Equity Research Report 14 September 2015 Ways2Capital

TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES ) Nifty futures/Bank Nifty futures market closed on 7785/16605 According to technical analysis if Nifty futures and Bank Nifty future moves down-word in tomorrow treading session then 7713 will be small support for Nifty futures and 16413 will be small support for Bank Nifty futures. If it break this level then then Nifty futures can go down to 7630 level and Bank Nifty futures can touch 15917 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 7890 for Nifty futures and 16845 is for Bank Nifty futures after breaking this level with volume there is big resistance for Nifty futures on 7984 and 17343 for Bank Nifty futures.

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES ) NIFTY DAILY

R2 8161

R1 7925

PP 7807

S1 7689

S2 7571

WEEKLY

R2 8700

R1 8060

PP 7740

S1 7420

S2 6780

MONTHLY

R2 8927

R1 8151

PP 7763

S1 7375

S2 6599

DAILY

R2 17501

R1 16925

PP 16637

S1 16349

S2 15773

WEEKLY

R2 19413

R1 17403

PP 16398

S1 15393

S2 13383

MONTHLY

R2 20170

R1 17706

PP 16474

S1 15242

S2 12778

BANK NIFTY

MOVING AVERAGE

21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

7962

8276

8269

8431

BANK NIFTY

17085

18053

18067

18504

PARABOLIC SAR

DAILY

WEEKLY

MONTHLY

NIFTY

7559

8549

8908

BANK NIFTY

15889

11955

10872

NSE EQUITY DAILY LEVELS COMPANY NAME

R3

R2

R1

PP

S1

S2

S3

ACC

EQ

1443

1408

1387

1373

1352

1339

1312

ALBK 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 EQ

81 224 845 521 2431 192 142 229 364 682 350 133 4127 315 3617 954 1209 1040 2419 81 824 278 322 919 1136 67 662 1680 1242 43785 4431 238 134 70 364 904 372 40 241 111 868 381 65 260 180

78 216 831 502 2370 187 137 220 356 668 343 129 4064 301 3542 935 1193 1027 2383 79 809 272 318 896 1115 64 647 1643 1207 42240 4379 233 130 67 352 884 358 39 235 105 857 365 62 248 173

76 211 823 491 2345 183 134 215 352 660 338 127 4037 293 3495 927 1184 1020 2363 77 803 270 315 882 1102 63 638 1620 1185 41388 4348 231 128 66 345 872 349 38 232 101 850 354 61 240 169

75 209 817 483 2309 181 132 212 349 654 335 125 4001 288 3467 917 1177 1013 2347 76 793 267 314 872 1094 61 633 1606 1172 40694 4328 229 126 64 340 864 343 37 230 98 845 348 60 235 166

74 204 809 472 2284 177 130 207 344 647 330 123 3974 279 3420 909 1169 1007 2327 75 787 264 311 858 1082 60 624 1583 1150 39842 4296 226 123 63 333 852 335 36 227 94 839 338 58 228 162

73 201 802 464 2248 175 127 204 341 641 327 121 3938 274 3392 898 1161 1000 2311 74 777 261 310 848 1073 58 618 1569 1138 39148 4276 224 122 62 327 844 329 35 225 92 834 331 57 223 160

71 193 791 451 2209 173 124 196 335 632 321 117 3882 268 3320 883 1149 989 2277 72 769 256 307 836 1052 55 607 1543 1109 37603 4235 221 119 61 317 829 320 34 251 88 826 319 55 215 154

