TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

NIFTY FIFTY : - On monday the Nifty50 made the new low and slipped below 7420 to hit its fresh 52-

week low of 7336.40, There was the Global market impact the US market closed in Red and the Asian

peers is also were trading in red. Weighed down by losses in power, oil & gas, metal, consumer durable

stocks. The CNX Nifty has opened around its key Support level 7,420. The headline that the fell in china

GDP growth in past 25 year negative trend seen in all Asian Market , PBoC confounded analysts by

guiding the yuan sharply stronger, As long as the Nifty stays below the 7500-7600 mark, now the market

become fear for the investor it has break the 7300 level , it would stand an increased possibility of breaking

7200. The global economy and crued oil prices tumble is also a big concern for for indian market. However

macro economic condition is better for indian market, In case of a breakdown of the level of 7200, an

immediate down move towards 7000-7120 cannot be ruled out. On the other hand the immediate Resistance

is seen at 7450-7540 for the Index. The year's first trading month with sharp losses as concerns about China

and global economic slowdown persisted. On thursday the Nifty50 reclaimed its crucial level of 7,400,

Supported by gains in realty, power, auto, and banking stocks. The crucial Support for Nifty is 7280-7220

and the Resistance for Nifty is 7480-7600.

BANK NIFTY : - The Bank Nifty statrted trading in red on Monday down by 41 points at 15165 from the

previous closing level of 15206. All major banking stocks remained subdued. In this week we have seen

some positive movement for the banking Industry , Despite of Net Performing Assets is growing the Net

interest margin of Bank is also growing. After a long time, the index has witnessed long accumulation.

However, on the higher side, activity is still intact in 16300 and 16500 strike Calls. Such activity is

indicating limited upside movement of index. Bank Nifty in the down trend the crucial Support levels of

Bank Nifty is 15125-14531 and other side the Resistance for Bank Nifty is 15719- 16313.

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )

NIFTY

DAILY R2 R1 PP S1 S2

7781 7601 7511 7421 7241

WEEKLY R2 R1 PP S1 S2

8052 7612 7392 7172 6732

MONTHLY R2 R1 PP S1 S2

9833 8373 7643 6913 5453

BANK NIFTY

DAILY R2 R1 PP S1 S2

16313 15719 15422 15125 14531

WEEKLY R2 R1 PP S1 S2

17714 16080 15263 14446 12812

MONTHLY R2 R1 PP S1 S2

22996 18376 16066 13756 11446

MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS

NIFTY 7628 7738 7869 8133

BANK NIFTY 16018 16545 16888 17630

PARABOLIC SAR DAILY WEEKLY MONTHLY

NIFTY 7230 8075 8430

BANK NIFTY 14735 17650 19730

PATTERN FORMATION ( NIFTY AND BANK NIFTY )

Depiction of Chart The use of Bollinger Bands varies widely among traders. Some traders buy when price touches the lower Bollinger

Band and exit when price touches the moving average in the center of the bands. Other traders buy when price breaks above the upper

Bollinger Band or sell when price falls below the lower Bollinger Band. Moreover, the use of Bollinger Bands is not confined to stock

traders; options traders, most notably implied volatility traders, often sell options when Bollinger Bands are historically far apart or buy

options when the Bollinger Bands are historically close together, in both instances, expecting volatility to revert towards the average

historical volatility level for the stock. On the above given chart the below lower bollinger band has crossed and reverse on bull side which

is the early signal for Bullish Market , We seems the market in volatile mode. The crucial level for Nifty for below site is 7280-7150 and on

above site 7487-7693.

BANK NIFTY MACD

Details of Chart Bollinger Bands are similar to moving average envelopes. The difference between Bollinger Bands and envelopes is

envelopes are plotted at a fixed percentage above and below a moving average, whereas BB are plotted at standard deviation levels above

and below a moving average. Since standard deviation is a measure of volatility, the bands are self-adjusting widening during volatile

markets and contracting during calmer periods. BB are usually displayed on top of security prices, but they can be displayed on an

indicator. The uses of BB refer to the stock trader some trader belive if it cross the below moving average they made the selling position

and left thing that if it cross the level of mid moving average they take Sell/Buy position. The basic interpretation of Bollinger Bands is

that prices tend to stay within the upper- and lower-band. The distinctive characteristic of Bollinger Bands is that the spacing between the

bands varies based on the volatility of the prices. During periods of high volatility, on the above given chart there is high volatility and the

Bank Nifty has cross over the lower Band and reverse in the Upper trend side , which indicating the Uptrend movement of the Index the

important Support for Bank Nifty is 15125-14531 and the Resistance for Nifty is 15719-16313.

