TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

Today nifty future and bank nifty future future open at 7965 / 17194 and made high of 8059 / 17642 and low of

7954 / 17090 . Overall todays trend of nifty and bank nifty is bullish trnd. Nifty fture and bank nifty future close at

7965 / 17370. We can make long postion in nifty future and bank nifty future. It conitnue in bearish trend above

the level of 7992 in nifty and 17387 in bank nifty. According to technical analysis if nifty futures and bank nifty

future moves up trend in tomorrow treading session then 8064 will be small resistance for nifty futures and 17644

for bank nifty futures. If it break this level then then nifty futures can go to 8152 level and bank nifty futures can

touch 18107 level in next few days. It will be hard resistance for nifty futures and bank nifty futures. Meanwhile in

down trend there is small support on 7907 for nifty futures and 1 7092 for bank nifty futures after breaking this

level with volume nifty will take support on 7822 level and bank nifty futures can touch level of 16367 .

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )

NIFTY

DAILY R2 R1 PP S1 S28307 8097 8031 7926 7887

WEEKLY R2 R1 PP S1 S28811 8223 7929 7635 7047

MONTHLY R2 R1 PP S1 S29363 8361 7860 7359 6357

BANK NIFTY

DAILY R2 R1 PP S1 S219023 17919 17367 16815 15711

WEEKLY R2 R1 PP S1 S220538 18298 17178 16058 13818

MONTHLY R2 R1 PP S1 S222482 18784 16935 15086 11388

MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS

NIFTY 7856 8233 8256 8418

BANK NIFTY 16800 17931 18032 18474

PARABOLIC SAR DAILY WEEKLY MONTHLY

NIFTY 7631 8532 8874BANK NIFTY 16044 18868 20650

NSE EQUITY DAILY LEVELS

COMPANY NAME R3 R2 R1 PP S1 S2 S3

ACC EQ 1489 1423 1382 1357 1316 1292 1228

ALBK EQ 85 81 78 77 74 72 67AMBUJACEM EQ 230 221 216 213 211 206 196ASIAN PAINT EQ 873 741 727 809 795 777 731AXISBANK EQ 512 491 479 471 458 450 427BAJAJ-AUTO EQ 2311 2259 2231 2207 2180 2155 2087BANKBARODA EQ 191 181 177 171 167 161 152BANKINDIA EQ 142 135 132 129 125 122 116BHEL EQ 218 212 209 206 203 200 195BHARTIARTL EQ 369 358 354 348 343 337 326CIPLA EQ 725 691 670 658 637 625 597COALINDIA EQ 366 355 351 344 341 334 324DLF EQ 134 125 120 116 111 106 97DRREDDY EQ 4443 4628 4161 4093 3986 3918 3832GAIL EQ 316 301 290 285 275 269 254GRASIM EQ 3571 3471 3419 3371 3319 3271 3189HCLTECH EQ 1004 975 958 947 930 919 895HDFC EQ 1210 1177 1159 1145 1127 1113 1083HDFCBANK EQ 1046 1020 1008 994 982 968 944HEROMOTOCO EQ 2424 2359 2324 2295 2260 2230 2179HINDALCO EQ 81 78 76 74 72 71 68HINDUNILVR EQ 866 848 839 831 821 813 798ICICIBANK EQ 280 269 263 259 253 248 239ITC EQ 330 323 319 317 312 310 304INDUSIND BANK EQ 885 859 850 833 824 807 783INFY EQ 1171 1127 1100 1083 1056 1039 1002JINDALSTEL EQ 916 868 843 819 795 771 739KOTAKBANK EQ 666 637 621 608 592 578 559LT EQ 1628 1584 1559 1539 1514 1494 1457M&M EQ 1197 1156 1131 1116 1090 1075 1042MRF EQ 42185 40584 39517 38983 37916 37382 37112MARUTI EQ 4258 4170 4112 4081 4024 3993 3922ONGC EQ 249 238 232 226 220 215 209ORIENTBANK EQ 139 132 128 125 121 118 111RCOM EQ 63 61 59 58 56 55 54RELCAPITAL EQ 357 337 330 317 310 297 281RELIANCE EQ 885 861 848 836 823 812 796RELINFRA EQ 361 344 332 326 315 308 296RPOWER EQ 41 38 37 36 34 33 31SBIN EQ 242 234 229 226 222 219 213SSLT( VEDL) EQ 104 99 96 94 91 89 86SUNPHARMA EQ 941 904 880 866 843 829 793TATAMOTORS EQ 352 338 330 323 315 308 292TATAPOWER EQ 65 61 58 57 55 53 49TATASTEEL EQ 245 233 226 221 214 209 196UNIONBANK EQ 172 164 160 156 152 148 142

