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Nifty futures/Bank Nifty futures market closed on 8540/ 18680. According to technical analysis if Nifty futures
and Bank Nifty future moves down-word in tomorrow treading session then 8456 will be small support for Nifty
futures and 18512 will be small support for Bank Nifty futures. If it break this level then then Nifty futures can go
down to 8291 level and Bank Nifty futures can touch 18139 level in next few days. It will be hard support for
Nifty futures and Bank Nifty futures. Meanwhile in up trend there is small resistance on 8607 for Nifty futures and
19798 is for Bank Nifty futures after breaking this level with volume there is big resistance for Nifty futures on
8793 and 19357 for Bank Nifty futures.
R2
8776
R1
8628
PP
8554
S1
8480
S2
8332
WEEKLY
R2
9094
R1
8742
PP
8566
S1
8390
S2
8038
MONTHLY
R2
9534
R1
8852
PP
8511
S1
8170
S2
7488
DAILY
R2
19530
R1
19006
PP
18744
S1
18482
S2
17958
WEEKLY
R2
20470
R1
19382
PP
18838
S1
18294
S2
17206
MONTHLY
R2
21813
R1
19753
PP
18723
S1
17693
S2
15633
BANK NIFTY
MOVING AVERAGE
21 DAYS
50 DAYS
100 DAYS
200 DAYS
NIFTY
8429
8347
8443
8433
BANK NIFTY
18676
18296
18409
18347
PARABOLIC SAR
DAILY
WEEKLY
MONTHLY
NIFTY
8439
8015
9154
BANK NIFTY
19277
17266
20848
R3
R2
R1
PP
S1
S2
S3
ACC
ALBK
EQ
EQ
1459
93
1438
91
1417
88
1408
87
1396
86
1387
85
1375
84
AMBUJACEM
ASIAN PAINT
AXISBANK
BAJAJ-AUTO
BANKBARODA
BANKINDIA
BHEL
BHARTIARTL
CIPLA
COALINDIA
DLF
DRREDDY
GAIL
GRASIM
HCLTECH
HDFC
HDFCBANK
HEROMOTOCO
HINDALCO
HINDUNILVR
ICICIBANK
ITC
INDUSIND BANK
INFY
JINDALSTEL
KOTAKBANK
LT
M&M
MRF
MARUTI
ONGC
ORIENTBANK
RCOM
RELCAPITAL
RELIANCE
RELINFRA
RPOWER
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
258
918
616
2669
163
181
293
460
708
443
113
4027
381
3938
1044
1414
1194
2940
116
947
318
319
980
1138
80
747
1917
1403
40557
4409
301
182
75
408
1074
432
46
271
143
1155
414
75
290
167
251
896
600
2612
159
176
288
451
699
436
110
3980
373
3855
1009
1393
1160
2860
112
932
311
316
969
1118
78
738
1867
1378
39818
4342
293
176
73
399
1056
423
45
267
139
1034
401
74
279
163
244
873
585
2555
156
172
284
443
690
429
106
3933
364
3772
974
1371
1125
2780
109
916
303
314
957
1098
76
728
1818
1353
39079
4276
285
170
70
390
1037
417
44
264
134
913
389
73
267
159
240
864
576
2535
154
169
281
438
687
426
105
3910
359
3737
955
1363
1112
2731
108
908