SBIN SSLT( VEDL) SUNPHARMA TATAMOTORS TATAPOWER TATASTEEL UNIONBANK

TOP 15 ACHIEVERS PREV CLOSE

CMP

BF INVESTEMNT LTD JSW ENERGY

120.80 69.10

150.70 81.80

CENTRAL BANK DLF LTF

66.95 109.70

76.25 124.80

RCOM CAPLIN POINT LAB

59.20 1396.85

+9.80 65 1532.25 +9.69

5

+8.59

7

SR.NO

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

//

SCRIPT NAME

ZEE ENTERTAINMENT 361 VIPUL LTD 41.40

392 44.95

ROSSELL INDIA YES BANK LTD

92.70 659.25

100.60 710.95

RALLIS INDIA GITANJALI GEMS

204.55 35.30

220.25 37.90

CEAT LTD MARUTI SUZUKI

1133.30 4030

JAIN IRRIGATION

55.70

% CHANGE

SR.NO

+24.75

1

+18.38

2

+13.89

3

+13.76

4

+8.57

6

8

+8.52

9

+7.84

10

+7.68

11

+7.37

12

+7.31 1216.10 4317.75 +7.14

13

+7.00

15

59.60

14

TOP 15 LOOSERS SCRIPT NAME

TORRENT PHARMA UNIPLY INDUSTRIES JUBILIANT LIFE SCIE. EXCEL INDUSTRIES

PREV CLOSE

CMP

% CHANGE

1625.50 140.10

1421.25 -12.57 122.80 -12.35

352.05 294.05

312.05 266.40

TEXMACO RAIL ESCORTS LTD

114.80 170.65

104.10 156.25

-9.32 -8.44

TITAGARH WAGONS NILKAMAL INDUS.

104.15 984.45

95.45 903.55

-8.35 -8.22

SUN TV TECHNO ELECTRIC

371.80 563.85

341.80 521.40

-8.07 -7.53

-11.36 -9.40

BHARAT FORGE 1114.25 ABAN OFFSHORE 250.15

1030.70 -7.50 231.70 -7.38

GLENMARK PHARMA AJANTA PHARMA LTD

1079.55 1515.50

1002.65 -7.12 1409.95 -6.96

MAXWELL INDUS.

49.80

46.40

-6.83

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION )

1.

BANK BARODA FUTURE : BANK BARODA FUTURE OPEN AT 181.35 AND CLOSE AT 179.80 MADE LOW OF 179.45 AND HIGH OF 184.70. OVERALL TODAYS TREND OF BOB IS IN BEARISH TRENDBANK BARODA FUTURE CLOSE AT 179.80 NEAR TO ITS DAYS LOW OF 179.45 .WE CAN MADE SHORT POSTION BELOW THTIS LEVEL IT CONITNUE IN BEARISH TREND BELOW THE LEVEL OF 179.45.IF NIFTY MOVEMENT IS IN BEARISH TREND.

2.

STAR FUTURE : STAR FUTURE OPEN AT 1113.95 AND CLOSE AT 1100 MADE LOW OF 1093.60 AND HIGH OF 1126.90.OVERALL TODAYS MOVEMENT OF STAR IS IN BEARISH TREND WE CAN MADE SHORT POSTION BELOW THE LEVEL OF 1090 IF NIFTY MOVEMENT IS IN BEARISH TREND.

3.

TATA STEEL FUTURE : TATA STEEL FUTURE OPEN AT 243.85 AND CLOSE AT 233.85 MADE HIGH OF 244.35 AND LOW OF 231.35.TODAY’S MOVEMENT OF TATA STEEL IS IN BEARISH TREND.IT CONINUE IN BEARISH TREND BELOW LEVEL OF 232 IF NIFTY MOVEMENT IS IN

BERARISH TREND. 4.

RECLTD FUTURE : RECLTD OPEN AT 253.40 AND CLOSE AT 247.85. MADE LOW OF 246 AND HIGH OF 253.40 TODAY’S TREND OF RECLTD FUTURE IS IN BEARISH TREND.IT CONITNUE IN BERAISH TREND BELOW THE LEVEL OF 246 IF NIFTY MOVEMENT IS IN BEARISH TREND.

5.

HDFC FUTURE : HDFC OPEN AT 1175.45 AND CLOSE AT 1176.05 MADE HIGH OF 1186.75 AND LOW OF 1171.10 WE CAN MADE SHORT POSTION IN HDFC FUTURE BELOW THE LEVEL OF 1170. IF NIFTY MOVEMENT IS IN BEARISH TREND.

6.

CAIRN : IF CAIRN GIVES CLOSING BELOW 144 THEN IT MAY CORRECT FURTHER UPTO 138/136 LEVEL.

7.

CROMPGREAV : IF CROMPGREAV CLOSES BELOW 165 ON DAILY CHARTS THEN IT WILL TEST THE 161 LEVEL.

8.

RPOWER : RPOWER CAN SHOW UPWARD MOMENTUM UPTO THE LEVEL OF 40.50 IF IT BREAKS 38 AND SUSTAIN ABOVE IT ON CLOSING BASIS.

