STOCKS ALERT – 08.07.2014

STOCKS ALERT – 08.07.2014
* AARTI INDUSTRIES: Franklin Templeton Mutual Fund has bought 444,023
shares or 0.50% stake in the company at 231.72 rupees per share.
* ADANI ENTERPRISES: The Competition Commission of India has imposed a
256.7-ml-rupee fine on arm Adani Gas for abusing dominant position. Promoter
Adani Properties has pledged 7.6 mln shares of the company.
* CASTROL INDIA: Has entered into an agreement with Triumph Motorcycles to
supply lubricants and engine oil to Triumph dealerships in India.
* EIH: Has sought shareholder nod to alter the company's memorandum of
association in order to diversify into contracting and project management
consulting operations.
* GREENPLY INDUSTRIES: Has started commercial production of 'laminated
wooden flooring' at the company's unit at Pantnagar, Uttarakhand.
* HINDUSTAN CONSTRUCTION CO: Half of the proceeds from arm Lavasa Corp's
7.5-bln-rupee IPO will flow to a firm owned by the company and its chairman Ajit
Gulabchand.
* ICRA: Posted Apr-Jun consolidated net profit of 218.02 mln rupees, up 31.53%
on year and net sales of 682.09 mln rupees, up 16.72% on year.
* IDFC: Is in talks with buyers to sell two IT parks but is yet to enter a binding
agreement.
* INDO AMINES: Has decided to close its associate company, Indo Amines
(Europe), with effect from Jun 30, 2014.
* INDO CREDIT CAPITAL: Board has approved the Gold Loan Segment as a
Finance Company.
* KEC INTERNATIONAL: Is seeking shareholder approval to raise non convertible
debentures worth up to 1 bln rupees through private placement.* KOTAK MAHINDRA BANK: Abu Dhabi Investment Authority has sold 4.81 mln
shares or 0.62% stake in the company at 874.55 rupees per share.
* LARSEN & TOUBRO: Has received a 45-mln-rupee order jointly with Dhabriya
group to provide windows and doors for DLF's luxury home project in Chennai.
* MARICO: Has sought shareholder approval at its annual general meeting on Jul
30 to issue non-convertible debentures worth up to 3 bln rupees.
* MUTHOOT FINANCE: Has launched "Muthoot Advantage Loan" scheme that
offers 75% of gold value to customers at an initial interest rate of 18%.
* NETWORK18 MEDIA AND INVESTMENTS: RELIANCE INDUSTRIES'
Independent Media Trust has completed acquisition of the company, including
that of its subsidiary TV18 BROADCAST.
* NHPC: Has recommended a final dividend of 0.30 rupee/share for the financial
year 2013-2014.
* NMDC: Will pay 12.1 mln Australian dollars to subscribe to a rights issue by
Legacy Iron Ore.
* OIL AND NAUTRAL GAS CORP: The government may divest 5-10% stake in the
company that could raise up to 350 bln rupees.
* REI AGRO: Promoter Aspective Vanijya has cut its stake in the company to
15.72% from 16.47% between Jun 25 and Jul 1 through open market.
* RELIANCE INDUSTRIES: Is looking to expand cooperation with South Korean
information technology firms in the mobile technology sector. Former finance
secretary Sarma has written a letter to Justice. Barucha asking the latter to
recuse himself from the arbitration proceedings in the company's Krishna- Godavari Basin D6.
- Reliance Jio Infocomm has signed an agreement to share 500 towers of
Videocon Telecom in Uttar Pradesh (east and west), Bihar, and
Jharkhand. Reliance Industries' gas reserves in the Krishna-Godavari Basin may
hit 45-50 mscmd in the next five years. The company's attempt to push for an
early gas price hike has hit a hurdle as the oil ministry has asked the arbitral
panel not to initiate process until the government cross checks all case
documents.
* RELIANCE INFRASTRUCTURE: The company's arm Mumbai Metro One has cut
its ticket fares to 10-20 rupees from 10-40 rupees earlier.* RELIANCE POWER: Chairman Anil Ambani met Andhra Pradesh Chief Minister
seeking revival of the group's stalled 3,960-MW ultra-mega power project at
Krishnapatnam.
* SUNDARAM FINANCE: Has got shareholder nod to raise up to 55 bln rupees
through non-convertible debentures on a private placement basis.
* TATA GLOBAL BEVERAGES: Starbucks-TATA joint venture to enter Chennai
market today, with the launch of three outlets in the city.
* TATA MOTORS: To issue fixed-deposits to the public and shareholders to fund
operations.
* TATA TELESERVICES: Has signed a pact with Google's YouTube and Apalya
Technologies to launch a video data plan called "YouTube Recharge" for its 3G
prepaid users.
* TITAGARH WAGONS: The open offer of the company to acquire 5.05 mln
shares of CIMMCO will open on Friday and close on Jul 24.

STOCKS ALERT – 04.07.2014

STOCKS ALERT – 04.07.2014
* ABAN OFFSHORE: Has issued 10.78 mln shares to qualified institutional buyers
at an issue price of 695.50 rupees per equity share, which is at a discount of
36.47 rupees per share.
* AKZO NOBEL INDIA: Has formally inaugurated a new laboratory facility at its
Thane site.
* AMTEK AUTO: Citigroup Global Markets Mauritius sold 2.07 mln shares or
0.95% stake in the company at 255.93 rupees per share.
* ANSAL PROPERTIES AND INFRASTRUCTURE: Is set to raise 4 bln rupees from
Peninsula Brookfield Investment Managers.
* ARIES ARGO: Templeton Stock Growth Pvt Ltd Thursday sold 135,699 shares
or 1.04% stake in the company at 86.7 rupees per share.
* BHARTI AIRTEL: Foreign institutional investors and registered foreign portfolio
investors can invest up to 74% in the company under Portfolio Investment
Scheme.
* CAIRN INDIA: Has signed up US-based Halliburton Co for a 12-bln-rupee
contract to drill 100 wells at the Rajasthan onland block RJ-ON-90/1 over the
next 18 months.
* DHANLAXMI BANK: Has received its shareholders' approval to issue equity
shares worth 1.99 bln rupees through preferential allotment.
* FORCE MOTORS: Has sold 1,083 units of light commercial vehicles in June, up
2.26% from the corresponding period a year ago.
* GLENMARK PHARMACEUTICALS: Swiss arm has completed phase-I trials of its
novel monoclonal antibody, named GBR 830, and filed applications in
Netherlands to begin human trials.
* GREAT EASTERN SHIPPING CO: Has inked a pact to sell its very large gas
carrier 'Jag Vidhi'.* GVK POWER AND INFRASTRUCTURE: The Gujarat government plans to seek
fresh bids to develop coal and liquefied natural gas terminals at Okhamadhi port
as the company is yet to start work on the project.
* HATSUN AGRO PRODUCT: Commenced commercial production at dairy plant in
Poolam village in Tirunelveli with effect from Jul 1, 2014.
* HINDALCO INDUSTRIES: Plans to raise $500 mln through qualified institutional
placement of equity shares and will use the funds primarily to reduce debt.
* HINDUSTAN UNILEVER: Plans to focus on increasing sales in existing stores
rather than pushing for wider distribution, Managing Director Sanjiv Mehta said.
* HOUSING DEVELOPMENT INFRASTRUCTURE: Standard Chartered Bank
(Mauritius) bought 2.95 mln shares or 0.70% stake in the company at 102.25
rupees per share.
* INDRAPRASTHA GAS: The Supreme Court will hear on Friday the Petroleum
and Natural Gas Regulatory Board's plea seeking directions to the company to
disclose break-up of the maximum retail price charged by them.
* LANCO INFRATECH: Is in talks with some strategic investors for selling stake in
its thermal projects, and due diligence for the same is in process.
* NETWORK18 MEDIA AND INVESTMENTS: Founder Raghav Bahl, who resigned
on May 29 after RELIANCE INDUSTRIES took control of the company, is likely to
return as a director.
* NMDC: Has rolled over the prices of lump ore and fines to July, keeping lump
ore at 4,600 rupees per tn and fines at 3,160 rupees per tn.
* RANBAXY LABORATORIES: Is developing a new greenfield manufacturing unit
in Nigeria to address some of the supply constraints in the country.
* RELIANCE INFRASTRUCTURE: Arm BSES Yamuna Power is "actively exploring"
various avenues to make payments as directed by the Supreme Court.
* SESA STERLITE: Has said even though mining could resume in Goa by
September, the current global price for the resource, and India's duty structures
would make operations commercially unviable.
* SHIPPING CORP OF INDIA: Has sold its entire stake in joint venture SCI
Forbes to G.S. Enterprises.* SIEMENS: Has sold a land parcel worth 3.45 bln rupees in Bengaluru.
* SML ISUZU: Sold 1,443 units in June, up 9.3% year-on-year.
* STATE BANK OF INDIA: Chairman Bhattacharya said the bank's asset quality
issues should be resolved as the macroeconomic environment improves. Is
working on creating a roadmap for merger of associate banks in the next three
to four months. The bank's farm loan portfolio has seen a rise in defaults on
plans for an agriculture debt waiver scheme in Telangana and Andhra Pradesh.
* STEEL AUTHORITY OF INDIA: The government is likely to sell a 5% stake in
the company in the last week of this month.
* TATA MOTORS: Arm Jaguar Land Rover has recalled 70 model-year 2013
Jaguar XJ vehicles. Shareholders have refused to accept the company's
proposals on remuneration to two senior officials, and to pay the excess
remuneration for 2013-14 (Apr-Mar) to Karl Slym's legal heir.
* TATA STEEL: To invest 130 bln rupees on the first phase of its Kalinganagar
unit in Odisha over the next two-three years.

