Equity research report Ways2Capital 29 june 2015

TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

Nifty futures/Bank Nifty futures market closed on 8380/ 18358. According to technical analysis if Nifty futuresand Bank Nifty future moves down-word in tomorrow treading session then 8251 will be small support for Niftyfutures and 18126 will be small support for Bank Nifty futures. If it break this level then then Nifty futures can godown to 8126 level and Bank Nifty futures can touch17926 level in next few days. It will be hard support for Niftyfutures and Bank Nifty futures. Meanwhile in up trend there is small resistance on 8464 for Nifty futures and18515 is for Bank Nifty futures after breaking this level with volume there is big resistance for Nifty futures on8529 and 18637 for Bank Nifty futures.

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )

PIVOT POINT NIFTY

DAILY R2 R1 PP S1 S28603 8455 8381 8307 8159

WEEKLY R2 R1 PP S1 S28882 8538 8366 8197 7850

MONTHLY R2 R1 PP S1 S29950 8842 8288 7734 6626

PIVOT POINT BANK NIFTY

DAILY R2 R1 PP S1 S219249 18639 18334 18029 17419

WEEKLY R2 R1 PP S1 S220038 18878 18298 17718 16558

MONTHLY R2 R1 PP S1 S223359 19901 18172 16443 12985

MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS

NIFTY 8192 8261 8501 8392BANK NIFTY 17872 18034 18505 18081

PARABOLIC SAR DAILY WEEKLY MONTHLY

NIFTY 8080 8569 9139

BANK NIFTY 17505 19005 21012

NSE EQUITY DAILY LEVELS

COMPANY NAME R3 R2 R1 PP S1 S2 S3

ACC EQ 1489 1455 1438 1420 1403 1389 1351ALBK EQ 96 93 91 90 88 87 84

AMBUJACEM EQ 236 231 229 227 224 222 217ASIAN PAINT EQ 771 760 754 749 743 738 727AXISBANK EQ 584 574 569 564 559 554 545BAJAJ-AUTO EQ 2683 2601 2567 2519 2485 2437 2354BANKBARODA EQ 152 148 146 144 142 139 135BANKINDIA EQ 191 185 180 178 174 171 164BHEL EQ 265 258 254 251 247 244 236BHARTIARTL EQ 443 432 424 421 413 409 398CIPLA EQ 637 627 623 617 613 607 598COALINDIA EQ 428 420 416 412 408 404 396DLF EQ 136 127 124 119 115 110 102DRREDDY EQ 3620 3570 3550 3519 3499 3469 3418GAIL EQ 424 413 406 402 395 391 379GRASIM EQ 3504 3456 3426 3408 3378 3361 3313HCLTECH EQ 1012 980 967 947 935 914 882HDFC EQ 1360 1325 1305 1290 1270 1255 1220HDFCBANK EQ 1101 1081 1073 1062 1053 1042 1023HEROMOTOCO EQ 2634 2588 2565 2543 2520 2497 2452HINDALCO EQ 121 119 118 117 115 114 112HINDUNILVR EQ 917 901 894 884 878 868 851ICICIBANK EQ 324 318 314 311 308 305 298ITC EQ 319 314 310 308 305 303 298INDUSIND BANK EQ 908 886 876 863 853 841 818INFY EQ 1031 1017 1010 1004 997 990 977JINDALSTEL EQ 96 93 91 90 89 87 85KOTAKBANK EQ 1418 1400 1391 1382 1373 1364 1346LT EQ 1845 1816 1799 1787 1770 1758 1729M&M EQ 1354 1329 1316 1304 1291 1279 1254MRF EQ 34676 34206 33972 33736 33502 33266 32796MARUTI EQ 4194 4123 4099 4052 4028 3981 3911ONGC EQ 322 317 315 313 310 308 303ORIENTBANK EQ 192 184 179 176 172 169 161RCOM EQ 73 67 64 60 57 53 47RELCAPITAL EQ 414 391 381 367 357 344 321RELIANCE EQ 1041 1022 1012 1003 993 985 966RELINFRA EQ 428 405 396 383 373 360 338RPOWER EQ 53 49 48 45 44 42 38SBIN EQ 276 270 267 264 261 258 252SSLT( VEDL) EQ 187 181 178 176 172 170 164SUNPHARMA EQ 892 879 873 867 861 854 842TATAMOTORS EQ 451 443 440 435 433 428 420TATAPOWER EQ 77 75 74 73 72 71 70TATASTEEL EQ 311 305 301 299 295 293 287UNIONBANK EQ 162 157 155 152 150 147 142

