TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

Nifty futures/Bank Nifty futures market closed on 8540/ 18680. According to technical analysis if Nifty futuresand Bank Nifty future moves down-word in tomorrow treading session then 8456 will be small support for Niftyfutures and 18512 will be small support for Bank Nifty futures. If it break this level then then Nifty futures can godown to 8291 level and Bank Nifty futures can touch 18139 level in next few days. It will be hard support forNifty futures and Bank Nifty futures. Meanwhile in up trend there is small resistance on 8607 for Nifty futures and19798 is for Bank Nifty futures after breaking this level with volume there is big resistance for Nifty futures on8793 and 19357 for Bank Nifty futures.

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )

NIFTY

DAILY R2 R1 PP S1 S28776 8628 8554 8480 8332

WEEKLY R2 R1 PP S1 S29094 8742 8566 8390 8038

MONTHLY R2 R1 PP S1 S29534 8852 8511 8170 7488

BANK NIFTY

DAILY R2 R1 PP S1 S219530 19006 18744 18482 17958

WEEKLY R2 R1 PP S1 S220470 19382 18838 18294 17206

MONTHLY R2 R1 PP S1 S221813 19753 18723 17693 15633

MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS

NIFTY 8429 8347 8443 8433

BANK NIFTY 18676 18296 18409 18347

PARABOLIC SAR DAILY WEEKLY MONTHLY

NIFTY 8439 8015 9154

BANK NIFTY 19277 17266 20848

NSE EQUITY DAILY LEVELS

COMPANY NAME R3 R2 R1 PP S1 S2 S3

ACC EQ 1459 1438 1417 1408 1396 1387 1375ALBK EQ 93 91 88 87 86 85 84

AMBUJACEM EQ 258 251 244 240 237 233 230ASIAN PAINT EQ 918 896 873 864 850 842 827AXISBANK EQ 616 600 585 576 570 561 555BAJAJ-AUTO EQ 2669 2612 2555 2535 2498 2478 2441BANKBARODA EQ 163 159 156 154 153 151 150BANKINDIA EQ 181 176 172 169 167 164 162BHEL EQ 293 288 284 281 279 277 275BHARTIARTL EQ 460 451 443 438 434 429 425CIPLA EQ 708 699 690 687 681 678 672COALINDIA EQ 443 436 429 426 423 419 416DLF EQ 113 110 106 105 102 101 99DRREDDY EQ 4027 3980 3933 3910 3886 3863 3839GAIL EQ 381 373 364 359 355 350 346GRASIM EQ 3938 3855 3772 3737 3689 3654 3606HCLTECH EQ 1044 1009 974 955 939 920 904HDFC EQ 1414 1393 1371 1363 1350 1342 1329HDFCBANK EQ 1194 1160 1125 1112 1091 1078 1056HEROMOTOCO EQ 2940 2860 2780 2731 2700 2650 2620HINDALCO EQ 116 112 109 108 106 105 103HINDUNILVR EQ 947 932 916 908 901 893 886ICICIBANK EQ 318 311 303 298 295 290 287ITC EQ 319 316 314 312 311 310 309INDUSIND BANK EQ 980 969 957 951 946 939 934INFY EQ 1138 1118 1098 1088 1078 1068 1058JINDALSTEL EQ 80 78 76 75 74 73 72KOTAKBANK EQ 747 738 728 723 719 713 709LT EQ 1917 1867 1818 1788 1768 1738 1718M&M EQ 1403 1378 1353 1341 1328 1316 1303MRF EQ 40557 39818 39079 38679 38340 37940 37600MARUTI EQ 4409 4342 4276 4244 4209 4177 4143ONGC EQ 301 293 285 280 277 272 269ORIENTBANK EQ 182 176 170 166 164 160 158RCOM EQ 75 73 70 69 68 67 66RELCAPITAL EQ 408 399 390 385 381 376 372RELIANCE EQ 1074 1056 1037 1027 1019 1009 1001RELINFRA EQ 432 423 417 409 405 400 397RPOWER EQ 46 45 44 43 42 41 40SBIN EQ 271 267 264 262 261 258 257SSLT( VEDL) EQ 143 139 134 132 130 127 126SUNPHARMA EQ 1155 1034 913 867 793 746 672TATAMOTORS EQ 414 401 389 381 377 369 365TATAPOWER EQ 75 74 73 72 71 70 69TATASTEEL EQ 290 279 267 259 255 248 243UNIONBANK EQ 167 163 159 157 155 153 151

TOP 15 ACHIEVERS // TOP 15 LOOSERS

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION )

1. RPOWER - RPOWER HAS BROKEN THE SUPPORT LEVEL OF 44.75 AND HAS TASTED THE44.05 NOW IF IT BREAKS THIS LEVEL THEN FURTHER DOWNWARD MOVEMENT CAN BEACCEPTED UPTO THE LEVEL OF 42.

