STOCKS ALERT – 07.07.2014

STOCKS ALERT – 07.07.2014
* ADANI PORTS & SPECIAL ECONOMIC ZONE: Entered into an equal joint
venture with France based CMA CGM group for a fourth container terminal at
Mundra Port in Gujarat.
* ASHOK LEYLAND: Said it will raise 6.67 bln rupees by issuing shares to
qualified institutional buyers at 36 rupees each.
* CHROMATIC INDIA: Avatar India Opportunities Fund sold 921,755 shares,
representing 1.3% stake, at 4.48 rupees per share.
* DENA BANK: Is hopeful of receiving 12 bln rupees of capital infusion from the
government in the current financial year.
* GAIL INDIA: The company has appointed ENGINEERS INDIA to check the
health of its 870-km gas pipeline network.
* HDIL: IL&FS Trust Co has released pledge on 70 mln shares of the company
held by promoter Rakesh Kumar Wadhawan.
* HINDUSTAN ZINC: The Supreme Court today junked a public interest litigation
seeking investigation into divestment of the government's stake in the company
during 2002.
* IDBI Bank: The board approved fund raising of 40 bln rupees in one or more
tranches, and raising foreign currency funds up to $7.5 bln in 2014-15.
* INDIABULLS HOUSING FINANCE: K.C. Chakrabarty, former deputy governor of
the Reserve Bank of India, will soon join the board of the company as an
independent director.
* JAIN IRRIGATION SYSTEMS: Received a letter of intent from Himachal Pradesh
government for a 975.2-mln-rupee project.
* JSW ENERGY: Plans to raise 50 bln rupees through a qualified institutional
placement in 2014-15 (Apr-Mar).* LUPIN: Is in the process of setting up two new research and development
centres in the US.
* MARICO KAYA ENTERPRISES: Company arm KME Holdings Pte Ltd has decided
against divesting its stake in its arm Kaya Middle East FZE. Franklin Templeton
Mutual Fund sold 108,000 shares, or 0.84% stake, of the company at 248.7
rupees per share.
* ORCHID CHEMICALS AND PHARMACEUTICALS: Has completed the debt recast
scheme it initiated in June last year.
* PIRAMAL ENTERPRISES: Ajay Piramal group is close to buying controlling
stakes--cumulatively worth 20 bln rupees--in six road assets spread across the
country.
* POLARIS FINANCIAL TECHNOLOGY: Luxembourg-based Quoniam Funds
Selection SICAV Emerging Market Equities bought 547,989 shares or 0.55%
stake at 225.99 rupees per share.
* RELIANCE COMMUNICATIONS: Plans to slash 37% of its 15,000-strong
workforce by the end of the month by outsourcing call centre and shared
services operations.
* RELIANCE INDUSTRIES: Is set to open around 100 cash-and-carry stores in
the next two years to take on US retailer Walmart. The company and its
partners, BP Plc and Niko Resources, have served an arbitration notice to the
government, seeking implementation of a delayed gas
price rise.
* RELIANCE INFRASTRUCTURE: The Mumbai Metropolitan Region Development
Authority has filed a plea before a division bench of the Bombay High Court
challenging the judgement upholding Mumbai Metro fares fixed by the company's
arm.
* SOBHA DEVELOPERS: Reported new sales of 754,779 sq ft valued at 4.82 bln
rupees during Apr-Jun.
* SOUTH INDIAN BANK: California-based Pabrai Investment Fund IV LP today
bought 19.6 mln shares or 1.46% stake at 32.50 rupees per share.
* SPICEJET: Has sought regulatory approval for non-refundable fares.
* SUBEX: Said lenders have agreed to redeem its foreign currency convertible
bonds before maturity by easing terms and agreeing to a one-time amount
instead of the next two instalments of interests.* STATE BANK OF TRAVANCORE: Has launched a scheme called "SBT Contractor
Plus" to provide hassle-free loans to public contractors for various work relating
to public infrastructure.
* STYROLUTION ABS (INDIA): The promoter made an open offer to buy 25% in
the company at 499.81 rupees per share.
* TATA POWER CO: Inked conditional pacts with Bakrie Group entity for selling
5% stake in PT Kaltim Prima Coal and 30% stake in the related power
infrastructure companies of the coal mine. The company is looking to export fly- ash from its 4,000-MW Mundra plant to West Asia.
* TECH MAHINDRA: Has signed a memorandum of association with the Dubai
Economic Council for providing information technology solutions to help Dubai
achieve the status of "smart city".

