Equity report Ways2Capital 09 june 2015

TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES ) Nifty futures/Bank Nifty futures market closed on 8114.25 / 18536.80 . According to technical analysis if Nifty futures and Bank Nifty future moves down-word in tomorrow treading session then 7993 will be small support for Nifty futures and 16845 will be small support for Bank Nifty futures. If it break this level then then Nifty futures can go down to 7857 level and Bank Nifty futures can touch 15610 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 8222 for Nifty futures and 17901 is for Bank Nifty futures after breaking this level with volume there is big resistance for Nifty futures on 8222 and 18360 for Bank Nifty futures.

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES ) PIVOT POINT NIFTY DAILY

R2 8433

R1 8236

PP 8137

S1 8039

S2 7842

WEEKLY

R2 9504

R1 8646

PP 8217

S1 7788

S2 6930

MONTHLY

R2 9504

R1 8646

PP 8217

S1 7788

S2 6930

PIVOT POINT BANK NIFTY DAILY

R2 18600

R1 17940

PP 17610

S1 17280

S2 16620

WEEKLY

R2 22140

R1 19350

PP 17955

S1 16560

S2 13770

MONTHLY

R2 22140

R1 19350

PP 17955

S1 16560

S2 13770

MOVING AVERAGE

21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY BANK NIFTY

8302 18154

8407 18260

8572 18793

8367 17906

PARABOLIC SAR

DAILY

WEEKLY

MONTHLY

NIFTY BANK NIFTY

8442 18748

8728 18441

9140 17358

VOLUME

DAILY

WEEKLY

MONTHLY

NIFTY BANK NIFTY

13079175 3063300

65114788 18041604

65114778 18041604

NSE EQUITY DAILY LEVELS COMPANY NAME

R3

R2

R1

PP

S1

S2

S3

ACC ALBK

EQ EQ

1506 102

1774 99

1455 98

1442 96

1424 95

1411 93

1379 90

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

239 787 569 2307 170 190 262 432 654 438 116 3546 415 3545 980 1242 1044 2686 127 897 302 328 870 2089 118 1389 1771 1290 35579 3871 336 202 63 390 933 407 48 271 194 907 464 75 340 164

232 774 561 2262 166 185 255 425 642 420 112 3497 399 3497 959 1225 1028 2625 123 866 295 315 854 2056 112 1373 1726 1249 35036 3822 321 196 61 376 921 391 47 264 189 877 454 72 325 159

228 769 558 2245 164 183 253 420 636 414 110 3475 392 3478 948 1216 1021 2601 122 854 290 310 845 2036 109 1366 1703 1227 34743 3796 314 193 60 370 915 384 46 261 185 863 448 71 317 156

224 760 553 2218 162 181 249 418 631 403 108 3449 382 3449 937 1208 1012 2564 120 835 287 302 838 2023 106 1358 1680 1208 34492 3773 305 190 59 363 910 375 45 258 183 846 444 70 310 154

220 755 550 2200 160 179 247 413 625 396 106 3427 375 3430 926 1199 1005 2540 119 823 282 297 829 2003 103 1350 1657 1187 34199 3747 299 187 58 356 903 368 44 255 180 832 438 69 303 151

217 747 545 2173 158 177 243 411 619 385 104 3401 365 3401 916 1191 996 2503 117 804 280 289 822 1990 100 1342 1635 1168 33949 3724 290 184 57 349 899 359 43 252 178 816 434 68 295 149

210 733 538 2128 154 172 236 404 607 367 100 3352 348 3353 894 1174 980 2443 114 773 272 276 806 1957 94 1326 1590 1127 33405 3675 275 179 56 336 887 343 42 245 172 785 424 65 280 144

