TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

Nifty futures/Bank Nifty futures market closed on 8114.25 / 18536.80 . According to technical analysis if Niftyfutures and Bank Nifty future moves down-word in tomorrow treading session then 7993 will be small support forNifty futures and 16845 will be small support for Bank Nifty futures. If it break this level then then Nifty futurescan go down to 7857 level and Bank Nifty futures can touch 15610 level in next few days. It will be hard supportfor Nifty futures and Bank Nifty futures. Meanwhile in up trend there is small resistance on 8222 for Nifty futuresand 17901 is for Bank Nifty futures after breaking this level with volume there is big resistance for Nifty futureson 8222 and 18360 for Bank Nifty futures.

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )PIVOT POINT NIFTY

DAILY R2 R1 PP S1 S28433 8236 8137 8039 7842

WEEKLY R2 R1 PP S1 S29504 8646 8217 7788 6930

MONTHLY R2 R1 PP S1 S29504 8646 8217 7788 6930

PIVOT POINT BANK NIFTY

DAILY R2 R1 PP S1 S218600 17940 17610 17280 16620

WEEKLY R2 R1 PP S1 S222140 19350 17955 16560 13770

MONTHLY R2 R1 PP S1 S222140 19350 17955 16560 13770

MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS

NIFTY 8302 8407 8572 8367BANK NIFTY 18154 18260 18793 17906

PARABOLIC SAR DAILY WEEKLY MONTHLY

NIFTY 8442 8728 9140BANK NIFTY 18748 18441 17358

VOLUME DAILY WEEKLY MONTHLY

NIFTY 13079175 65114788 65114778BANK NIFTY 3063300 18041604 18041604

NSE EQUITY DAILY LEVELS

COMPANY NAME R3 R2 R1 PP S1 S2 S3

ACC EQ 1506 1774 1455 1442 1424 1411 1379ALBK EQ 102 99 98 96 95 93 90AMBUJACEM EQ 239 232 228 224 220 217 210ASIAN PAINT EQ 787 774 769 760 755 747 733AXISBANK EQ 569 561 558 553 550 545 538BAJAJ-AUTO EQ 2307 2262 2245 2218 2200 2173 2128BANKBARODA EQ 170 166 164 162 160 158 154BANKINDIA EQ 190 185 183 181 179 177 172BHEL EQ 262 255 253 249 247 243 236BHARTIARTL EQ 432 425 420 418 413 411 404CIPLA EQ 654 642 636 631 625 619 607COALINDIA EQ 438 420 414 403 396 385 367DLF EQ 116 112 110 108 106 104 100DRREDDY EQ 3546 3497 3475 3449 3427 3401 3352GAIL EQ 415 399 392 382 375 365 348GRASIM EQ 3545 3497 3478 3449 3430 3401 3353HCLTECH EQ 980 959 948 937 926 916 894HDFC EQ 1242 1225 1216 1208 1199 1191 1174HDFCBANK EQ 1044 1028 1021 1012 1005 996 980HEROMOTOCO EQ 2686 2625 2601 2564 2540 2503 2443HINDALCO EQ 127 123 122 120 119 117 114HINDUNILVR EQ 897 866 854 835 823 804 773ICICIBANK EQ 302 295 290 287 282 280 272ITC EQ 328 315 310 302 297 289 276INDUSIND BANK EQ 870 854 845 838 829 822 806INFY EQ 2089 2056 2036 2023 2003 1990 1957JINDALSTEL EQ 118 112 109 106 103 100 94KOTAKBANK EQ 1389 1373 1366 1358 1350 1342 1326LT EQ 1771 1726 1703 1680 1657 1635 1590M&M EQ 1290 1249 1227 1208 1187 1168 1127MRF EQ 35579 35036 34743 34492 34199 33949 33405MARUTI EQ 3871 3822 3796 3773 3747 3724 3675ONGC EQ 336 321 314 305 299 290 275ORIENTBANK EQ 202 196 193 190 187 184 179RCOM EQ 63 61 60 59 58 57 56RELCAPITAL EQ 390 376 370 363 356 349 336RELIANCE EQ 933 921 915 910 903 899 887RELINFRA EQ 407 391 384 375 368 359 343RPOWER EQ 48 47 46 45 44 43 42SBIN EQ 271 264 261 258 255 252 245SSLT( VEDL) EQ 194 189 185 183 180 178 172SUNPHARMA EQ 907 877 863 846 832 816 785TATAMOTORS EQ 464 454 448 444 438 434 424TATAPOWER EQ 75 72 71 70 69 68 65TATASTEEL EQ 340 325 317 310 303 295 280UNIONBANK EQ 164 159 156 154 151 149 144