298
312
951
1088
75
723
1788
1341
38679
4244
280
166
69
385
1027
409
43
262
132
867
381
72
259
157
237
850
570
2498
153
167
279
434
681
423
102
3886
355
3689
939
1350
1091
2700
106
901
295
311
946
1078
74
719
1768
1328
38340
4209
277
164
68
381
1019
405
42
261
130
793
377
71
255
155
233
842
561
2478
151
164
277
429
678
419
101
3863
350
3654
920
1342
1078
2650
105
893
290
310
939
1068
73
713
1738
1316
37940
4177
272
160
67
376
1009
400
41
258
127
746
369
70
248
153
230
827
555
2441
150
162
275
425
672
416
99
3839
346
3606
904
1329
1056
2620
103
886
287
309
934
1058
72
709
1718
1303
37600
4143
269
158
66
372
1001
397
40
257
126
672
365
69
243
151
SBIN
SSLT( VEDL)
SUNPHARMA
TATAMOTORS
TATAPOWER
TATASTEEL
UNIONBANK
TOP 15 ACHIEVERS
SR.NO
+23.27
LUPIN LTD
2
3
1289.55
1589.65
87.30
104.10
634.10
729.20
INDIABULLS
HOUSING
PUNJAB CHEM
238.55
271
INFOSYS
984.00
1088.00
BEML LTD
1357
1485
TATA CHEMICAL
460.20
502.50
CEAT LTD
ASHOK LEYLAND
74.45
80.90
10
GITANJALI GEMS
39.30
42.70
11
LIC
FINANCE
MRF LTD
457.80
496.30
35646.80
38600
696.35
748.90
14
VARDHMAN
TEXTILES
TECH MAHINDRA
479.95
511.05
15
ALSTOME INDIA
768.50
815
12
13
SCRIPT
NAME
% CHANG
HOUSING
TOP 15 LOOSERS
CMP
716.50
//
781.95
+19.24
+15
+13.60
+10.48
+9.43
+9.19
+9.13
+8.66
+8.65
+8.41
+8.28
+7.55
+6.48
+6.05
PREV
CLOSE
CMP % CHANG
1942.95
1672.10
UNITECH LTD
7.85
6.85
109.80
96.15
GOOD LUCK
STEEL
DLF LTD
116.70
103.20
JSW ENERGY
104.90
93.15
FEDERAL BANK
77.60
69.70
SUNPHARAM
929.75
836.20
JP ASSOCIATED
11.65
10.50
VEDANTA
145.50
132.45
10
KTK BANK
150.95
137.60
11
SKF INDIA
1445
1334.55
12
JET AIRWAYS
349.50
323.870
13
UNION BANK
171.60
159.50
14
JINDAL ST&PWR
81.05
75.70
15
AMBUJA CEMENT
255.20
240.15
-13.94
-12.74
-12.43
-11.57
-11.20
-10.18
-10.06
-9.87
-8.97
-8.84
-7.64
-7.358
-7.05
-6.60
-5.90
RPOWER - RPOWER HAS BROKEN THE SUPPORT LEVEL OF 44.75 AND HAS TASTED THE
44.05 NOW IF IT BREAKS THIS LEVEL THEN FURTHER DOWNWARD MOVEMENT CAN BE
ACCEPTED UPTO THE LEVEL OF 42.
2.
3.
PFC - IF PFC DOEST BREAKS THE WEEKLY LOW OF 256 AND TRADES IN RANGE OF
263/266 THEN IT MAY TEST THE LEVEL OF 270/273.
4.
ITC - ITC IS TRENDING UPWARD SINCE LAST MONTH THIS WEEK IF IT BREAKS 318 LEVEL
THEN 324/327 ARE POSSIBLE LEVELS.
5.
ZEEL - ZEEL MAY CORRECT UPTO THE LEVEL OF 386/385 TO SHOW FURTHER POSITIVE
MOMENTUM THE LEVELS OF 400/402 HAS TO BE CROSED TO REACH UPTO THE LEVEL OF
412/417.