NSE EQUITY DAILY LEVELS

COMPANY NAME R2 R1 PP S1 S2

ACC EQ 1270 1258 1244 1231 1217

ALBK EQ 56 54 53 51 50

AMBUJACEM EQ 198 195 194 191 190

ASIAN PAINT EQ 884 873 861 850 838

AXISBANK EQ 434 428 421 415 408

BAJAJ-AUTO EQ 2356 2327 2301 2272 2246

BANKBARODA EQ 133 131 128 126 123

BANKINDIA EQ 104 101 98 96 93

BHEL EQ 150 149 146 145 142

BHARTIARTL EQ 323 315 303 294 283

CIPLA EQ 593 587 582 576 571

COALINDIA EQ 307 301 295 289 283

DLF EQ 97 95 94 92 91

DRREDDY EQ 2973 2904 2841 2772 2709

GAIL EQ 388 372 357 341 326

GRASIM EQ 3503 3484 3461 3442 3419

HCLTECH EQ 860 851 841 832 822

HDFC EQ 1175 1163 1149 1137 1123

HDFCBANK EQ 1052 1038 1030 1016 1008

HEROMOTOCO EQ 2659 2603 2538 2482 2417

HINDALCO EQ 75 73 71 69 67

HINDUNILVR EQ 789 783 776 770 763

ICICIBANK EQ 237 235 232 230 227

ITC EQ 318 313 308 303 298

INDUSIND BANK EQ 917 904 892 879 867

INFY EQ 1164

1155 1143 1134 1122

JINDALSTEL EQ 68 67 65 63 62

KOTAKBANK EQ 157 156 154 153 151

LT EQ 1164 1147 1129 1112 1094

M&M EQ 1237 1204 1172 1139 1107

MRF EQ 37047 36343 35747 35043 34447

MARUTI EQ 4213 4118 4024 3929 3835

ONGC EQ 221 218 213 210 205

ORIENTBANK EQ 114 111 109 106 104

RCOM EQ 70 69 67 66 64

RELCAPITAL EQ 393 386 375 368 357

RELIANCE EQ 1018 1008 1001 991 984

RELINFRA EQ 480 474 462 456 444

RPOWER EQ 52 51 50 49 48

SBIN EQ 189 185 182 178 175

SSLT( VEDL) EQ 68 67 65 63 61

SUNPHARMA EQ 805 795 784 774 763

TATAMOTORS EQ 352 344 338 330 324

TATAPOWER EQ 63 63 62 62 61

TATASTEEL EQ 256 249 243 236 230

UNIONBANK EQ 124 121 118 115 112

TOP 15 ACHIEVERS // TOP 15 LOOSERS

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION)

NSE CASH

NSE CASH : BUY HINDALCO NSE CASH ABOVE 74 TGT 85 SL 70.

NSE CASH : BUY DHFL NSE CASH ABOVE 190 TGT 215 SL 180.

NSE CASH : BUY IRB INFRA NSE CASH ABOVE 238 TGT 280 SL 225.

NSE CASH : BUY KWALITY NSE CASH ABOVE 112 TGT 130 SL 105.

NSE CASH : BUY NMDC NSE CASH ABOVE 81 TGT 100 SL 75.

SR.NO SCRIPT NAME PREV CLOSE CMP % CHANGE

1 ADITYA BIRLA

NUVO

2180.00 890.50 -59.15%

2 GATI LTD 147.40 107.40 -27.14%

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4 JET AIRWAYS 775.90 617.35 -20.43%

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6 B F UTILITIES LTD 648.65 522.05 -19.52%

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7 IFCI LTD 26.30 21.90 -16.73%

8 RELIANCE INFRA 544.65 459.50 -15.63%

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9 JINDAL ST&PWR 78.05 65.95 -15.50%