SBIN SSLT( VEDL) SUNPHARMA TATAMOTORS TATAPOWER TATASTEEL UNIONBANK

TOP 15 ACHIEVERS

SR.N SCRIPT NAME PREV O CLOS

CMP

//

% CHANG

SR.NO

TOP 15 LOOSERS

SCRIPT NAME

PREV CLOSE

CMP % CHANG

1

BEML

944.90

1186.10

+25.53

1

UNITECH LTD

14.05

8.95

-36.30%

2

SAREGAMA INDIA

162.55

200.35

+23.25

2

ADANI POWER

39.90

31.50

-21.05%

3

NITCO LTD

15.15

17.95

+18.48

3

PUNJAB CHEM

278.35

221.20

-20.53%

4

MAN INDUSTRIES

66.75

76.75

+14.98

4

IFB INDUS

642.10

516.15

-19.45%

5

RPG LIFE

152.75

174.90

+14.29

5

JET AIRWAYS

372.25

305.25

-18.00%

6

SRF LTD

997.50

1081.80

+8.45%

6

SE INVESTMENT 284.60

233.80

-17.85%

7

HIND PETROL

630

682.95

+8.40%

7

RPOWER

54.20

44.75

-17.44%

8

VADILAL INDUS

490.55

529.45

+7.93%

8

JINDAL STEEL

129.60

107.10

-17.36%

9

ARVIND LTD

224.05

241.75

+7.90%

9

ABAN OFFSHORE 394.35

328.45

-16.67%

10

EVERREADY

283.10

304.60

+7.59%

10

ADLABS ENTERT. 163.10

137.05

-15.97%

11

AJANTA PHARAMA

1454.40 1563.15

+7.44%

11

IBREALEST

58.70

49.70

-15.33%

12

796.90

855.70

+7.38%

12

SUZLON ENERGY 25.05

21.35

-14.77%

13

BHARAT PETROLEUM COAL INDIA LTD

383.05

405.35

+5.82%

13

NCC

84.55

72.55

-14.19%

14

IDEA

170.05

178.80

+5.15%

14

SUN PHARMA

975.55

847.90

-13.07%

15

BRITANNIA INDUS

2578.75 2709.45

+5.07%

15

WOCKHARDT LTD

1575.55

1373.25

-12.84%

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION ) IDEA ( BULLISH ) - IDEA seems bullish for next week. If it break level of 181 then with stop loss of 175 we can take long position for 194.

1.

ARVIND ( BEARISH ) - It is looking down trend for next week as per technical analysis.

Below 227 we can make short position in ICICI BANK for the target of 203 with stop loss of 233 2.

4. ICICI BANK ( BEARISH ) - It is looking down trend for next week as per technical analysis. Below 280 we can make short position in ICICI BANK for the target of 269 with stop loss of 284.

CURRENCY MARKET USDINR

R2

R1

PP

S1

S2

DAILY

64.94

64.39

64.11

63.83

63.28

WEEKLY

R2 66.03

R1 64.79

PP 64.17

S1 63.55

S2 62.31

MONTHLY

R2 66.12

R1 64.88

PP 64.26

S1 63.64

S2 62.40

EURINR

R2

R1

PP

S1

S2

DAILY

73.76

72.60

72.03

71.45

70.29

WEEKLY

R2 82.02

R1 75.04

PP 71.56

S1 68.07

S2 61.10

MONTHLY

R2 82.16

R1 75.10

PP 71.57

S1 68.40

S2 60.98

JPYINR

R2

R1

PP

S1

S2

DAILY

52.46

51.76

51.40

51.05

50.35

WEEKLY

R2 53.80

R1 52.28

PP 51.52

S1 50.76

S2 49.24

MONTHLY

R2 53.98

R1 52.32

PP 51.48

S1 50.65

S2 48.99

GBPINR

R2

R1

PP

S1

S2

DAILY

100.81

99.09

98.23

97.37

95.65

WEEKLY

R2 104.63

R1 100.33

PP 98.18

S1 96.02

S2 91.72

MONTHLY

R2 104.68

R1 100.38

PP 98.25

S1 96.07

S2 91.77

TOP NEWS OF THE WEEK NHPC Q4 net profit at Rs. 644.5 crore - NHPC Ltd Ltd has announced a net profit of Rs. 6,445.10 million for the Quarter ended March 31, 2015 where as the net loss was at Rs. 7,074 million for the Quarter ended March 31, 2014. Total Income is Rs. 16,533.90 million for the Quarter ended March 31, 2015 where as the same was at Rs. 17,786 million for the Quarter ended March 31, 2014. The Group has posted a net profit of Rs. 24913.60 million for the year ended March 31, 2015 where as the same was at Rs. 12187.50 million for the year ended March 31, 2014. Total Income is Rs. 91572.70 million for the year ended March 31, 2015 where as the same was at Rs. 87380.30 million for the year ended March 31, 2014. ✍

Just Dial Q4 net profit at Rs. 47.2 crore - Just Dial Ltd has posted a net profit of Rs. 471.60 million for the quarter ended March 31, 2015 as compared to Rs. 341.50 million for the quarter ended March 31, 2014. Total Income has increased from Rs. 1371.00 million for the quarter ended March 31, 2014 to Rs. 1835.10 million for the quarter ended March 31, 2015.

