TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

Nifty futures/Bank Nifty futures market closed on 7974 / 17235 . According to technical analysis if Nifty futures
and Bank Nifty future moves down-word in tomorrow treading session then 7920 will be small support for Nifty
futures and 17057 will be small support for Bank Nifty futures. If it break this level then then Nifty futures can go
down to 7775 level and Bank Nifty futures can touch 16747 level in next few days. It will be hard support for
Nifty futures and Bank Nifty futures. Meanwhile in up trend there is small resistance on 8048 for Nifty futures and
17515 is for Bank Nifty futures after breaking this level with volume there is big resistance for Nifty futures on
8117 and 18043 for Bank Nifty futures.

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )

NIFTY
DAILY

R2
8242

R1
8072

PP
7987

S1
7902

S2
7732

WEEKLY

R2
8921

R1
8257

PP
7925

S1
7593

S2
6923

MONTHLY

R2
8921

R1
8257

PP
7925

S1
7593

S2
6923

DAILY

R2
18218

R1
17608

PP
17303

S1
16998

S2
16388

WEEKLY

R2
19858

R1
18058

PP
17158

S1
16258

S2
14458

MONTHLY

R2
19858

R1
18058

PP
17158

S1
16258

S2
14458

BANK NIFTY

MOVING AVERAGE

21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

7837

8130

8228

8395

BANK NIFTY

16835

17654

17969

18420

PARABOLIC SAR

DAILY

WEEKLY

MONTHLY

NIFTY
BANK NIFTY

7705
16660

8407
18515

8742
20335

NSE EQUITY DAILY LEVELS

COMPANY NAME

R3

R2

R1

PP

S1

S2

S3

ACC

EQ

1409

1386

1374

1363

1351

1340

1317

ALBK
AMBUJACEM
ASIAN PAINT
AXISBANK
BAJAJ-AUTO
BANKBARODA
BANKINDIA
BHEL
BHARTIARTL
CIPLA
COALINDIA
DLF
DRREDDY
GAIL
GRASIM
HCLTECH
HDFC
HDFCBANK
HEROMOTOCO
HINDALCO
HINDUNILVR
ICICIBANK
ITC
INDUSIND BANK
INFY
JINDALSTEL
KOTAKBANK
LT
M&M
MRF
MARUTI
ONGC
ORIENTBANK
RCOM
RELCAPITAL
RELIANCE
RELINFRA
RPOWER
SBIN
SSLT( VEDL)
SUNPHARMA
TATAMOTORS
TATAPOWER
TATASTEEL
UNIONBANK

EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ

82
217
867
521
2395
192
1153
219
348
673
339
147
4344
332
3670
1028
1288
1103
2573
74
850
282
344
997
1250
64
676
1546
1327
43411
4925
243
141
77
399
896
372
47
242
91
930
229
68
223
187

79
213
854
509
2352
187
1110
210
343
655
333
141
4284
315
3602
948
1247
1085
2500
73
834
275
337
975
1213
62
660
1514
1292
42586
4774
237
137
73
386
881
361
45
244
88
908
223
67
217
181

77
211
847
502
2333
184
1084
205
341
644
330
137
4258
304
3565
902
1222
1076
2456
72
825
271
333
966
1193
61
650
1502
1271
42122
4677
234
134
71
379
872
354
44
239
85
899
221
66
215
177

75
209
841
496
2308
182
1068
201
338
638
327
135
4224
298
3533
868
1207
1067
2428
71
818
268
330
953
1176
60
644
1482
1257
41761
4623
231
132
69
374
865
350
43
237
84
886
217
65
212
175

73
207
834
490
2290
179
1042
196
336
627
325
131
4198
287
3497
823
1181
1059
2383
70
809
264
326
944
1156
59
634
1470
1236
41297
4526
228
130
67
367
857
343
42
232
81
877
2125
65
209
171

72
205
828
484
2265
177
1026
192
333
620
321
129
4164
281
3465
788
1166
1050
2355
69
802
261
323
931
1139
58
628
1450
1222
40936
4472
225
129
65
361
850
339
42
229
80
864
212
64
207
169

