TECHNICAL VIEW

MOVING AVERAGE  21 DAYS 50 DAYS 100 DAYS 200 DAYS

NIFTY 8817 8660 8471 8096BANK NIFTY 19225 19031 18799 17209

NIFTY PIVOT REPORT 

DAILY R2 R1 PP S1 S28809 8553 8425 8297 8042

WEEKLY  R2 R1 PP S1 S29609 8873 8505 8137 7401

MONTHLY R2 R1 PP S1 S211387 9581 8678 7775 5969

BANK NIFTY PIVOT REPORT

DAILY R2 R1 PP S1 S219349 18569 18179 17789 17009

WEEKLY  R2 R1 PP S1 S221356 19338 18328 17319 15301

MONTHLY R2 R1 PP S1 S227832 21928 18976 16024 10120

NSE EQUITY DAILY LEVELS                         

COMPANY NAME R3 R2 R1 PP S1 S2 S3

ACC EQ 1676 1619 1584 1561 1526 1503 1445

ALBK EQ 109 103 100 96 94 90 83

AMBUJACEM EQ 261 255 253 250 247 244 238

ASIAN PAINT EQ 830 805 792 780 767 755 730

AXISBANK EQ 591 566 556 541 531 516 491

BAJAJ-AUTO EQ 2091 2049 2034 2007 1992 1965 1923

BANKBARODA EQ 175 167 164 159 156 152 144

BANKINDIA EQ 214 205 202 197 193 188 179

BHEL EQ 254 243 238 233 227 222 211

BHARTIARTL EQ 412 401 396 390 385 380 369

CIPLA EQ 718 711 708 705 702 699 693

COALINDIA EQ 376 369 367 363 360 356 350

DLF EQ 164 161 160 158 156 155 152

DRREDDY EQ 3606 3545 3515 3484 3454 3423 3362

GAIL EQ 406 395 391 385 381 374 363

GRASIM EQ 3746 3684 3652 3623 3591 3561 3499

HCLTECH EQ 999 986 978 972 964 959 945

HDFC EQ 1351 1331 1320 1311 1300 1291 1271

HDFCBANK EQ 1057 1045 1039 1033 1027 1021 1010

HEROMOTOCO EQ 2718 2680 2663 2642 2625 2603 2565

HINDALCO EQ 137 134 133 132 130 129 126

HINDUNILVR EQ 925 899 889 873 863 847 821

ICICIBANK EQ 330 325 323 320 318 314 309

ITC EQ 336 331 329 326 324 321 317

INDUSIND BANK EQ 914 901 896 888 883 875 862

INFY EQ 2368 2299 2255 2229 2186 2160 2091

JINDALSTEL EQ 168 163 160 158 155 153 148

KOTAKBANK EQ 1361 1338 1329 1315 1306 1292 1270

LT EQ 1805 1769 1757 1734 1721 1698 1662

M&M EQ 1239 1219 1209 1199 1189 1180 1160

MRF EQ 40479 39780 39412 39081 38713 38382 37683

MARUTI EQ 3838 3770 3746 3702 3678 3635 3567

ONGC EQ 331 323 318 314 309 306 297

ORIENTBANK EQ 220 213 209 207 203 200 194

RANBAXY EQ 856 834 821 811 798 789 766

RCOM EQ 64 62 61 60 58 57 55

RELCAPITAL EQ 452 439 431 427 419 414 402

RELIANCE EQ 855 840 833 825 818 810 795

RELINFRA EQ 456 445 439 434 427 422 411

RPOWER EQ 59 58 57 56 55 55.28 53

SSLT EQ 206 198 194 191 186 184 176

SBIN EQ 278 273 269 267 264 262 257

SUNPHARMA EQ 1067 1044 1032 1021 1009 998 975

TATAMOTORS EQ 539 571 561 549 538 527 504

TATAPOWER EQ 81 79 78 76 75 73 71

TATASTEEL EQ 341 330 323 319 312 308 296

UNIONBANK EQ 169 163 159 157 153 151 146

NSE WEEKLY NEWS UPDATE

✍ Govt to allot coal mines to PSUs

After two rounds of auctioning of coal blocks for private companies, the government will onTuesday allot mines to central and state PSUs. "Allotment of coal blocks to state entities to takeplace on Tuesday," Coal Secretary Anil Swarup tweeted. The Coal Ministry had earlier received107 applications from public sector undertakings (PSUs) like NTPC Ltd , Steel Authority ofIndia Ltd (SAIL) , Damodar Valley Corp (DVC) and Neyveli Lignite Corp (NLC) for allocationof 43 coal blocks. The Palma II mine in Chhattisgarh got nine applications, the highest for asingle block. "The allotment process for 43 coal mines to government companies started onFebruary 18...Maximum number of applications have been received for Gare Palma sector IIcoal mine," an official release said. The companies which had applied for Gare Palma II minein Chhattisgarh include NTPC, Singareni Collieries Co Ltd, Andhra Pradesh Power GenerationCorp and