CURRENCY MARKET
USDINR
R2
R1
PP
S1
S2
DAILY
65.00
64.60
64.40
64.20
63.80
WEEKLY
R2
65.95
R1
64.85
PP
64.25
S1
63.70
S2
62.55
MONTHLY
R2
66.30
R1
64.90
PP
64.25
S1
63.55
S2
62.20
EURINR
R2
R1
PP
S1
S2
DAILY
71.90
70.95
70.50
70.00
69.10
WEEKLY
R2
75.00
R1
71.75
PP
70.10
S1
68.40
S2
65.10
MONTHLY
R2
78.80
R1
73.30
PP
70.55
S1
67.80
S2
62.30
JPYINR
R2
R1
PP
S1
S2
DAILY
52.30
52.10
51.95
51.80
51.55
WEEKLY
R2
53.50
R1
52.35
PP
51.80
S1
51.20
S2
50.10
MONTHLY
R2
56.85
R1
53.75
PP
52.20
S1
50.65
S2
47.55
GBPINR
R2
R1
PP
S1
S2
DAILY
101.50
100.30
99.70
99.10
97.90
WEEKLY
R2
102.50
R1
100.70
PP
99.80
S1
98.90
S2
97.10
MONTHLY
R2
107.90
R1
102.50
PP
99.95
S1
97.00
S2
91.60
Jewellery stocks rally as Gold price fall - Shares of Jewellery stocks are in demand after
gold plunged 4% to its lowest in more than five years on Monday. The precious metal is dented
by the fact that vibes from US Federal Reserve and flow of economic numbers indicate that rate
hike this year is very much on the cards. A fall in gold prices is expected to boost revenues for
domestic jewellers in the forthcoming festive season. The beneficiaries have been jewelry
companies which are glittering on the bourses.
Gitanjali Gems - Gitanjali Gems has jumped 13% at Rs. 44.20. On the BSE 11,59,000
shares have been traded at the counter as compared to its daily average volume of 76,000 shares
in the past two weeks. Shree Ganesh Jewellery rallied as much as 12 per cent, while
Tribhovandas Bhimji Zaveri surged 9.3 per cent in intraday trade.
Rajesh Exports - Rajesh Exports was up 3.9% at Rs. 465. So far, the counter has seen
trades of around 720,000 shares as against the two-week daily average volume of 380,000
shares.
FM to hold review meeting on PSU disinvestment - Finance Minister Arun Jaitley may
hold a review meeting on disinvestment plans for the fiscal, according to reports. A report says
that the meeting with Disinvestment Secretary Aradhana Johri would focus on the PSU stake
sale schedule of the fiscal.The government plans to raise Rs. 69,500 crore through PSU stake
sale in current fiscal.Of this, Rs 41,500 crore is to come from minority stake sale and another
Rs 28,000 crore from strategic sale.
ACC down by 2% on Q1 results ACC dropped 2 percent to Rs. 1,456 on the back of
poor Q1 earnings. ACC on Friday reported 45 percent drop in consolidated Q2 net profit of Rs.
133.4 crore in the quarter ended June 2015, as against net profit of Rs. 243.1 crore during the
previous quarter ended June 2014. The stock has hit a high of Rs. 1463.55 and a low of Rs.
1433.25. In BSE, the company's total traded quantity was around 0.75 lakh shares against two
weeks of average quantity of 0.22 lakh shares.
percent in intra-day deals after the company reported a net profit of Rs. 591 crore, in line with
Street estimates.The company had reported a net profit of Rs. 628 crore in the corresponding
quarter a year ago.
LIC Housing Finance Q1 net profit at Rs. 382 cr; NII at Rs. 659 cr The Company has posted a net profit of Rs. 3,821.339 million for the quarter ended June 30,
2015 as compared to Rs. 3,223.068 million for the quarter ended June 30, 2014. Total Income
has increased from Rs. 25,435.856 million for the quarter ended June 30, 2014 to Rs.
29,654.568 million for the quarter ended June 30, 2015.
