Oil & gas RIL ONGC

12.10 9.80

IT Infosys TCS Wipro HCL

21.80 21.90 17.30 16.90

FMCG ITC HUL

28.50 34.30

Banking ICICI HDFC bank HDFC SBI Axis PNB

14.60 23.80 24.70 10.00 10.50 6.00

Infra DLF Rel Infra

11/22/2011 Euro-quake And political limbo over cutting US deficite shake Indian M SENSEX fell by 425.41 pts to 15946.10 NIFTY fell by 127.45 pts to 4778.35 Rupee fell to all time low of 52.16 per $

Footware industry doubles to Rs 20k cr in 5 years as Indians go on sho BofA cuts India GDP estimate to 7.2%. Fiscal deficit widening to 8.3%

Planning commission Deputy chairman Montek- fiscal deficite may go

11/23/2011 US private equity giant Blackstone Group expects to invest roughly $5 Products that will become expensive Petro & crude items Machine tools Iron & steel Transport equipment Veg oils fixed(edible) finance minister hopes inflation would drop to 6-7% by march end.

11/24/2011 RBI allowed banks to offer higher return on as well rupee deposits par on non-resident(external) or rupee deposits, the intt cap has been inc Cyrus pallonji Mistry to succeed Ratan Tata as Tata group chairman.

RBI asks cos to bring back money raised abroad for rupee expenditure

Fin Min Pranav- Indian growth fundamental are strong but global mes

11/25/2011 The commerce ministry has invited views on whether SEZs can be allo attractive to foreign investors..

PC's are likely to beocme costlier due to double impact of a falling rup

Maha govt is considering increasing the duty payable by cos consumin Ultra Tech Cement, ACC are among the large owners of captive powe

11/26/2011 NRIs home in on property as Rupee depreciates. Realty gets a boost a three years has given returns of 30-40%. The number of NRIs investin their share in domestic sales has nearly doubled to 15%.

11/28/2011 The centre for Monitoring Indian Economy(CMIE) has scaled down its 12/1/2011 GDP for the qtr july-sep of 2011-12 6.9%(corresponding previous qtr Petrol now cheaper by 78 paise. Sensex in green as Q2 earnings mee forecast. Index gains 115 pts. meeting the target of degifict of 4.6% of GDP is almost difficult.

12/2/2011 SENSEX shot up 360 pts on FII inflows amid strong global mkts followi inflation at home. food inflation drpped to 8% for week ended Nov 19, from 9.01% in th

The fin min has asked all ministries and deptt to prepare their budget fin min has now admitted that that meeting the target will be difficult

12/3/2011 Pranav-economic growth could moderate to 7.5% in current FY and th

Report 'World Economic Situation and Prospectus 2012' by UN- globa

Blame on-

Morgan stanley- SENSEX may surge by 16% next year. Reasons- comfo however economic turmoil in developed world is likely to act as damp

SENSEX posted solid gains on Friday on prospects of revival in foreign concrete solution to eurozone debt crisis buoyed world markets. investors eyeing on dec 9 european summit for bold decision and US n US hiring gain probably failed to cut Unemployment. 12/5/2011 RBI likely to cut CRR by 25 bps to improve liquidity in system. 12/6/2011 RBI to buy bonds worth Rs 10k-cr via open market operation(OMO).

India(RBI) Reduces exposure to US treasury bonds even though bonds SENSEX may fall further according to BofA UBS Securities

UBS expects inflation to slow to 7% by march and then remain betwee

12/8/2011 Subsidy bill to exceed budget by Rs 1 lakh cr. This extra spend could a

Credit Suisse Group cut its earning estimates for BSE's sensex cos by 7 was cut to Rs 1120. 12/9/2011 India becomes 3rd biggest US arms purchaser..

sensex fell 2.3% on Thursday amid concerns over slowing growth and resolve its debt crisis. Mkt will remain under pressure over the next o

India's power sector woes could impact economic growth by abt 0.5%

India's per capita income rose to over Rs 54000 in 2010-11 from Rs 18

12/10/2011 Exports numbers till oct overstated by $9 bn. Error blamed on system

SENSEX loses 275 pts but analyst say mkt has over reacted to mid term review. Mid yr economic review projected GDP growth 2011-12 Projected inflation Nov 2011

12/20/2011 majiority see sensex at 14k-16k by march and 16k-18k by dec 2012. IT

12/22/2011 emerging mkt stocks, especially Brazil and India, are poised to "signifi worlds biggest exporters of commodity.

Indian cos have a record $11.4 bn of dollar denominated bonds to rep

Moody's unified India's local and foreign currency bond rating at Baa3

US PE fund Gerken Capital Associates plans to invest $200 mn in India

inflation for agri labour and rural labour falls to 8.95% and 9.14% resp 12/23/2011 Food inflation month ago 8.54% sharp decline in food inflation due to sharp seasonal decline in prices

nearly $160 bn worth of Indian borrowing from europe faces uncertai even at higher rates could become difficult. The inability to find funds on Rupee.

US conglomerate Emerson planning to invest in India to take advantag years. Co is betting big on India's rapidly growing energy sector.

India plans to borrow Rs500 bn by pledging property and shares to b divestment programme. Shares in cos such as ITC, L&T and Axis bank

12/26/2011 India likely to be among favourable IPO destination by 2025.

12/27/2011 The output of eigth core sectors expanded at four-month high annual in oct, though economists warn it may be short lived. The biggest pos

12/28/2011 India to become worlds 5th largest economy by 2020, currently its 10

12/29/2011 BRIC indexes may fall another 20% next year, buffeted by the liquidity lose momentum.

12/30/2011 food inflation at 0.42% in week ended Dec 17. Inflation may drop belo

Indian cos are likely to report a 2% drop in operating profit margins in growth and sluggish investment activity. Expected revenue YoY reven

12/31/2011 PM said govt would borrow at least 25% more than what it budgete Bond yields are expected to jump on Monday when mkts begins tra

Sensex closed 0.6% lower on Friday and posted its first annual fall in t inaction turned off investors. The benchmark shed 24.6% in 2011 to b and a possible cooling off in inflation that would allow RBI to revers

Telecom, IT, Pharma, power co ended positive.

1/2/2012 India has allowed foreign individuals, pension funds and trusts to dire

Global investors pull out $4-bn from India funds during 2011 amid con

1/3/2012 CLSA forecasts the Re at 60 to a US dollar, a depreciation of another

1/4/2012 CRISIL- India Inc' revenue growth may slow. Interest paying ability o

$ 7.6 trn of debt of G7 and BRIC countries is maturing this year, with

1/5/2012 Maha govt has increased electricity duty payable to 150 paise per un

the state would now have to shell out more for power generat
1/6/2012

SENSEX dropped for a second session in a row on con and weigh down mkt in near term

Food inflation falls below zero for the first time in six years, do

1/9/2012 RBI refuses to allow FDI with option to sell stake to promoters despi

Costly crude, weak fiscal health & sinking Re may delay rate cut till m

GDP in current fiscal would be 7% down from 8.5% a year ago- PM M

1/10/2012 Bank chiefs are likely to suggest that RBI should cut policy rates in view

1/11/2012 New investment proposals in 2011 fell 45% to 10.46 lakh crore, from turning into grim reality. Growth rate could fall BELOW 7% if Govt do

RBI has ruled out the possiblity of rate cut in its monetary policy rev

Moody's has upgraded India's rating for short term foreign currency Sensex rose by 350 pts due revised rating and also on hopes of likely

1/12/2012 Deutsche Bank has set year end Sensex target of 18000, marki

Banks lent close to Rs 1 lakh cr in the last fortnight of Dec also for mkt intt rate to be cut even as RBI sticks to its anti-inflation

India's overall inflation rate is likely to fall sharply to 6.5% this

1/13/2012 growth in Index IIP growth rebounds, may reverse negative sentiment output of mfng sector power generation consumer goods production consumer durable consumer non durable mining output capital goods basic goods

Food prices will start rising again and food inflation may h inflation and reduction in fiscal deficit. 1/17/2012 Export growth for mth over previous mth 6.70% $25 bn govt can achieve its $300 bn target. Export growth for first three qtr of 2011-12 $ bn 25.80% 217.6

Estimated trade deficit for the fiscal $155 bn-$160 bn or even more. Nov-11 7.47%

WPI

1/18/2012 Indian equities are unlikely to fall much further as they are already tra Mutual Fund unit. A significant slowdown in China and further proble 1/20/2012 Kuwait soveregin fund to invest $ 1 bn in India. Rate cut unlikely despite cooling inflation: ICRA. At -0.42%, food inflation in negative for 3 weeks in row.

India's merchandise trade is on its way to touch $750 bn in current f 1/25/2012 RBI cuts CRR by 50 bps to 5.5%. Sensex rose to 16995.77 1/31/2012 %growth in core sector crude production petroleum refinary steel coal fertilisers cement electricity natural gas Dec-11 3.10% 5.60% 0.80% 2.20% 5.60% 0.80% 13.30% 8% -0.0043%

2/14/2012 the RoadMin proposed an increase in the minimum road tax charged 2/22/2012 consumer price inflation rises 7.65% in jan. 2/29/2012 Core sector growth falls to 0.5% in Jan, hits recovery hopes crude production petroleum refinary steel coal fertilisers cement electricity natural gas 2% 4.6% 2.9% 7.5% 4% 10.6% 2.4% 8.9%

22.50 7.00

Telecom Bharti air Rel comm

27.10 14.20

Auto Tata mot 6.00 Bajaj Auto 14.00 Hero honda 20.80 Maruti 13.50

Metal Tata steel JSW Hindalco Sterlite SAIL

3.50 13.40 10.20 6.40 9.80

Capital goods BHEL NTPC Tata Pow Pow grid Rel pow L&T siemens

10.50 13.90 87.00 17.00 33.30 18.70 27.10

bo over cutting US deficite shake Indian Market

Montek hopes Re will stabilise soon.

o Rs 20k cr in 5 years as Indians go on shopping spree. Not feeling impact of slowdown. to 7.2%. Fiscal deficit widening to 8.3% of GDP from FY08's 4.5%. chairman Montek- fiscal deficite may go up by 1% from targeted 4.6% of GDP for FY 2011-12

stone Group expects to invest roughly $500 mn to $700mn a year in India over next few years.

WPI weight 10.26 8.93 6.36 5.21 3.04

%share/imports 32.16 0.60 1.94 1.95 1.45

on would drop to 6-7% by march end.

gher return on as well rupee deposits parked by NRIs. Banks can now give 125 basis pts over LIBOR on foreign currency non-resident account. rupee deposits, the intt cap has been increased to 275 basis pts over LIBOR. To increase dollar inflows.

ed Ratan Tata as Tata group chairman.

oney raised abroad for rupee expenditure in India one of the mesure to ease currency mkt's woes.

h fundamental are strong but global mess and withdrawal by FII's is hurting.

nvited views on whether SEZs can be allowed to sell locally at concessional custom duty, as it casts around for ways to make them more competitve an

tlier due to double impact of a falling rupee, coupled with floods in factories in Thailand which makes HDD.

easing the duty payable by cos consuming electricity generated by them for captive use. Rates likely to treble to 150 paise per unit from 40 paise. RIL, among the large owners of captive power units in the state. Such hike will be a major blow to industry.

Rupee depreciates. Realty gets a boost as non-residents look for safe investment. Indian real estate, even during the global economic turmoil over the of 30-40%. The number of NRIs investing in Indian real estate started dropping as the markets in West seemed to improve between 2009-2010. now, has nearly doubled to 15%.

dian Economy(CMIE) has scaled down its GDP forecast by a notch to 7.8% for this fiscal from earlier forecast of 7.9%

11-12 6.9%(corresponding previous qtr 7.7%). Growth in core sector 0.1%. Very low.

gs mee forecast. Index gains 115 pts.

t of 4.6% of GDP is almost difficult.

I inflows amid strong global mkts following coordinated moves by Central banksers to help ease the euro zone debt crisis and a sharp dip in food

or week ended Nov 19, from 9.01% in the previous week.

istries and deptt to prepare their budget for 2012-13 with fiscal deficit target of 4.1% of GDP. at that meeting the target will be difficult this year after it ran up a fiscal deficit of almost 74% of budget estimates in the first seven mths itself.

uld moderate to 7.5% in current FY and there will be no stimulus to bring back growth momentum.

uation and Prospectus 2012' by UN- global economic growth forecast downgraded by one percent point for 2012 to 2.6% and 3.2% for 2013. GDP growth in developing countries is expected to decelerate from 6% in 2011 to 3.8% in 2012. decelaration in inflation in developing countries in 2012 and 2013 due to lower economic growth. Blame on-USA debt ceiling debate, deepening Eurozone crisis. USA and EU are expected to grow at 1.5% AND 0.7% in 2012 down from 1.7% and 1.6% in 2011 respectively

y surge by 16% next year. Reasons- comforting inflation data, govt's recent bold policy announcements. n developed world is likely to act as dampner.

Friday on prospects of revival in foreign fund inflows and expections of a pick up in domestic growth. Hopes of an upbeat US jobs data and a e debt crisis buoyed world markets. opean summit for bold decision and US non-farm payrolls data due later on Friday. d to cut Unemployment.

s to improve liquidity in system.

0k-cr via open market operation(OMO).

to US treasury bonds even though bonds rallied after the sovergine downgrade by rating firm S&P. according to UBS Securities to 14500 13500

preferred stocks Sun pharma, Lupin, Maruti Suzuki, HDFC bank, and ICICI bank Bharti Airtel, CIL, Federal Bank, Idea cellular and M&M least prefered stock BOI, HCL tech, LIC fin, Tata motors.

to 7% by march and then remain between 6% and 7%.

by Rs 1 lakh cr. This extra spend could alone increase fiscal deficit by 1.1%, lifting it to 5.7%

rning estimates for BSE's sensex cos by 7% to 13000 for year ending in March 2013. The earning estimates for 12 months ending on March 31,2012,

amid concerns over slowing growth and govts instability to pursue reforms, and uncertainity over whether the euro zone can agree on how to ll remain under pressure over the next one week.

uld impact economic growth by abt 0.5%- Deutsche Bank report.

e to over Rs 54000 in 2010-11 from Rs 18450 in 2001-02. annual avg growth rate of abt 12.8% during 2001-02 to 2010-11.

stated by $9 bn. Error blamed on system crash and mistakes in data entry by officials.

lyst say mkt has over reacted to mid term review as the lower GDP projections were already known and there is nothing new that u can derive frm

7.50% 9% expected to moderate sharply.

6k by march and 16k-18k by dec 2012. IT sector is top pick due to weak Re.

ally Brazil and India, are poised to "significantly underperform" next year as commodity prices fall further - BofA. Developing nations are among

4 bn of dollar denominated bonds to repay in 2012 just as Re falls to an all time low. ICICI bank ltd and BOB holding most.

and foreign currency bond rating at Baa3 and said outlook on ratings was stable. Sensex rose by 500 pts.

sociates plans to invest $200 mn in India.

ural labour falls to 8.95% and 9.14% respectively.

week ago now 4.35% 1.80% n due to sharp seasonal decline in prices of vegetables and cereals but no hopes of rate cut as non-food manufacturing inflation still high.

an borrowing from europe faces uncertain future as euro banks embark on panic leveraging. Experts say, in the worst case scenario, loan rollover come difficult. The inability to find funds will further slowdown economic activity by pushing up borrowing cost and put downward pressure

anning to invest in India to take advantage of country's growing power, telecom and auto sectors. Co will invest $35-40 mn every year for next four dia's rapidly growing energy sector.

bn by pledging property and shares to bridge govts budget deficite. The cash will be used to buy stakes in state run cos and help govt in it Rs 400 bn res in cos such as ITC, L&T and Axis bank held by state controlled fund could be offered as collateral.- Bloomberg.

urable IPO destination by 2025.

ors expanded at four-month high annual rate of 6.8% in nov providing hope that industrial production may bounce back from the sharp contraction arn it may be short lived. The biggest positive is 4.9% rise in coal production.

argest economy by 2020, currently its 10th- Economic think-tank centre for Economics and Business Research(CEBR).

r 20% next year, buffeted by the liquidity squeeze due to Europe's soveregin debt crisis. BRIC funds saw record outflows of $15 bn as countries

ek ended Dec 17. Inflation may drop below 6% by march on cooling food prices.

a 2% drop in operating profit margins in Q3 of current financial year.while revenue growth is expected to drop following slowdown in consumption ent activity. Expected revenue YoY revenue growth of around 14-15% during oct-sep qtr as cpmapred to 22.5% in corresponding previous qtr.

at least 25% more than what it budgeted for in last feb as its finances lay in tatters following unprecedent subsidy payments and faltering revenue jump on Monday when mkts begins trading as an additional Rs 65000 cr of borrowing through treasury bills.

