TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

NIFTY FIFTY : The Market has started flat on Tuesday but soon gained strenght. The
Nifty hit 7500, up 16.55 points. Most Asian markets were trading lower , We have seen a
big move in markets in a very short period of time. With some choppiness, and the kind of
intraday pullbacks we have had in the past couple of days, there is a good chance that we
will see higher levels. it is looking at rallies that possibly heading towards 7,680-7,700
level. Emerging Market and commodity currencies were supported by recovery of crude
oil prices, The US market higher on crude price recovery. The Rate cut action by RBI is
also anticipated after the government achieved the fiscal deficit target, China's February
exports data release disappointed. market expectations, falling 25.4 per cent from a year
earlier. The European Central Bank on Thursday cut its main refinancing rate to zero from
0.05 percent and increased monthly asset buys to 80 billion euros from 60 billion
euros.The trend for Nifty is seem bull the crucial level for Nifty will be 7680 Upside and
7420 in down side.

BANK NIFTY : - The Bank Nifty opened lower on Monday at 15323 down by 16 points
or 0.19 %. The Reserve Bank of India could slash repo rates yet again in its scheduled
policy review meet, or a rate cut prior to the meeting could well, lie in the offing. The
Europe Central Bank stimulus in the form of rate cuts further into negative territory and
higher than expected increase in bond buying programme. The rating agency CRISIL
downgraded the Public Sectors Banks, expectation that the asset quality problems being
faced by PSBs will remain acute and continue through most of the next fiscal. The
Resistance for Bank Nifty is 15489-16117 and Support for Bank Nifty is 14860-14620.

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )

NIFTY
DAILY

R2
7750

WEEKLY

R2
7849

MONTHLY

R2
8877

R1

PP

S1

S2

7586

7504

7422

7258

R1

PP

S1

S2

7611

7492

7373

7135

R1

PP

S1

S2

7867

7362

6857

5847

Monday, 14 March 2016

BANK NIFTY
DAILY

R2
16117

WEEKLY

R2
16213

MONTHLY

R2
19040

R1

PP

S1

S2

15489

15175

14861

14233

R1

PP

S1

S2

15513

15163

14813

14113

R1

PP

S1

S2

16276

14894

13512

10748

MOVING AVERAGE

21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

7248

7388

7659

7944

BANK NIFTY

14422

15254

16222

17109

PARABOLIC SAR

DAILY

WEEKLY

MONTHLY

NIFTY

7140

7590

8083

BANK NIFTY

14243

16088

18633

PATTERN FORMATION ( NIFTY )

Detail of Chart On the Above given weekly chart of Nifty Applied Bollinger Band along with Parabolic
SAR. and the Bollinger Band is in the spread range it has break the Upper band of the
Bollinger Band and after breaking the level it has made the double bottom last week and
break the and now it is the channel line also and reverse in the bear trend which is
indicating the bear movement for the Nifty the crucial Support for Nifty is 7422-7250 and
the Resistance for Nifty is 7580-7750 , if the Nifty is able to Range-bound the level of
7500 we may witness the bull movement and if it is not able to hold the crucial level of
7500 we may witness Bear movement for next week.

PATTERN FORMATION ( BANK NIFTY )

Details of ChartOn the Above given weekly chart of Bank Nifty Applied Bollinger Band along with
Parabolic SAR. and the Bollinger Band is in the spread range it has break the Upper band
of the Bollinger Band and after breaking the level it has made the double bottom last
week and break the and now it is the channel line also and reverse in the bear trend which
is indicating the bear movement for the Nifty the crucial Support for Bank Nifty is 1480014650 and the Resistance for Nifty is 16100-15600 , if the Bank Nifty is able to Sustain
the level of 15200 we may witness the bull movement and if it is not able to hold the
crucial level of 15000 we may witness Bear movement for next week.