The Company has posted a net profit of Rs. 1388.90 million for the year ended March 31, 2015 as compared to Rs. 1206.10 million for the year ended March 31, 2014. ✍

As of March 31, 2015, we were conducting approximately 3,31,200 campaigns for our paid advertisers as compared to 262,150 campaigns as of March 31, 2014, representing a Y-o-Y growth of 26% As of March 31, 2015 our database consisted of approximately 15.0 million listings as compared to 11.8 million listings as of March 31, 2014 representing a Y-o-Y growth of 27% . As of March 31, 2015 we had 9,533 employees The Company currently has 24 search plus services live on the platform

Cipla stock surges on Q4 results - Shares of Cipla was higher by 2% at Rs. 663 after the company posted Q4 results.The stock has hit a high of Rs. 672 and a low of Rs. 645.The Company has posted a net profit after Minority interest and Share of Profit/(Loss) of Associates of Rs. 2596.60 million for the quarter ended March 31, 2015 as compared to Rs. 2606.90 million for the quarter ended March 31, 2014. Total Income has increased from Rs. 26109.00 mn for the quarter ended March 31, 2014 to Rs. 31538.90 million for the quarter ended March 31, 2015. ✍

RCOM plans to invest Rs. 2000 crore - Reliance Communications is planning to invest about Rs. 1,500-2,000 crore in the current fiscal , according to reports. "Our focus area would largely be to increase data revenue," RCom Chief Executive Officer for Consumer Business Gurdeep Singh reported.Report says that the company already raised $300 mn for capital expenditure. The Group has posted a net profit after taxes, Minority interest and Share of ✍

Profit/(Loss) of Associates of Rs. 2280 mn for the quarter ended March 31, 2015 as compared to Rs. 1560 mn for the quarter ended March 31, 2014. Total Income has increased from Rs. 56710 mn for the quarter ended March 31, 2014 to Rs. 57030 million for the quarter ended March 31, 2015.

Kalpataru Power FY15 net profit at Rs. 115.4 crore - Revenue for the year is Rs 7,198.2 crore as compared to Rs 7,090.3 crore in the previous year, a growth of 2%. Core Earning Before Interest, Depreciation, Tax & Ammortisation (EBIDTA) excluding other income for the year is Rs 704.3 crore as compared to Rs 589.7 crore in the previous year, a growth of 19% Profit before tax for the year is Rs 224.1 crore as compared to Rs 215.3 crore in the previous year, a growth of 4% Profit after tax for the year is Rs 115.4 crore as compared to Rs 123.9 crore in the previous year. Commenting on the results, Mr Manish Mohnot (Jt. Managing Director) said"Despite several headwinds in domestic and international markets, Kalpataru Power has continued to achieve profitable growth due to our strong project execution capabilities. Company has also enhanced its global footprints by venturing into two new territories (Poland and Bostwana) and extending the reach to over 40 countries. In April 2015, Company has also achieved commercial operation of our second transmission BOOT project in record 16 months. ✍

Jet Airways stock slumps 6% on Q4 results - Shares of Jet Airways was lower by 6% at Rs. 362 after the company posted Q4 results on Friday.The stock has hit a high of Rs. 372 and a low of Rs. 356.The Company has posted a net (loss) of Rs. (17289.90) mn for the quarter ended March 31, 2015 as compared to Rs. (21535.70) million for the quarter ended March 31, 2014. Total Income has increased from Rs. 46781.70 mn for the quarter ended March 31, 2014 to Rs. 52901.40 mn for the quarter ended March 31, 2015.The Company has posted a net (loss) of Rs. (18137.10) mn for the year ended March 31, 2015 as compared to Rs. (36678.50) million for the year ended March 31, 2014. Total Income has increased from Rs. 177134.70 mn for the year ended March 31, 2014 to Rs. 202807.30 million for the year ended March 31, 2015. ✍

IRB Infra receives directions from Govt to stop toll collection of 2 BOT projects Shares of IRB Infrastructure Developers Ltd were trading 3% higher at Rs. 254 on BSE today.

The company has received the directions from the Government of Maharashtra: ✍

1. To stop Toll Collection on Mohol - Mandrup - Kamtee BOT Project and Nagar -Karmala-Tembhurni BOT Project with effect from midnight of May 31, 2015; 2. To exempt cars and MSRTC buses from paying toll on Thane - Ghodbunder BOT Project.

