stocks. The stock at first tumbled to a low of
Rs. 3,117 - down 3.3 percent from the previous close fearing poor results taking cues from the
ACC outcome. The stock, recouped losses and soared to a high of Rs. 3,369 - up as much as 8
7. percent in intra-day deals after the company reported a net profit of Rs. 591 crore, in line with
Street estimates.The company had reported a net profit of Rs. 628 crore in the corresponding
quarter a year ago.
✍ LIC Housing Finance Q1 net profit at Rs. 382 cr; NII at Rs. 659 cr -
The Company has posted a net profit of Rs. 3,821.339 million for the quarter ended June 30,
2015 as compared to Rs. 3,223.068 million for the quarter ended June 30, 2014. Total Income
has increased from Rs. 25,435.856 million for the quarter ended June 30, 2014 to Rs.
29,654.568 million for the quarter ended June 30, 2015.
✍ Tata Motors to invest Rs. 38,800 crore for its passenger and commercial vehicle
segment - Country's automative giant Tata Motors, plans to invest in heavily in order to
introduce pile of new products and technology in its both passenger and commercial vehicle
segment, according to media reports.For the current fiscal year, the company has targeted to
invest around Rs. 38,800 crore as a capital expenditure.Tata Motors has already declared Rs
3,000-4,000 crore capital investments this fiscal to boost all segments, the reports added.To lift
up its JLR, it will insert in the luxury car segment around 3.5 billion pounds. JLR has been
contributing profit for the entire group for past some years, but since last year it is not in good
shape, as it reported a heavy loss of 32.7%. This year would be a important year for JLR, as it
is upgrading its technological strengths via in-house R&D at its two engineering and design
centres in the UK.JLR will be soon introducing the Jaguar XE and the Discovery Sport across
the world this year.According to reports, the company roots for approval at its AGM on August
13 to lift up to 4,400 crore by way of non-convertible debentures (NCDs) on a₹
private-placement basis. The amount is expected to be raised over one year from the date of
passing the resolution.
✍ Hindustan Zinc Q1 net profit at Rs. 2,380 crore; Operating Margin at 45.7% -
The Company has posted a net profit of Rs. 19,208 million for the quarter ended June 30, 2015
where as the same was at Rs. 16,176.70 million for the quarter ended June 30, 2014. Total
Income is Rs. 41,938.90 million for the quarter ended June 30, 2015 where as the same was at
Rs. 37,245.60 million for the quarter ended June 30, 2014.
✍ Tata Steel expects steel margins to remain under pressure in Europe - Tata Steel Europe
is likely to continue with the restructuring of its UK operations.Cyrus Mistry, chairman, Tata
Steel Ltd reportedly said in the company’s annual report.Mistry added that the Adverse
currency movement and Chinese imports may force the company to undertake further asset
right-sizing.The company is expecting steel margins to remain under pressure in Europe in
2015.“The UK business of Tata Steel Europe is the most impacted by the surge of Chinese
imports as its domestic demand continues to be weak,” Mistry added in the annual report for
2014-15.Mistry also reportedly said that the global economy continues to be fragile and
uncertain especially with regard to the impact of the Chinese slowdown and the Eurozone
crisis. On 17 July, Tata Steel announced 720 job cuts at its Rotherham facility as part of its
business restructuring strategy.
✍ India is growing at much better rate than other economies - Finance Minister Arun
Jaitley warned of a threat to job creation if investments were blocked, says report. Jaitley
reportedly said that safety of workforce cannot be ensured without an increase in economic
8. activity. The minister said Indian economy was the fastest growing among major economies
with most of them facing challenges. Today we are proud that in this slow environment, when
all the countries are struggling, India is the fastest growing economy among other economies,"
added FM.
✍ India is not yet attuned for rapid change, says NR Narayana Murthy - India is not yet
attuned for rapid change. The Universities for Research & Innovation bill is pending for almost
ten years now. Our laws are still outdated. A company with foreign ownership of 50% is
deemed to be a foreign company despite being registered under the Indian Companies Act,
paying taxes in India and employing Indian employees.The land acquisition bill and GST needs
unanimous support from all stakeholders to make them more fair and acceptable to
corporations. India’s e-commerce boom is hardly a surprise and it’s perfectly fine for
youngsters in their 20s and 30s to hog the limelight on the back of massive market
valuations.There’s no need to question the model given the homework done by the said players
but they should keep in mind that the litmus test is still some distance away, when investors
will expect a decent return on their investments. Hence there’s a strong need to control costs,
manage options and generate profits.