9.

AMBUJACEM : AMBUJACEM CAN GIVE CORRECTION UPTO 202/200 LEVEL IF IT CONTINUES TO TRADE BELOW 206.50.

10. DLF : DLF CAN CORRECT UPTO 120/118 IF IT BREAKS 123.50 LEVEL ON DAILY CHART.

NSE - WEEKLY NEWS LETTERS TOP NEWS OF THE WEEK ✍ ATC plans to acquire majority stake in Viom Networks - American Tower Corp is reportedly planning to acquire a majority stake in tower rival Viom Networks that will see the Tata group retain a minority stake, according to reports. Report says that the ATC board is expected to approve the deal this week. Tata Teleservices has 54% stake in Viom and Srei owns 18.5% while the rest is held by private equity firms Macquarie SBI Infrastructure, GIC Investments, IDFC Private Equity and Funderburk Mauritius (Oman Investment, says report. ✍ CCI clears EMC's additional stake buy in McNally Bharat - The Competition Commission has cleared EMC's proposed acquisition of 19.77% stake in McNally Bharat Engineering Company Ltd, according to reports. Earlier in June, there were reports that EMC would make additional investment of up to Rs. 100 crore as primary equity capital in McNally.

As per the deal , McNally would raise Rs. 100 crore through preferential allotment of 10 million new shares to EMC, says reports.EMC already has 12.5 per cent shareholding in the company. ✍ Maruti Suzuki may increase Gujarat unit production: Reports - Maruti Suzuki is reportedly planning to advance production from its Gujarat facility by three to six months. The company may begin production from Gujarat in January 2017,says report. The construction of the factory is under way. RC Bhargava, chairman of Maruti Suzuki reportely said that the effort is to start the project soon and keep the cost down as far as possible. ✍ China assures stability in financial markets, economy - China over the weekend tried to soothe frayed global nerves over its economy by saying that it's financial markets are expected to remain stable and the renminbi is not on course for a long-term devaluation. China's top financial officials told the group of 20 nations in Ankara, Turkey that its fiscal spending will grow faster than expected this year. Finance Minister Lou Jiwei said that central government spending will grow by 10% this year, more than the 7% growth budgeted at the start of the year.

China will raise dividend payments from designated state-owned enterprises to make up for any shortfalls, according to an official statement. China's overall GDP growth will remain ~7%, as predicted earlier in the year, and the new economic normal may last for 4-5 five years, Lou said.

✍ PSUs increase efforts to buy overseas energy assets : Report - Public sector companies such as ONGC Videsh Ltd. have reportedly stepped up efforts to scout for oil & gas assets abroad and have already signed confidentiality agreements for ~6 potential projects. In one such instance, OVL said last week that it was buying a 15% stake in a unit of Russia’s OAO Rosneft for US$1.3bn. Agreements on the deal were reached during a meeting between Russian President Vladimir Putin and Indian Prime Minister Narendra Modi in Ufa in July. According to ONGC’s Perspective Plan 2030, the company is aiming to produce more than 130 million tonnes (mt) of oil equivalent by 2030, of which half will come from assets owned by OVL.According to reports, Indian PSUs in the energy space have a presence in more than 20 countries, with a total investment of US$13bn. OVL has a production of 167,000 barrels of oil & oil equivalent gas per day and total reserves of ~647 mt of oil equivalent from its 36 projects in 17 countries. OVL’s target is to reach 20 mt by 2018 and 60 mt by 2030. ✍ Maruti developing new platform for Swift, DZire, Ertiga: Report - Maruti Suzuki India is reportedly planning complete overhaul of its popular models such as the Swift, the Swift Dzire and the Ertiga as part of its strategy to double annual sales to 2 million units by 2020.