TOP 15 ACHIEVERS // TOP 15 LOOSERS

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION )

1. IDEA ( BULLISH ) - IDEA seems bullish for next week. If it break level of 181 then withstop loss of 175 we can take long position for 194.

2. ARVIND ( BEARISH ) - It is looking down trend for next week as per technical analysis.Below 227 we can make short position in ICICI BANK for the target of 203 with stop loss of233

4. ICICI BANK ( BEARISH ) - It is looking down trend for next week as per technicalanalysis. Below 280 we can make short position in ICICI BANK for the target of 269 with stoploss of 284.

SR.NO

SCRIPT NAME PREVCLOS

CMP % CHANG

1 BEML 944.90 1186.10 +25.53

2 SAREGAMA INDIA 162.55 200.35 +23.25

3 NITCO LTD 15.15 17.95 +18.48

4 MAN INDUSTRIES 66.75 76.75 +14.98

5 RPG LIFE 152.75 174.90 +14.29

6 SRF LTD 997.50 1081.80 +8.45%

7 HIND PETROL 630 682.95 +8.40%

8 VADILAL INDUS 490.55 529.45 +7.93%

9 ARVIND LTD 224.05 241.75 +7.90%

10 EVERREADY 283.10 304.60 +7.59%

11 AJANTA PHARAMA 1454.40 1563.15 +7.44%

12 BHARAT PETROLEUM

796.90 855.70 +7.38%

13 COAL INDIA LTD 383.05 405.35 +5.82%

14 IDEA 170.05 178.80 +5.15%

15 BRITANNIA INDUS 2578.75 2709.45 +5.07%

SR.NO SCRIPTNAME

PREVCLOSE

CMP % CHANG

1 UNITECH LTD 14.05 8.95 -36.30%

2 ADANI POWER 39.90 31.50 -21.05%

3 PUNJAB CHEM 278.35 221.20 -20.53%

4 IFB INDUS 642.10 516.15 -19.45%

5 JET AIRWAYS 372.25 305.25 -18.00%

6 SE INVESTMENT 284.60 233.80 -17.85%

7 RPOWER 54.20 44.75 -17.44%

8 JINDAL STEEL 129.60 107.10 -17.36%

9 ABAN OFFSHORE 394.35 328.45 -16.67%

10 ADLABS ENTERT. 163.10 137.05 -15.97%

11 IBREALEST 58.70 49.70 -15.33%

12 SUZLON ENERGY 25.05 21.35 -14.77%

13 NCC 84.55 72.55 -14.19%

14 SUN PHARMA 975.55 847.90 -13.07%

15 WOCKHARDT LTD

1575.55 1373.25 -12.84%

CURRENCY MARKET

USDINR R2 R1 PP S1 S2

DAILY 64.94 64.39 64.11 63.83 63.28

WEEKLY R2 R1 PP S1 S266.03 64.79 64.17 63.55 62.31

MONTHLY R2 R1 PP S1 S266.12 64.88 64.26 63.64 62.40

EURINR R2 R1 PP S1 S2

DAILY 73.76 72.60 72.03 71.45 70.29

WEEKLY R2 R1 PP S1 S282.02 75.04 71.56 68.07 61.10

MONTHLY R2 R1 PP S1 S2 82.16 75.10 71.57 68.40 60.98

JPYINR R2 R1 PP S1 S2

DAILY 52.46 51.76 51.40 51.05 50.35

WEEKLY R2 R1 PP S1 S253.80 52.28 51.52 50.76 49.24

MONTHLY R2 R1 PP S1 S253.98 52.32 51.48 50.65 48.99

GBPINR R2 R1 PP S1 S2

DAILY 100.81 99.09 98.23 97.37 95.65

WEEKLY R2 R1 PP S1 S2104.63 100.33 98.18 96.02 91.72

MONTHLY R2 R1 PP S1 S2104.68 100.38 98.25 96.07 91.77

TOP NEWS OF THE WEEK