✍ ONGC Videsh eyes Farzad gas field again - ONGC Videsh Ltd is planning to develop the
discovered Farsi (renamed Binaloud) block in the West Asian nation, according to reports.
OVL, along with its Indian partners Indian Oil Corporation and Oil India, had made the Farsi
discovery in 2008. OVL and team had begin exploration work as a service contractor but, under
Iran’s old rule. The new Iranian model offers more flexibility on cost recovery and capital
expenditure.
✍ Indiabulls Housing Q1 cons net profit at Rs. 511 Crore - Indiabulls Housing Ltd has
posted results for the first quarter ended 30th June, 2015. The consolidated net profit for the
quarter was at Rs 511 Crore. The company's consolidated total Income at Rs 1,829 Crore.
✍ Performance Highlights for the Quarter ended June 30, 2015 are - Gross and Net NPAs
have remained stable from Q4 FY15 and are at 0.85% of total advances & at 0.36%
respectively Net Profit for the quarter was Rs. 511 crore as against Rs. 424 crore in the
corresponding quarter of the previous year, showing a growth of 20.6% Net Interest Income
(NII) was Rs. 821.5 crore as against Rs. 652.4 crore in the corresponding quarter of the
previous year, showing a growth of 25.9% Balance Sheet size is at Rs. 53,959 crore as against
Rs. 46,359 crore in the corresponding quarter of the previous year. Total provision pool is Rs.
626.9 crore against gross NPAs of Rs. 456.9 crore, which is a provision cover of 137.2%.
✍ HDFC Bank slips after Q1 results - HDFC Bank pared gains and plunged into the negative
zone after the private sector bank announced its June quarter results. HDFC Bank's Q1FY16
net grew by 20.7 percent to Rs. 2,696 crore when compared with Rs. 2,233 crore in the
corresponding quarter a year ago. Total income rose by 26.3 percent to Rs. 16,503 crore from
Rs. 13,071 crore. The stock finally ended 1.8 percent lower at Rs. 1,095. The stock had
registered a fresh 52-week high at Rs. 1,128 earlier in the day
✍ SKF India plunges 4.7% after weak Q2 results - SKF India plunged 4.7 percent to Rs.
9. 1,384 after the company's net profit declined by 14.2 percent to Rs. 46.45 crore for the quarter
ended June 2015, as against Rs. 54.14 crore in a year ago period. The stock hit a high of Rs.
1,445 and low of Rs. 1,378 on BSE today. The total traded quantity was 7967 odd-shares and
two-week average quantity is 1,927 shares. The BSE benchmark index, the Sensex, opened
marginally (23 points) in red at 28,159, and soon slipped to a low of 28,071 on the back of
weak global cues.As the day progressed, the buying spread across sectors and the BSE Sensex
marched to a high of 28,546 - up 476 points from the day's low. The Sensex finally ended with
a gain of 323 points at 28,505 - its highest level since 16 April, 2015.
✍ Bajaj Finserv Q1 net profit at Rs. 4669Mn - Bajaj Finserv Ltd has posted a net profit after
taxes, Minority Interest and Share of Profit/(Loss) of Associates of Rs. 4669.00 million for the
quarter ended June 30, 2015 as compared to Rs. 3193.70 mn for the quarter ended June 30,
2014. Total Income has increased from Rs. 16299.30 mn for the quarter ended June 30, 2014 to
Rs. 22118.60 mn for the quarter ended June 30, 2015.
✍ Texmaco Rail net loss at Rs. 4.1 crore; Sales at Rs. 89.4 cr - Texmaco Rail Ltd has
announced the following results for the quarter for the period ended June 30, 2015. The
company reported a net loss at Rs. 4.1 crore for the quarter ended June 2015, as against Rs. 7.8
crore in a year ago period. During the period under review, the company's Total Income stood
at Rs. 90 crore Vs Rs. 42.1 crore for the above mentioned period.