10 RELCOM 78.85 66.65 -15.47%

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11 KEC

INTERNATIONAL

137.00 116.30 -15.11%

12 WELPSUN CORP 103.35 87.90 -14.95%

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13 SHIPPING CORP. 90.60 77.10 -14.90%

14 J K TYRE & IND 100.85 86.00 -14.72%

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15 IDBI BANK LTD 70.20 60.00 -14.53%

SR.NO SCRIPT NAME PREV

CLOSE CMP % CHANGE

1 JSW STEEL 1004.65 1066.15 +6.12%

2 RELIGARE ENTERPR. 297.00 313.40 +5.52% R

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3 HAVELLS INDIA 284.30 299.80 +5.45%

4 HERO MOTOCORP 2470.75 2599.80 +5.22% 1. HE

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5 INFOSYS 1082.35 1135.90 +4.95%

6 FORTIS HEALTHCARE 170.95 179.30 +4.88% 6. FO

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7 AXIS BANK LTD 406.40 424.10 +4.36%

8 IRB INFRA 226.75 235.15 +3.70% I

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10 LUPIN LTD 1667.60 1716.75 +2.95% L

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12 BERGER PAINTS 246.20 252.45 +2.54% B

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NSE FUTURE

NSE FUTURE : BUY MARUTI FUTURE ABOVE 36500 TGT 39500 SL 36000.

NSE FUTURE : BUY PTC FUTURE ABOVE 61 TGT 65 SL 60.

NSE FUTURE : BUY LICHSGFIN FUTURE ABOVE 490 TGT 550 SL 485.

NSE FUTURE : SELL TATAMOTORS FUTURE BELOW 340 TGT 300 SL 360.

NSE FUTURE : SELL COAL INDIA FUTURE BELOW 299 TGT 270 SL 310.

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK

China enters bear market; this is portent of a brewing recession :- About a decade

ago, many who warned that Chinas fast pace of growth is unsustainable and would

eventually lead to crash landing of the economy were dubbed prophets of gloom and

doom. Nevertheless, what they prophesied seems to have translated into reality and the

bubble has burst. A sinking Chinese economy coupled with a depreciating currency has

created a ripple effect on the global economy as a whole. Especially, the massive outgo of

funds from EMs has triggered panic selling across Asian markets.

Arvind Panagariya sticks to 8% growth :- NITI Aayog Vice-Chairman Arvind

Panagariya has said GDP figures will get revised and there will be a surprise in the fourth

quarter. I originally said we will get to 8% for 2015-16. Its not ruled out entirely

because at the end of the year, revisions do happen, Panagariya said. In December, the

government had lowered growth forecast for 2015-16 to 7-7.5 per cent in its Mid-Year

Economic Analysis presented in Parliament during the last session. Earlier this week,

industrial production data showed the sharpest decline in over four years.

The WPI/CPI Data is the worry for economy :- Considering the signs of rising price

pressures in the economy, wholesale inflation, as measured by the wholesale price index ,

has strengthened even though it remained in the negative territory. India's WPI has been

contracting over the past 14 months, but the contraction eased in December to -0.73

percent y-o-y from -1.99 percent in November. The CPI inflation print for December

released earlier this week picked up to 5.61 percent from 5.41 percent in November,

showing clear signs of pickup in inflation. While many analysts attributed the spurt in

CPI print mostly to waning base effects, there are tell-tale signs of fresh price pressure in

pulses, oils and fats, housing, and household goods.

December trade deficit widens to US$11.66 billion -Trade deficit has widened to USD

11.6 billion in December against USD 9.1 billion in the year-ago period. The trade deficit

for April-December, 2015-16 was estimated at US$ 99207.75 million which was lower

than the deficit of US$ 111685.04 million during April-December, 2014-15. Exports

during December, 2015 were valued at Rs. 148491.18 crore. Which was 9.53 per cent

lower in Rupee terms than the Rs. 164127.08 crore during December, 2014. Cumulative

value of exports for the period April-December 2015-16 was Rs. 1273322.99 crore as

against Rs. 1458094.40 crore registering a negative growth of 18.06 per cent in Dollar

terms and 12.67 per cent in Rupee terms over the same period last year.

India to grow at 7.5% for next two years, says IMF - The International Monetary Fund

retained India's growth forecast for the next two years. IMF expects Indian economy to

grow 7.5% in FY17 and FY18. The IMF has pegged the current year's growth at 7.3%,

same as last year. The global economy is forecast to grow 3.4% in 2016 and 3.6% in

2017, according to International Monetary Fund.