STOCKS ALERT – 01.07.2014

STOCKS ALERT – 01.07.2014
* ABAN OFFSHORE: The company plans to raise 4.5-7.5 bln rupees through a
qualified institutional placement of 6.5-10.8 mln equity shares today.
* ACE EDUTREND: Board to mull stock split, equity issue on Jul 10.
* ADANI PORTS AND SPECIAL ECONOMIC ZONE: Is seeking more acquisitions
after taking over Dhamra port on India's east coast. It is looking to buy a port in
the southeast coast now.
* BANAS FINANCE: Board has approved plan to commence the business of gold
loans. Has launched an end-to-end online business loan service for its premium
self-employed customers with an approval time of five minutes.
* BHARTI AIRTEL: The telecom regulator has raised questions over the sale of
Loop Mobile India to the company, citing possible violations of rules of licensing
and mobile number portability.
* DR DATSONS LABS: Davos International Fund bought 7.04% stake in the
company on Thursday via conversion of foreign currency convertible bonds.
* EASUN REYROLLE: IDFC Mutual Fund sold 916,015 shares, or 4.40% stake, of
the company for 93.65 rupees a share.
* INDIABULLS POWER: The company's board has approved raising up to $200
mln via equity and debt.
* INDIAN OIL CORP: Has announced a 1.69-rupee-per-ltr hike in prices of petrol
and a 50-paise-per-litre hike in retail diesel rates, effective midnight.
* ITC: Bombay High Court and Calcutta High Court have approved the merger of
Wimco's non-engineering business with the company.
* JUBILANT LIFE SCIENCES: Promoter Jubilant Stock has pledged 9.7 mln shares
of the company on Thursday.
* JYOTI STRUCTURES: Board has approved raising up to 1.2 bln rupees viaqualified institutional placement.
* L&T FINANCE HOLDINGS: Has approved allotment of 26.34 mln compulsorily
redeemable preference shares on private placement worth 2.63 bln rupees.
* MAHARASHTRA CORP: Board to mull stock split on Jul 9.
* RAMKRISHNA FORGINGS: SBI Mutual Fund bought 658,239 shares, or 2.52%
stake, of the company at 170 rupees per share.
* STATE BANK OF INDIA: Plans to open electronic banking outlets in malls and
will open accounts, issue cards, and sanction loans across the counter.
* STERLING BIOTECH: Shareholders have approved hike in investment by
foreign institutional investors to up to 74% and that by non-resident Indians to
up to 24%.
* STYROLUTION ABS (INDIA): INEOS AG will buy the balance 50% stake in the
company's parent Styrolution from BASF SE for 1.1 bln euros.
* SUN PHARMACEUTICAL INDUSTRIES: Uday Baldota, senior vice president for
finance and accounts, has said his company is on track to close the deal with
RANBAXY LABORATORIES by December.
* TATA CONSULTANCY SERVICES: Tata Sons is pledging shares of group
companies including those of the company to buy out NTT Docomo's share in
Tata Teleservices.
* UCO BANK: Is in the process of finalising the sale of bad assets worth 3.5 bln
rupees to asset reconstruction companies.
* VAKRANGEE: Board to mull raising up to 10 bln rupees via qualified
institutional placement on Thursday.
* ZODIAC VENTURES: Board has approved 10-for-1 stock split.