Gujarat State Electricity Corp. The government has already garnered over Rs 2 lakhcrore by auctioning just 33 blocks, surpassing the Rs 1.86 lakh crore loss estimated earlier bygovernment auditor CAG for allotment of mines without auction. The government is believedto have alloted the three cancelled coal blocks, for which JSPL and Balco had emerged as thehighest bidders in the recently concluded auction, to state-owned miner CIL. Parliament lastweek approved Coal Mines (Special Provisions) Bill, 2015, which forms part of NDAgovernment's reforms agenda, in the nick of time on the last day of the first half of Budgetsession and the ordinance on this were to lapse on April 5.

✍ RBI allows Sun to transfer Ranbaxy's overseas investmentsSun Pharmaceutical Industries has received RBI nod for transfer of overseas investments ofRanbaxy to it and issue its shares to the non-resident shareholders of the latter as part of theirUSD 4-billion merger deal. In a filing to the BSE, Ranbaxy Laboratories said Reserve Bank ofIndia on Monday gave approval for transfer of overseas investments held by Ranbaxy in itsjoint venture and wholly owned subsidiaries to Sun Pharma, pursuant to the proposed merger ofRanbaxy with Sun Pharma through a Scheme of Arrangement. The central bank also approvedissue of equity shares of Sun Pharma to the non-resident holders of equity shares of RanbaxyLaboratories, the filing added. The two firms have received nod from the CompetitionCommission for sale of seven brands to Emcure Pharma to comply with the fair tradewatchdog's conditional nod for their merger. In an order issued yesterday, CCI approved thedeal with Emcure, which would purchase the 'divestment products' that were ordered to be soldin an earlier direction issued in December last by the Competition Commission of India (CCI).These seven brands were at the core of the CCI's contention that the merger between Sun

Pharmaceutical Industries and Ranbaxy Laboratories was 'prima-facie' in violation ofcompetition laws and therefore the regulator had ordered divestment of those products under its'conditional' approval to the deal. Despite sale of these products, the merger would createIndia's largest and the world's fifth largest drugmaker. In December, CCI had directed SunPharma to divest all products containing 'Tamsulosin + Tolterodine' which are marketed andsupplied under the Tamlet brand name. Similarly, Ranbaxy was directed to divest all productscontaining Leuprorelin which are marketed and supplied under the Eligard brand name. It alsohad to divest products such as Terlibax, Rosuvas EZ, Olanex F, Raciper L and Triolvance.

✍ IndiGo heads towards $ 400 mn IPO as air travel booms

India's biggest carrier, IndiGo, is preparing to file documents for a stock listing to raise USD300 to USD 400 million, two sources with knowledge of the plans said, as it looks to cash in ona booming air travel market. IndiGo, owned by hospitality and travel company InterGlobeEnterprises, has remained profitable in the last two years, avoiding much of the turbulence tohit rival Indian carriers. IndiGo has picked Citigroup, Kotak Investment Bank, Morgan Stanleyand JP Morgan as lead managers for the listing, with UBS and Barclays also involved, the twosources said. Indigo will file its draft prospectus by the end of May, two sources said. Thetiming of the market debut itself, however, is not set, a separate source said, and will depend onmarket conditions. Indigo was not immediately available for comment.