2. TATAPOWER - ON DAILY CHART IF TATAPOWER BREAKS THE LEVEL OF 71.40 THEN ITCAN TEST THE LEVELS OF 69.70 AND 68.35.

3. PFC - IF PFC DOES’T BREAKS THE WEEKLY LOW OF 256 AND TRADES IN RANGE OF263/266 THEN IT MAY TEST THE LEVEL OF 270/273.

4. ITC - ITC IS TRENDING UPWARD SINCE LAST MONTH THIS WEEK IF IT BREAKS 318 LEVELTHEN 324/327 ARE POSSIBLE LEVELS.

5. ZEEL - ZEEL MAY CORRECT UPTO THE LEVEL OF 386/385 TO SHOW FURTHER POSITIVEMOMENTUM THE LEVELS OF 400/402 HAS TO BE CROSED TO REACH UPTO THE LEVEL OF412/417.

SR.NO

SCRIPT NAME PREVCLOSE

CMP % CHANG

1 TATA ELXSI LTD 1289.55 1589.65 +23.27

2 JK TYRE & INDUS 87.30 104.10 +19.24

3 INDIABULLSHOUSING

634.10 729.20 +15

4 PUNJAB CHEM 238.55 271 +13.60

5 INFOSYS 984.00 1088.00 +10.48

6 BEML LTD 1357 1485 +9.43

7 TATA CHEMICAL 460.20 502.50 +9.19

8 CEAT LTD 716.50 781.95 +9.13

9 ASHOK LEYLAND 74.45 80.90 +8.66

10 GITANJALI GEMS 39.30 42.70 +8.65

11 LIC HOUSINGFINANCE

457.80 496.30 +8.41

12 MRF LTD 35646.80 38600 +8.28

13 VARDHMANTEXTILES

696.35 748.90 +7.55

14 TECH MAHINDRA 479.95 511.05 +6.48

15 ALSTOME INDIA 768.50 815 +6.05

SR.NO SCRIPTNAME

PREVCLOSE

CMP % CHANG

1 LUPIN LTD 1942.95 1672.10 -13.94

2 UNITECH LTD 7.85 6.85 -12.74

3 GOOD LUCK STEEL

109.80 96.15 -12.43

4 DLF LTD 116.70 103.20 -11.57

5 JSW ENERGY 104.90 93.15 -11.20

6 FEDERAL BANK 77.60 69.70 -10.18

7 SUNPHARAM 929.75 836.20 -10.06

8 JP ASSOCIATED 11.65 10.50 -9.87

9 VEDANTA 145.50 132.45 -8.97

10 KTK BANK 150.95 137.60 -8.84

11 SKF INDIA 1445 1334.55 -7.64

12 JET AIRWAYS 349.50 323.870 -7.358

13 UNION BANK 171.60 159.50 -7.05

14 JINDAL ST&PWR 81.05 75.70 -6.60

15 AMBUJA CEMENT 255.20 240.15 -5.90

CURRENCY MARKET

USDINR R2 R1 PP S1 S2

DAILY 65.00 64.60 64.40 64.20 63.80

WEEKLY R2 R1 PP S1 S265.95 64.85 64.25 63.70 62.55

MONTHLY R2 R1 PP S1 S266.30 64.90 64.25 63.55 62.20

EURINR R2 R1 PP S1 S2

DAILY 71.90 70.95 70.50 70.00 69.10

WEEKLY R2 R1 PP S1 S275.00 71.75 70.10 68.40 65.10

MONTHLY R2 R1 PP S1 S278.80 73.30 70.55 67.80 62.30

JPYINR R2 R1 PP S1 S2

DAILY 52.30 52.10 51.95 51.80 51.55

WEEKLY R2 R1 PP S1 S253.50 52.35 51.80 51.20 50.10

MONTHLY R2 R1 PP S1 S2 56.85 53.75 52.20 50.65 47.55

GBPINR R2 R1 PP S1 S2

DAILY 101.50 100.30 99.70 99.10 97.90

WEEKLY R2 R1 PP S1 S2102.50 100.70 99.80 98.90 97.10

MONTHLY R2 R1 PP S1 S2107.90 102.50 99.95 97.00 91.60

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK

✍ Indiabulls Housing allot 49,700 equity shares on warrant conversion - IndiabullsHousing Finance Ltd has announced that on July 13, 2015, the Company, has issued andallotted 49,700 (Forty Nine Thousand Seven Hundred) Equity shares of face value Rs. 2/- each,upon conversion oF warrants.Consequent to the said allotment, the paid-up Equity ShareCapital of the Company stands increased to Rs. 71,14,16,828/- divided into 35,57,08,414Equity Shares of face value Rs. 2/- each.