TOP 15 ACHIEVERS // TOP 15 LOOSERS

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION )

1. BANK BARODA - BANK BARODA IS IN DOWN TREDN AND IF IT BREAKSLEVEL OF 142 THEN NEXT POSSIBLE LEVEL WILL BE 138.

2. ONGC - ONGC IS WEAK ON DAILY CHARTS AND IT IS LIKELY IF IT BREAKS310.60 LEVEL THEN IT CAN AGAIN GO UPTO THE 297 LEVEL.

3. HDFC BANK - HDFC BANK ON DAILY CHART SEEMS VERY STRONG IF ITBREAKS LEVEL OF 1073.80 THEN 1109 LEVELS ARE VERY LIKELY AND ABOVETHAT LEVEL IT MAY RESUME ITS STRONG BULLISH TREND.

4. JINDAL STEEL - JINDAL STEEL IS IN STRONG DOWN TREND IF IT BREAKSTHE WEAKLY LOW OF 88.75 THEN WE CAN ASPECTING IT TO CORRECT FURTHER2% TO 3% ON WEAKLY BASIS.

SR.NO

SCRIPT NAME PREVCLOSE

CMP % CHANG

1 INDIABULLSREALEST

42.90 57.80 +34.73

2 NCL INDUSTRIE 42.90 57.80 +34.73

3 JP INFRA 11.75 15.45 +31.49

4 MMTC 43.30 56 +29.33

5 RAJESH EXPORTS 242.85 309.40 +27.40

6 VADILAL INDIS 500.35 614.90 +22.89

7 CHENNAI PETRO 143.80 168.65 +17.28

8 INDIA CHEM 81.00 94.00 +16.05

9 ESCORTS LTD 106.50 123.40 +15.87

10 SRF LTD 1039.85 1195.20 +14.94

11 NITCO LTD 17.45 20.00 +14.61

12 BAJAJ FINANCE 4776.20 5424.80 +13.58

13 ARVIND LTD 235.50 267.10 +13.42

14 DLF LTD 108.55 121.35 +11.79

15 APOLLOHOSP 1187.85 1315.15 +10.72

SR.NO SCRIPTNAME

PREVCLOSE

CMP % CHANG

1 DISH TV INDIA 114.15 103.10 -9.68

2 BAJAJELECTRICAL

299.5 272.95 -8.88

3 J&k BANK 109.10 100.45 -7.93

4 BHARTI INFRATELLTD

473.25 436.50 -7.77

5 SYNDICATE BANK 107.60 99.90 -7.16

6 SUN TV NETWORK 312.10 290.00 -7.08

7 VARDHMANHOLDING

989.90 927.70 -6.28

8 JUNDAL ST& PWR 95.95 90.75 -5.42

9 ESSAR OILS 143.65 136.70 -4.84

10 ADANI ENTER 99.25 95 -4.28

11 SUSAN PHARAM 353.90 339.90 -3.96

12 CANARA BANK 301.70 290.40 -3.75

13 GABRIEL INDIA 79.55 77.30 -2.83

14 BEML LTD 1255.25 1222.50 -2.61

15 INDIAN BANK 144.80 145.20 -2.42

CURRENCY MARKET

USDINR R2 R1 PP S1 S2

DAILY 64.270 64.075 63.978 63.880 63.685

WEEKLY R2 R1 PP S1 S264.634 64.209 63.996 63.784 63.359

MONTHLY R2 R1 PP S1 S267.392 65.312 64.272 63.232 61.152

EURINR R2 R1 PP S1 S2

DAILY 72.210 71.820 71.625 71.430 71.040

WEEKLY R2 R1 PP S1 S276.627 73.497 71.932 70.367 67.237

MONTHLY R2 R1 PP S1 S282.287 75.287 71.7875 68.287 61.287

JPYINR R2 R1 PP S1 S2

DAILY 52.260 52.000 51.870 51.740 51.480

WEEKLY R2 R1 PP S1 S253.420 52.380 51.860 51.340 50.300

MONTHLY R2 R1 PP S1 S255.287 53.086 51.986 50.886 48.686

GBPINR R2 R1 PP S1 S2

DAILY 101.445 100.875 100.590 100.305 99.735

WEEKLY R2 R1 PP S1 S2106.304 102.709 100.911 99.114 95.519