NHPC Q4 net profit at Rs. 644.5 crore - NHPC Ltd Ltd has announced a net profit of Rs.6,445.10 million for the Quarter ended March 31, 2015 where as the net loss was at Rs. 7,074million for the Quarter ended March 31, 2014. Total Income is Rs. 16,533.90 million for theQuarter ended March 31, 2015 where as the same was at Rs. 17,786 million for the Quarterended March 31, 2014. The Group has posted a net profit of Rs. 24913.60 million for the yearended March 31, 2015 where as the same was at Rs. 12187.50 million for the year ended March31, 2014. Total Income is Rs. 91572.70 million for the year ended March 31, 2015 where as thesame was at Rs. 87380.30 million for the year ended March 31, 2014.

Just Dial Q4 net profit at Rs. 47.2 crore - Just Dial Ltd has posted a net profit of Rs.471.60 million for the quarter ended March 31, 2015 as compared to Rs. 341.50 million for thequarter ended March 31, 2014. Total Income has increased from Rs. 1371.00 million for thequarter ended March 31, 2014 to Rs. 1835.10 million for the quarter ended March 31, 2015.The Company has posted a net profit of Rs. 1388.90 million for the year ended March 31, 2015as compared to Rs. 1206.10 million for the year ended March 31, 2014.

As of March 31, 2015, we were conducting approximately 3,31,200 campaigns for our paidadvertisers as compared to 262,150 campaigns as of March 31, 2014, representing a Y-o-Ygrowth of 26% As of March 31, 2015 our database consisted of approximately 15.0 millionlistings as compared to 11.8 million listings as of March 31, 2014 representing a Y-o-Y growthof 27% . As of March 31, 2015 we had 9,533 employees The Company currently has 24 searchplus services live on the platform

Cipla stock surges on Q4 results - Shares of Cipla was higher by 2% at Rs. 663 after thecompany posted Q4 results.The stock has hit a high of Rs. 672 and a low of Rs. 645.TheCompany has posted a net profit after Minority interest and Share of Profit/(Loss) of Associatesof Rs. 2596.60 million for the quarter ended March 31, 2015 as compared to Rs. 2606.90million for the quarter ended March 31, 2014. Total Income has increased from Rs. 26109.00mn for the quarter ended March 31, 2014 to Rs. 31538.90 million for the quarter ended March31, 2015.

RCOM plans to invest Rs. 2000 crore - Reliance Communications is planning to investabout Rs. 1,500-2,000 crore in the current fiscal , according to reports. "Our focus area wouldlargely be to increase data revenue," RCom Chief Executive Officer for Consumer BusinessGurdeep Singh reported.Report says that the company already raised $300 mn for capitalexpenditure. The Group has posted a net profit after taxes, Minority interest and Share of

Profit/(Loss) of Associates of Rs. 2280 mn for the quarter ended March 31, 2015 as comparedto Rs. 1560 mn for the quarter ended March 31, 2014. Total Income has increased from Rs.56710 mn for the quarter ended March 31, 2014 to Rs. 57030 million for the quarter endedMarch 31, 2015.