The new platform that Maruti is developing has reportedly been code-named YSD. The first car based on this platform will be a revamped Swift, which will be launched by 2018, according to a business newspaper. Maruti reportedly plans to sell 700,000 units globally every year by 2020 based on the new YSD platform. The cars from the new platform will be made in the company’s Gujarat plant, which will be operational in 2017, the paper said. ✍ Amara Raja to commission AP tubular battery plant by Dec 2015 - Amara Raja Batteries plans to commission the tubular battery plant at Nunegundlapalli in the Chittoor district of Andhra Pradesh by December 2015, Vice-Chairman and MD Jaydev Galla told shareholders. The four-wheeler automotive battery plant will help to enhance the company's market share, he added. In March 2015, the company had commissioned a four-wheeler battery plant at the same location. The plant was formally inaugurated by Andhra Pradesh Chief Minister N Chandrababu Naidu in May 2015.“The full impact of volumes from this plant would be seen in the current financial year," Galla said at the company's 30th Annual General Meeting . ✍ IndusInd Bank slips; RBI removes company from caution list - Shares of IndusInd Bank was lower by 0.27% on reports that Reserve Bank has removed IndusInd Bank from its caution list, allowing foreign investors to buy further shares in the lender. The stock opened at Rs.850

as against the previous close of Rs.840 on BSE. It has hit a high of Rs. 860 and a low of Rs. 835 on BSE today. Total traded quantity on the counter stood at over 1.23 odd-shares on BSE. The stock opened at Rs.850 as against the previous close of Rs.840 on BSE. It has hit a high of Rs. 860 and a low of Rs. 835 on BSE today. Total traded quantity on the counter stood at over 1.23 odd-shares on BSE. ✍ Vijaya Bank reduces base rate by 0.15%; stock down - Shares of Vijaya Bank was lower by 0.14% after the bank announced that it has reduced its base rate by 0.15 per cent to 9.85 per cent. The stock opened at Rs. 35 as against the previous close of Rs. 35 on BSE. It has hit a high of Rs. 35 and a low of Rs. 35 on BSE today. Total traded quantity on the counter stood at over 0.11 odd-shares on BSE. ✍ Texmaco Rail dips marginally after UGL likely to exit locomotive Jv - Shares of Texmaco Rail Ltd were trading marginally lower at Rs. 112 on BSE today. According to reports, the company partner UGL is likely to exit locomotive JV on low demand. The stock opened at Rs. 112.20 as against the previous close of Rs. 112.25 on BSE. It hit a high of Rs. 112.25 and a low of Rs. 109 on BSE today. Total traded quantity on the counter stood at over 1,829 odd-shares on BSE. ✍ ITC plans to offer distribution networks to startups : ITC is reportedly planning to offer its distribution network, to startups and smaller FMCG companies, says report. Report says that the company is planning to acquire stake in some of these smaller companies.The company has created a separate division for distribution. Earlier, distribution was part of the firm's cigarette division called India Tobacco Division. ✍ Aircel eyes Rs. 1800 crore revenue in next 5 years - Aircel is eyeing a revenue of Rs. 1800 crore by doubling its subscriber base in Assam to 10 million over next five years, according to reports. According to reports, the company plans to add more 4 lakh customers by the end of this month, in order to improve the position of the company further. The company currently has 46 lakh subscribers in Assam holding a second largest position in the state. "There is a huge potential in Assam. The tele density of the state is 54 per cent compared to that of 77 per cent for pan-India level.” Aircel Business Head (Assam Circle) Dibyajyoti Khaund was quoted as saying. The income of the company from each subscriber is around Rs 147 per month and it is going up every year.