NSE EQUITY DAILY LEVELS

COMPANY NAME
ACC
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
INFY
BANK
JINDALSTEL
KOTAKBANK
LT
M&M
MRF
MARUTI
ONGC
ORIENTBANK
RCOM
RELCAPITAL
RELIANCE
RELINFRA
RPOWER
SBIN
SSLT( VEDL)
SUNPHARMA
TATAMOTORS
TATAPOWER
TATASTEEL
UNIONBANK

R2
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
EQ

1248
53
204
909
427
2363
145
96
106
340
542
329
115
3249
349
3658
833
1179
1041
2857
86
874
221
326
941
1162
69
667
1217
1242
35331
3723
209
90
53
375
1028
515
47
184
91
880
377
60
302
127

R1

PP

S1

S2

1237
52
202
904
419
2342
143
95
105
339
537
324
111
3233
345
3620
829
1169
1034
2832
85
865
217
324
933
1151
66
655
1202
1230
35016
3682
207
89
53
373
1024
512
47
183
90
876
372
60
299
125

1228
51
201
897
414
2326
140
93
103
336
534
320
106
3205
340
3592
820
1158
1024
2814
83
848
215
319
926
1145
64
648
1186
1223
34482
3649
206
88
53
372
1022
510
47
183
89
872
365
59
297
124

1217
50
199
892
406
2305
138
92
102
335
529
315
102
3189
336
3554
816
1148
1017
2789
82
839
211
317
918
1134
61
636
1171
1211
34167
3608
205
87
52
370
1018
507
47
182
88
868
360
59
294
122

1208
49
198
885
401
2289
135
90
100
332
526
311
97
3161
331
3526
807
1137
1007
2771
80
822
209
312
911
1128
59
629
1155
1204
33633
3575
204
86
52
369
1016
505
46
181
87
864
353
58
292
121

TOP 15 ACHIEVERS

SR.NO

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

PREV
CLOSE

SCRIPT NAME

CMP

//

CAIRN INDIA LTD.

126.10

149

+18.16 %

TATA MOTORS LTD.

317.10

367.80

+15.99 %

VEDANTA

78.15

89.15

+14.08 %

TATA STEEL

267.55

297.60

+11.23 %

BOSCH LTD.

16875

18360

+8.79 %

ADANI PORTS

218.80

237

+8.34 %

BHEL

97.10

104.90

+8.03 %

YES BANK LTD.

755.25

807.40

+6.90 %

HDFC

1099

1171

+6.58 %

GAIL (INDIA) LTD

324.40

345.65

+6.55 %

DR. REDDYS LABS

3015

3204

+6.29 %

ONGC

194.95

206.40

+5.87 %

INDUSIND BANK

882.60

930.75

+5.46 %

L&T

1137

1198

+5.32 %

LUPIN LTD.

1781

1863

+4.60 %

NEXT WEEK
PRIDICTION )
NSE FUTURE

STARS

SR.NO

% CHANGE

AS

TOP 15 LOOSERS

SCRIPT NAME

MINDTREE LTD.

PREV CLOSE

CMP

% CHANGE

1525

660

1.33+2.33+3.33+4.
T332+5.
T33 TIPCA
T LABORATORIE
T
589
A161A161A161A161A16
T775T775T775T7735T77 RAJESH EXPORTS L 703
A. . . A. . . A. . . A. . . A. . APOLLO HOSPITALS
6.22+7.22+8.22+9.
T22+10.
T22 T T T
1497
189 189 189 1849 18
A691A691A691A691A69
M
009M
009M
009M
009M
00
999
T771T771T771T7751T77 EMAMI LTD.
O O O O O
A. . . A. . . A. . . A. . . A. . UNITED SPIRITS LTD
A
2509
T22+%A
T22+%A
T22+%A
T22+%A
T22
562 562 562 5662 56
D
O138D
O138D
O138D
O138D
O13
S503S503S503S5073S50 RCOM
54.65
A
R87. A
R87. A
R87. A
R87. A
R87
T T T T T
N
N
. 3N
. 3N
. 3N
. IDEA CELLULAR
SY.783
S
S
S
S
106
E +%Y
E78+%Y
E78+%Y
E78+%Y
E78
I8 4I 8 4I 8 4I 8 84I 8
506E506E506E506E50
EEP
E
E
E
E
P
L0
L0 P
L0 P
L0 P
L0 HCL TECHNOLOGIES 854
L57. L57. L57. L579. L57
O
%O %O %O %O
ST. . 9ST. . 9ST. . 9ST. . 9ST. . DCB BANK
G
3+G
79.40
R
R33+G
R33+G
R33+G
R33
D3
240D240D240D210
40D24
T.A246T.A246T.A246T.A246T.A24
50 50 50 50
50
11
. S45 BANK OF BARODA 145
S45. S45. S45. S45
B %B %B %B %B
I. . 5I . . 5I . . 5I . . 5I . . IDFC BANK
O12+O12+O12+O12
+O12
48.95
65A465A465A412
65A46
A4
L905L905L905L905L90
N05 N05 N05 N05 N05 INDIAN HOTEL CO. 100
13
. N46
N46. N46. N46. N46
% % % %
G. . 8G. . 8G. . 8G. . 8G. . PI INDUSRTRIES
LK11+LK11+LK11+LK11
+L11
574
47( 947( 947( 914
47K
(9
( 94
C115C115C115C115C11
&50 &50 &50 &50 &50
. I 39 ACC
1243
I39. I 39. I 39. I 39
% % % 15
%
TL783TL783TL783TL783TL78
N 2N 2N 2N 2N
T T T T T
D D D D D
D %D %D %D %D
I I I I I
. . . . .
A A A A A