✍ JSW Energy Q1 net profit at Rs. 2774.50 mn - JSW Energy Ltd has posted a net profit
after taxes, Minority Interest and Share of Profit/(Loss) of Associates of Rs. 2774.50 mn for the
quarter ended June 30, 2015 as compared to Rs. 3254.70 million for the quarter ended June 30,
2014. Total Income has decreased from Rs. 26001.90 million for the quarter ended June 30,
2014 to Rs. 21760.90 million for the quarter ended June 30, 2015.
✍ Aurobindo Pharma falls on USFDA inspection - Aurobindo Pharma continues to trade
with a negative bias on the Bombay Stock Exchange (BSE), after media reported that the firm
came under the USFDA scanner during a recent inspection at its Unit 12 manufacturing site.
Following which, the stock tumbled all-the-way to a low of Rs. 718, and is now down over 1.5
percent at Rs. 736. So far 51,000 shares have changed hands at the counter as compared to its
two-week daily average volume of 248,000 shares.
✍ M&M Financial Q1 net profit at Rs. 1074.190 mn - Mahindra & Mahindra Financial
Services Ltd has posted a net profit after taxes and minority interest of Rs. 1074.190 mn for the
quarter ended June 30, 2015 as compared to Rs. 1695.092 mn for the quarter ended June 30,
2014. Total Income has increased from Rs. 13843.704 mn for the quarter ended June 30, 2014
to Rs. 15126.520 mn for the quarter ended June 30, 2015.
✍ Crompton Greaves Q1 cons net profit at Rs.16 Crore - Crompton Greaves Ltd has posted
a net profit after taxes, minority interest and share of profit of associates of Rs. 160.10 mn for
the quarter ended June 30, 2015 as compared to Rs. 640.20 mn for the quarter ended June 30,
2014. Total Income has decreased from Rs. 34725.80 mn for the quarter ended June 30, 2014 to
Rs. 32113.60 mn for the quarter ended June 30, 2015.
10. ✍ Axis Bank Q1 PAT at Rs. 1978 crore;Gross NPA at 1.38% - Axis Bank has posted a net
profit of Rs. 1978 crore for the quarter ended June 30, 2015 as compared to Rs. 1666.76 crore
for the corresponding quarter of the previous year, up by 18.69%. The company’s total Income
has registered 22.58% growth at Rs. 12234.41 crore for the quarter under review from Rs.
9980.47 crore for the quarter ended June 30, 2014 The gross NPA was at 1.38%.
✍ Biocon stock up 3% as Q1 net profit rises 23% - Shares of Biocon Ltd were trading
higher 3% at Rs. 472 on BSE today. The company’s consolidated net profit increased by
22.67% to Rs. 1,26.24 crore in Q1FY16 from Rs. 1,02.91 crore in Q1FY15. Total Income has
grown by 15.44% to Rs. 856.51 crore for the quarter ended June 30, 2015 from Rs. 741.95
crore for the similar quarter of the previous year. The stock hit a high of Rs. 478 and a low of
Rs. 469.05 on BSE today. Total traded quantity on the counter stood at over 2.16 lk shares on
BSE.
✍ Bank of Baroda advances as RBI lifts curb on FII buying - Bank of Baroda is trading on
a positive note near the highs of the day on the back of positive news flow. According to media
reports, the Reserve Bank of India (RBI) has lifted restrictions placed on foreign investors to
buy shares in Bank of Baroda, saying the limit has gone below threshold. The stock is now up
2.3 percent at Rs. 156. The counter has seen trades of around 109,000 shares as against the
two-week daily average volume of around 243,000 shares on the BSE.
✍ RBI grants Banking Licence to IDFC Bank - IDFC Ltd has informed BSE that the
Reserve Bank of India today has granted Banking Licence for undertaking banking business in
India under Section 22(1) of the Banking Regulation Act, 1949. Now, IDFC is up almost 4
percent at Rs. 159, and has seen trades of around 854,000 shares as against the two-week daily
average volume of 379,000 shares.