Tata Motors to invest Rs. 38,800 crore for its passenger and commercial vehicle
segment - Country's automative giant Tata Motors, plans to invest in heavily in order to
introduce pile of new products and technology in its both passenger and commercial vehicle
segment, according to media reports.For the current fiscal year, the company has targeted to
invest around Rs. 38,800 crore as a capital expenditure.Tata Motors has already declared Rs
3,000-4,000 crore capital investments this fiscal to boost all segments, the reports added.To lift
up its JLR, it will insert in the luxury car segment around 3.5 billion pounds. JLR has been
contributing profit for the entire group for past some years, but since last year it is not in good
shape, as it reported a heavy loss of 32.7%. This year would be a important year for JLR, as it
is upgrading its technological strengths via in-house R&D at its two engineering and design
centres in the UK.JLR will be soon introducing the Jaguar XE and the Discovery Sport across
the world this year.According to reports, the company roots for approval at its AGM on August
13 to lift up to 4,400 crore by way of non-convertible debentures (NCDs) on a
private-placement basis. The amount is expected to be raised over one year from the date of
passing the resolution.
Hindustan Zinc Q1 net profit at Rs. 2,380 crore; Operating Margin at 45.7% The Company has posted a net profit of Rs. 19,208 million for the quarter ended June 30, 2015
where as the same was at Rs. 16,176.70 million for the quarter ended June 30, 2014. Total
Income is Rs. 41,938.90 million for the quarter ended June 30, 2015 where as the same was at
Rs. 37,245.60 million for the quarter ended June 30, 2014.
Tata Steel expects steel margins to remain under pressure in Europe - Tata Steel Europe
is likely to continue with the restructuring of its UK operations.Cyrus Mistry, chairman, Tata
Steel Ltd reportedly said in the companys annual report.Mistry added that the Adverse
currency movement and Chinese imports may force the company to undertake further asset
right-sizing.The company is expecting steel margins to remain under pressure in Europe in
2015.The UK business of Tata Steel Europe is the most impacted by the surge of Chinese
imports as its domestic demand continues to be weak, Mistry added in the annual report for
2014-15.Mistry also reportedly said that the global economy continues to be fragile and
uncertain especially with regard to the impact of the Chinese slowdown and the Eurozone
crisis. On 17 July, Tata Steel announced 720 job cuts at its Rotherham facility as part of its
business restructuring strategy.
India is growing at much better rate than other economies - Finance Minister Arun
Jaitley warned of a threat to job creation if investments were blocked, says report. Jaitley
reportedly said that safety of workforce cannot be ensured without an increase in economic
activity. The minister said Indian economy was the fastest growing among major economies
with most of them facing challenges. Today we are proud that in this slow environment, when
all the countries are struggling, India is the fastest growing economy among other economies,"
added FM.
India is not yet attuned for rapid change, says NR Narayana Murthy - India is not yet
attuned for rapid change. The Universities for Research & Innovation bill is pending for almost
ten years now. Our laws are still outdated. A company with foreign ownership of 50% is
deemed to be a foreign company despite being registered under the Indian Companies Act,
paying taxes in India and employing Indian employees.The land acquisition bill and GST needs
unanimous support from all stakeholders to make them more fair and acceptable to
corporations. Indias e-commerce boom is hardly a surprise and its perfectly fine for
youngsters in their 20s and 30s to hog the limelight on the back of massive market
valuations.Theres no need to question the model given the homework done by the said players
but they should keep in mind that the litmus test is still some distance away, when investors
will expect a decent return on their investments. Hence theres a strong need to control costs,
manage options and generate profits.
ONGC Videsh eyes Farzad gas field again - ONGC Videsh Ltd is planning to develop the
discovered Farsi (renamed Binaloud) block in the West Asian nation, according to reports.
OVL, along with its Indian partners Indian Oil Corporation and Oil India, had made the Farsi
discovery in 2008. OVL and team had begin exploration work as a service contractor but, under
Irans old rule. The new Iranian model offers more flexibility on cost recovery and capital
expenditure.
Indiabulls Housing Q1 cons net profit at Rs. 511 Crore - Indiabulls Housing Ltd has
posted results for the first quarter ended 30th June, 2015. The consolidated net profit for the
quarter was at Rs 511 Crore. The company's consolidated total Income at Rs 1,829 Crore.
