TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

Nifty futures/Bank Nifty futures market closed on 8465 / 18770 . According to technical analysis if Nifty futuresand Bank Nifty future moves up-word in tomorrow treading session then 8512 will be small resistance for Niftyfutures and at the same time 18856 will be small Resistance for Bank Nifty futures, if it break this level then thenNifty futures can touch 8724 level and Bank Nifty futures can touch 19297 level in next few days. It will be hardresistance for Nifty futures and Bank Nifty futures. Meanwhile in revers there is small support on 8387 for Niftyfutures and 18587 is for Bank Nifty futures after breaking this support with volume there is big support for Niftyfutures on 8232 and 18022 for Bank Nifty futures.

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )

PIVOT POINT NIFTY

DAILY R2 R1 PP S1 S28893 8573 8413 8253 7933

WEEKLY R2 R1 PP S1 S28985 8595 8400 8205 7815

MONTHLY R2 R1 PP S1 S29722 8800 8339 7878 6956

PIVOT POINT BANK NIFTY

DAILY R2 R1 PP S1 S219611 18987 18675 18363 17739

WEEKLY R2 R1 PP S1 S220288 19156 18590 18024 16892

MONTHLY R2 R1 PP S1 S222619 19739 18299 16859 13979

MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS

NIFTY 8307 8447 8576 8354BANK NIFTY 18217 18340 18833 17839

PARABOLIC SAR DAILY WEEKLY MONTHLY

NIFTY 8223 8823 9195BANK NIFTY 17776 19560 17077

VOLUME DAILY WEEKLY MONTHLY

NIFTY 1,58,15,740 5,71,15,360 25,34,42,400BANK NIFTY 26,49,375 1,27,44,600 6,20,15,172

NSE EQUITY DAILY LEVELS

COMPANY NAME R3 R2 R1 PP S1 S2 S3

ACC EQ 1615 1561 1540 1506 1485 1452 1398

ALBK EQ 110 108 107 106 105 103 101

AMBUJACEM EQ 255 245 240 235 231 225 215

ASIAN PAINT EQ 837 810 798 783 771 756 729

AXISBANK EQ 607 595 590 582 577 569 557

BAJAJ-AUTO EQ 2400 2356 2336 2311 2291 2266 2221

BANKBARODA EQ 168 165 163 162 160 158 155

BANKINDIA EQ 212 203 200 194 191 185 176

BHEL EQ 273 262 257 252 246 241 231

BHARTIARTL EQ 486 453 439 420 406 388 355

CIPLA EQ 688 669 659 650 641 631 612

COALINDIA EQ 414 401 396 388 383 375 362

DLF EQ 130 124 120 118 115 112 106

DRREDDY EQ 3698 3615 3575 3532 3492 3449 3366

GAIL EQ 427 407 398 387 377 367 346

GRASIM EQ 3891 3749 3694 3607 3552 3465 3323

HCLTECH EQ 1169 1087 1048 1005 966 923 841

HDFC EQ 1294 1264 1250 1234 1220 1204 1174

HDFCBANK EQ 1097 1070 1060 1043 1033 1016 989

HEROMOTOCO EQ 2837 2756 2726 2675 2645 2594 2513

HINDALCO EQ 139 134 132 130 127 125 121

HINDUNILVR EQ 889 872 865 854 848 836 819

ICICIBANK EQ 325 321 319 316 315 312 308

ITC EQ 347 336 331 325 320 313 302

INDUSIND BANK EQ 922 895 884 869 858 842 815

INFY EQ 2137 2082 2052 2026 1997 1971 1915

JINDALSTEL EQ 139 128 123 116 112 105 93

KOTAKBANK EQ 1482 14 1417 1387 1369 1339 1291

LT EQ 1738 1694 1674 1649 1630 1605 1561

M&M EQ 1428 1329 1294 1231 1195 1133 1035

MRF EQ 37112 36420 36147 35728 35466 35036 34344

MARUTI EQ 3947 3851 3818 3755 3722 3660 3564

ONGC EQ 362 343 336 324 318 306 287

ORIENTBANK EQ 228 220 217 212 209 204 195

RCOM EQ 76 71 69 67 65 62 57

RELCAPITAL EQ 419 406 401 393 387 380 367

RELIANCE EQ 905 892 884 878 871 865 852

RELINFRA EQ 455 433 421 411 399 389 367

RPOWER EQ 56 55 54 53 52 51 50

SBIN EQ 288 283 280 278 276 274 269

SSLT( VEDL) EQ 220 208 202 197 191 186 175

SUNPHARMA EQ 1006 987 976 968 957 949 930

TATAMOTORS EQ 505 494 488 483 477 482 462

TATAPOWER EQ 77 76 75 74 73 72 71

TATASTEEL EQ 342 335 332 328 324 321 314

UNIONBANK EQ 180 176 175 172 170 168 164

TOP 15 ACHIEVERS // TOP 15 LOOSERS

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION )

1. SBIN ( BULLISH ) - If it break level of 285 then it can touch level of 305. So we can saythere is long position in SBIN with stop loss of 279.

2. BANK OF BARODA ( BULLISH ) - Bank of Baroda seems bullish for next week. If itbreak level of 166 then with stop loss of 158.50 we can take log position for 179.

3. ONGC ( BEARISH ) - It is looking week for next week as per technical analysis. Below321 we can make short position in ONGC futures for the target of 298 with stop loss of 331.

4. ICICI BANK ( BULLISH ) - In chart it is looking good for traders. Traders can make longposition above 325 for the target of 346 with stop loss of 307.