China economy grows at slowest pace in 25 years , latest GDP figures show - Chinas

economy grew at its slowest rate in a quarter of a century in 2015, data released on

Tuesday showed, increasing pressure on Beijing to address fears of a prolonged

slowdown and ease the jitters affecting global markets. The full-year growth of 6.9% was

only just short of government expectations of 7% but by contrast, growth in 2014 stood at

7.3%. The national bureau of statistics bulletin showed GDP growth at 6.8% in the three

months to December, easing from 6.9% in the previous quarter the slowest quarterly

rate since 2009, when growth slowed to 6.2%.

Govt may allow some PSBs to skip dividend due to NPAs - The Government may

exempt some public sector banks from paying dividends due to increase in their bad

loans, reports a financial newspaper. In the previous financial year too, about 10 PSBs,

including IDBI Bank, Indian Overseas Bank and United Bank of India had not paid any

dividend to the Government. RBI Governor Raghuram Rajan had also suggested cutting

the dividend if a bank does not have a very healthy financial situation. In this fiscal year,

the Government has set a target of INR 10,277 crore through dividend income from banks

and financial institutions.

Investors will go for India: Raghuram Rajan - The Reserve Bank of India Governor

Raghuram Rajan said that governments worldwide need to create an underlying

framework for growth in the long term for the global economy. "My sense is that at this

point if you are an emerging market, you focus on fundamentals, try and get inflation

down, try and get your current account deficit down," Rajan said. Rajan said that rupee

has been "relatively strong" in the EM currency basket, but India is affected by the "same

kind of jitters". Speaking at the WEF Annual Meeting in Davos, Rajan said that

governments across the world need to realise that there are various other tools to carry

forward reforms and boost.

Budget recommendations from the Indian Stainless Steel Industry - Like other

manufacturing sector in India, stainless steel industry has also been facing extreme

difficulty in the last few years. Based on expectations of 7-8% economic growth, the

Indian stainless steel industry has made substantial investments towards capacity

expansion and modernization. However, these investments now stand in great jeopardy

because of the surge in imports, especially from China. Imports of stainless steel flat

products have risen from 324,460 MT in 2013-14 to the highest ever record of 459,164

MT in 2014-15 registering 41% growth. Imports from China have more than doubled

from 111,764 MT in 2011-12 to 231,602 MT in 2014-15. China now accounts for more

than 50% of the import basket. This is the single largest threat for the industry today.

Cabinet approves amendments in Power Tariff Policy - The Union Cabinet, chaired

by the Prime Minister Narendra Modi has approved the proposal of the Ministry of Power

for amendments in the Tariff Policy. For the first time a holistic view of the power sector

has been taken and comprehensive amendments have been made in the Tariff policy

2006. The amendments are also aimed at achieving the objectives of Ujwal DISCOM

Assurance Yojana with the focus on 4 Es: Electricity for all, Efficiency to ensure

affordable tariffs, Environment for a sustainable future, Ease of doing business to attract

investments and ensure financial viability.

India is gradually transforming most of its taxation laws: FM - Finance Minister

Arun Jaitley reportedly said that India is gradually transforming most of its taxation laws

for a greater degree of stability and predictability. "It has been our effort in India to

gradually transform and change most of our taxation laws, put to rest various disputes and

issues which have been pending," Jaitley was quoted as saying. "The proposed Goods and

Services Tax is a major step in this direction," Jaitley said.

Raghuram Rajan says monetary policies are not going to change the world - The

Reserve Bank of India Governor Raghuram Rajan said that governments worldwide need

to create an underlying framework for growth in the long term for the global economy.

"My sense is that at this point if you are an emerging market, you focus on fundamentals,

try and get inflation down, try and get your current account deficit down," Rajan was

quoted as saying. Rajan said that rupee has been "relatively strong" in the EM currency

basket, but India is affected by the "same kind of jitters". Speaking at the WEF Annual

Meeting in Davos, Rajan said that governments across the world need to realise that there

are various other tools to carry forward reforms and boost growth.

