TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

Nifty futures/Bank Nifty futures market closed on 7978.70 / 17500.20. According to technical analysis if Niftyfutures and Bank Nifty future moves up-word in tomorrow treading session then 8065 will be small resistance forNifty futures and at the same time 17820 will be small Resistance for Bank Nifty futures, if it break this level thenthen Nifty futures can touch 8139 level and Bank Nifty futures can touch 18725 level in next few days. It will behard resistance for Nifty futures and Bank Nifty futures. Meanwhile in revers there is small support on 7887 forNifty futures and 17105 is for Bank Nifty futures after breaking this support with volume there is big support forNifty futures on 7747 and 16457 for Bank Nifty futures.

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

DAILY R2 R1 PP S1 S28175 8031 7968 7905 7779

WEEKLY R2 R1 PP S1 S28697 8247 8022 7797 7347

MONTHLY R2 R1 PP S1 S29790 8684 8131 7578 6472

PIVOT POINT BANK NIFTY

DAILY R2 R1 PP S1 S218453 17730 17369 17008 16285

WEEKLY R2 R1 PP S1 S219463 18139 17477 16815 15791

MONTHLY R2 R1 PP S1 S223027 19565 17833 16102 12640

MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS

NIFTY 8252 8362 8555 8376BANK NIFTY 18072 18181 18718 17968

PARABOLIC SAR DAILY WEEKLY MONTHLY

NIFTY 8627 9698 9697BANK NIFTY 18256 19298 20923

NSE EQUITY DAILY LEVELS

COMPANY NAME R3 R2 R1 PP S1 S2 S3

ACC EQ 1456 1424 1409 1392 1377 1360 1328ALBK EQ 94 92 91 90 89 88 86AMBUJACEM EQ 231 224 220 217 213 210 204ASIAN PAINT EQ 752 731 719 710 698 689 669AXISBANK EQ 566 556 551 546 541 536 526BAJAJ-AUTO EQ 2448 2353 2313 2257 2218 2161 2066BANKBARODA EQ 154 150 148 146 144 142 139BANKINDIA EQ 179 176 174 172 170 168 165BHEL EQ 255 250 247 244 242 239 234BHARTIARTL EQ 424 417 415 411 409 405 398CIPLA EQ 607 593 586 579 572 565 550COALINDIA EQ 411 404 400 396 392 389 382DLF EQ 116 111 109 106 104 102 97DRREDDY EQ 3392 3356 3336 3320 3300 3284 3248GAIL EQ 409 402 398 394 391 386 379GRASIM EQ 3461 3406 3383 3351 3328 3297 3242HCLTECH EQ 956 925 906 894 875 863 832HDFC EQ 1254 1217 1204 1180 1167 1143 1106HDFCBANK EQ 1028 1013 1007 998 993 984 969HEROMOTOCO EQ 2583 2543 2521 2502 2481 2462 2422HINDALCO EQ 123 120 118 117 115 114 111HINDUNILVR EQ 836 825 819 815 809 804 793ICICIBANK EQ 305 298 295 291 288 284 277ITC EQ 308 303 300 297 295 292 287INDUSIND BANK EQ 841 819 810 797 788 775 753INFY EQ 2117 2049 2006 1982 1938 1914 1847JINDALSTEL EQ 101 97 95 93 91 89 85KOTAKBANK EQ 1355 1320 1307 1285 1272 1250 1216LT EQ 1728 1695 1674 1662 1641 1629 1595M&M EQ 1222 1205 1198 1187 1180 1169 1151MRF EQ 33304 32514 32088 31724 31298 30934 30144MARUTI EQ 3788 3751 3733 3714 3695 3676 3639ONGC EQ 307 304 303 301 300 298 295ORIENTBANK EQ 183 178 175 173 170 168 163RCOM EQ 61 59 58 57 56 55 53RELCAPITAL EQ 359 351 347 344 339 336 328RELIANCE EQ 915 901 895 886 880 872 857RELINFRA EQ 380 369 362 358 351 347 336RPOWER EQ 47 46 45 44 43 42 41SBIN EQ 260 257 255 253 251 249 246SSLT( VEDL) EQ 195 189 186 183 180 178 172SUNPHARMA EQ 850 832 823 815 8025 797 780TATAMOTORS EQ 446 434 426 422 414 409 397TATAPOWER EQ 77 74 73 71 70 68 65TATASTEEL EQ 310 304 300 297 293 290 283UNIONBANK EQ 152 147 145 143 141 138 134

TOP 15 ACHIEVERS // TOP 15 LOOSERS

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION )

1. ICICI BANK ( BULLISH ) - The way the moving averages from the hourly chart isindicating. Our expectation that probably Rs 10-12 jump could be seen on the stock. It isfavorable to go long on ICICI Bank keeping a risk reward 1:2 and stop loss at Rs 282.