STOCKS ALERT – 03.07.2014

STOCKS ALERT – 03.07.2014
* APOLLO TYRES: Board has approved increasing foreign institutional investors
investment limit in the company to 45% from 40%. The company will seek
shareholders' approval for private placement of non-convertible debentures of 5
bln rupees and raising of up to $200 mln through issue of securities. The board
has approved the proposal to expand the truck and bus radial tyre capacity at its
Chennai plant to 8,900 tyres per day from 6,000 tyres per day. The company
plans to invest $340 mln to expand its plants in Kerala and
Chennai.
* CASTROL: Said it is not aware of promoter's current plan to delist company
shares from exchanges.
* CADILA HEALTHCARE: Has sought shareholders approval to raise up to 3.5 bln
rupees through secured, redeemable, non-convertible debentures, in one or
more tranches during 2014-15 (Apr-Mar).
* DLF: The Chief Secretary of Kerala has submitted a report in the state
assembly pointing to large-scale violations by the builder in a project in Kochi.
* GAMMON INDIA: Shareholders have approved the company's proposal to issue
346.9 mln shares at 27.05 rupees each to promoters and their affiliates on
preferential basis.
* GAMMON INFRASTRUCTURE: The board has approved the issue and allotment
of up to 180 mln warrants entitling 180 mln equity shares of 1 rupee each under
preferential allotment to promoters.
* GMR INFRASTRUCTURE: Promoter has got pledge released on 5 mln shares of
the company on Jun 30. Has launched a qualified institutional placement of
shares at a floor price of 33.14 rupees per share. Promoters plan to increase
their stake in the company by infusing 6 bln rupees through warrants.
* HERO MOTOCORP: Has sold 541,594 vehicles in June, up 8% on year.
* HOUSING DEVELOPMENT AND INFRASTRUCTURE: Has put its nearly 1 mln sq
ft commercial complex at Kurla in Mumbai on the block to cut debt.* IDBI BANK: Shareholders have approved raising up to 40 bln rupees through
shares.
* IDFC: Will seek shareholders nod to raise up to 800 bln rupees by issuing
various non-convertible securities including debentures and commercial papers.
* IL&FS TRANSPORTATION NETWORKS: Shareholders have approved the
company's proposal to increase its borrowing limit to 60 bln rupees from 50 bln
rupees.
* INNOVENTIVE INDUSTRIES: Corporate Debt Recast Empowered Group has
approved the proposal of Corporate Debt Restructuring of the company.
* JET AIRWAYS INDIA: Has appointed Subodh Karnik as its chief operating
officer.
* JSW ENERGY: Is set to acquire LANCO INFRATECH'S 1,200 MW Udupi power
plant in Karnataka for around 57 bln rupees.
* MODERN INDIA: Eriska Investments Fund has bought 230,000 shares, or
0.61% stake, in the company at 52.5 rupees a share.
* PURAVANKARA PROJECTS: Has completed sale of its 362,600 shares in Keppel
Magnus Development for 322 mln rupees.
* PRIME FOCUS: The Anil Ambani-promoted Reliance group has announced
plans to combine the global film and media services business of Reliance
MediaWorks with the company.
* RASHTRIYA CHEMICALS AND FERTILIZERS: To seek shareholder approval to
raise borrowing limit.
* RELIANCE CAPITAL: Is engaged in exploratory and non-binding talks with
Sumitomo Mitsui for various initiatives in banking and others.
* RELIANCE COMMUNICATIONS: Has raised 48.08 bln rupees by selling 338.3
mln shares to qualified institutional buyers at 142.14 rupees a share. The
Telecom Disputes Settlement and Appellate Tribunal has quashed a penalty of
720 mln rupees imposed on the company for delayed submission of customer
acquisition forms in Madhya Pradesh in 2011-12. The company has initiated the
process to monetise its real estate assets across the country, aiming to raise 50
bln rupees, and will use the proceeds to part-repay its debt.* SHARON BIO-MEDICINE: Company's board has approved warrant to promoter
at a premium.
* SPECIALITY PAPERS: Company will mull stock split on Jul 4.
* STEEL AUTHORITY OF INDIA: Has finalised the wage settlement for more than
92,000 non-executive employees and the salary revision will be effective from
Jan 1, 2012.
* TATA MOTORS: Has sold 219 units of Jaguar Land Rover vehicles in India in
June, versus 223 units sold a year ago.
* TECH MAHINDRA: Has signed an agreement with Saudi Arabia's Midad Holding
to form a 51:49 joint venture company.
* TULIP TELECOM: J.P. Morgan Securities Ltd A/C Copthall Mauritius Invest sold
800,000 shares or 0.55% stake in the company at 4.20 rupees per share.
* TVS MOTOR CO: Has sold 202,177 vehicles in June, 23% higher than the
corresponding period a year ago.
* UNITED SPIRITS: Diageo has completed the purchase of 37.78 mln shares of
the company, representing 26% additional stake, for 114.49 bln rupees.
* VIJAYA BANK: Will cut rates for 46-day to 1-year deposits of 10 mln rupees
and above by 5-50 basis point with effect from Thursday.
* VISA STEEL: Has decided to sell substantial stake in its speciality steel
business, and merge with itself its ferrochrome producing joint venture with
China's Shanghai Baosteel Group Corp

STOCKS ALERT – 30.06.2014

STOCKS ALERT – 30.06.2014

* ADANI POWER: Gujarat High Court has issued notices to the company and
ADANI PORTS AND SPECIAL ECONOMIC ZONE on a petition alleging violation of
environment norms by the companies.
* CADILA HEALTHCARE: Has lost rights to market Borhringer Ingelheim's
dulcolax and Buscopan brands after talks to renew contracts failed.
* COAL INDIA: Power and Coal Minister Piyush Goyal has said that the
government has no plans on splitting the company. There has been a temporary
withdrawal of an indefinite strike at the company's Talcher coalfields.
* DABUR INDIA: The company plans to focus more on the chemist network to
increase sales of its personal and healthcare products.
* DEWAN HOUSING FINANCE CORP: Arm DHFL Vysya Housing Finance will offer
15-year rural housing loans of up to 1.5 mln rupees at 9.35% interest rate.
* DR REDDY'S LABORATORIES: Has nine new drugs in different areas, including
metabolic disorders, psoriasis, migraine, at the clinical development stage.
* GAIL INDIA: Will suffer nominal loss due to the fire at its gas pipeline in
Andhra Pradesh. Has suspended two senior officials of its Andhra Pradesh office
after a fire caused by a possible leakage in an underground gas pipeline killed 19
and injured several others.
* INDUSIND BANK: Has shortlisted four executives to succeed Managing Director
and Chief Executive Officer Romesh Sobti.
* INFOSYS: Another senior official of the company, head of computers and
communications division K. Murali Krishna, has quit.
* INOX LEISURE: Is in talks to buy Satyam Cineplexes in a transaction that may
be valued at 2.20 bln rupees.
* KESORAM INDUSTRIES: May sell its profit making tyre division as part of a
reorganisation exercise aimed at reducing debt.* L&T FINANCE HOLDINGS: Will seek shareholders' approval to issue cumulative
non-convertible redeemable preference shares worth 10 bln rupees.
* OIL AND NATURAL GAS CORP: Board has approved re-development of its
offshore field Mumbai High (North) with investment of 57.06 bln rupees. Moody's
Investors Service has assigned a provisional Baa2 rating to the proposed foreign
currency senior unsecured bonds issue of ONGC Videsh.
* OMAXE: The company plans to raise 3 bln rupees this financial year through
sale of equity to fund existing and future projects.
* PRESTIGE ESTATES PROJECTS: Has sought shareholders' approval to increase
its borrowing limit to 40 bln rupees and also raise funds via issue of up to 25 mln
shares.
* RELIANCE COMMUNICATIONS: Has raised 48.08 bln rupees through qualified
institutional placement of 338.29 mln shares at 142.14 rupees each.
* RELIANCE INDUSTRIES: The Comptroller and Auditor General has rejected
telecom department's stand allowing the company's arm to offer voice services
using broadband spectrum. The company has strongly dismissed allegations by
CAG and said that its telecom subsidiary Reliance Jio has followed rules laid out
by the government from time to time. The company along with its partner
British Petroleum plans to invest 8 bln rupees to carry out exploratory drilling in
an offshore block in the Bay of Bengal.
* RELIANCE POWER: The Coal Ministry has sought the Finance Ministry's view on
whether the company can be allowed to mortgage coal blocks linked to the
Sasan ultra mega power plant to raise debt.
* SPICEJET: Has introduced a low-fare scheme with all-inclusive air fares starting
at 1,999 rupees for tickets booked till Jun 30, and was followed by rival IndiGo
which announced all-inclusive air fares priced between 1,499 rupees and 3,999
rupees
* TATA CONSULTANCY SERVICES: Management says the company is well- positioned against competitors across verticals and is optimistic of getting better
growth opportunities in FY15.

STOCKS ALERT – 26.06.2014

STOCKS ALERT – 26.06.2014
* ANJANI PORTLAND CEMENT: Chettinad Cement Corp has made an open offer to
acquire 4.78 mln shares of the company at 61.75 rupees per share.
* ASHOK LEYLAND: Plans to raise up to 7 bln rupees through the qualified
institutional placement route.
* COAL INDIA: Has blamed NTPC Kaniha for failing to lift the required quantity of
coal from the sidings. Hence, COAL INDIA arm Mahanadi Coalfields is exploring
alternatives to liquidate piling stock. Additional Secretary A.K. Dubey has been
appointed as chairman of the company for three months with immediate effect .
* COAL INDIA: Is blaming NTPC Kaniha for failing to lift the required quantity of coal
from the sidings, arm Mahanadi Coalfields is exploring alternatives to liquidate piling
stock. Additional secretary A.K. Dubey has been appointed as chairman for three months
with immediate effect .
* CROMPTON GREAVES: Along with Iemants and Fabricom has secured an order
worth over 150 mln euro (around 12.30 bln rupees) from the Netherlands-based Van
Oord for an offshore wind project.
* FINANCIAL TECHNOLOGIES INDIA: Has appointed Sharp & Tanna as statutory
auditors and VP Mehta & Co as internal auditors.
* HDFC BANK: Managing Director Aditya Puri has said the bank does not require any
capital right now, but has still taken an enabling resolution to raise 100 bln rupees.
* HINDALCO INDUSTRIES: Rating agency CRISIL has cut its rating on the company's
long-term rating to debt rating to AA/Stable from AA+/Stable with a stable outlook,
saying that the company's operating profit may take longer to improve.
* HERO MOTOCORP: Has welcomed the extension of reduction in the excise duty on
vehicles until Dec 31, but said it wished the extension would have been until March
2016.
* JSW ENERGY: May be looking to acquire LANCO INFRATECH's 1,200 MW
thermal power plant in Udipi, Karnataka.* JSW STEEL: Welspun Group is set to sell off Welspun Maxsteel to JSW STEEL at a
loss of equity worth 3 bln rupees, after which JSW STEEL will take over the 11 bln rupee
debt of the company and free all the guarantees given by the Welspun group to banks.
* JUBILANT FOODWORKS: Has launched 10 new pizza products under the Domino's
Pizza brand.
* MAN INFRACONSTRUCTION: Board has approved 5-for-1 stock split.
* MCLEOD RUSSEL INDIA: The company's arm Phu Ben Tea Co has signed an
agreement with Ngoc Hai Co for acquisition of tea factory at Doan Hung in Vietnam.
* MINDTREE: President, Chief Technical Officer and Executive Director S.
Janakiraman sold 30,000 shares of the company at 910.03 rupees per share through the
open market on Wednesday.
* MULTI COMMODITY EXCHANGE OF INDIA: Gold dealer RiddiSiddhi Bullion has
claimed 1 bln rupees in damages from the company and audit firm
PricewaterhouseCoopers each for causing harm to its reputation.
* NESTLE INDIA: Flagship brand Maggi noodles is working on a plan to launch oats
noodles to regain the market share it has lost to healthier alternatives, newer entrants, and
snacks like potato fries.
* NTPC: May revive its 4,000 MW coal-fired thermal power plant in Andhra Pradesh.
* NRB BEARINGS: Sundaram Mutual Fund has bought 930,071 shares, representing
0.96% stake, of company at 83 rupees per share.
* OIL AND NATURAL GAS CORP: Wants international oil crude oil prices for produce
from its marginal fields, and for the producing fields wants close to $65 a barrel after
extending discounts to public sector oil retailers.
* OMNITECH INFOSOLUTIONS: Mario Oscar Francis Lobo has bought 132,877
shares, or 0.89% stake, of the company at 12.75 rupees per share.
* RELIANCE COMMUNICATIONS: Has raised around 48 bln rupees through qualified
institutional placement.
* TATA STEEL: Has no plans to import iron ore to feed its steel manufacturing factories
and will rely on domestic production from its captive mines or NMDC.
* WIPRO: The Competition Commission of India has rejected allegations that the
WIPRO-General Electric joint venture Wipro GE Healthcare had abused its
dominant market position with respect to sale and repair of medical equipment.