Kalpataru Power FY15 net profit at Rs. 115.4 crore - Revenue for the year is Rs 7,198.2crore as compared to Rs 7,090.3 crore in the previous year, a growth of 2%. Core EarningBefore Interest, Depreciation, Tax & Ammortisation (EBIDTA) excluding other income for theyear is Rs 704.3 crore as compared to Rs 589.7 crore in the previous year, a growth of 19%Profit before tax for the year is Rs 224.1 crore as compared to Rs 215.3 crore in the previousyear, a growth of 4% Profit after tax for the year is Rs 115.4 crore as compared to Rs 123.9crore in the previous year. Commenting on the results, Mr Manish Mohnot (Jt. ManagingDirector) said"Despite several headwinds in domestic and international markets, KalpataruPower has continued to achieve profitable growth due to our strong project executioncapabilities. Company has also enhanced its global footprints by venturing into two newterritories (Poland and Bostwana) and extending the reach to over 40 countries. In April 2015,Company has also achieved commercial operation of our second transmission BOOT project inrecord 16 months.

Jet Airways stock slumps 6% on Q4 results - Shares of Jet Airways was lower by 6% atRs. 362 after the company posted Q4 results on Friday.The stock has hit a high of Rs. 372 and alow of Rs. 356.The Company has posted a net (loss) of Rs. (17289.90) mn for the quarter endedMarch 31, 2015 as compared to Rs. (21535.70) million for the quarter ended March 31,2014. Total Income has increased from Rs. 46781.70 mn for the quarter ended March 31, 2014to Rs. 52901.40 mn for the quarter ended March 31, 2015.The Company has posted a net (loss)of Rs. (18137.10) mn for the year ended March 31, 2015 as compared to Rs. (36678.50) millionfor the year ended March 31, 2014. Total Income has increased from Rs. 177134.70 mn for theyear ended March 31, 2014 to Rs. 202807.30 million for the year ended March 31, 2015.

IRB Infra receives directions from Govt to stop toll collection of 2 BOT projects -Shares of IRB Infrastructure Developers Ltd were trading 3% higher at Rs. 254 on BSE today.The company has received the directions from the Government of Maharashtra:

1. To stop Toll Collection on Mohol - Mandrup - Kamtee BOT Project and Nagar-Karmala-Tembhurni BOT Project with effect from midnight of May 31, 2015;

2. To exempt cars and MSRTC buses from paying toll on Thane - Ghodbunder BOT Project.

The company have understood from various media reports that Government has beenconsidering closure of 12 toll plazas in the state while exempting private light motor vehiclesand buses of the state transport corporation at 53 toll plazas from June 1. Hence, the Companywill be complying with these directives of the Government. However the Company will also

contemplate various options to protect its interests with regard to these Projects.It may also benoted that these three BOT Projects cumulatively contribute less than 3% of the consolidatedToll revenues of the Company.The stock opened at Rs. 254 as against the previous close of Rs.247on BSE. It has hit a high of Rs. 256 and a low of Rs. 250 on BSE today.Total tradedquantity on the counter stood at over 1.16 lk shares on BSE.

BEML zooms 7% on blockbuster results - BEML has zoomed over 11 percent to a high ofRs. 1,152 on the back of blockbuster Q4 results. According to a release issued by the companyto the BSE, the company's Q4FY15 net profit soared over 164 percent to Rs. 168.85 crore whencompared with Rs. 63.89 crore in the corresponding quarter a year ago. Total income alsosurged by nearly 61 percent to Rs. 1,311 crore from Rs. 815 crore. The stock is now up 7.7percent at Rs. 1,116. The counter has seen heavy volume of around 126,000 shares so far asagainst the two-week daily average volume of around 61,000 shares on the BSE.

Power Transmission & Distribution Business - The Business has bagged orders worthRs. 517 crores in both the international and domestic markets including add ons.In the domesticmarket, a rural electrification project under the Rajiv Gandhi Grameen Vidyutikaran Yojana(RGGVY) scheme has been bagged in Gorakhpur, Uttar Pradesh, from Purvanchal VidyutVitran Nigam Limited.

On the international front, this business has received an EPC (Engineering, Procurement &Construction) order from a private developer for two 132/11kV substations in the Middle East.