STOCKS ALERT – 25.06.2014

STOCKS ALERT – 25.06.2014
* ANJANI PORTLAND: CHETTINAD CEMENT CORP open offer for 4.78 mln shares
of the company opens today.
* ASHOK LEYLAND: Plans to seek about $100 mln from a sale of shares to
institutional investors.
* ASTRAZENECA PHARMA INDIA: SEBI has said the company can purchase shares
in the delisting offer only after seeking approval of the stock exchanges and has asked the
exchanges to monitor the bid closely.
* DCM SHRIRAM: The company has sold a textile spinning unit in Rajasthan for 171.2
mln rupees.
* DLF: Competition Commission of India has ordered probe against company arm in a
Gurgaon project. The company will sell its information technology park in Pune, and is
eyeing 3 bln rupees from the sale, which it will use to reduce its debt.
* ENGINEERS INDIA: Has been granted 'Navratna' status by the Department of Public
Enterprises.
* FINANCIAL TECHNOLOGIES INDIA: A Mumbai court rejected the bail application
of company Managing Director Jignesh Shah.
* INDIAN HOTELS CO: Will issue nine compulsory convertible debentures for every 40
equity shares of the company at 55 rupees each, by way of a rights issue.
* INFOSYS: Company's plan to create 50,000 jobs in over a decade in Karnataka has hit
a snag with the state not showing enough urgency in creating critical
infrastructure such as road or rail connectivity, and water and power supply.
* INOX LEISURE: Has launched a multiplex at Dreamz Mall in Gurgaon, Haryana.
. INTERLINK PETROLEUM: Enso Oil & Gas has entered a memorandum of
understanding with Loyz Energy to acquire a stake in company.
* LUPIN: The company is looking to enter new geographies and is scouting for
companies in Japan where it has a presence.* MANGALORE CHEMICALS AND FERTILIZERS: SEBI has sought clarifications
from two rival bidders who have made offers for acquisition of additional stake in
the company.
* MARUTI SUZUKI INDIA: Company intends to launch six new cars in the next few
months, of which four will be priced in the 600,000 to 1.4 mln rupees range.
* NHPC: Finance ministry is working on draft Cabinet notes for 5% stake dilution in
company.
* NOVARTIS INDIA: Has launched an over-the-counter pain reliever Voltaren Emulgel,
which is a combination formulation of cream and gel, in India.
* PARSVNATH DEVELOPERS: ITF Mauritius sold 2.2 mln shares, or 0.51% stake, of
company at 33.2 rupees per shares. Plans to either sell 10-bln-rupees worth land parcels
in south-west India or form joint ventures with local builders for development.
* POWER FINANCE CORP: Finance ministry is working on draft Cabinet notes for 5%
stake dilution in company.
* QUINTEGRA SOLUTIONS: Roseburg sold 151,666 shares, representing 0.57% stake
in company, at 1.15 rupees per share.
* RELIANCE COMMUNICATIONS: Opened its qualified institutional placement of
shares at an offer price of 142.1 rupees a share to raise funds to repay debt. Plans to raise
43 bln rupees by way of a qualified institutional placement of shares and a preferential
offer to promoters.
* RELIANCE INDUSTRIES: The petroleum ministry has proposed that state-owned
companies deduct $115 mln from payment due to the company from their purchase of
crude oil and natural gas from KG-D6 block and deposit it in a government account. The
petroleum ministry plans to issue a fresh notice to the company levying an additional
penalty of $579 mln on account of natural gas production shortfall from KG-D6 block for
the year 2013-14 (Apr-Mar).
* RELIANCE INFRASTRUCTURE: Bombay HC has declined to interfere in a dispute
over fares of Mumbai Metro services run by company and dismissed a plea filed by the
state government against the company's plans to hike fares.
* RICOH INDIA: To mull issue of three-year non-convertible debentures on Jul 1.
* RURAL ELECTRIFICATION CORP: Finance ministry is working on draft Cabinet
note for 5% stake dilution in company. Shareholders have approved the company's
proposal to raise its borrowing limit to 2 trln rupees, and in any foreign currency
equivalent to $6 bln.* TATA COFFEE: Will seek approval of shareholders to re-allow borrowing limit of 10
bln rupees, in order to meet its long-term fund requirement.
* TATA STEEL: Construction at the company's Kalinganagar steel plant in Odisha
remained stalled for the second day after Monday's clash between labourers and security
staff.
* TTK PRESTIGE: Eyes overall revenue growth of 15% in the current financial year.
* THE PHOENIX MILLS: Nordea 1 SICAV, through its Emerging Consumer Fund, sold
1.5 mln shares, representing 1.04% stake, in company at 303.3 rupees per share.
* WARTSILA INDIA: The company is eyeing the cement industry for the combined heat
and power business opportunities it offers.
* YES BANK: Bombay High Court has asked the bank to submit annual general meeting
video in court by Friday