The company have understood from various media reports that Government has been considering closure of 12 toll plazas in the state while exempting private light motor vehicles and buses of the state transport corporation at 53 toll plazas from June 1. Hence, the Company will be complying with these directives of the Government. However the Company will also

contemplate various options to protect its interests with regard to these Projects.It may also be noted that these three BOT Projects cumulatively contribute less than 3% of the consolidated Toll revenues of the Company.The stock opened at Rs. 254 as against the previous close of Rs. 247on BSE. It has hit a high of Rs. 256 and a low of Rs. 250 on BSE today.Total traded quantity on the counter stood at over 1.16 lk shares on BSE.

BEML zooms 7% on blockbuster results - BEML has zoomed over 11 percent to a high of Rs. 1,152 on the back of blockbuster Q4 results. According to a release issued by the company to the BSE, the company's Q4FY15 net profit soared over 164 percent to Rs. 168.85 crore when compared with Rs. 63.89 crore in the corresponding quarter a year ago. Total income also surged by nearly 61 percent to Rs. 1,311 crore from Rs. 815 crore. The stock is now up 7.7 percent at Rs. 1,116. The counter has seen heavy volume of around 126,000 shares so far as against the two-week daily average volume of around 61,000 shares on the BSE. ✍

Power Transmission & Distribution Business - The Business has bagged orders worth Rs. 517 crores in both the international and domestic markets including add ons.In the domestic market, a rural electrification project under the Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) scheme has been bagged in Gorakhpur, Uttar Pradesh, from Purvanchal Vidyut Vitran Nigam Limited. ✍

On the international front, this business has received an EPC (Engineering, Procurement & Construction) order from a private developer for two 132/11kV substations in the Middle East.

Buildings & Factories Business - The Business has secured an order worth Rs. 300 crores.

It is for the design and construction of an integrated foods manufacturing factory in Punjab, from a prestigious client. The scope of work includes civil and structural works, pre-engineered buildings, mechanical, electrical, and plumbing works of 8 Lakh Sq. ft. The project is scheduled to be completed in 16 months. ✍

✍

Water Smart World & Communication Business - The Business has secured orders worth

Rs. 282 crores including add ons. One of the orders has been received from a reputed developer for turnkey construction of water and waste water infrastructure facilities at an upcoming township at Durgapur, West Bengal.

✍

Reliance Inds recoup losses, up over 0.5% - Reliance Industries witnessed a fresh buying

in early-noon deals and manage to rebound into green zone, on the back of positive news flow.According to a release issued by the company to the BSE, Reliance Industries today announced that it has signed a definitive agreement for the sale of its entire holding of 49.9 percent interest in EFS Midstream LLC ("EFS") to an affiliate of Enterprise Products Partners

L.P ("Enterprise") for a total consideration of approximately $ 1,073 mn.So far, the stock has surged 3 percent from the day's low of Rs. 891 to hit a high at Rs. 918.

Now, Reliance Industries is up over 0.5 percent at Rs. 907, and has seen trades of around 390,000 shares as against the two-week daily volume of 304,000 shares.

Allahabad Bank to cut Base Rate by 30 bps to 9.95% from Jun 8 - Allahabad Bank has informed BSE that the Bank has decided to cut its BASE RATE and Benchmark Prime Lending Rate (BPLR) by 30 basis point, effective from June 08, 2015. Consequently, the BASE RATE will be reduced to 9.95% from existing 10.25% and BPLR of the Bank will be reduced to 14.20% from existing 14.50% with effect from June 08, 2015.At 1:05 PM, the stock of the company is trading at Rs. 102.15. The stock is trading down 4% from its previous close which was at Rs. 106.55. It hit a high at Rs. 107 and low at Rs. 102. The total traded quantity is 2.39 and two-week average quantity is 1.59 lakh. ✍

Royal Enfield sales increases by 41.35% - Royal Enfield has reported 41.35% rise in total sales in May at 35,354 units as against 25,010 units last year in the same month.The exports stood at 739 units which is again a rise of 48 precent as 501 was last year’s figure.The Domestic sales also jumped to 41.23% comprising of 34,615 units which was 24,509 units in May 2014.Motorcycles with engine capacity up to 350cc increased by 40 per cent which stood at 31,227 units earlier it was 22,356 units and the sales of the same company exceeded by 56 percent which is 4127 units which was previously 25,654 units. ✍

✍

Apollo Hospitals to acquire 51% stake in Assam Hospitals - Apollo Hospitals Ltd has

entered into agreement for acquisition of 51% stake in Assam Hospitals Ltd.The acquisition would be for an overall consideration not exceeding a sum of Rs. 57.25 crores.