Friday and posted its first annual fall in three years as a combination of near double digit inflation, high interest rates, slowing domestic growth and po The benchmark shed 24.6% in 2011 to be the world's worst performing major equity mkt. the outlook for next year remains bleak, although cheaper inflation that would allow RBI to reverse its monetary tightening cycle raise some hope.

power co ended positive.

ividuals, pension funds and trusts to directly invest in equities to shore up investors confidence and attract money from overseas to bridge current acc

bn from India funds during 2011 amid concerns of high fiscal deficite and spiralling inflation.

o a US dollar, a depreciation of another 12%.

owth may slow. Interest paying ability of top 500 cos dips to 5-year low due to high interest rates & low operating profits.

RIC countries is maturing this year, with most facing a rise in borrowing cost.

ctricity duty payable to 150 paise per unit from 40 paise on captive power. RIL, JSW steel, ULTRA Tech and ACC, which own large captive pow

to shell out more for power generated from their units.

second session in a row on concerns quarterly results starting next week will mostly show sharp drop in earnings g

zero for the first time in six years, down to -3.36% from a year ago on increased supplies of fruit and vegetables

h option to sell stake to promoters despite commerce min approving the practice

alth & sinking Re may delay rate cut till march

be 7% down from 8.5% a year ago- PM Manmohan Singh

est that RBI should cut policy rates in view of slowdown in demand for loan.

2011 fell 45% to 10.46 lakh crore, from 18.88 lakh cr a year earlier. Cos are shelving projects due to absence of clear policies. Fears of slowdown are f wth rate could fall BELOW 7% if Govt does not get act together.

ity of rate cut in its monetary policy review on Jan 24 as it would be contradictory to anti-inflationary stance.

's rating for short term foreign currency bank deposits from speculative to investment garde. Revised rating will help country to attract overseas de evised rating and also on hopes of likely rate cut by RBI.

ar end Sensex target of 18000, marking a 14% return from current level. Contributing factors- Rate cut by RBI, reforms by Govt after sta

kh cr in the last fortnight of Dec also the qtr-ending period. The annula credit growth rate was within the RBI's target of 17% for the ye even as RBI sticks to its anti-inflationary stance of not reducing policy rates any time soon

te is likely to fall sharply to 6.5% this month and stay low until 2013 : credit Suisse
Nov-11 5.90% Nov-10 6.40%

6.60% 14.60% 13.10% 11.20% 14.80% -4.40% -4.60% 6.30%

6.50% 4.60% 0.70% 7.20% -4.40% 6.90% 25.70% 5.70%

tart rising again and food inflation may hit the 7% mark by March-April, it will be difficult for RBI to reduce policy rates before there are clear signs of e uction in fiscal deficit. Import growth for mth over previous mth 19.80% $37.8 bn

r mth over previous mth

r first three qtr of 2011-12

Import growth for first three qtr of 2011-12 $ bn 30.50% 350.9

Trade deficit for first three qtr 133.3

Dec-11 9.11%

A number of economists now see growth fall as bigger concern than the rate of price rise, but do not see RB cutting rates as yet.

o fall much further as they are already trading at a 15-20% discount to 10-year avg multiples- Gopal Agrawal, chief investment officer at Mirae Asset nt slowdown in China and further problems with bank funding in Europe are the only two factors that could lead to capitulation in Indian shares.

egative for 3 weeks in row.

on its way to touch $750 bn in current fiscal, accounting for 68% of the country's $1.1 trillion economy which is fast integrating with rest of the wo

5%. Sensex rose to 16995.77 Dec-10 6.30% 15.80% 8.30% 9.40% 3.80% 0.30% -2.20% 5% -0.20%

crease in the minimum road tax charged by states to a 6% of the sales price of vehicle at meeting of the National Transport Development council.

.5% in Jan, hits recovery hopes

Coal CIL Cairn

13.90 7.30

Pharma sun Pharm Cipla Dr Reddy

27.20 25.10 13.70

gn currency non-resident account.

or ways to make them more competitve and

ble to 150 paise per unit from 40 paise. RIL, JSW steel,

uring the global economic turmoil over the past med to improve between 2009-2010. now, however,

one debt crisis and a sharp dip in food

imates in the first seven mths itself.

2012 to 2.6% and 3.2% for 2013. rom 6% in 2011 to 3.8% in 2012. 3 due to lower economic growth.

wn from 1.7% and 1.6% in 2011 respectively.

s of an upbeat US jobs data and a

least prefered stock BOI, HCL tech, LIC housing

for 12 months ending on March 31,2012,

the euro zone can agree on how to

ere is nothing new that u can derive frm

BofA. Developing nations are among

nufacturing inflation still high.

the worst case scenario, loan rollover cost and put downward pressure

vest $35-40 mn every year for next four

n state run cos and help govt in it Rs 400 bn

bounce back from the sharp contraction

ord outflows of $15 bn as countries

drop following slowdown in consumption .5% in corresponding previous qtr.

t subsidy payments and faltering revenue growth.

erest rates, slowing domestic growth and policy next year remains bleak, although cheaper valuation

money from overseas to bridge current acc deficit.

and ACC, which own large captive power units in

tly show sharp drop in earnings growth

ce of clear policies. Fears of slowdown are fast

ing will help country to attract overseas deposits

te cut by RBI, reforms by Govt after state election.

within the RBI's target of 17% for the year, laying foundation

policy rates before there are clear signs of easing of

deficit for first three qtr

than the rate of price rise, but do not see RBI

, chief investment officer at Mirae Asset lead to capitulation in Indian shares.

hich is fast integrating with rest of the world

ional Transport Development council.

11/21/2011 Crude oil may fall this week, on speculation that the Seaway pipeline won't be enough to eliminate a gult in the US

11/22/2011 oil fell for a third day to its lowest price in New York on concern that Europe's debts crisis and slower Asian economic

11/24/2011 The BG group is keen to sell its 49.75% stake in Mumbai-based gas retailer Mahanagar Gas(MGL) giving an opportunit JP Morgan cuts crude oil forecasts for 2012. move follows economic uncertainity in Europe & US and signs of weaker price forecast for next year west texas intermediate $107 per barrel frm $110 Brent $112 per barrel frm $115

11/25/2011 Crude rise from 2-week low after a surprise drop in US stockpiles, and as an unexpected advance in German busine growth.

11/26/2011 Gujrat HC has issued notices to ONGC, cent govt and CVC on a PIL alleging multi-crore scam by top official of the oil P

crude oil futures head for second weekly decline. EU worries outweigh political tension in petroleum-producing West

11/28/2011 Gulf oil producers are expected to spend nearly $15 bn on the expansion of their ports within the next five years to m

11/29/2011 Petrol prices expected to fall more than Rs2 from Thursday. The price cut, second in two week, likely as benchmark Si 12/1/2011 Power and fertilize cos may pay Rs 3.4K cr extra for gas on Weak Re as govt has priced the domestic fuel in US dollar. 41 mmcmd from D6 due to falling Re. ONGC will gain Rs 1826 cr in full year on its 52 mmcmd of gas.

12/2/2011 Booming output of gas and now oil from shale has raised the tantalising prospect of US becoming self-sufficient in en unstable places.

12/3/2011 Crude oil rose, as tension between Iran and the west heightened speculation Middle east supply may be threatene

12/6/2011 India's oil refining capacity will rise by over 22% to 238 mn tonnes by 2013 after new refineries in Orissa and Punjab a

oil rises a second day on Iran Tension. Iran said crude will surge to more than $250 a barrel if the western nations t 12/7/2011 low inventory & Iran to keep oil prices high. 12/9/2011 Vedanta plans to double the crude oil output from from Cairn India's Rajasthan block and expand operations globally oil rose on speculation that the European central bank will announce measures to boost the regions economy.

12/10/2011 crude fell as investors speculate that Europe's debt crisis will weaken global economy and crub demand for commo

12/20/2011 the govt has ordered cuts in supply of gas to power plants as output from RIL operated block has slumped below 40 m of gas supplied to kitchen and automobiles as they will have to substitute the supply with imported LNG, which costs

12/24/2011 oil headed for biggest weakly gain in almost two months in New York after US economic reoprts indicated that gro 12/27/2011 Govt to regulate mkting charges on natural gas to protect domestic consumers

12/30/2011 State run oil cos may raise petrol prices by Rs 2.25 from jan 1 unless govt aks them to defer the move in view assemb oil drops on US stockpile gain, euro crisis. 12/31/2011 Prices of CNG will go up by Rs 1.75 per kg in Delhi 1/2/2012 Crude oil advances over Iran Tension

1/10/2012 oil fell to its lowest level in five days, erasing earlier gains before German and french leaders meet in an attempt to re

1/11/2012 Oil rose in New York for the first time in four day on growing concern that the dispute between Iran and western g

1/12/2012 Oil fell from near the highest settlement in almost a week amid concerns that a shrinking German economy may drag

1/13/2012 Despite an increasing price differential between CNG (Rs 31-32)- the cheapest and cleanest fuel-- and petrol(Rs 68-73 to pick up significantly due to inadequate infrastructure and lack of policy push by state govt. 1/14/2012 Foreign cos, PE players keen on buying BG's 65% stake in Gujarat gas Co. Morgan stanley downgarde industry view to cautious form attractive

1/17/2012 The US raised sanctions one notch higher end-December by passing a law that would ban any institutions that deal central bank process all oil payments, this measure will make it impossible for any country to buy oil from Iran. Ho The US is going slow on implementation of law-demanding however, that all buyers should progressively reduce th dependency on imported oil, huge petroleum subsidies and a widening trade deficit- if the tension were to escalat

Oil climbed from the lowest price in almost four weeks as Iran said that a disruption to crude supplies through stra

2/14/2012 The oilmin wants FinMin to waive withholding tax on Iran, as the high tax rate makes the newly agreed payment m

2/23/2012 The govt plans to further reduce gas supply to non-priority sector to meet demand of the fertilizer and power plan

Date RIL 11/21/2011 Gets clean chit for capex till FY08 in KG-D6. Refinig margins(singapore) to remain at $8-10/bbl. RIL's petchem in recent quarter got boost due to higher domestic demand growth. 11/23/2011 Govt rejects RIL's claims of six D6 finds as PSC requires operator of block to conduct costly conventional test to check the actual flow of gas while co opted for a modern tecnique using a

ONGC

modular dynamic tester' faster, cheaper but not reliable. 11/24/2011

11/29/2011 RIL has sent an arbitration notice to oilmin over the move to disallow some expenditure the firm has made in KG-D6 gas field as punishment for falling output. PSC allows the operator to recover 100% of their exploration and production costs and do not link cost-recovery to output. The oilmin wants to disallow expenditure incurred in constructing production facilities at the D1 & D3 gas fields in 11/30/2011 co plans to raise more than $ 1 bn by selling bonds to foreign investors to fund shale gas ventures in US and investments at its refinary at Jamnagar. Co intends to raise raise funds in the 2.25%-2.50% 12/1/2011 Co not to make fresh investment in D6 pending arbitration. 12/2/2011 Co has sought the intervention of PM and fin minister in obtaining approvals for investments in the D6 oil and gas block off the andhra pradesh coast within this calender year. 12/5/2011 Co and Oil min clash over pricing of CBM. Govt wants co to negotiate price with buyers picked by it. 12/6/2011 Co plans to offer 4G on tablets by next yr. plans to launch its tablets @ Rs 3500 and bundle it with data offering as low as 1GB at Rs 10. 12/7/2011 12/10/2011 A parliamentary pannel has asked the oil min to qtfy lossess to exchequre in RIL operated KG-D6 block. UPA prefers a body other than CAG to estimate losses. RIL argues that penalising it for falling output is in complete violation of PSC 12/22/2011 co has joined hands with Bill Gates, Vinod Khosla and Nathan Myrvhold, to fund the development of a nuclear reactor with the potential to revolutionise the task of generating electricity from atoms.

Videocon Industries and BPCL said the natural gas discovery they made off Mozambique may hold 15-13 trillion cubic feet of in-place reserves which they may ship to India in the form of LNG.

12/26/2011 Oilmin plans to impose cost limits on development of new KG field and has deffered its decision on the critical issue of allowing the company fully recover previous cost. Co says cost increase is not in its hands. 12/27/2011 Co's $1.529 bn investment plan for KG-D6 may get Govt nod. 12/29/2011 Co in talks with American defence giant Raytheon to create a joint venture that will pursue opportunities in homeland security in India This JV will give co access to high-end security products and easier access to fastest growing mkts for homeland security solution Oilmin refers cos mkting margin issue to empowered group of ministers 12/31/2011 worries over troubles in gas production and falling refining margins dragged shares to a 33-month low. 1/3/2012 Clean chit to RIL in Bahamas export case BP Chief Dudley writes to oilmin seeking immediate approval so that blocks potential can be fully exploited Says one year would be lost if approvals are delayed 1/4/2012 RIL to sell partial stake in Eenadu to Network 18 group, which will fund the purchase through a right issue to be funded largely by an investment from an independent trust set up by RIL 1/5/2012 Co and Apollo Global Management are among cos in talks to buy E1 Paso's oil and gas exploration and production unit. Co's $1.5 bn KG-D6 project gets Govt's In-principle approval.( ref 27/12/2011 and BP's request on 3/1/2012) 1/6/2012 Co plans to produce natural gas from discoveries off the country's west coast in four years in a move that may boost its output of fuel by 13%. The reservoir in Arabian Sea may hold more than 100bn cubic mtrs of gas or abt half the size of India's largest deposit. Co has discovered abt 4 trn cubic ft of gas reserves off the daman coast, which can produce 7 mn cubic mtrs a day of gas in four years. co to invest $2.9 bn in UD-1 gas discovery by 2016-17 co belives that UD-1 can produce 20 mmcmd per day for 14-15 years

1/7/2012 Co's broadband service to offer exclusive content & sepctacular speed at dirt-cheap rates. 1/11/2012

Cos UD-1 gas find in KG basin is economically viable at prevailing mkt price of $4.2 per unit. Co is considering a purchase of Cove energy, which has assets in East Africa. Bids may exceed $1.2 bn. Indian cos are looking across the world for oil and gas deposits to secure supplies as demand grows at home

1/13/2012

1/14/2012 Morgan Stanley has downgraded co to 'underweight' from 'equal weight', saying it expects the energy major's gross refining margins, exploration and production volume to fall. The bank cut its price target from Rs 921 to Rs 650. 1/16/2012 The Maha govt has admitted in Bom HC that it has no information about where and how many CCTV cameras have been installed in Mumbai and the suburbs. It has exposed the slow pace of installation of CCTV system in the city. DGH has told the Govt it cannot stop co from recovering costs incurred in the D6 block because it does not have power to initiate the enabling resolution in the management committee for the block. Oilmin's tech arm is still firm on penalising RIL for fall in gas output due to inadequate drilling. Adani group has offered to buy gas from co's coal-bed methane blocks for its city gas distribution projects at a price significantly higher than the price of exisiting domestic gas, but deal can be clinched only after the oil min approves the price. 1/17/2012 Govt palns to cap the prices of crude oil sold by ONGC and oil India to state refiners at $54/barrel this FY despite an avg mkt price of 5110/barrel to help them sell diesel, kerosene & cooking gas below mkt rates. The plan could derail cos investment plan.

1/20/2012 cos dec 11 qtr nos are likely to be dismal, following a pressure on refining and petrochemical margins and weakness in KG basin gas volume. This will be its first time in past two qtrs to show a fall in profit. 1/21/2012 Cos net slumps 13.6% on poor marginns. Co announces Rs 12000 cr buyback of shares at upper band of Rs 870/sh

1/26/2012 govt has ammended KG-D6 contract to formally induct BP as 30% partner in India's biggest gas field operated by RIL 2/14/2012 Co and BP plan to submit a new field development plan for entire D6 block by june to raise output and cut cost, hoping to turn page on its uneasy relationship with oilmin. 2/20/2012 Co to get notice on falling gas output from its D-6 fields in KG basin Overseas investors including sovereign funds from Abu Dhabi and Kuwait, have assured the govt they would buy up proposed 5% stake sale in co. govt to pocket Rs12 cr as funds form London, Mid-East & Singapore 'underwrite' stake sale. Co and GAIL are considering making a Joint bid for London-based Cove Energy. Cove has assets in east Africa and a market value of $1.2 bn.

2/22/2012

2/23/2012

2/24/2012 co looks to raise $500 mn via foreign bond sales.

line won't be enough to eliminate a gult in the US Midwest

at Europe's debts crisis and slower Asian economic growth will curtail fuel demand. retailer Mahanagar Gas(MGL) giving an opportunity to expand their presence in the Indian gas mkt.

ic uncertainity in Europe & US and signs of weaker China growth and increased Libyan oil supplies.