2. VOLTAS ( BULLISH ) - The stock is above 200 day moving average. If we are looking atthe price pattern it is forming a bullish pattern on the daily chart.According technical analysisRs 360 could be a possible short-term target with stop loss of near to Rs 320

3. ALBK ( BULLISH) - According to technical analysis if ALBK moves up-word intomorrow treading session then It can touch level of 99.65. Traders can long in ALBK withstop loss of 87.

SR.NO

SCRIPT NAME PREVCLOSE

CMP % CHANG

1 ESSAR OIL LTD 100.55 139.65 +38.89

2 CHENNAI PETRO 104.30 134.15 +28.34

3 LT FOODS LTD 124.40 153.15 +20.21

4 BEML LTD 1061.35 1241.95 +17.02

5 EROSINTERNATIONAL

427.75 499.15 +16.69

6 TIL LTD 494.55 563.35 +13.91

7 BHUSHAN STEEL 51.15 57.65 +12.71

8 HOTAL LEELA VEN. 17.15 19.30 +12.54

9 DISH TV 97.05 105.80 +9.02

10 BAJAJ ELECTRICAL 271.75 294.05 +8.21

11 BAJAJ FINANCE LTD 4324.85 4676.45 +8.03

12 PUNJAB CHEMICALS 204.80 221 +7.91

13 JUBILIANT INDU. 137.40 148.10 +7.79

14 RAJESH EXPORTS 221.40 237.55 +7.29

15 TORRENT PHARMA 1203.60 1280.60 +6.40

SR.NO SCRIPTNAME

PREVCLOSE

CMP % CHANG

1 FINEOTEXCHEMICAL

157.95 33.25 -78.95

2 SE INVESTMENTS 252.35 197.75 -21.65

3 SUN TVNETWORKS

349.45 287 -17.87

4 JP ASSOCOATES 13.05 10.75 -17.62

5 JET AIRWAYS 319.80 264.45 -17.31

6 ADANIENTERPRISES

109.75 93.95 -14.40

7 JP INFRA LTD 13.95 11.95 -14.34

8 IFB INDUSTRIES 509.80 437.75 -14.13

9 FUTURELIFESYTLE

78.50 68 -13.38

10 ABAN OFFSHORE 348.75 303.25 -13.05

11 SYMPHONY 2405.70 2098.80 -12.76

12 INDIABILLS REALESTA

50.60 44.15 -12.75

13 UNITECH LTD 8.65 7.55 -12.72

14 JK TYRE & INDU. 99.20 87.20 -12.10

15 PNB 149.85 131.90 -11.98

CURRENCY MARKET

USDINR R2 R1 PP S1 S2

DAILY 64.969 64.469 64.219 63.969 63.469

WEEKLY R2 R1 PP S1 S265.720 64.715 64.213 63.710 62.705

MONTHLY R2 R1 PP S1 S266.110 64.870 64.250 63.630 63.390

EURINR R2 R1 PP S1 S2

DAILY 74.018 72.658 71.978 71.298 69.938

WEEKLY R2 R1 PP S1 S276.911 73.641 72.006 70.371 67.101

MONTHLY R2 R1 PP S1 S282.196 75.136 71.606 68.076 61.016

JPYINR R2 R1 PP S1 S2

DAILY 52.600 52.180 51.970 51.760 51.340

WEEKLY R2 R1 PP S1 S255.257 52.967 51.822 50.677 48.387

MONTHLY R2 R1 PP S1 S255.292 53.0025 51.8575 50.3825 48.422

GBPINR R2 R1 PP S1 S2

DAILY 100.349 99.789 99.509 99.229 98.669

WEEKLY R2 R1 PP S1 S2104.462 100.817 98.995 97.172 93.527

MONTHLY R2 R1 PP S1 S2107.397 101.797 98.997 96.197 90.597

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK

ONGC plans to invest Rs 41,678 crore - Oil and Natural Gas Corp is planning to invest Rs41,678 crore for bringing to production newer oil and gas fields and redeveloping ageing fields,according to reports.A report said that company produced 25.94 million tonnes of crude oil and23.52 billion cubic meters of gas in 2014-15. The company will invest Rs 24,188 crore indevelopment of six projects both on the east and west coast and another Rs 17,490 crore will bespent on redeveloping its prime Mumbai High fields, says report.According to reports, thecompany will also invest Rs 6,086 crore in western offshore Daman field development toproduce 27.67 billion cubic meters (bcm) of gas by 2034-35