SR.NO

SCRIPT NAME PREVCLOS

CMP % CHANG

1 SRGINFOTEC 0.20 0.02 +25

2 FARMAXIND 0.40 0.45 +12.50

3 BSELINFRA 2.10 2.35 +11.90

4 JINDWORLD 88.15 98.50 +11.74

5 SAMTEL 0.50 0.55 +10.00

6 AUSTRAL 0.50 0.55 +10.00

7 RAJRAYON 0.50 20.55 +10.00

8 SPYL 1.00 1.10 +10.00

9 SHRIASTER 7.00 7.70 +10.00

10 LAMBODHARA 450.70

495.75 +9.99

11 SYNCOM 5.85 6.40 +9.40

12 KARMAENG 19.20 21.00 +9.37

13 STERLINBIO 6.55 7.15 +9.16

14 PATSPINL 7.70 8.40 +9.09

15 INDOTHAI 17.80 8.42 +8.42

SR.NO SCRIPTNAME

PREVCLOSE

CMP % CHANG

1 ATNINTER 0.25 0.20 -20

2 SOMATEX 3.70 3.05 -17.56

3 CURATECH 9.35 8.15 -12.83

4 REISIXTEN 0.40 0.35 -12.50

5 SIMPLEX 31.40 27.80 -11.46

6 NICCO 0.45 0.40 -11.11

7 TULSI 3.25 2.90 -10.76

8 EUROTEXIND 23.35 21 -1006

9 ZENITHCOMP 3.50 3.15 -10.00

10 CELESTIAL 40.70 36.65 -9.95

11 WEIZMANIND 15.20 13.80 -9.21

12 XPROINDIA 30.85 28.25 -8.42

13 PKDL 4085 4.45 -8.24

14 REFEX 8.50 7.80 -8.23

15 PRIMESECU 5.25 4.85 -7.61

CURRENCY MARKET

USDINR R2 R1 PP S1 S2

DAILY 64.69 64.33 64.15 63.97 63.61

WEEKLY R2 R1 PP S1 S266.05 64.83 64.22 63.61 62.39

MONTHLY R2 R1 PP S1 S268.36 65.62 64.25 62.88 60.14

EURINR R2 R1 PP S1 S2

DAILY 71.79 70.79 70.29 69.79 68.79

WEEKLY R2 R1 PP S1 S271.62 70.93 70.65 70.24 69.96

MONTHLY R2 R1 PP S1 S283.47 75.39 71.35 67.31 59.23

JPYINR R2 R1 PP S1 S2

DAILY 52.52 52.02 51.77 51.52 51.02

WEEKLY R2 R1 PP S1 S255.23 53.07 51.90 50.91 48.75

MONTHLY R2 R1 PP S1 S261.36 55.52 52.60 49.68 43.84

GBPINR R2 R1 PP S1 S2

DAILY 99.60 98.50 97.95 97.40 96.30

WEEKLY R2 R1 PP S1 S2103.24 99.96 98.32 96.68 93.40

MONTHLY R2 R1 PP S1 S2113.69 103.71 98.72 93.73 83.75

TOP NEWS OF THE WEEK

✍ Greenply Ind Q4 net profit at Rs. 45.6 crore

Greenply Industries Ltd has announced the following results for the quarter & year endedMarch 31, 2015.The company reported net profit of Rs. 45.6 crore in Q4 FY15 against Rs. 36.8crore in the same period last quarter.During the period under review, the company's TotalIncome stood at Rs. 429 crore Vs Rs. 570.7 crore (YoY).The company has recommendeddividend of Rs. 3 per equity share of Rs. 5.00 each and the Company will arrange to pay thesame between August 29, 2015 to September 02, 2015, if approved by the members at theensuing Annual General Meeting scheduled to be held on August 25, 2015.

✍ ONGC up on hopes of subsidy relief

ONGC is trading on a positive note on hopes of getting subsidy relief after the governmentannounced that oil explorers - ONGC and Oil India may be spared the from payment of fuelsubsidy in case global oil prices average up to $ 60 a barrel, but will have to pay a graded ratebeyond this threshold.So far this calendar year, the average price of NYMEX Crude Oil futureshas been below $ 60 a barrel. The NYMEX Crude currently trade around $ 59 a barrel.ONGCso far has advanced to a high of Rs. 327, and is now up 1.2 percent at Rs. 326. The counter hasseen trades of around 49,000 shares as against the two-week daily average volume of around242,000 shares on the BSE