✍ Inox Wind IPO subscribed 18 times

The initial public offer of Inox Wind was subscribed 18 times on the last day of the sharesale.The IPO received bids for over 43.08 crore shares as against the issue size of more than2.32 crore shares.The company has allocated shares worth Rs 306 crore to anchor investors.

This is the biggest IPO since June 2013.

✍ India's industrial growth rate pegged at 1.8%: ASI

The Annual Survey of Industries (ASI) on Tuesday revised the net industrial growth rate to 1.8per cent for India from 2.8 per cent estimated earlier for 2012-13. The revised estimates of ASIshowed gross capital formation grew at a faster pace of 9.8 per cent in 2012-13, againstprovisional estimates of 9.3 per cent growth without adjusting for inflation. Since the ASIestimates are included in GDP figures, economic growth for the years 2012-13, 2013-14 and2014-15 is also expected to be revised. The industrial figures given in ASI are in current prices,

while the GDP growth is given in constant prices (adjusted for inflation). Industry grew 2.4 percent in 2012-13, 4.5 per cent in 2013-14 and is officially projected to grow 5.9 per cent in2014-15 in the GDP data. India's economy rose 5.1 per cent in 2012-13, 6.9 per cent in 2013-14and is projected to grow 7.4 per cent in 2014-15 by advance estimates.

✍ CG wins Rs 115 crore order

Avantha Group Company CG has bagged a significant order from Power Grid Corporation ofIndia Limited (PGCIL) for the supply of 80 MVAR 765kV Shunt Reactors valued at Rs 115Crore. The scope of this contract to be executed in 20 months includes design, engineering,manufacture, shop testing, supply, erection testing and commissioning at site, and otherassociated civil works. These reactors will be installed at PGCIL’s Vemagiri and SrikakulamSub-stations in the state of Andhra Pradesh and will add to the existing population of over 100CG made reactors already in commission in PGCIL’s UHV network. This order reinforcesCG’s existing leadership in the UHV transmission segment in India and its long standingrelationship with the Central Transmission Utility. As rapid urbanisation and industrialisationadds millions of new consumers in the country, a robust UHV infrastructure will be thebackbone of the power sector and CG is well positioned to serve the utilities for their futuregrowth plan with its complete UHV range”.

✍ SEBI passes order against 11 cos raising funds from investors

The Securities and Exchange Board of India (SEBI) has passed orders against 11 companiesthat are raising money from a large number of investors without obtaining regulatory approvalsSEBI has barred these companies from raising fresh funds, prohibiting their directors fromdealing in the securities market and barring them from disposing of any assets until a finalorder is passed. The companies that have faced Sebi action include Asoka Life Science Ltd,Astha Techno Realty India Ltd, Cell Industries Ltd, Goldmine Food Products Ltd, GSHPRealtech Ltd, Infocare Infra Ltd, Jeevan Suraksha Real Estate Ltd, MARS AgrofarmDevelopers Ltd, Maxbe Green Provision Ltd, Rista Fisheries and Infrastructure Ltd andSunshine Hi-Tech Infracon Ltd. The cumulative amount raised by the 11 entities is nearlyRs.110 crore, according to the Sebi orders put up on the website of the regulator.

✍ Opposing views: Govt, RBI remain at odds over Monetary Policy Committee

The Finance Ministry may not accept the Reserve Bank of India’s proposal that it should havecomplete say in the constitution of the Monetary Policy Committee (MPC), according to amedia report. The central bank is of the view that since the primary responsibility of controllinginflation lies with it, therefore it should be empowered to constitute the committee, the reportadded. Earlier this month, the finance ministry and RBI had signed a monetary policyframework to curb inflation. The objective of monetary policy is to primarily maintain pricestability, while keeping in mind the objective of growth. The RBI will aim to bring inflationbelow 6% by January 2016. The inflation target will be 4% for FY17 and all subsequent years.In his budget speech on February 28, Finance Minister Arun Jaitley announced RBI and thefinance ministry had agreed to a monetary policy framework including an inflation target of 4%with a band of 2% on either side. But no details on the composition of a monetary policycommittee (MPC) were announced due to lack of consensus.

