February 8, 2013 / 3:22 AM / 5 years ago

Indian stocks to watch-Feb 8

    * Nifty futures on the Singapore Exchange was flat.
The MSCI-Asia Pacific index, excluding Japan  
rose 0.3 percent.         
    * Asian shares edged higher on data showing a surge in
exports and imports from China. 
    * U.S. stocks declined on Thursday, taking a step back from
their recent advance, prompted by comments by the ECB president
on the euro and Europe's outlook. 
    * Earnings: Cadila Healthcare Ltd, Hindalco
Industries Ltd, Mahindra and Mahindra Ltd,
Canara Bank Ltd, Sun Pharmaceutical Industries Ltd
, Tata Chemicals Ltd 
    * RBI forex reserves, bank lending data. (1130GMT) 
    * RBI deputy governor Anand Sinha to deliver speech on Basel
III at an event organised by ratings agency CRISIL. (0530GMT)
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NOTE: Reuters has not verified third-party stories and does not
vouch for their accuracy.

    * The government is considering a tax surcharge on those
with taxable income of more than 10 million rupees ($187,700)  a
 in the 2013/14 federal budget, finance ministry officials said.
(Business Standard)
    * India's new stock exchange MCX-SX said on Thursday it will
launch equities trading on Monday in 1,116 listed companies as
the bourse operator looks to compete aggressively against the
country's two established players. (Reuters) 
    * Indiabulls Financial Services Ltd has launched a
share sale for institutional investors to raise up to 4.48
billion rupees ($84 million), according to a term sheet obtained
by Reuters. (Reuters) 
    * India has raised $2.15 billion by selling shares in
state-run power utility NTPC, putting the government
on track to meet its fundraising target to reduce the budget
deficit. (Reuters) 
    * The Cabinet has approved GAIL (India) Ltd's participation
in the $9 billion Turkmenistan-Afghanistan-Pakistan-India (TAPI)
gas pipeline. (Economic Times)
    * ACC Ltd reported a 49 percent fall in net profit
for the Oct-Dec quarter. (Reuters) 
    * Temasek Holdings Pvt Ltd and Baring Asia are
among those shortlisted by Lafarge SA as potential
buyers for a minority stake in its Indian arm Lafarge India, The
Economic Times reported citing two said two "informed sources."
(Economic Times)
    * Tata Steel Europe, a unit of Tata Steel Ltd, 
said it is investing 2.3 million euros ($3.08 million) at its
IJmuiden facility in the Netherlands to develop next-generation
steels for the auto industry that are lighter, stronger and
better able to withstand crashes. (Reuters) 
    * Jindal Steel and Power Ltd pulled out of talks
to invest in a Cameroon mine owned by iron ore producer Afferro
Mining Inc , questioning the financial viability
of the project. 
    * Bharti Airtel Ltd on Thursday split its business
into eight segments with a view to build a more connected
organisation. (Mint)
    * Glenmark Pharmaceuticals Ltd said on Thursday
its European unit had launched a generic version of
GlaxoSmithKline's Malarone malaria treatment medicine,
its first generic product in Britain. (Reuters) 
    * Cognizant Technology Solutions Corp's quarterly
profit modestly beat estimates, helped by a rise in demand from
Europe after quarters of tepid growth in business from the
region. (Reuters) 


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

($1 = 53.2850 Indian rupees)

 (Compiled by Manoj Rawal)

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