MONTHLY R2 R1 PP S1 S2113.549 104.6392 100.184 98.148 86.819

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK

✍ Credibility of Indian economy has been partly restored: Arun Jaitley -

Finance Minister Arun Jaitley reportedly said that the credibility of Indian economy has beenpartly restored and the momentum must be sustained over the next two years. Jaitley added thatthere is "huge amount of enthusiasm" among investors as they see India picking up again,according to reports.It is only then that investors world over are going to feel comfortable. Theinitial signs are good but I think this is momentum which has to be sustained over a period oftime," quoted FM. Jaitley also stated that the reform process is clear, the government's thinkingis clear.

✍ Dr.Reddy's Lab climbs 1.3% on HaiROOTZ launch -

Dr.Reddy's Laboratories added 1.3 percent to Rs. 3,430 after the company launchedHaiROOTZ, its first hair growth supplement to be marketed in India as over-the-counterproduct.Dr Reddy's Laboratories' consolidated net profit rose 7.7% to Rs 518.84 crore on10.8% growth in total income to Rs 3887.34 crore in Q4 March 2015 over Q4 March 2014.Thestock hit a high of Rs 3,427 and a low of Rs 3,402.75 so far during the day. The stock hit a52-week high of Rs 3,808.75 on 10 April 2015. The stock hit a 52-week low of Rs 2,419 on 19June 2014.In BSE, the company's total traded quantity was around 0.12 lakh against two weeksaverage quantity of 0.14 lakh.

✍ Rajesh Exports zooms 7%; mulls over acquisition in Europe -

Rajesh Exports soared nearly 7 percent to end at a fresh 52-week high at Rs. 283 on foreignacquisition plan.The company informed the BSE today, that the company's board will meet on02 July, 2015, to consider a proposal for acquisition in Europe in the same line of business.Thestock hit a record high of Rs 283.40 in intraday trade today, 22 June 2015. The stock hit a lowof Rs 263.50 so far during the day. The stock had hit a 52-week low of Rs 117.35 on 16October 2014.The total traded quantity of the company was around 2.44 lakh against its twoweek average quantity of 1.75.

✍ Bajaj Finance stock hits record high -

Shares of Bajaj Finance Ltd were trading higher 5% at Rs. 5,395 on BSE today.The stock hashit a high of Rs. 5,440 and a low of Rs. 5,160 on BSE today.The company has raised Rs 1,400crore by issuing 3.27 million equity shares to qualified institutional buyers at the issue price ofRs 4,275 per share through qualified institutional placements , says report.Total traded quantityon the counter stood at over 0.12 lk shares on BSE.