Performance Highlights for the Quarter ended June 30, 2015 are - Gross and Net NPAs
have remained stable from Q4 FY15 and are at 0.85% of total advances & at 0.36%
respectively Net Profit for the quarter was Rs. 511 crore as against Rs. 424 crore in the
corresponding quarter of the previous year, showing a growth of 20.6% Net Interest Income
(NII) was Rs. 821.5 crore as against Rs. 652.4 crore in the corresponding quarter of the
previous year, showing a growth of 25.9% Balance Sheet size is at Rs. 53,959 crore as against
Rs. 46,359 crore in the corresponding quarter of the previous year. Total provision pool is Rs.
626.9 crore against gross NPAs of Rs. 456.9 crore, which is a provision cover of 137.2%.
HDFC Bank slips after Q1 results - HDFC Bank pared gains and plunged into the negative
zone after the private sector bank announced its June quarter results. HDFC Bank's Q1FY16
net grew by 20.7 percent to Rs. 2,696 crore when compared with Rs. 2,233 crore in the
corresponding quarter a year ago. Total income rose by 26.3 percent to Rs. 16,503 crore from
Rs. 13,071 crore. The stock finally ended 1.8 percent lower at Rs. 1,095. The stock had
registered a fresh 52-week high at Rs. 1,128 earlier in the day
SKF India plunges 4.7% after weak Q2 results - SKF India plunged 4.7 percent to Rs.
1,384 after the company's net profit declined by 14.2 percent to Rs. 46.45 crore for the quarter
ended June 2015, as against Rs. 54.14 crore in a year ago period. The stock hit a high of Rs.
1,445 and low of Rs. 1,378 on BSE today. The total traded quantity was 7967 odd-shares and
two-week average quantity is 1,927 shares. The BSE benchmark index, the Sensex, opened
marginally (23 points) in red at 28,159, and soon slipped to a low of 28,071 on the back of
weak global cues.As the day progressed, the buying spread across sectors and the BSE Sensex
marched to a high of 28,546 - up 476 points from the day's low. The Sensex finally ended with
a gain of 323 points at 28,505 - its highest level since 16 April, 2015.
Bajaj Finserv Q1 net profit at Rs. 4669Mn - Bajaj Finserv Ltd has posted a net profit after
taxes, Minority Interest and Share of Profit/(Loss) of Associates of Rs. 4669.00 million for the
quarter ended June 30, 2015 as compared to Rs. 3193.70 mn for the quarter ended June 30,
2014. Total Income has increased from Rs. 16299.30 mn for the quarter ended June 30, 2014 to
Rs. 22118.60 mn for the quarter ended June 30, 2015.
Texmaco Rail net loss at Rs. 4.1 crore; Sales at Rs. 89.4 cr - Texmaco Rail Ltd has
announced the following results for the quarter for the period ended June 30, 2015. The
company reported a net loss at Rs. 4.1 crore for the quarter ended June 2015, as against Rs. 7.8
crore in a year ago period. During the period under review, the company's Total Income stood
at Rs. 90 crore Vs Rs. 42.1 crore for the above mentioned period.
JSW Energy Q1 net profit at Rs. 2774.50 mn - JSW Energy Ltd has posted a net profit
after taxes, Minority Interest and Share of Profit/(Loss) of Associates of Rs. 2774.50 mn for the
quarter ended June 30, 2015 as compared to Rs. 3254.70 million for the quarter ended June 30,
2014. Total Income has decreased from Rs. 26001.90 million for the quarter ended June 30,
2014 to Rs. 21760.90 million for the quarter ended June 30, 2015.
M&M Financial Q1 net profit at Rs. 1074.190 mn - Mahindra & Mahindra Financial
Services Ltd has posted a net profit after taxes and minority interest of Rs. 1074.190 mn for the
quarter ended June 30, 2015 as compared to Rs. 1695.092 mn for the quarter ended June 30,
2014. Total Income has increased from Rs. 13843.704 mn for the quarter ended June 30, 2014
to Rs. 15126.520 mn for the quarter ended June 30, 2015.