Buildings & Factories Business - The Business has secured an order worth Rs. 300 crores.It is for the design and construction of an integrated foods manufacturing factory in Punjab,from a prestigious client. The scope of work includes civil and structural works, pre-engineeredbuildings, mechanical, electrical, and plumbing works of 8 Lakh Sq. ft. The project isscheduled to be completed in 16 months.

Water Smart World & Communication Business - The Business has secured orders worth

Rs. 282 crores including add ons. One of the orders has been received from a reputed developer

for turnkey construction of water and waste water infrastructure facilities at an upcoming

township at Durgapur, West Bengal.

Reliance Inds recoup losses, up over 0.5% - Reliance Industries witnessed a fresh buying

in early-noon deals and manage to rebound into green zone, on the back of positive news

flow.According to a release issued by the company to the BSE, Reliance Industries today

announced that it has signed a definitive agreement for the sale of its entire holding of 49.9

percent interest in EFS Midstream LLC ("EFS") to an affiliate of Enterprise Products Partners

L.P ("Enterprise") for a total consideration of approximately $ 1,073 mn.So far, the stock has

surged 3 percent from the day's low of Rs. 891 to hit a high at Rs. 918.

Now, Reliance Industries is up over 0.5 percent at Rs. 907, and has seen trades of around390,000 shares as against the two-week daily volume of 304,000 shares.

Allahabad Bank to cut Base Rate by 30 bps to 9.95% from Jun 8 - Allahabad Bank hasinformed BSE that the Bank has decided to cut its BASE RATE and Benchmark Prime LendingRate (BPLR) by 30 basis point, effective from June 08, 2015. Consequently, the BASE RATEwill be reduced to 9.95% from existing 10.25% and BPLR of the Bank will be reduced to14.20% from existing 14.50% with effect from June 08, 2015.At 1:05 PM, the stock of thecompany is trading at Rs. 102.15. The stock is trading down 4% from its previous close whichwas at Rs. 106.55. It hit a high at Rs. 107 and low at Rs. 102. The total traded quantity is 2.39and two-week average quantity is 1.59 lakh.

Royal Enfield sales increases by 41.35% - Royal Enfield has reported 41.35% rise in totalsales in May at 35,354 units as against 25,010 units last year in the same month.The exportsstood at 739 units which is again a rise of 48 precent as 501 was last years figure.TheDomestic sales also jumped to 41.23% comprising of 34,615 units which was 24,509 units inMay 2014.Motorcycles with engine capacity up to 350cc increased by 40 per cent which stoodat 31,227 units earlier it was 22,356 units and the sales of the same company exceeded by 56percent which is 4127 units which was previously 25,654 units.

Apollo Hospitals to acquire 51% stake in Assam Hospitals - Apollo Hospitals Ltd has

entered into agreement for acquisition of 51% stake in Assam Hospitals Ltd.The acquisition

would be for an overall consideration not exceeding a sum of Rs. 57.25 crores.

Maruti Suzuki introduces diesel variant of model Celerio - Maruti Suzuki India Limited,

market leader in passenger vehicles, today introduced the diesel variant of its popular model

Celerio. Maruti Suzuki Celerio, the car that first brought the acclaimed Auto Gear Shift

technology to India, now becomes the first car to offer a super compact diesel engine option to

Indian car buyers. Celerio Diesel offers 27.62 Kmpl , making it Indias most fuel efficient car.

On the launch, Kenichi Ayukawa, MD & CEO, Maruti Suzuki, said, Celerio, powered by

DDiS 125 engine, is Indias most fuel efficient car. This is also the first diesel engine designed

and developed by Suzuki Motor Corporation. It is designed to offer a smooth drive and

strengthens Celerios reputation as a car that offers easy drive in cities as well as on highways.

Reliance Power stock slumps 19% - Shares of Reliance Power Ltd was lower by 18% at

Rs. 41.The stock has hit a high of Rs. 51 and a low of Rs. 41. Total traded quantity on the

counter stood at over 19.36 lk shares.