, and as an unexpected advance in German business confidence countered concern that Europe's debt crisis will threaten

alleging multi-crore scam by top official of the oil PSU. The PIL was filed by two senior officer of ONGC.

eigh political tension in petroleum-producing West Asian nations.

ansion of their ports within the next five years to meet growing business and the bulk of the investment will be in UAE.

ice cut, second in two week, likely as benchmark Singapore gasoline margins fall.

e as govt has priced the domestic fuel in US dollar. RIL, on annualised basis, will gain Rs 1584 cr on reduced output of full year on its 52 mmcmd of gas.

lising prospect of US becoming self-sufficient in energy, even big exporter ending its dependence on imports from

speculation Middle east supply may be threatened.

by 2013 after new refineries in Orissa and Punjab are commissioned.

o more than $250 a barrel if the western nations threaten to ban its exports.

a's Rajasthan block and expand operations globally to boost India's energy security.

unce measures to boost the regions economy.

aken global economy and crub demand for commodities.

ut from RIL operated block has slumped below 40 mmscmd. Due to this cut, city gas distributors are planning to raise prices bstitute the supply with imported LNG, which costs four times the local gas.

York after US economic reoprts indicated that growth in world's biggest crude consumer will accelerate.

ss govt aks them to defer the move in view assembly elections.

erman and french leaders meet in an attempt to revive growth in euro region

cern that the dispute between Iran and western govt may lead to disruption in Middle East crude exports.

ncerns that a shrinking German economy may drag Europe into recession, reducing demand. Crude fell as much as 1%.

he cheapest and cleanest fuel-- and petrol(Rs 68-73) and diesel(Rs 41-45) demand for CNG operated vehicle has failed f policy push by state govt.

ng a law that would ban any institutions that deal with Iran's central bank to do biz with US financial system. Since Iran's mpossible for any country to buy oil from Iran. However, as the buyers of Iranian crude oil include EU, India, China and japan, ver, that all buyers should progressively reduce their imports. India could end up paying high price- with its heavy dening trade deficit- if the tension were to escalate.

id that a disruption to crude supplies through strait of Hormuz would cause a shock to mkts that "no country" could manage. high tax rate makes the newly agreed payment mechanism unviable.

r to meet demand of the fertilizer and power plants that are suffering because output from RIL's D6 field has fallen sharply

IOC

GAIL

sign agreement with BP to consider setting up a 1-mn tonne per-yr acetic plant and related gassification facilities in west India. Commence in 2015.

eocon Industries and BPCL said the natural gas covery they made off Mozambique may hold 13 trillion cubic feet of in-place reserves which y may ship to India in the form of LNG.

co gets $100 mn loan from bank of To Mitsubishi.

to invest $2.9 bn in UD-1 gas discovery by 2016-17 belives that UD-1 can produce 20 mmcmd per day

plans to produce natural gas from discoveries the country's west coast in four years in a move t may boost its output of fuel by 13%. The ervoir in Arabian Sea may hold more than 100bn bic mtrs of gas or abt half the size of India's

has discovered abt 4 trn cubic ft of gas reserves the daman coast, which can produce 7 mn bic mtrs a day of gas in four years.

s UD-1 gas find in KG basin is economically ble at prevailing mkt price of $4.2 per unit.

is considering a purchase of Cove energy, which assets in East Africa. Bids may exceed $1.2 bn. ian cos are looking across the world for oil and deposits to secure supplies as demand grows at

vt palns to cap the prices of crude oil sold by GC and oil India to state refiners at $54/barrel s FY despite an avg mkt price of 5110/barrel to p them sell diesel, kerosene & cooking gas below t rates. The plan could derail cos investment

Regulator may fix cos mkting margin is not comfortable with the idea.

erseas investors including sovereign funds from u Dhabi and Kuwait, have assured the govt they ould buy up proposed 5% stake sale in co. govt to cket Rs12 cr as funds form London, Mid-East & gapore 'underwrite' stake sale.

and GAIL are considering making a Joint bid for ndon-based Cove Energy. Cove has assets in east ica and a market value of $1.2 bn.

ndia, China and japan,

ountry" could manage.

d has fallen sharply

Adani

co gets $100 mn loan from bank of Tokyo-

Group and state run oil cos have signed confidentiality agreements to bid for BG group's controlling stake in India's biggest pvt-sector city gas distribution venture.

Regulator may fix cos mkting margin. Co is not comfortable with the idea.

After many run-ins with regulators, authorities and environmentalists, co has hired a brand consultancy firm to improve its image.

11/22/2011 Govt delay and reduced investment apetite among Indian corporates are likely to hit domestic IT. Gopalkrishnan Co-Chairman of Infy- if situation in EU or US deteriorates further, it could hit domestic IT sector

11/22/2011 Research firm Gartner- growth global IT spend to slow down in 2012 because of economic uncertanities in developed 5.9% this year. Indian IT firms will have to take hit on either revenues or margins in coming y from EU from us Indian IT firms revenue 20-30% over 50% banking and financial service sector likely to be largest contributor for Indian IT sector Europe japan inc/dec in expected IT spending -0.4% -0.8% worldwide IT spend to reach $ 3.7 trillion in 2011, of which the emerging econmies will acco

11/24/2011 India's top four IT cos TCS, Infosys, Cognizant, Wipro and HCL tech- have together hedged close to $5 bn in hedges mo Goldman Sachs, amongst the large tech cos who benefit most, as it hedged lesser.

The Florida based Cypress property & Casualty Insurance Co is setting up an IT firm to offer claims processing softwar reduce the waiting time for customer and the unit cost of the policy.

IMImobile, mobile data technology co, is expanding its Africa operations by chasing outsourcing contracts with teleco major presence in dark continent.

11/30/2011 FinMin wants to cut bank's IT spend, make them operate on uniform platform. A single entity will procure software-re forced to reduce prices due to bulk order. It will lead to huge rate war among IT firms since they may bid aggresively. resources to bid. 12/1/2011 Nasscom- forecasted 16-18% growth for industry this year.

12/20/2011 IT consultancy co Coeus Age- Indian IT mkt is expected to grow at lower rate of 13.4% to touch a size of abt Rs 13037

1/10/2012 Some outsourcing customers are asking software cos to bid for low-end back-office and application development p large cos like TCS and Infosys etc.

1/18/2012 Indian IT vendors may see a windfall orders worth $10 bn from project renewals in 2012. -Vineet Nayar, CEO, HCL T

Date Infosys 12/1/2011 Clients are asking for slower start and deployment time on work that has already been awarded. mkt hasn't hit rock bottom yet and things may get better any time soon. Cos view cautious and not worse. 12/6/2011 12/20/2011

TCS

co plans Rs 600 cr software unit in NGP. It'll create jobs for over 8200 professinals. co is no more pursuing acquisition of Lufthansa's IT arm actively anymore on concerns of profitability and hassles of reaching an agreement with airline's labour union.

12/27/2011

1/3/2012

1/13/2012 Co cut its outlook for revenue citing the debt troubles in Europe. Co expects to grow dollar revenue by 16.4% for FY 12 much lower than its prediction of 19.1%. EPS growth estimated at 14.5% compared to earlier forecast of 16.8% jump 2/14/2012

co bags deal from Danish Telco TDC. The multi year contract is likely to be worth over $100 mn.

kely to hit domestic IT. rther, it could hit domestic IT sector

use of economic uncertanities in developed market. IT spend likely to increase by modest 3.8% in 2012 compared to on either revenues or margins in coming year if they have to increse market share.

rgest contributor for Indian IT sector India 9.1% of which the emerging econmies will account for $1.013 trillion.

gether hedged close to $5 bn in hedges mostly around Rs 45-49 to a dollar. HCL tech remains favourite pick of

n IT firm to offer claims processing software to insurers on a pay-per-use model. The software will significantly

y chasing outsourcing contracts with telecos like Bharti Airtel, Millicom International, MTM and Ecotel who have

orm. A single entity will procure software-related products on behalf of 25 state-run banks. Vendors will be ng IT firms since they may bid aggresively. It may crowd out the small to medium size cos who may not have

te of 13.4% to touch a size of abt Rs 130376 cr in 2012. In 2011 the growth was abt approx 14.5%

back-office and application development projects through reverse auctions adding to competitive pressure for

newals in 2012. -Vineet Nayar, CEO, HCL Tech.

HCL

Wipro

0 cr software unit in NGP. for over 8200 professinals.

pursuing acquisition of arm actively anymore on ofitability and hassles of reement with airline's Co replaces its executive Martha Helena Bejar with Pinaki Kar who will now lead its US subsy Infocrossing.

om Danish Telco TDC. The tract is likely to be worth

Aditi tech(software product & app development service provider) Co Acquired seattle-based cloud computing start-up Cumulux. Co expect 50% of future revenue from cloud computing

Cognizant co inked a muti-year agreement with co AstraZeneca to deliver comprehen and medical reporting services for ge study report.

MphasiS co inked a muti-year agreement with pharmaceautical co AstraZeneca to deliver comprehensive biostatistics and medical reporting services for generating clinical study report. SELL' rating by brokerages. Slump in Hewlett Packard biz, higher tax rate to hit growth.

Mahi Satyam

Slump in Hewlett Packard co & Tech Mahi are close to appointing merchant bankers and accounting firms to value two biz for eventual merger. After merger M&M group's tech biz to become 6th biggest software exporter.

11/22/2011 rising bad loans spark downgrade fears: foreign institutions among major short-sellers Analyst expecting further weakness in SBI and ICICI share. Bank nifty has seen significant build-up of short-positi Events causing stress in banking sector- currency depriciation, high govt borrowing exp, rising bond yieldsand re Bank nifty fell to 8554 on Monday and could further fall to 8100.

public sector banks have opposed to trim the size of top mgmt which they fear would force them to sacrifice the

12/1/2011 Banks report slower loan growth, fall in deposite mop-up. banks have managed to grow its loan book by lending to sectors like like NBFC. While loans to Agriculture slowe

12/7/2011 large no of cos approaching banks for restructuring of debt totaling about Rs 28890 cr in july-sep 2011.(PNB, ICIC 12/9/2011 Equifax launches 'Risk score' to predict defaulters. 11/10/2011 Govt asks public sector banks to conserve capital through cost-cutting while sticking to loan growth targets.

12/22/2011 RBI allows banks to borrow more funds frm marginal standing facility or MSF which will help them reduce cost. B 12/23/2011 cos may find it difficult to repay loans due rising input cost putting pressure on their margins- RBI's financial s

Revised securitisation law awaitng parliamentry snaction- banks will be allowed to take property seized from de

12/26/2011 RBI likely to go for rate cut in Q2 of 2012 as inflation is likely to moderate and to counter fall in growth.- Nomura 12/27/2011 Banks can't charge fees from customers closing their accounts- RBI

India's money mkt rates hit three year high amid a worsening cash crunch, fuelling hopes that RBI will cut reserv

12/28/2011 Banks pull out Rs 30k cr over past one month to pay adv tax, meet capital adequacy norms and fall in line with R

Banks are offering 9% or more for one year non resident external or NRE deposit A/c almost comparable to that

Govt has quadrupled the limits on loans that banks can approve to Rs 400 cr, a move that may quicken credit cle

regulator of commodity future mkt forward mkt commission(FMC) will shortly meet top finmin officials for allow cannot participate in futures mkt.

12/31/2011 Indian banks will have to raise equity, conserve capital and build reserves over the next five years to stay in busi Plan by RBI.

12/2/2012 Captial infusion in PSU banks to be finalise soon. Move will benefit SBI, BOB,Union bank of India, IDBI, Syndicate

12/6/2012 The finmin is likely to infuse Rs 17000 cr into PSU banks in current FY to help them meet their capital requirem 1/11/2012 loans of over Rs 50000 cr to be restructured, it may cast shadow on banks performance of Q3

1/13/2012 NRI deposits touch record $1.7 bn in Nov. inflows soar ever since Re started depreciating and banks began offer

1/14/2012 RBI's proposed guidelines for implementing Basel-III norms may negatively affect credit growth of few Indian Standard & Poors.

Date 11/21/2011 Qtr ended sep

ICICI 22% inc in NP NPA 0.90% frm 0.91% in last qtr

HDFC bank 31% inc in NP NPA 0.20% frm 0.18% in last qtr

11/22/2011

11/24/2011

11/28/2011

Co has launched Mobile bank accounts in association with Vodafone m-paisa. first-of -its-kind national initiative.

12/5/2011

12/7/2011

12/8/2011

12/9/2011 12/23/2011 12/27/2011 12/30/2011

1/4/2012

1/12/2012

1/14/2012

ICICIC bank repays $750 mn bonds instead of taking the usual refinance route. Bank refuses to pay 50% more in coupon for refinance, will wait for interest rates to ease abroad. Q3 net up 31%, beats forecast. Higher fee

1/20/2012

income, drop in provisions help the bank post Rs 1430 cr profit. Net interest income from its core banking operations rose about 12% to Rs 3120 cr. NIM was stable at 4.1% in qtr. While NPA were unchanged at 0.2% 1/25/2012

1/31/2012

nt build-up of short-position in last four to five days. p, rising bond yieldsand resultant tight liquidity.

force them to sacrifice the quality of supervisory control amid concerns over bad loan.

loans to Agriculture slowed sharply. in july-sep 2011.(PNB, ICICI, IDBI)

o loan growth targets.

ll help them reduce cost. Banks can borrow funds upto 1% below SLR limits twice under the MSF. margins- RBI's financial stability report.

e property seized from defaulting borrowers onto their own books thus reducing their NPA loans.

ter fall in growth.- Nomura.

pes that RBI will cut reserve requirements for the first time since 2009

orms and fall in line with RBI's directive to lower investment in debt funds.

almost comparable to that offered on local deposite.

hat may quicken credit clearance at 26 state-run banks.

op finmin officials for allowing banks to hedge their risk on commodity exchange. Currently banks

xt five years to stay in business and fortify themselves against stress and turbulace in financial mkts-

nk of India, IDBI, Syndicate Bank.

meet their capital requirements and enhancing lending operation.

ing and banks began offering attractive interest rates.

edit growth of few Indian banks though it will strengthen their capitalisation and credit profiles

HDFC

SBI 12% decline in NP amid a steep rise in bad loan NPA inc to 2.04% frm 1.61% in last qtr

SBI has decided to waive pre-payment

penalty on home loan linked to floating and fixed rates and for old and new customer. SBI has O/S home loan portfolio of Rs. 86769 cr at the end of march 2011 which comprises 13% of its loan book.

e bank accounts dafone m-paisa. al initiative.

co expects home loan disbursal to grow 20% this year, down frm abt 25% last year.

banks loan disbursal falls as home sales plummet.

Bank to gain Rs 242 cr frm Wockhardt's FCCB deal as wockhardt defaulted on its FCCB repayments & court ordered it to repay to bondholders Bank has slashed processing fee on home loans by half, a move aimed at garnering a large pie of home loan mkt. banks processing fee is lowest of all.

forecast. Higher fee

ions help the bank Net interest income operations rose about M was stable at 4.1% e unchanged at 0.2% Bank will provide car loan to those with an annual income of more than Rs 2.5 lakh p.a. against 1lakh p.a. earlier. FinMin has sanctioned Rs 7900 cr to bank which increased banks issued capital by preferential allotment of equity shares.

Axis

PNB

bank aims to cash in on rising demand from smaller cities, bank aims to increse its share of retail loan to 30% from 21%

IFCI Govt may turn IFCI debt into equity, make it PSU. At current valuation, the debt will get govt 23% equity stake in co.

IDFC

may increase forex loan size to 13% from 8% now. looking to raise Rs 5000 cr through 10-yr tax saving secured bond. AAA rated offers 9% annualised return.

Kotak Mahindra bank

IndusInd

Kotak sells 11% in Ace Exchange. Promoters bring down holding to 40% to comply with regulatory norms. Bank is hopeful of a 25-30% growth in advances in current FY. Bank posted 29% inc in size of loan book in sep qtr.

Standard chartered

Bartclays India

-30% growth in advances sted 29% inc in size of loan Bank has agreed to buy more than half of Barclays Indian credit card portfolio at discount to its book value. It'll buy 170000 credit card a/c for an estimated amt of Rs 180cr. It expects growth of 30-35% in new credit customer this year. bank buys credit card portfolio of Barclays of abt Rs 175cr. bank expects pretax profits to rise by 10%. bank freezes is retail business in India.

YES

Bank of Baroda

es is retail business in India. bank offers 7% on savings to customers having bal of over Rs 1lakh. Below 6%. Govt to infuse Rs 775 cr in BOB to increase its stake to 58%

use Rs 775 cr in BOB to increase

11/22/2011 India has pledged to spend $1 trillion on upgrading its creaking power plants, railways and ports in the five years to 20 Private cash has been pencilled in for half of that.