TOP 15 ACHIEVERS // TOP 15 LOOSERS

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION )

1. DISHTV FUTURE : DISH TV FUTURE OPEN AT 109.15 CLOSE AT 109.20 MADE HIGH OF

110.70 AND LOW OF 108.50. ON DAILY CHART OF DISHTV FUTURE RESISTANCE BREAK AT

THE LEVEL OF 110 WE CAN MADE LONG POSITION ABOVE 110.70 AND TARGET WILL WE

115 AND SL WILL BE 108.

2. ZEEL FUTURE : ZEEL FUTURE OPEN AT 398.20 AND CLOSE AT 399 MADE HIGH OF 407 AND

LOW OF 396.10. ON DAILY CHART OF ZEEL FUTURE STRONG RESISTANCE LEVEL OF 395

ARE BREAK WE CAN MADE LONG POSTION IN ZEEL ABOVE THE LEVEL OF 399 TGT WILL

BE 410 AND SL WILL WE 394.

3. HINDPETRO FUTURE : HINDPETRO OPEN AT 766 AND CLOSE AT 761.60 MADE HIGH OF

782.40 AND LOW OF 755.55.ON DAILY CHART OF HINDPETRO MACD GIVES LOWER SIDE

MOVEMENT WE CAN MADE SHORT POSITION IN HINDPETRO FUTURE BELOW THE LEVEL

OF TODAYS CLOSE OF 761.60 TGT WILL BE 740 AND SL 772.

4. BANK BARODA FUTURE : BANK BARODA FUTURE OPEN AT 185.10 AND CLOOSE AT 189.90

MADE HIGH OF 191.65 AND LOW OF 184.30 ON DAILY CHART OF BANK BARODA

SR.NO SCRIPT NAME PREV CLOSE CMP % CHANGE

1 RAJESH EXPORT LTD 461.85 401.55 -13.06

2 EMAMI LTD 1223.15 1095.80 -10.41

3BHARATFORG 1021.85 925.60 -9.42

4 PC JEWELLER LTD 390.65 355.55 -8.99

5 PHARAMA 1534.40 1416.90 -7.66

6 SUN TV 376.25 348.05 -7.50

7SE INVESTMENT 273.35 253.35 -7.32

8 CITY UNION BANK 74.70 88.05 -7.02

9 MUTHOOT FINANCE 165.10 154.45 -6.45

10 ALSTOME T&D INDIA

539.60 511.70 -5.17

11VOLTAS LTD 262.70 251.05 -4.43

12 VIDEOCON INDUS 143.20 137.45 -4-03

13J& K BANK 9390 90.30 -3.83

14 M&M FINANCE 245.80 236.80 -3.66

15 TEXMO RAIIL& ENGIN 106.05 102.50 -3.35

SR.NO SCRIPT NAME PREVCLOSE

CMP % CHANGE

1VENKY INDIA LTD 414.85 514.30

+23.97

2 KIRLOSKAR OIL ENGI 272.95 336.75 +23.37

3SANGAM INDIA LTD 223.70 271.30

+21.28

4 RCOM 55.75 66.40 +19.10

5BALRAMPUR CHINI 44.25 51.30

+15.93

6 WOCKHARDT LTD 1187.10 1364.25 +14.92

7KEC INTERNATIONAL 131.05 149.60

+14.15

8 ADANI ENTERPRISES 68.40 77.95 +13.96

9JUST DIAL 826.05 938.05

+13.56

10 VAKRANGEE 107.90 122.15 +13.21

11AMARA RAJA BATT 901.70 1016.20

+12.70

12 BATA INDIA 1012.65 1140.65 +12.65

13NCC 59.00 6.40

+12.54

14 RPOWER 36.40 40.80 +12.09

15JSW ENERGY 74.15 82.85

+11.73

BOLLINGER BAND MIDDLE BAND WILL BE BREAK TGT WILL WE THE UPPER BAND>WE

CAN MADE LONG POSTION IN BANKBARODA FUTURE FROM THE LEVEL OF 190 TGT WILL

BE 198 SL WILL WE 185.