✍ Tech Mahindra announces partners for Intelligent Electric Vehicle Charging System
Project. - Tech Mahindra Ltd has announced partners for Intelligent Electric Vehicle Charging
System Project. This project is sponsored by Ministry of Energy and funded in part through
Ontaria Smart Grid Fund initiative.
✍ Wockhardt gains after completing inspection - Wockhardt is trading on a firm note on the
BSE in early morning deals, on the back of positive news flow. According to release issued by
the company to the BSE, Wockhardt which was under the scanner of the US Food and Drug
Administration (US FDA), on Thursday said that the American health regulator has completed
inspection of its Nalagarh facility in Himachal Pradesh. The stock rallied to a high at Rs. 1,538,
and is now up over 1.5 percent at Rs. 1,527. The counter has seen trades of around 41,000
shares, as against the two-week daily average volume of 161,000 shares.
✍ Wholesale onion price increase 70% in a month - The Wholesale onion price at
Lasalgoan in Maharashtra has increased up by 70% in just about a month, according to
reports.A report says that the prices in July usually tend to be higher because the supply goes
down.The onion was being sold at Rs. 25.50 per kg in Lasalgoan market, while the retail prices
are in the range of Rs. 35-40 per kg.The government increased the minimum export price
11. (MEP) for the commodity.
✍ Cairn India buyout offer is fair - Vedanta Limited reportedly said that its offer to buy out
minority investors in Cairn India was fair. Vedanta Chief Executive Tom Albanese stated that
the group was engaging with all minority shareholders, though a vote on the $2.3 billion deal
was likely to be held only in the last three months of 2015, says report. "In all cases, with every
shareholder, we have had the engagement, as you would expect we would," Albanese said. The
buyout deal, is the latest effort by Vedanta to simplify a complex structure.
✍ Alstom T&D India Q1 net profit at Rs. 19.6 crore; EBITDA Margin at 7.7% - Alstom
T&D India Ltd has announced the following Unaudited Standalone results for the quarter
ended June 30, 2015. The Company has posted a net profit of Rs. 195.8 million for the quarter
ended June 30, 2015 as compared to Rs. 284.4 million for the quarter ended June 30, 2014.
Total Income has increased from Rs. 6,734.6 million for the quarter ended June 30, 2014 to Rs.
8,117.6 million for the quarter ended June 30, 2015.
✍ Shasun Pharma dips marginally on Madras HC nod for merger - Shasun
Pharmaceuticals surged to a high of Rs. 407 amid reports that the Madras High Court approved
merger of the company with Strides Arcolab. The merger will be effective after Bombay High
Court and FIPB approvals.The stock, however, finally ended 0.5 percent lower at Rs. 392.On
BSE, around 51,000 shares have been registered against two weeks average quantity of 25,000
shares.
✍ Maruti Suzuki launches Nexa retail outler - Maruti Suzuki India, with a vision to sell two
million vehicles annually by 2020, has launched a new initiative called Nexa. These are retail
outlets, which will sell premium products, as Maruti looks to further cement its position as the
largest carmaker in India. As per media reports, company's upcoming S-Cross model would be
the first product to be sold from Nexa outlets. S-Cross will see a launch in the first week of
August, and comes with a price tag of Rs. 10 lakh. Nearly 100 Nexa showrooms will come up
across the country over the next six-eight months.
Top Economy news
The civil aviation ministry is likely to allow domestic airlines to pool their orders to purchase
aircraft. This would reduce costs for carriers because it would help them negotiate better terms
with aircraft manufacturers and bring down the overall associated costs.
Sowing of kharif crops was complete in nearly half the normal area as on Thursday as farmers
having rushed to plant their crops to take advantage of the moisture from the good June
showers. This is much better than in the corresponding period in 2014, when sowing was done
in only 33% area.
12. The BJP government in Maharashtra is exploring option to retires hige cost debt of Rs. 540 bn
of its three unbundled power companies by raising loans at lower interest rate.
With plans to set standards for alcoholic drinks including beer, whisky and rum among others,
central food safety watchdog FSSAI is likely to come out with a draft notification within a few
weeks.