549

PER
) ) ) )TECHNICAL

ANALYSIS

L T T T

662
1422
956
2415
52.60
102
824
76.60
141
47.80
97.65

1233

NSE FUTURE : BUY WOCKPHARMA FUTURE ABOVE 994 TGT 1066 SL 964

NSE FUTURE : BUY ASIANPAINT FUTURE ABOVE 901 TGT 929 SL 885

NSE FUTURE : BUY SYNDICATEBANK FUTURE ABOVE 60.70 TGT 62.70 SL 59.90

NSE FUTURE : BUY LICHSGFIN FUTURE ABOVE 469 TGT 489 SL 462

-6.97 %
-5.86 %
-5.04 %
-4.30 %
-3.77 %
-3.75 %
-3.70 %
-3.53 %
-3.53 %
-2.58 %
-2.35 %
-2.35 %

568

T D D D D

NSE FUTURE : BUY TATAMOTORS FUTURE ABOVE 354 TGT 368 SL 349

-56.74 %

-1.03 %
-0.78 %

1 5- 2 5- 3 5- 4I 5- 5
I 5
P546P546P546P546P54
C89. C89. C89. C89. C89
A9 9A9 9A9 9A9 9A9
A11- A11- A11- A11- A11
7 7 7 7
P445P445P445P445P44
L L L L L
O92. O92. O92. O92. O92
A %A %A %A %A
L720L720L720L720L72
U
B22- U
B22- U
B22- U
B22- U
B22
L 4L 4L 4L 4L
N
O543N
O543N
O543N
O543N
O54
O O O O O
IR01. IR01. IR01. IR01. IR01
% % % %
TA957TA957TA957TA957TA95
IH11- IH11- IH11- IH11- IH11
ET 7ET 7ET 7ET 7ET
D
O003D
O003D
O003D
O003D
O00
D
D
O
O D
O D
O D
O
SE62. SE62. SE62. SE62. SE62
R %
R %
R %
R %
R
A
7
A
7
A
7
A
7
P77- D
P P77- D
P A
P77
D
SI SI 77- D
S S77- D
S
0II 0II 0II
IC960
I
P
P
P
P
P
EC 3C
EC963C
EC963C
EC963C
E96
TB. . . TB. . . TB. . . TB. . . C
T. .
I I I I B
I
EA %EA %EA %EA %EA
465R465R465R465R46
R
IL44- IL44- IL44- IL44- IL44
B
03B
03B
03B
03B
0
ID0
I0
I0
I0
I0
LS872D
LS872D
LS872D
LS872D
LS87
A
A A
A A
FTU. . . FTU. . . FTU. . . FTU. . . FTU. .
N
N
N
N
N
SC98%
SC98%
SC98%
SC98%
SC98
LP553
L553
L553
L553
L55
K -P
K -P
K -P
K -P
K
5
0
5
5
0
5
5
0
5
5
0
5
0
A761IA761IA761IA5
IA
7
6
1
I
LB LB LB LB LB76
R
R
R
R
R
IT48. IT48. IT48. IT48. IT48
A %A %A %A %A
N
0N 0N
0N 0N
D
N D
N D
N D
N D
N
D 3D 3D 3D 3D
K K K K K
U U U U U
S %S %S %S %S
R R R R R
T T T T T
R R R R R
I I I I I
E E E E E
S S S S S

NSE CASH

NSE CASH : BUY GODFRYPHLP NSE CASH ABOVE 1222 TGT 1252 SL 1185.