✍ SEBI eases IFSC norms for intermediaries

The Securities and Exchange Board of India (SEBI) on Friday allowed any Indian or foreignstock exchange to set up a subsidiary in an International Financial Service Centre (IFSC). SEBIon Friday allowed domestic and foreign stock exchanges and clearing corporations to form asubsidiary to provide their services by having an initial minimum networth of Rs 25 crore andRs 50 crore, respectively, which could be enhanced to Rs 100 crore and Rs 300 crore over theperiod of three years from the date of approval. These guidelines may be called the Securitiesand Exchange Board of India (International Financial Services Centres) Guidelines, 2015. Theyshall come into force on April 01, 2015. India’s first IFSC is being set up at GujaratInternational Finance Tec-City (GIFT City) near Ahmedabad in Gujarat.SEBI said any Indian or foreign stock exchange can form a subsidiary in IFSC where at least51 per cent of equity capital is held by such exchange and remaining shares should be offeredto any other recognised stock exchange, whether Indian or of foreign jurisdiction.Besides, the stock exchange or clearing corporation could hold at least 51% of the paidup sharecapital and the remaining stake could be offered to any other Indian or foreign stock exchangeor clearing corporation. The regulator has also exempted these intermediaries from certainprovisions such as the stock exchange not needing to credit 25% of its profits every year to thefund of the clearing corporation which clears and settles trades executed on that stockexchange.

✍ Idea gains 2% on 3G launch in Delhi

Idea Cellular has touched a high of Rs. 173 in early trade on the BSE following positive newsflow. According to a release issued by the company to the BSE, Idea has launched 3G servicesin Delhi on the 900 MHz spectrum. The stock is now up 2 per cent at Rs. 173, and around25,000 shares have been trades so far at the counter on the BSE.

✍ GMR Infra spurts on debt cutting plans

GMR Infra jumped nearly 2 per cent to touch a high of Rs. 15.85 in opening trades on plans ofreducing debt. According to media reports, GMR Infra plans to raise up to Rs. 4,000 crore overthe next one year through divestment of assets and share sale to reduce debt and improve cashflow. The stock is now up 1.3 per cent at Rs. 15.75 and around 98,000 shares have changedhands at the counter on the BSE

✍ Arvind, US Polo to pay settlement amount to RLC

With reference to earlier announcement dated October 10, 2013 regarding the Ralph LaurenCorporation USA (RLC) had instituted a suit in the United States District Court, against USPolo Association, USA (USPA) and Arvind Limited, India alleging breach of agreementbetween Ralph Lauren Corporation, USPA and Arvind Limited on account of non compliancein respect of disclaimers to be printed on USPA products sold in India. Arvind Lifestyle BrandsLimited, (ALBL), subsidiary of Arvind Limited, has license to manufacture and market USPAbranded products in India. Arvind Ltd has announced that the Parties thereafter got into goodfaith discussions and agreed to enter into an amicable settlement without admission of liabilityof any party. Under the terms of the settlement, ALBL and USPA have agreed to pay jointlysettlement amount to RLC. As per the settlement Agreement, ALBL shall pay US $3,200,000 infull settlement and satisfaction of the dispute between the Parties

✍ Not now! Union Bank postpones plans to raise funds via QIP issue

Union Bank of India has postponed its plan to raise Rs. 1,386 crore fund through qualifiedinstitutional placement (QIP) to the next fiscal, according to a media report. In June 2014,Union Bank has already taken the approval of its shareholders for extension of approval forraising capital, the report added. The Bank also plans to raise Rs 2,000 crore capital through

issuance of Additional Tier 1 Bonds. It would be Basel III compliant Tier 1 perpetual bonds, thereport further said.

✍ Good bye India! Few foreign AMCs plan to exit India

Many foreign mutual fund houses in India are planning to exit from from the country. Thereports have quoted that foreign AMCs that are planning to exit their business from Indiainclude JP Morgan Asset Management (India) Pvt Ltd, Deutsche Asset Management (India) PvtLtd and Goldman Sachs, according to a report. As of December 2014, JP Morgan AssetManagement (India) had average assets under management of Rs. 14,124 crore, Deutsche AssetManagement (India) Rs. 22,670 crore and Goldman Sachs Asset Management (India) Rs. 6,832crore.