DAILY STOCKS ALERT – 19.06.2014

STOCKS ALERT – 19.06.2014
* CIPLA: The company may be the industry's next target in a record run Of takeovers; it
has almost doubled the number of treatments under development in the past year and
analysts project its revenue will surge 60% by 2017.
* COAL INDIA: Supplies from the company have dwindled in June to fertiliser and
cement companies.
* CROMPTON GREAVES: The company has put up a part of its land parcel at LBS
Marg in the eastern suburbs of Mumbai for sale and the deal is likely to be
announced in seven to 10 days.
* ENGINEERS INDIA: The company has won its largest ever consultancy contract for a
20-mln-tonne oil refinery in Nigeria.
* GVK POWER AND INFRASTRUCTURE: Bangalore Airport has decided to offer
sopsto new airlines.
* HANUNG TOYS & TEXTILES: The company's corporate debt restructuring plan has
been approved by the corporate debt recast cell.
* HINDUSTAN CONSTRUCTION CO: The company has secured around 5-bln rupees
of additional claims as part of its efforts to settle claims with customers,
mostly government authorities.
* HINDUSTAN PETROLEUM CORP: CRISIL has reaffirmed AAA rating on the
company's long-term debt with a negative outlook.
* HINDUSTAN ZINC: Twelve years after the government sold its stake in the company
to Vedanta Group during the previous NDA rule, public interest litigation has been filed
in the Supreme Court seeking quashing of the deal.
* ICICI BANK: Non-Executive Chairman Kundapur Vaman Kamath today sold 50,000
shares of the bank for 72.28 mln rupees.
* KOTAK MAHINDRA BANK: Foreign institutional investors would require the
approval of the Reserve Bank of India to buy more shares of the bank as foreign
shareholding in the bank has reached the trigger limit.* MT EDUCARE: The company's arm has partnered Sri Gayatri Educational Society, a
leading educational institution in Andhra Pradesh and Telangana.
* NTPC: The company and Jammu & Kashmir State Power Development which have
been jointly allocated coal block in Odisha, may form a joint venture agreement to
develop the mine by this month end.
* ORBIT CORP: Promoter Ravi Kiran Aggarwal had cut stake in the company to 8.11%
from 8.19%.
* PATEL ENGINEERING: The company's Jan-Mar net profit rose 10.41% on year to
160.1 mln rupees, and total income fell 26.75% to 8.86 bln rupees.
* RELIANCE COMMUNICATIONS: Will announce an investment plan for Global
Cloud Xchange, formerly called Reliance Globalcom. The company is looking to raise
$400 mln by selling shares to institutional investors.
* RELIANCE INDUSTRIES: Shareholders approved appointment of Chairman Mukesh
Ambani's wife Nita to the board of directors of the company.
* RELIGARE ENTERPRISES: Arm Religare Finvest is planning to raise up to 2 bln
rupees through non-convertible debentures.
* SEQUENT SCIENTIFIC: Board of directors has approved raising up to 4 bln rupees
through equity.
* SESA STERLITE: The company has identified sourcing bauxite for its aluminium
operations and resumption of mining in Goa as some of the top priorities for the current
fiscal.
* TATA MOTORS: The company is considering a sponsored American Depository
Receipts issue after large shareholders with differential voting rights sought an exit
through the US bourses.
* TATA STEEL: Moody's Investors Service has affirmed the ratings of the company and
Tata Steel UK Holdings and maintained the negative outlook on both companies' ratings.
* UNITED SPIRITS: Lenders of Kingfisher Airlines Ltd have invoked pledge on 3.15
mln shares of the company offered as collateral by the promoters.
* WHIRPOOL OF INDIA: The company is targeting up to 12% growth in turnover at 37
bln rupees in the current financial year on the back of new product launches.

DAILY STOCKS ALERT – 18.06.2014

STOCKS ALERT – 18.06.2014
* COAL INDIA: The company may take a majority stake in a railway project in
Mozambique, which will help the company to transport coal from its mines to
the nearest port.
* ESSAR SHIPPING: Leman Management, through Leman Diversified Fund, today
bought 3.8 mln shares of the company at 25 rupees per share on the National Stock
Exchange and the BSE.
* GATI: The company plans to sell a minority stake to fund expansion.
* GUJARAT FLUOROCHEMCIALS: The company's subsidiary, Inox Wind, bagged
9-bln-rupee order for a 170 MW project in Madhya Pradesh.
* Hero MotoCorp: Aberdeen Asset Management Asia has sold 117,000 shares, or
0.12% stake, of the company on Jun 11.The company plans to set up a plant in South
India to cater to the domestic market and take its overall annual capacity to 12 mln units.
* HINDUSTAN MOTORS: The West Bengal government has asked the management to
submit a detailed package for its closed Uttarpara plant in the next two days.
 The company agreed to clear the back wages of employees at its Uttarpara plant.
* Jaypee Infratech: The environment ministry is meeting officials from Haryana and
Uttar Pradesh in order to resolve the real estate logjam in Noida affecting the company.
* KINGFISHER AIRLINES: India Global Competitive Fund has invoked pledge on
59.15 mln, or 7.31% stake, of UNITED BREWERIES HOLDINGS in the company.
* KOTAK MAHINDRA BANK: Will seek shareholders approval to hike investment
limit for foreign institutional investors in the bank to 40% from 37% at its annual general
meeting on Jul 16. The company will seek shareholder approval to re-appoint Uday
Kotak.
* LANCO INFRATECH: The Karnataka Government is mulling legal action against
the company's 1,200 MW Udipi Power Corp if it does not resume power generation.
* LUPIN: Teva Pharmaceutical Industries has reached settlements with the company and
three other companies for selling the generic version of Nuvigil.* MOSER BAER INDIA: Arm Moser Baer Solar has commissioned a 32.2 MW solar
plant in Gujarat. * MAHANAGAR TELEPHONE NIGAM: The government will initiate steps to revive
the company and Bharat Sanchar Nigam Ltd.
* MAHINDRA & MAHINDRA: Is considering building a manufacturing plant in
Brazil to get around tariff barriers recently introduced by the South American country,
Executive Director and President Pawan Goenka said.
Is developing a new utility vehicle for India and other global markets at its newly set up
Mahindra North American Technical Centre in Detroit, US and the vehicle is likely to be
launched in 2017.
* NATIONAL FERTILIZERS: The government has sold 1.4 mln shares in the company
to employees on Jun 10 for 36 mln rupees.
* POWER: Private producers have sought power minister Piyush Goyal's intervention to
ensure that the tendering for Odisha and Tamil Nadu ultra-mega projects is put on hold
pending a comprehensive review of bidding norms.
* PUNJAB NATIONAL BANK: Chairman and Managing Director K.R. Kamath said
interest rates are unlikely to come down in the next two-three months.
* RAILWAYS: Railway Ministry is likely to announce 100% foreign direct
investment and more investor friendly public-private-partnership model for
the sector in the railway budget.
* SOLAR INDUSTRIES INDIA: Is seeking shareholder approval to enter into the
projects business, wherein the company will undertake turnkey contracts on build-own- operate-transfer basis from government or private parties.
* STEEL AUTHORITY OF INDIA: The government may sell 5% stake in the company
for nearly 20 bln rupees and final decision is expected next week.
* VAKRANGEE: The company is looking to raise 6-6.5 bln rupees from institutional
investors.
* VA TECH WABAG: The company will increasingly operate its overseas
businesses out of India to take advantage of lower costs at higher margin

DAILY STOCKS ALERT – 17.06.2014

STOCKS ALERT – 17.06.2014

* ALSTOM T&D INDIA: Has elected Michel Augonnet as chairman of the company,
with effect from Jul 1.

* BRITANNIA INDUSTRIES: The company's marketing head Anuradha Narasimhan
has resigned from the company to join a consumer-goods start up. * DISHMAN PHARMACEUTICALS AND CHEMICALS: HDFC Standard Life
Insurance Co sold 242,218 shares, representing 0.30% stake, of the company on Jun 10.

* FINANCIAL TECHNOLOGIES INDIA: The special court has adjourned the hearing
in bail application of company's Chairman and Chief Executive Jignesh Shah to Jun 18.

* GAIL INDIA: The company issued an ultimatum to domestic consumers such as power
projects and fertiliser plants to finalise their fuel purchases by June-end as it is unable to
find buyers for six mln tonnes of liquefied natural gas already contracted with US
suppliers.

* GRANULES INDIA: The company's paracetamol manufacturing facility in Andhra
Pradesh has passed an inspection by the US health regulator.

* HINDUSTAN PETROLEUM CORP: The company might sign a fresh memorandum
of understanding with the Rajasthan government in an effort to revive its 372.30-bln
rupees refinery-cum-petrochemical complex plan in Barmer district.

* HINDUSTAN ZINC: SEBI is likely to modify the existing rules for 'offer for sale' and
enable the government to sell its stake in the company, where it is not a promoter,
through the route, said a senior finance ministry official.

* HOUSING DEVELOPMENT FINANCE CORP: Vice-Chairman and Chief Executive
Officer Keki Mistry and Managing Director Renu Karnad sold shares of the company last
week.

* INDIAN HOTELS: The company plans to launch 12 new properties in this financial
year and expand its global footprint.* INFOSYS: The company has proposed a 50-MW solar park in Karnataka and is likely to invest 3.6-3.8 bln rupees in the project.

* IRB INFRASTRUCTURE DEVELOPERS: The company has denied having been told
by the Maharashtra government to halt toll collection in Kolhapur until a committee of
the Maharashtra State Road Development Corp submits its report.

* KNR CONSTRUCTIONS: DSP BlackRock has bought 334,978 shares, or 1.19%
stake, of the company at 185 rupees a share.