Civil aviation ministry has said it is not planning to cap fares. The ministry which has been
receiving complaints from parliamentarians over unreasonable fare hikes in peak season said it
is not considering a mechanism for capping of airfares to curb predatory pricing.
The Rajya Sabha-appointed select panel on the Goods and Services Tax Bill has suggested that
States be compensated for loss of revenues arising from GST implementation for five years.
The investment of Employees Provident Fund Organisation (into equity markets could go
beyond 5% depending on the response from the initial investment of up to 5%, said Union
Minister for Labour Bandaru Dattatreya.
Nasscom President said that hiring in the IT sector will rise around 6% this year.
The price of onions, a staple that has sparked protests in the past and toppled state
governments, has jumped to its highest in nearly two years and could fuel food inflation as
scant rain delays plantings.
As of May 1, 2015 a total of 758 projects were on the monitor and of these 323 were showing
time overruns against their original dates of commissioning, Minister of State for Statistics and
Programme Implementation V K Singh said in a written reply in the Rajya Sabha.
Realty players fear that the Maharashtra government’s proposal to modify regulations for grant
of transfer of development rights in Mumbai based on road width will adversely impact
redevelopment projects across the city.
Ministry of mines has urged the Finance ministry to take steps to protect the domestic
aluminium industry that is facing a tough time.
India had 25.51 million broadband users in rural areas as compared to 73.69 million subscribers
in urban parts till March 2015, Parliament was.
The government has decided to update the National Population Register (NPR) and seed the
13. Aadhaar number in the NPR database.
The landmark Bill on GST won majority support of the Rajya Sabha Select Committee, which
endorsed almost all the provisions while also agreeing to demands of parties like TMC for a
five-year compensation to States.
Top Corporate News
Tata Motors has earmarked Rs388bn as capital expenditure for the current financial year. This
is an 11.20% increase over the Rs349bn the company had set aside in FY15
HDFC will raise up to Rs850bn crore by issuing NCDs as Tier-II capital in the next 12 months.
PTC India is eyeing increasing the number of medium-term power purchase agreements with
power generators and utilities.
HSIL Limited is entering the consumer products segment to diversify its business into other
product categories.
Mahindra and Mahindra entered the branded food business category with the launch of its
edible oil product through its agri-business division. The company launched the mustard oil
product for the eastern market and will expand it nationally.
Jet Airways announced hefty discounts on its business class fares of its domestic flights.
Maruti Suzuki India plans to hire around 2,500 relationship managers by the end of this fiscal
for its new retail outlets under Nexa brand to sell premium products, starting with its upcoming
S-Cross model.
Reliance Industries has decided to relinquish two gas discoveries off the east coast and opted
to carry out government prescribed confirmation tests to retain three other finds.
Nestle India has alleged that the government laboratories were not equipped to conduct lead
content test and hence a countrywide ban its popular snack Maggi noodles is "illegal".
ONGC Videsh Ltd has lost out on its bid for two oil blocks in Mexico's first licensing round in
88 years.
Sun Pharma expects to take a hit on profit for the fiscal due to the charges related to the
ongoing integration with Ranbaxy Laboratories.
Iran’s proposed new deal on oil exploration may make it attractive for ONGC Videsh Ltd to
develop the discovered Farsi block in the West Asian nation, now open for business with the
West lifting the sanctions.
Hero Motors group has appointed Pankaj Munjal as its Chairman and Managing Director. He
14. will replace Om Prakash Munjal, who led the company for more than 60 years.
RPP Infra Projects said it has won a Rs456mn contract in Chennai for a storm water drain
project.
Reliance Infrastructure led Mumbai Metro One will seek metro operational subsidy from the
state government to keep the fares lower, even as the fare fixation committee has recommended
its revision in the range of Rs 10 to Rs 110 for the over 11-km-long corridor.
Aptech Ltd has announced its partnership with Flipkart to provide skill-building programs to
train the sellers in upgrading their proficiency.
YES Bank has filed an appeal against the Bombay High Court judgment in the YES Bank and
Madhu Kapur case. The court order was made public on June 17 but had been stayed for
operations for a period of five weeks which ends on Tuesday.
