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Indian stocks to watch-Jan 16
January 16, 2013 / 3:12 AM / 5 years ago

Indian stocks to watch-Jan 16

   * Nifty futures on the Singapore Exchange fell 0.24 
percent. The MSCI-Asia Pacific index, excluding Japan 
 was flat.  
   * Asian shares erased modest gains to edge lower on Wednesday
as cautious investors waited for more clues about the global
growth outlook, while a pause in the yen's declines
spurred profit taking in Japanese equities after their recent
   * The Dow and S&P 500 edged higher on Tuesday
after stronger-than-expected retail data, though tech
heavyweight Apple dragged on the market for a third
   * Bajaj Auto earnings
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NOTE: Reuters has not verified third-party stories and does not
vouch for their accuracy.
    * Reserve Bank of India Governor Duvvuri Subbarao on Tuesday
tempered expectations of interest rate cuts beginning this
month, saying prices of consumer products and manufactured items
are still rising. 
    "Inflation has come down, (but is) still high," he was
quoted as saying by Bloomberg in his speech at the Indian
Institute of Management. (Economic Times)
    * India needs to improve its financial system supervision
and crisis preparedness while at the same time liberalizing some
sectors to reduce distortions and risks created by heavy state
involvement in banking, the International Monetary Fund said on
Tuesday. (Reuters) 
    * India's passion for gold is putting such a strain on state
finances that the government may slap higher import taxes on the
precious metal, but demand buoyed by heady inflation and meagre
savings will blunt the impact of any rise in duties. (Reuters)
    * Petrol price has been hiked by about 0.35 rupees per litre
on Tuesday in line with firming raw material costs. Petrol will
cost 67.56 rupees per litre in New Delhi with effect from
midnight, industry sources said. (Times of India)
    * Oil and Natural Gas Corp may see 4.7 percent
rise in crude oil output at over 25 million tonne in 2012-13 but
natural gas output is projected to fall 1.4 percent, according
to company estimates submitted to the oil ministry. (Business
    * Adani Group has finalised the terms and conditions to buy
out the stakes held by Larsen & Toubro Ltd and Tata
Steel Ltd in Dhamra Port Company Ltd in Odisha for an
enterprise valuation of close to $1 billion, said a source
directly involved with the talks. (Business Standard)
    * Qatar Airways is not interested in buying a stake in
Indian budget carrier SpiceJet Ltd or any other Indian
airline, its chief executive said, quashing media reports that
the Gulf carrier was in talks for a potential investment.
    * A few banks are reducing their stake in Kingfisher
Airlines Ltd by selling the shares acquired through a
loan conversion at lower prices, said a senior executive with a
state-run lender, requesting anonymity. (Business Standard)
    * Tata Motors Ltd said global vehicle sales in
December 2012 stood at 98,968 vehicles, down 13.9 percent from a
year earlier, as sales at its key Jaguar Land Rover unit rose
4.2 percent to 32,282 vehicles.

    * Indian mobile phone company Bharti Airtel Ltd is
replacing the chief executive of its key domestic operations as
the group seeks to reverse a trend of declining profits.
    * Huawei has raised concerns over the Department of
Telecom's move to exclude it from the list of companies with
local manufacturing capabilities, the company said in a
communication to the industry body representing the interest of
GSM players. (Business Line)
    * The National Stock Exchange said trading of shares in
Deccan Chronicle Holdings Ltd would be suspended from
Jan. 23, saying the newspaper publisher failed to provide
shareholding and financial information. (Reuters)

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

 (Compiled by Dipika Lalwani; Editing by Rafael Nam)

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