12/5/2011 The country's largest PE fund, ICICI Venture, will stay away from greenfield infra projects due to long delays and road

FM to review work on infa firms, including those in power sector, which are being delayed due to regulatory clearanc 12/8/2011 Housing fin regulator National Housing bank(NHB) will raise about Rs 4500 cr this fiscal to fund housing activities.

1/9/2012 Infro co's Dec qtr earnings are likely to be under pressure as high intt rates, decline in new orders and regulatory d 1/30/2012 Debt- flushed infra cos in deep trouble. Investors fear wipeout after stock crash.

2/21/2012 Infra cos that build and manage projects on behalf of the state may have to take hit on their bottomlines as costs m develop project.

Date DLF 11/22/2011

Rel Infra

11/25/2011

12/1/2011

12/5/2011

Choked at home co looks for projects overseas Evaluates projects iin vietnam, Turkey, Oman and Nepal to build a $1.5 bn portfolio in 2 yr. co eyes projects that offer 18-20% returns. around 60 projects by NHAI worth Rs 40k cr are yet to be cleared by planning commission.

12/8/2011 co is planning to invest Rs 2500 cr over next five years to develop malls across the country. 12/10/2011 12/21/2011

1/3/2012

1/6/2012

1/9/2012

1/28/2012 co palns to outsource construction biz to specialists such as L&T & Shapoorji Pallonji

and focus on realty development.

nts, railways and ports in the five years to 2017 to deal with a key bottelneck to continued growth.

ld infra projects due to long delays and roadblocks caused by multiple govt clearances.

are being delayed due to regulatory clearances.

0 cr this fiscal to fund housing activities.

tes, decline in new orders and regulatory delays in approval of projects weigh heavily on their performance.

e to take hit on their bottomlines as costs may increase after finmin decided to slap service tax on them for right to

L&T Co aims to grow overseas revenue to beat slowdown in Indian market. Target revenue frm overseas mkt 15-20% compared to 10-12% of last yr. co is set to raise Rs 1000 cr in current FY through its infa bond offering 9% coupon. co is also looking at other sources of funding like external commercial borrowing.

NHAI

These four infra firms to raise Rs 28000 cr via bond. Tax free but experts feel difficult to raise amt from retail investor. CBD The tax free bonds are likely to offer pre tax returns as high a

or projects overseas

AI worth Rs 40k cr are

co fears that Navi Mumbai Airport project cost may rise by Rs5000 cr due to new land acquisition bill. The project cost has already increased by 15% since announced in 2009. project is already delayed due to late regulatory enviornmental clearences. Beside L&T Tatas and Rel may also take hit as they are also involved in it. co has bagged new orders worth Rs2056 cr across various segments in 3rd qtr of 2011-12. IRB infra plans to seek compensation of around Rs 60-70 cr frm co for terminating the contract for a Goa road project after co could not acquire land for it.

Power fin corp

Housing and Urban Deve corp

a firms to raise Rs 28000 cr via bond. Tax free bonds expected this month. No cap on max investment. el difficult to raise amt from retail investor. CBDT has permitted these cos to raise 30000 cr through tax free bonds. nds are likely to offer pre tax returns as high as 12% which makes them attractive.

to seek compensation of 70 cr frm co for terminating r a Goa road project after

Indian Railways Finance corp

Essar Infra

Co bags Rs 2500 cr deals from NHAI to upgrade two national highways in UP and Bihar. Co plans t invest over Rs 10k cr in next 2-3yr yo increase its presence in highway sector.

GMR Infra

bags Rs 2500 cr deals from NHAI to upgrade o national highways in UP and Bihar. Co plans to est over Rs 10k cr in next 2-3yr yo increase its sence in highway sector.

Co can't collect airport development fee at Maldives Male international airport.

Rejecting co led Delhi airport's proposal for seven fold increase in airport charges, sector regulator AERA has suggested only a three-fold rise in these tarrifs causing disapponitment to loss making co. Co gets nod to collect airport development fee in maldives. Co has been allowed to charge $25 per passenger and $2 as insurance charge

11/21/2011 sector plagued by intense price war and depreciation in rupee

11/23/2011 DoT rejects Trai plan for easier M&A in Telecom but accepted the regulator's proposal to impose one time fee on in force operators to shell out Rs 17513 cr. A DoT panel has also suggested that cos share 8% of their annual revenues 11/30/2011 The telecom min favours liberal M&A norms to encourage consolidation in the 14-player mkt. 12/8/2011 Govt to look into Teleco's concerns: PM. The govt will formulate policies to sustain growth in sector.

12/9/2011 DoT plans to ask Telecos to pay up higher revenue share in regions where operators have entered into 3G roaming pa spectrum fee annualy.if the proposla for higher revenue share is implemented cos will have to pay Rs 700 cr extra.

12/23/2011 The telemin has asked service providers to discontinue their 3G roaming agreements and is also contemplating imp telecom licenses. 1/2/2012 New Telecos to be charged for spectrum over 4.4 MHz. move that will provide huge advantage to old GSM operators

1/14/2012 TDSAT set aside all penalties imposed by the Govt on new Telecom operators for delay in meeting rollout obligatio the tribunal further directed the Govt to refund the amt collected from operators with 12% interest. Penalties have Videocon, Loop, Aircel and Uninor. 1/31/2012 Telecom Deptt has soyght Sibal,s approval to recover Rs 823.31 cr from five telecom cos for allegedly understating 2007-08

2/18/2012 DoT has told prime minister that it will take over 13 months to complete the 2G spectrum auctions against the Suprem

2/20/2012 The govt plans to allow cos to bid without an Indian partner, or as 100% foreign entities, in upcoming sale of 2G airwa

2/24/2012 the telecom dept's plan to impose a one-time charge on a prospective basis on telcos holding 2G airwaves in exces industry lobby representing the telecos.

2/29/2012 Bharti Airtel and Vodafone India suggest the TRAI deregulate mobile tariffs or continue with its policy to allow telecom may prove to be catastrophic for very sustenance of the industry.

Date Bharti air 11/21/2011 won 3G spectrum in 13 circles. 11/29/2011 co renewed its contract for 5 yr with Swedish gear maker Ericsson to manage and maintain its mobile network in 15 circles. 12/9/2011 Co signed two yr pact with samsung which gives co exclusive distrbn rights in 17 African countries for select Samsung products. 12/10/2011

Rel comm

12/20/2011 telecom min may issue demand notices os Rs 55.67 lakh to cos for violating the licence agreement by registering new subscribers without proper verification in Delhi service area. 12/24/2011 FCCB payout may put pressure on co FOR tower sale. Co confident to repay through it's cash flows, but analyst feel that it will not be sufficient. 12/29/2011 1/3/2012 Goldman Sachs reduced cos EPS estimate for 2011-12, 2012-13 and 2013-14 by 7.6%, 8% and 9.3%

1/4/2012 TRAI will raise demand from five telcom cos for under-reporting revenue for AY 2006 to 2008, as per special audit r Rs 292 cr Rs 550 cr 1/9/2012

1/16/2012 Co outsourced Ad inventory to Mogae. Mogae media will sell all possible advertising space on mobile , DTH and broadband services and in turn generate additional revenue for co. 1/20/2012 IT dept serves Rs 1067 cr tax notice to Bharti. Dept alleges telco has not paid TDS dues related to its overseas operations for past 4 years 1/21/2012

1/22/2012

ator's proposal to impose one time fee on incumbent GSM operators for their excess spectrum, a move that will d that cos share 8% of their annual revenues with govt.

n the 14-player mkt.

to sustain growth in sector.

e operators have entered into 3G roaming pact with each other. Currently Indian telcos jointly pay Rs4500 cr towards ented cos will have to pay Rs 700 cr extra.

g agreements and is also contemplating imposing penalty on them as min is of view that such agreements violates

ovide huge advantage to old GSM operators and impact valuation of new entrants in telecom sector.

rators for delay in meeting rollout obligations of services saying DoT did not follow "principals of natural justice". operators with 12% interest. Penalties have been imposed on new telecom operators, including Etisalat DB,

five telecom cos for allegedly understating revenues and hence paying lower revenue share during 2006-07 and

the 2G spectrum auctions against the Supreme Court order that the 122 revoked licences be reassigned in four mths.

oreign entities, in upcoming sale of 2G airwaves, following cancellation of 122 mobile phone permits by SC.

basis on telcos holding 2G airwaves in excess of 6.2 MHz would result in Rs 20000 cr loss to the exchequer, warned the

fs or continue with its policy to allow telecom operators to fix calling rates. As regulatory intervention of any kind

TATA commu

Idea cellular

sure on co FOR tower through it's cash flows,

3-14 by 7.6%, 8% and 9.3%

e for AY 2006 to 2008, as per special audit report. The amt of demand Rs 393 cr

Rs 113 cr

Etisalat DB

Loop telecom

Telecom tribunal TDSAT has directed DoT not to encash or seek renewal of performance bank guarantees b and Etisalat DB

TDSAT has asked co to renew only 25% of its financial bank guarantee submitted by the operator to govt at the time of allotment of spectrum. However it directed loop to renew its entire bank guarantee of Rs 580cr for pan India license within a week.

Tulip Telecom

ek renewal of performance bank guarantees by Loop telecom

co will invest over Rs 2100 cr over next two yrs to expand in more cities. Co expects enterprise communication to account for 25% of its revenue in 2 yrs.

Qualcomm offers TDSAT to clear the dues of its partner Tulip and requested that the telecom min be asked to issue license to it for BWA spectrum

Vodafone India

cr over next two yrs to

t for 25% of its revenue co needs to invest more in optic fibre and data ready network operations to be future ready.

o clear the dues of its d that the telecom min o it for BWA spectrum Rs 245 cr

the supreme court has ruled that co need not pay tax of 11000 cr on its purchase of Indian unit of Hutchison whampoa as the transaction took place between two overseas firms. co seek refund of withholding tax paid by it.

11/21/2011 Peugeot Citroen, Europe's second-biggest car-maker, will develop alternative energy vehicles to meet increasing

11/26/2011 Japanese car majors Toyota Kirloskar and honda Siel are looking for alternate component sources as a flood crisis their facilities in India.

11/29/2011 Carmakers plan to increase prices by upto Rs 10000 for small cars and upto Rs 25000 for sedans to offset the imp

12/1/2011 Ambiguity over diesel pricing and possibility of additional duty on Diesel Cars have forced several carmakers, inclu in fastest growing segment for India's automobile industry i.e. diesel cars.

12/3/2011 New car models fail to attract customers due to steep rise in fuel prices and high interest rates. Carmakers offer a

12/9/2011 The society of Indian Automobile manufacturers(SIAM) may cut its annual domestic passenger-car sales target as India and Honda Motor Vehicles. India's local car sales rose 7% from a year earlier to 171131 vehicles in nov, SIAM 4% next mth.

german car maker Volkswagen aims to source more parts from India for its global operation, and also hopes to tr tough competition to Maruti Suzuki and Hyundai India. 1/7/2012 Carmakers see sluggish growth during first few mths of this year due high inflation and rising intt rate, though 1/9/2012 German Auto component maker Continental will invest over Rs 800 cr in India over next two years to strengthen 1/16/2012 Car cos skip price hike on dipping demand . No customary price hike by cos this Jan as constant fall in demand

1/28/2012 A weaker Re has boosted the fortunes of Indian car makers with some big ticket export orders coming their wa

Date Tata mot 11/30/2011

Bajaj Auto

12/2/2011

growth in sales 81% jump in passenger vehicles

1/3/2011

25% increase in its motorcycle sales. 42% inc in export during nov over last nov. 24% growth in commercial vehicle sales. co in talks with Nissan to develop a lowpriced small car

12/6/2011 12/7/2011 12/23/2011 12/27/2011 co asks 1.40 lakh Nano owners to bring back their cars to replace old motor with new one. It'll cost co Rs 110 crore. 12/28/2011

12/31/2011

1/2/2012 cos sales(including exports) of comercial and passenger vehicle in dec increased 22% 1/4/2012 1/5/2012 Co launches 4-wheeler 'Auto'

1/6/2012

1/7/2012 Derivative traders have created bullish bets on Tata motor's stock futures contract on hopes that robust performance of its UK subsy JLR will help co perform better than its local peers 1/9/2012

1/14/2012

1/18/2012

1/20/2012

NP growth 19% for oct-dec. operating profit margin growth 21% due to better sales of motorcycle in overseas mkt.

2/14/2012

2/24/2012

ative energy vehicles to meet increasing demand for cars that pollute less.

nate component sources as a flood crisis in Thailand, a key component supplier in Asia has hit supplies and disrupted

to Rs 25000 for sedans to offset the impact of weakening rupee on imoprt costs despite the recent slump in sales.

Cars have forced several carmakers, including mkt leader Maruti Suzuki, to go slow or even abandon their plans

nd high interest rates. Carmakers offer attractive discounts, other sales incentives to lure customers.

al domestic passenger-car sales target as higher borrowing costs and fuel prices sap demand for Maruti Suzuki ar earlier to 171131 vehicles in nov, SIAM may mau cut its forecast, which calls for sales growth between 2% and

ts global operation, and also hopes to triple the annual component sourcing out of India. Co will provide

gh inflation and rising intt rate, though they expect improved mkt condn in second half.

India over next two years to strengthen its operation here

cos this Jan as constant fall in demand over the past few months force a strategy rethink.

big ticket export orders coming their way.

Honda Japanese co is working to launch more fuel efficient two-wheelers in India. Co is also developing a 125cc scooter to be intoroduced in India.

Maruti Suzuki

Car sales continued to slide for the fifth month in Nov, largely because mkt leader Maruti Suzuki struggled to meet rising demand for its diesel models but other manufacturers reported impressive growth. increase in intt rate and petrolprices hit demand -18.5% i.e. reduction in sales however co is expected to to see its supply of Diesel engine improve frm abt 20k units p.m. to 25k p.m. co has recd bookings for nearly 100000 swifts.

co plans to take CKD route to ramp up exports. CKD attracts lower taxes. co expects US sales to jump 23% next yr.

co scraps 1000 cars in Thailand to reassure customers that no vehicles damaged in countyr's recent flood crisis will ever be sold.

Co launcehs its much awaited motor-

Co plans to launch at least 4 new models this year

cycle Dream Yuga

and aims to regain lost mkt share that dipped below 40% this fiscal.

Co is planning to set up an integrated logistics hub near Kolkata at an estimated investment of close to Rs 200 cr. Co is eyeing some 60 acre of land near Panagarh for project. Proposal is not yet submitted to West bengal Govt. Auto major Maruti Suzuki and GM India have incresed the prices of various modles by upto Rs 17000 to offset rising input costs and the impact of currency fluctuation. Maruti Suzuki share rose 10.5% Fiat inks pact with co to supply 100000 diesel engines annually for three yrswhich will help co to mfr more engines, and there by prune the rapidly growing waiting list co has increased margins for its dealers to drive sales of petrol cars. The 8-10% rise in commission comes at a time when cos share in the domestic mkt has dipped below 40% for the first time.

Hyundai

Mahindra & Mahindra

Toyota Kirloskar Motor

11% - higher dispatch of small car Eon and Verna Sedan

44.5% growth in sale of passenger vehicle.

co will hike prices of vehicle by up to due to weakening of Re against Yen.

co is interested in buying at least parts of bankrupt Swedish carmaker Saab automobile. cos sales surged by 82% YoY in 2011 calender year.

Co plans to roll out LPG variant of its made for India compact car EON as there has been demand to increase option on EON

mkt has dipped below

Toyota Kirloskar Motor

Hero MotoCorp

co will hike prices of vehicle by up to 3% due to weakening of Re against Yen.

cos sales surged by 82% YoY in 2011 calender year.

Co launches its first petrol-electric hybrid scooter, developed without any honda help

Shares lost over 5% after Honda launched Yuga

43% rise in NP for Oct-Dec operating profit margin static at 16.9% compared with 16.8% in previous fiscal. Co projecting a 10% lower growth in next fiscal, down from the 18% growth posted in first nine months. co has plans to increase its annual capacity from the current 6.2 mn vehicles p.a. to 6.5 mn

co has signed a technology-sharing deal with US motorcycle firm Erik Buell Racing US co is already working on some of Hero's products and will develop new bikes and scooters that may hit the mkt in 13.

11/21/2011 sector under pressure as rise in global commodity prices led to sprut in input cost

11/22/2011 shares of metal and mining cos are unlikely to gain soon, with fears of a ban on ore exports from Goa and a part becoms an Act, it will adversly impact EPS in the range of 1.9% to 15.2% for various metal and mining cos.