✍ Govt to curb prescription and sale of antibiotics - The government may issue restrictions on prescription and sale of commonly used antibiotics, according to reports. Report says that this move is part of the new global strategy, adopted by all member countries of the World Health Organization, to fight drug-resistant diseases. The doctors and chemists will have to follow certain mandatory protocols and guidelines while prescribing antibiotics, says report. ✍ Vedanta plans to ramp up aluminium production - Vedanta is planning to step up metal production at its Jharsuguda smelter, according to reports. Report says that this has been made possible by an interim order of the Odisha Electricity Regulatory Commission . "A few formalities remain to be completed with the state and regulators ," Abhijit Pati, chief executive of Vedanta's aluminium business was quoted as saying. ✍ Kotak Mahindra Mutual Fund launches Capital Protection Oriented Scheme-Series 1 -Kotak Mahindra Mutual Fund introduced the Kotak Capital Protection Oriented Scheme-Series 1, a close-ended income scheme. The new fund offer opens for subscription on September 7 and will close on September 21, 2015. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs. 5,000. The scheme’s performance will be benchmarked against customised index–CRISIL Composite Bond Fund Indexband CNX Nifty and its fund managers are Abhishek Bisen and Deepak Gupta. The investment objective of the scheme is to seek capital protection by investing a portion of the portfolio in highest rated debt securities and money market instruments and also to provide capital appreciation by investing the balance in equity and equity related securities. ✍ J&K Floods; insurers disbursed Rs. 2,500 cr as insurance claims - Insurance companies in Jammu and Kashmir are the biggest contributors to the city’s rehabilitation after the floods and have disbursed around Rs. 2,500 crore as insurance claims. “As of now the insurance companies have disbursed around Rs 2,500 crore as claims,” said Sheikh Ashiq Hussain, chairman, Kashmir Chamber of Commerce and Industries. The chamber had filed a public interest litigation with the J&K High Court after the floods seeking direction to the insurance companies for immediate release of 50 per cent of insured sums. “They have settled most of the claims. There are some individual cases which are yet to be settled,” said Hussain. The amount disbursed by the insurance companies is more than the amount disbursed as relief by the state government. The J&K government has, so far, disbursed over Rs. 250 crore as relief to the people affected by the floods across the valley. The settlement of these insurance claims, however, came after the intervention of J&K High Court following the PIL by the KCCI.

✍ Britannia to invest Rs. 1.25bn on AP agro-processing plant - Britannia Industries Ltd will invest INR 125 crore on the first phase of a proposed agro-processing facility in the Chittoor district of Andhra Pradesh. The facility will service Chennai and Bengaluru markets, which are 160km and 180km away, respectively, according to a statement from the Andhra Pradesh government. Varun Berry, Managing Director of Britannia called on Andhra Pradesh Chief Minister N. Chandrababu Naidu at Vijayawada on Monday. The first phase of the facility is expected to be commissioned by the end of 2016, Berry told Naidu. During the meeting, Naidu also suggested Britannia to explore options in the dairy sector. “To improve dairy production, we are giving back-end subsidy on fodder cultivation,” he said. ✍ Cairn India looks to boost offshore activity on crude fall : - Cairn

India

Ltd

is

reportedly stepping up activity across its four offshore oil & gas assets to take advantage of low exploration costs following the sharp fall in crude oil prices. According to reports, Cairn India along with ONGC floated 10 tenders to shortlist companies that can offer a host of services to one block along the western coast and three along the eastern coast. Of the blocks, CB-OS/2 located in the Cambay basin off the coast of Gujarat and Ravva located off the coast of Andhra Pradesh are producing blocks. Two others, located in the Krishna-Godavari (KG) basin and Pennar-Palar basin in Tamil Nadu, are under development. ONGC is Cairn India’s partner in three of the blocks. In the K-G basin, Cairn India has 100% stake. ✍ L&T plans to restructure top management - Engineering major Larsen & Toubro is reportedly planning to restructure its top management. Report says that this move comes as part of its succession plan and will do away with the position of 'managing director and chief executive officer' in its current form. The succession plan may be announced in October and will see appointment of chief executive officers for different businesses who would report directly to Naik, says report. "There's no need for the post of MD and CEO and we will be making some changes to restructure our top management, " says chairman AM Naik. ✍ GSK Pharma starts work on Rs. 10bn Karnataka mfg unit - Work on GlaxoSmithKline Pharmaceuticals' new Rs. 1,000 crore pharmaceutical factory at Vemgal in Karnataka started on Tuesday. The facility will be built on a 50-acre site in Vemgal. Karnataka Chief Minister Siddaramaiah laid the foundation stone in the presence of UK's Minister of State for Trade and Investment Francis Maude. It will be fully operational in 2017 and will make more than 8 billion tablets and 1 billion capsules for the Indian market. The facility will also include a warehouse, site infrastructure, employee welfare centre and utilities to support the

manufacturing and packing of medicines. � Steve Waugh launches online realty platform for NRIs - Australian cricket star Steve Waugh has launched an online real estate platform targeting non-resident Indians. The venture, called Waughglobal.com, will also offer online courses for brokers and agents. The minimum ticket size for listings on the website will be US$50,000. Waugh has partnered with his investment banker friend Dean Honan for his India foray. The company has already partnered with top developers like Lodha, Godrej, Shapoorji Pallonji, Brigade, among others to list their properties on its website. Waughglobal.com is also looking to offer ancillary services such as bank finance, property management and other required assistance for high networth clients.