69
200
815
471
2222
172
984
183
328
602
316
123
4104
264
3396
709
1125
1032
2282
67
786
254
316
909
1102
56
612
1418
1187
40111
4321
219
127
61
349
834
328
40
222
76
842
206
63
202
163

TOP 15 ACHIEVERS
SR.NO

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

SCRIPT NAME

PREV
CLOSE

CMP

HEG LTD
BHARTI INFRATEL

137.95
355.20

155.70
397.40

EIH LTD
SHAKTI PUMPS

97.85
140.20

105.20
147.80

LAKSMI VILAS BANK 84.60

RAMCO INDUST
113.10

89.00
118.80

ULLTRATECH
CEMENT
BHARAT RASAYAN

2673.40
877.05

2773.45
909.70

LUPIN LTD
GATI LTD

2034
138.65

2108.85
143.15

TITAN
FUTURE RETAIL

317.85
121.80

327.25
125.25

SUN PHARAMA
CHAMBAL FERTILIS

868.40
58.65

891
60.10

KAYA L

1021.10

1045.80

//
% CHANGE

SR.NO

+12.87

+11.88

+7.51

+5.42

+5.20

+5.04

+3.74

+3.72

+3.68

+3.25

10

+2.96

11

+2.83

12

+2.60

13

+2.47

14

+2.42

15

TOP 15 LOOSERS
SCRIPT NAME

PREV CLOSE

INFOTECH

CMP

% CHANGE

271.40
TVS ELECTRONICS 114.60

207.85
99.60

-23.42
-13.09

GUJARAT GAS
BOSCH LTD

553.90
21595

486.50
19306

-12.17
-10.60

TATA MOTORS
331.70
HINDALCO INDUS 78.10

297.75
70.90

-10.24
-9.22

HCL
944
TECHNOLOGY
DISH TV INDIA LTD 116.35

857.05
106.35

-9.21
-8.59

ADANI POSRTS
JINDAL STEEL

305.05
60.15

-8.37
-7.75

RUCHI SOYA
34
APOWER FINANCE 244.10
CO

31.40
226.35

-7.65
-7.27

BANK OF INDIA
ARVIND LTD

143.55
291.15

134.35
272.55

-6.41
-6.39

TATA STEEL

226.45

212.25

-6.27

332.90
65.20

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION )

1.

ZEEL NSE FUTURE : ZEEL FUTURE OPEN AT 394 CLOSE AT 400.95 MADE HIGH OF 403.35
AND LOW OF 386.05.ON DAILY CHART OF ZEEL MOVES IN UPWARD DIRECTION. WE CAN
MADE LONG POSTION IN ZEEL FUTURE ABOVE THE LEVEL OF 401 TGT 410 SL 395.

2.

BHEL NSE FUTURE : BHEL FUTURE OPEN AT 207.90 CLOSE AT 200.40 MADE HIGH OF 208.15
AND LOW OF 199.50 ON DAILY CHART OF BHEL BEARISH MOVEMENT CAN WE SEEN WE
CAN MADE SHORT POSTION IN BHEL FUTURE BELOW 198 TGT 190 SL 204.

3.

IDEA NSE FUTURE : IDEA OPEN AT 149.95 CLOSE AT A149.85 MADE HIGH OF 153.50 AND
LOW OF 147.30 ON DAILY CHART OF IDEA FUTURE SHOW BULLISH MOVEMENT. WE CAN
MADE LONG POSITION IN IDEA AT LEVEL OF 150 TGT 158 SL 146.

4.

LUPIN NSE FUTURE : LUPIN OPEN AT 2060 CLOSE AT 2110 MADE HIGH OF 2131 AND LOW
2043.LUPIN SHOWS BULLISH MOVEMENT ON DAILY CHART WE CAN MADE LONG
POSTION IN LUPIN ABOVE THE LEVEL OF 2110 TGT 2200 SL 2040.

5.

INDUSIND BANK NSE FUTURE : INDUSIND BANK OPEN AT 951 CLOSE AT 955 MADE HIGH

OF 961 AND LOW OF 942.INDUSIND BANK SHOW BULLISH TREND ON DAILY CHART WE
CAN MADE LONG POSTION IN IT ABOVE THE LEVEL OF 960 TGT 1020 SL 930.
6.