Crompton Greaves Q1 cons net profit at Rs.16 Crore - Crompton Greaves Ltd has posted
a net profit after taxes, minority interest and share of profit of associates of Rs. 160.10 mn for
the quarter ended June 30, 2015 as compared to Rs. 640.20 mn for the quarter ended June 30,
2014. Total Income has decreased from Rs. 34725.80 mn for the quarter ended June 30, 2014 to
Rs. 32113.60 mn for the quarter ended June 30, 2015.
Axis Bank Q1 PAT at Rs. 1978 crore;Gross NPA at 1.38% - Axis Bank has posted a net
profit of Rs. 1978 crore for the quarter ended June 30, 2015 as compared to Rs. 1666.76 crore
for the corresponding quarter of the previous year, up by 18.69%. The companys total Income
has registered 22.58% growth at Rs. 12234.41 crore for the quarter under review from Rs.
9980.47 crore for the quarter ended June 30, 2014 The gross NPA was at 1.38%.
Biocon stock up 3% as Q1 net profit rises 23% - Shares of Biocon Ltd were trading
higher 3% at Rs. 472 on BSE today. The companys consolidated net profit increased by
22.67% to Rs. 1,26.24 crore in Q1FY16 from Rs. 1,02.91 crore in Q1FY15. Total Income has
grown by 15.44% to Rs. 856.51 crore for the quarter ended June 30, 2015 from Rs. 741.95
crore for the similar quarter of the previous year. The stock hit a high of Rs. 478 and a low of
Rs. 469.05 on BSE today. Total traded quantity on the counter stood at over 2.16 lk shares on
BSE.
Bank of Baroda advances as RBI lifts curb on FII buying - Bank of Baroda is trading on
a positive note near the highs of the day on the back of positive news flow. According to media
reports, the Reserve Bank of India (RBI) has lifted restrictions placed on foreign investors to
buy shares in Bank of Baroda, saying the limit has gone below threshold. The stock is now up
2.3 percent at Rs. 156. The counter has seen trades of around 109,000 shares as against the
two-week daily average volume of around 243,000 shares on the BSE.
RBI grants Banking Licence to IDFC Bank - IDFC Ltd has informed BSE that the
Reserve Bank of India today has granted Banking Licence for undertaking banking business in
India under Section 22(1) of the Banking Regulation Act, 1949. Now, IDFC is up almost 4
percent at Rs. 159, and has seen trades of around 854,000 shares as against the two-week daily
average volume of 379,000 shares.
Tech Mahindra announces partners for Intelligent Electric Vehicle Charging System
Project. - Tech Mahindra Ltd has announced partners for Intelligent Electric Vehicle Charging
System Project. This project is sponsored by Ministry of Energy and funded in part through
Ontaria Smart Grid Fund initiative.
Wockhardt gains after completing inspection - Wockhardt is trading on a firm note on the
BSE in early morning deals, on the back of positive news flow. According to release issued by
the company to the BSE, Wockhardt which was under the scanner of the US Food and Drug
Administration (US FDA), on Thursday said that the American health regulator has completed
inspection of its Nalagarh facility in Himachal Pradesh. The stock rallied to a high at Rs. 1,538,
and is now up over 1.5 percent at Rs. 1,527. The counter has seen trades of around 41,000
shares, as against the two-week daily average volume of 161,000 shares.
Wholesale onion price increase 70% in a month - The Wholesale onion price at
Lasalgoan in Maharashtra has increased up by 70% in just about a month, according to
reports.A report says that the prices in July usually tend to be higher because the supply goes
down.The onion was being sold at Rs. 25.50 per kg in Lasalgoan market, while the retail prices
are in the range of Rs. 35-40 per kg.The government increased the minimum export price
Cairn India buyout offer is fair - Vedanta Limited reportedly said that its offer to buy out
minority investors in Cairn India was fair. Vedanta Chief Executive Tom Albanese stated that
the group was engaging with all minority shareholders, though a vote on the $2.3 billion deal
was likely to be held only in the last three months of 2015, says report. "In all cases, with every
shareholder, we have had the engagement, as you would expect we would," Albanese said. The
buyout deal, is the latest effort by Vedanta to simplify a complex structure.