NSE CASH : BUY RUSHIL NSE CASH ABOVE 260 TGT 285 SL 252.

NSE CASH : BUY QUICKHEAL NSE CASH ABOVE 255 TGT 278 SL 247.

NSE CASH : BUY NIITECH NSE CASH ABVE 475 TGT 518 SL 265.

NSE CASH : BUY JUSTDIAL ABOVE 675 TGT 735 SL 654

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK
Public sector banks wrote off over Rs 1.14 lakh crore in last 3 fiscals: Arun Jaitley FM Arun Jaitley reportedly said that State-owned banks wrote off over Rs 1.14 lakh crore
debt during the last three financial years."The public sector banks have written off Rs
1,14,181 crore of debt during financial years 2013, 2014 and 2015." Jaitley stated that in
case of technical write-off, the recovery efforts continue as accounts remain the books of
branches.
ASSOCHAM urges PM to nudge CPSEs to spend Rs 5 lakh crore to revive growth Lauding the public sector enterprises to be ready with a large investment kitty of Rs 5.02
lakh crore for the next financial year, ASSOCHAM today urged Prime Minister Mr
Narendra Modi to convene a meeting of the CMDs of the CPSEs asking them to ensure
that the entire planned expenditure for the fiscal 2016-17 is spent to give a leg-up to the
economic growth.

Fitch Ratings lowers India's FY 2017 growth forecast to 7.7% - Fitch Ratings lowered
India's economic growth forecast for next fiscal to 7.7%, but maintained the GDP
projection for current fiscal at 7.5%. Fitch Ratings has made widespread downward
revisions to growth forecasts in its latest Global Economic Outlook.
India's Forex Reserves dips $3.58 bn to $346.79 bn - The countrys forex reserves
decresed by $3.58 billion from a week ago to $346.79 billion in the week ended February
26, according to RBI data. As per RBI data, the foreign currency assets stood at $325.02
bn on February 26. Gold reserves remained unchanged at $17.70 bn in the week.
Meanwhile, the Special Drawing Rights and the country's reserve position in the IMF
stood at US$ 1.47 billion and US$ 2.58 billion.

PSU banks NPAs increased by Rs. 1 lakh crore: Arun Jaitley - The bad loans of
public sector banks increased by nearly Rs. 1 lakh crore during the first nine months of
the current fiscal, Finance Minister Arun Jaitley reportedly said. Jaitley said that the gross
NPAs of the PSBs increased from 5.43% as on March 2015 to 7.30 per cent as on
December 2015. Gross NPAs of PSBs surged from Rs. 2,67,065 lakh crore in March
2015 to Rs. 3,61,731 lakh crore in December 2015, he said.

FDI equity commitments under Make in India at $46 bn: Jayant Sinha - Foreign
investors have committed $ 45.68 billion worth of equity capital inflows under the
government's ambitious Make In India programme till December 2015, Parliament was
informed today. Giving details of "FDI equity inflow received after Make In India
initiatives for the period October, 2014 to December, 2015. Minister of State for Finance
Jayant Sinha said in a written reply in Lok Sabha that $29.44 billion came in during
April-December period of 2015-16.

Economic growth improving in India: FM Arun Jaitley - The economic growth rate is
expected to increase to 7.6 per cent in 2015-16, Finance Minister Arun Jaitley said today.
The growth rate increased from 6.6 per cent in 2013-14 per cent to 7.2 per cent in 201415. It is estimated to have further increased to 7.6 per cent in 2015-16 , indicating that
economic growth has been improving in India," he said in a written reply to the Rajya
Sabha.

Global headwinds no sign of a recession, says Moody's - The prolonged decline in oil
prices and weaker expansion in Chinese economy have dimmed growth prospects of
several economies, but it does not signal a threat of global recession, Moody's Investors
said."Risks to global growth have increased, but despite the recent market volatility, we
don't believe that the world's advanced economies will enter recession," said Moody's
Senior Vice-President Elena.

IIP growth was at 3.3% during Jan-Dec 2015 - Index of Industrial Production prepared
by Central Statistics Office, Ministry of Statistics and Programme Implementation at
2004-05 base year measures performance of industrial production in the country. The
growth of IIP in 2015 was 3.3 per cent compared to 1.8 percent in the same period of
2014.