On an oily wicket! Further fall in oil prices might not be good for Indian economy -

Commonly held perception is that when crude oil prices fall, its good for an economy like

India. India imports oil for fulfilling major part of its energy requirements. But

interestingly, many experts feel that a further fall in oil prices can trigger events, which

can cause more harm to India than good. For consumers, cheaper oil prices mean that

slowly, prices of retail fuels will come down too. But for producers, low oil prices mean

lower realizations. Now business of oil production is a costly affair and has very high

fixed costs. Also, the working capital needs for running the operations are huge. So in

order to stay financially relevant and support oil prices, its possible that oil-producing

nations might go in for country-specific restrictions or quotas on sale of oil. This might

seem a little too far-fetched. But one must remember that oil producing nations are known

to take aggressive steps to protect their turfs. Last year, these countries decided not to cut

production to ensure that oil prices continue to fall and force many companies to

shutdown as they could not break even at low oil prices.

Arun Jaitley says focusing on reviving private investments - Minister Arun Jaitley

reportedly said it needs some additional growth engines and the focus is on reviving

private investments. Jaitley exuded confidence that the stuck reform measures like GST

would go through. Jaitley was speaking at a breakfast session on India The next

growth engine of the world. We have a very noisy democracy But I am finding that

there are more people who want to support the growth and the others are very minuscule

minority, Jaitley said.

L&T Construction bags order worth Rs. 1,213 crore - L&T Construction has

announced that it has bagged order worth Rs. 1,213 crore. Larsen & Toubro Ltd is

currently trading at Rs. 1123, up by Rs. 20.7 or 1.88% from its previous closing of Rs.

1102.3 on the BSE. The scrip opened at Rs. 1113.3 and has touched a high and low of Rs.

1123.35 and Rs. 1110.3 respectively. So far 240020 shares were traded on the counter.

The current market cap of the company is Rs. 102647.8 crore. The BSE group 'A' stock of

face value Rs. 2 has touched a 52 week high of Rs. 1892.95 on 04-Mar-2015 and a 52

week low of Rs. 1070 on 19-Jan-2016. Last one week high and low of the scrip stood at

Rs. 1142 and Rs. 1070 respectively.

Raghuram Rajan's assessment of market turmoil pragmatic - Reserve Bank of India

governor Raghuram Rajan's global standing is well-known. That stood out once again

when he spoke at the annual meeting of the World Economic Forum in Davos on

Wednesday. He not only livened up an otherwise depressing milieu but also gave world

leaders enough confidence that what is happening around the world is not such a big

disaster, but a corollary to what the major global economies had done over the past few

years through long spells of easy liquidity regimes. Rajan called the currency phase of

fear psychosis as jitters about jitters. "Everybody is looking at everybody else and saying,

"Is this the point where they take the money off the table?' because markets have moved

up quite a bit. So that's part of it is wondering what is really happening in China, why did

the Renminbi start moving a little, and is there more to come And of course the oil price,

how far will it go and does it affect some entity, some lever entity somewhere, which has

oil exposure, and does that create problems? So I think some jitters are really jitters about

jitters, and some is really wondering about fundamentals," he said.

TOP ECONOMY NEWS

With international nuclear sanctions on Iran being lifted, India will resume its

unrestricted import of oil from the Persian Gulf nation.

The government has decided not to cut its annual borrowing this fiscal as it wants to keep

public spending high in order to keep growth engines running.

Foreign direct investment in the food processing sector is likely to go up by at least 25%

as FSSAI has streamlined the regulations to ease product approvals, the Union Minister

has said.

Government will announce a friendly tax regime in Budget that will encourage setting up

of startups in the country, Finance Minister Arun Jaitley reportedly said,

Indian exporters should not expect any good news in near future. Subdued demands from

global markets, combined with volatile currency markets, are expected to continue

causing troubles in near future too.

The International Monetary Fund kept India's growth projection unchanged at 7.3% in the

current fiscal and 7.5% in the next, even as it cut world economic outlook to 3.4% for

2016.

Mineral bearing states Odisha, Karnataka, Gujarat, Rajasthan and Maharashtra have put

16 iron ore and 23 limestone mines under the hammer for the first phase of auction.

The government will consider a new power tariff policy which aims at promoting clean

energy, better regulation of discoms and faster rollout of investments.

Telecom regulator Trai will firm up its view on spectrum price for the next round of

auction and differential pricing of data, which is central to the Net neutrality issue, by the

end of this month.