5. YES BANK FUTURE : YES BANK OPEN AT 766.95 AND CLOSE AT 772.95 MADE LOW OF

766.40 AND HIGH OF 778 TODAY TREND OF YES BANK IS IN BULLISH TREND ON DAILY

CHART IT ALSO MOVES IN BULLISH TREND. WE CAN MADE LONG POSTION IN YES BANK

TARGET WILL BE 800 SL WILL BE 750.

6. JKTYRE : BUY JKTYRE ABOVE 104.50 TGT 108 SL 100.50.

7. YES BANK : BUY YESBANK ABOVE 780 TGT 820 SL 755.

8. GAIL : SELL GAIL BELOW 285 TGT 272 SL 299.25

9. HAVELS : SELL HAVELS BELOW 250 TGT 240 SL 262.50

10. HEXAWARE : SELL HEXAWARE BELOW 235 TGT 205 SL 246.75

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK

✍ Hero Cycles to acquire rival Firefox Bikes - Hero Cycles has acquired rival Firefox Bikes

in an all cash deal, the company announced on Thursday. The deal includes Firefox brand of

cycles, accessories and spares along with exclusive distribution rights of ‘Trek’ and other global

brands. Post the acquisition, Firefox Bikes will continue to remain a separate business entity

with a distinct brand. Firefox has a network of 160 outlets across India and has been growing

its revenue at a 3-year CAGR of 35%. “Through this acquisition, Hero Cycles will further

expand its presence in all major categories of bicycles in India through its various brands such

as Hero Cycles, UT, Firefox and UT Edge," said Pankaj Munjal, Chairman & MD, Hero

Cycles. Hero Cycles will also expand the number of Firefox stores in India at a rate of 25%

from the existing 160 stores.

✍ Jet Airways climbs 1% on raising capital - Shares of Jet Airways ended higher by 1% to

Rs. 336 after the company has raised USD80mn through a joint mop-up exercise with its

partner Etihad. The funds are a part of the $500 million that Etihad raised along with its equity

partners Etihad Airways, Etihad Airport Services, airberlin, Air Serbia, Air Seychelles, Alitalia

and Jet Airways. The scrip opened at Rs. 338.25 and has touched a high and low of Rs. 338.45

and Rs. 334.5 respectively. So far 147033 shares were traded on the counter. The current

market cap of the company is Rs. 3764.7 crore. The BSE group 'A' stock of face value Rs. 10

has touched a 52 week high of Rs. 543.5 on 02-Feb-2015 and a 52 week low of Rs. 203 on

26-Sep-2014. Last one week high and low of the scrip stood at Rs. 351.25 and Rs. 301.65

respectively. The promoters holding in the company stood at 51 % while Institutions and

Non-Institutions held 15.46 % and 33.54 % respectively.

✍ India's edible oil import bill to touch US$14bn - India's annual edible oil import bill will

rise by 14% to ~US$14bn owing to a second consecutive drought, industry body ASSOCHAM

said on Thursday. India is the world’s biggest buyer of edible oil, which is the third-biggest

import item after crude oil and gold. The country imports more than half of its edible oil

requirements in the form of palm oil from Malaysia and Indonesia, and soya oil from Brazil

and Argentina. Monsoon rains were ~12% below normal in 2014 and the forecast is for a

similar shortfall this year as well. “Vegetable oils imports would reach ~US$14bn for FY16

which was actually ~US$10bn last year,” D.S. Rawat, secretary general of ASSOCHAM, said

in a statement. Edible oil imports were worth US$7.2bn in the fiscal year ending March 2014.