Alstom T&D India Q1 net profit at Rs. 19.6 crore; EBITDA Margin at 7.7% - Alstom
T&D India Ltd has announced the following Unaudited Standalone results for the quarter
ended June 30, 2015. The Company has posted a net profit of Rs. 195.8 million for the quarter
ended June 30, 2015 as compared to Rs. 284.4 million for the quarter ended June 30, 2014.
Total Income has increased from Rs. 6,734.6 million for the quarter ended June 30, 2014 to Rs.
8,117.6 million for the quarter ended June 30, 2015.
Maruti Suzuki launches Nexa retail outler - Maruti Suzuki India, with a vision to sell two
million vehicles annually by 2020, has launched a new initiative called Nexa. These are retail
outlets, which will sell premium products, as Maruti looks to further cement its position as the
largest carmaker in India. As per media reports, company's upcoming S-Cross model would be
the first product to be sold from Nexa outlets. S-Cross will see a launch in the first week of
August, and comes with a price tag of Rs. 10 lakh. Nearly 100 Nexa showrooms will come up
across the country over the next six-eight months.
The BJP government in Maharashtra is exploring option to retires hige cost debt of Rs. 540 bn
of its three unbundled power companies by raising loans at lower interest rate.
With plans to set standards for alcoholic drinks including beer, whisky and rum among others,
central food safety watchdog FSSAI is likely to come out with a draft notification within a few
weeks.
Civil aviation ministry has said it is not planning to cap fares. The ministry which has been
receiving complaints from parliamentarians over unreasonable fare hikes in peak season said it
is not considering a mechanism for capping of airfares to curb predatory pricing.
The Rajya Sabha-appointed select panel on the Goods and Services Tax Bill has suggested that
States be compensated for loss of revenues arising from GST implementation for five years.
The investment of Employees Provident Fund Organisation (into equity markets could go
beyond 5% depending on the response from the initial investment of up to 5%, said Union
Minister for Labour Bandaru Dattatreya.
Nasscom President said that hiring in the IT sector will rise around 6% this year.
The price of onions, a staple that has sparked protests in the past and toppled state
governments, has jumped to its highest in nearly two years and could fuel food inflation as
scant rain delays plantings.
As of May 1, 2015 a total of 758 projects were on the monitor and of these 323 were showing
time overruns against their original dates of commissioning, Minister of State for Statistics and
Programme Implementation V K Singh said in a written reply in the Rajya Sabha.
Realty players fear that the Maharashtra governments proposal to modify regulations for grant
of transfer of development rights in Mumbai based on road width will adversely impact
redevelopment projects across the city.
Ministry of mines has urged the Finance ministry to take steps to protect the domestic
aluminium industry that is facing a tough time.
India had 25.51 million broadband users in rural areas as compared to 73.69 million subscribers
in urban parts till March 2015, Parliament was.
The government has decided to update the National Population Register (NPR) and seed the
will replace Om Prakash Munjal, who led the company for more than 60 years.
RPP Infra Projects said it has won a Rs456mn contract in Chennai for a storm water drain
project.
Reliance Infrastructure led Mumbai Metro One will seek metro operational subsidy from the
state government to keep the fares lower, even as the fare fixation committee has recommended
its revision in the range of Rs 10 to Rs 110 for the over 11-km-long corridor.
Aptech Ltd has announced its partnership with Flipkart to provide skill-building programs to
train the sellers in upgrading their proficiency.
YES Bank has filed an appeal against the Bombay High Court judgment in the YES Bank and
Madhu Kapur case. The court order was made public on June 17 but had been stayed for
operations for a period of five weeks which ends on Tuesday.
Bosch plans to invest Rs4bn in its Chennai facility, which currently manufactures washing
machines.