STOCKS ALERT – 24.06.2014

STOCKS ALERT – 24.06.2014
* ADANI PORTS AND SPECIAL ECONOMIC ZONE: Has completed acquisition of
Dhamra Port for 55 bln rupees from TATA STEEL and LARSEN & TOUBRO.
* BAJAJ HINDUSTHAN: The company has redeemed on maturity $15-mln foreign
currency convertible bonds issued to Washington-based International Finance Corp along
with $2.723 mln premium.
* DB Corp: Promoters have sold a total of 3.56 mln shares on the BSE through open
market for 1.08 bln rupees on Thursday.
* DHANLAXMI BANK: The bank and SHRIRAM CITY UNION FINANCE are locked
in a legal tussle following differences from a bilateral securitised loan transaction worth
3.51 bln rupees executed in 2009-10.
* DR DATSONS LABS: Heshika Growth Fund has sold 349,122 shares, representing
1.1% stake, of Dr Datsons Labs Ltd at 16.2 rupees a share.
* GMR INFRASTRUCTURE: Is ready to list its energy and airport units in view of
improvement in market sentiment and recent reforms announced by SEBI for retail
investors.
* GODREJ INDUSTRIES: Promoter Godrej & Boyce Mfg Co will increase its stake in
the company by 2.97% through inter-se transfer before Jun 30.
* JINDAL STEEL AND POWER: Has won an order to supply 88,000 tn of long rails to
the Tata-Aldesa joint venture for use in the Eastern Dedicated Freight Corridor.
* HERO MOTOCORP: Will introduce four new scooter models to complement its
existing two-model line-up of Pleasure and Maestro.
* LARSEN & TOUBRO: The company is unlikely to float initial public offering for road
assets of arm L&T Infrastructure Development Projects due to weak market conditions,
Chief Financial Officer Shankar Raman said.
L&T is relocating its mining unit to Kolkata from Chennai to be closer to the major
mining belt of east India and expects revenues to rise as the outlook for the core sector
improves with the new government's thrust on industrial growth.* PVR: The company has added two screens to its multiplex at Central Mall in
Hyderabad.
* RELIANCE MEDIAWORKS: Is sharpening its focus on growing its film exhibition
business down south through its exhibition chain brand, Big Cinemas.
* STEEL AUTHORITY OF INDIA: Likely to exit the 350-bln-rupee revival project of
the Sindri fertiliser plant in Jharkhand due to inordinate delay in land acquisition.
* TATA STEEL: At least 17 people were injured today after clash between workers and
security personnel of the company at its Kalinganagar site in Odisha.
* VIDEOCON INDUSTRIES: Promoters have got 1.2 mln pledged shares of the
company released

STOCKS ALERT – 23.06.2014

STOCKS ALERT – 23.06.2014

* ASTRAZENECA PHARMA INDIA: Shareholders of the company have approved
the voluntary delisting offer of the company.
* BAJAJ AUTO: Is sticking for now to its plan of starting sales of
its quadricycle RE60 from Oct 1, which is currently the expected date
of approval for the category.
* BANK OF INDIA: Has sought capital infusion of 20 bln rupees from
the government, out of the total capital requirement of 45 bln rupees
in 2014-15 (Apr-Mar).
* CIPLA: The company's investment arm Cipla New Ventures plans to
launch a healthcare fund, which has reportedly got a lot of interest
from investors. However, the legal structure of the fund has not yet
been defined.
* DIVI's LABORATORIES: The US Food and Drug Administration inspected
the company's Hyderabad unit during Jun 16-20 and made no
observations.
* DR DATSONS LABS: Heshika Growth has sold 507,539 shares or 1.6%
stake in the company at 16.86 rupees a share.
* EMAMI: Has acquired sanitary napkin brand 'She Comfort' from
Mumbai-based Royal Hygiene Care Pvt Ltd.
* ENGINEERS INDIA: Got project management consultancy service
contract from Nigeria-based Brass Fertilizer Co Ltd for upcoming
integrated gas-based fertiliser complex.
* ESSAR OIL: Essar Group plans to de-list the company's shares from
Indian stock exchanges.
* FINANCIAL TECHNOLOGIES: A lower court said it would pass an order
on bail application of Chairman and Chief Executive Officer Jignesh
Shah and MULTI-COMMODITY EXCHANGE OF INDIA'S former chief financial
officer Sreekanth Javalgekar on Tuesday
* GAMMON INFRASTRUCTURE PROJECTS: The board of directors of the
company has approved rising up to 5 bln rupees via a qualified
institutional placement of shares.
* HSIL: Is planning to set up a third manufacturing plant in the
country in Gujarat, at an investment of about 1.5 bln rupees, taking
its combined capacity to 5 mln units per annum by the end of 2016.
* ITC: Plans to increase its focus on premium personal care products
and packaged foods brands to improve profitability in the current
fiscal.
* JET AIRWAYS INDIA: Abdulrahman Albusaidy, chief of strategy and
planning, and Mohammad Ali El Ariss, head of cargo, have quit.
* LUPIN: Gets US Food and Drug Administration approval for emergency
contraceptive pill Fallback Solo.
* OBEROI REALTY: Will partner Mariott International to open Mumbai's
first Ritz-Carlton hotel as part of a slum redevelopment that
includes luxury homes.
* OIL AND NATURAL GAS CORP: ONGC Videsh has signed a memorandum of
understanding with Turkish Petroleum Corp for cooperation in the
hydrocarbon sector.
* ORIENTAL BANK OF COMMERCE: Shareholders have approved the proposed
qualified institutional placement of shares worth up to 5 bln rupees.
* POWER FINANCE CORP: Has asked the Delhi Electricity Regulatory
Commission to agree to fairly stiff conditions if it is to give a
140-bln-rupee loan to two distributing companies in New Delhi.
* REDINGTON INDIA: Columbia Asset Management Co has sold 2.33 mln
shares or 0.6% in the company via Columbia Acorn Fund at 97 rupees
per share.
* STATE BANK OF TRAVANCORE: Has decided to cut the size of its rights
issue of shares to 4.85 bln rupees from 6.29 bln rupees approved
earlier.
* STEEL AUTHORITY OF INDIA: Plans to appoint a safety audit firm to
prevent further accidents.
* SKS MICROFINANCE: Westbridge Ventures II cut its stake in the
company to 4.0% from 5.2% on Thursday.
* UNITED SPIRITS: Diageo may make higher provisions for loans given
by the company.
* UTTAM VALE STEELS: Will mull demerging its engineering division to
Lloyds Steels Industries on Wed.
* WHIRLPOOL OF INDIA: Eyeing an over six-fold jump in revenues from
kitchen appliances in three-four years, and expects to record 300 mln
rupees turnover in 2014-15 (Apr-Mar).