✍ Jewellery stocks rally as Gold price fall - Shares of Jewellery stocks are in demand aftergold plunged 4% to its lowest in more than five years on Monday. The precious metal is dentedby the fact that vibes from US Federal Reserve and flow of economic numbers indicate that ratehike this year is very much on the cards. A fall in gold prices is expected to boost revenues fordomestic jewellers in the forthcoming festive season. The beneficiaries have been jewelrycompanies which are glittering on the bourses.

✍ Gitanjali Gems - Gitanjali Gems has jumped 13% at Rs. 44.20. On the BSE 11,59,000shares have been traded at the counter as compared to its daily average volume of 76,000 sharesin the past two weeks. Shree Ganesh Jewellery rallied as much as 12 per cent, whileTribhovandas Bhimji Zaveri surged 9.3 per cent in intraday trade.

✍ Rajesh Exports - Rajesh Exports was up 3.9% at Rs. 465. So far, the counter has seentrades of around 720,000 shares as against the two-week daily average volume of 380,000shares.

✍ FM to hold review meeting on PSU disinvestment - Finance Minister Arun Jaitley mayhold a review meeting on disinvestment plans for the fiscal, according to reports. A report saysthat the meeting with Disinvestment Secretary Aradhana Johri would focus on the PSU stakesale schedule of the fiscal.The government plans to raise Rs. 69,500 crore through PSU stakesale in current fiscal.Of this, Rs 41,500 crore is to come from minority stake sale and anotherRs 28,000 crore from strategic sale.

✍ ACC down by 2% on Q1 results – ACC dropped 2 percent to Rs. 1,456 on the back ofpoor Q1 earnings. ACC on Friday reported 45 percent drop in consolidated Q2 net profit of Rs.133.4 crore in the quarter ended June 2015, as against net profit of Rs. 243.1 crore during theprevious quarter ended June 2014. The stock has hit a high of Rs. 1463.55 and a low of Rs.1433.25. In BSE, the company's total traded quantity was around 0.75 lakh shares against twoweeks of average quantity of 0.22 lakh shares.

✍ UltraTech Cement surges 4% on Q1 results - UltraTech Cement boomeranged in tradesand emerged as the top gainer among the Nifty-50 stocks. The stock at first tumbled to a low ofRs. 3,117 - down 3.3 percent from the previous close fearing poor results taking cues from theACC outcome. The stock, recouped losses and soared to a high of Rs. 3,369 - up as much as 8

percent in intra-day deals after the company reported a net profit of Rs. 591 crore, in line withStreet estimates.The company had reported a net profit of Rs. 628 crore in the correspondingquarter a year ago.

✍ LIC Housing Finance Q1 net profit at Rs. 382 cr; NII at Rs. 659 cr -

The Company has posted a net profit of Rs. 3,821.339 million for the quarter ended June 30,2015 as compared to Rs. 3,223.068 million for the quarter ended June 30, 2014. Total Incomehas increased from Rs. 25,435.856 million for the quarter ended June 30, 2014 to Rs.29,654.568 million for the quarter ended June 30, 2015.

✍ Tata Motors to invest Rs. 38,800 crore for its passenger and commercial vehiclesegment - Country's automative giant Tata Motors, plans to invest in heavily in order tointroduce pile of new products and technology in its both passenger and commercial vehiclesegment, according to media reports.For the current fiscal year, the company has targeted toinvest around Rs. 38,800 crore as a capital expenditure.Tata Motors has already declared Rs3,000-4,000 crore capital investments this fiscal to boost all segments, the reports added.To liftup its JLR, it will insert in the luxury car segment around 3.5 billion pounds. JLR has beencontributing profit for the entire group for past some years, but since last year it is not in goodshape, as it reported a heavy loss of 32.7%. This year would be a important year for JLR, as itis upgrading its technological strengths via in-house R&D at its two engineering and designcentres in the UK.JLR will be soon introducing the Jaguar XE and the Discovery Sport acrossthe world this year.According to reports, the company roots for approval at its AGM on August13 to lift up to 4,400 crore by way of non-convertible debentures (NCDs) on a₹private-placement basis. The amount is expected to be raised over one year from the date ofpassing the resolution.