WOCKPHARMA NSE CASH : WOCKPHARMA GAINED 11% LAST WEEK AND MADE
WEEKLY

HIGH OF 1549. IF IT CONTINUOUS TO TRADE ABOVE 1550 LEVEL THEN A

MOMENTUM RALLY CAN BE SEEN. LONG POSITION CAN BE MADE ABOVE 1552 FOT THE
TARGET OF 1640 WITH STOP LOSS OF 1462.
7.

CAIRN NSE CASH : CAIRN GAINED 7% ON WEEKLY BASIS AND MADE HIGH OF 155.40. IF
IT BREAKS THIS LEVEL THE FURTHER UPSIDE IS EXPECTED UPTO 168 LEVEL.

8.

LONG POSITION CAN BE MADE ABOVE 157.50 FOR THE TARGET OF 168 WITH STOPLOSS
OF 147.

9.

INFRATEL NSE CASH : INFRATEL SHOWED UPWARD MOMENTUM ON LAST TRADING

SESSION AND GAINED 12%, THE RALLY IS EXPETED TO BE CONTINUE FOR THE LEVEL OF
435. LONG POSITION CAN BE MADE ABOVE 406 FOR THE TARGET OF 435 WITH STOPLOSS
OF 379.50.

10. INDIACEM NSE CASH : INDIACEM GAINED 6% AND MADE HIGH OF 82.90. LONG POSITION
CAN BE MADE ABOVE 85 FOR THE TARGET OF 94 WITH SL OF 76.
11. FRL NSE CASH : FRL CAN SHOW UPWARD MOMENTUM UPTO THE LEVEL OF 138 ,LONG
POSITION CAN BE MADE IN IT ABOVE THE LEVEL OF 128 FOR THE TARGET OF 138 WITH
THE SL OF 116.
12. NIFTY OPTION : ACCORDING TO TECHNICAL ANALYSIS WE CAN MAKE SHORT POSITION
IN NIFTY SO IN OPTION SEGMENT BUY NIFTY 8100 PUT OPTION ABOVE 180 TGT 300 SL 130

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK

Corporation Bank approves issuance of over 15.66 crore shares; stock flat - Corporation
Bank

is currently trading at Rs. 43.9, down by 0.57% from its previous closing of Rs. 44.15 on

the BSE.The bank approved issuance of over 15.66 crore shares on preferential basis to
government valued at about Rs. 857 crore. The scrip opened at Rs. 44.6 and has touched a high
and low of Rs. 44.6 and Rs. 43.6 respectively. So far 10782 shares were traded on the counter.
The current market cap of the company is Rs. 3698.45 crore. The BSE group 'A' stock of face
value Rs. 2 has touched a 52 week high of Rs. 78.9 on 22-Jan-2015 and a 52 week low of Rs.
43.6 on 07-Sep-2015. Last one week high and low of the scrip stood at Rs. 46.35 and Rs. 44
respectively. The promoters holding in the company stood at 63.33 % while Institutions and
Non-Institutions held 29.37 % and 7.3 % respectively. The stock is currently trading above its
200 DMA.
Colgate-Palmolive issues bonus shares; stock flat - Colgate-Palmolive Ltd is currently
trading at Rs. 947, down by 0.17% from its previous closing of Rs. 948.65 on the BSE. The
company said its shareholders have approved issuance of bonus shares in the ratio of 1:1. The
scrip opened at Rs. 946.5 and has touched a high and low of Rs. 947.45 and Rs. 935.4
respectively. So far 3914 shares were traded on the counter. The current market cap of the
company is Rs. 25801.92 crore. The BSE group 'A' stock of face value Rs. 1 has touched a 52
week high of Rs. 1099.25 on 15-Apr-2015 and a 52 week low of Rs. 810 on 26-Sep-2014. Last
one week high and low of the scrip stood at Rs. 1000 and Rs. 928 respectively. The promoters
holding in the company stood at 51 % while Institutions and Non-Institutions held 25.76 % and
23.24 % respectively. The stock is currently trading above its 100 DMA.
RBI cuts FY16 GDP growth target to 7.4% - RBI Governor Raghuram Rajan in his
speech said that the modest pick-up in the growth momentum in the first half of 2015-16
benefited from soft commodity prices, disinflation, comfortable liquidity conditions, some
de-clogging of stalled projects, and higher capital expenditure by the central government.
Underlying economic activity, however, remains weak on account of the sustained decline in
exports, rainfall deficiency and weaker than expected momentum in industrial production and
investment activity. With global growth and trade slower than initial expectations, a continuing
lack of appetite for new investment in the private sector, the constraint imposed by stressed