✍ Block deal on Tata Motors -

Shares of Tata Motors were trading flat at Rs. 273.40 on NSE today. Around 2.56 lakh shareswere traded in a multiple block at Rs. 440.85- 440.95 on the NSE.The stock opened at Rs.274.45 as against the previous close of Rs. 273 on NSE. It has hit a high of Rs. 275 and a lowof Rs. 272 on NSE today.Total traded quantity on the counter stood at over 4.16 lk shares onNSE.

✍ NTPC commissions Unit 1 of 250 MW of Bongiagaon Thermal Power Project -

NTPC Limited has announced that Unit no. 1 of 250 MW of Bongiagaon Thermal PowerProject has been commissioned on June 22, 2015 at 22:30 Hrs. With this, the total installedcapacity of Bongiagaon Thermal Power Project has become 250 MW and the total installedcapacity of the NTPC group crosses 45 GW and has become 45048 MW.

✍ Selling cement plant! Jaiprakash Associates clarifies on reports -

With reference to the news appeared in Financial Express (June 22,2015) captioned"Heidelberg to buy Jaiprakash Associates' cement unit", Jaiprakash Associates Ltd has clarifiedthat the news item is based on market speculations and that the company does not comment onmarket speculations.

The Company has its firm resolve to reduce its overall debt including through disposal of someof its assets/investments.

The company said that it would promptly inform of any event/information that may be having abearing on the operation/ performance of the Company.

✍ Aurobindo Pharma gains on USFDA nod -

Aurobindo Pharma continues to trade on a positive note on the BSE, on the back of positivenews flow.According to a release issued by the company to the BSE, Aurobindo Pharma todayannounced that it has received final approval from the US Food & Drug Administration(USFDA) to manufacture and market Entacapone Tablets USP, 200mg (ANDA 203437). Theproduct will be launched soon.The company has also got final approvals from the USFDA tomanufacture and market Azithromycin for injection USP, 500mg (ANDA 203294).So farduring the day, the stock has rallied to a high of Rs. 1,380, and is now almost a percent at Rs.1,369.On the BSE 53,000 shares have been traded at the counter, as against the daily averagevolume of 103,000 shares in the past two weeks.

✍ Ashok Leyland up on overseas order win -

Ashok Leyland has extended gains in noon trades on the back of winning overseasorder.According to a release issued by the company to the BSE, Ashok Leyland has won an $82 million order from Senegal.The stock has so far touched a high of Rs. 72.15, and is now up1.8 percent at Rs. 71.65. The counter has seen trades of around 1.12 million shares as againstthe two-week daily average volume of around 1.14 million shares on the BSE.

✍ PSU Bank stocks in focus -

Shares of state-run banks are trading on a firm note on the back of renewed buying interestamid media reports that the Finance Minister Arun Jaitley said that the government will infusecapital in public sector banks in the next three to six months.Union Bank is top gainer - up 3.4 percent at Rs. 156. Punjab National Bank has rallied over 3percent to Rs. 142.Bank of Baroda has advanced 1.8 percent at Rs. 149. Oriental Bank of Commerce has spurtedover a percent at Rs. 185.Syndicate Bank and Canara Bank have added 0.8 percent each at Rs. 106 and Rs. 312,respectively.Allahabad Bank, SBI and Andhra Bank have gained 0.4-0.6 percent.

✍ Listing time eased for IPOs: SEBI -

During the SEBI Board meeting, the SEBI cheif UK Sinha outlined the process of E-IPONorms. The listing time for companies is planned to be reduced to 6 days from the earlier 12days, from the date of filing. Moreover, the companies with market capital of Rs. 1lakh crorecan avail fast track IPO issuance.All IPO applications will be ASBA supported, said the SEBIchief. Acknowledging the start-up market in India, Sinha said that it will allowed for them toraise funds from the capital market. Moreover, the lock-in period will be reduced to 6 monthsas against 3 years.