IMF emphasizes on collective action for guarding global economy - The global
economys health is growing worrisome amid volatile financial markets and low
commodity prices and is in dire need of collective action for getting buoyed, as per David
Lipton, first deputy managing director of the International Monetary Fund. Since the time
the international lender lowered its 2016 growth forecast to 3.4 percent in January, perils
to the world economy have got intensified, he said. The economist said the world
economy is in the midst of risks, including some new ones and the are not really far-off,
which is a point that must be focused on. Global economic growth is rebounding albeit
with a base line, not so robust.

Emerging Economies drive global trade: World Bank - After dramatically declining in
the first half of 2015, global trade recovered but at a slower pace over the rest of the year,
so that world imports grew by only 1.7 percent in 2015 compared to 3 percent in 2014.
According to a new World Bank Group paper, Global Trade Watch: Trade Development
in 2015, by World Bank Group Economists Cristina Constantinescu, Aaditya Mattoo and
Michele Ruta, global trade in 2015 reflected persistently weak demand and structural
changes in world trade, compounded by falling commodity prices and Chinas transition
to a new growth path.

Moody's: Impact of low oil prices on global corporate sectors shifts - The benefits of
this prolonged period of very low oil prices are diminishing for some corporate finance
sectors or even starting to have a negative impact on others, said Moody's Investors
Service.The exploration & production, oilfield services, building materials and steel
industries continue to bear the immediate effects of low oil prices. The global oversupply,
combined with additional exports coming from Iran and OPEC countries producing at
capacity, has led to a fundamental shift in the energy industries. Moody's price estimates
for oil reflect this shift and is in the process of concluding ratings reviews of issuers in
these industries owing to the deterioration in credit conditions linked to persistently low
oil prices.

ECB pulls out all the stops, cuts rates and expands QE - The European Central Bank
delivered a surprise package of measures to kickstart Europe's economy on Thursday,
cutting its main interest rates and expanding its massive bond-buying program. The
bank's president, Mario Draghi, said the outlook for economic growth in the euro zone
had been revised slightly down mainly reflecting the weakened outlook for the world
economy but added that he did not anticipate needing to reduce rates further.

Govt hopeful of passing GST Bill in budget session: Jaitley - Finance Minister Arun
Jaitley on Sunday said that the Government was hopeful of passing the Goods & Services
Tax bill in the second half of the budget session, which will resume on April 20. The
GST bill, which has received the approval of the Lok Sabha, is stuck in the Rajya
Sabha.The Government has already said that it is ready with the required infrastructure
for the roll out of GST.

 TOP ECONOMY NEWS

The Foreign Investment Promotion Board cleared 16 FDI proposals worth Rs 14,000
crore. FIPB approved Yes Bank's Foreign Investment Proposal worth Rs.6,500 crore.
According to reports, the FIPB has approved 16 FDI proposals, out of 34.

The Rs. 840 billion general insurance industry feels that the 'use and file' norms unveiled
recently by IRDAI will ensure faster growth in the industry, though the regulations may
lead to price rise of such products. The new norms, coming into force from April 1, will
allow marketing of corporate products even before the regulatory approval.

Bullion and jewellery traders in Uttar Pradesh, on strike since March 2 against the Budget
proposal to re-impose 1 per cent excise duty on jewellery, have decided to extend the stir
indefinitely.

Gems and Jewellery exports declined by 14.5 per cent to USD 25.95 billion during the
first ten months of the current fiscal due to slowdown in global demand.

1,400 MW capacity plant being built in Gorakhpur for Rs 210 billion will come up
within the next six years, minister of state for atomic energy and space Jitendra Singh has
said.

The Cabinet is likely to consider mines ministry's proposal to allow auction of 100
mineral blocks for exploration as early as this week as the government tries to revive
exploration activity in the country.

At the two day bankers retreat held in New Delhi, the bankers have suggested to the
Reserve Bank of India that big data should be used for fraud detection and easier and
quicker sharing of information amongst different lenders to curtail the problem of bad
loans in the system.

The Ministry of Environment, Forests and Climate Change has announced an Online
Effluent and Emission Monitoring System under which highly polluting industries will be
monitored 24x7.