✍ SEBI to meet ratings agencies to get the real corporate picture - The Securities and

Exchange Board of India is to hold a meeting with the seven credit ratings companies

including Crisil, ICRA, Care Ratings and India Ratings on Wednesday. The agenda of the meet

is to discuss the ways in which credit profile changes impact the corporate bond market and the

mutual fund industry Companies like Jindal Steel & Power and Amtek Auto have been

downgraded in the recently. This has brewed trouble for the bond players in the market. Sebi’s

attempt to gain an insight into the industry so as to get a realistic picture of the corporate sector

is natural, since mutual funds subscribe to corporate bonds, as per reports. While Sebi has

asked fund houses about their exposure to corporate bonds, the market regulator is also prying

into the ratings processes of the agencies, given the recent downgrade of two large

manufacturing companies, as per the market regulator. The upwardly moving rating raises the

bond prices and lowers yield of the bond. However, with the ratings being downgraded, bond

prices get abated while the bond yield jumps up, said reports.

✍ Cabinet approves Rs. 2,600 crore infusion in India Infrastructure Finance - The Union

Cabinet chaired by the Prime Minister Narendra Modi, has given its ex-post facto approval to

the capital infusion of Rs. 2600 crore made in India Infrastructure Finance Company Ltd. .

During 2007-08 to 2012-13, as approved in the Demand for grants to support the future growth

of the company. The capital infusion was made as approved in the Demands for Grants and

consented by the Finance Minister to support the future growth of the company.

Background:

IIFCL, a wholly owned Government of India company, was, incorporated on January 5, 2006

under the Companies Act, 1956 with an authorized share capital of Rs. 1000 crore. It

commenced its, operations from April 2006. IIFCL was mandated to provide long term debt to

viable' infrastructure projects in terms of the Scheme for Financing Viable Infrastructure

Projects through IIFCL.

✍ Crude oil spikes as US supply falls - US crude oil futures jumped by more than 5% on

Wednesday after a report showed that US crude inventories fell for the first time in three weeks.

October West Texas Intermediate crude rose by US$2.56, or 5.7%, to settle at US$47.15 per

barrel on the New York Mercantile Exchange. November Brent crude on London’s ICE Futures

exchange gained US$2, or 4.2%, to end at US$49.75 a barrel. Early on Wednesday, the US

Energy Information Administration reported a fall of 2.1 million barrels in crude supplies for

the week ended Sept. 11. Analysts had forecast a fall of 200,000 barrels. The EIA data also

showed that total domestic oil production fell by 18,000 barrels last week to 9.12 million

barrels a day. Output for the lower 48 states was at 8.65 million barrels a day, down 35,000

barrels.

✍ Essar Oil to undertake 30 days refinery shutdown - Essar Oil, which owns and operates

India’s second largest single location refinery of 20 MMTPA (405,000 BBL/day) will undertake

a planned shutdown of its Vadinar Refinery for ~ 30 days from September 18th to October 17th

2015. During this period, Essar Oil will undertake major maintenance and inspection jobs of

all its refinery units and also complete the conversion of the Vacuum Gas Oil Hydroteater unit

to Mild Hydrocracker unit . The last such major planned shutdown was taken in Sept/Oct 2011.

There will be no production during this period.

✍ Texmaco Rail to acquire Bright Power Projects; ends marginally higher - Shares of

Texmaco Rail & Engineering ended 1% higher to Rs. 105 after its Board of Directors has

approved acquisition of a majority 76% stake in Bright Power for Rs. 100 crore. The stock is

currently trading at Rs. 104.95, down by -0.1 points or -0.1% from its previous closing of Rs.

105.05 on the BSE. The scrip opened at Rs. 107.4 and has touched a high and low of Rs. 114

and Rs. 104.5 respectively. So far 1027991 shares were traded on the counter. The current

market cap of the company is Rs. 2206.72 crore. The BSE group 'B' stock of face value Rs. 1

has touched a 52 week high of Rs. 171 on 23-Feb-2015 and a 52 week low of Rs. 78.2 on

24-Sep-2014. Last one week high and low of the scrip stood at Rs. 111.1 and Rs. 102.15

respectively. The promoters holding in the company stood at 54.81 % while Institutions and

Non-Institutions held 34.33 % and 10.86 % respectively.

✍ Vedanta-Cairn India merger receives BSE, NSE nod - Vedanta Ltd has received approval

from BSE and NSE on the proposed merger of Cairn India with itself, according to reports.