Unitech stock crashes 45% - Shares of Unitech Ltd crashed by 45% at Rs. 7.40 after the

Reserve Bank of India (RBI) warned on future rate cuts, after reducing the repo rate by 25 basis

points to 7.25 percent.

The stock has hit a high of Rs. 13.58 and a low of Rs. 7.40.

South Indian Bank stock up over 2% - South Indian Bank has jumped 2.3 percent in the

early morning deals on the BSE on getting board approval to increase borrowing limit to Rs.

6,000 crore from Rs. 5,000 crore.According to a release issued to the BSE, the company is also

seeking the approval of shareholders to increase FII limit to 59 percent from 49 percent. The

stock is now up 2.1 percent at Rs. 24.05. The BSE counter has seen trades of around 106,000

shares, as against two-week daily average volume of 388,000 shares.

Sundram Fasteners acquires 49.16% stake in TVS Infotech - Sundram Fasteners Ltd

has announced that it has acquired 49.16% stake in TVS Infotech from Sundram Fasteners

Investments Ltd.SFIL holds 13.10% of equity share capital of TVS Infotech.

ICICI Bank drops on turning ex-dividend - ICICI Bank is trading on a negative note on

the BSE after the stock turned ex-dividend today, for Rs. 5 per share.So far, the stock has

tumbled 3 percent to a low at Rs. 287 and is now down 2.4 percent at Rs. 289.The BSE counter

has registered trades of around 505,000 shares, as against two-week daily average volume of

832,000 shares.

GMR Infrastructure stock down 4% - Shares of GMR Infrastructure Ltd were lower by

4% at Rs. 12. The stock has hit a high of Rs. 13 and a low of Rs. 12. The Group has posted a

net profit / (loss) after tax, minority interest and share of profit / (loss) of associates of Rs.

(8919.00) mn for the quarter ended March 31, 2015 as compared to net profit of Rs. 11701.80

million for the quarter ended March 31, 2014. Total Income has decreased from Rs. 30668.10

mn for the quarter ended March 31, 2014 to Rs. 29977.30 mn for the quarter ended March 31,

2015.

Sebi may ease ESOP rule: Reports - Securities and Exchange Board of India is reviewing

rules on employee stock options (Esops) after new insider trading rules restricted the timing of

sales of such shares, says a report. A report stated that SEBI may allow employees to sell shares

received as part of Esops after pre-clearance from compliance officer or through some other

mechanism.

Bank of Baroda cuts Interest rates on select term deposits by 25 bps - Bank of Baroda

has informed BSE that the Bank has decided to revise rates of interest payable on term deposits

of Below Rs. 1 crore and Rs. 1 Crore to Rs. 10 crore, applicable to the renewal of existing

deposits and fresh deposits, with effect from June 08, 2015.The stock of the company closed

down 0.31% at Rs. 161.25. It hit a high at Rs. 163.85 and low at Rs. 159 on BSE today.On

Wednesday, Dena Bank has reduced its Base Rate by 25 basis points from 10.25 % to 10 %

with effect from June 8.

Top Economy news

Beating its own financial target, the government has contained the fiscal deficit at 3.99 %

of GDP in 2014-15.

With conditions not favouring its progress, Southwest Monsoon is expected to hit the Kerala

coast by June 4, three days after its normal onset date, the MET department said.

The Finance Ministry came out with new three-page income tax return (ITR) forms, dropping

the controversial provision for mandatory disclosure of foreign trips and dormant bank

accounts, while it also extended the last date of filing to August 31.

The annual infrastructure output fell 0.4% year-on-year in April, its second straight contraction,

dragged down by lower production of electricity, crude oil and cement.

Textiles and clothing exports from India recorded a marginal 5.43 % growth in 2014-15 despite

unfavorable government policies which make Indian exports uncompetitive in developed

countries.

The government is mulling to sell eight loss-making ITDC hotels to strategic investors and will

soon work out the moralities of valuation and mode of sale.