Finance Minister Arun Jaitley called upon states to reform to attract investment,
according to reports.In addition to co-operative federalism, India has also become a
competitive federalism, Jaitley said.
Strong protests against the Budget proposal to tax 60 per cent of the EPF corpus on
withdrawal have led to the move being rolled back.

In a bid to protect domestic manufacturers, India imposed anti-dumping duty on

polypropylene imports from Singapore.

The Oil Ministry has ordered charging of the market determined price for natural gas
used by fertiliser plants for manufacturing non-urea crop nutrients.

Steel Ministry has brought down the import of steel, an issue that has eroded profitability
of the domestic producers, by almost one-fourth in the first eleven months of this fiscal.

Gems and Jewellery Export Promotion Council stated that the imposition of 1% excise
duty on jewellery by the Government of India in Union Budget 2016-17 is not in the
interest of the industry. GJEPC Chairman has already approached the Government to
initiate meetings with the Finance Minister and Officials of the Finance Ministry and also
the Commerce Minister & Commerce Ministry to persuade them to rollback their
decision of imposition of excise duty on jewellery.

The government will shortly launch the Automotive Mission Plan 2016-26, which aims
to put the automobile industry in the league of top three nations in engineering,
manufacturing and export of vehicles, and auto components.

The telecom regulator has given mobile phone companies an extra week to March 14 for
submitting their compliance report on compensating consumers for call drops with the
Supreme Court slated to take a final view on the matter on March 10.

Following a tardy progress in the most ambitious Gold Monetisation Scheme since its
launch on November 5 last year by Prime Minister Narendra Modi, Finance Ministry has
called another meeting of all stakeholders on March 18 to discuss why the scheme is not
gaining momentum.

The Rajya Sabha has passed a bill to regulate the real estate sector, aiming to protect
home buyers from erring developers besides bringing transparency in the sector.

The government approved pricing freedom to help monetise Rs 1.8 trillion of gas
discoveries, brought in a more liberal fiscal regime for oil and gas exploration and
decided to amend the mining laws to allow companies to more freely sell assets.

The Cabinet approved a Rs 80 billion scheme to provide cooking gas connections free of
cost to women members of poor households.

TOP CORPORATE NEWS Tata Motors Ltd. has signed an agreement with Pune-based Bharat Forge and General
Dynamics Land Systems of the US, for the ministry of defence's Future Infantry Combat
Vehicle programme.

Bajaj Auto Ltd. is looking to sell around 50,000 units of 150CC 'V' bikes in the country
and will decide on extending the brand to other segments after 12-18 months, Bajaj VP
Marketing Sumeet Narang said.

Apollo Tyres has forayed into the two-wheeler tyre segment in India with the launch of
Apollo Acti series for motorcycles and scooters.

Mahindra & Mahindra Executive Director Pawan Goenka told Reuters the company
was in talks with Chinese firms to enter into a contract manufacturing agreement or form
a joint venture to build Ssangyong vehicles in China, where it currently exports to from
Korea and sells through a local distributor.

NTPC and the Indian Institute of Technology, Delhi, have signed a memorandum of
understanding for research and development in areas of mutual interest such as simulation
and modelling, heat transfer and thermal process, artificial intelligence, solar and
renewable integration, and other such areas.

HPCL plans to invest Rs 450 billion by 2020 in expansion of its Mumbai and
Visakhapatnam refineries as well as augmenting its marketing infrastructure. While Rs
210 billion would be invested in refining capacity expansion, Rs 90 billion would be
spent in marketing infrastructure till 2020. A total of Rs 140 billion would go into joint
venture refinery projects, natural gas business and upstream oil exploration.

Indiabulls Housing Finance and its group company, Indiabulls Real Estate will invest
Rs 250 billion in Haryana over the next seven years. The group has entered into a
Memorandum of Understanding with the government of Haryana for the same, the
company said in a statement.

Alkem Labs Ltd said one of its manufacturing plants in Gujarat has obtained the
Establishment Inspection Report "approval" from US health regulator USFDA.

Bharti Airtel has launched a plan that will allow corporate customers use pre-paid data
on their respective post-paid plans. The scheme will primarily benefit those customers
who are unable to access mobile internet on their corporate connections because their
company policy does not allow subscribing those plans having data packs.