Steel demand in Asia's third largest economy has been growing at near-double-digits over the past few years, pu including ArcelorMittal and POSCO to set up base in the country. Indias rising automobile slaes and its gorwing s

The falling rupee is likely to hit steel cos coal import bill with spot purchase of coking coal becoming costlier. The firms as well as companies like SAIL, JSW steel, which rely on imports. 11/24/2011 gold falls as dollar profits from Euro worries. copper hits one month low on slowdown worries. 11/25/2011 Gold surges on bargain hunting, Euro recovery to around $ 1700 an ounce.

11/29/2011 Report of committee constituted by Planning Commission1. Steel demand to grow at an avg of 10.3% in next five years on the back of infrastructure developmenet and hi 2. forecast is based on a projected GDP growth of 9%. 3. total domestic demand for steel will touch 113.3 mn tonnes(mt) in 2016-17 against 65.61 mt during 2010-11. 4. steel sector contributes 2% to GDP. 5. Possible slowdown in Chinese economy would affect the sector the most. 6. sector will not be immune to globle developments such as sovereign debt crisis in Europe, downgrading of Am volatality in currency and equity markets. 7. SAIL, Rashtria Ispat Nigam and Tata steel, India's largest producers contributed only 6% to capacity addition in to 27.7% during the period. 8. the 12th plan period will witness Tata steel expand capacity of its Jamshedpur plant to 10 mtpa and set up a 6 12/1/2011 Gold price expected to be - $2000 to $2200 an ounce next year. 12/2/2011 The prices of diamond, gold and silver jewellery could rise if Re falls further.

12/3/2011 India has decided to seek consultation with US on 'wrongful' imposition of penal duties on its steel exports, first mechanism of WTO. US imposes steep CVD and anti-dumping duties On Indian steel cos making exports from th According to India formula for calculating such duty is faulty.

Copper traders are bullish for the first time in six weeks on signs that demand is still expanding as global invento shore up growth. Gold may drop on US optimism

12/9/2011 Gold likely to decline as Europes leaders gather to lay the foundations for a fiscal union and holding in exchange 12/10/2011 Gold traders most bullish in a month on European debt crisis. 12/23/2011 steel consumption in India is likely to reach around 122 mt by 2015 from current annual base of abt 70 mt.

Falling ETF holdings may bring down gold.

12/24/2011 Illegal mining of iron ore in Karnataka which brought huge lossess to steel industry may repeat in Odisha which p Gold declined on signs of strengthening US job mkt and a drop in holdings by ETF.

Copper traders most bullish since oct as global inventories at two year low add to signs that demand is improvin 12/27/2011 Global steel cos reduce output as demand Ebbs.

12/28/2011 Gold import may halve in dec due to weak Rupee. Imports may fall to 30-40 tonnes; drop in purchase likely to w 12/30/2011 Gold falls to five month low as dollar advances to $ 1524.80 an ounce.

1/12/2012 The steel min said Bharat Coking Coal should be demerged from CIL and be empowered to manage all coking c need of thermal coal. Coking coal is one of the imp raw material for steel making and domestic steelmakers m

Date 11/22/2011 Fall in sh prices since july Foreign debt.notional exchange loss

Tata steel 37%

JSW steel 36%

Rs 150 cr

Co looking to buy galvanising and colour coating steel mills of betwee 150000-200000 tonnes capacity to margins and increase capacity. 11/29/2011

12/1/2011

12/5/2011

12/6/2011 12/24/2011

12/29/2011

Cos 81000 factory workers across continents are seeking to join hands in solidarity through a transnational employee union.

12/30/2011

1/4/2012

Credit Suisse has upgraded co to 'neutral' from 'underperform' as cos domestic expansion is on the way, irone ore/coal output frm offshore mines should start, and EU biz should release working cap sh jumped 6.06%

1/9/2012

1/12/2012

orts from Goa and a partial resumption of mining in Karnataka expected to worsen losses. If this Bill al and mining cos.

er the past few years, pushing local firms to increase capacity and attract global steel makers le slaes and its gorwing status as a small-car hub has also boosted demand for value-added steel.

al becoming costlier. The impact will be felt by all major steel player , including smaller and medium

ure developmenet and higher per capita consumption.

5.61 mt during 2010-11.

rope, downgrading of America's sovereign credit rating, its proposed expenditure cuts, and high

% to capacity addition in 11th five year plan. Their combined share of production shrank from 33.5%

o 10 mtpa and set up a 6 mn tonne plant at Kalingangar.

on its steel exports, first step country has taken before dragging another to dispute settlement s making exports from these cos unviable. Such duty is in range of 18%-500%.

panding as global inventories decline to an 11-month low and central banks cut funding costs to

and holding in exchange traded products fell from record.

base of abt 70 mt.

repeat in Odisha which produces a third of country's iron ore.

that demand is improving.

op in purchase likely to weaken gold prices.

ed to manage all coking coal asset to give a boost to production of dry fuel as CIL is busy in meeting the domestic steelmakers meet 70% of their requirement through imports.

Hindalco 34%

Sterlite 39%

to buy galvanising and ting steel mills of between 0000 tonnes capacity to boost d increase capacity.

HC dismisses cos plea against IT order on transfer pricing issue. Cos liability Rs 1100 cr. Co may go for an appeal.

Co will offer to buy Govt's 49% stake in Balco at mutually agreed price to give co 100% ownership.

Finex tech

SAIL 36%

ArcelorMittal

Rs 509 cr

Seven member consortium of Indian cos led by SAIL, has been awarded the rights to mine iron ore at Hajigak in Afghanistan worlds second largest reserves of mineral. consortium consist of- SAIL, NMDC, Rashtriya Ispat Nigam, JSW, JSW Ispat, Jindal Steel and Power and Monnet Ispat. SAIL consortium seeks govt help to Raise funds for Afghan play. Needs to raise $11 bn for planned development of mines, steel and power plants.

Co and japans Kobe steel is likely to finalise JV for 0.5 mn tonne mill in West Bengal to mfr special grade steel.

An environment min panel has recommended green nod to ArcelorMittal's mining project in Jharkhand having estimated production cap of 5mn tonnens p.a. of iron ore. The project is significant for co for RM security to its proposed 12-MTPA steel mill in the state entailing investment of Rs 50000 cr.

Co and south korean Posco have buried the diff over 13k-cr JV to set up steel plant in Bokaro in Jharkhand. the consortium needs $7.8 bn state funding for Afgan mine.

Co and Japans Kobe steel will invest Rs 1500 cr in an equal JV plnt in west bengal to make 5 lakh tonnes of iron ore nuggets annually.

vt's 49% stake in ed price to give co SAIL-Posco JV may be finalised in a month. The JV propose to set up a Rs 13000 cr, three million tonne per annum steel plant at Bokaro in Jharkhand using Finex technology.

anel has recommended Mittal's mining project in mated production cap f iron ore. The project is M security to its proposed he state entailing investment

11/21/2011 the BSE's capital goods Index is among the worst performers losing 38% this year when SENSEX is down 20%. Order in several policy initiatives are pending. rising interest rate another concern. Big challenges- land acquisitions, environm

11/26/2011 Renewable energy is surpassing fossile fuels for the first time in new power-plant investment. Electricity from the win for natural gas, oil and coal(Bloomberg New Energy Finance).

12/1/2011 London-listed Essar energy is keen to acquire energy assets in Africa as it wants 30% of its overall revenue to come fro 12/7/2011 Prices of solar energy will continue to fall.

12/8/2011 Moser bare Clean Energy said it is investing $1 bn to set up solar projects with a cumulative capacity of 300 MW in In

The poor health of state electricity utilities coupled with delay in project execution has severly hurt the electrical equ competition from foreign mfrers. 12/9/2011 Under CAG pressure GAIl asks some merchant power producers to pay higher prices for gas.

12/26/2011 Energy deficit may rise upto 15% as weak Re hurts coal imports.The near 20% Re depreciation has substantially increa 2% of India's GDP and can stall growth in services and agriculture.

1/17/2012 The forthcoming budget could bring some cheer to domestic power equipment makers, including BHEL and L&T as equipment.

2/23/2012 The commerce min wants substantially higher duty on import of power equipment than the 14% proposed by pow

, BHEL 11/21/2011

siemens

11/22/2011

11/24/2011

RM/sales ratio highest since 2008. rising input cost hurts. Co says in many contracts prices linked to inflation, which will help to mitigate impact of rising material costs. Still margins under pressure

11/28/2011

11/29/2011

12/3/2011

12/6/2011

12/21/2011

12/22/2011 12/27/2011

12/28/2011

12/29/2011

1/17/2012

1/24/2012

2/28/2012 co has won a Rs 774 crore contract for supplying onshore drilling rigs to upstream oil co ONGC. The contract envisages manufacture and supply of six onshore drilling rigs.

his year when SENSEX is down 20%. Order inflow for leaders such as L&T and BHEL has declined largely because investment sentiment is pretty low lea n. Big challenges- land acquisitions, environmental clearances & availability of coal

er-plant investment. Electricity from the wind, sun, waves and biomass drew $187 bn last year comapred to $157bn

wants 30% of its overall revenue to come from upstream operation.

with a cumulative capacity of 300 MW in India and abroad in next nine months.

execution has severly hurt the electrical equipment mfg industry which was already under pressure due to

20% Re depreciation has substantially increased electricity generation cost. Power generation directly impacts

uipment makers, including BHEL and L&T as FinMin is considering levying duty on imported

equipment than the 14% proposed by power min to safeguard the interest of domestic manufacturers like BHEL.

Damoda Valley corp(DVC)

JSW Energy

co buys fuel or coal frm spot mkt and sells power in open mkt. it's quite risky. Adverse movements in fuel & selling prices has eroded Mcap by two third over past one year. due to costly fuel and volatality in tariff a further downside risk still persist.

ce 2008. rising input y contracts prices linked p to mitigate impact of margins under pressure

Lalit Kumar Gupta joint MD And CEO of co has resigned. Resignation comes at a time when the co is facing challenges pursuing its strategy of being a largely merchant power producer with high reliance on spot rates.

sh declined 7.2% to 454.60 on power min plans to cap tarrifs for power supply from projects that have captive coal blocks.

ecause investment sentiment is pretty low leading to deferment of several orders.

Suzlon Energy

Essar group

ments in fuel & selling ded Mcap by two third

uel and volatality in tariff side risk still persist.

co plans to boost mkt share, cut costs. puts in place new strategy to raise mkt share to 9% by 2012-13. In short term this would lead to a 2% improvement in mkt share and 2% inc in EBITDA

pta joint MD And CEO of d. Resignation comes at e co is facing challenges ategy of being a largely er producer with high

Group may bid for Australia's New Hope Coal . New Hope Coal has reserves of more than 1bn tonnes of thermal coal deposits, enough to feed thermal power plant for more than 20 yrs.

% to 454.60 on power min rrifs for power supply from ave captive coal blocks. Co has signed MoU with AP govt to develop a wind power capcity in the state totalling 3000MW between 2012 and 2016, creating potential investment of up to Rs 18000 cr. AP govt will facilitate co in obtaining necessary permissions, registrations, approvals and clearances for development of wind farm. cos convertible bonds are falling at the fastest pace since 2009 after the co signalled it will fall short of funds to repay debt. Co is exploring options including asset sales to meet $569 mn in bond redemptions this year.

a's New Hope Coal . es of more than 1bn posits, enough to feed

11/21/2011 According to coal min India's coal reserves estimated to be more than 276800mn tonne as on april 2010. this is about country in 2009-10 was just 532 mn tonne

11/26/2011 The Prime minister is set consider a proposal to allow owners of captive coal blocks to sell excess production to CIL at sale of surplus coal to CIL would go to the exchequer while rest would be incentive for the mining co. For 1. it could help cos save forex spent on importing coal. 2. Coal deficit in the country is likely to grow to 137 mn tonne by the end of fiscal. Of 89 thermal projects, 32 have co another 20 plants have just 7 days stock. Against 1. it would be illegal as there is no provision in Coal mines nationalisation Act of 1973. 2. it could lead to captive coal block owners diverting coal meant for end-use projects to coal cos. The value of mineral production in India dipped by 5.64% to Rs 13658 cr in sep 2011. (mineral- petroleum(crude), coal, iron ore, natural gas and limestone.

12/5/2011 India's coal deficite is expected to double to 265 mn tonnes in next 5 yrs. Importing such qty of coal even at todays pr to light up a third of country's power capacity by 2016-17 As per latest govt estimates demand for coal will grow to 980.5 MT by 2016-17 as against domestic availability of 175

12/8/2011 In CY 11, India is expected to import 110 mn tonnes of coal as against 90mn tonne in CY 10. According to McCloskey C

12/9/2011 Coal min has decided to auction 54 blocks on upfront payment basis but might bot offer mines to power cos. The min

12/28/2011 Coal imports may increase to 194 million tonnes(mt) by 2017, as against 135mt at present to meet the demand of po 1/3/2012 Govt hikes iron ore export duty to 30% which could hurt India's struggling ore exports further

1/14/2012 The min of mines has initiated steps to frame new rules and regulation that will empower the centre to bar those fou A 30% duty has been imposed on iron ore exports w.e.f Jan 1 to make illegal mining less attractive and improve availa Mines Min is not in favour of hike in export duty on low grade iron ore in country.

Oil headed for its biggest weekly decline in a month on signs that the EU may delay the enforcement of a ban on Iran

2/20/2012 govt aims to produce upto 150 mn tonnes of additional coal a year by prodding state firms like NTPC and DVC to max

Date CIL 11/24/2011

Cairn

11/25/2011 co wants to pass an enabling resolution through its BOD that will allow it to take up take-over offers as and when they are presented to co without resorting to mandatory expression of interest route. if passed it will allow co to look at specific overseas takeover targets and acquire them 11/29/2011 12/6/2011 Home ministry has given approval to London listed Vedanta to buy majority stake in Cairn India for $8.7 bn. ONGC has given Cairn-Vedanta deal NOC.

12/7/2011 Coal min has rejected cos proposal for bringing down the coal production target. 12/8/2011

12/9/2011

Co completes the sale of controlling stake in its Indian unit to Vedanta.

12/22/2011 CCI to probe CIL role in flat output. watchdog acts as coal reserves rise 37% but output up mere 0.19%. 12/27/2011 ONGC and oilmin's technical arm DGH have the co go ahead for commencement of production from Bhagyam oilfield in Rajasthan. Co will begin oil production at level of 20000-25000 barrels per day. after two significant gas finds co said its third well in Sri-Lanka has turned up dry 12/28/2011 co said its revised production target of 440 mt for 2011-12 can only be achieved if the output of the co grows by 10% on avg in remaining months of current fiscal. 1/2/2012 Co is likely to set up a subsy for buying coal assets in South Africa, as part of its efforts

to boost its output. 1/3/2012 Co has announced a change in pricing policy for its non-coking coal, which should help co improve price realisation per unit & maintain profitability. Change come at a time when co is under pressure to raise the wages of employees 1/5/2012 An enviornment min pannel has recommended cos three projects for green clearance. 1/11/2012

1/12/2012 Cos new pricing system is facing strong opposition from consumers. Small and medium steel and cement producers claim they will have to shut shop due to 70% rise in fuel costs, while power firms say tarrifs would rise by 40% 1/20/2012 Co will put on hold its new pricing system for state power utilities in west bengal for a month following a communication from Calcutta HC. 1/21/2012 co has decided to reduce prices of certain coal categories consumed mainly by power generators, cement and fertiliser units. 1/30/2012

800mn tonne as on april 2010. this is about 12% higher than estimates in jan 2005. however actual production in

al blocks to sell excess production to CIL at notified prices. As per the proposal three quarters of the revenue from ncentive for the mining co.

f fiscal. Of 89 thermal projects, 32 have coal to run for less than 4 days as against normative requirment of 22 days.

se projects to coal cos.

mporting such qty of coal even at todays prices would mean a whopping $32 bn forex bill, but it would be necessary

6-17 as against domestic availability of 175MT.

n tonne in CY 10. According to McCloskey Coal Report, import is expected to increase to 142 mn tonnes by 2012.

ight bot offer mines to power cos. The min ha salso decided not to give mine free of cost to Govt cos.

35mt at present to meet the demand of power sector.

g ore exports further

t will empower the centre to bar those found mining illegally form securing Govt contract. al mining less attractive and improve availability of the ore for steelmakers.

ay delay the enforcement of a ban on Iranian oil imports.

ding state firms like NTPC and DVC to maximise production from their mines.

NMDC Co plan to sign JV agreement with Severstal, Russia's second-largest steel co for the proposed $3bn steel plant in karnataka by Dec 16. As per initial agreements, NMDC will provide the iron ore linkage, while Severstal will bring in coking coal.

Vedanta

co expects to acquire gold mining lease in Tanzania soon.

ority stake in Cairn India Vedanta Aluminium's odisha refinery expansion plan hits legal roadblock. Enviornment min puts on hold the terms of reference for expansion.

ontrolling stake in its

Co plans to go in for further global acquisitions through already bought firm in Australia instead of direct acquisition to conserve financial resources in the backdrop of dropping Re.

co looking to acquire 2 properties in Australia.