assets on bank lending and waning business confidence, output growth projected for 2015-16 is
marked down slightly to 7.4 per cent from 7.6 per cent earlier. Concurrent indicators also
suggest that the new GDP series shows higher growth than would the old series, which
necessitates recalibrating old measures of potential output and the output gap to the new series.
GR Infraprojects to raise Rs. 400 cr via IPO - GR Infraprojects Ltd. is reportedly
planning to raise ~Rs. 400 crore through an initial public offering to fund its growth and
provide exit route to some PE investors. The company has recently appointed 3-4 investment
banks to manage the process, according to a business daily. The Delhi-based infrastructure
company is involved in engineering, procurement and construction services for highways,
flyovers, bridges, buildings, air-field development, road upgradation, etc. Motilal Oswal Private
Equitys India Business Excellence Fund and IDFC Investment Advisors are looking to
partially sell their holdings through the IPO, the newspaper reports. India Business Excellence
Fund and IDFC Investment Advisors hold 9.9% and 5.9% stake in GR Infraprojects,
respectively. GR Infraprojects has ~1,887 lane km of NHAI projects under development worth
over Rs. 3,000 crore, and this year they have won orders worth over Rs. 2,000 crore.
Rajan plays Santa, cuts repo rate by 50 basis points to 6.75% - Acceding to the growing
voices for a rate cut from the Indian industry at large and perhaps exceeding their expectations,
Reserve Bank of India, in its fourth bi-monthly monetary policy of the current fiscal, has cut
the repo rate by 50 basis points to 6.75%, its lowest since May 2011. The cash reserve ratio,
currently at 4 per cent, expectedly was kept the same.
The RBI said in its statement that since the third bi-monthly statement of August 2015, global
growth has moderated, especially in emerging market economies, global trade has deteriorated
further and downside risks to growth have increased. In the United States, industrial production
slowed as capital spending in the energy sector was cut back and exports contracted, weighed
down by the strength of the US dollar. Consumer spending stayed buoyant, however, amidst
steadily improving labour market conditions. In the Euro area, a fragile recovery strengthened,
supported by domestic consumption, less slack in the labour market and improving financial
conditions engendered by ultra-accommodative monetary policy.
Due to a consistent downtrend in the consumer inflation in the recent months, the conditions
were right for the rate cut. The earlier monetary policy statement from RBI had reiterated that
the interest rate trajectory will be influenced by inflationary scenario, transmission of policy
action and exogenous variable of US Fed policy. Indias retail inflation for August slowed to