* LARSEN AND TOUBRO: Telangana chief minister K Chandrasekhar Rao's
suggestion to the L&T Hyderabad metro rail project to tweak the alignment in a couple of
congested business suburbs and a busy road may have far reaching implications on the
project.

* LUPIN: The company is seeking to build its business in Europe by acquiring generics
manufacturers for as much as $1 bln.

* NTPC: The company has requested the government to consider waiver of 1.39 bln
rupees bank guarantees for delays in developing Jharkhand mine as it said the mine is at
an advanced stage. The company has moved Supreme Court seeking its approval to go
ahead with construction of a 171 MW power project in Uttarakhand.

* OIL AND NATURAL GAS CORP: The company may raise its stake in CAIRN
INDIA's Rajasthan block as a condition for agreeing to allow Cairn operate the block
after expiry of contractual period. Bharatiya Janata Party being in power both at the
Centre and in Gujarat may pave the way for an amicable out-of-court dispute between the
company and the state government over the quantum of royalty.

* PONNI SUGARS (ERODE): GHI LTP has bought 139,450 mln shares, representing
1.62% stake, of the company, at 155 rupees per share.

* REI AGRO: The lenders, who have exposure of 40-bln-rupees to the company are
considering taking the firm to corporate debt restructuring cell.

* RELIANCE COMMUNICATION: The company is tying up with RELIANCE
INDUSTRIES' Reliance Jio for a pan-India intra-circle agreement, straddling the 800- MHz and 2,100-MHz bands.

* SESA STERLITE: Will continue to focus on buying out minority stakes of
shareholders in its subsidiaries.

* TATA STEEL: The Orissa High Court has passed an interim order restraining the state
government from taking a final decision on the grant of renewal of the company's mining
licence for chromite mines till Jun 19. The company has restructured its sales andmarketing set-up for India in a manner that has helped it maintain volumes amid a generally sluggish domestic market.

* TRENT: Tesco in equal partnership with the company is working on opening six to
eight new stores in Maharashtra and Karnataka under three of its formats in this financial
year.

* VIJAYA BANK: The company plans to raise about 6 bln rupees capital.

* ZEE ENTERTAINMENT ENTERPRISES: Shareholders have approved merger of
Diligent Media Corp's media business undertaking with the company.

DAILY STOCKS ALERT – 13.06.2014

STOCKS ALERT – 13.06.2014

* ALSTOM INDIA: Global firms Hitachi, Mitsubishi Heavy Industries and
Siemens AG may place a joint bid for the energy assets of the company's
French parent.

* BANK OF INDIA: Will seek approval from shareholders to raise up to 57.45
bln rupees through issuance of securities at its 18th annual general meeting on
Jul 10.

* BINNY: Board has deferred its decision on rights share issue.

* CHOLAMANDALAM INVESTMENT AND FINANCE CO: Plans to raise
300 mln rupees through issuance of bonds maturing in 18 months and two
years.

* CENTRAL BANK OF INDIA: Board has approved issue of 71.07 mln equity
shares to Life Insurance Corp on preferential basis.

* CIPLA: Hoffman La Roche and the company are in talks to settle the patent
battle in India over the former's lung cancer drug Tarceva (Erlotinib), on
"mutually agreeable terms".

* DEWAN HOUSING FINANCE: Shareholders have approved issuance of
securities on private placement basis.

* EDELWEISS FINANCIAL SERVICES: Investor Rakesh Jhunjhunwala
bought 10 mln shares of the company at 55 rupees per share.

* GUJARAT NRE COKE: Lenders invoked pledge on 10 mln shares between
May 25 and Jun 11.

* HERO MOTOCORP: Bain Capital to sell 4.29% stake in the company
through block deal.

* HINDUSTAN UNILEVER: Two senior executives--Samardeep Subandh and
Ambarish Bandyopadhya--have quit the company's modern trade division in
recent weeks.

* IDEA CELLULAR: Allotted 38% shares through qualified institutional
placement to domestic investors and 62% to foreign investors.

* INDIAN OVERSEAS BANK: Will require 35 bln rupees to meet its tier-I
capital level under Basel III norms for 2014-15 and has requested the
government to infuse the same amount.

* JAIPRAKASH POWER VENTURES: Promoter pledged 225.16 mln shares
of the company on Jun 5.

* MAHINDRA & MAHINDRA: Pawan Goenka, executive director and
president - automotive and farm equipment sectors, sold 14,040 shares of the
company on Jun 6.

* OIL & NATURAL GAS CORP: Is seeking a higher retention price of at least
$65 a barrel for crude oil produced from small and marginal fields.

* RELIANCE INFRASTRUCTURE: The Maharashtra Government may
terminate its technical and commercial pact with the company's arm for the 32- km Charkop- Bandra-Mankhurd Metro-II elevated project owing to changes in
the scope of work for Metro-II line as it is now converted to underground, and
extends up to Dahisar.

* RURAL ELECTRIFICATION CORP: Plans to raise at least 5 bln rupees
through issuance of bonds maturing in five years.

* STEEL AUTHORITY OF INDIA: Six people, including three senior
officials, were killed and six people were injured in a gas leak at the company's
flagship Bhilai Steel Plant on Thursday.

* SPICEJET: Plans additional flights on four of its domestic routes from
Sunday.

* SOUTHERN ISPAT AND ENERGY: Board has approved 10-for-1 stock
split STEEL AUTHORITY OF INDIA: Steel Minister Narendra Singh Tomar has
approved 17% wage hike for 85,000 employees of the company.

* TATA MOTORS: Group global wholesale sales fell 5.1% on-year to 77,575
units in May.

* ZEE LEARN: The Essel Group-promoted company is in talks to sell stake in
a bid to raise 3 bln rupees.

DAILY STOCKS ALERT – 11.06.2014

STOCKS ALERT – 11.06.2014
* AGRO TECH FOODS: Has opened its first peanut butter making unit in
Jhagadia, Gujarat.
* AKSH OPTIFIBRE: The company's arm has commissioned its
manufacturing unit in Dubai's free zone.
* COAL INDIA: Has decided to amend its memorandum of association in
order to foray into the business of producing fertilisers and chemicals using
coal gas.
* CROMPTON GREAVES: Has won an order to supply 750,000 smart meters
to Spanish utilities company Gas Natural Fenosa.
* DHANLAXMI BANK: Has sought shareholders' approval to raise 1.99 bln
rupees by issuing 43.9 mln shares at 45.55 rupees per share.
* GULSHAN POLYOLS: Has commissioned its precipitated calcium
carbonate plant at ITC's paper manufacturing unit in West Bengal.
* IDEA CELLULAR: Has entered into a two-year pact with INDIAN OIL
CORP to provide end-to-end customer solutions such as booking for gas
cylinder refills to sending text message updates on billing and delivery.
* JAYPEE INFRATECH: The Supreme Court has rejected the company's plea
that the Noida Authority be directed to grant completion certificates to its
projects near the Okhla bird sanctuary.
* KSK ENERGY VENTURES: Promoters, on Jun 2, freed 52 mln shares
pledged by them with lenders.
* LARSEN & TOUBRO: Executive Chairman A.M. Naik sold 345,000 shares
of the company on Monday for 599 mln rupees.* L&T FINANCE HOLDINGS: Parent LARSEN & TOUBRO plans to sell
0.96% stake in the company through offer for sale today and has set a floor
price of 74 rupees per share.
* MARUTI SUZUKI: Swift Dzire has replaced Alto as the top selling car in
India. Swift hatchback, which is also produced by the company is in the second
position.
* ORBIT CORP: Lenders invoked pledge on 1.5 mln shares of the company on
Thursday.
* RAYMOND: Shareholders have approved raising up to 1.75 bln rupees
through non-convertible debentures.
* RURAL ELECTRIFICATION CORP: Has received shareholders' approval
to raise capital through private placement of non-convertible debentures.
* SHIPPING CORP OF INDIA: Has sold its chemical carrier M.T.
Palanimalai.
* STATE BANK OF INDIA: Ezetap has bagged a technology contract from
the bank to launch mobile point of sale devices across India.
* SOUTHERN ISPAT: The board will mull a stock split on Thursday.
* SUPREME INFRASTRUCTURE INDIA: Promoter pledged 1.6 mln shares
of the company on Thursday.
* TATA MOTORS: Two officials from the company--Venkatram
Mammillapalle, senior vice president purchasing and supply chain and Rajesh
Bagga, senior vice president legal--have resigned.
* ULTRATECH CEMENT: Has said media report that it plans to buy
JAIPRAKASH ASSOCIATES is speculative.
* UNITED BANK: RBI has allowed the bank to consider proposals to offer
loans up to 2 bln rupees to AAA-rated public sector undertakings and
companies.
* VIDEOCON INDUSTRIES: Has scrapped its plan to set up an 80-bln-rupee
liquid crystal display manufacturing unit in Navi Mumbai.* VISA STEEL: Has received shareholder approval for transfer of its special
steels business to its wholly-owned subsidiary VISA Special Steel.