✍ CEAT stock surges 4% on earnings

Shares of CEAT Ltd surged by 4% at Rs. 799 after the company posted Q4 results.

The stock has hit a high of Rs. 810 and a low of Rs. 799.The Group has posted a net Profit aftertaxes, minority interest and share of profit / (loss) of associates of Rs. 939.10 mn for the quarterended March 31, 2015 as compared to Profit of Rs. 624.20 million for the quarter ended March31, 2014.Total Income has Increase from Rs. 14575.80 million for the quarter ended March 31,2014 to Rs. 14886.40 mn for the quarter ended March 31, 2015. The Board of Directors of theCompany at its meeting held on May 22, 2015, has approved issue of non-convertibledebentures upto Rs. 500.00 crores in one or more tranches, subject to approval of members ofthe Company.

✍ ITC stock down 3% post Q4 results

Shares of ITC is down by 3% at Rs. 319 after the company posted Q4 results.

The stock has hit a high of Rs. 322 and a low of Rs. 319.The Company has posted a net Profitof Rs. 23611.80 mn for the quarter ended March 31, 2015 as compared to Rs. 22780.10 millionfor the quarter ended March 31, 2014. Total Income has Increase from Rs. 95052.30 million forthe quarter ended March 31, 2014 to Rs. 96631.50 million for the quarter ended March 31,2015.

✍ Adani Group may foray into defence manufacturing

Adani Group is quietly evaluating a foray into defence and aerospace production, the latestamong big industrial groups eyeing a piece of what many believe to be a sunrise sector underthe Modi regime with its accent on big defence spending dovetailed with its 'Make in India'drive.Adani executives are meeting representatives of overseas defence companies to exploretieups for manufacturing a range of defence equipment, says report.

✍ Essar Oil falls 3% on weak Q4 earnings

Essar Oil started the day on a negative note - down 3.9 percent at Rs. 104 on reporting weaksets of earnings for the quarter ended March, 2015.The company reported 45.8 percent declinein Q4 net profit at Rs. 546 crore from Rs. 1,008 crore in Q4FY14. Total income also slumped38.2 percent to Rs. 15,753 crore from Rs. 25,508 crore.The stock is now down 3 percent at Rs. 104.30. The BSE counter has seen trades of around24,000 shares, as against two-week daily average volume of 36,000 shares.

✍ Tata Motors falls ahead of Q4 results

Tata Motors continues to trade near the lowest level of the day at Rs. 495 - with a drop ofalmost 2 percent at Rs. 496, on hopes of weak earnings. On the BSE, so far 135,000 shareshave changed hands at the counter as against the two-week daily average volume of 571,000shares.