✍

Maruti Suzuki introduces diesel variant of model Celerio - Maruti Suzuki India Limited,

market leader in passenger vehicles, today introduced the diesel variant of its popular model Celerio. Maruti Suzuki Celerio, the car that first brought the acclaimed Auto Gear Shift technology to India, now becomes the first car to offer a super compact diesel engine option to Indian car buyers. Celerio Diesel offers 27.62 Kmpl , making it India’s most fuel efficient car.

On the launch, Kenichi Ayukawa, MD & CEO, Maruti Suzuki, said, “Celerio, powered by DDiS 125 engine, is India’s most fuel efficient car. This is also the first diesel engine designed and developed by Suzuki Motor Corporation. It is designed to offer a smooth drive and strengthens Celerio’s reputation as a car that offers easy drive in cities as well as on highways.

✍

Reliance Power stock slumps 19% - Shares of Reliance Power Ltd was lower by 18% at

Rs. 41.The stock has hit a high of Rs. 51 and a low of Rs. 41. Total traded quantity on the counter stood at over 19.36 lk shares. ✍

Unitech stock crashes 45% - Shares of Unitech Ltd crashed by 45% at Rs. 7.40 after the

Reserve Bank of India (RBI) warned on future rate cuts, after reducing the repo rate by 25 basis points to 7.25 percent.

The stock has hit a high of Rs. 13.58 and a low of Rs. 7.40.

✍

South Indian Bank stock up over 2% - South Indian Bank has jumped 2.3 percent in the

early morning deals on the BSE on getting board approval to increase borrowing limit to Rs. 6,000 crore from Rs. 5,000 crore.According to a release issued to the BSE, the company is also seeking the approval of shareholders to increase FII limit to 59 percent from 49 percent. The stock is now up 2.1 percent at Rs. 24.05. The BSE counter has seen trades of around 106,000 shares, as against two-week daily average volume of 388,000 shares.

✍

Sundram Fasteners acquires 49.16% stake in TVS Infotech - Sundram Fasteners Ltd

has announced that it has acquired 49.16% stake in TVS Infotech from Sundram Fasteners Investments Ltd.SFIL holds 13.10% of equity share capital of TVS Infotech.

✍

ICICI Bank drops on turning ex-dividend - ICICI Bank is trading on a negative note on

the BSE after the stock turned ex-dividend today, for Rs. 5 per share.So far, the stock has tumbled 3 percent to a low at Rs. 287 and is now down 2.4 percent at Rs. 289.The BSE counter has registered trades of around 505,000 shares, as against two-week daily average volume of 832,000 shares.

✍

GMR Infrastructure stock down 4% - Shares of GMR Infrastructure Ltd were lower by

4% at Rs. 12. The stock has hit a high of Rs. 13 and a low of Rs. 12. The Group has posted a net profit / (loss) after tax, minority interest and share of profit / (loss) of associates of Rs. (8919.00) mn for the quarter ended March 31, 2015 as compared to net profit of Rs. 11701.80 million for the quarter ended March 31, 2014. Total Income has decreased from Rs. 30668.10 mn for the quarter ended March 31, 2014 to Rs. 29977.30 mn for the quarter ended March 31, 2015.

✍

Sebi may ease ESOP rule: Reports - Securities and Exchange Board of India is reviewing

rules on employee stock options (Esops) after new insider trading rules restricted the timing of sales of such shares, says a report. A report stated that SEBI may allow employees to sell shares received as part of Esops after pre-clearance from compliance officer or through some other mechanism.

✍

Bank of Baroda cuts Interest rates on select term deposits by 25 bps - Bank of Baroda

has informed BSE that the Bank has decided to revise rates of interest payable on term deposits of Below Rs. 1 crore and Rs. 1 Crore to Rs. 10 crore, applicable to the renewal of existing deposits and fresh deposits, with effect from June 08, 2015.The stock of the company closed down 0.31% at Rs. 161.25. It hit a high at Rs. 163.85 and low at Rs. 159 on BSE today.On Wednesday, Dena Bank has reduced its Base Rate by 25 basis points from 10.25 % to 10 % with effect from June 8.