DAILY STOCKS ALERT – 06.06.2014

STOCKS ALERT – 06.06.2014
* ARVIND: Company is close to signing a franchisee deal with American garment
retailer Gap. The deal is expected to be announced in the coming weeks.
* CAIRN INDIA: BHARAT PETROLEUM CORP AND HINDUSTAN PETROLEUM
CORP have shown interest in buying crude oil from the company.
* CENTURY TEXTILES AND INDUSTRIES: Shareholders have approved a
preferential issue of 18.6 mln convertible warrants to four companies owned by Kumar
Mangalam Birla and his family.
* CHL: RBI said shareholding of non-resident Indians and persons of Indian origin in
company under the Portfolio Investment Scheme had reached the trigger limit of 8%.
* CROMPTON GREAVES: Has secured an order worth 2.44 bln rupees from Spanish
electric utility company Iberdrola for supply of over 1 mln smart meters.
* FINANCIAL TECHNOLOGIES: The Forward Markets Commission has directed the
board of arm National Spot Exchange to accelerate the process of recovering money from
defaulters.
* HERO MOTOCORP: Likely to save 10 bln rupees in 2014-15 with its ongoing margin
transformation programme, and the amortised payments to Honda coming to an end in
June.
* IDEA CELLULAR: Board approved raising up to 30 bln rupees through a Qualified
Institutional Placement of shares and fixed floor price at 136.98 rupees a share.
* INFOSYS: Prasad Thrikutam, senior vice-president and global head of strategic sales,
marketing and alliances, has resigned.
* JAMMU & KASHMIR BANK: Will raise 5-6 bln rupees by selling its 5% equity
holding in a life insurance company.
* MARUTI SUZUKI: Is setting up a new engine production line at its Gurgaon plant
with a capacity of 150,000 units a year for its new series of self-developed diesel engines.
* NHPC: Commissioned the fourth unit of the 520 MW Parbati-III power station in
Himachal Pradesh on Tuesday.* NMDC: Produced 4.94 mln tn of iron ore in May, almost flat compared with 4.90 mln
tn in the same month last year.
* RAMCO CEMENTS: Stake in RAMCO SYSTEMS has increased to 22.7% from
13.30% after the cement company bought 3.3 mln shares through a rights issue for 511.5
mln rupees.
* RANBAXY LABORATORIES: The European Medicines Agency has reissued the
good manufacturing practices certificate to the company's Toansa manufacturing facility.
* RELIANCE INDUSTRIES: Independent Media Trust open offer for shares of
NETWORK18 MEDIA AND INVESTMENTS, TV18 BROADCAST, and
INFOMEDIA PRESS will open on Jul 21 and close on Aug 4.
* RELIANCE INFRASTRUCTURE: Arm Mumbai Metro One has got final approval
from Railway board for its Versova-Andheri-Ghatkopar line.
* SHRIRAM CITY UNION FINANCE: Sought to tap some of the fresh capital infusion
it had received from PIRAMAL ENTERPRISES to expand.
* SKS MICROFINANCE: Morgan Stanley Asia (Singapore) PTE bought 184,875 shares
or 0.15% stake in company on Jun 3.
* TATA GLOBAL BEVERAGES: Shareholders have approved the merger of Mount
Everest Mineral with company.
* TATA MOTORS: Has decided to directly supervise the appointment of sales staff at its
550 showrooms across India.
* TECH MAHINDRA LTD: Expanded its partnership with US-based Informatica Corp
to provide data management services to their clients.
* THOMAS COOK INDIA: Arm IKYA Human Capital Solutions has inked a definitive
pact with Transfield Services, Australia, to acquire the latter's India arm Hofincons
Infotech & Industrial Services.
* TVS MOTOR CO: Life Insurance Corporation of India has, over a period of nearly
four years, sold 2.04% stake in the company.
* YES BANK: Allotted 53.5 mln shares to qualified institutional buyers at 550 rupees per
share.
* ZYLOG SYSTEMS: Heshika Growth Fund sold 2.85 mln shares or 4.83% stake in
company. Auctor Investments sold 350,000 shares or 0.59% stake in the company at
11.40 rupees per share.

DAILY STOCKS ALERT – 05.06.2014

STOCKS ALERT – 05.06.2014
* AARTI INDUSTRIES: Is expecting sales growth of 15-20% every year for the next
four next years and a bottomline growth of 18-22% per year.
* ACC: Private equity firms CVC Capital Partners Ltd and KKR & Co are considering
bids for units to be sold by parent cement makers Holcim Ltd and Lafarge SA before
their 29-bln-euro merger.
* BRITANNIA: Will look to focus on the super-premium category, widen distribution to
fill gaps in its value and premium segments.
* DHANLAXMI BANK: Plans to raise 2 bln rupees through preferential allotment after
a similar effort last month flopped. The board is expected to clear the proposal on Jun 7.
* EDELWEISS FINANCIAL SERVICES: Argonaut Ventures Opportunities Fund sold
3.91 mln shares or 0.51% stake at 52.69 rupees per share.
* FEDERAL BANK: RBI has given its approval to the bank for opening a representative
office in Dubai, United Arab Emirates.
* GEODESIC: Genesis Indian Investment Co Ltd sold 2.71 mln shares or 3% stake at
1.78 rupees per share.
* GLOBAL OFFSHORE SERVICES: Has sold its platform supply vessel, M.V. Kailash.
* ISGEC HEAVY ENGINEERING: Goldman Sachs India Fund bought 51,301 shares or
0.70% stake in the company at 2,060 rupees per share.
* INFOSYS: Has launched cloud-based version of its Clinical Trial Supply Management
solution.
* JAIPRAKASH POWER VENTURES: Promoter has got pledge released on 225.16 mln
shares of the company on May 27.
* KSK ENERGY VENTURES: Has approved an issue price of 99 rupees per share for
proposed allotment of 40.40 mln shares through qualified institutional placement.
* MARUTI SUZUKI INDIA: Co and Gujarat government are still working to iron out
issues concerning the automaker's proposed plant in the state following controversies.* MERCATOR: An overseas subsidiary of the company entered into an agreement to
avail a convertible debt facility of $55 mln.
* POWER GRID CORP OF INDIA: Bharat Sanchar Nigam has signed a 10-year pact
with the company to improve telecommunications connectivity in the north-eastern states
of India.
* NTPC: Will soon approach power minister for reconsider the decision to scrap its
Loharinag Pala hydro power project in Uttarakhand.
* RELIANCE CAPITAL: Will seek shareholders' approval to raise funds through
qualified institutional placement.
* SESA STERLITE: Promoter Twin Star Holdings bought 2.7 mln shares of the company
for 756 mln rupees from the open market on Monday, taking its stake to 43.58% from
43.49% earlier.
* SML ISUZU: Said it sold a total of 1,285 vehicles in May, a rise of 11.4% on-year.
* SUN PHARMACEUTICAL INDUSTRIES: Wants full merger with Ranbaxy, although
some minority shareholders want Ranbaxy to remain a separate entity.
* WELSPUN CORP: Mulheim Pipecoatings of Germany sold 8.27 mln shares or a
3.14% stake in the company at 85.25 rupees per share.
* WOCKHARDT: Voluntarily recalls 100 bottles of Toprol XL generic

DAILY STOCKS ALERT – 04.06.2014

STOCKS ALERT – 04.06.2014
* AUTOLINE INDUSTRIES: Has not got suitable offers yet to divest US-based arm
Autoline Industries Inc.
* BIOCON: Arm Syngene International extended its drug discovery and development
collaboration in India with Bristol-Myers Squibb for five years.
* CAIRN INDIA: Has set high hopes on the latest drilling programme to boost output at
its Ravva offshore fields in the east coast.
* DEN NETWORKS: Will ensure that its newest offering of broadband services in parts
of Delhi will not become margin depressive.
* DR DATSONS LABS: Auctor Investments has sold 264,584 shares, or 0.84% stake, in
company at 18.71 rupees per share.
* GAMMON INDIA: Board has approved allotment of 346.9 mln shares at 27.05 rupees
per share to the promoters of the company on a preferential basis.
* GEODESIC: Genesis Indian Investment Co has sold 817,716 shares or 0.91% stake in
company at 1.82 rupees per share.
* GULF OIL CORP: Will be excluded from the S&P BSE 500 index and S&P BSE
Small Cap index with effect today.
* HUBTOWN: Promoters have decided to sell 5.4 mln shares, representing a 7.49%
stake, through an offer for sale and have set the floor price at 170 rupees a share.
* HSIL: Will replace GULF OIL CORP in the S&P BSE 500 index from today.
* IDEA CELLULAR: To raise 37.50 bln rupees by selling its shares to institutions at
135-140 rupees Thursday.
* JSW STEEL: Has identified 16 iron ore mines to bid for in Karnataka's impending
auctions based on the deposits found.
* LARSEN & TOUBRO: Arm L&T Infrastructure Finance plans to issue non-convertible
debentures up to 1 bln rupees on private placement basis.* MARUTI SUZUKI: Plans to double the dealer outlets in the next three years from
1,331 at present.
* ORBIT CORP: Morgan Stanley Asia Singapore PTE has bought 1.24 mln shares or
1.09% stake in company at 22.25 rupees per share.
* RELIANCE INDUSTRIES: Telecom arm Reliance Jio Infocomm has entered into a
pact with Ascend Telecom Infrastructure to share pan-India tower infrastructure of the
latter for providing its 4G services. A minor fire broke out in the finishing line of the
polybutadiene rubber plant at company's Vadodara petrochemicals unit, but there was no
loss of life or output. J.P. Morgan has downgraded the stock to 'neutral', citing positive
catalysts priced in.
* SHRIRAM CITY UNION FINANCE: Has allotted 6.58 mln shares of the company to
PIRAMAL ENTERPRISES for cash price of 1,200 rupees a share.
* TATA MOTORS: Arm Jaguar's US sales in May were 5,840 units, up 17% on year,
Jaguar sales at 1,304 units, down 9% on year Land Rover at 4,536 units, up 28% on year.
* TATA CONSULTANCY SERVICES: Chief Executive officer N. Chandrasekaran's
salary has been hiked 60% to 187 mln rupees as per the company's annual report, making
him the highest paid CEO in the IT industry.
* UNITED SPIRITS: An independent directors panel has said Diageo open offer to buy
37.78 mln shares of the company at 3,030 rupees per share is fair.
* ZYLOG SYSTEMS: Auctor Investments has sold 1.10 mln shares or 1.86% stake in
company at 11.73 rupees per share.

Daily STOCKS ALERT – 03.06.2014

STOCKS ALERT – 03.06.2014
* ASHOK LEYLAND: Has sold 6,632 vehicles in May, down 9% on-year.
* BHARTI AIRTEL: Likely to conclude deal to sell its towers in Africa in a week for
about $3 bln.
* COAL INDIA: Has decided to acquire coal mines abroad, particularly, coking coal and
high grade thermal coal mines.
* DIAMOND POWER INFRASTRUCTURE: Clearwater Capital Partners (Cyprus) Ltd
today sold 3 mln shares or 5.56% stake in the company at 90.3 rupees per share.
* DR DATSONS LABS: Auctor Investments sold 221,328 shares or 0.70% stake in the
company at 19.5 rupees per share.
* EICHER MOTORS: Sold 3,064 commercial vehicles in May, largely unchanged from
the same period last year.
* ESCORTS: Sold 5,794 tractors in May, down from 6,188 units a year ago.
* HERO MOTOCORP: Senior Vice-President, Sales and Marketing, Anil Dua has
resigned and will leave the company on Jun 24.
* HINDUSTAN UNILEVER: In its annual report for 2013-14, said innovation, rural
distribution and digital media will be its priority areas focus. Said it has increased
distribution network by 50% over the last two years.
* INDIAN OIL CORP: R.K. Malhotra, director of the state-owned company's research
and development division, has been given additional charge as its chairman.
* IPCA LABORATORIES: Has inked an agreement with US-based Oncobiologics Inc to
develop, manufacture and commercialise biosimilar monoclonal antibody products.
* NAKODA: Has started the process of corporate debt restructuring with banks.
* NTPC: LANCO INFRATECH, GMR INFRASTRUCTURE, SESA STERLITE and
Jaypee Group have offered to sell some of their power plants to the company to lower
their debt.* ORBIT CORP: Promoter Ravi Kiran Aggarwal's stake in the company has come down
to 13.88% from 14.85% earlier after lender IFCI Financial Services invoked pledge on
1.10 mln encumbered shares.
* OIL AND NATURAL GAS CORP: Has opposed the previous government's plan to re- auction Essar Oil's Ratna field located 130 km southwest of Mumbai. Arm ONGC
Videsh plans to continue exploration in its oil block in Vietnam's South China Sea. The
move will strengthen Vietnam's case in its dispute with China over the South China Sea.
* RELIANCE INDUSTRIES: Reliance Jio Infocomm has informed the telecom
department that it plans to merge wholly-owned subsidiary Infotel Telecom with itself.
* STATE BANK OF INDIA: Is reworking the strategy for its global operations to
improve effectiveness and increase its share in the bottom line.
* STEEL AUTHORITY OF INDIA: Sold 1.06 mln tn of steel in May, up 11% on-year.
* TATA MOTORS: Has sold a total of 37,525 vehicles in May, down 24% on-year.
* TIME TECHNOLPLAST: Core International FZC has sold 7.30 mln shares or 3.47%
stake in the company at 44.02 rupees per share.
* UNITED SPIRITS: Is looking to make a provision of 46 bln rupees, as its Scottish
subsidiary Whyte & Mackay may be sold at a loss.
* ZEE ENTERTAINMENT ENTERPRISES: The RBI has notified that Foreign
Institutional Investors can now invest up to 100% of the paid up capital of the company.
* ZYLOG SYSTEMS: Auctor Investments has sold 1.75 mln shares or 2.97% stake in
the company at 12.57 rupees per share.