STOCKS ALERT – 20.06.2014

STOCKS ALERT – 20.06.2014
* ATUL AUTO Board, to consider stock split on Jun 26.
* APOLLO TYRES: Has allotted 5 mln equity shares to a promoter group
entity at 86.20 rupees per share.
* BAJAJ AUTO: The company will begin retail sales of its quadricycle
by
October.
* CAIRN INDIA: The company will invest $200 mln over the next three
years in developing natural gas finds in the largely oil-bearing
Rajasthan block.
* CENTURY TEXTILES AND INDUSTRIES: Has allotted 18.6 mln warrants at
354.89 rupees a share to promoters.

* COAL INDIA: The coal ministry wants the company to sell crushed and

washed coal only; will look into environmental issues hampering

production.

 The coal ministry has made it clear that the government has no

plans to restructure or break-up the company.

* FUTURE CONSUMER ENTERPRISE: Board has approved buying 35% stake in

Sarjena Foods that sells branded bakery products under the 'Baker

Street' brand.

* ICICI BANK: Non-executive Chairman K.V. Kamath sold 100,000 shares

of the bank worth 141.2 mln rupees Thursday.

* IDEA CELLULAR: The company launched another device for 4,999 rupees

which comes bundled with data benefits thus expanding its portfolio

of 3G smartphones to 16.

* INDIABULLS REAL ESTATE: The company has paid 15.50 bln rupees for a

commercial property in London's Mayfair and plans to convert the

building into luxury residentialproperty

* INDIAN HOTELS CO: To approve the terms and conditions of the

compulsorily convertible debentures Jun 24.

* JSW STEEL: Sajjan Jindal, chairman, met executives of Lucchini spA

in

Italy, moving a step closer to a possible buyout of the troubled

company.* L&T FINANCE HOLDINGS: Plans to raise 5 bln rupees through private

placement of cumulative non-convertible compulsorily redeemable

preference shares.

* MAHINDRA & MAHINDRA FINANCIAL SERVICES: Has received approval from

its shareholders to increase its borrowing limit to 450 bln rupees.

* MANDHANA INDUSTRIES: Company will consider raising funds via

equity, debt on Monday.

* NESTLE INDIA: The company is revamping coffee brand Nescafe with

new

packaging and a fresh advertisement theme.

* OIL INDIA: Signed a memorandum of understanding today with the

Gazprom EP International BV subsidiary of Russian oil and gas major

Gazprom.

* ORCHID CHEMICALS AND PHARMACEUTICALS: Has received approval from

the US Food and Drug Administration for the generic version of

Sunovion's

anti-insomnia pill Lunesta

* SESA STERLITE: The disinvestment department today invited bids for

valuers for determining fair value of BALCO, in which Vedanta owns

51% stake.