The Reserve Bank of India Governor Raghuram Rajan said that governments worldwide

need to create an underlying framework for growth in the long term for the global

economy.

The government today approved a 'viability gap funding' of Rs 51 billion for setting up

over 5,000 MW of grid linked solar power projects under the Jawaharlal Nehru National

Solar Mission.

The long-awaited new textile policy that aims to create 35 million jobs and boost exports

to over $300 billion over the next decade is likely to be announced within the next few

months, the Minister of State for Textiles has said.

The Reserve Bank of India Governor Raghuram Rajan on Wednesday sought to allay

fears about the ongoing rout across global equity markets, saying that things will stabilise

and people will look at stable emerging markets , including India.

Focusing on reviving private investments: Arun Jaitley Confident of utilising the

headroom available to the Indian economy, Finance Minister Arun Jaitley today said it

needs some additional growth engines and the focus now is on reviving private

investments. Inviting foreign players to invest in the infrastructure space, he exuded

confidence that the stuck reform measures like GST would go through as the numbers in

the Upper House will change favourably soon.

The Indian economy needs some multiple engines of growth, while the focus for the

government now is on reviving private investments, Finance Minister Arun Jaitley said

on Thursday.

Reserve Bank of India Governor Raghuram Rajan shot down Niti Aayog chief Arvind

Panagariya's suggestion to raise the central bank's inflation target, while pointing out that

the country's macroeconomic fundamentals were stable. He said the current global market

turbulence may owe much to central banks persisting with stimulus programmes for too

long.

Here's one more reason to worry about China's slowdown-in purcahsing power parity

terms China is now the largest economy in the world, though in nominal terms it is still

second to USA. Turbulence in US had led to the 2008 global crisis. China can be the

cause of a similar crisis.

Moody's Investors Service says that the development of domestic securitization markets

will help India and China achieve their common goal of building inclusive financial

systems that will ultimately bring affordable credit to the underprivileged segments of

their societies and which are usually excluded from the conventional banking system.

It has been a turbulent start to the year for the global financial markets, the dominant

trend being sharply falling equity prices, bond yields, and commodity prices. Does the

markets' dyspeptic start to the year presage a global economic downturn? We doubt it,

according to an article published by Standard & Poor's, titled "Why The Global

Economy Is Set To Perform Better Than Its "Angst Meter" Implies."

TOP CORPORATE NEWS -

Increased output by Coal IndiaLtd. has resulted in savings of about Rs 170 billion and

the state-run miner is set for a record production of 550mn tonnes this fiscal, a top

ministry official said.

Oberoi Realty sold 645 housing units for about Rs.18 billion in the third quarter of this

fiscal, largely in its newly-launched residential project at Borivali in Mumbai.

HPCL has received the environmental clearance to expand its refinery at Visakhapatnam

in Andhra Pradesh from 8.33 million tonne per annum to 15.0 MTPA.

Indian Oil Corporations latest refinery in Orissa, the first in over a decade for the

nations largest fuel major, started production of petrol from the Rs. 346 billion facility.

Godrej Consumer Products Ltd. is targeting 10% market share in the hand wash and

hand sanitisers segment in the next three years with its Protekt range.

The 10% stake sale in Coal India Ltd. is likely to be deferred to next fiscal as the

government wants to wait for stability in the equity market for a better valuation.

Online marketplace Flipkart has tied up with auto major Mahindra & Mahindra Ltd to

exclusively launch the latter's newest SUV- KUV100. Consumers can book the SUV on

Flipkart from January 18th, 2016.

In a first by a public sector firm, ONGC Videsh Ltd has refinanced a $1.8bn loan at

lower rates to save nearly $37mn in interest payout, besides extending the repayment

tenure.

Aurobindo Pharma has received final approval from USFDA to manufacture and

market its Tranexamic acid injection and Paricalcitol capsules in the American market.

Ashok Leyland's electric vehicles arm Optare has taken up a project to increase the

range of its MetroCity and Solo buses to 200 miles without intrusion into passenger

space, as per media reports.

Looking to add $1bn in revenues from inorganic growth to reach its target turnover of

$5bn by 2018, Lupin Ltd. says it is open to late stage specialty assets.