Mercator Lines

nium's odisha refinery expansion roadblock. Enviornment min puts on of reference for expansion. cos diversification into coal biz helped it to remain profitable coal biz expected to contribute nearly 60% to total revenue by end of FY12.

11/21/2011 Draft National Pharmaceuticals Policy 2011: the span of control is likely to go up to 60%. Planning commission wants

11/22/2011 Proposed pricing policy is likely to cause loss of around Rs 1500 cr to drug maker and Rs 2500 cr to stokist and drug m market under price control. Cos estimated loss (Rs Cr) By pharmaceutical market research company AWACS. GlaxoSmithKline 137 Ranbaxy 115 Abott India 50 Zydus Cadila 50 Sanofi Aventis 50 11/24/2011 drug price control may hurt R&D potency.

11/26/2011 Foreign drug makers are pouring millions of dollars in China, lured by the govts buying power and ease of doing busin centre's allegedly restrictive policies. 12/1/2011 NYSE-listed Watson Pharma launched the generic version of Lipitor.

12/7/2011 Expensive cancer drugs may cost less providing relief to 20 lakh cancer patients. Govt is planning to bring 40 cancer d

12/28/2011 India will seek greater mkt access for Indian generic medicines in Japan through dilution of non-tariff barriers and also 1/11/2012 Pharma cos, battling growing competition from each other and resurgent multinationals, should consider mergers. It Dilip Sanghvi, chairman & MD Sun Pharma

Date 11/22/2011

sun Pharm

Cipla

11/24/2011

11/25/2011

12/1/2011

12/2/2011

12/3/2011

12/6/2011

12/7/2011

12/8/2011

12/22/2011

12/26/2011

12/30/2011

1/14/2012

Emcure Pharma has prevailed over against co in proceedings before the Bom HC where co had accused Emcure of trademark infringement.

1/28/2012

2/24/2012

2/25/2012

2/29/2012

o up to 60%. Planning commission wants to increase public exp on health from 1.4% of GDP now to 2.5% by 2017, and 3% by 2020. life expectancy has

aker and Rs 2500 cr to stokist and drug maker. New policy will bring under control 60% of Rs 68000cr drug retail

tical market research company AWACS.

vts buying power and ease of doing business there, at a time India seems to be loosing attractiveness amid the

nts. Govt is planning to bring 40 cancer drugs under price control.

ugh dilution of non-tariff barriers and also invite more Japanese investments into the country.

ultinationals, should consider mergers. It will help cos to beat competition from multinationals

Dr Reddy

Piramal Healthcare Co looking to raise its R&D spends to Rs 2 bn in next FY from Rs 1.5 bn this yr. targeting acquisiton of small overseas biotechnology firms to boost drug discovery and research capability. i-pill and lacto calamine will continue to make losses for few years as the co is just building brand.

co split key mkting div to strengthen biz in domestic mkt. bt experts are doubtful on effectiveness of move due to existing mature brands and intense competition. bt growth prospects in US and Russia is good.

co launches pain and inflammation relief cream 'Supamove' in India. Cream helps to reduce pain and inflammation in patients with joint pain, arthritis, bursitis and lower back pain.this mkt is growing annually @ 18%.

Piramal group wants to enter the security system & play a role in new drug discoveries.

by 2017, and 3% by 2020. life expectancy has increased to 63.5 years

Biocon

Pfizer

Co expects to find a deeppocketed global partner for its experimental oral insulin pill by end-march.

Pfizer has offered to deliver Lipitor at a cutprice of $4 directly to patient in its fight to retain market share of worlds largest selling drug just days before the US patent for the medicine is due to expire. The move is expected to hit Ranbaxy Pharma, which has exclu three months beginning Nov 30. Lipitor is the brand name for atrovastat annual sales of over $10 bn. Analyst have now halved their estimate of R planned Lipitor generic to $100 mn.

cos arm Clinigene int inked pact with US based Pacific Biomakers Inc to cater to high end clinical research needs of global pharmaceautical & biotechnology cos.

ter the security system

Ranbaxy

Lupin

ent in its fight to retain gest selling drug just for the medicine is due ected to hit Ranbaxy Pharma, which has exclusive right to sell the generic version for ov 30. Lipitor is the brand name for atrovastatin, a cholesterol lowering drug with n. Analyst have now halved their estimate of Ranbaxy's PAT accruing from lauch of the

Watson Launch raised que on Cos revenues from drug. co is struggling to get approval from US drug regulator. co has potential to earn $250 mn from drug if it receives approval from US drug regulator. The USFDA has given clean chit to cos new manufacturing plant at Mohali in Punjab. co got approval frm USFDA, launches generic Lipitor. Too many players may spoil the party for co, such as Pfizer Watson Pharma, Teva. Analyst peg an erosion of 70% in the prices of Lipitor, which could rise to even 95%. There is limted upside. opp relating to Lipitor has already beens factored into current prices. co recd approval from USFDA for it generic antibiotic minocycline hydrochloride used for treating acen. Analyst cut cos rating after co said it will share profits from sale of Lipitor with Israel's Teva.

Co launches Atorvastatin, generic version of lipitor.

Co launches Cadeut Generic in US used for treating cardio vusculor diseases. co has appointed a senior executive in the US who will be responsible for ensuring that it does not violate that country's mfng laws again. Move follows a demand from US authorities that co should permanantly station an exec in their country. co may have to pay $ 500 mn to end US disputes.

co is looking to replicate its Japanese business model of expansion through acquisition in mkts like Latin America, Europe and Canada as it looks to strengthen overseas business by FY 13.

Analyst say co could lose millions of dollars in potential revenue apart from that potential penalties agreed to by co co for future violations could be as high as $40 mn a year. cos Q4 loss widens to 2983 cr on account of provisions made in connection with the consent decree it signed with US authorities co may handover operations in some Latin American mkts to Daichi Sankyo, allowing its parent to market the cos prodcuts in those countries.

Shasun Pharma

Elder Pharma

recd approval from USFDA for it generic ibiotic minocycline hydrochloride used for

Co aims to be Rs 2000cr co by 2015. 90% of cos revenue come from exports to US, UK, Japan and other regulated markets.

Co said it plans to enter Japanese mkt

FY as it has recd accreditation from Ja plans to get 1-2% mkt sh.

s looking to replicate its Japanese business del of expansion through acquisition in mkts Latin America, Europe and Canada as it looks strengthen overseas business by FY 13.

Elder Pharma

Zydus cadila

Co said it plans to enter Japanese mkt in current

FY as it has recd accreditation from Japanese min. plans to get 1-2% mkt sh.

co acquired 100% stake in Biochem pharmaceauticals acquisition will strengthen Zydus's presence in domestic mkt.

11/21/2011 Makers of consumer durables and mobile phones have increased prices by up to 10% due to weakening of rupee, wh 12/2/2011 Retail prices of tea has appreciated by 5% and is set to go up as demand is increasing with onset of winter. 12/9/2011 JP morgan in its recent report on Indian consumer sector has hinted at early signs of slowdown in volume offtake.

12/31/2011 FMCG cos in India expects to mop up higher sales in 2012 driven by new product launches and increased demand i to volatile input pressure

1/14/2012 Reckitt Benckiser, one of the worlds largest consumer goods cos, has upgraded India to its regional headquarters for 1.8 bn people.

1/16/2012 The new packaging rules that come into effect from July 1, 2012, ban reduction in quantities of most consumer go

Date ITC 12/9/2011

HUL

12/24/2011

36% jump in adv tax payment by co. sh performed good. Bt stocks are expensively valued at Rs 412. Deepak Parekh steps down from cos board.

12/29/2011

1/2/2012 1/12/2012 Co expects growth in its food biz to slow in coming fiscal year, as continued inflation in key raw material and sluggish consumer buying are expected to hurt volume. Co estimates growth in food biz at 12-13% in next fin year from 14-15% expected this year 1/25/2012 Co may invest up to Rs 1k cr to expand FMCG biz

up to 10% due to weakening of rupee, which has made imports costlier

increasing with onset of winter.

y signs of slowdown in volume offtake.

product launches and increased demand in rural mkts even as they maintain a cautious optimism on margins due

aded India to its regional headquarters for southeast Asia, covering swathe of 12 nations representing mkt of

uction in quantities of most consumer goods while retaining their prices.

P&G co fined euro 233.6 mn for colluding with others to set prices for detergent from 1997-2004.

Nestle

dv tax payment by co. sh performed s are expensively valued at Rs 412. steps down from cos board. Co recorded its biggest India loss in 2010-11 that wiped off last six years accumulated profits, as the co 37% of its revenues on mkting and advertising. Co made Rs 333.5 cr losses during the year despite 31% growth sales.

CavinKare

Co plans to launch 2-3 new products in food and hair care segments by FY 2014

11/21/2011 US, UK seek to ban countries from imposing restriction on food export, limit taxation on exports. India to oppose Maharastra Co-op bank to raise credit limit aas state govt increses cane prices Mills are struggling to stay afloat as sugar prices fell below production cost

Pampore is the largest producer of Saffron in India. Production has gone up from 9460 kg frm last yr to 10500 kg The Rs 320 cr 'Mission Saffron' project plans to raise production even further. Indias saffron consumption is estim Concern -losing cultivable land as its being used for another purposes.

11/22/2011 Crash in demand from US and EU resulted in significant reduction in import of cotton by China from India.As a re just about 15% this time. No demand from Pakistan and Bangladesh. Cotton farmers are demanding immediate doubling of minimum support price from Rs 3000 per quintal. CM Prithviraj Chavan has called an all-party meeti Cotton Indias most imp cash crop contribute to a third to the farm GDP. Of 200 textile cos listed in BSE, 166 have

11/24/2011 The Maha govt has decided not to revise the base support price for cotton per quintal but state will provide som production but given as a fixed amount per hectar of cultivation.

Centre's nod for 1mt sugar export cheers industry. Wholesale prices jump with the removal of ban on stockhold

11/25/2011 International suppliers of key fertilisers di-ammonium phosphate(DAP) and Nitrogen Phosphate and Potassium( DAP will now be cheaper by $35 per tonne and NPK by $25 per tonne. India imports 90% of its DAP demand. food inflation fell to nearly four month low of 9.01% for the week ended Nov 12.

Due to an increase in input costs, strawberry farmers of mahabaleshwar have decided to raise prices by 20% for Mahabaleshwar produces about 10000-12000 tonne strawberries every year and accounts for 80% of total prod 11/26/2011 Japan to buy most wheat in a decade as corn costs rise.

11/29/2011 The cotton Advisory Board(CAB) has projected the exports of natural fibre i.e. cotton bales at 80 lakh bales in 20

12/2/2011 Area under Rabi up 5% at 92.94 lakh hector till Nov 25. however acreage of pulses and other rabi crops including rainfall in August and sep.

12/3/2011 record cotton crop and falling consumption will expand global stockpiles by most since 2005, driving further dec 12/5/2011 Tea producers should obtain third party certification and will have to adhere to price sharing formula stipulated a survey in 14 district has shown that some growers are using dangerous insecticides on tea bushes.

Govt notifies export of 1 mn tonnes of sugar in 2011-12 season which a pannel of ministers had approved 10 da 12/6/2011 Sugar output in India rose by 17% to 2.16 mn tonnes in the first two months of 2011-12 season. 12/7/2011 the govt is unlikely to raise subsidy furhter this fiscal on imported fertilisers, especially DAP and MoP.

The domestic demand for cotton is expected to 250 lakh bales in 2011-12 due to slow down in global and dome

Corn fell to 2-mths low in Chicago on concern Chinese demand for imported crops may slow. Wheat and soyabe

palm oil output in Malaysia probably declined in Nov. lower output may cut stockpiles and help prices gain for th

12/8/2011 Export order for salt may increase with demand coming from China and South Asian countries. India is 3rd bigge

12/9/2011 Food inflation dropped to almost a three and a half year low of 6.6% for the week to Nov 26 as a good harvest d 9% during the eleven mths to Nov due to high prices of egg, fruit, milk & meat. Wheat prices slip with record crop reserves. Global food inflation down for a fifth month in Nov.

12/10/2011 Sugar production in Maha is likely to miss target of 9.3 mn tonne forecast as cane yields are lower than expected

12/20/2011 sugar output up 19% to 45.84 lakh tonne till dec 15 - industry body ISMA. Maharastra has mfred 17.50 lakh tonn 12/27/2011 M'rashtra's 2012-13 cane acreage may drop on water shortage. 1/13/2012 Cooperative sugar mills demanded permission to export another 10 lakh tonnes in 2011-12. sugar stocks rose.

ation on exports. India to oppose this

m 9460 kg frm last yr to 10500 kg this yr. prices have risen by Rs 10000 a kg to Rs 1.45 lakh a kg dias saffron consumption is estimated at 20 tons a year, half is imported

otton by China from India.As a result profits of cotton farmer likely to slide from 100% in previous year to mers are demanding immediate procurement by the Govt-owned cotton Corporation of India(CCI) and van has called an all-party meeting to dicuss the issue. textile cos listed in BSE, 166 have declared losses in first two qtrs.

uintal but state will provide some aid to the farmer but this amt will not be provided as per the quintal of

he removal of ban on stockholding. Price may move up further.

ogen Phosphate and Potassium(NPK) have aggreed to reduce prices of crop nutrient by 5%. orts 90% of its DAP demand.

ecided to raise prices by 20% for processing quality and 50% for table quality.( frm Rs 17-25/kg to 20-30/kg) d accounts for 80% of total production in India

otton bales at 80 lakh bales in 2011-2012.

es and other rabi crops including wheat and jowar could fall in some parts of country, owing to deficient

st since 2005, driving further decline in price of this year's worst-performing commodity.

price sharing formula stipulated under Tea marketing control order(TMCO) 2003. cides on tea bushes.

of ministers had approved 10 days back as country's production has outstripped demand.

2011-12 season.

ecially DAP and MoP.

o slow down in global and domestic market.

ps may slow. Wheat and soyabean also declined.

kpiles and help prices gain for third month in dec.

sian countries. India is 3rd biggest saly mfrer of salt in the world after US & China.

ek to Nov 26 as a good harvest drove down vegitable prices further. Overall inflation at over

h month in Nov.

e yields are lower than expected, it could hit Indias surplus available for exports.

rastra has mfred 17.50 lakh tonne

in 2011-12. sugar stocks rose.

11/23/2011 Money Demand for economic transation or M1 it is the sum of currency held by public and business and their current account deposits with bank. Drop in growth rate of M1 shows that people are holding less money because they do not expect to do too man The decline in current account deposits seems to show that people are shifting money into longer term deposits

12/23/2011 Advance tax paid by cos help investors to get sense of what is in store for an industry, or a sector as advance tax 12/27/2011 Eight core industries have combined 38% weight in index of industrial production. coal crude oil natural gas refinery products fertilisers steel

cement

sits with bank. do not expect to do too many economic transation in near future ey into longer term deposits, where yields are higher and companies are handling less cash.

y, or a sector as advance tax is paid on the basis of estimated earnings.

electricity

11/24/2011 Online retail market in India may grow to Rs 70 bn ($ 1.33 bn) by 2015 from Rs 20 bn in 2011. 11/28/2011 Financial services firm Avendus- India's e-commerce market to touch $24 bn by 2015 due to increasing internet 12/1/2011 More filmgoers now use Net to buy tickets. over next two-three years, a fourth of all movie tickets will be booked online.

Flipkart.com(Indian retail website) 11/24/2011 co expects sale to grow more than 10-fold this FY due to incresed internet usage

Kyazoonga.com

0 bn in 2011.

2015 due to increasing internet penetration and e-commerce becoming more secure

Bookmyshow.com

11/24/2011 Life insurance sector may grow at 13-14% over four years. Indian life insurers total premium income is expected to re The level of insurance protection in India, measured by sum assured to GDP ratio, is around 55% of GDP, against the d

IRDA is proposing to limit the insurer's bank tie-up big cities which may affect the business of bank-led insurance cos

11/25/2011 Third-party claims may need to be filed within two years. It would bring down provisioning requirement for non-life in insurance claim.

11/28/2011 State Insurers complain to finmin about regulator letting private sector get out of the burdensome motor insurance. T in 2010-2011 on account of third party insurance, a substantial portion of which will be borne by public sector cos. IRDA is considering increasing the provisioning requirement for third party motor insurance to 175% to 200% from 15 12/5/2011 Promtores of Life Insurance cos may have to make public offer within a year of completing a decade of operations as

12/24/2011 The IRDA has scrapped third-party motor insurance pool and replacing it with a smaller one that will help private insu Insurers willnow have the option to choose the liabilities they would bear totally and transfer the remaining to pool a IRDA tells Insurers to remove age cap on health policies. New policies to come with life-long renewal.

