Indian stocks to watch-Dec 28

GLOBAL MARKETS ROUNDUP
* Nifty futures on the Singapore Exchange were flat,
while the MSCI-Asia Pacific index, excluding Japan
, advanced 0.41 percent.
* The yen hit its lowest level in more than two years
on Friday on expectations of drastic monetary easing intensify,
while Japanese stocks rose to 21-month highs. Asian shares
advanced on signs Washington is striving to avoid a fiscal
crunch.

* U.S. stocks fell for a fourth day on Thursday, but
recovered most of their losses after the House of
Representatives, in the barest sign of progress, said it would
come back to work on avoiding the "fiscal cliff" this weekend.

FACTORS TO WATCH
* Bharti Infratel to debut after $760
million IPO
* Weekly lending, FX reserves

INDIAN STOCKS TO WATCH
For additional press items double click
NOTE: Reuters has not verified third-party stories and does not
vouch for their accuracy.

ENERGY/COMMODITIES
* The petroleum ministry has proposed a gradual rise in
diesel prices, by 1 rupee per litre every month over a 10-month
period, in order to avoid controversy engendered by steep hikes
in infrequent revisions, according to source at the ministry.
(Economic Times)
here
* The GMR Group has walked out of the 555-km long
Kishangarh-Udaipur-Ahmedabad National Highway, 16 months after
it won this in a bid in which it promised to pay the National
Highways Authority of India (NHAI) over 90 billion rupees on a
net present value (NPV) basis.
An NHAI official confirmed getting the notice. (Economic
Times)
r.reuters.com/par84t

FINANCIAL/REGULATORY
* The Reserve Bank of India (RBI) is likely to release in
January the final norms on issuing bank licences, according to
RBI sources. (Business Standard)

TELECOMS
* The law ministry has said that Telecom Consultants of
India, which owns 30 percent stake in a Bharti Airtel
subsidiary that offers mobile services in north-eastern states
and Rajasthan, should not seek a listing of this company.
(Economic Times)
here

REAL ESTATE
* Fair trade regulator CCI has approved the merger of Dewan
Housing Finance Corp's two arms -- DHFL Holdings and
First Blue Home Finance -- with the parent company, Press Trust
of India reported in a news item included in The Economic Times'
Friday edition. (PTI in Economic Times)
here

NOTE: Reuters has not verified third-party stories and does not
vouch for their accuracy.

(Compiled by Manoj Rawal; Editing by Rafael Nam)