Reliance Power stock flat after signing MoU - Reliance Power is trading on a positivenote in early morning deals on the BSE, after the company signed a new MoU. According to arelease issued by the company to the BSE Reliance Power on Saturday signed a Memorandumof Understanding (MoU) with government of Bangladesh to develop 3,000 MW of powercapacity. So far, the stock has touched a high at Rs. 46.40, and is now up nearly a percent at Rs.45. The counter has registered trades of around 476,000 shares as against the two-week dailyaverage volume of 1.4 million shares.

Eros International stock zooms 14% - Shares of Eros International Media Ltd surged14% to Rs. 504 after the company said that it has no plans to delist from the BSE and NSE andhas not started any process formal or informal with respect to this. The stock has hit a high ofRs. 530 and a low of Rs. 452. The Group has no concrete plans to foray in Television marketand is currently focusing on its digital strategy. Furthermore, the Company is in control of itsown strategy and has all the shareholders interests in mind while devising and executing thesame.

Essar Oil gains on bargain buying - Essar Oil continues to trade near the highest level ofthe day at Rs. 104 - with a surge of almost 3 percent at Rs. 102.60, on the BSE, on account ofbargain hunting after the stock tumbled nearly 6 percent in the preceding six tradingsessions.On the BSE, so far 35,000 shares have been traded at the counter as compared to itstwo-week daily average volume of 50,000 shares.

Indian Bank reduces base rate, BPLR by 30bps - Indian Bank has reduced the Base Ratefrom 10.25% to 9.95% per annum and the Benchmark Prime Lending Rate (BPLR) by 30 basispoints from 14.50% to 14.20% per annum with effect from June 08, 201

Federal Bank cuts rates on term deposits - Federal Bank has cut the Interest rates ofResident Term Deposits from 18 June 2015.The interest rate on term deposits from 60 days toless than 1 year have been cut from 4% per annum to 3.5%. The annual Interest rate for 1 yeardeposit stands at 8.25% from 18 June 2015 as against 8.5% earlier. The interest rate for deposits

above 1 year to less than 2 years is now at 8.25% annually as against 8.4% earlier.

ITC plans to invest Rs.8,000 crore - ITC is planning to invest Rs.8,000 crore in Telanganato expand paper business, according to reports. Further details are awaited.

Cairn India, Vedanta in focus - Cairn India and Vedanta are in focus following newsreports that the companies' boards are scheduled to meet this Sunday to discuss themerger.According to reports, the Anil Agarwal group companies' boards will discuss the mergerplan and fix the merger ratio. The aim of the merger is to consolidate businesses and cutdebt.Vedanta has spurted over a percent to Rs. 187, while Cairn India has slipped 1.5 percent toRs. 182.

Torrent Power soars on shareholders nod for amalgamation - Torrent Power has soared4 percent to a high of Rs. 152 on receiving shareholders nod for the planned amalgamation ofgroup companies.According to a release issued by the company to the BSE, Torrent Powershareholders have approved the amalgamation of Torrent Energy and Torrent Cables withitself.The stock is currently trading at the highest point of the day, with trades of around 46,000shares in the first few minutes on the BSE.

TVS Motor stock surges on receiving new patent - Shares of TVS Motor Company werehigher by 2% at Rs. 228 on reports that the company has bagged a patent for technology relatedto three-wheeler engines.The stock has hit a high of Rs. 230 and a low of Rs. 225.Total tradedquantity on the counter stood at over 0.86 lk shares.

TCS is the largest dividend payer in FY15 - Tata Consultancy Services (TCS) is thelargest dividend payer in India Inc this year.A report says that Tata Group company paid adividend of Rs 15,474 crore to shareholders in FY15.While Coal India cut its dividend payoutby 28.6% to Rs 13,075 crore ONGC's payout remained same at~ Rs 8,128 crore.In year1995-96, Reliance Industries was the biggest payer, ahead of ONGC and Steel Authority ofIndia (SAIL).