✍ Hindustan Zinc Q1 net profit at Rs. 2,380 crore; Operating Margin at 45.7% -

The Company has posted a net profit of Rs. 19,208 million for the quarter ended June 30, 2015where as the same was at Rs. 16,176.70 million for the quarter ended June 30, 2014. TotalIncome is Rs. 41,938.90 million for the quarter ended June 30, 2015 where as the same was atRs. 37,245.60 million for the quarter ended June 30, 2014.

✍ Tata Steel expects steel margins to remain under pressure in Europe - Tata Steel Europeis likely to continue with the restructuring of its UK operations.Cyrus Mistry, chairman, TataSteel Ltd reportedly said in the company’s annual report.Mistry added that the Adversecurrency movement and Chinese imports may force the company to undertake further assetright-sizing.The company is expecting steel margins to remain under pressure in Europe in2015.“The UK business of Tata Steel Europe is the most impacted by the surge of Chineseimports as its domestic demand continues to be weak,” Mistry added in the annual report for2014-15.Mistry also reportedly said that the global economy continues to be fragile anduncertain especially with regard to the impact of the Chinese slowdown and the Eurozonecrisis. On 17 July, Tata Steel announced 720 job cuts at its Rotherham facility as part of itsbusiness restructuring strategy.

✍ India is growing at much better rate than other economies - Finance Minister ArunJaitley warned of a threat to job creation if investments were blocked, says report. Jaitleyreportedly said that safety of workforce cannot be ensured without an increase in economic

activity. The minister said Indian economy was the fastest growing among major economieswith most of them facing challenges. Today we are proud that in this slow environment, whenall the countries are struggling, India is the fastest growing economy among other economies,"added FM.

✍ India is not yet attuned for rapid change, says NR Narayana Murthy - India is not yetattuned for rapid change. The Universities for Research & Innovation bill is pending for almostten years now. Our laws are still outdated. A company with foreign ownership of 50% isdeemed to be a foreign company despite being registered under the Indian Companies Act,paying taxes in India and employing Indian employees.The land acquisition bill and GST needsunanimous support from all stakeholders to make them more fair and acceptable tocorporations. India’s e-commerce boom is hardly a surprise and it’s perfectly fine foryoungsters in their 20s and 30s to hog the limelight on the back of massive marketvaluations.There’s no need to question the model given the homework done by the said playersbut they should keep in mind that the litmus test is still some distance away, when investorswill expect a decent return on their investments. Hence there’s a strong need to control costs,manage options and generate profits.

✍ ONGC Videsh eyes Farzad gas field again - ONGC Videsh Ltd is planning to develop thediscovered Farsi (renamed Binaloud) block in the West Asian nation, according to reports.OVL, along with its Indian partners Indian Oil Corporation and Oil India, had made the Farsidiscovery in 2008. OVL and team had begin exploration work as a service contractor but, underIran’s old rule. The new Iranian model offers more flexibility on cost recovery and capitalexpenditure.

✍ Indiabulls Housing Q1 cons net profit at Rs. 511 Crore - Indiabulls Housing Ltd hasposted results for the first quarter ended 30th June, 2015. The consolidated net profit for thequarter was at Rs 511 Crore. The company's consolidated total Income at Rs 1,829 Crore.

✍ Performance Highlights for the Quarter ended June 30, 2015 are - Gross and Net NPAshave remained stable from Q4 FY15 and are at 0.85% of total advances & at 0.36%respectively Net Profit for the quarter was Rs. 511 crore as against Rs. 424 crore in thecorresponding quarter of the previous year, showing a growth of 20.6% Net Interest Income(NII) was Rs. 821.5 crore as against Rs. 652.4 crore in the corresponding quarter of theprevious year, showing a growth of 25.9% Balance Sheet size is at Rs. 53,959 crore as againstRs. 46,359 crore in the corresponding quarter of the previous year. Total provision pool is Rs.626.9 crore against gross NPAs of Rs. 456.9 crore, which is a provision cover of 137.2%.

✍ HDFC Bank slips after Q1 results - HDFC Bank pared gains and plunged into the negativezone after the private sector bank announced its June quarter results. HDFC Bank's Q1FY16net grew by 20.7 percent to Rs. 2,696 crore when compared with Rs. 2,233 crore in thecorresponding quarter a year ago. Total income rose by 26.3 percent to Rs. 16,503 crore fromRs. 13,071 crore. The stock finally ended 1.8 percent lower at Rs. 1,095. The stock hadregistered a fresh 52-week high at Rs. 1,128 earlier in the day

✍ SKF India plunges 4.7% after weak Q2 results - SKF India plunged 4.7 percent to Rs.