* STEEL AUTHOTITY OF INDIA: The government's forest advisory

committee has issued a warning over the possibility of forest land

being diverted for non-forest purposes in the company's 5.5 mln tonne

per annum Bolani iron ore mines in Odisha.

* SUN PHARMACEUTICALS: The company's deal to acquire RANBAXY

LABORATORIES might take longer than usual to secure all regulatory

clearances for their proposed merger.

 The company is the latest Indian drug company to have been sued by

London-based AstraZeneca for alleged infringement of patents relating

to its diabetes drug, Onglyza.

* TVS MOTOR CO: Has launched its StaR HLX 125 motorcycle in Tanzania.

* TATA MOTORS: Arm Jaguar Land Rover Plc has invested200 mln pound

sterling in its Halewood plant in the UK.

* UNITED SPIRITS: Diageo's offer for the company is understood to

have

received an overwhelming response with 69.9 mln shares tendered

against the required 37.7 mln shares.

* UPL: Has sold its entire 50% stake in its Brazil joint venture -

Sipcam UPL Brazil S.A.

* WOCKHARDT: The company, currently facing several import bans and a

substantial drop in sales, has completed a revamp of its critical

departments of production, quality and drug regulatory affairs.

K.KARTHIK RAJA DAILY STOCKS ALERT - 07.05.2014

STOCKS ALERT - 07.05.2014

* A2Z MAINTENANCE ENGINEERING SERVICES: Will seek approval
from shareholders for implementation of a corporate debt-restructuring
package.

* ABB INDIA: Expects revenues to pick up from July with likely recovery in
the India power, transmission, and distribution segment.

* BAJAJ AUTO: Managing Director Rajiv Bajaj said the company is
scheduled to report best-ever profit in 2013-14 (Apr-Mar).

* BHARAT PETROLEUM CORP: The reserve estimates for a Mozambique
block, in which the company owns 10% stake, has been raised further to 50-70
tcf.

* CLARIANT CHEMICALS INDIA: Posted Jan-Mar net profit of 151.30 mln
rupees, down 38.89% from year ago. Net sales fell 1.17% on-year to 2.74 bln
rupees.

* DABUR INDIA: Has decided to invest 3.50 bln rupees on capacity expansion
this fiscal as it expects consumer market to come out of a slowdown over next
two quarters.

* ESSAR OIL: Shareholders have approved purchase of balance stake in
subsidiary Vadinar Power.

* FUTURE CONSUMER ENTERPRISE: The company formerly known as
Future Ventures is in advanced talks to buy out Spykar Lifestyle for 1 bln
rupees in an all-cash or part-cash and stock deal.

* GILLETTE INDIA: Posted Jan-Mar net profit of 84.8 mln rupees, down

68.78% year ago. Net sales rose 27.67% on-year to 4.55 bln rupees.

* GUJARAT PIPAVAV PORT: Posted Jan-Mar net profit of 610.22 mln rupees, up 72.50% year ago. Net sales rose 26.28% on-year to 1.44 bln rupees.

* HEXA TRADEX: Foreign institutional investors can now invest up to 74% in
the company.

* HINDUSTAN MOTORS: Sale of passenger car Ambassador slumped to 113
units in April from 407 units a year ago.

* IDEA CELLULAR: Plans to take on rivals BHARTI AIRTEL and Vodafone
India in the lucrative Delhi circle by launching 3G services on its own spectrum
by January.

* JINDAL STEEL AND POWER: Has commissioned an 810 MW captive
power plant for its 6-mln-tn per annum steel plant under Phase-I of its project
in Angul, Odisha

* KINGFISHER AIRLNES: Public sector lenders' attempts to recover their 60-
plus bln rupees from company have again hit a roadblock, with no serious bids
for the carrier's trademarks, which they had tried to auction

* MAHINDRA HOLIDAYS RESORTS INDIA: Posted Jan-Mar net profit of
243.87 mln rupees, down 21.15% year ago. Net sales rose 12.47% on-year to
2.11 bln rupees.

* MAHINDRA & MAHINDRA: Launched its Mahindra 575 tractor in Andhra
Pradesh for "puddling operations.

* MAHINDRA HOLIDAYS RESORTS INDIA: Posted Jan-Mar net profit of
243.87 mln rupees, down 21.15% year ago. Net sales rose 12.47% on-year to
2.11 bln rupees.

* MARUTI SUZUKI INDIA: Is gearing up to launch a completely new Alto

K10 compact hatchback this fiscal to boost volumes.