Chennai Petro at fresh 52-week high - Chennai Petroleum Corporation extended gains inearly morning trades after releasing its events calendar recently.According to the company'sevents calendar, the company by way of postal ballot has sought shareholders nod forincreasing borrowing limit up to Rs. 8,000 crore, to raise funds by way of issue of bonds by Rs.3,000 crore on private placement basis and/ or to mortgage moveable /immoveableproperties.The postal ballot is supposed to get over by 15 July, 2015, and the results will beannounced by 15 August, 2015.The stock was locked at the 20 percent upper circuit at Rs. 125,and zoomed another 14 percent to hit a fresh 52-week high of Rs. 142.The stock is now up 7percent at Rs. 134. The counter has seen trades of around 1.53 million shares so far on the BSEas against the two-week daily average volume of around 263,000 shares.

Essar Oil zooms on heavy volume - Essar Oil is trading on a stellar note, in an otherwisesubdued market, on the back of renewed buying interest at the counter.The BSE counter so farhas registered trades of around 1 million shares, as against two-week daily average volume of

31,000 shares.So far, the stock has zoomed 17.8 percent to hit a high at Rs. 123 and is now up12.5 percent at Rs. 118.

Ashok Leyland slips 3% - Shares of Ashok Leyland Ltd were trading lower 3% at Rs.65.40 on seeking shareholder nod to issue NCDs up to Rs.300 cr on private placement basis.The stock opened at Rs. 68 as against the previous close of Rs. 67.40 on BSE. It has hit a highof Rs. 68.30 and a low of Rs. 65.80 on BSE today.Total traded quantity on the counter stood atover 8.22 lk shares on BSE.

Bajaj Electricals bags new orders worth Rs. 84.54 crore - Shares of Bajaj ElectricalsLtd were trading higher 1.4% at Rs. 283.20 on BSE today. The company has bagged 3 neworders from Odisha Power Transmission Corporation Ltd worth Rs. 84.54 crore. The stockopened at Rs. 284 as against the previous close of Rs. 279.25 on BSE. It has hit a high of Rs.291.35 and a low of Rs. 281.10 on BSE today.Total traded quantity on the counter stood at over1.05 lk shares on BSE.

RIL gains ahead of AGM - Reliance Industries (RIL) is trading on a positive note ahead of41st annual general meeting AGM later in the day.The street is expecting RIL to unveil detailsfor the 4G launch by its telecom venture Reliance Jio Infocomm. And also RIL's strategy onexpanding its fuel outlet network and expectations of earnings from its expanded petrochemicalcapacity will also be watched.The stock is now up 1.3 percent at Rs. 881. The BSE counter hasregistered trades of around 67,000 shares, when compared with two-week daily average volumeof 378,000 shares.

BHEL gains on Shrinagar HEP unit - BHEL has bounced back into the positive zone andjumped to a high of Rs. 247, from an early morning low of Rs. 242 - up over 2 percent inintra-day deals on successfully commissioning the Shrinagar unit in Uttarakhand. According toa release issued by the company to the BSE, the company by successfully commissioning thefourth unit of 82.5 MW, has commissioned the 330 MW Shrinagar Hydro Electric Project(HEP) in Uttarakhand.The all four units of this project have been commissioned in quicksuccession of just 60 days, the release added.The stock is now up over a percent at Rs. 246. Thecounter has seen trades of around 46,000 shares as against the two-week daily average volumeof around 450,000 shares on the BSE.

Suzlon gains after HSBC lifts rating - Suzlon Energy continues to trade on a firm note onthe BSE, after media reported that HSBC has raised its rating to 'Buy' from 'Hold' and alsoraised its target price by 6.3 percent to Rs. 30 per share.Now, the stock is trading at the highestlevel of the day - with a jump of around 3 percent to Rs. 21.85.So far 3.4 million shares havechanged hands at the counter, as against the daily average volume of 8.6 million shares in thepast two weeks.

Bharti Airtel wins MCG contract to launch Wi-Fi services in Gurgaon - Bharti AirtelLimited (Bharti Airtel), a leading global telecommunications company with operations in 20countries across Asia and Africa, today announced that it has won the mandate for the launch ofWi-Fi services in Gurgaon from the Municipal Corporation of Gurgaon (MCG). With this,Airtel has become the preferred partner to provide residents of the Millennium City anopportunity to connect to world-class internet experiences on the move. Airtel will soon roll-out

the Wi-Fi services in MG Road, Sadar Bazaar, Sector 29, Sirhaul Village and Leisure ValleyPark providing residents with mobile internet at a speed of 2mbps.The Wi-Fi services will be anopen platform for mobile phones users with Wi-Fi compatible devices in these localities with adaily quota limit of 30 minutes per day per device. Post 30 minutes while users can continue touse the Wi-Fi services, they will be charged a nominal amount and can also consume data fromtheir data packs. Users will also be able to buy online vouchers with affordable deals tocontinue accessing the Wi-Fi services.