1,384 after the company's net profit declined by 14.2 percent to Rs. 46.45 crore for the quarterended June 2015, as against Rs. 54.14 crore in a year ago period. The stock hit a high of Rs.1,445 and low of Rs. 1,378 on BSE today. The total traded quantity was 7967 odd-shares andtwo-week average quantity is 1,927 shares. The BSE benchmark index, the Sensex, openedmarginally (23 points) in red at 28,159, and soon slipped to a low of 28,071 on the back ofweak global cues.As the day progressed, the buying spread across sectors and the BSE Sensexmarched to a high of 28,546 - up 476 points from the day's low. The Sensex finally ended witha gain of 323 points at 28,505 - its highest level since 16 April, 2015.

✍ Bajaj Finserv Q1 net profit at Rs. 4669Mn - Bajaj Finserv Ltd has posted a net profit aftertaxes, Minority Interest and Share of Profit/(Loss) of Associates of Rs. 4669.00 million for thequarter ended June 30, 2015 as compared to Rs. 3193.70 mn for the quarter ended June 30,2014. Total Income has increased from Rs. 16299.30 mn for the quarter ended June 30, 2014 toRs. 22118.60 mn for the quarter ended June 30, 2015.

✍ Texmaco Rail net loss at Rs. 4.1 crore; Sales at Rs. 89.4 cr - Texmaco Rail Ltd hasannounced the following results for the quarter for the period ended June 30, 2015. Thecompany reported a net loss at Rs. 4.1 crore for the quarter ended June 2015, as against Rs. 7.8crore in a year ago period. During the period under review, the company's Total Income stoodat Rs. 90 crore Vs Rs. 42.1 crore for the above mentioned period.

✍ JSW Energy Q1 net profit at Rs. 2774.50 mn - JSW Energy Ltd has posted a net profitafter taxes, Minority Interest and Share of Profit/(Loss) of Associates of Rs. 2774.50 mn for thequarter ended June 30, 2015 as compared to Rs. 3254.70 million for the quarter ended June 30,2014. Total Income has decreased from Rs. 26001.90 million for the quarter ended June 30,2014 to Rs. 21760.90 million for the quarter ended June 30, 2015.

✍ Aurobindo Pharma falls on USFDA inspection - Aurobindo Pharma continues to tradewith a negative bias on the Bombay Stock Exchange (BSE), after media reported that the firmcame under the USFDA scanner during a recent inspection at its Unit 12 manufacturing site.Following which, the stock tumbled all-the-way to a low of Rs. 718, and is now down over 1.5percent at Rs. 736. So far 51,000 shares have changed hands at the counter as compared to itstwo-week daily average volume of 248,000 shares.

✍ M&M Financial Q1 net profit at Rs. 1074.190 mn - Mahindra & Mahindra FinancialServices Ltd has posted a net profit after taxes and minority interest of Rs. 1074.190 mn for thequarter ended June 30, 2015 as compared to Rs. 1695.092 mn for the quarter ended June 30,2014. Total Income has increased from Rs. 13843.704 mn for the quarter ended June 30, 2014to Rs. 15126.520 mn for the quarter ended June 30, 2015.

✍ Crompton Greaves Q1 cons net profit at Rs.16 Crore - Crompton Greaves Ltd has posteda net profit after taxes, minority interest and share of profit of associates of Rs. 160.10 mn forthe quarter ended June 30, 2015 as compared to Rs. 640.20 mn for the quarter ended June 30,2014. Total Income has decreased from Rs. 34725.80 mn for the quarter ended June 30, 2014 toRs. 32113.60 mn for the quarter ended June 30, 2015.

✍ Axis Bank Q1 PAT at Rs. 1978 crore;Gross NPA at 1.38% - Axis Bank has posted a netprofit of Rs. 1978 crore for the quarter ended June 30, 2015 as compared to Rs. 1666.76 crorefor the corresponding quarter of the previous year, up by 18.69%. The company’s total Incomehas registered 22.58% growth at Rs. 12234.41 crore for the quarter under review from Rs.9980.47 crore for the quarter ended June 30, 2014 The gross NPA was at 1.38%.