✍ Top Economy news Beating its own financial target, the government has contained the fiscal deficit at 3.99 % of GDP in 2014-15.

With conditions not favouring its progress, Southwest Monsoon is expected to hit the Kerala coast by June 4, three days after its normal onset date, the MET department said.

The Finance Ministry came out with new three-page income tax return (ITR) forms, dropping the controversial provision for mandatory disclosure of foreign trips and dormant bank accounts, while it also extended the last date of filing to August 31.

The annual infrastructure output fell 0.4% year-on-year in April, its second straight contraction, dragged down by lower production of electricity, crude oil and cement.

Textiles and clothing exports from India recorded a marginal 5.43 % growth in 2014-15 despite unfavorable government policies which make Indian exports uncompetitive in developed countries.

The government is mulling to sell eight loss-making ITDC hotels to strategic investors and will soon work out the moralities of valuation and mode of sale.

With the forecast of monsoon rainfalls revised downwards, the Ministry of Agriculture has directed states to be ready with contingency plan and start preparations for short duration crops this kharif season.

RBI Governor Raghuram Rajan delivered the first policy rate cut of the current financial year, paring the interest rate at which banks can borrow from the central bank to 7.25 % from 7.50%.

(BL) The Reserve Bank will issue licences to either small finance banks or payment banks by the end of August end, said RBI Governor Raghuram Rajan.

Agriculture Minister Radha Mohan Singh exuded confidence over tackling deficient monsoon, minimising production losses and its possible impact on overall economy.

Non-repatriable investments by NRIs, OCIs and PIOs will be treated as domestic investments and will not be subject to foreign direct investment caps, the Commerce and Industry Ministry said.

The 161-member World Trade Organization (WTO)urged India to undertake greater reform in its taxation regime even as it highlighted the need to further liberalise the country's foreign direct investment (FDI) policy.

Foreign direct investment (FDI) in India declined by 40 % year-on-year to US$2.11 bn in March 2015, the lowest in the last four months of 2014-15 fiscal.

� Top corporate news ONGC Videsh Ltd is among the 19 companies and seven groups to have pre-qualified to bid for Mexico's maiden offshore oil blocks auction.

Tata Motors is gearing up to expand its commercial vehicle business in South India, a stronghold of Ashok Leyland, by adding 15 showrooms and 70 semi-mobile workshops.

Adani Enterprises is mulling to bid for the now-shut Sindri urea plant in Jharkhand as it plans to foray into the fertiliser sector.

Fresh from its US$4 bn takeover of Ranbaxy, Sun Pharma says it is open to further acquisitions but will consider only targets "which will not require significant amount of management involvement".

Snapdeal will allow its users across 200 cities to pay through their credit and debit cards when they opt for pay-on-delivery option.

Aurobindo Pharma Limited has received final approvals from the US Food and Drug Administration to manufacture and market anti-infective Metronidazole tablets of 250 mg and 500 mg dosages.

Jet Airways announced a limited period offer of discount of up to 30% on base fares on its premier and economy-class tickets for travel beyond September 14.

Jet Airways has handed over pink slips to 50 of its expat pilots by prematurely terminating their contracts, bringing their number to 88, as part of its cost-cutting measures as well as reducing dependency on the high-cost overseas flight crew.

BHEL said it has bagged a Rs. 3.7bn order for supply and installation of a power cycle piping

(PCP) package for Barh project of NTPC.

BHEL has bagged its largest order amounting to Rs179.5bn from Telangana State Power Generation Corp (TSGENCO) to set up a 4,000 MW plant at Yadadri.

Hindustan Construction Company said it has sold its entire 26% stake in Mumbai-based Vikhroli Corporate Park to Blackstone Purchase Entities for about Rs2bn.

IDBI Bank has eased the restrictions on corporate lending after it improved performance on Priority Sector Lending (PSL) in 2014-15.

Thomas Cook India's subsidiary Quess Corp entered into a pact with Qatar-based Transfield Services (Qatar) WLL to acquire 49 % stake for an undisclosed amount.

Indian Oil Corp has halved its term oil import deal with Kuwait to 100,000 barrels per day (bpd) as the refiner cuts its dependence on long-term purchases in favour of cheaper spot deals.

Cairn India, which has suffered due to low oil prices, wants the government to allow it to export crude oil, quickly extend its contract for the Rajasthan block and increase the price of natural gas, its finance chief said.