As many as 22 mining projects of state-owned Coal India Ltd. have received green
clearance this fiscal. So far, in the current fiscal, 16 coal mining projects of Coal India
having an additional capacity of 48 million tonnes have received environment clearance,"
an official said.

Tata Motors Ltd. said in a statement that the company has yet again reached out to the
striking workmen and advised them to resume duty on or before March 11, 2016, failing
which, the company would take appropriate legal action.

Maruti Suzuki India launched its new compact SUV 'Vitara Brezza' at an introductory
price range of Rs 0.7 million and Rs 1 million.

Mahindra & Mahindra Chairman & MD Anand Mahindra has been conferred with
'Chevalier de la Legion d 'Honneur' by the French authorities.

The government will sell 5% stake in Container Corporations of India at a minimum

price of Rs 1,195 a piece, to garner Rs 1,165 crore.

L&T Technology Services, a wholly-owned subsidiary of construction major L&T, is

putting final touches to its proposed IPO, reports a financial newspaper. The IPO is slated
to hit the market later this year, says the paper.

Sun Pharmaceuticals has named Indian cricket team captain M S Dhoni as brand
ambassador of its health supplement brand Revital H. Earlier, actor Salman Khan was its
brand ambassador for Revital H.

The APAC region of Zee Entertainment Enterprises Ltd announced the launch of
ATL Media APAC, a new division that will represent varied Indian and South Asian
media businesses in the region for advertising sales.

Hindustan Unilever Limited announced it has signed a full and final compensation
settlement with former workers of its now-silent thermometer factory in Kodaikanal in
Tamil Nadu, which was shut after evidence of mercury pollution.

Lupin Ltd. said it has completed the acquisition of privately held US-based GAVIS
Pharmaceuticals LLC and Novel Laboratories.

Unichem Laboratories has received approval from the US health regulator USFDA for
its generic Quetiapine Fumarate tablets used for treatment of schizophrenia and bipolar
disorder.

Jindal Steel & Power Ltd will try to sell stakes in few steel units, set up JVs with
companies in Asia and Europe, and seek a buyer for its power assets in India in a bid to
pare debt, CEO Ravi Uppal has been quoted as saying.

Hero-MotoCorp plans to enter new markets globally, including Mexico and Nigeria, as
it eyes 10mn unit sales by 2017-18.

Godrej Properties expects a sales revenue of about Rs. 7 billion from the second phase
of its luxury housing project at Vikhroli in Mumbai.

TOP BANKING AND FINANCIAL NEWS OF THE WEEK

State Bank of India is among four new foreign banks given preliminary approval to
open 100 per cent-owned branches in Myanmar.

The government is expected to launch the public sector bank consolidation exercise by
merging yet another State Bank associate with its parent even as it looks to create eight
to ten large state-run lenders through a merger of nationalized banks.

Global financial services firm Nomura has said that India's third largest private sector
lender Axis Bank is better placed than private sector behemoth ICICI Bank and other

PSU bank peers in terms of corporate book profitability.

State Bank of India on Thursday rejected allegations that it moved slow in seeking Vijay
Mallya's detention, saying it had moved the debt recovery tribunal on February 26, the
day Diageo reportedly paid $75 million to Mallya.

Private lender Yes Bank on Tuesday launched an all-women operated bank branch 'Yes
Grace' on Cunningham Road here aimed at offering customised banking solutions to
women.

Banks have so far disbursed over Rs 1.15 lakh crore under Pradhan Mantri MUDRA
Yojana , Financial Services Secretary Anjuly Chib Duggal said.

The Reserve Bank of India has notified that the aggregate FII shareholding in Kotak
Mahindra Bank Ltd. has gone below the prescribed limit. Hence the restrictions placed
on the purchase of shares of the above bank have been withdrawn.

Axis Bank, country's third largest private sector lender, is looking at taking a leaf from
the burgeoning start-ups and realigning the bank's work environment and culture in a
manner similar to the way these organisations function. This will include flexible roles
and flexible work environment for its employees.

Former IDBI Bank CMD Yogesh Aggarwal is under scrutiny of the CBI and the
Enforcement Directorate for allegedly disbursing at least Rs 350 crore to former liquor
baron Vijay Mallya even before the loan was sanctioned by the bank. The agencies have
alleged the loan was disbursed merely on the basis of Aggarwal's conversation with
Mallya.

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