✍ Biocon stock up 3% as Q1 net profit rises 23% - Shares of Biocon Ltd were tradinghigher 3% at Rs. 472 on BSE today. The company’s consolidated net profit increased by22.67% to Rs. 1,26.24 crore in Q1FY16 from Rs. 1,02.91 crore in Q1FY15. Total Income hasgrown by 15.44% to Rs. 856.51 crore for the quarter ended June 30, 2015 from Rs. 741.95crore for the similar quarter of the previous year. The stock hit a high of Rs. 478 and a low ofRs. 469.05 on BSE today. Total traded quantity on the counter stood at over 2.16 lk shares onBSE.

✍ Bank of Baroda advances as RBI lifts curb on FII buying - Bank of Baroda is trading ona positive note near the highs of the day on the back of positive news flow. According to mediareports, the Reserve Bank of India (RBI) has lifted restrictions placed on foreign investors tobuy shares in Bank of Baroda, saying the limit has gone below threshold. The stock is now up2.3 percent at Rs. 156. The counter has seen trades of around 109,000 shares as against thetwo-week daily average volume of around 243,000 shares on the BSE.

✍ RBI grants Banking Licence to IDFC Bank - IDFC Ltd has informed BSE that theReserve Bank of India today has granted Banking Licence for undertaking banking business inIndia under Section 22(1) of the Banking Regulation Act, 1949. Now, IDFC is up almost 4percent at Rs. 159, and has seen trades of around 854,000 shares as against the two-week dailyaverage volume of 379,000 shares.

✍ Tech Mahindra announces partners for Intelligent Electric Vehicle Charging SystemProject. - Tech Mahindra Ltd has announced partners for Intelligent Electric Vehicle ChargingSystem Project. This project is sponsored by Ministry of Energy and funded in part throughOntaria Smart Grid Fund initiative.

✍ Wockhardt gains after completing inspection - Wockhardt is trading on a firm note on theBSE in early morning deals, on the back of positive news flow. According to release issued bythe company to the BSE, Wockhardt which was under the scanner of the US Food and DrugAdministration (US FDA), on Thursday said that the American health regulator has completedinspection of its Nalagarh facility in Himachal Pradesh. The stock rallied to a high at Rs. 1,538,and is now up over 1.5 percent at Rs. 1,527. The counter has seen trades of around 41,000shares, as against the two-week daily average volume of 161,000 shares.

✍ Wholesale onion price increase 70% in a month - The Wholesale onion price atLasalgoan in Maharashtra has increased up by 70% in just about a month, according toreports.A report says that the prices in July usually tend to be higher because the supply goesdown.The onion was being sold at Rs. 25.50 per kg in Lasalgoan market, while the retail pricesare in the range of Rs. 35-40 per kg.The government increased the minimum export price

(MEP) for the commodity.

✍ Cairn India buyout offer is fair - Vedanta Limited reportedly said that its offer to buy outminority investors in Cairn India was fair. Vedanta Chief Executive Tom Albanese stated thatthe group was engaging with all minority shareholders, though a vote on the $2.3 billion dealwas likely to be held only in the last three months of 2015, says report. "In all cases, with everyshareholder, we have had the engagement, as you would expect we would," Albanese said. Thebuyout deal, is the latest effort by Vedanta to simplify a complex structure.

✍ Alstom T&D India Q1 net profit at Rs. 19.6 crore; EBITDA Margin at 7.7% - AlstomT&D India Ltd has announced the following Unaudited Standalone results for the quarterended June 30, 2015. The Company has posted a net profit of Rs. 195.8 million for the quarterended June 30, 2015 as compared to Rs. 284.4 million for the quarter ended June 30, 2014.Total Income has increased from Rs. 6,734.6 million for the quarter ended June 30, 2014 to Rs.8,117.6 million for the quarter ended June 30, 2015.

✍ Shasun Pharma dips marginally on Madras HC nod for merger - ShasunPharmaceuticals surged to a high of Rs. 407 amid reports that the Madras High Court approvedmerger of the company with Strides Arcolab. The merger will be effective after Bombay HighCourt and FIPB approvals.The stock, however, finally ended 0.5 percent lower at Rs. 392.OnBSE, around 51,000 shares have been registered against two weeks average quantity of 25,000shares.

✍ Maruti Suzuki launches Nexa retail outler - Maruti Suzuki India, with a vision to sell twomillion vehicles annually by 2020, has launched a new initiative called Nexa. These are retailoutlets, which will sell premium products, as Maruti looks to further cement its position as thelargest carmaker in India. As per media reports, company's upcoming S-Cross model would bethe first product to be sold from Nexa outlets. S-Cross will see a launch in the first week ofAugust, and comes with a price tag of Rs. 10 lakh. Nearly 100 Nexa showrooms will come upacross the country over the next six-eight months.