✍ BPCL spurts as foreign brokerage reiterates 'Buy' rating -

Bharat Petroleum Corporation continues to trade with a positive bias on the BSE, on the backof positive news flow.According to media reports, foreign brokerage Deutsche Bank hasreiterated 'Buy' rating on the stock.On the BSE, the stock rallied to a high of Rs. 865 so farduring the day.Now, BPCL is up more than 1.5 percent at Rs. 860, and has seen trades ofaround 80,000 shares as against the two-week daily average volume of 135,000 shares.

✍ Deepak Fertilisers up on resuming work at Taloja plant -

Deepak Fertilisers & Petrochemicals soared to a high of Rs. 132 after the company announcedthat it resumed production at Taloja facility with imported RLNG as feedstock.According to arelease issued by the company to the BSE, the supply of domestic natural gas had beendiscontinued since 15 May 2014 as per the order of ministry of petroleum and natural gas,which the company has challenged before the Delhi high court.An inter-ministerial committeeby the department of fertilisers is also reviewing the issue. Outcomes from both are awaited,the release added.The stock is now up 2.5 percent at Rs. 129. The counter has seen trades ofaround 39,000 shares as against the two-week daily average volume of around 14,000 shares onthe BSE

✍ BHEL surges 4% on commissioning of thermal unit - BHEL surged nearly 4% to Rs. 253and was the top Nifty gainer after the company commissioned a 250 MW unit of NTPC'sBongaigaon thermal power plant in Kokrajhar district in Assam.The stock traded well on BSE,up by 9.90 points from its previous closing which stood at Rs. 244.05.The company has hit ahigh of Rs. 257.60 and low of Rs. 243.In BSE, the company's total traded quantity was around6.59 lakh against two weeks average quantity of 14.34 lakh.

✍ Microsoft to launch Windows 10 in India in July -

Microsoft India Chairman Bhaskar Pramanik has reportedly said that it is planning to launchWindows 10 in India in July."We have already signed 2 deals With Govt Under Digital IndiaMission, Pramanik was quoted as saying.Bhaskar Pramanik reportedly said that they are notlooking at Manufacturing in India, but looking at sourcing.The company said that they are WellPositioned to meet China in Consumer Business in 5-10 Years, says report.

✍ JSW Energy says will look at organic and inorganic route -

JSW Energy reportedly said it does not make any "sense" to go for aggressive expansion at themoment."At the moment we are struggling to sell the power that we are generating," JSWEnergy joint managing director and CEO Sanjay Sagar was quoted as saying on the sidelines ofan event.A report says that the company will continue to look at organic and inorganic growthopportunities but the market has to be right.Sajjan Jindal-led JSW Energy produces 3,140 MWof power with a capacity of another 8,630 MW under implementation and development.

✍ Relaxo Footwears gains on fixing record date for bonus issue -

Relaxo Footwears is currently trading with a gain of more than 1.5 percent at Rs. 903 on theBSE, after the company fixed the record date for the proposed bonus issue.According to arelease issued by the company to the BSE, Relaxo Footwears has fixed 02 July, as the record

date.The scrip has touched an intra-day high at Rs. 915 so far during the day.On the BSE, thecounter has seen trades of around 697 shares as against the two-week daily average volume of2,984 shares.

✍ Nissan puts Evalia production on hold -

Nissan is reportedly planning to temporarily stop production of its multipurpose Evalia vehicle,due to excess stock, says report.Earlier in May, Ashok Leyland had stopped production of itscommercial passenger vehicle, the STILE.“The Evalia’s design and styling is unconventionaland, unfortunately, it has not met our sales expectations with Indian customers,” Nissanspokesperson reported.

✍ Nestle working on alternative snack options -

Nestle is now working on alternate snacking options, according to reports.A report says thatthis could be in the form of ready-to-eat or ready-to-cook food and involves relaunching Maggiin a new format."We are working hard to resolve situation and we aim to be back in the marketas soon as we can," the Nestle spokesperson was quoted as saying.The company reportedly saidthat it has a strong global R&D team that works continuously on product development.