With the forecast of monsoon rainfalls revised downwards, the Ministry of Agriculture has

directed states to be ready with contingency plan and start preparations for short duration crops

this kharif season.

RBI Governor Raghuram Rajan delivered the first policy rate cut of the current financial year,

paring the interest rate at which banks can borrow from the central bank to 7.25 % from 7.50%.

(BL)

The Reserve Bank will issue licences to either small finance banks or payment banks by the

end of August end, said RBI Governor Raghuram Rajan.

Agriculture Minister Radha Mohan Singh exuded confidence over tackling deficient monsoon,

minimising production losses and its possible impact on overall economy.

Non-repatriable investments by NRIs, OCIs and PIOs will be treated as domestic investments

and will not be subject to foreign direct investment caps, the Commerce and Industry Ministry

said.

The 161-member World Trade Organization (WTO)urged India to undertake greater reform in

its taxation regime even as it highlighted the need to further liberalise the country's foreign

direct investment (FDI) policy.

Foreign direct investment (FDI) in India declined by 40 % year-on-year to US$2.11 bn in

March 2015, the lowest in the last four months of 2014-15 fiscal.

Top corporate news

ONGC Videsh Ltd is among the 19 companies and seven groups to have pre-qualified to bid

for Mexico's maiden offshore oil blocks auction.

Tata Motors is gearing up to expand its commercial vehicle business in South India, a

stronghold of Ashok Leyland, by adding 15 showrooms and 70 semi-mobile workshops.

Adani Enterprises is mulling to bid for the now-shut Sindri urea plant in Jharkhand as it plans

to foray into the fertiliser sector.

Fresh from its US$4 bn takeover of Ranbaxy, Sun Pharma says it is open to further

acquisitions but will consider only targets "which will not require significant amount of

management involvement".

Snapdeal will allow its users across 200 cities to pay through their credit and debit cards when

they opt for pay-on-delivery option.

Aurobindo Pharma Limited has received final approvals from the US Food and Drug

Administration to manufacture and market anti-infective Metronidazole tablets of 250 mg and

500 mg dosages.

Jet Airways announced a limited period offer of discount of up to 30% on base fares on its

premier and economy-class tickets for travel beyond September 14.

Jet Airways has handed over pink slips to 50 of its expat pilots by prematurely terminating

their contracts, bringing their number to 88, as part of its cost-cutting measures as well as

reducing dependency on the high-cost overseas flight crew.

BHEL said it has bagged a Rs. 3.7bn order for supply and installation of a power cycle piping

(PCP) package for Barh project of NTPC.

BHEL has bagged its largest order amounting to Rs179.5bn from Telangana State Power

Generation Corp (TSGENCO) to set up a 4,000 MW plant at Yadadri.

Hindustan Construction Company said it has sold its entire 26% stake in Mumbai-based

Vikhroli Corporate Park to Blackstone Purchase Entities for about Rs2bn.

IDBI Bank has eased the restrictions on corporate lending after it improved performance

on Priority Sector Lending (PSL) in 2014-15.

Thomas Cook India's subsidiary Quess Corp entered into a pact with Qatar-based Transfield

Services (Qatar) WLL to acquire 49 % stake for an undisclosed amount.

Indian Oil Corp has halved its term oil import deal with Kuwait to 100,000 barrels per day

(bpd) as the refiner cuts its dependence on long-term purchases in favour of cheaper spot deals.

Cairn India, which has suffered due to low oil prices, wants the government to allow it to

export crude oil, quickly extend its contract for the Rajasthan block and increase the price of

natural gas, its finance chief said.

Star India has teamed up with DFL Sports Enterprises, the sales entity of the DFL

(German football league) to bring Bundesliga football to fans in India, Bangladesh, Bhutan,

Nepal, Sri Lanka and Maldives exclusively.