Star India has teamed up with DFL Sports Enterprises, the sales entity of the DFL (German football league) to bring Bundesliga football to fans in India, Bangladesh, Bhutan, Nepal, Sri Lanka and Maldives exclusively.

Apollo Hospitals Enterprise Ltd (AHEL) has announced acquisition of majority stake in Guwahati-based Assam Hospitals Ltd for a consideration of around Rs.572mn. The acquisition is expected to strengthen Apollo Hospitals' presence in the Northeast

In keeping up with its brand acquisition spree, Emami Ltd has acquired Kesh King anayurvedic hair oil brand - the biggest of Himachal Pradesh-based SBS Biotech. The deal has been valued at Rs16.51bn.

Reliance Industries will produce 23 mn standard cubic meters per day of more gas from five discoveries in the flagging KG-D6 block by 2016-17, the Oil Ministry said in its latest annual report.

Reliance Industries will sell its 49.9 % stake in a US joint venture that owns a pipeline network for transportation of shale oil and gas to New York-listed Enterprise Products Partners for US$1.07bn.

Reliance Capital plans to set up a global commodity exchange in International Finance Service Centre at GIFT City here, along with a host of other international business.

Reliance Communications will invest about Rs15-20bn in the current fiscal to increase its data business.

Tata Global Beverages is planning to make its acquired coffee brand from Australia, Map, a power brand in its portfolio.

Corporation Bank is keen to raise its current account savings account (CASA) ratio to 25 % by end March 2016, its Chairman and Managing Director S R Bansal has said.

Future Group said it is removing the packs of Maggi noodles from its stores such as Big Bazaar, Food Bazaar, Nilgiris, Easyday.

Larsen & Toubro (L&T) bagged a Rs4.68bn contract from the Ministry of Defence for the design and construction of a floating dock for the Indian Navy (FDN).

L&T Infrastructure Finance Company will raise Rs7.5bn on private placement basis via non convertible debentures.

With the economy showing signs of revival, Larsen & Toubro has decided to go slow on its international business by restricting overseas orders to 25 %.

Larsen & Toubro (L&T) said it has bagged orders worth Rs11bn across various business verticals last month.

Maruti Suzuki India (MSI) launched a diesel variant of hatchback Celerio, powered by parent Suzuki's first diesel engine, priced between Rs.0.465-0.571mn (ex-showroom Delhi).

Punjab National Bank (PNB) slashed interest rates on fixed deposits by 0.25% on select maturities, a move which could be seen as precursor to a cut in the lending rate.

Tech Mahindra expects digital revenue to cross US$500 mn by the end of 2015, helping the company move towards its US$5bn topline target.

PTC India Financial Services said it has raised Rs.2.13bn through a private placement of non-convertible debentures.

Bharti Airtel said it has approached investors for issuance of 10-year US dollar bonds.

Bharti Airtel said it has raised US$1bn through issuance of 10-year bonds to international investors.

Indian Oil Corp (IOC) will next week import a shipload of crude oil from Iraq to fill up the nation's maiden strategic oil reserves to insulate it from supply disruptions.

Infosys said that it has completed the acquisition of Kallidus Inc., a San Francisco based digital as well as mobile commerce solutions provider which operates under the brand name, Skava.

Aditya Birla Nuvo has informed exchanges that it has entered into definitive joint venture agreement with MMI Holdings, a leading South African Insurance based financial services group, to enter into the health insurance and wellness business in India.

Mahindra First Choice Services (MFCS) has projected total investment of almost Rs1.25bn in Uttar Pradesh over the next five years.

NMDC Limited, has rolled over the existing iron ore prices to June month in anticipation of

demand growth even as the off-take from the domestic steel sector remained subdued in the past couple of months, according to the officials.

At a time when credit growth has been under pressure for most lenders, ICICI Bank is confident of growing its loan book 3-4% ahead of the system.

ONGC Videsh is withdrawing from the Poco-Verde area in the Sergipe-Alagoas offshore basin where Brazil's state-run Petroleo Brasileiro SA recently discovered a new light oil deposit.

Fitch assigned a stable outlook to Power Finance Corporation and Rural Electrification Corporation.

Suzlon said it has bagged a 90.30 MW turnkey project from ReNew Power.

Nestle's woes are far from over as after Delhi, Gujarat banned the instant noodle snack for one month.

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