✍ HUL plans to open mobile-based marketing platform Kan Khajura Tesan -

Hindustan Unilever is planning to open mobile-based marketing platform Kan Khajura Tesan(KKT) to external advertisers, according to reports. A report says that Kan Khajura Tesan helpsthe company's brands like Lux and Fair & Lovely engage with rural consumers in media-darkareas.The KKT initiative was first piloted in Bihar, followed by Jharkhand, Uttar Pradesh,Madhya Pradesh and Rajasthan, says report.KKT is the most popular radio station in thenorthern state of Bihar.

Top Economy news

Maharashtra government, in a bid to give much needed relief to property buyers andconsumers, plans to revise ready recknor rates from April 1 instead of January 1.

To accelerate highways building and salvage stuck road projects, NHAI has asked developersto come forward with a financing plan and justification for the fund infusion that they areseeking from the authority.

Concerned over declining exports, the Commerce Ministry is preparing a strategy paper toboost overseas shipments of agricultural products, particularly the value-added goods.

Coffee Board has forecast the post blossom crop of coffee in 2015-16 to touch a record 355,600tonnes, up by 8.75% over the final production estimate of coffee in 2014-15.

The Centre's attempt at monetizing gold lying with Indian households may face a road blockwith the RBI writing to the finance ministry opposing a plan to use gold deposits as bank CashReserve Ratio.

In a step that would bring delight to taxpayers, the Income Tax department has put in motion anew plan which will ensure that any refund on tax paid is safely deposited in their personalbank account as soon as it is processed and released.

The government said it is contemplating to rope in states for commercial mining of coal in abid to fulfill the requirements of small-scale sectors.

Sebi said it expects the proposed merger of commodities regulator FMC with it to be completedby September-end.

The Union Shipping Ministry has decided to utilise 20% of its diesel requirement throughbio-diesel at 12 major ports.

Centre is planning to give Rs. 250-300bn bonanza for road infrastructure to West Bengal.

The Centre has proposed an investment of US$125 bn during five years for the IndianRailways. The investment is aimed at modernisation, do-congestion of existing railway system,upgrade of existing one, production of wagons and build over 8,000 stations and train coaches.

World steel output declined 2.1% in May this year compared to May 2014 led mainly by dropin steel output across Europe, the US, China and Japan. India, however, seemed to have buckedthe trend and posted a 4% increase in steel production in May 2015.

The Ministry of Urban Development has laid down the operational guidelines for formulation,approval and execution of projects under the three missions — Smart Cities Mission, AtalMission for Rejuvenation and Urban Transformation and Housing for All Mission in UrbanAreas.

Top corporate news

Indiabulls Real Estate will seek shareholders' nod to raise a total of Rs5.38bn crore frompromoters, including convertible warrants worth Rs. 2.9bn.

Dish TV is looking to add up to 1.7 mn net subscribers this fiscal

Dr Reddy's Laboratories Limited is working on 18 new drug applications, including the threeNDAs it has already filed with the US Food and Drug Administration, and expects two moredrugs to go for approvals before 2018.

With Oman Oil Company reluctant to put more money, Bharat Petroleum Corp Ltd hasdecided to fund the Rs180-200bn expansion of the Bina refinery in Madhya Pradesh on its own.

NTPC has put on back-burner its plan to set up a 1600 MW coal-based project at Gajmara inOdisha as it has enough projects in hand.

Coal India will hold pre-bid consultations with all interested bidders prior to issuance of aglobal tender for setting up a monitoring system for projects of more than Rs1.5bn, as the PSUeyes production of 1 bn tonne by 2019-20

United Bank of India is mulling at shifting its treasury department to the financial capital ofthe country in order to stay closer to the market.

Tata Communications said it is evaluating to enhance branding activities in India and the USand may even include Singapore and Hong Kong depending on opportunities.

