January 28, 2013 / 3:18 AM / 5 years ago

Indian stocks to watch-Jan 28

    * Nifty futures on the Singapore Exchange rose 0.1
percent. The MSCI-Asia Pacific index, excluding Japan 
 was down 0.13 percent.          
    * South Korean shares were hit by earnings worries,
dragging down the broader Asian share index, but improving
economic prospects in Europe and solid U.S. earnings underpinned
    * The Standard & Poor's 500 index closed above 1,500
for the first time in more than five years on Friday as strong
U.S. earnings reports helped the benchmark extend its rally to
eight days.     
    * The Reserve Bank of India will release its macro-economic
review for Oct-Dec quarter report (1130 GMT) 
    * JSW Steel Ltd earnings 
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NOTE: Reuters has not verified third-party stories and does not
vouch for their accuracy.
    * Morgan Stanley intends to allow its banking licence
in India to lapse as part of its changed business strategy, the
Economic Times newspaper reported on Saturday. (Reuters)
    * Finance minister P Chidambaram may limit subsidies on
food, fertilisers and oil at 1.9 trillion rupees for the next
financial year to send out a strong signal on fiscal
consolidation, an official involved in the exercise, who is not
permitted to talk to the media, said. (Financial Chronicle)
    * L Capital is vying with Kohlberg Kravis Roberts & Co LP
 to buy up to 4 billion rupees stake in home-grown
slimming and beauty services chain VLCC, said at least two
people familiar with the matter, adding that the company is
worth more than $300 million. (Times of India)
    * India's plan to raise about $2 billion selling a stake in
power producer NTPC Ltd will likely take place on Feb.
7, three sources with direct knowledge of the situation said on
Friday. (Reuters) 
    * Coal India Ltd  said in a court filing The
Children's Investment Fund cannot force the state firm to raise
prices for the interest of a particular shareholder, and that
the company and its directors are under no obligation to sell
coal at international prices, according to The Economic Times
    Coal India is facing a lawsuit from TCI, with a hearing at
Calcutta High Court to be heard on Wednesday, the newspaper
reported. (Economic Times)
    * Reliance Industries Ltd's fourth generation
long-term evolution services are expected to be launched between
June and August, at least starting with Mumbai, New Delhi and
Jamnagar, vendors in discussion with the company said. (Business
    * Norway's Telenor is unlikely to bid in an auction
for mobile licences in Mumbai unless India halves the fee, its
Chief Executive Jon Fredrik Baksaas said on Friday. (Reuters)
    * Maruti Suzuki India Ltd has purchased the land
for its fourth plant in India, with a view to roughly doubling
annual production capacity to about 3 million units, the Nikkei
business daily said on Sunday. (Reuters) 
    * Ashok Leyland Ltd is hoping to raise around 5
billion rupees by offloads stakes in some of its subsidiaries as
well as IndusInd Bank Ltd, chief financial officer K
Sridharan told analysts. (Business Standard)
    * Jet Airways (India) Ltd will sell a 24 percent
stake to Etihad Airways for around $300 million, according to
two people close to the development, neither of whom wanted to
be named. (Mint)
NOTE: Reuters has not verified third-party stories and does not
vouch for their accuracy.

 (Compiled by Manoj Rawal)

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