3.66%, when compared with the reading of 3.69% during the prior month. Earlier, the
government reported that wholesale prices contracted for the tenth consecutive month. WPI
inflation for August was reported at -4.95%.
A Reuters poll last week had majority of economists rooting for the rate cut. However, since the
monsoons have not been kind and have fallen below their long-term average, a pause in
expected in any further rate cut.
Reliance Mutual Fund launches Fixed Horizon Fund XXIX-Series 9 - Reliance Mutual
Fund has introduced the Reliance Fixed Horizon Fund XXIX-Series 9, a close ended income
scheme. The NFO opens for subscription on September 29, 2015 and closes on September 30,
2015. No entry load and exit load will be applicable for the scheme. The minimum subscription
amount is Rs .5,000 and in multiples of Re 1 thereafter. The schemes performance will be
benchmarked against Crisil Composite Bond Fund Index and its fund manager is Amit Tripathi.
The schemes investment objective is to generate returns and growth of capital by investing in a
diversified portfolio of the following securities maturing on or before the date of maturity of
the scheme with the objective of limiting interest rate volatility of Central and State
Government securities and other fixed income/ debt securities.
Jaiprakash Associates to sell 49 MW Wind Power Plants - Jaiprakash Associates has
approved the proposal to divest Company's Wind Power Plants in Maharashtra and Gujarat,
having an aggregate capacity of 49 MW, on slump sale basis. The stock is currently trading at
Rs. 11.38, up by 0.25 points or 2% from its previous closing of Rs. 11.13 on the BSE. The scrip
opened at Rs. 11.25 and has touched a high and low of Rs. 11.64 and Rs. 11.21 respectively. So
far 16669371shares were traded on the counter. The current market cap of the company is Rs.
2707.32 crore. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs.
35.1 on 19-Nov-2014 and a 52 week low of Rs. 7.95 on 25-Aug-2015. Last one week high and
low of the scrip stood at Rs. 12.08 and Rs. 10.25 respectively. The promoters holding in the
company stood at 39.38 % while Institutions and Non-Institutions held 28.07 % and 32.55 %
respectively.
NMDC may invest Rs. 4,000 cr to achieve 100 MTPA of iron ore production - At its 57th
Annual General Meeting, held on September 29 at Hyderabad, the state-run NMDC Ltd has
earmarked plans to invest Rs. 40,000 crore in the next 8 years to achieve a target of 100 million
tonnes per annum of iron ore production from the current levels of around 30 MTPA. In
addition, the mineral development major is also geared up for setting up a small glod refinery

in Tanzania. In oder to meet the target of 100 MTPA, we have earmarked an investment to the
tune of Rs. 4,000 cr in next 8 years. It will be utilised for developing new mines, steel plant,
Legacy Iron ore company and Slurry Pipe line 9 from, among others," Narendra Kothari,
Chairman and Managing Director, NMDC Ltd told on the sidelines of the AGM. The company
has spent Rs. 7,730 crore till last month on the upcoming 3 MTPA Steel Plant in Nagarnar in
Chhattisgarh. The total project cost is Rs. 15,500 crore, added Kothari. On BSE, shares of
NMDC Ltd closed at Rs. 91.55 on September 29. It opened lower at Rs. 93.30 as against its
previous close of Rs. 93.60 and sliped to a low of Rs. 91.20 during the session. Nearly, 3.36 lk
shares changed hands on BSE.
Reliance Jio raises Rs. 3,500 crore - Reliance Jio Infocomm has raised Rs.3,500 crore by
issuing non-convertible debentures through private placement, according to reports. The
company reportedly said that the redemption date for 5-years debentures is January 21, 2020
and for 10-years debentures is January 21, 2025. The company said it had submitted a
disclosure document on July 30 this year for 35,000 secured redeemable non-convertible
debentures of the face value of Rs 10,00,000 each.
BANKING NEWS
Acceding to the growing voices for a rate cut from the Indian industry at large and perhaps
exceeding their expectations, Reserve Bank of India, in its fourth bi-monthly monetary policy
of the current fiscal, has cut the repo rate by 50 basis points to 6.75%, its lowest since May
2011. The cash reserve ratio , currently at 4 per cent, expectedly was kept the same.Following
the repo rate cut by the Reserve Bank of India, public sector lender Bank of India this evening
announced reduction in its minimum lending or base rate by 25 basis points to 9.70 per cent
from 9.95 per cent, effective October 5.
Following the repo rate cut by the Reserve Bank of India, public sector lender Bank of India
this evening announced reduction in its minimum lending or base rate by 25 basis points to
9.70 per cent from 9.95 per cent, effective October 5.
Flagging cyber security as a critical area, RBI today said it will set up an IT subsidiary to deal
with newer risks and vulnerabilities emerging from greater use of technologies.
Within couple of hours of rate cut by the Reserve Bank, country's largest lender SBI slashed its
lending rate by 0.40 per cent, while the largest private sector lender ICICI Bank hinted at

cutting its base rate by at least 0.25 per cent.

State Bank of Bikaner and Jaipur today launched "MUDRA card" under Pradhan Mantri Mudra
Yojna to provide easier credit facilities to micro units started by entrepreneurs engaged in
non-farm activities, its official said here.