City Union Bank Ltd is looking at raising around Rs5bn through Qualified InstitutionsPlacement as part of its business growth plans

Bank of Baroda is making a course correction in its strategy for overseas business. While itprides itself as "India's international bank", its branch presence in India's neighborhood hasbeen weak.

Wockhardt has received approval from the US health regulator to market its Oxycodone HClliquid, used for treating chronic pain, in the American market.

Aurobindo Pharma has received final approval from the US Food and Drug Administration tomanufacture and market Entacapone tablets and Azithromycin injection.

State Bank of India plans to launch its second dollar bond sale of the fiscal year to raiseUS$1.5 bn, or even more, to utilise the window available to borrow at a lower cost before theUS Federal Reserve possibly raises rates later this yea.

Hero Electronix will acquire a majority shareholding in Mybox Technologies , the largestmulti operator manufacturer of set top boxes in the country.

Larsen & Toubro (L&T) said it has won orders worth Rs 15.07bn across various businessverticals.

GMR Infrastructure has joined the long queue of Indian companies that have asked theirbanks to restructure their loans under the 5/25 scheme as they are unable to meet their loancommitments due to a slowdown in the economy.

Uttar Pradesh cancelled the agreement signed with Torrent Power in 2009 to distributeelectricity in Kanpur

Ashok Leyland Ltd won order, for buses, worth US$82mn from Senegal towards buildingintegrated transportations system.

NMDC needs to substantially enhance production to achieve 75 mn tonnes annual output targetby March 2020.

Larsen & Toubro Ltd will list its IT services unit L&T Infotech by December this year.

Lupin said its Board of Directors have given in-principle approval for raising funds of up toRs75bn.

Karnataka Bank Ltd has entered into a Memorandum of Understandingwith Edelweiss Integrated Commodity Management Limited for extending storage facilities tofarmers and finance against their warehouse receipts .

Mahindra and Mahindra is expecting a 16% jump in its combined market share in thecommercial vehicle segment with new launches.

Bharat Heavy Electricals Ltd has commissioned a 250-MW coal-based thermal unit at theupcoming Bongaigaon Thermal Power Station in Assam.

Greenply Industries Ltd has planned a greenfield unit for manufacturing medium densityfibreboards in Chittoor district of Andhra Pradesh.

Zydus Cadila has received final approval from the US drug regulator, US FDA, to marketPyridostigmine Bromide Tablets USP, 60 mg.

Gujarat Pipavav Port said it has suspended port operations at Pipavav due to the cyclonicweather conditions prevailing and break down of power supply and communication thatoccurred Tuesday night.

Adani Mining it was rejigging the budget on the US$7.72 bn Carmichael coal mine project inAustralia as it faces delays in government approvals.

Crompton Greaves has signed a long term alliance pact with Spanish European consumerappliances company SOGO to sell kitchen appliances in India.

Bharti Airtel launched 4G services in Mysore that will allow its customers to access highspeed access to the Internet.

Videocon Group will invest approximately Rs. 1.5 bn in West Bengal in ramping up two of itsmanufacturing facilities here in the State.

Escorts has partnered with Cognizant Technology Solutions in a multi-year, multi-milliondollar engagement to digitally transform its businesses across all segments. This includesagri-machinery, material handling and construction equipment, railway equipment and autocomponents.

L&T Hydrocarbon Engineering Ltd has received a fresh order worth Rs 27.15bn fromupstream major Oil & Natural Gas Corporation for creating new process platforms and otherinfrastructure at Bassein field, which is located in Western offshore basin.

Jet Airways plans to raise US$ 400mn through non convertible debentures or bonds to fund itsexpansion.

ICICI Bank marginally reduced its base rate to 9.70 % from 9.75 % earlier, making its lendingrate at par with industry leader SBI and that of HDFC Bank.

Gujarat Alkalies and Chemicals Ltd and National Aluminium Company Limited havesigned an agreement on June 23, 2015 for the formation of a joint venture to manufacturecaustic soda.

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