Report says that the No Objection letters has been issued by the stock exchanges after receiving

comments from market regulator Securities and Exchange Board of India . Earlier in June,

Vedanta Ltd had announced it will absorb oil firm Cairn India in a USD 2.3 billion all-share

deal.

✍ Rupee trades strong; gains limited on persistent dollar demand - Indian rupee after

making a weak start recouped most of its losses and was trading strong on Thursday tailing

gains of local equities. However, persistent demand for the dollar from importers and bit of

negative macro-economic data weighed on the sentiment. On the macro-front, contracting for

the ninth month in a row, India's exports plunged 20.66 per cent in August to $21.26 billion,

widening the trade deficit. On the global front, dollar climbed against a basket of currencies on

Wednesday, underpinned by lofty U.S. yields after upbeat consumer spending data kept alive

expectations the U.S. Federal Reserve would raise interest rates.The rupee is currently trading

at 66.33, little changed from its previous close of 66.36 on Tuesday. The currency touched a

high and low of 66.34 and 66.50 respectively.

✍ Govt opens FDI route through partly paid shares - Government has permitted foreign

investments through partly paid shares and warrants to facilitate FDI in the country, according

to reports. “The government has reviewed the provisions of the extant FDI policy,” the

Department of Industrial Policy and Promotion said in a notification. DIPP also reportedly said

that the nature of these instruments are also of equity and the move would help in attracting

FDI. DIPP also clarified that the facility sharing agreements within two group companies will

not be treated as real estate business.

✍ Kotak Life Insurance introduces Kotak Premier Pension Plan - Kotak Mahindra Old

Mutual Life Insurance announced the launch of Kotak Premier Pension Plan. This is a

participating plan that helps one achieve financial stability, financial security and earn a steady

income while pursuing an active retired life. Sunil Sharma, appointed actuary and chief risk

officer, Kotak Life Insurance said, ''The Life expectancy of Indians is increasing year on year

and therefore living longer is a significant risk. Planning for retirement is crucial to ensure an

active retired life in today's fast evolving times. Kotak Premier Pension Plan will facilitate

retirement planning at an early age in a systematic manner to enable you to manage your

longevity risk. Retirement should be about living life to the fullest, and not just confined to

taking care of rising medical bills. We believe that early planning for retirement enables

customers to pursue their passion, challenge their limits, work for a social cause or learn

something new with confidence post retirement.''Kotak Premier Pension Plan has an exclusive

advantage of guaranteed additions in the first five years as a percentage of the basic sum

assured. For regular and limited premium payment terms, it is 5% per annum and for single

premium payment term, it is 2% per annum.

✍ Suzuki Motor Corp to buy back Volkswagen stake - Suzuki Motor Corp is reportedly

buying back shares worth $4bn from its shareholder and German auto giant Volkswagen AG.

The Japanese automaker will repurchase 122.77 million shares, amounting to nearly $4 billion

as per the Wednesday's share price of 3,842.50 yen per share at the Tokyo Stock Exchange. The

decision was taken after an international arbitration court last month ordered the German

automaker to sell its holding. The details of what Suzuki will do with the shares is still unclear

and the company has not commented on it.

✍ Ashoka Buildcon bags two road projects; closes in red - Shares of Ashoka Buildcon Ltd

ended lower to Rs. 162 after the company has bagged two road projects worth Rs4.4bn from

Karnataka Road Development Corporation Ltd. The stock is currently trading at Rs. 163.4, up

by 0.3 points or 0.18% from its previous closing of Rs. 163.1 on the BSE. The scrip opened at

Rs. 164.05 and has touched a high and low of Rs. 166 and Rs. 162.35 respectively. So far

59677 shares were traded on the counter. The current market cap of the company is Rs. 3051.23

crore. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 221 on

15-Jul-2015 and a 52 week low of Rs. 110.05 on 16-Oct-2014. Last one week high and low of

the scrip stood at Rs. 173.8 and Rs. 158 respectively. The promoters holding in the company

stood at 57.24 % while Institutions and Non-Institutions held 28.85 % and 13.92 %

respectively.

Top Economy news

Indian industry posted strong growth in July with solid gains in manufacturing. Industrial

production rose 4.2% in July, just a shade below the upward revised figure of 4.4% in June,

according to data released by the statistics office.