Vacancies for MD & CEO at PSBs: Top panel headed by Raghuram Rajan to interviewpotential candidates - Candidates from private sector banks have been shortlisted for nextweek's interviews for the post of CEO and MD at five large banks, according to a mediareport.The banks include PNB, BOB and Canara Bank. The tenure of the CEO & MD is threeyears. Over 26 candidates are to appear for the interview on June 15 and 16, the report added.Ahigh level search panel headed by RBI Governor Raghuram Rajan will interview candidates,they said.Among the 26 candidates, about 7 existing executive directors of the various publicsector banks have been shortlisted for the interview.Besides, executives from private sectorbanks would appear for the interview. This is the first time when executives from private sectorbanks would be part of the selection process for top jobs in Public Sector Banks.However, thedepartment did not find adequate number of candidates as per the eligibility criteria. So, itrelaxed the norms in April, the report added.

Top Economy newsIn a raft of changes to make it easier for businesses to operate in the country, the governmenthas relaxed norms for private companies including those pertaining to related partytransactions, acceptance of deposits and auditor appointments.

India's exports are likely to remain flat at USD 310.5 billion-level or may even fall thisfinancial year due to slow global demand for merchandise, Assocham has said.

RBI allowed banks to take control of debt-laden companies by converting loans into equity, if adebt restructuring fails to revive them within a stipulated timeframe.

India may not be able to export dairy products to Russia due to stiff conditions set by the latter,including that interested companies should possess at least 1,000 milking animals.

Jharkhand government has decided to invest Rs.3bn in the current fiscal to develop roadconnectivity in the state.

Union Home Minister Rajnath Singh said the Centre has approved construction of a 100-kmlong ring road, costing over Rs30bn, to decongest the expanding state capital.

Union Railway Minister Suresh Prabhu has said that the Government will invest Rs8,500bnover the next five years to develop the nation's railway services.

The countrys current account deficit (CAD) narrowed sharply to USD1.3bn, or 0.2% of GDP,in the fourth quarter of the last financial year on a sequential basis mainly on account of a lower

trade gap. The same shrank to 1.3% of GDP for full financial year 2014-15.

The government approved Rs47bn highways projects in Madhya Pradesh and Telangana underits flagship highways building programme NHDP.

Data for the first two months of the financial year show a sharp fall in demand for newscooters, indicating a possible slowdown now creeping into urban and semi-urban markets.Data from SIAM shows scooter sales growth declined sharply to under 4% in April and May, at708,825 units. In the same period last year, the segment had growth of 25%.

Global prices of pulses have gone up by about 30% to 40% during last two to three months dueto fear of drought in India, the largest importer and consumer of the vegetarian source ofprotein.

The Cabinet Committee on Economic Affairs (CCEA) approved two road projects, one inMadhya Pradesh and another in Telangana. The projects will be executed under the flagshiproad building programme National Highways Development Project (NHDP) at a cost ofRs47.21bn.

Top corporate newsIdea Cellular has hiked mobile data rates by up to 100% for pre-paid customers in the NCRregion.

Aditya Birla Nuvo announced a joint venture with a leading South African financial servicesfirm MMI Holdings Ltd., to foray into the health insurance and wellness business in India.

Britannia Industries has expanded its premium biscuit offerings by launching premiumchocolate centre filled biscuit - Pure Magic Choco Lush. Choco Lush contains 40% chocolate.

United Breweries (Holdings) Ltd is seeking shareholders nod for its plans to earmark up toRs500mn for investment and loan purpose, including provision of an immediate loan of up toRs250mn to UB Engineering.

Sun Pharmaceutical said court convened meeting of its shareholders has approved the schemeof amalgamation of Sun Pharma Global Inc with itself.

Tata Communications is expanding its recently launched Media Ecosystem globally,combining traditional video contribution services with IP-based connectivity to create a highlyinnovative global media platform.