✍ 395 listed companies lack women directors

Over 395 listed companies are yet to appoint women directors on their boards as on March 25,even as the SEBI has warned of consequences for non-compliance. "395 of 1,478 listedcompanies on the National Stock Exchange (NSE) do not have any female representation ontheir respective Boards as on March 25," according to a data compiled by Prime Database.SEBI vide its circular dated 17th April 2014 has made it mandatory for all the listed companiesto appoint atleast one Woman Director on their Board of Directors by 31st March, 2015 inalignment with the requirement of Section 149 of the Companies Act, 2013, under corporategovernance norms. According to Companies Act 2013, all listed companies, and publiccompanies having a paid-up capital of Rs. 100 crore or turnover of Rs.300 crore, should have awoman director on their board. SEBI is very serious on the compliance to these norms and hasproactively sought the action initiated to ensure compliance with the aforesaid requirement forthe companies that are yet to appoint a Woman Director on their board. These guidelines, partof Sebi's Corporate Governance Code, were issued way back in February 2014 and the initialdeadline of October 1, 2014 was extended by another six months. The SEBI warned that therewill not be anymore extensions and strict action will be taken against companies who do notappoint at least one woman on its board by the end of March 31, 2015. As per SEBI, nearlyone-third of the top-500 listed firms in India do not have any woman member on their Boardsyet.

✍ SBI wins ‘Brand of the Year’ Award at The World Branding Awards in Paris

State Bank of India won the ‘Brand of the Year’ award in banking in India at The WorldBranding Awards that took place in Paris, France on March 25th, 2015. The glittering ceremonyat the iconic Hilton Paris Opera honored 50 brands from 22 countries. The second installmentof the World Branding Awards 2014-2015 had an emphasis on food, beverage, luxury, fashion,lifestyle, hospitality, and service brands. The premiere Awards was held in London last year.The Awards is organised by the World Branding Forum (WBF), a global non-profit organisationdedicated to advancing branding standards for the good of the branding community as well asconsumers. It organises and sponsors a range of educational programmes, includingcollaborations with leading universities and museums. Other national tier winners from Asiaincluded China Telecom; Indosat (Indonesia); NTT Docomo (Japan); SK Telecom (Korea); PosMalaysia; SMRT (Singapore); and Chunghwa Telecom (Taiwan). Each brand was named“Brand of the Year” in their respective categories. Global winners included Cartier, Club Med,Evian, Gillette, Gucci, Hermès, Hilton Hotels and Resorts, IKEA, L’Oréal, Moët & Chandon,Nike, Prada and UPS.

Top corporate news of the day

✍ UPL is buying a 40% equity stake in Brazilian firm Sinagro group, which is a distributor offarm inputs-crop protection, fertilisers and seeds in the Cerrado region of Brazil.

✍ Grasim Industries has ventured into retailing women garments made of viscose staplefibre. The company’s subsidiary, Birla Cellulose, launched the garment brand Liva, which willbe available at 1,000 outlets across 50 cities.

Government is likely to exempt oil producers ONGC and Oil India Ltd from payment of fuelsubsidy in the fourth quarter ending March 31, a senior Petroleum Ministry official said.

✍ NMDC limited will complete the construction of the 3 million tonnes per annum (Mtpa)integrated steel plant in Nagarnar in Chhattisgarh by 2016.

To capture a pie of the flourishing online retail business, Ashapura Intimate Fashion (AIFL)plans to launch its own e-commerce venture in April. The launch will coincide with the launchof physical stores in major cities across the country.

The Taj Group announced the opening of Taj Dubai located in the Burj Khalifa downtown areain Dubai. This hotel has 296 rooms including 2 lavish suites.

✍ SpiceJet plans to lease seven more Boeing 737 aircraft by May while another Rs5bn isexpected to be infused by its new owner Ajay Singh next month.

Prime Minister Narendra Modi is expected to announce a Rs360bn capacity expansion plan forSAIL's Rourkela steel plant when he inaugurates the modernised unit of the state-owned firmon April 1.