Bosch plans to invest Rs4bn in its Chennai facility, which currently manufactures washing
machines.
Force Motors inaugurated its new engine manufacturing and testing facility near Chennai. The
facility will build and test engines and transmission for BMW cars and SUVs made in India.
Aiming for a dominant position in the mass-market sports utility vehicle segment in India,
Hyundai launched Creta with price starting at Rs 8.59 lakh .
The aluminium business of India's Vedanta Ltd has scaled down operations and may make
"huge" job cuts due to low world prices and rising imports.
Tata Power’s plans to sell its 30% stake in Arutmin mine in Indonesia for close to US$500mn
to Bakrie group of Indonesia is delayed due to a crash in coal prices and due to a debt
restructuring plan pending with the lenders.
Bharti Airtel said it has no plans to exit its African operations even as the company has entered
into talks with France-based Orange to sell four subsidiaries in the continent
HCC has been awarded a Rs7.85bn contract by Northeast Frontier Railway in joint venture
with Coastal Projects Ltd.
Indian Hotels Company, run by the Tatas, will open 14 new properties in India and abroad
this year. This will be twice the inventory company is set to open compared to last year.
Tata Power released its strategic intent until the year 2022, which lays emphasis on scaling up
the generation capacity and value-added businesses including services and trading. By 2022,
the company plans to increase the generation capacity from 8,750 MW to 18,000 MW with
20-25% from clean and green sources, 4,000 MW distribution and decentralised distribution of
electricity generation and 10x growth in value-added businesses.
TCS will be setting up a research and development at the International Institute of Information
Technology, Hyderabad with an investment of Rs. 200 mn.
15. Maruti Suzuki India launched retail outlets under Nexa brand to sell premium products as the
company looks to further consolidate its position in the domestic market.
Lupin Ltd said it had agreed to buy privately-held generics company Gavis for US$880mn to
strengthen its presence in its largest market, the United States.
Tata Motors is targeting to nearly treble its exports to about 1.5 lakh units in the next 3-4
years.
Mahindra & Mahindra unveiled a new version of its off-road vehicle Thar at Rs 8.03 lakh
(ex-showroom Nashik).
Sun Pharmaceutical Industries may relegate the manufacturing facility at Paonta Sahib in
Himachal Pradesh for supplies to markets other than the US.
Adani Ports and Special Economic Zone Ltd raised US$650mn via its debut dollar bond
issue and the proceeds will be used to refinance foreign currency denominated debts and fund
capital expenditure.
Mahindra & Mahindra has no plans to foray into commercial aviation space, the company
said in statement.
Glenmark Pharmceuticals launched its “low-cost anti-diabetic” drug to treat Type 2 diabetes,
which it claims will be sold at half the price of similar molecule of competitors.
Adani Ports has launched its debut dollar bond to raise upto US$1.5bn.
Heritage Foods Limited is looking for a potential joint venture with a leading European
company to collaborate on value added dairy products for domestic as well as overseas market.
JSW Energy, part of the JSW Group has tweaked its growth strategy. The company will not
pursue investments in green field projects but go in for the acquisition of stressed power
projects.
Isuzu Motors India launched the automatic variant of its sports utility vehicle MU-7 priced at
Rs 23.9 lakh .
GVK Power & Infrastructure Ltd will seek shareholders nod for an enabling resolution to
facilitate the company raise up to Rs10bn, with a Greenshoe option to retain higher
subscription of about Rs5bn.
Apollo Tyres has launched a new tyre in Indian market that promises to run up to 1 lakh kms
and beyond. Jointly developed at global R&D centres in Chennai and Netherlands, the tyre
Amazer 4G Life is targetted at the mileage conscious customers.
In order to strengthen its motorcycle business in international markets, Eicher Motors MD &
CEO Siddhartha Lal has decided to relocate to the UK for a year, starting next month.
Cyient Limited announced the acquisition of Global Services Engineering Asia, based in
Singapore, from Pratt & Whitney Services Pte Limited. This site provides repairs, development
and validation for aero gas turbine engine components in support of Pratt & Whitney
throughout the region.
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