Government is expected to extend the interest subsidy scheme for exporters for 3 years to help

boost overseas shipments that have been in the negative zone since last December.

National Bank for Agriculture and Rural Development financial inclusion training programs

have resulted in bank deposits of self-help groups rising by as much as 88% to cross Rs170bn

as on March 2015 in India, as against Rs90bn in the previous year.

State-run Indian Renewable Energy Development Agency has deferred its plan to raise Rs6bn

by issuing tax-free bonds through private placement till the month-end.

Illicit trade across seven manufacturing sectors caused a whopping Rs392bn loss to the

government exchequer in 2013-14, says a report by FICCI Committee Against Smuggling and

Counterfeit Activities Destroying the Economy.

In order to meet future water requirements, especially in smart cities, the Centre will come up

with fresh guidelines on saving, storing and recycling it, Union Environment Minister has said.

Finance Minister has announced a 20% safeguard duty on imported steel.

India’s wholesale inflation remained in the negative territory for the tenth straight month in

August at -4.95%. The retail food inflation rose to 2.2% in August versus 2.15% in July mainly

on account of supply shortage of onion and pulses.

India's urea imports have increased 43% to 3.06 mn tonnes in the first five months of the

current financial year.

India will in next few days pay Iran US$700mn to clear more than one-tenth of the outstanding

oil dues, ahead of the expected lifting of sanctions against Tehran.

Aiming to enhance the country's image as a friendly investment destination, the government

along with World Bank has released a state-wise report on the ease of doing business - a report

in which Gujarat has topped with a score of 71.14%.

Contracting for the ninth month in a row, India's exports plunged by 20.66% in August to

US$21.26bn, widening the trade deficit. Gold imports rose by 140% to US$4.95bn in the

month under review from US$2.06bn in August last year.

Ministry of New and Renewable Energy expects Rs360bn public investment forthcoming into

setting up of green energy corridors across high density solar-fed states of the country.

The government is likely to approve a marginal reduction in the corporation tax rate of up to

1.5% in the Union Budget for 2016-17, while simultaneously setting a sunset date for most

open-ended tax benefit schemes for business.

The government will allow commercial lumber enterprises and other industries having a

sustainable development model to use forestlands, Union Minister for Environment, said at the

10th Confederation of Indian Industry Sustainable Summit.

India needs 50-100 basis points of interest rate cut, Arvind Panagariya, a senior government

adviser, said, adding to a growing clamour within the government for further monetary easing

to juice up economic growth.

Consumer inflation was expected to have slowed to a record-low in August, hit by slack global

energy costs and low food prices, a Reuters poll found, likely increasing pressure on the central

bank to cut rates at its meeting later this month.

Uttar Pradesh expects to sign as many as 40 agreements entailing investments worth of over

Rs330bn across diverse sectors, a senior official said.

The government is targeting an 8 to 10% annual economic growth through supply-side

measures to increase the capacity of Asia's third-largest economy, the junior finance minister

Jayant Sinha reportedly said.

Jayant Sinha reportedly said that the government had ramped up public investment by 40% this

year.

RBI Deputy Governor Urjit Patel on Thursday said that the central bank expects India's current

account deficit around 1.5% of GDP in the current fiscal year.“This year, our current account

deficit would be in the region of 1.5% of GDP,” he said at an event in New Delhi organised by

industry body FICCI.For the first quarter ended June, CAD narrowed to 1.2% of GDP at

US$6.2bn.On interest rates, Patel said that low inflation over medium-to-long term will help

bring down the cost of capital.Retail inflation slipped to a record low of 3.66% in August while

WPI inflation fell to a historic low of (-) 4.95%.Patel also said that fiscal deficits of both, the

central and state governments also play an important role in the cost of capital as they are the

largest borrowers.

The Central Government has notified the contributions miners would be required to make to

the District Mineral Foundations,. Existing mining lease holders would be required to pay 30%

of the applicable royalty to the DMFs while those who win the mining leases in the auctions

will be required to pay 10% of the applicable royalty.