12/26/2011 Insurers may soon get IRDA nod for gold investments but its not certain. Likely rush for gold asset will further push up 12/29/2011 Hit by global calamities in 2011 reinsurers raise rates by 15-20%. Move likely to force Indian insurers to pay more for

1/10/2012 Insurance cos have approached IRDA for a review of 22 pension products fearing they may not conform to regulator's 2/24/2012 IRDA wants insurers to fix upper cap on sum assured.

Date ICICI prudential 11/26/2011 11/29/2011

SBI life

11/30/2011

12/9/2011

12/27/2011

12/30/2011

1/13/2012

1/20/2012

2/24/2012

rers total premium income is expected to reach Rs 550000 cr by 2015. DP ratio, is around 55% of GDP, against the developed mkt benchmarks of 150-250%.

ffect the business of bank-led insurance cos like ICICI prudential and SBI life

down provisioning requirement for non-life insurance industry and also reduce manipulation in third-party motor

et out of the burdensome motor insurance. The govt expects the insurance cos to incurr loss of Rs2500-Rs3500 cr f which will be borne by public sector cos. y motor insurance to 175% to 200% from 153%.

ear of completing a decade of operations as IRDA wants these cos to have diversified ownership.

with a smaller one that will help private insurer reduce losses and force state run insurers to be more efficient. r totally and transfer the remaining to pool at time of writing the policy.

come with life-long renewal.

Likely rush for gold asset will further push up prices of gold.

kely to force Indian insurers to pay more for renewing their treaties with reinsurers in April 2012. fearing they may not conform to regulator's guideline pertaining to assured return.

Birla sun life Vikram Kotak, the chief investment officer of co, to leave co.

GIC

co said it would not pay any commission on obligatory business. i.e. on cumpulsory reinsurance.

IRDA asks co to pay commission to co such as ICICI Lombard & HDFC Ergo as it was to meet their expenses.

LIC

said it would not pay any commission obligatory business. i.e. on cumpulsory co will invest Rs 40000 cr in equity down from Rs 60000 cr it planned at the beginning of the fiscal. co has stopped participating in bulk & block deals in mkt to strengthen risk mgmt practicesa and follow a transparent practices.

A asks co to pay commission to co h as ICICI Lombard & HDFC Ergo as it s to meet their expenses. State run insurer settled 97% of all claims, private cos far behind. Its least likely to reject claim as compared to private insurers. Co is expected to invest Rs 1.9 trilion this fiscal year ending March 2012. co fears its 18-k cr loan to state utilities may turn despite state guarantees and adequate securities co will acquire additional stake in central bank of India Indian overseas bank and Punjab & sind bank before end march. Co will buy 5% each in above in preferential share aallotment, to compensate for govt's inability to infuse funds into banks and at the same time help govt retain control over them.

11/25/2011 steel and cement consumption has fallen due to a slowdown in the real estate sector. This will also have impact on st consumption grew by only 5% in 2010-11 compared to 9-10% growth in previous years. Slowdown in real estate secto clearances. 12/3/2011 demand in tier II and III cities shows an uptrend on rising affluence, aspirations of buyer.

12/7/2011 Canada based PE fund SITQ, which had plans to invest up to $ 1.6 bn in Indian real estate sector, is shutting down its o right value. Instead of direct investmnet co will indirectly invest in India.

12/8/2011 Developers look at ways to cut costs, meet deadlines. Cos opt for better construction technologies to fight rising labo

12/20/2011 Falling Re lifts Real estate players spirits. NRIs express interest in buying properties as weak Re makes homes cheaper

oversupply in the sector is forcing Indian developers to turn their mall projects into houses. Abt 96 mn sq ft of retail s demand will be only for 34 sq ft, said crisil research.

12/29/2011 Mumbai builders who were crying hoarse about approvals not coming from govt on fear that sudden go-ahead- expe leading to competition and a possible price crash.

1/7/2012 Uncertainity in global economic environment and Europe's deepening debt crisis have resulted in 30-40% drop in pro Oct-Dec 2011 period compared with year ago period.

1/14/2012 PE investment in the sector have grown more than 75% over the past year even as MFs and other investors have sh Analyst say such investment entails much lower risk than investment in stocks.

1/17/2012 PE funds are trying to exit their investments in large township developments where the projects have been stuck f Redfort capital & IL&FS change their strategies & focus on short term, small format projects.

1/20/2012 Mumbai realty biz shows signs of revival. Property registration in Mumbai rise 45% in Dec 2011. Recovery in Mumb

1/21/2012 developers across the country have sought RBI's permission for rollover of real estate loans due for repayment by Ma for real estate loans to help reduce cost of loan. 1/28/2012 home sales in Mumbai drop to three year low due record home prices and higher interest rates.

2/18/2012 with the real estate mkt showing signs of stabilising after mths, listed firms having real estate as a non-core biz have b strecteched and need liquidity. These cos had entered real estate biz during the boom to invest their surplus cash and

Date Tata Housing development 11/25/2011 Tata sons will infuse Rs 500 cr into Tata housing development through a fresh issue of equity.The has been using a joint development model for most of the projects where the land owner becomes partner instead of receiving consideration for land, and has a development portfolio of over 44mn sq ft under various stages of execution. In addition to this, the co has a project pipeline of over 19 mn sq ft 12/5/2011

Emami group

The group has bought 850 acres of p real estate in a countrywide propert expansion binge. Co has spent more Rs 200 Cr to buy land in diff cities in

12/8/2011

11/10/2011 12/30/2011

1/4/2012

state sector. This will also have impact on steel and cement prices in the coming months. All India cement previous years. Slowdown in real estate sector is due to slow govt sanctioning process, including environmental

dian real estate sector, is shutting down its operations in country as it has not been able to identify the deals in

construction technologies to fight rising labour, material costs.

properties as weak Re makes homes cheaper.

ojects into houses. Abt 96 mn sq ft of retail space is expected to be added by 2013 in top 10 cities in India, while

om govt on fear that sudden go-ahead- expected soon for hundreds of projects- will create supply glut in the mkt

bt crisis have resulted in 30-40% drop in property sales volume originating from NRI's based in India during

ear even as MFs and other investors have shunned this sector because of rising interest rates and falling revenue.

ments where the projects have been stuck for lack of demand or clarity of approval. Players such as Kotak Realty, mall format projects.

bai rise 45% in Dec 2011. Recovery in Mumbai mkt is expected to gain momentum from june.

of real estate loans due for repayment by March 31, 2012. they have also appealed for a reduction in risk weightage

d higher interest rates.

ms having real estate as a non-core biz have begun to accelerate their exit from sector. Most infra cos are financially ing the boom to invest their surplus cash and gain from high margin biz, but now they want to get rid of those assets.

Emami group

Milstone capital(PE firm)

Unitech

The group has bought 850 acres of prime real estate in a countrywide property expansion binge. Co has spent more tha Rs 200 Cr to buy land in diff cities in India.

firm has successfully raised close to Rs 450 cr from a slew of domestic HNI and mid-sized corporates for real estate fund, a sector that is otherwise facing a downturn across the country.

co plans to invest Rs4000 cr ove four years to develop 13 malls a the country.

Fitch has withdrawn rating of c lack of adequate info.

Godrej Properties

Kotak realty fund

co plans to invest Rs4000 cr over next four years to develop 13 malls across the country. Fitch has withdrawn rating of co due to lack of adequate info. co sold 49% sh holding in its subsy, Godrej premium Builders, which is developing a project at sector 104 in Gurgaon, to Sun-Apollo India Real Estate fund.

co plans to raise $ 350 mn, through a estate fund that will invest primarily i projects. The new fund will be deploy three years.

Kotak realty fund

co plans to raise $ 350 mn, through a foreign real estate fund that will invest primarily in residential projects. The new fund will be deployed over next three years.

11/26/2011 Moody's downgrades Hungary debt to JUNK status.

Italy paid a record 6.5% to borrow over six months on firday and its longer-term borrowing cost soared far above leve 11/28/2011 The IMF could bail out Italy with upto $794 bn. The IMF would guarantee rates of 4%-5% on the loan.

Greece may miss its target for privatisation revenues next year because of the worsening economic climate in Europe S&P downgraded Belgium's credit rating to AA from AA+ Saying it might not be able to cut its towering debt load any US regulators push banks like Citigroup to reduce exposure to euro zone.

11/29/2011 The biggest bond dealers in US say the Federal Reserves is poised to start a new round of stimulus, injecting more mo treasuries.

Organisation for Economic Cooperation and DevelopmentThe global economic recovery is running out of steam, leaving the euro zone stuck in a mild recession and the US at ri loom if euro zone does not get grips with its debt crisis and US lawmakers fail to agree a spending reduction plan 11/30/2011 Fitch reduces US rating to negative. Italy's borrowing costs soar over 7% threshold that led Greece, Portugal and Ireland to seek bailouts

12/1/2011 Federal Reserve cut the cost of emergency dollar funding for European banks as part of globally-coordinated central-b China Cuts CRR by 50 bps from dec 5 S&P downgrades US, Europe banks rating, ups rating of Chinas lenders.

Finance ministers opf 17 nations using euro agreed to work on boosting the resources of IMF so it can co-operate mo 12/5/2011 US has no plans to make bilateral loans to IMF to help stem crisis. 12/6/2011 US exports likely rise next year.

EU leaders look at fresh strategy to fix debt crisis. German chancellor Angela Merkel and french Prez Sarkozy to hold t plan failed. Italy's PM Mario Monti takes a 30-bn euro austerity package.

12/7/2011 S&P warns of mass rate cut in EU. Asks euro zone leaders to deliver convincing deal to solve debt crisis in fridays sum IMF approves euro 2.2 bn rescue fund for Greece.

Top fund managers confident US will avoid Eurozone contagion. Chances for a recession in the worlds largest econom

12/8/2011 Asian economies are withstanding Europes debt crisis so well that some investors are positioning for credit rating upg can lead to re-rating. EU nod to export 7lakh tonne sugar.

12/10/2011 EU summit- 23 of the 27 leaders agreed to pursue tighter integratiob with stricter budget rules for single currency are

treaty. Moody's cuts 3 french bank , BNP Paribas, Societe Generale & Credit Agricole, rating on weak liquidity.

Germany's central bank on Friday lowered country's growth forecast for 2012 at 0.6% frm previous 1.8% as the debt c

12/20/2011 the euro after falling to its weakest level against the $ since jan, is poised to depreciate further as traders lose confide

12/22/2011 The US fed proposed rules that would require the largest US banks to hold more capital and to keep it more easily acc 12/24/2011 Russia cuts interest rates for first time since 2010

Italian senate passes euro 33 bn austerity package that includes tax hikes and pension cuts. Consumer morale plumm 12/26/2011 China will slash reserve requirqments further next year to pump liquidity into country's banking system. Japan looks to buy Chinese govt bonds. 12/30/2011 EU may slip into recession, lowering tax revenue & increasing govt budget deficits.

r-term borrowing cost soared far above levels seen as sustainable for public finance. rates of 4%-5% on the loan.

f the worsening economic climate in Europe.

not be able to cut its towering debt load any time soon.

a new round of stimulus, injecting more money into economy by purchasing mortgage securities instead of

one stuck in a mild recession and the US at risk of following suit. The threat of even more devastating downturn s fail to agree a spending reduction plan

nd Ireland to seek bailouts

anks as part of globally-coordinated central-bank response to the continent's soverrign crisis.

he resources of IMF so it can co-operate more closely with the European fiancial stability facility.

ela Merkel and french Prez Sarkozy to hold talks in Paris. This is a fresh attempt after the euro area's fourth rescue

ncing deal to solve debt crisis in fridays summit.

for a recession in the worlds largest economy look very low say top investor.

nvestors are positioning for credit rating upgrades in the region. Good policy & macro stability in Asian countries

h stricter budget rules for single currency area, but Britain said it could not accept proposed amendments to EU

cole, rating on weak liquidity.

2012 at 0.6% frm previous 1.8% as the debt crisis weighs on the prospects of eurpoe's largest economy. to depreciate further as traders lose confidence in the ability of European leaders to contain regions debt crisis.

d more capital and to keep it more easily accessible.

and pension cuts. Consumer morale plummeted at 91.6(consumer confidence index).

into country's banking system.

11/26/2011 Forex reserves down by $12 bn after the steepest 3-week fall since Oct 28. traders and forecast the rupee to fall in Asia due to the European credit crisis induced fears and the deteriorating external balances of Indian econom Policy makers and businesses are divided on whether to use foreign exchange reserve, which are not from the tr cos. India is likely to be highest recipient of remittances in 2011- world bank. Reasons Re depreciation. Hefty returns from oil prices rise to those employed in the Gulf countries. High intrest rates in India.

12/5/2011 Indian authorities will this week discuss imposing investment by local companies and pre-payments of foreign lo 12/10/2011 Forex reserves rose $2.5bn to $306 bn as on dec 2.

12/31/2011 ratio of short term debt to foreign exchange reservess rose to an 11-yr high to 22.9% at the end of sep 2011, r reason for surge in external debt has been the higher private borrowings and rise in short-term debt due to fina 1/7/2012 Forex kitty dips below $300 bn first time since feb

1/12/2012 India was burdened with an additional Rs 66000 cr cost of imports between may and dec 2011, due to 18% depr crude oil and thermal coal.

1/14/2012 Forex reserves fell to a 15-month low despite flow of US-dollars from NRIs and foreign funds to buy debt secu pre-2008 crisis period. Reserves dipped $3.2 bn to $293.54 bn as on Jan 6. 1/28/2012 India's Forex reserves rose by $732 mn to $ 293.257 bn in week ended Jan 20 due to improved dollar inflows. 2/25/2012 India's Forex reserves rise to $293.44 bn as feb 17.

ers and forecast the rupee to fall another 11% at least, to Rs 58. The Rupee has become the worst performer ernal balances of Indian economy, coupled with current account deficit. eserve, which are not from the trade surplus as in China but hot portfolio money and borrowings by Indian

s and pre-payments of foreign loans to conserve dollars if the recent trend of Re weakening gathers pace.

22.9% at the end of sep 2011, raising concerns abt the sustainability of our external obligations. The primary e in short-term debt due to finance higher imports.

y and dec 2011, due to 18% depreciation in Re despite decline in global prices of two major imported products

foreign funds to buy debt securities, taking import cover to eight-and-a-half months, from 15 months in the

due to improved dollar inflows.

11/25/2011 The govt has allowed 51% FDI in multi-brand retail sector. Cap on FDI in single-brand retail increased to 100% from 51 inflation. 11/26/2011 Luxury goods sales set to boom after increase in FDI limit.

11/28/2011 The kids apparel market in India is likely to reach Rs80k cr by 2015 from current Rs38k cr because of rising income an exposure(Assocham). 11/29/2011 The 30 lakh crore retail sector contributes 15% to India's GDP and employs over 4 crore people.Normal margin is 5%, falls upto 3% for discount shops.

Govt said foreign retailers wanting to set up shop in India must source 30% of their inputs from domestic micro and s 11/30/2011 Retail stocks dip as FDI stalemate continues, opposition demanding immediate rollback of the govt decision. 12/1/2011 Leaders of large farmer outfit are backing FDI, saying it would help growers receive higher prices. 12/3/2011 cos with FDI may have to soon comply with stringent disclosures. 12/5/2011 cabinate is expected to meet before Wednesday to factor in necessary changes in FDI policy.

12/6/2011 FM to explain govts shift in stance over retail FDI at all party meeting. Parliament may start functioning from Wednes Stocks fell as much as 10% due to Govts FDI pause.

12/28/2011 European crisis may cut India's apparel exports by 15%. Export orders from europe have fallen significantly. Orders fr

severe cold wave in most of the country has triggered a boom in winterwear sales. Woodland, Monte Carlo, ITC Wills sales.

2/2/2012 The Andhra Pradesh govt is planning to open super mkts, venturing into multi brand retail territory that multinatio Its also seeking partnership with wholesale units of germany's Metro AG and Walmart to create a hybrid retail mod Textile min has asked Finmin to withdraw 10% excise duty on branded garments in budget for 2012-13

1/3/2012 Finmin said to be keen on retaining excise duty due to buoyancy in collection from brnded clothing. Branded clothi cumulative loss of around Rs 4000 cr, which includes sales going down and discount going up

1/4/2012 India's leading retailers are advancing their annual discounts by up to three weeks facing huge slump in sales since 1/7/2012 US retailers post sales gains, but discounts hurt.