ITC's instant noodles brand Yippee is inching closer to become a Rs 10bn brand, making

the most out of the controversy that hit rival Nestle's Maggi.

The Supreme Court restrained the government from going ahead with any further

disinvestment of its stake in Hindustan Zinc Ltd, the management of which is under the

control of a Vedanta subsidiary.

Indian Oil Corporation aims to operate its largest grassroot refinery at Paradip at the

full 15MTPA capacity from next fiscal, a top company official said.

Godrej Properties said that it has entered into a joint development agreement with

Pratap Sarnaiks Vihang Group to develop 15 acres of land off Ghodbunder Road in

Thane.

Larsen & Toubro, in a joint venture with Daewoo E&C of South Korea, has bagged an

order worth Rs 31 billion from Bihar State Road Development Corporation for

construction of a six-lane cable bridge over river Ganga near Kachchi Dargah in Patna

district on NH-30, the engineering major said.

Reliance Communications Ltd. said it has paid Rs 54bn as a liberalization fee to the

telecom department.

Cipla Ltd. and three other drug makers - Emcure, Hetero and Natco - will sell generic

version of Bristol-Myer Squibb's anti-hepatitis drug, Daclatasvir.

TVS Motor Ltd. launched the new TVS Apache RTR 200 4V and a new Victor. It has

invested around Rs 3 billion to develop the product.

Tata Steel Ltd. has suspended operations at its Canadian iron ore-mining and processing

project this month.

JSW Energy said it expected to announce a deal by February to buy a thermal power

plant as discussions continue for two such plants.

Reliance Industries Ltd. will start production of natural gas from coal seams, called

coal-bed methane, in Madhya Pradesh shortly.

MRF Ltd has said that it is exploring possibilities of setting up a new plant outside South

India, and a possible location could be Gujarat.

Vedanta Resources has cut the value of its bond repurchase programme to US$227.4

million from the US$500-million figure it had announced last week, reports a business

daily.

CCEA will take call on the Rs 17bn investment proposal related to transfer of HDFC Ltd

shares to the UK-based joint venture partner Standard Life in HDFC Standard Life

Insurance Company.

TOP BANKING AND FINANCIAL NEWS OF THE WEEK

State Bank of India will be more cautious in converting loans into a majority equity

holding under the strategic debt restructuring scheme after a surge in such cases raised

questions over the ability of banks to sell these stressed assets within the 18 months given

to them.

The DCB Bank, headquartered in Roorkee, is set to open four new branches to provide

banking services to rural areas. The proposed branches of DCB will be operational at

Buggawala and Iqbalpur, both in Bhagwanpur block, Lakhnouta in Narsan block and

Margubpur in Roorkee block.

The Department of Posts plans to open 1,000 ATMs and bring all 25,000 departmental

post offices under core banking system by March this year.

The Reserve Bank of Indias drive to build up contingencies will result in higher credit

costs at times when net interest margins are declining. Divergence will widen further

between retail and corporate banksretail will stand out, while corporate remains weak.

Kotak Mahindra Bank Ltd on Monday said its net profit rose 36.5% from a year ago to

Rs.634.7 crore in the quarter ended December as it earned higher interest income and

benefited from increased commissions and fees.

The Reserve Bank of India said on Monday it will buy up to Rs.10,000 crore worth of

government bonds through an auction to infuse long-term liquidity in the banking system,

the second such auction in fiscal year 2016.

Banks and finance companies have suggested to the Reserve Bank of India several

measures that can be taken to stem the rising levels of bad loans, which are eating into

bank profitability and eroding investor confidence.

IDFC Bank is in advanced talks to acquire Royal Bank of Scotland's corporate banking

portfolio in a deal worth up to INR 3,000 crore, reports a business daily.

The government will pay banks a 2.5 per cent commission to unlock the country's

massive stash of gold under a new monetisation scheme, the Reserve Bank of India said,

as the ambitious plan received a poor response from banks and customers.

Private sector RBL Bank today launched a platform to provide end-to-end banking

services to the emerging entrepreneurial community.

As the World Form Debate ways to master the fourth industrial revolution, top banker

Chanda Kochhar today said financial sector has rapidly adopted the new technology and

ICICI bank is targeting total transactions worth Rs 80,000 crore through mobile banking

by the end of this fiscal.

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