Top Economy news

The BJP-led government in Maharashtra decided to increase VAT on petrol and diesel, gold,
diamonds jewellery, cigarettes, alcohol and soft drinks from October 1 for next five months. It
has hiked VAT by 5% on cigarettes, alcohol, soft drinks while VAT has been increased to 1.20%
from 1% on gold and diamond jewellery.
The domestic gas price for the October 2015 to March 2016 period will be about 18% less than
the prevailing prices, according to a Government notification issued. The revised price as per
the formula approved in November last year will be USD3.82 per mBtu on a gross calorific
value basis.
Reserve Bank of India cut the repurchase, or repo rate by a higher-than-expected 50 basis
points to 6.75%, the lowest the key interest rate has been in four years.
The Reserve Bank lowered its inflation projection to 5.8% for January 2016 and said it will aim
to bring it down further to 5% by the end of next financial year. RBI had earlier projected
inflation at 6% by January.
The government is likely to give incentives to sugar mills to pay cane growers, government and
trade sources said, as part of efforts to help sugar companies saddled with large stocks and
lower prices. Sugar mills owe Rs120bn to cane growers, as sugar prices have fallen more than
20%.
Nitin Gadkari in letter written to the State Government has expressed the Centres willingness
to States request to convert roads connecting Anantapur with the new capital city of Amaravati
via Kurnool on the National Highway 65, spanning a stretch of 452 km at an investment of
Rs10bn.

Nearly 300,000 plantation workers, employed in different estates in Kerala, began an indefinite
strike to demand a wage hike and 20% bonus. Workers from all plantations including tea,
rubber, coffee and cardamom are participating in the strike, CPI-M state secretary and AITUC
leader Kanam Rajendran said.
The Odisha government will spend over Rs40bn on the IT and IT-enabled services sector in
next 5 years to create more than 100,000 jobs, Chief Minister Naveen Patnaik said.

Top Corporate News

Videocon Industries said that it has no plans to convert its loans into equity and is, in fact,
paying all its loans in time. The company had sought shareholders approval for a conversion of
loans into equity in an Extraordinary General Meeting to be held in October as an enabling
provision which led to speculation that it is converting its loans.
Essar Ports said shareholders have approved its proposal to raise up to USD1bn through
securities from domestic and international markets to fund expansion plans.
Castex Technologies Ltd, which is being investigated by capital market regulator Sebi over
possible rigging of share price, said it has completed conversion of its USD70mn FCCB into
equity.
Capital First Ltd plans to raise Rs3.50bn from International Finance Corporation through
subscription to the company's secured non-convertible debentures.
Sun Pharma said the US Food and Drug Administration has denied its application for approval
to launch a new anti-epilepsy drug, citing manufacturing quality issues at its production site.
Sterling Holiday Resorts Limited, a wholly owned independently managed subsidiary of
Thomas Cook Limited, has won a bid to build a 3-star resort property at the proposed
eco-tourism hub in Jalpaiguri, West Bengal. The company plans to build a 50-70 room
eco-resort spread over a three-acre land with an investment of about Rs250-300mn.
Buoyed by its 106% jump in profit, aluminium giant Nalco is all set to invest over Rs650bn to
launch projects in the country and abroad, besides undertaking expansion and diversification
into power and mining sectors in a big way.
NTPC's 4,000-MW Lara thermal project in Chhattisgarh will go on stream by March 2017,
with a likely commissioning of its first 800-MW unit.
As it prepares to launch its banking services, IDFC Bank is contemplating not having its own
ATMs and making transactions at rivals' ATMs free for customers, a senior official said.
ITC Ltd has announced launching of grease-resistant paper boards. The paper boards and
specialty papers division of the company announced that it developed the foodgrade paper
board variety targeting the food industry particularly the quick service restaurant chains and
sweet shops.