Date Future group(Pantaloon Retail(India)) 11/21/2011 planning to sell non-core assets and focus on its retail business. Exiting life-insurance business 11/26/2011 Pantaloon seen benefiting the most due to incresed FDI limit expectation of further re-rating. Don't expect retailer's fortunes to change soon, say analyst. 11/28/2011

Reliance Retail

Co has no plans to bring in foreign partner. Change in FDI policy won't impact co.

11/29/2011 12/8/2011 Debt/equity 2.74 Interest(cr) 390 EBIT(cr) 587 in dire need of FDI

ingle-brand retail increased to 100% from 51%. Decision is expected to help unclog supply bottelnecks and ease

urrent Rs38k cr because of rising income and greater fashion consciousness among children due to media

ys over 4 crore people.Normal margin is 5%, its 7% for those who offer premium category at firm selling prices and

% of their inputs from domestic micro and small enterprises.

ediate rollback of the govt decision.

rs receive higher prices.

hanges in FDI policy.

liament may start functioning from Wednesday.

m europe have fallen significantly. Orders from Italy and spain have almost become nil.

ear sales. Woodland, Monte Carlo, ITC Wills Lifestyle, Shoppers Stop and Spencer's Retail expect 20-50% jump in

o multi brand retail territory that multinational like Walmart and Tesco are desperate but forbidden from doing so. G and Walmart to create a hybrid retail model that combines the best attributes of public pvt partnership

garments in budget for 2012-13

ection from brnded clothing. Branded clothing to stay expensive. Overall, the industry is expected to have a and discount going up

hree weeks facing huge slump in sales since Diwali.

Carrefour(French retailer)

Shoppers stop

e in FDI policy won't co opened its second wholesale outlet in Jaipur amid protest from local traders. 0.64 18 21.5 In no need of FDI

Trent(Tata groups retail arm)

0.34 3.5 22.3 FDI can ramp up growth but in no dire need of FDI.

Date 12/2/2011 12/3/2011

12/6/2011 12/8/2011 12/9/2011 12/10/2011 12/13/2011 12/14/2011 12/15/2011 12/16/2011 12/20/2011 12/21/2011 12/22/2011 12/23/2011 12/24/2011 12/27/2011 12/28/2011 12/29/2011 12/30/2011 12/31/2011 1/3/2012 1/4/2012 1/5/2012 1/6/2012 1/7/2012 1/10/2012 1/11/2012 1/12/2012 1/13/2012 1/14/2012 1/17/2012 1/18/2012

Yield Total volume Rs crore 8.70% ended down 4 bps 17320 8.65% fall due to speculation of possible CRR cut by RBI and lower growth numbers, which has led many to belive that interest rates have peaked. a possible 1% cut in CRR would release almost Rs55000 cr in system. 8.58% fall due to incresed demand from banks and corporates 8.59% 8.52% due RBI's bond buy back and easing of food inflation. 8.53% 8.45% 8.41% 8.49% 8.49% 8.38% 8.33% 8.28% on speculation that slowing economic growth will prompt RBI to reduce borrowing cost. 8.34% yield down as some traders book profit after three day rally in prices 8.33% drop on hopes that govt will come up with plan to meet fiscal deficit target 8.37% rise as dealer booked profits 8.50% inc due to fears that govt may revise borrowing programme for fiscal year ending march due to lower adv tax collection. 8.48% drop due to growing expectations of a bond buy back by RBI. 8.48% 8.53% prices of bond fell after finmin said govt may boost annual debt sales beyond a current target because of low tax collection. 8.60% Govts borrowing is pressuring the yields upward. 8.39% fall on hopes of an interest rate cut as RBI is likely to begin easing monetary policy. 8.36% fall due to RBI's announcement to buy back upto Rs 120 bn bonds and rate cut hopes. 8.36% 8.33% 8.22% Dip due to bond auction cut off(price) levels were lower than the prevailing mkt rates at the time of bidding. 8.20% 8.23% inc due to underlying expectation that rate cuts were inevitable. 8.23% 8.25% hope that RBI will probably ease monetary policy soon. 8.19% fall due to large buyback by RBI and aggressive buying at a Rs 14000 cr govt bond auction. 8.22% 8.19%

1/19/2012 1/25/2012

8.17% redn on expectation that the RBI will continue debt buy back until march even if policy interest rate not cut immediately. 8.35% on hope that bank may hold back on OMO to buy bonds.

volume Rs crore

Price 100.93

101.385 101.275

8.80% 8.70% 8.60% 8.50% 8.40% 8.30% 8.20% 8.10% 8.00% 7.90% 1 7 13 19 25 31 37 43 49 55 61 67 73 79 85 91 97 103 109 115 121 127 133

Yield

127 133 139 145 151 157 163 169 175 181 187 193 199 205 211 217 223 229 235 241 247 253 259 265 271 277 283 289 295 301 307 313 319 325 331 337 343 349

349 355 361 367 373 379 385 391 397 403 409 415 421 427 433 439 445 451 457 463 469 475 481 487 493 499 505 511 517 523 529 535 541 547 553 559 565 571

565 571 577 583 589 595 601 607 613 619 625 631 637 643 649 655 661 667 673

14

13

12

11

10

12/5/2011 from Dec 1 PPF deposits will earn intt @ 8.6% and 10 yr NSC will Yield 8.7%. 12/7/2011 EPF rates may be slashed to 8.25%

12/8/2011 Higher capital requirements and provisioning norms for MFIs have a limited impact on their profitability- crisil.

12/20/2011 India MFIs will be allowed to raise up to $ 10 mn during a FY through external commercial borrowings for permit

Date SKS 12/6/2011 shares climbed to 5% to Rs108.1 after RBI capped the intt rate that such cos can charge on individual loans @ 26% p.a. 12/8/2011 Co has announced a derisking strategy wherein it plans to significantly prune down exposure, over the years, to micro fin sector. 12/22/2011 co raises FII cap to 74% from 24% at present. sh rose by 5% hit upper circuit.

act on their profitability- crisil.

ommercial borrowings for permitted end users.

Direct tax 12/6/2011 Net DT collection jumped 8.63% to Rs 235333 cr during first eight months of fiscal. 44% of budget estimate is achieved. 12/9/2011 Govt likely to miss tax collection target due to slowdown.

12/10/2011

1/5/2012 Annual growth in NET DT collection slowed to 8.3% during the first nine months of the fiscal year amting to Rs 323955 cr, raising concerns about centre's ability to meet its revenue target 1/11/2012

Indirect tax

Govts earning from stowing excise duty will double to Rs 1100 cr p.a. due to hike in statutory levy on coal dispatches. Excise duty collection drops 6.5% in Nov because of slowing industrial activity. overall IDT collection was up 6.36% at Rs 31082 cr in Nov 2011 as against Rs 29222 cr in the same month last yr.

IDT collections on target despite ups and downs in growth. Grow 16% in Dec. tax collection touch 72% of budgeted Rs 3.79 lakh crore.

12/7/2011 Regus- Most of Indian cos do not have recovery plan for their vital IT-infra.

12/27/2011 Govt plans to create a database to monitor export of services, which account for almost 60% of the country's GD 1/5/2012 sector accounts for around 65% of country's GDP

Date

Cox & Kings (provides visa, passport & consular related service) 12/7/2011 co expanding its global presence with establishment of new regional offices in international location including Beijing, washington DC and Moscow.

r almost 60% of the country's GDP and a large chunk of forex flows.

12/9/2011 Coir Board launches UV radiation proof Coir-mix umbrella. Consist of 80% coir and 20% cotton. Product can find it could cost between Rs 1500 to 2000 per piece.

12/28/2011 for start ups, sorting data is the next big business opportunity. The amount of data generated golbally is increasi

nd 20% cotton. Product can find application in beaches, golf courses and in roadside shops.

ata generated golbally is increasing 40% every year- McKinsey report.

1/9/2012 India's cement making capacity pegged at 479 MT bt 2017. Planning commission working group has projected five year period.

Date

ACC

Grasim Inds

on working group has projected 10% to 11.75% growth in demand, production and installed capacity during

Ambuja cement

12/28/2011 liquor, hotel stocks raise a toast to festive season. Several stocks are up by up to 30%, beating the Sensex which India's hospitality sector amid a rising number of local and foreign tourists.

1/9/2012 New York based Chatwal hotel & Resort LLC will invest $200 mn in India to open more than 50 hotels over nex

Date

Asian Hotels (East)

kamat Hotel

30%, beating the Sensex which was up 3.2% in the past one week. Hoteliers see a tremendous potential in

en more than 50 hotels over next five years

Mahindra Holidays

12/30/2011 Indian business families are sensing an opportunity in healthcare sector.

1/10/2012 a European healthcare chain is close to acquiring a 15% strategic stake in day-care hospital chain Nova Medical's industry is dominated by regional stand-alone clinics. The European partner is expected to be a global leader in I

Small speciality hospitals and centres are acquiring latest equipment and technology, investing a significant port in order to attract high end customers from corporate hospital.

Fortis Healthcare

Apollo hospitals

re hospital chain Nova Medical's In Vitro Fertilisation(IVF) subsidiary. There are no organised IVF players and xpected to be a global leader in IVF segment and will bring global expertise for the local firm.

logy, investing a significant portion of their annual sales in a single machine to specialise in their niche area

Max Healthcare

1/3/2012 1/7/2012 1/10/2012 1/18/2102

$/ounce 1613.4

Gold climbed to highest level in a week on reports that Iran produced its first Gold traders are most bullish in a month as Europe's deepening debt crisis an Gold prices down 16% from a record in september are headed into bear mkt a Duty hike puts gold, silver out of reach of buyers. Diamonds, too, will now att its burgeoning current account deficit.

ports that Iran produced its first nuclear fuel rod, spurring investors to buy gold as safe heaven. urope's deepening debt crisis and increasing tensions over Iran drove the metal to its longest winning streak since Oct. mber are headed into bear mkt at $1300 an ounce this year- Streettalk Advisors. ers. Diamonds, too, will now attract an import duty of 2%: govt hopes to mop up Rs 600 cr more and contain

reak since Oct.

1/2/2012 There are over 116 mn cable TV homes in India of which only 39.5 mn are digital subscriber.

1/31/2012 After june 30 deadline digital set top box is must. The DTH industry will be able to grab 30-70% of the analog ca

2/29/2012 DTH TV operators seek tax reductions. They claim business is becoming unviable, as they cannot bear the burde

Dish TV India

al subscriber.

to grab 30-70% of the analog cable homes across various phases depending on location.

, as they cannot bear the burden of both service tax and entertainment tax.

11/21/2011 Govt to review its decision to cancel coal block license of public sector companies including leading power prod

11/22/2011 Tribunal orders annual hike in power tariffs to avoid big shock once in years. State utilities have cumulative loss

India is heading for huge power deficit in three years as developers have slowed execution of projects worth ab and regulatory obstacles. PSU banks have high exposure to the projects.

11/25/2011 The Petromin has proposed that domestically produced natural gas should not be supplied to power plants that domestic natural gas is available at one third the price of imported LNG. Domestically produced gas is priced at costs upward of $13-14 per mmBtu.

Bids for the 4000 MW ultra mega power project at sarguja in Chhattisgarh may get delayed by at least six month expries in march 2012 and would require fresh approval of Coal Min

12/1/2011 AMC,s have incresed their lending to power generation and transmission cos this year even as analyst warn that Higher yields are luring AMCs. Higher coal prices and poor transmission infrastructure are the only two concerns for power cos.

12/22/2011 A PE fund frm Mauritius and promoted by an Indian has shown intt in investing in a power exchange in India, sp investment in such enterprise.

12/28/2011 Power cos with captive mines, assured supply of fuel may have to cap costs as govt feels power cos with free fu

12/30/2011 govt has decided to award new coal block only to those power firms that quote lower tariffs, a move that is exp electricity rates. PFC, NTPC and REC are likely to launch medium to long term infra bonds in first week of jan to raise 3000-5000 required to invest a major chunk of their corpus in infra bonds.

1/6/2012 Power distb cos fear financial disaster as a recent govt directive allowing industrial consumers to buy electric leaving no room for cheap supplies to farmers and retail consumers.

1/10/2012 Pvt power producers are lobbying hard with the Petromin for reallocation of natural gas currently supplied to no

1/11/2012 Global power cos such as Chinese giant CLP India are putting on hold investment plans in India, where fuel, ta opportunities in less risky places like the middle East and Vietnam. Indian cos are finding it extremely difficult CIL pricing system adds to worry.

1/16/2012 Vallabh Bhanshali, a storied investment banker, has made an unobstrusive but ambitious entry into solar pow

2/18/2012 Cos bidding for new ultra mega power plants may have to bear risk of fuel price fluctuations as the draft bid doc

Date NTPC 11/21/2011 NTPC's incremental fuel requirement over FY12-17E stands at 105 mn tonne. of this , there exist a possibility of 10-12 GW on captive coal blocks. Many projects have been awarded. 12/3/2011

Tata Power

S&P revises cos outlook to 'stable' from positive' on account of rising fuel costs for the upcoming Mundra project. outlook reflects cos cash flow and fin risk profile will not improve as expected also uncertainity over commissioning of some units of Mundra power plant.

12/6/2011

12/21/2011

12/22/2011 12/24/2011

12/27/2011 co installed capacity has gone up to 36014 MW with commissioning of unit 2 of 660 MW of Sipat Super Thermal Power project in Chhattisgarh. 12/28/2011 co will invite expression of interest(EoI) next month for importing coal on a 10-15 years contract from foreign coal producers. It will help co to import coal at a price which is less than spot mkt prices. Co will buy BP Alternative Energy's 51% in solar JV. Post acquisition co would own 100% in solar power company.

12/30/2011 cos Board has approved investment proposal worth Rs 18346.59 cr for two power projects. Investment will be in Karnataka and MP. 1/3/2012

1/4/2012 Co will soon get back the coal blocks that were deallocated by the cent govt, but they will have to develop the fields within two years. 1/9/2012

Co's first 800 MW unit of Mundra Ultra Mega power project has started power generation. Co has five such units at Mundra.

2/14/2012 The power min asked co to scale up coal production from the blocks that have been re-allocated by coalmin to power generator.

es including leading power producer NTPC and Damoda Valley corp(DVC)

te utilities have cumulative loss of Rs 80000 cr to Rs 116000 cr in next three yrs. execution of projects worth about Rs 150000 cr due to uncertainity over availability of fuel, land and water

be supplied to power plants that do not sell electricity to state run power utilities at regulated rates. tically produced gas is priced at $4.20 per million British thermal units, while imported gas in its liquid form

get delayed by at least six months as validity of coal excavation from the mines allocated for the project

s year even as analyst warn that bleak sectoral outlook has increased risk of payment default.

ns for power cos.

in a power exchange in India, sparking off the debate whether govt needs to clarify rules on foreign

ovt feels power cos with free fuel supply are profiting at the cost of consumers & distribution firms.

lower tariffs, a move that is expected to revive the flow of funds to sector and consumers from spiralling

week of jan to raise 3000-5000 cr each,. The move is aimed at tapping pension funds, which are amndatorily

strial consumers to buy electricity directly from generators and traders will wipe out a third of their revenue

ural gas currently supplied to non core users like refineries and steel plants to their units.

nt plans in India, where fuel, tariff and land acquisition problems have jammed sector and are considering are finding it extremely difficult to supply power at fixed rate.

ambitious entry into solar power plans to invest Rs 1700 cr in setting up generation capacity of 100 MW.

fluctuations as the draft bid documents have not provided for tariff adjustments.

Pow grid

Rel pow

ABB

Asian Development bank would provide Rs250 cr loan to co for its solar energy project in Rajasthan. The project is expected to be completed by 2nd qtr of 2012. Indias solar energy potential is one of the highest in the world. co may not get to use surplus coal from Sasan mines as Power min wants to hand over surplus coal to CIL arm at a govt determined price. It would hurt cos planned 4000-mw Chitrangi project.

co secured contract worth more Rs 4000 cr from Power grid corp ultra high voltage direct current(U transmission system. Share jump

Co is planning to enter in JV with energy giant Shell to set up India's first eastcoast LNG terminal to fuel factories and power plants that are lookin at imports as output from D6 block has fallen

State-run Northern coalfields(NCL) has agreed to surrender land required to mine two blocks attached to Sasan ultra mega power plant to co giving the co access to 58 mn tonnes of coal worth Rs 6264 cr at current prices

co secured contract worth more than Rs 4000 cr from Power grid corp to deliver ultra high voltage direct current(UHVDC) transmission system. Share jumped 3.5%

Cos with maximum revenue from domestic consumption. No of outlets/branches. in case of banks NPA ratio, loan book demographic presence of co across the Glob. main products, competitors. projects of co major inputs of co, their prices. dependence on external borrowing, cash generating capacity i.ec cash flows advance tax payment by co. dividend payment by co , dividend payout, dividend yield. special dutyies on cos product.

future, may happen

good news

bad news