✍ Corporation Bank to cut base rate by 25 bps to 10% from June 1

Shares of Corporation Bank Ltd were trading flat at Rs. 55.40 on BSE today. The bank hasrevised the Base Rate for lending from 10.25% p.a. to 10% p.a. with effect from June 01, 2015.The stock opened at Rs. 56 as against the previous close of Rs. 55.25 on BSE. It has hit a highof Rs. 56 and a low of Rs. 55.05 on BSE today. Total traded quantity on the counter stood atover 7,576 lk shares on BSE.

✍ Dish TV stock rallies 14% on Q4 numbers

Shares of Dish TV surged 14% at Rs. 96 after the company posted Q4 results. The stock has hita high of Rs. 98 and a low of Rs. 84. The Company has posted a net profit of Rs. 350.10 mn forthe quarter ended March 31, 2015 as compared to net loss of Rs. (1490.50) million for thequarter ended March 31, 2014. Total Income has increased from Rs. 6570.00 million for thequarter ended March 31, 2014 to Rs. 7683.80 million for the quarter ended March 31, 2015.

✍ Power Grid raises Rs 3,000 crore

Power Grid is planning to raise about Rs 3,000 crore by selling bonds, according to report.Report says that there were about 18 arrangers for the Power Grid issue. Earlier, the companyhad issued long-term bonds raising Rs 435 crore at an yield of 8.30%.

✍ United Spirits Q4 net loss at Rs. 1,799 cr; operating margin at 1.2%

United Spirits Ltd has announced the following results for the quarter & year ended March 31,2015.The company reported net loss of Rs. 1,799 crore in Q4 FY15 against Rs. 5,380 crore.

During the period under review, the company's Total Income stood at Rs. 2,051.3 crore Vs Rs.2,177.2 crore (QoQ). The company net sales at Rs. 2,020 crore in Q4 FY15 compared to Rs.1,917 crore.

✍ JK Cement plans to raise up to Rs. 300 crores

JK Cement Ltd haS announced that the Board of Directors of the Company at its meeting heldon May 23, 2015, has decided to raise long term funds by way of issue of Securities and/orNon Convertible Debentures with warrants on Preferential Allotment basis, QualifiedInstitutional Placement (QIP) basis or such other form as may be permissible under law for anamount upto Rs. 300 Crores with a green shoe option subject to shareholders’ approval soughtin the ensuing Twenty First Annual General Meeting of the Company convened on August 01,2015.

✍ Rel Infra Q4 cons net profit at Rs. 459 crore; Operating margin at 20.2%

Reliance Infrastructure has posted a net profit after taxes, Share of Profit in Associates andminority interest of Rs. 4591.10 million for the Quarter ended March 31, 2015 where as thesame was at Rs. 6214.20 million for the Quarter ended March 31, 2014. Total Income is Rs.50276.30 million for the Quarter ended March 31, 2015 where as the same was at Rs. 50360.00million for the Quarter ended March 31, 2014. The Group has posted a net profit after taxes,Share of Profit in Associates and minority interest of Rs. 18001.80 million for the year endedMarch 31, 2015 where as the same was at Rs. 19136.70 million for the year ended March 31,2014. Total Income is Rs. 188516.00 million for the year ended March 31, 2015 where as thesame was at Rs. 202737.20 million for the year ended March 31, 2014. The Board of Directorsof the Company at its meeting held on May 27, 2015, inter alia, has recommend a Dividend ofRs. 8.00 per share on fully paid up equity shares of Rs. 10 each.

