Indian stocks to watch-Jan 25

Fri Jan 25, 2013 8:50am IST

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Stocks

   

GLOBAL MARKETS ROUNDUP     
    * Nifty futures on the Singapore Exchange rose 0.04
percent. The MSCI-Asia Pacific index, excluding Japan 
 was down 0.56 percent.         
    * Falls in South Korean shares on disappointing earnings
pulled broader Asian shares lower on Friday, but the region's
many other bourses were up following solid global economic
data.[ MKTS/GLOB]   
    * The smallest of gains gave the Standard & Poor's 500
 its seventh straight winning day on Thursday, but the
index failed to hold above the 1,500 line, restrained by Apple's
 worst day in more than four years.    
         
    FACTORS TO WATCH    
    * Maruti Suzuki India Ltd, Reliance Power Ltd
 earnings.
    * Reserve Bank of India Governor Duvvuri Subbarao will meet
Finance Minister P Chidambaram, ahead of the central bank's Jan.
29 policy review. (1030 GMT)
    
    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.
    
    FINANCIAL/REGULATORY
    * The Reserve Bank of India on Thursday urged banks to raise
capital by issuing subordinated debt to retail investors as well
to deepen the corporate bond market. (Reuters) 
    * The final guidelines for new banking licences could take a
while, contrary to expectations that the Reserve Bank of India
would announce those by month-end, the Business Standard
newspaper reported citing RBI banking sources. (Business
Standard)
here
  
    ENERGY/COMMODITIES
    * The telecom arm of Reliance Industries Ltd may
buy a stake in Reliance Infratel, a company belonging to
Reliance Communications Ltd, in a complex deal, two
people close to the ongoing negotiations said. (Economic Times)
link.reuters.com/daf55t 
    * Jindal Steel and Power Ltd is set to start
importing coal from its Mozambique mine, where production will
begin this year, with plans to import about 500,000 tonnes of
coking coal, Sushil Maroo, director and group chief financial
officer, told Business Standard. (Business Standard)
here
    * Lenders to Suzlon Energy Ltd have approved the
Indian wind turbine maker's corporate debt restructuring plan
for $1.8 billion, the company said on Thursday. (Reuters)
 

    RETAIL
    * U.S. retailer Wal-Mart Stores Inc is studying the
conditions attached to India's decision to open its supermarket
sector to foreign investors before finalizing a decision to
invest, an Indian government statement said on
Thursday.(Reuters) 
    * The chairman of Tesco PLC met India's Trade
Minister Anand Sharma, seeking clarifications on the country's
decision to open its supermarket sector to foreign investors,
the Indian government said in a statement on Thursday. (Reuters)
 
    
    TELECOMS
    * Reliance Communications is in talks with
domestic lenders to raise 65 billion rupees, which it will have
to repay over seven years, said a senior official from a public
sector bank who did not want to be named. (Economic Times)
link.reuters.com/faf55t 
    * India's Bombay High Court has asked the government to not
take any coercive action against Idea Cellular Ltd 
until March 1 on a demand to pay surcharges on airwaves, the
mobile phone operator said on Thursday. (Reuters)
 
    
    AUTOS
    * Ashok Leyland Ltd said October-December net
profit rose 10.82 percent to 741.4 million rupees from a year
ago. (Reuters) 
    
    AIRLINES
    * The aviation ministry may want to protect Air India Ltd's
 business prospects if Etihad Airways buys a stake in
Jet Airways Ltd and they pursue an aggressive expansion
programme, two government officials said. (Mint)
here

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

 (Compiled by Manoj Rawal; Editing by)
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