Apollo Hospitals Enterprise Ltd (AHEL) has announced acquisition of majority stake in

Guwahati-based Assam Hospitals Ltd for a consideration of around Rs.572mn. The acquisition

is expected to strengthen Apollo Hospitals' presence in the Northeast

In keeping up with its brand acquisition spree, Emami Ltd has acquired Kesh King -

anayurvedic hair oil brand - the biggest of Himachal Pradesh-based SBS Biotech. The deal has

been valued at Rs16.51bn.

Reliance Industries will produce 23 mn standard cubic meters per day of more gas from five

discoveries in the flagging KG-D6 block by 2016-17, the Oil Ministry said in its latest annual

report.

Reliance Industries will sell its 49.9 % stake in a US joint venture that owns a pipeline

network for transportation of shale oil and gas to New York-listed Enterprise Products Partners

for US$1.07bn.

Reliance Capital plans to set up a global commodity exchange in International Finance

Service Centre at GIFT City here, along with a host of other international business.

Reliance Communications will invest about Rs15-20bn in the current fiscal to increase its

data business.

Tata Global Beverages is planning to make its acquired coffee brand from Australia, Map, a

power brand in its portfolio.

Corporation Bank is keen to raise its current account savings account (CASA) ratio to 25 %

by end March 2016, its Chairman and Managing Director S R Bansal has said.

Future Group said it is removing the packs of Maggi noodles from its stores such as Big

Bazaar, Food Bazaar, Nilgiris, Easyday.

Larsen & Toubro (L&T) bagged a Rs4.68bn contract from the Ministry of Defence for the

design and construction of a floating dock for the Indian Navy (FDN).

L&T Infrastructure Finance Company will raise Rs7.5bn on private placement basis via non

convertible debentures.

With the economy showing signs of revival, Larsen & Toubro has decided to go slow on its

international business by restricting overseas orders to 25 %.

Larsen & Toubro (L&T) said it has bagged orders worth Rs11bn across various business

verticals last month.

Maruti Suzuki India (MSI) launched a diesel variant of hatchback Celerio, powered by parent

Suzuki's first diesel engine, priced between Rs.0.465-0.571mn (ex-showroom Delhi).

Punjab National Bank (PNB) slashed interest rates on fixed deposits by 0.25% on select

maturities, a move which could be seen as precursor to a cut in the lending rate.

Tech Mahindra expects digital revenue to cross US$500 mn by the end of 2015, helping the

company move towards its US$5bn topline target.

PTC India Financial Services said it has raised Rs.2.13bn through a private placement of

non-convertible debentures.

Bharti Airtel said it has approached investors for issuance of 10-year US dollar bonds.

Bharti Airtel said it has raised US$1bn through issuance of 10-year bonds to international

investors.

Indian Oil Corp (IOC) will next week import a shipload of crude oil from Iraq to fill up the

nation's maiden strategic oil reserves to insulate it from supply disruptions.

Infosys said that it has completed the acquisition of Kallidus Inc., a San Francisco based digital

as well as mobile commerce solutions provider which operates under the brand name, Skava.

Aditya Birla Nuvo has informed exchanges that it has entered into definitive joint venture

agreement with MMI Holdings, a leading South African Insurance based financial services

group, to enter into the health insurance and wellness business in India.

Mahindra First Choice Services (MFCS) has projected total investment of almost Rs1.25bn

in Uttar Pradesh over the next five years.

NMDC Limited, has rolled over the existing iron ore prices to June month in anticipation of

demand growth even as the off-take from the domestic steel sector remained subdued in the

past couple of months, according to the officials.

At a time when credit growth has been under pressure for most lenders, ICICI Bank is

confident of growing its loan book 3-4% ahead of the system.

ONGC Videsh is withdrawing from the Poco-Verde area in the Sergipe-Alagoas offshore basin

where Brazil's state-run Petroleo Brasileiro SA recently discovered a new light oil deposit.

Fitch assigned a stable outlook to Power Finance Corporation and Rural Electrification

Corporation.

Suzlon said it has bagged a 90.30 MW turnkey project from ReNew Power.

Nestle's woes are far from over as after Delhi, Gujarat banned the instant noodle snack for one

month.

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