DAILY STOCKS ALERT – 02.06.2014

STOCKS ALERT – 02.06.2014
* AARTI INDUSTRIES: Reported a 21.5% on-year rise in Jan-Mar net profit to 468.4
mln rupees, and 26% rise in net sales to 7.35 bln rupees.
* ABG SHIPYARD: Jan-Mar net loss 490 mln rupees versus 150 mln rupees profit a
year ago. Net sales stood at 3.89 bln rupees against 3.92 bln rupees a year ago.
* ARVIND: Has set up a joint venture with Japan's OG Corp to manufacture non-woven
fabrics, and aims to clock in revenue of 1 bln rupees in three years.
* ASTRAZENECA PHARMA: Jan-Mar net loss 25.69 mln rupees as against 185.75 mln
rupees year ago. Net sales grew 20.35% to 1.14 bln rupees.
* AUROBINDO PHARMA: Jan-Mar consolidated profit stood at 5 bln rupees against 1
bln rupees year ago. Net sales increased to 23.0 bln rupees from 15.5 bln rupees.
* BAYER CROPSCIENCE: Jan-Mar net profit fell 35.65% on year to 462 mln rupees
whereas net sales rose 43.14% to 5.26 bln rupees.
* BERGER PAINTS INDIA: Reported a 26.3% jump in consolidated net profit to 553.4
mln rupees in Jan-Mar, and a 19.6% on year rise in net sales.
* BHUSHAN STEEL: Reported a net loss of 195.7 mln rupees in Jan-Mar as against a
2.80-bln-rupee profit a year ago. Net sales fell 11% to 25.10 bln rupees.
* BLUE STAR: Posted a 131% on-year increase in Jan-Mar net profit to 427.9 mln
rupees, and 1.44% rise in net sales to 8.63 bln rupees.
* BRITANNIA INDUSTRIES: Is planning to launch new brands to shake off its
reputation of being a laggard in product innovation and accelerate growth.
* BS: Jan-Mar net profit rose 96.90% on year to 297.92 mln rupees while net sales
increased 90.51% to 4.96 bln rupees.
* COAL INDIA: Environment Minister Javadekar said about 10-12 projects of the
company, awaiting environment and forest clearances, were taken up for discussion with
the power and coal ministry.
* COX & KINGS: Posted a consolidated net loss of 462.5 mln rupees for Jan-Mar asagainst a net profit of 309.15 mln rupees a quarter ago. The travel company's
consolidated net sales stood at 4.9 bln rupees, up 21.4% from Oct-Dec. Expenses rose
60.5% sequentially to 4.7 bln rupees.
* DEN NETWORKS: Jan-Mar consolidated net profit fell to 100.5 mln rupees from
173.3 mln rupees a year ago, while total revenue rose to 3.0 bln rupees from 2.7 bln
rupees.
* DR DATSON'S LABS: Jan-Mar net loss 61.58 mln rupees against 381.7 mln rupees
profit a year ago. Net sales down 71.87% to 207.95 mln rupees.
* EIH: Posted a profit before tax of 524.6 mln rupees, up 47.2% on year. Net revenue
stood at 3.67 bln rupees, up 3.2%.
* ESS DEE ALUMINIUM: Jan-Mar net profit down 71% on year to 97.24 mln rupees.
Net sales down 12.20% to 1.74 bln rupees.
* FINANCIAL TECHNOLOGIES INDIA: Jan-Mar net loss 3.71 bln rupees as against a
878.14-mln-rupee profit year ago. Net sales fell 60.85% to 552.47 mln rupees.
* FUTURE RETAIL: Net sales jumped 152% on year to 22.95 bln rupees in Jan-Mar, but
net profit declined 34.4% to 16.2 mln rupees.
* GITANJALI GEMS: Posted 898.91 mln rupees consolidated loss in Jan-Mar against
1.18 bln rupees profit year ago. Net sales down 42.04% to 27.53 bln rupees.
* GVK POWER AND INFRASTRUCTURE: The National Highways Authority of India
has served show-cause notices the company for failure to mobilise the funds for the
Shivpuri-Dewas project in Madhya Pradesh.
* HERO MOTOCORP: May two-wheeler sales 602,481 units, up 8% on year.
* HINDUSTAN OIL EXPLORATION: Jan-Mar net loss at 1.16 bln rupees against net
loss of 283.34 mln rupees year ago. Net sales down 60% on-year to 132.34 mln rupees.
* IDFC: Is planning to offload loans of 50 bln rupees given to power and road projects.
The move is aimed at pre-empting regulatory requirements as it prepares to turn into a
full-fledged bank.
* INDIAN HOTELS: J.P. Morgan ups recommendation on co to 'overweight', price target
increased to 120 rupees. Arm Roots Corp is in talks with Indian Railways to set up hotels
at railway hubs. Posted a Jan-Mar net loss of 3.65 bln as against a loss of 3.06 bln rupees
year ago. Revenues rose a muted 3.9% on year to 5.7 bln rupees.
* INDIAN OIL CORP: The Company announced a 50-paise increase in retail diesel price
effective midnight May 31.* INFOSYS: Two more senior level executives are likely to leave the IT major. Has
stepped up efforts to find external candidates to take over as chief executive officer. No
decision yet on new CEO, MD, search still on, speculation on CEO search
"unwarranted".
* IVRCL: Incurred 3.2-bln-rupee consolidated loss in Jan-Mar against a profit of 60.6
mln rupees a year ago. Consolidated sales down 18.54% to 12.15 bln rupees.
* JYOTI STRUCTURES: Jan-Mar net loss 125.3 mln rupees against 222.0 mln rupees a
year ago. Net sales 13.06 bln rupees against 9.37 bln rupees.
* KOTAK MAHINDRA BANK: Kotak Trustee Co A/C USK Benefit Trust-II sold 24.98
mln shares or 3.24% stake in the bank at 880 rupees per share.
* LARSEN & TOUBRO: Reported Jan-Mar net profit of 27.23 bln rupees, up 69.2% on
year, and net sales of 200.8 bln rupees, up 11.1%. Has guided for revenue growth of 15%
and order inflow growth of 20% in 2014-15 (Apr-Mar) and also expects its margins to
remain stable at 11%. Currently has no plans to buy stake in YES BANK, Group
Executive Chairman A.M. Naik said.
* MAHANAGAR TELEPHONE NIGAM: Jan-Mar net profit at 96 bln rupees against
loss of 19.8 bln rupees year ago. Income from operations down 7.7% on year to 8.4 bln
rupees.
* MULTI COMMODITY OF EXCHANGE OF INDIA: Jan-Mar net profit at 437.5 mln
rupees against 766.3 mln rupees. Income from operations 598.1 mln rupees against 1.2
bln rupees. Has held back payments for software services to Financial Technologies
India.
* NAVNEET EDUCATION: Jan-Mar net profit up 22.3% on year to 162.7 mln rupees,
and net sales up 12.7% to 1.88 bln rupees.
* NHPC: Jan-Mar net loss at 7.07 bln rupees as against a 5.8-bln-rupee profit year ago.
Net sales down 4.02% to 9.96 bln rupees.
* NMDC: Posted 34% on-year growth in Jan-Mar consol net profit at 19.62 bln rupees.
Net sales grew 21.28% on-year to 38.83 bln rupees.
* OMAXE: Reported a 29.66% on year drop in Jan-Mar net profit to 250.8 mln rupees.
Net sales fell 24.46% to 5.10 bln rupees. Board approved raising 5 bln rupees by issuing
securities to person other than existing shareholders, and also by way of qualified
institutional placement.
* OPTO CIRCUITS: Jan-Mar net profit 32.3 mln rupees. Income from operations 387.4
mln rupees.* ORISSA MINERALS: Jan-Mar net loss 8.9 mln rupees against 40.5-mln-rupee profit a
year ago.
* PATEL ENGINEERING: Posted a 10.41% on-year increase in Jan-Mar net profit to
160.1 mln rupees. Income from operations fell 26.16% on year to 8.77 bln rupees.
* PIPAVAV DEFENCE AND OFFSHORE ENGINEERING CO: Reported an 84% on- year decline in Jan-Mar net profit to 13.05 mln rupees, and a 38% fall in net sales to 4.49
bln rupees.
* RADICO KHAITAN: Reported 37% on-year fall in net profit to 99.0 mln rupees in
Jan-Mar. Net sales rose to 3.42 bln rupees from 3.21 bln rupees a year ago.
* REI Agro: Promoter is trying to salvage the company, in talks with lenders who filed
winding up petition against co.
* RELIGARE ENTERPRISES: Jan-Mar consolidated net profit 665.82 mln rupees as
against a net loss of 6.48 bln rupees a year ago. Income from operations nearly
unchanged from a year ago at 8.06 bln rupees.
* RUCHI SOYA: Jan-Mar net loss 196.5 mln rupee. Income from operations 63.77 bln
rupees.
* SHASUN PHARMA: Jan-Mar consolidated net profit 104 mln rupees against 132.6
mln rupees year ago. Net sales 3.5 bln rupees against 2.6 bln rupees.
* SIMPLEX INFRASTRUCTURES: Posted a 19% on-year jump in Jan-Mar net profit to
213.7 mln rupees. Net sales stood at 14.35 bln rupees as against 14.79 bln rupees a year
ago.
* SUZLON ENERGY: Reported Jan-Mar consolidated net loss of 6.03 bln rupees, lower
than 19.13 bln rupees reported a year ago. Net sales rose 53.7% to 65.81 bln
rupees. Plans to raise about 10 bln rupees from sale of non-core assets this financial year
as a part of its business revival strategy.
* SONA KOYO: Jan-Mar net profit up 2.53% on year to 138.28 mln rupees. Net sales
down 2.30% to 3.88 bln rupees.
* TATA MOTORS: Subsidiary Jaguar Land Rover inaugurated a showroom in Raipur,
Chhattisgarh.
* TATA CHEMICALS: Jan-Mar consolidated net loss 12.26 bln rupees as against a net
loss of 1.77 bln rupees a year ago. Net sales rose 10.6% on year to 36.46 bln rupees.
* TATA STEEL: Moody's Investors Service said the Odisha government's decision toreview leases of 26 iron ore mines in the state is credit negative for the company which
owns seven of these mines.
* UFLEX: Jan-Mar net profit up 45.94% on year to 601 mln rupees, while net sales up
17.53% to 13.77 bln rupees.
* WINSOME DIAMONDS AND JEWELLERY: Jan-Mar net loss 1.32 bln rupees
against a loss of 1.93 bln rupees a year ago. Net sales down 99.9% to 13.8 mln rupees.