✍ Tata Chemicals Q4 cons net loss at Rs. 74.2 crore

Tata Chemicals Ltd has announced a net profit / loss after taxes, minority interest and share ofprofit / loss of associates of Rs. 741.70 million for the quarter ended March 31, 2015 ascompared to net loss of Rs. 12257.20 million for the quarter ended March 31, 2014. TotalIncome has increased from Rs. 37523.50 million for the quarter ended March 31, 2014 to Rs.37653.80 million for the quarter ended March 31, 2015. The Audited Consolidated results forthe Year ended March 31, 2015 The Group has posted a net profit / (loss) after taxes, minorityinterest and share of profit / (loss) of associates of Rs. 5964.60 million for the year endedMarch 31, 2015 as compared to net loss of Rs. 10320 million for the year ended March 31,2014. Total Income has increased from Rs. 160277.70 million for the year ended March 31,2014 to Rs. 173209.10 million for the year ended March 31, 2015

✍ Balrampur Chini Q4 net profit at Rs.75.8 crore;Operating Margin at 15.6%

Balrampur Chini Mills Ltd has posted a net profit of Rs. 758.20 mn for the quarter endedMarch 31, 2015 as compared to Rs. 1899.00 million for the quarter ended March 31, 2014.Total Income has decreased from Rs. 7084.90 mn for the quarter ended March 31, 2014 to Rs.6678.30 mn for the quarter ended March 31, 2015.

The Company has posted a net loss of Rs. (577.30) mn for the year ended March 31, 2015 ascompared to net profit of Rs. 36.40 million for the year ended March 31, 2014. Total Income

has increased from Rs. 26908.80 mn for the year ended March 31, 2014 to Rs. 30060.60million for the year ended March 31, 2015.

✍ Gujarat Pipavav Q4 net profit at Rs.66.9 crore;Operating margin at 59.9%

Gujarat Pipavav posted a net profit of Rs. 668.855 mn for the Quarter ended March 31, 2015where as the same was at Rs. 610.223 million for the Quarter ended March 31, 2014. TotalIncome is Rs. 1931.166 mn for the Quarter ended March 31, 2015 where as the same was at Rs.1611.693 million for the Quarter ended March 31, 2014.

✍ Tata Global Q4 cons net profit at Rs.39mn

Tata Global has posted a net profit of Rs. 39.00 million for the quarter ended March 31, 2015 ascompared to Rs. 693.00 mn for the quarter ended March 31, 2014. Total Income has increasedfrom Rs. 19261.50 million for the quarter ended March 31, 2014 to Rs. 19311.20 million forthe quarter ended March 31, 2015.The Group has posted a net profit of Rs. 2478.20 million forthe year ended March 31, 2015 as compared to Rs. 4805.10 million for the year ended March31, 2014.Total Income has increased from Rs. 78194.10 million for the year ended March 31,2014 to Rs. 80633.70 million for the year ended March 31, 2015.

✍ Bank Of India Q4 net loss at Rs 66 crore

Bank Of India has posted a net loss of Rs. (561.40) million for the quarter ended March 31,2015 as compared to net profit of Rs. 5575.10 million for the quarter ended March 31,2014. Total Income has increased from Rs. 112740.90 mn for the quarter ended March 31, 2014to Rs. 122869.80 million for the quarter ended March 31, 2015. The Bank has posted a netprofit of Rs. 17089.20 million for the year ended March 31, 2015 as compared to Rs. 27292.70million for the year ended March 31, 2014. Total Income has increased from Rs. 422019.40million for the year ended March 31, 2014 to Rs. 476626.10 million for the year ended March31, 2015.

✍ Hindalco Q4 net profit at Rs.159.5 crore; Operating margin at 9%

Hindalco has posted a net profit of Rs. 1595.30 mn for the quarter ended March 31, 2015 ascompared to Rs. 2481.50 million for the quarter ended March 31, 2014. Total Income hasincreased from Rs. 86475.30 mn for the quarter ended March 31, 2014 to Rs. 96016.30 millionfor the quarter ended March 31, 2015.The Company has posted a net profit of Rs. 9251.60million for the year ended March 31, 2015 as compared to Rs. 14133.30 million for the yearended March 31, 2014. Total Income has increased from Rs. 289753.50 million for the yearended March 31, 2014 to Rs. 354072.40 million for the year ended March 31, 2015.

✍ M&M Q4 PAT at Rs. 551 crore;Operating margin at 9.4%

Mahindra & Mahindra Ltd posted a net profit of Rs. 5505.60 million for the Quarter endedMarch 31, 2015 where as the same was at Rs. 8968.80 million for the Quarter ended March 31,2014. Total Income is Rs. 96466.80 mn for the Quarter ended March 31, 2015 where as thesame was at Rs. 110992.20 mn for the Quarter ended March 31, 2014.The Company has posteda net profit of Rs. 33211.10 million for the year ended March 31, 2015 as compared to Rs.37583.50 million for the year ended March 31, 2014. Total Income has decreased from Rs.