Top Economy news

The civil aviation ministry is likely to allow domestic airlines to pool their orders to purchaseaircraft. This would reduce costs for carriers because it would help them negotiate better termswith aircraft manufacturers and bring down the overall associated costs.

Sowing of kharif crops was complete in nearly half the normal area as on Thursday as farmershaving rushed to plant their crops to take advantage of the moisture from the good Juneshowers. This is much better than in the corresponding period in 2014, when sowing was donein only 33% area.

The BJP government in Maharashtra is exploring option to retires hige cost debt of Rs. 540 bnof its three unbundled power companies by raising loans at lower interest rate.

With plans to set standards for alcoholic drinks including beer, whisky and rum among others,central food safety watchdog FSSAI is likely to come out with a draft notification within a fewweeks.

Civil aviation ministry has said it is not planning to cap fares. The ministry which has beenreceiving complaints from parliamentarians over unreasonable fare hikes in peak season said itis not considering a mechanism for capping of airfares to curb predatory pricing.

The Rajya Sabha-appointed select panel on the Goods and Services Tax Bill has suggested thatStates be compensated for loss of revenues arising from GST implementation for five years.

The investment of Employees Provident Fund Organisation (into equity markets could gobeyond 5% depending on the response from the initial investment of up to 5%, said UnionMinister for Labour Bandaru Dattatreya.

Nasscom President said that hiring in the IT sector will rise around 6% this year.

The price of onions, a staple that has sparked protests in the past and toppled stategovernments, has jumped to its highest in nearly two years and could fuel food inflation asscant rain delays plantings.

As of May 1, 2015 a total of 758 projects were on the monitor and of these 323 were showingtime overruns against their original dates of commissioning, Minister of State for Statistics andProgramme Implementation V K Singh said in a written reply in the Rajya Sabha.

Realty players fear that the Maharashtra government’s proposal to modify regulations for grantof transfer of development rights in Mumbai based on road width will adversely impactredevelopment projects across the city.

Ministry of mines has urged the Finance ministry to take steps to protect the domesticaluminium industry that is facing a tough time.

India had 25.51 million broadband users in rural areas as compared to 73.69 million subscribersin urban parts till March 2015, Parliament was.

The government has decided to update the National Population Register (NPR) and seed the

Aadhaar number in the NPR database.

The landmark Bill on GST won majority support of the Rajya Sabha Select Committee, whichendorsed almost all the provisions while also agreeing to demands of parties like TMC for afive-year compensation to States.

Top Corporate News

Tata Motors has earmarked Rs388bn as capital expenditure for the current financial year. This is an 11.20% increase over the Rs349bn the company had set aside in FY15

HDFC will raise up to Rs850bn crore by issuing NCDs as Tier-II capital in the next 12 months.

PTC India is eyeing increasing the number of medium-term power purchase agreements with power generators and utilities.

HSIL Limited is entering the consumer products segment to diversify its business into other product categories.

Mahindra and Mahindra entered the branded food business category with the launch of its edible oil product through its agri-business division. The company launched the mustard oil product for the eastern market and will expand it nationally.

Jet Airways announced hefty discounts on its business class fares of its domestic flights.

Maruti Suzuki India plans to hire around 2,500 relationship managers by the end of this fiscal for its new retail outlets under Nexa brand to sell premium products, starting with its upcoming S-Cross model.

Reliance Industries has decided to relinquish two gas discoveries off the east coast and opted to carry out government prescribed confirmation tests to retain three other finds.

Nestle India has alleged that the government laboratories were not equipped to conduct lead content test and hence a countrywide ban its popular snack Maggi noodles is "illegal".

ONGC Videsh Ltd has lost out on its bid for two oil blocks in Mexico's first licensing round in 88 years.

Sun Pharma expects to take a hit on profit for the fiscal due to the charges related to the ongoing integration with Ranbaxy Laboratories.

Iran’s proposed new deal on oil exploration may make it attractive for ONGC Videsh Ltd to develop the discovered Farsi block in the West Asian nation, now open for business with the West lifting the sanctions.

Hero Motors group has appointed Pankaj Munjal as its Chairman and Managing Director. He

will replace Om Prakash Munjal, who led the company for more than 60 years.

RPP Infra Projects said it has won a Rs456mn contract in Chennai for a storm water drain project.