DAILY STOCKS ALERT – 28.05.2014

STOCKS ALERT – 28.05.2014
* ANSAL PROPERTIES & INFRASTRUCTURE: Has posted Jan-Mar consolidated net loss of 366.7 mln
rupees against loss of 274.1 mln rupees year ago and net sales of 3.38 bln rupees, down 1.85% on year.
* BOMBAY DYEING & MANUFACTURING CO: Jan-Mar net profit up 31.34% on year to 2.07 bln
rupees, while net sales rose 33.27% to 11.26 bln rupees.
* BRIGADE ENTERPRISES: Plans to spend 2.5 bln rupees this financial year on lease rental projects and
increasing hospitality assets.
* CANARA BANK: CRISIL reaffirms AAA Stable rating on bank's bonds.
* DEEPAK FERTILISERS: The Maharashtra government has asked the Centre to resume supply of
domestic natural gas to the company, which was stopped on May 15.
* FINANCIAL TECHNOLOGIES: A Mumbai court may hear bail plea of Chairman Jignesh Shah on Jun
2.
* FLEXITUFF INTERNATIONAL: Jan-Mar net profit stood at 40.60 mln as against a loss of 62.81 mln
rupees a year ago , while sales rose 11.13% to 3.32 bln rupees.
* GLAXOSMITHKLINE CONSUMER: The company has paid 480 mln rupees in fine to the National
Pharmaceutical Pricing Authority for overcharging for its Crocin Advance fever and pain-relief pill.
* HAWKINS COOKERS: Jan-Mar net profit up 12.4% on year to 131.25 mln rupees, while sales rose
14.74% to 1.39 bln rupees.
* HINDUSTAN MOTORS: The management of the company's Uttarpara plant skipped the tripartite
meeting called by the labour department in connection with the suspension of work declared on Saturday.
* INFOSYS: Aims to more than double revenues from the energy and telecom verticals by 2017.
* INOX Leisure: Jan-Mar net profit of 15.3 mln rupees against a loss of 99.4 mln rupees year ago, sales
rose 16.3% to 1.79 bln rupees.
* IVRCL: Board will also consider the proposal of raising of funds by issue of equity shares on rights basis
Friday.
* JAIPRAKASH ASSOCIATES: Reported net profit of 1 bln rupees for Jan-Mar against estimate of 102
mln rupees. Net sales were at 34.03 bln rupees against 38.64 bln rupees a year ago.
* JBF Industries: Has posted Jan-Mar consolidated net profit of 471.9 mln rupees against 5.1 mln rupees
year ago and net sales of 20.92 bln rupees, down 0.5% on year.
* JET AIRWAYS INDIA: Jan-Mar net loss of 21.53 bln rupees against a loss of 4.95 bln rupees a year ago,
while sales rose 9.32% to 41.98 bln rupees. Has chalked out a three-year business plan to return to
profitability by cleaning up its balance sheet and restructuring costs. Has appointed Cramer Ball as chief

executive officer of the company

* JSW STEEL: Has posted Jan-Mar consolidated net profit of 4.83 bln rupees, up 63.17% on year and net

sales of 140.9 bln rupees, up 43% on year.

* MARUTI SUZUKI INDIA: Gujarat government has objected to the company's decision to hand over

effective control of the proposed car plant at Hansalpur to parent company as it says it is in violation with

the State Support Agreement signed in June 2012.

* NIIT: The apex court has stayed Andhra Pradesh High Court's decision seeking the company to pay tax

on a contract to impart education in computer science in various schools in the state.

* NTPC: Plans to sell 36.8 mln shares to employees at 138.27 rupees a share.

* OIL INDIA: Jan-Mar net profit down 26.02% on year to 5.6 bln rupees, while sales fell 23.2% to

18.25bln rupees.

* ORBIT CORP: Will mull fund raising options on Thursday.

* PIRAMAL ENTERPRISES: Piramal Capital has combined its real estate private equity funds

management businesses and its non-banking finance company into an integrated vertical.

* PRATIBHA INDUSTRIES: Jan-Mar net profit fell 66.72% on year to 60.90 mln rupees, while sales

increased 14.6% to 6.20 bln rupees.

* POWER FINANCE CORP: Has approved a 5-bln-rupee short-term loan to RELIANCE

INFRASTRUCTURE power distribution arms--BSES Yamuna and BSES Rajdhani.

* SHREE CEMENT: The Delhi High Court has dismissed the company's petition challenging the

Competition Appellate Tribunal's order asking the company to deposit 10% of the 3.98-bln-rupees penalty

imposed on it.

* SHIPPING CORP OF INDIA: Has posted Jan-Mar net profit of 132.4 mln rupees against a loss of 2.81

bln rupees and net sales of 12.04 bln rupees, up 25.3% on year.

* SHRIRAM EPC: Has posted Jan-Mar net loss 3.85 bln rupees against loss of 66.52 mln rupees a year ago

and net sales of 1.35 bln rupees, down 56.47%.

* SUN PHARMACEUTICAL INDUSTRIES: Arm Taro Pharmaceutical Industries reported Jan-Mar net

profit of $89.6 mln against $49.2 mln a year ago, while net sales

increased rose $187.2 mln from $165.1 mln.

* TATA MOTORS: Has sought shareholder approval to raise up to 35 bln rupees through private

placement of non-convertible debentures in 2014-15 (Apr-Mar).

* TATA STEEL: The Odisha government is set to issue iron ore mining lease renewal orders for the next

20 years to the company and STEEL AUTHORITY OF INDIA.

* TECH MAHINDRA: Has been selected to deliver office application services to Premium Credit, an

insurance premium finance company from the UK and Ireland.

* THERMAX: Jan-Mar net profit down 8.16% on year to 1.05 bln rupees, while sales fell 6.3% to 13.57

bln rupees.

* TRIVENI TURBINE: Jan-Mar net profit down 37.01% on year to 192.7 mln rupees, while sales fell

31.52% to 1.3 bln rupees.

* STATE TRADING CORP OF INDIA: Jan-Mar net loss of 1.84 bln rupees against profit of 106.7 mln

rupees year ago, while sales fell 29.4% to 34.3 bln rupees.

* UNITED BREWERIES: Reported Jan-Mar net profit of 677.1 mln rupees against 58.5 mln rupees a year

ago. Net sales rose to 9.7 bln rupees from 9.3 bln rupees. The company will buy brewery assets of Pacific

Spirits for 1.05 bln rupees.

* USHA MARTIN: Has decided to close down its construction steel division in Agra.

* WOCKHARDT: The US Food and Drug Administration has expressed concerns over production

processes at the US unit of the company

DAILY STOCKS ALERT – 23.05.2014

STOCKS ALERT – 23.05.2014
* ADVANTA: Reliance Mutual Fund bought 1.10 mln shares or 1.30% stake in the
company at 203 rupees per share.
* ASAHI INDIA GLASS: Posted Jan-Mar net profit of 60.8 mln rupees against a net loss
of 181.3 mln rupees a year ago. Net sales stood at 6.5 bln rupees versus 4.99 bln rupees a
year ago.
* ASHOKA BUILDCON: IDFC Mutual Fund via IDFC Infrastructure Fund 2 sold 1.50
mln shares or 0.95% stake in the company at 122 rupees per share.
* ASHOK LELYAND: Has posted Jan-Mar net profit of 3.63 bln rupees against a profit
of 1.50 bln rupees year ago and net sales of 30.21 bln rupees, down 17.2% on year.
* BAJAJ ELECTRICALS: Bajaj Electricals has secured two orders worth 3.23 bln
rupees from Power Grid Corp of India for laying of transmission line and rural
electrification work at Kushinagar District, Uttar Pradesh.
* CMC: Foreign institutional investors and registered foreign portfolio institutional
investors can now purchase up to 35% paid up shares of the company from the previous
limit of 24%.
* CUMMINS INDIA: Engines and generator set maker Cummins India reported a 24.8%
on-year decline in net profit to 1.42 bln rupees in quarter ended Mar 31 due to sluggish
sales and low other income.
* DEEPAK NITRITE: Is likely to sell shares to existing shareholders in Jul-Sep to raise
funds for expansion and to repay debt.
* GITANJALI GEMS: ITF Mauritius sold 500,000 shares of the company for 102.72
rupees a share on the BSE.
* GUJARAT NRE COKE: HSBC Global Investment Fund sold 380,000 shares on BSE
and 1.2 mln shares on National Stock Exchange of via HSBC Indian Equity Fund,
for 6.25 rupees a share.
* GUJARAT PETRONET: Reported Jan-Mar net profit of 914.6 mln rupees compared to
1.61 bln rupees a year ago, while net sales fell to 2.3 bln rupees from 3.6 bln rupees.