Top Economy news Delhi-based National Housing Bank is working to set up more than 80 new housing finance companies with a special emphasis on those that will focus on financing affordable houses.

Textile industry body Cotton Textiles Export Promotion Council has urged the government to extend benefits for garments exporters some more time to help them compete with players in the countries India has signed free trade agreements with.

Central government is preparing an "action plan" for transferring the fertiliser subsidy directly to farmers, Minister of State Hansraj Ahir said.

Maharashtra, which is reeling under severe drought, has witnessed sharp rise in demand for power. State's demand as on September 6 has risen to 18,058 MW including state distribution utility MahaVitaran's demand of 15,891 MW and 2,167 MW of Mumbai due scanty rainfall and extended summer in most parts of the state.

At the close of bidding in the e-auctions for private FM Radio channels under the Phase III expansion, 97 channels in 56 cities became provisional winning channels with cumulative provisional winning price of about Rs11.6bn.

Coffee exports jumped by 14% to 0.143mn tonnes during April-August period of this fiscal

from 0.126mn tonnes in the year-ago period despite lower global prices, according to the Coffee Board.

TRAI is considering making it mandatory for telecom operators to disclose their network capacities periodically, as the regulator feels that call drop problem needs to be examined in entirety.

Fairness creams are again under scrutiny with the Maharashtra Food & Drug Administration issuing notices to Chandigarh-based pharmaceutical company Torque Pharma over the latter's attempts to position its steroid-based fairness creams as over-the-counter products.

Steroid-based drugs or creams have to be prescribed by a doctor, which means these cannot be advertised at all.

Natural rubber market got into doldrums as the Kerala government's market intervention program miserably failed. Though the state government requested Rs10bn under the price stabilisation scheme, Union government has so far not sanctioned funds for bailing out the million plus rubber growers. RSS-4 grade rubber quoted Rs111/Kg, lowest during last 12 months.

Cotton output in India is likely to drop by up to 15% this year due to insufficient rain and pest attack in two cotton-growing regions of the country. In Gujarat, a major cotton-producing state, the crop has been hit by weak rainfall after a good sowing period, when the monsoon was strong. Rainfall in the region has been patchy and 28% below normal.

Rainfall has been 13% below normal so far this season, with peninsular India being the driest, registering a 22% shortfall since June 1.

Directorate General has recommended provisional safeguard duty of 20% ad-valorem for period of 200 days on imports of hot-rolled flat products of non-alloy and other alloy steel in coils of a width of 600 mm or more into India with immediate effect.

The Cabinet has approved guidelines on telecom spectrum trading, arising from the recommendations of the Telecom Regulatory Authority of India .

The Cabinet permitted 100% foreign direct investment under the automatic route for white

label ATM operations, a move that is aimed at promoting financial inclusion.

Top Corporate News Reliance Industries has successfully tested presence of natural gas in one of the two KG-D6 block natural gas discoveries which the sector regulator DGH had previously refused to recognise.

Aurobindo Pharma has received final approval from US health regulator to make and sell in America the generic Telmisartan tablets used for treating hypertension.

Multiplex operator PVR Ltd said it has approved an amalgamation scheme between Bijli Holdings Pvt Ltd and itself to simplify PVR's shareholding structure.

Suzlon Energy board has sought shareholders' approval to raise up to Rs50bn through the issue of securities.

Cipla said it will acquire two US-based pharma companies, InvaGen Pharmaceuticals and Exelan Pharmaceuticals, for USD550mn in an all-cash transaction.

Glenmark Pharmaceuticals said it has received final approval from the US health regulator for Voriconazole Tablets, used to treat fungal infections.

Wockhardt will continue to strengthen its R&D capabilities to develop innovative and technologically advanced medicines. The firm has set up three world-class, multi-disciplinary R&D facilities in India, the UK and the US, which are engaged in studies and experiments to develop new drugs and novel drug delivery systems.

Oil and Natural Gas Corp has paid just over USD1.25bn for a 15% stake in Russian oil major Rosneft's Vankor oil field, a source with direct knowledge of the deal said.