Reliance Infrastructure led Mumbai Metro One will seek metro operational subsidy from the state government to keep the fares lower, even as the fare fixation committee has recommendedits revision in the range of Rs 10 to Rs 110 for the over 11-km-long corridor.

Aptech Ltd has announced its partnership with Flipkart to provide skill-building programs to train the sellers in upgrading their proficiency.

YES Bank has filed an appeal against the Bombay High Court judgment in the YES Bank and Madhu Kapur case. The court order was made public on June 17 but had been stayed for operations for a period of five weeks which ends on Tuesday.

Bosch plans to invest Rs4bn in its Chennai facility, which currently manufactures washing machines.

Force Motors inaugurated its new engine manufacturing and testing facility near Chennai. Thefacility will build and test engines and transmission for BMW cars and SUVs made in India.

Aiming for a dominant position in the mass-market sports utility vehicle segment in India, Hyundai launched Creta with price starting at Rs 8.59 lakh .

The aluminium business of India's Vedanta Ltd has scaled down operations and may make "huge" job cuts due to low world prices and rising imports.

Tata Power’s plans to sell its 30% stake in Arutmin mine in Indonesia for close to US$500mn to Bakrie group of Indonesia is delayed due to a crash in coal prices and due to a debt restructuring plan pending with the lenders.

Bharti Airtel said it has no plans to exit its African operations even as the company has enteredinto talks with France-based Orange to sell four subsidiaries in the continent

HCC has been awarded a Rs7.85bn contract by Northeast Frontier Railway in joint venture with Coastal Projects Ltd.

Indian Hotels Company, run by the Tatas, will open 14 new properties in India and abroad this year. This will be twice the inventory company is set to open compared to last year.

Tata Power released its strategic intent until the year 2022, which lays emphasis on scaling upthe generation capacity and value-added businesses including services and trading. By 2022,the company plans to increase the generation capacity from 8,750 MW to 18,000 MW with20-25% from clean and green sources, 4,000 MW distribution and decentralised distribution ofelectricity generation and 10x growth in value-added businesses.

TCS will be setting up a research and development at the International Institute of InformationTechnology, Hyderabad with an investment of Rs. 200 mn.

Maruti Suzuki India launched retail outlets under Nexa brand to sell premium products as thecompany looks to further consolidate its position in the domestic market.

Lupin Ltd said it had agreed to buy privately-held generics company Gavis for US$880mn tostrengthen its presence in its largest market, the United States.

Tata Motors is targeting to nearly treble its exports to about 1.5 lakh units in the next 3-4years.

Mahindra & Mahindra unveiled a new version of its off-road vehicle Thar at Rs 8.03 lakh(ex-showroom Nashik).

Sun Pharmaceutical Industries may relegate the manufacturing facility at Paonta Sahib inHimachal Pradesh for supplies to markets other than the US.

Adani Ports and Special Economic Zone Ltd raised US$650mn via its debut dollar bondissue and the proceeds will be used to refinance foreign currency denominated debts and fundcapital expenditure.

Mahindra & Mahindra has no plans to foray into commercial aviation space, the companysaid in statement.

Glenmark Pharmceuticals launched its “low-cost anti-diabetic” drug to treat Type 2 diabetes,which it claims will be sold at half the price of similar molecule of competitors.

Adani Ports has launched its debut dollar bond to raise upto US$1.5bn.

Heritage Foods Limited is looking for a potential joint venture with a leading Europeancompany to collaborate on value added dairy products for domestic as well as overseas market.

JSW Energy, part of the JSW Group has tweaked its growth strategy. The company will notpursue investments in green field projects but go in for the acquisition of stressed powerprojects.

Isuzu Motors India launched the automatic variant of its sports utility vehicle MU-7 priced atRs 23.9 lakh .

GVK Power & Infrastructure Ltd will seek shareholders nod for an enabling resolution tofacilitate the company raise up to Rs10bn, with a Greenshoe option to retain highersubscription of about Rs5bn.

Apollo Tyres has launched a new tyre in Indian market that promises to run up to 1 lakh kmsand beyond. Jointly developed at global R&D centres in Chennai and Netherlands, the tyreAmazer 4G Life is targetted at the mileage conscious customers. In order to strengthen its motorcycle business in international markets, Eicher Motors MD &CEO Siddhartha Lal has decided to relocate to the UK for a year, starting next month.

Cyient Limited announced the acquisition of Global Services Engineering Asia, based inSingapore, from Pratt & Whitney Services Pte Limited. This site provides repairs, developmentand validation for aero gas turbine engine components in support of Pratt & Whitneythroughout the region.

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