412264.90 million for the year ended March 31, 2014 to Rs. 397943.60 million for the yearended March 31, 2015.

✍ BEL Q4 net profit at Rs.722.9 crore

BEL Q4 net profit stands at Rs.722.9 crore.The Total Income for the quarter was at Rs.2,928.2Crore. The Board of Directors of the Company at its meeting held on May 29, 2015, in additionto the Interim Dividend @ Rs. 6.00 per share paid during the last quarter, a Final Dividend ofRs. 23.00 per share for the financial year 2014-15 has been recommended.

✍ NMDC falls 2% on weak Q4 earnings

NMDC started the day on a negative note on reporting weak sets of earnings for the quarterended March, 2015. The company booked 31.3 percent fall in Q4 net profit to Rs. 1,347 crorefrom Rs. 1,962 crore in Q4FY14. Total income also dropped by 19.4 percent to Rs. 3,555 crorefrom Rs. 4,412 crore. The stock opened with a loss of 1.2 percent at Rs. 130 and soon, hastumbled 3.8 percent to a low at Rs. 126. Now, the stock is down 2 percent at Rs. 129. The BSEcounter has registered trades of around 21,000 shares, as against two-week daily averagevolume of 327,000 shares.

✍ Bank of Maharashtra reduces Base Rate on loans

On the background of good financial results posted for 31.03.2015, Bank of Maharashtra, aNationalised Bank reduces its Base Rate or Minimum Lending rate by 25 basis points from10.25% to 10%, a move which would lower the interest cost to customers and EMIs of allloans. The Base Rate of Interest reduction is effective from 1st June, 2015. As it will reduceBase Rate Linked Loans and Advances EMIs. Commenting on this Mr. R.K.Gupta, ED, Bankof Maharashtra said that, “It is hoped to boost Housing Loan, Car Loan, SME Loans andother Retails Loans credit off-take in the Current Year.

✍ Top Economy news

Bucking the overall trend of easing inflation, pulses got costlier by up to 64% in the first yearof the Modi government across major metro cities, primarily due to fall in domestic production.

Mindful of the impact of frauds on banks' financials, the Reserve Bank of India will soon set upa Central Fraud Registry as part of an early warning system.

Revenue Secretary asked the central board of direct taxes to put together a "strategy paper" forelimination of tax exemptions provided to corporates.

After finally notifying the mineral auction rules, the government is now planning to bring freshmining exploration rules separately. The new rules don't have anything pertaining tonon-exclusive reconnaissance permit, which is mandatory for preliminary exploration.

Madhya Pradesh has retained second slot in the country once again in wheat procurementdespite this being a "no-bonus" season. Punjab remains the top wheat procuring state.

The enrolment of beneficiaries under the ambitious modified Direct Benefits Transfer for LPGscheme has finally stopped at 128.7mn people.

The Chief Economic Adviser said that India's adequate food stocks would help containinflation, even if summer monsoon rains turn out to be weak.

Textile exports in 2014-15 registered a 3% growth at $41.7bn, against the targeted $45bn.

Government's total debt increased by 0.9% in the fourth quarter ended March 31, over theprevious thee-month period of the current financial.

The government has said that FIPB's approval will not be required for merger and acquisitionsin sectors where FDI is allowed under automatic route.

The government will "abide by Supreme Court directions" on allowing Genetically Modifiedcrops in the country.

Foreign investors will no longer have to seek the government's permission to transfer shares toanother overseas player in sectors where FDI is allowed under automatic route.

The Union Government will introduce minimum support price for the minor forest producesold by tribal people.

To propel economic growth, the government has set an ambitious target of awarding highwayprojects worth Rs 3.5 trillion in next six months besides creation of 25 lakh jobs in theshipping, road, transport and highways sector.

✍ Top corporate news

DLF has kept the new sales bookings target for this financial year at last year's level of aboutRs.40bn as the company feels that it would take at least 12 months for housing sales toimprove.

Reliance Industries plans to fully resume its petrol pump network by March next year asgovernment ending diesel subsidies have given it a level-playing field to compete withstate-owned retailers.