Prime Minister Narendra Modi has favoured scrapping of the 5/20 eligibility rule that bars

Indian carriers from flying overseas until they complete five years of domestic service and have

a fleet of 20 aircraft.

Kharif foodgrain production is expected at 124.05 million tonnes this season, 1.79% less than

last year, as per the first advance estimate of the agriculture ministry. In a statement issued, the

ministry attributed the likely fall in production to deficit rains in some states.

Top Corporate News

Reliance Industries has successfully tested presence of natural gas in one of the two KG-D6block natural gas discoveries which the sector regulator DGH had previously refused torecognise.

Reliance Group’s Reliance Energy launched full service Android mobile app, which will allowaccess to all power supply related services and information in Greater Mumbai.

Tata Motors signed an agreement with French major Total Lubrifiants for supply of highperformance lubricants across the homegrown auto major's sales and service points in theglobal market.

Sun Pharmaceutical Industries Ltd, India's largest drugmaker by sales, said it is looking todivest a manufacturing plant in Ireland as it tries to control costs that have spiralled since itbought Ranbaxy Laboratories Ltd.

Tata Steel has announced that it has started producing coke at its Kalinganagar project inOdisha. In the 3.3 mn tonnes first phase of the project, the steel plant will have two coke ovenbatteries, each comprising 88 ovens and having a gross coke production capacity of 1.5 milliontonnes a year.

As part of its global expansion drive, two-wheeler major Hero MotoCorp plans to set upmanufacturing facilities in Mexico, Argentina and Brazil and expects to utilise the newColombian plant as a hub to export to nearby countries.

Steel Authority of India Ltd has taken up Rs18bn upgradation and repair programme atBokaro Steel Plant in Jharkhand.

Maruti Suzuki India launched a limited edition version of its popular model WagonR, namedAvance, with prices starting at Rs0.43mn.

Nestle India, whose flagship brand 'Maggi' had faced countrywide ban over alleged excessivelead content, will be using consumer engagement and digital marketing platforms tore-establish consumer trust in the product before bringing the popular instant noodles back tothe table by the year-end.

JK Tyre has agreed to acquire a tyre manufacturing unit from BK Birla's Kesoram Industriesfor Rs22bn.

Cairn India's US$1.25bn loan to its promoter group, which had spooked investors, was usedby Vedanta Ltd to repay another inter-company loan taken for acquisition of the oil company.

Tata Motors introduced a special edition of its compact sedan Zest priced up to Rs0.7mn to

mark the first anniversary of the launch of the model.

Natco Pharma, which has filed a pre-grant opposition with the Indian Patent Office pulleditself out from the litigation after it has entered into a licensing agreement with Gilead.

Tata Teleservices has become first company to commercially deploy indigenously developedenergy monitoring technology by Telecom Center of Excellence at 500 mobile towers.

Mahindra & Mahindra Ltd has launched their much-awaited compact SUV - TUV300 andalso confirmed that they will be launching their first-ever in-house developed petrol enginewith the upcoming S101, it will be a 1.2L unit.

Indiabulls Housing Finance Ltd said it has raised Rs40bn by allotting over 56.9 mn shares toqualified institutional buyers.

Maruti Suzuki has unveiled a limited edition of WagonR for 3 months called the WagonRAvance at Rs0.42mn, ex-showroom.

Asian Paints (International) Ltd has transferred the entire holding in its subsidiaries to BergerInternational Limited, Singapore to consolidate investments of the company in overseassubsidiaries.

Corporation Bank said LIC will infuse Rs1.4bn into the bank by way of preferential equity.

Ashoka Buildcon Ltd said it has bagged two road projects worth Rs4.4bn from KarnatakaRoad Development Corporation Ltd .

Siemens Ltd said it has bagged an order worth Rs. 810mn from Diesel Locomotive Works(DLW), Varanasi.

The Board of Approval under the Union Commerce Ministry has extended the validity of theapproval given for setting up of a Special Economic Zone by Tata Steel at Gopalpur in SouthOdisha up to 17th December, 2015.

The Mahindra& Mahindra Ltd group today announced its debut into the e-commerce spacewith the launch of M2ALL.Com, an e-marketplace for Mahindra products and services.

Bharat Aluminium Company Limited, a subsidiary of Vedanta Limited, has begun the officialprocedure to close down its sheet rolling division and foundry at Korba in Chhattisgarh.