Force Motors inaugurated its new engine manufacturing and testing facility near Chennai. The
facility will build and test engines and transmission for BMW cars and SUVs made in India.
Aiming for a dominant position in the mass-market sports utility vehicle segment in India,
Hyundai launched Creta with price starting at Rs 8.59 lakh .
The aluminium business of India's Vedanta Ltd has scaled down operations and may make
"huge" job cuts due to low world prices and rising imports.
Tata Powers plans to sell its 30% stake in Arutmin mine in Indonesia for close to US$500mn
to Bakrie group of Indonesia is delayed due to a crash in coal prices and due to a debt
restructuring plan pending with the lenders.
Bharti Airtel said it has no plans to exit its African operations even as the company has entered
into talks with France-based Orange to sell four subsidiaries in the continent
HCC has been awarded a Rs7.85bn contract by Northeast Frontier Railway in joint venture
with Coastal Projects Ltd.
Indian Hotels Company, run by the Tatas, will open 14 new properties in India and abroad
this year. This will be twice the inventory company is set to open compared to last year.
Tata Power released its strategic intent until the year 2022, which lays emphasis on scaling up
the generation capacity and value-added businesses including services and trading. By 2022,
the company plans to increase the generation capacity from 8,750 MW to 18,000 MW with
20-25% from clean and green sources, 4,000 MW distribution and decentralised distribution of
electricity generation and 10x growth in value-added businesses.
TCS will be setting up a research and development at the International Institute of Information
Technology, Hyderabad with an investment of Rs. 200 mn.
Maruti Suzuki India launched retail outlets under Nexa brand to sell premium products as the
company looks to further consolidate its position in the domestic market.
Lupin Ltd said it had agreed to buy privately-held generics company Gavis for US$880mn to
strengthen its presence in its largest market, the United States.
Tata Motors is targeting to nearly treble its exports to about 1.5 lakh units in the next 3-4
years.
Mahindra & Mahindra unveiled a new version of its off-road vehicle Thar at Rs 8.03 lakh
(ex-showroom Nashik).
Sun Pharmaceutical Industries may relegate the manufacturing facility at Paonta Sahib in
Himachal Pradesh for supplies to markets other than the US.
Adani Ports and Special Economic Zone Ltd raised US$650mn via its debut dollar bond
issue and the proceeds will be used to refinance foreign currency denominated debts and fund
capital expenditure.
Mahindra & Mahindra has no plans to foray into commercial aviation space, the company
said in statement.
Glenmark Pharmceuticals launched its low-cost anti-diabetic drug to treat Type 2 diabetes,
which it claims will be sold at half the price of similar molecule of competitors.
Adani Ports has launched its debut dollar bond to raise upto US$1.5bn.
Heritage Foods Limited is looking for a potential joint venture with a leading European
company to collaborate on value added dairy products for domestic as well as overseas market.
JSW Energy, part of the JSW Group has tweaked its growth strategy. The company will not
pursue investments in green field projects but go in for the acquisition of stressed power
projects.
Isuzu Motors India launched the automatic variant of its sports utility vehicle MU-7 priced at
Rs 23.9 lakh .
GVK Power & Infrastructure Ltd will seek shareholders nod for an enabling resolution to
facilitate the company raise up to Rs10bn, with a Greenshoe option to retain higher
subscription of about Rs5bn.
Apollo Tyres has launched a new tyre in Indian market that promises to run up to 1 lakh kms
and beyond. Jointly developed at global R&D centres in Chennai and Netherlands, the tyre
Amazer 4G Life is targetted at the mileage conscious customers.
In order to strengthen its motorcycle business in international markets, Eicher Motors MD &
CEO Siddhartha Lal has decided to relocate to the UK for a year, starting next month.
Cyient Limited announced the acquisition of Global Services Engineering Asia, based in
Singapore, from Pratt & Whitney Services Pte Limited. This site provides repairs, development
and validation for aero gas turbine engine components in support of Pratt & Whitney
throughout the region.
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