United Bank of India has become the first of the 17 lenders to publicly admit that it no longerexpects to recover its dues from the beleaguered Kingfisher Airlines.

Cipla has inked a pact with Uganda's Quality Chemicals to acquire majority stake in theAfrica-based firm for a total consideration of over $30mn.

ONGC and Oil India have been exempted from paying fuel subsidy if global oil prices averageup to $60 a barrel, but will have to share a part of the burden if rates go higher.

The Coal India Board has approved a Rs.5150mn plan to procure high-capacity box wagons of80.5 tonnes each.

Titan Company is eyeing tier-II cities for opening its showrooms and expanding its marketshare in watches, jewellery and eyewear products.

NMDC said it has charted out a growth plan to take its iron ore production to 100mn tonnes by2022.

TVS Srichakra, tyre manufacturing arm of TVS Group which sells tyres under the brand TVSTyres, is in the process of developing radial tyres for the TVS Motor-BMW joint venture twowheeler products, which are expected to be revealed in 2016.

Chennai Petroleum Corporation Ltd, a group company of Indian Oil Corporation, will raisearound Rs10bn from its parent to strengthen its net worth. This, in turn, is expected to help thecompany borrow more to complete its Rs.31bn upgradation project to improve profitability.

JSW Steel reported a 2% growth in crude steel production for April at 1.01mn tonnes.

Bharat Heavy Electricals said it commissioned six hydro sets with a combined 736 MWcapacity in 2014-15.

National Thermal Power Corporation assured the Telangana Government that the entirepower generated from the proposed 4000 mw thermal power project would be fully dedicatedto the State.

JK Tyre & Industries has launched its new Steel Wheels showroom at Karimnagar inTelangana.

McDonald’s India has chalked out plans to reach out to newer markets by adding as many as175-250 outlets in the West and South in the next 3-5 years.

Ford Motor Company has decided to invest another Rs40bn to Rs.50bn in an R&D centre inChennai, after investing a billion dollars in a second plant in Sanand, Gujara.

Grasim Industries will sell its consumer products business to Future Consumer Enterprise Ltdon a slump sale basis.

Lupin has confirmed that it was among the pharma companies that had receivedcommunication from the European Medicines Agency with regard to suspension of somemedicines.

Adani Group is planning to enter defence and aerospace manufacturing sector.Mahindra and Mahindra, which entered the two-wheeler business six years ago, willintensify marketing efforts to grow its market share by five-fold to about 5%.

Alstom Bharat Forge Power Ltd, a joint venture between Alstom and Bharat Forge Ltd, hascommenced production of supercritical turbines and generators at its new Greenfieldmanufacturing facility at Sanand.

DLF Ltd has been directed to pay nearly Rs.800mn to a private company for rescinding froman agreement for construction and sale of a tower in Gurgaon, by an Arbitral Tribunal whichsaid it breached contractual obligations to make profits.

Crompton Greaves has bagged an order in Portugal to supply data concentrator units, a systemused in smart grids, to Energias de Portugal.

Dabur announced a partnership with Sulabh International, a social service organisation focusedon sanitation, to drive personal cleanliness and hygiene, and inculcate the habit of using toilets.

M&M to launch nine vehicles. The launches, including refreshes and all-new models, will be

in both the personal and commercial segments.

Balrampur Chini Mills is planning to invest Rs.2000mn in its three units to enhance theproduction capacity of ethanol.

Royal Enfield unveiled a range of limited edition bikes, inspired by the ‘despatch riders’ of theWorld Wars, which will be sold online only.

RINL and PowerGrid signed a shareholders’ agreement to form a joint venture company,RINL-POWERGRID TLT Limited, with 50:50 shareholding for setting up a unit tomanufacture transmission line towers her.

Arvind Limited will open the first store of US-based fashion brand GAP in Delhi on May 30.

Lanco Infratech, which has been in the market to sell assets across businesses to reduce debt,has decided to put on hold all divestment plans in India by another two years on hopes of bettervaluation as it believes the business environment is improving.

BASF opened a research and development centre for agrochemicals at Pune, its first in thecountry, at an estimated investment of Rs.640mn.

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