Jet Airways might make Amsterdam its gateway for flights to America and Canada. At present,the airline flies daily from Mumbai and Delhi to Newark and Toronto via Brussels.

Dr Reddy’s Laboratories announced the signing of a commercialization deal with Hatchtech,an Australian pharmaceutical company that has developed a prescription head lice product,Xeglyze Lotion.

Essar Oil will shut its 4,05,000 barrel-per-day Vadinar refinery in Gujarat for about four weeksto carry out maintenance work.

National Aluminium Co said that the ministry of coal has allotted Utkal -D & E coal mineslocated in Odisha in favour of the company for it to be able to meet its captive requirements atthe Angul district.

Biocon has opened a manufacturing facility to make devices for its insulin portfolio. The100,000 square feet new devices facility will make pen-like devices that diabetes patients canuse for their insulin needs.

Tata Motors is planning to open three new assembly plants for its medium and small trucksthis year. Tata Motors will be opening new assembly plants in Nigeria, Mauritius, Vietnam thisyear. The company will be spending around Rs1.2-1.5bn in the process.ONGC may bid for some of the smaller fields it earlier surrendered as unviable following theunveiling of a new government policy to develop marginal oil and gas blocks.

Tata Motors-owned Jaguar Land Rover has entered the SUV market with the launch of F-Pacemodel here which is expected to hit the Indian market in the second half of 2016.

Leading diagnostic chain Dr Lal PathLabs is planning to go public and has filed draft paperswith market regulator Sebi to raise funds through an IPO.

Fueled by rumours of accidental death of one of the labourers, two worker groups clashedwithin the labour colony near Reliance Industries Limited Jamnagar refinery site.

Power Grid said its shareholders have approved a proposal to raise up to Rs140bn throughissuance of bonds from domestic and external sources in 2016-17.

Aditya Birla Group flagship UltraTech Cement has got Environment Ministry's clearance toexpand capacity at its Awarpur plant in Maharasthra, which would entail an investment ofRs2.48bn.

State gas utility GAIL India has re-invited bids to hire nine newly-built LNG ships onmodified terms that allow Indian shipyards to pick up to 13% stake in three of these carriersthat shipbuilders have to make in the country.

PTC India Financial Services Ltd said that it has sanctioned loans of about Rs10bn for cleanenergy projects in the country.

Jindal Stainless said it will temporarily shut down operations of the ferro alloys unit inVizianagaram due to differences between the management and workers.

GMR Energy said its two gas- based plants in Andhra Pradesh having a capacity of 1,138 MWwill get government subsidy on use of re-gasified liquefied natural gas for six months fromOctober to March.

Biopharma firm Suven Life Sciences said it has been granted one patent each in five nations, including China and Israel, for a drug used in the treatment of neurodegenerative diseases.

Complementing the “Make in India” vision, Greaves Cotton Ltd, one of India’s leadingengineering companies launched its new range of farm equipment products ahead of the kharifharvesting season.

Orchid Chemicals and Pharmaceuticals Ltd is planning to convert most its Rupee term loansof over Rs15bn into foreign currency loans, in order to save the higher interest paid at present.

ABB has won orders worth around Rs1.19bn to provide plant electrification, automation andsubstation solutions for solar power plants. Spread across Karnataka, Tamil Nadu and Andhra

Pradesh, these projects will connect over 850 megawatts of solar energy to the grid and will beamong the biggest solar projects worldwide.

Parry (India) Ltd is planning to expand its branded sugar portfolio with value added products.The company has launched Parry's Amrit, an original cane sugar, and plans to launch two moreproducts in an years' time, said senior management from the company.

Equity shares of the newly merged city gas distribution player, Gujarat Gas Limited, will belisted to dealings of exchanges from Tuesday.

Piramal Enterprises is within striking distance of taking control of Infrastructure Leasing &Financial Services India's largest unlisted infrastructure developer and financier.

Jubilant DraxImage Inc, a wholly-owned subsidiary of Jubilant Life Sciences Ltd, enteredinto an agreement with the Australia-based Cyclopharm Limited granting DraxImage anexclusive license to market and distribute Technegas in the US.

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