HDFC Bank is planning to add 100 branches in the eastern region, taking its total tally to 600 branches by the end of ongoing financial year.

German consumer products company Henkel AG plans to buy a 26% stake in local fabric whitener and detergent maker, Jyothy Laboratories.  Lupin Pharmaceuticals, has launched first ever generic Duloxetine DR (delayed-release) capsule in 40mg dosage strength.

Reliance Infrastructure arm Reliance Defence has signed MOU with Abu Dhabi Ship Building for the production of naval, military and commercial vessels. Under this MOU, both the companies will investigate the opportunity to set up a strategic partnership for the construction of naval ships including frigates, destroyers and other specialized vessels to address the Gulf Cooperation Council over the next 10 years.

Credit rating of Gulf Oil Lubricants India Limited, a Hinduja Group Company, has been upgraded by rating agency ICRA.

Britannia Industries Limited has expressed its interest in setting up an agro-processing facility in Chittoor district of Andhra Pradesh. The company plans to commission the Phase I of the project in Chittoor district with an investment of Rs1.25bn by the end of 2016.

Tata Power plans to give a fillip to rooftop solar power generation and smart grids to manage peak demand in Delhi. Tata Power Delhi Distribution Ltd expects to manage peak-hour demand up to 500 MW in the next five years through its new initiatives without the need for signing new contracts for power procurement.

Indraprastha Gas Limited has unleashed an intensive marketing campaign to chase a government-set target of adding 300,000 households in the current fiscal, more than half of what it has achieved in 16 years of existence, but it is up against a messy urban planning and a sluggish property market.

Mahindra & Mahindra is looking to enhance its market share in the utility vehicles segment with the upcoming compact SUV, TUV300 which is expected to be priced around Rs0.7-0.9mn.

Maruti Suzuki is planning a major overhaul of its bestsellers - Swift and Swift Dzire, in an altogether new avatar. In its new generation both Swift and Dzire will get an all new body and a new engine at the heart. Maruti Suzuki is also trying to advance commencement of Gujarat production facility by three to six months since the Gurgaon and Manesar plant in NCR region will reach optimum capacity by the middle of next year.

Tata Motors’ JLR India is hopeful of more than trebling its sales in the country on the back of "a tremendous response" for its SUV hatchback Discovery Sport.

JSW Energy Limited is all set to acquire Bina thermal power from Jaiprakash Power Ventures Limited for Rs35bn. The thermal power plant has installed capacity of 500 MW and have sufficient infrastructure to ramp it up to 1500 MW with marginal investment, two people familiar with the development told ET. Indiabulls Housing Finance is planning to raise up to USD600mn by way of offering equity to institutional investors by way of Qualified Institutional placement .

Indian Overseas Bank has launched Rupay MUDRA Debit Card under the Pradhan Mantri MUDRA Yojna, targeting the micro, small and medium enterprises.

Hindustan Unilever Ltd has signed an agreement for the sale and transfer of its bread and bakery business under the `Modern’ brand to Nimman Foods Pvt Ltd, an investee company of the Everstone Group.

Tata Power started work to set up its Rs4.5bn defence manufacturing facility in Karnataka.

Bank of Maharashtra said the bank will issue over 100mn shares to the government in exchange of capital infusion of Rs3.94bn.

LIC Housing Finance will raise up to Rs430bn via non-convertible debentures on private placement basis.

Yes Bank is planning to raise around USD1bn in 2016 to support its growth plans.

TVS Motor and Sundaram Clayton together planning to invest around Rs8bn in Tamil Nadu.

Mahindra & Mahindra is all set to launch an all-new vehicle TUV3OO, after a gap of nearly 12 months when it launched the new generation Scorpio in September last year.

Hero MotoCorp began operations at a new facility in Columbia, the company’s first plant outside India, which has been built at an investment of USD70mn.

Mangalore Refinery and Petrochemicals Ltd is in talks with Colombia's Ecopetrol to buy term crude oil and is exploring purchases of Iraq's Basra Heavy grade to diversify supplies and improve margins, its managing director said.

Power equipment maker Alstom said that the European Commission and the US Department of Justice have approved the transaction with General Electric to acquire Alstom's energy business.

Mahindra & Mahindra Limited is signing an MoU with the Tamil Nadu government to invest around.

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