Reliance Power said it will invest USD3bn to set up a mega power plant and a floating LNGimport terminal in Bangladesh, which faces acute power shortages.

Power generating company NTPC has served notices to West Bengal, Bihar and Jharkhandgovernments saying it will be forced to shut Farraka thermal power plant if law and ordersituation is not maintained at the facility.

Workers of Tata Steel Europe are ready for an indefinite strike if the management does notcome forward for negotiations on its proposal to scrap the British Steel Pension Scheme.

Indian Oil Corporation plans to invest around Rs15bn in the Northeast to strengthen itsvarious divisions, including storage and retail, over the next three-four years.

Indian Oil Corp, nation's largest oil firm, plans to invest about Rs150bn in raising capacity atits Panipat refinery in Haryana by 34% to 20.2 million tonnes (MT) by 2020.

Infosys expects acquisitions to bring in additional revenues of about USD1.5bn as the ITservices behemoth aims to achieve an aspirational goal of USD20bn in topline by 2020.

ONGC will invest Rs416bn for bringing to production newer oil and gas fields andredeveloping ageing fields as it looks to boost output.

Bharat Heavy Electricals Ltd (BHEL) said it has commissioned a 82.5-megawatt unit atShrinagar Hydro Electric Project in Uttarakhand.

Housing Development Finance Corp said its board has approved funding raising worth Rs.50bn simultaneously by secured redeemable non-convertible debentures along with warrants.

Gujarat Alkalies and Chemicals Ltd announced that the company has initiated transportationof caustic soda lye and other value-added liquid products from its Dahej plant through aspecially constructed pipeline to Dahej railway yard.

Rajesh Exports said that the company has bagged an export order worth Rs13bn from anUAE-based company for gold and diamond studded jewellery.

Mahindra Holidays & Resorts, the country's leading leisure hospitality provider, approvedincreasing its stake in Finland-based Holiday Club Resorts, Oy, to about 88%. Last yearMHRIL had picked up 19% in the European company, which has 30 resorts in Finland, Swedenand Spain, through its wholly-owned subsidiary Covington Sarl, Luxembourg.

Coal India is likely to increase its production by over 60 million tonne in the current financialyear since it recently acquired 2,000 hectares and also received 41 mine clearances. Consequentto this, its subsidiary Western Coalfields will be opening one new mine every month for thenext two years.

BEML, a defence public sector undertaking, has bagged an order worth Rs. 6.45bn from DelhiMetro Rail Corporation (DMRC) for design, manufacture, supply, testing and commissioningof 74 nos broad guage metro cars for their RS-13 project.

The patent office in India has decided to grant patent for automobile manufacturer TVS Motorfor an engine for a three wheeler, with a cooling system for the rear mounted liquid cooledengine.

Vedanta (formerly known as Sesa Sterlite) is set to make an official announcement of itsmerger deal with wholly-owned subsidiary Cairn India on June 14th. The deal will giveVedanta access to Cairn India's cash and investments worth Rs160bn.

Larsen and Toubro, which is developing the Rs160bn Hyderabad Metro Rail project, said itwill develop the entire 18.5 million sq ft commercial space around the project in a phasedmanner over the next ten years.

ICICI Bank countrys largest private sector lender is looking at raising Rs500bn throughprivate placement of securities including bonds and non-convertible debentures (NCDs).

Glenmark Pharmaceuticals has received final approval from the US health regulator for thegeneric Calcipotriene cream used for the treatment of plaque psoriasis.

Nestle India said that it has approached the Bombay High Court to seek judicial review of theorders passed by Food and Drug Administration in Maharashtra and the Food Safety andStandards Authority of India.

Jagran Prakashan Ltd said it has completed the acquisition of Music Broadcast Pvt Ltd,which operates the popular Radio City FM stations.

Future Retail plans to raise fresh funds of up to Rs15bn through non-convertible debentures(NCDs) on private placement basis to replace high cost loans and to invest in brand building aswell as marketing.

Realty firm Unitech plans to raise about Rs.2 bn from private equity players to part finance itsongoing housing projects as real estate market continues to remain sluggish.

NTPC said Talcher in Odisha will become a power hub with the PSU planning around 3,000MW of capacity addition there.

Electrosteel Steels said it has received an indication for investment in the company from TataGroup as well as from a Singapore-based financial investor.

FMCG major Hindustan Unilever Limited (HUL) has decided to recall its Chinese range of'Knorr' instant noodles from the market pending product approval from the central food safetyregulator FSSAI.

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