* HDFC BANK: Government has rejected the bank's proposal to raise the cap on foreign
institutional investment to 67.55% from 49%.
* INFOSYS: Has won a $50 mln deal from AT&T to provide support for billing and web
solutions for three years on pay per use model.
* IRB INFRASTRUCTURE: To start full tolling operation on Pathankot-Amritsar road
by July. * JAIN IRRIGATION: Reported Jan-Mar consolidated net profit of 753.4 mln rupees, up
39.4%, and net sales of 18.06 bln rupees, up 11.1% on year.
* JSW STEEL: Will mull raising funds through non-convertible debentures, warrants,
and convertible securities through a qualified institutional placement on May 27.
* KCP: Has posted consolidated Jan-Mar net profit of 71 mln rupees, down 78.2% on
year and net sales of 1.48 bln rupees, down 24.3% on year.
* LARSEN & TOUBRO: Arm L&T Infrastructure Finance is planning to raise at least
500 mln rupees through issuance of non-convertible debentures.
* MARUTI SUZUKI INDIA: Has said it expects used-car exchange scheme to drive
sales growth in the current financial year started Apr 1.
* MULTI COMMODITY EXCHANGE OF INDIA: KOTAK MAHINDRA BANK has
submitted a binding offer to buy a stake in the company from FINANCIAL
TECHNOLOGIES.
* NOVARTIS INDIA: Has posted Jan-Mar net profit of 238.8 mln rupees, down 2.17%
on year, and net sales of 1.93 bln rupees, up 7.17% on year.
* PC JEWELLER: Has posted net profit of 835.7 mln rupees, up 1.35% on year and net
sales of 15.36 bln rupees, up 34.3% on year.
* RAJESH EXPORTS: Expects net profit for the quarter ending Sep 30 to rise 25-30%,
aided by the easing of gold import duties by the RBI.
* RAMCO INDUSTRIES: Reported Jan-Mar net loss of 41.9 mln rupees compared to net
profit of 126.1 mln rupees year ago, and net sales of 1.77 bln rupees, down from 1.82 bln
rupees a year ago.
* RELIANCE COMMUNICATIONS: May sell 50% stake in its undersea cable business
to Hong Kong Citic Telecom for $500 mln-$600 mln.
* SCHNEIDER ELECTRIC INFRASTRUCTURE: Has posted Jan-Mar net loss of 358.1
mln rupees against loss of 98.6 mln rupees year ago and net sales of 2.60 bln rupees,
down 13.5% on year.
* SEQUENT SCIENTIFIC: Has entered into a definitive pact to acquire manufacturing
assets and business of Arvee Synthesis Pvt Ltd. Sequent has also acquired more than 14
acres of land adjacent to its unit in Mangalore.
* SHIPPING CORP OF INDIA: Has received refund on account of cancellation of
shipbuilding contract for Hull No D-2132, of which 1.05 bln rupees was paid from
further public offer proceeds.
* SKS MICROFINANCE: Closed the issue of equity shares to qualified institutional
buyers, after raising approximately 4 bln rupees at an issue price of 225 rupees per share.
* SOBHA DEVELOPERS: Has posted consolidated Jan-Mar net profit of 702 mln
rupees, up 0.9% on year, and net sales of 6.25 bln rupees, up 6.8% on year.
* SPICEJET: Qatar Airways is likely to invest in the company by purchasing its parking
slots overseas.
* TATA MOTORS: UK-based subsidiary Jaguar Land Rover introduced a locally- manufactured Jaguar XJ 3.0 ltr diesel passenger car at 9.21 mln rupees, ex-showroom
Mumbai.
* VAKRANGEE: Reported Jan-Mar net profit of 710.5 mln rupees compared to 315.8
mln a year ago, and net sales of 6.5 bln rupees compared to 4.7 bln rupees a year ago.

DAILY STOCKS ALERT – 22.05.2014

STOCKS ALERT – 22.05.2014
* CAPITAL FIRST: Future Retail Ltd sold its entire 7.84% stake in the company on
Tuesday for a total consideration of 1.13 bln rupees.

* COAL INDIA: Prime Minister-elect Narendra Modi is exploring breaking up the
company and opening up the sector to foreign investment to boost output and cut imports.

* DCB BANK: Motilal Oswal Asset Management Co bought 1.46 mln shares, or 0.58%
stake, of the bank at 69.39 rupees per share.

* ESSAR SHIPPING: Said it has not received any communication or proposal from its
promoters of their intension to delist the equity shares of the company.

* GEOMETRIC: IDBI Trusteeship Services sold 720,300 shares, or 1.13% stake, of
Geometric for 130.30 rupees a share.

* GODREJ CONSUMER PRODUCTS: The Bombay High Court has temporarily barred
Bharat Chemical Products from selling mosquito repellents under the brand "Good
King", as the name and packaging are similar to the company's "Good Knight" range.

* GTL INFRASTRUCTURE: Said Jan-Mar net loss narrowed to 2.8 bln rupees from 4.4
bln rupees a year earlier, while net income from operations rose to 1.49 bln rupees from
1.43 bln rupees.

* HINDALCO INDUSTRIES: US arm Novelis will pay a dividend of $250 mln or 14.7
bln rupees to the company this year, which will help pare the company's debt.

* HINDUJA GLOBAL SERVICES: Said Jan-Mar consolidated net profit fell to 349.0
mln rupees from 401.7 mln rupees a year earlier, while net sales rose to 6.4 bln rupees
from 5.3 bln rupees.

* JINDAL STEEL: Will seek shareholder approval to increase borrowing limit to 500 bln
rupees.

* MARUTI SUZUKI INDIA: One of the company's three chief operating officers, S.
Maitra, has submitted his resignation.* MOTILAL OSWAL FINANCIAL SERVICES: Motilal Oswal Group company Aspire Home Finance Corp has received a certificate of registration from regulator National
Housing Bank to start its home finance business.

* FINANCIAL TECHNOLOGIES: Initial findings of a special audit being conducted on
MCX Stock Exchange have revealed violations of corporate government norms.

* OIL AND NATURAL GAS CORP: Public Enterprises Selection Board has
recommended Oil and Natural Gas Corp Ltd's Director (Exploration) N.K. Verma for the
post of Managing Director of ONGC Videsh.

* PI INDUSTRIES: Jan-Mar net profit increased 95.7% on year to 451.9 mln rupees
while sales rose 8.5% to 3.6 bln rupees.

* POWER FINANCE CORP: Will seek shareholder approval to raise up to 440 bln
rupees via non-convertible debentures in the current financial year.

* RELIANCE CEMENT: Is eyeing revenue of 18-20 bln rupees and sales of 3.5 mln tn
in the current financial year ending March 2015. * RELIANCE INDUSTRIES: Said subsidiary Reliance Jio Infocomm is making accelerated efforts to rollout 4G telecom services across the country but has not yet set a timeframe for the launch. Mukesh Ambani has kept his salary as the head of the company
capped at 150 mln rupees for the sixth year, while giving a 10-25% increase to other
executive directors.

* SUMEET INDUSTRIES: The Securities and Exchange Board of India has banned
promoters of the company from dealing in the securities markets for three years on
charges of insider trading.

* TATA CONSULTANCY SERVICES: Has won a 290-mln-rupee contract to conduct
the Common Admission Test for the Indian Institutes of Management for five years,
starting this year.

* TATA MOTORS: Morgan Stanley has downgraded its rating to "equal weight" from
"overweight" as it believes the company's consolidated earnings will lag volume growth.

* TEXMACO RAIL: KALINDEE RAIL NIRMAN ENGINEERS's board has approved
merger of the company with Texmaco Rail & Engineering, the former said in a filing to
the exchanges.

* UCO BANK: Healthy growth in net interest income, lower provisions on non- performing assets, and sale of some NPAs prop

Daily STOCKS ALERT - 15.05.2014

STOCKS ALERT - 15.05.2014

* ASIAN PAINTS: The company's net profit grew 11.5% on year to 2.67 bln rupees in
Jan-Mar, and income from operations rose 21.3% to 26.87 bln rupees.

* AVANTEL: Board has approved buyback of shares.

* BAJAJ AUTO: Workers at the company's Chakan facility have called off the strike
scheduled to begin Thursday.

* BAJAJ FINANCE: Has posted Jan-Mar net profit at 1.82 bln rupees, up 11.2% on year,
and income from operations at 10.03 bln rupees, up 28.8%. The company plans to boost
consumer lending business after it failed to get a bank licence.

* BAJAJ FINSERV: Has posted Jan-Mar net profit at 7.08 bln rupees, down 22.5% on
year, and income from operations at 20.50 bln rupees, up 1.7%.

* CAIRN INDIA: The company expects substantial gas production from its oil-rich
Rajasthan block in next three years and has floated global tenders for setting up a natural
gas transportation pipeline and a gas processing terminal.

* DEEPAK FERTLISERS AND PETROCHEMICALS: Government has stopped supply
of domestic natural gas to the company saying its manufactures non-subsidised crop
nutrients and as such should not get the cheaper fuel.

* GABRIEL INDIA: Posted Jan-Mar net profit at 83.3 mln rupees on net sales of 3.3 bln
rupees.

* GAMMON INDIA: Posted Jan-Mar net profit loss at 1.73 bln rupees compared to a
loss of 1.19 bln rupees a year ago. Net sales fell 30.1% on year to 11.41 bln rupees.

* GLENMARK PHARMACEUTICALS: Sanofi SA has terminated a licensing deal
signed with the company in 2010 for a novel chronic pain management drug candidate,
GRC 15300 after the new chemical entity failed the Phase 2 proof-of-concept trial.

* GUJARAT ALKALIES CHEMICALS: Has reported net profit at 647.2 mln rupees for
Jan-Mar, down 19.8% on year, and net sales at 4.99 bln rupees, up 8.6%.

* HINDUSTAN CONSTRUCTION: The company's subsidiary HCC Concessions has
started toll operations on the 11.69-bln-rupee Baharampore Farakka road in West Bengal.

* INFO EDGE: The company's management has said it would continue to invest in
99acres.com.

* INFOSYS: Faced with high level of attrition, the company is going all out to strengthen
its HR initiatives to reverse the trend of exits.

* RELIANCE INDUSTRIES: The company has categorically told buyers of KG-D6 gas
that new rates will be applicable from Apr 1.

* TATA MOTORS: Has won an order from SVVL Connect to supply 2,000 passenger
vehicles over a year. Has launched three heavy trucks from its Prima range in Qatar.

* TECH MAHINDRA: Has posted Jan-Mar net profit of 6.14 bln rupees, up 62.8% on
year, and net sales of 50.58 bln rupees, up 165.2%.

* TATA STEEL: Has posted Jan-Mar consolidated net profit of 10.36 bln rupees against
a loss of 65.28 bln rupees a year ago, and net sales of 420.18 bln rupees, up 22.8% on
year. On a standalone basis, the company posted Jan-Mar net profit of 19.79 bln rupees,
up 51.1% on year, and net sales of 120.42 bln rupees, up 13.15% on year. The company
which produces 17 mln tn iron ore annually from its captive mines in Odisha and
Jharkhand, imported a shipload of iron ore from Australia last month.

* TV TODAY: Jan-Mar net profit up 149.36% on-year to 158.54 mln rupees, while sales
rose 15.10% to 969.39 mln rupees.

* RASHTRIYA CHEMICALS AND FERTILIZERS: The company has appointed R.H.
Kulkarni as its chief financial officer.

* REI AGRO: UNITED BANK OF INDIA has filed a wind-up notice on the company
for non-payment of dues worth 2.24 bln rupees.

* VAIBHAV GLOBAL: Has posted Jan-mar consolidated net profit of 367.63 mln
rupees compared to a loss of 1.39 bln rupees and net sales of 3.60 bln rupees, up 58.3%
on year.

* WINSOME DIAMONDS: The company, which owes 60 bln rupees to a consortium of
15 lenders, may be declared a wilful defaulter soon.

* WIPRO: Has won a seven-year contract to provide enterprise applications and solutions
to UK-based Xoserve