Bharat Heavy Electricals Ltd said it has commissioned a 250 MW coal-based thermal power
unit at Sikka in Gujarat.
IndianOil has embarked on a programme to ensure that all its fuel outlets in the country are
fully automated in five years. The Corporation has about 25,000 petrol pumps of which 8,800
are automated.
Jaypee Infratech, the developer and operator of the Yamuna Expressway, has defaulted on its
payment to lenders. Following the delay in payment, ratings firm Care has downgraded the
rating on the company's Rs13bn bonds and a term loan of Rs65.50bn to Care D, or default
category.
Lanco Infratech Ltd has entered into two power purchase agreements and restructured
financials for three other projects. According to T Adibabu, Chief Operating Officer, Finance,
Lanco Infratech, These are significant developments giving clear visibility to the completion
of projects costing almost Rs400bn. With the commissioning of these plants, the company will
have a consolidated operating power capacity of around 8000 MW by FY18.
Larsen & Toubro said its arm L&T Construction has bagged orders worth Rs15.09bn so far
this month.
Dr Reddy's Laboratories has launched the generic version of Astrazeneca's Nexium, used to
treat acid reflux, in the US market.
Gammon India has received a huge order from the NHAI. The company has secured an
engineering, procurement and construction order for four laning of Udhampur to Ramban
Section of NH-1A in the State of Jammu & Kashmir under NHDP Phase-II, the company said
in a release. The project is valued at Rs17.09bn.
Indian Hume Pipe has secured orders worth of Rs12.31bn for Telangana Water Grid project in
respect of Telangana Drinking Water Supply Projects of Mahabubnagar and Nizamabad
districts from Rural Water Supply and Sanitation Department, Government of Telangana.
Neyveli Lignite Corporation Limited , which comes under Ministry of Coal, to set up solar
power plants to produce 4000 mega watt of power. Going by the current value the whole
project will attract investment to the tune of Rs280-300bn.
Jaiprakash Power Ventures Ltd said its shareholders have approved Rs10bn investment in its
subsidiary PPGCL for setting up a 1,980 Mw thermal power plant.
Lenders of Amtek Auto have agreed to give additional funds to the troubled auto
component-maker but have asked the promoters to bring in some equity first.
ABB, has energised the first pole of the North-East Agra 800 kilovolt ultra-high voltage direct
current transmission link, which will supply clean hydropower from northeastern India to a
nodal substation in Agra and from there, feed it across north India.
Suzlon Energy said it has completed the commissioning of 100.8 Mw wind power turnkey
project for CLP India. The project is located at Tejuva, Jaisalmer in Rajasthan.
Crompton Greaves said it has bagged a EUR17mn order from Spanish utility Gas Natural
Fenosa for supplying ZIV single and three phased smart meters.

Power Grid Corporation of India completed the construction and started power supply in its
first 'Power Transmission Express Highway' or the longest HVDC power transmission corridor
connecting northern states with north eastern region. The corridor would facilitate to and fro
power supply as per seasonal demand and supply position.
NMDC Limited is planning to set up a small gold refinery in Tanzania next year.
Shree Renuka Sugars said its Brazilian subsidiary has filed for bankruptcy protection as its
operations were hit by a crash in sugar prices in the last two years.
Zee Entertainment Enterprises Limited will launch a new television channel, Zee Magic, for
French audiences in Africa.
Hero MotoCorp unveiled two scooter models, developed on its own, as it aims to consolidate
its position in the fast growing segment. Maestro Edge, which is priced between Rs 49,500 and
Rs 50,700will go on sale from October 13. The roll out of the second model Duet would follow
thereafter.
Suzlon Energy said it has completed the commissioning of 100.8 Mw wind power turnkey
project for CLP India. The project is located at Tejuva, Jaisalmer in Rajasthan.
India's largest lender, State Bank of India has cut base rate by 40 basis points to 9.3%, making
it lowest in the country.
Videocon Industries Ltd has bolstered its product line with a new range of energy efficient
air-conditioners, refrigerators and washing machines, while upgrading its television line-up
with liquid luminous range.
SRS Group, which is foraying into the pharmacy segment, plans to open around 300 drug
stores over the next three to five years in the country.
Nestle India has ended its contract with the lone third party producer of its Maggi instant
noodles, SAJ Food Products, which means the Swiss food giant will no longer outsource
production of the popular snack brand that was recently recalled on safety concerns.
Debt-ridden infrastructure firm Lanco Infratech has temporarily shelved asset disposal plans
but would sell at least 3,000MW of power assets in FY18 fetching an enterprise valuation of
Rs250bn to help retire a debt of around Rs 180bn.

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