✍ Union Bank of India has deferred its plan to raise Rs13.86bn fund through qualifiedinstitutional placement (QIP) to the next fiscal. (BS)

✍ GlaxoSmithKline has reached a deal with the British government to supply a newmeningitis B vaccine, following a lengthy stand-off over price with the product's previousowner Novartis.

✍ Strides Arcolab has launched its generic drug Sofosbuvir in India under the brand name'Virso'. This drug, which is used for Hepatitis C treatment and is shown to have cure rates ofaround 90%, according to Strides officials.

The construction wing of Larsen & Toubro – L&T Construction – has secured orders worthRs17.11bn during March.

✍ Jet Airways launched daily international flights to Abu Dhabi from Pune, Ahmedabad andMangalore.

To tap into the growing middle class, travel services provider Thomas Cook is working on amodel to reach out to its customers by setting up small outlets in high footfall areas such asmalls and markets.

In the new mechanism for gas based power plants, the key suppliers GAIL and GSPL wouldhave to fore go 50% of their transmission tariff and 75% of marketing margin in supplyingimported R-LNG, said a senior power ministry official.

Eyeing leadership in the Super Sports segment, Bajaj Auto launched the Pulsar Rs. 200 bike,priced at Rs118.5k and Rs130.3k for the non ABS and ABS versions respectively,ex-showroom Maharashtra.

✍ With the production of thermal coal on the rise, the government is hopeful that state-ownedCoal India will surpass its 1bn tonne excavation target by 2020.

✍ IRB Infrastructure Developers said it will raise Rs.4.4bn through an issue of shares toinstitutional investors.

✍ Mahindra & Mahindra has expressed an interest in buying car designer Pininfarina but nodeal has been reached yet, the Italian company confirmed.

✍ Ultratech Cement said the Rajasthan High Court has “quashed and set aside” a stategovernment order relating to cancellation of a limestone mine owned by a subsidiary of thecompany.

✍ Tata Consultancy Services (TCS) launched a smartphone application here that allows usersto track, analyse and visualise Twitter conversations about the UK General Election to be heldin May.

✍ Emami Ltd has given a new look to a BoroPlus prickly heat powder variant for thissummer, which, Besides providing an antiseptic shield against the harsh weather conditions, theproduct formulation of BoroPlus Ice Prickly Heat Powder also offers cool sensation (BL)

✍ Reliance Industries has countered government's assertion that power plants were lying idledue to fall in output from its KG-D6 fields, saying most of these units were built much beforethe fields were even discovered.

✍ Gayatri Projects said it has bagged a contract amounting to Rs1.8bn from HyderabadGrowth Corridor Corporation Limited for the road stretch between Shamirpet to Keesara.

The Odisha government said it has invited the US-based Alcor Inc and engineering major L&T ✍ Construction Company to discuss their proposals for setting up a helicopter manufacturing

and assembly unit.

✍ HDFC Bank said Andhra Pradesh and the newly-formed Telangana stood top on the bank'shigh-growth avenues and added the regions would see expansion in branch network in the nexttwo to three years.

✍ Sun Pharmaceutical Industries, India's largest drugmaker, announced closure of its mergerwith Ranbaxy Laboratories and said the integration will deliver synergies worth $250mn (overRs15bn) in three years

State-owned oil and gas explorer ONGC is making an investment of Rs400bn inKrishna-Godavari basin in a phased manner in the next four years.

Hiking its stake in Delhi International Airport to 64%, GMR Infrastructure will acquire anadditional 10% equity for $79mn from Malaysia Airports Holdings Berhad (MAHB), which isexiting the venture.

✍ Drug major Cipla announced the launch of generic drug Sofosbuvir for treating chronicHepatitis C under the brand name 'Hepcvir', in India.

✍ Hindustan Construction Company Ltd (HCC) has secured an arbitration award of Rs2bnfor the extension of time (EOT) cost claim in Lucknow - Muzaffarpur National HighwayProject.

✍ Tata Motors, India's biggest automaker, has secured board of directors approval for anRs75bn rights issue to fund its on-going and future activities.

✍ Rural Electrical Corporation (REC) said it has already sanctioned financial assistance ofRs57bn to various utilities in the power sector in the ongoing fiscal.

India's third-largest IT services exporter Wipro is setting up a "commando force" unit nextmonth that will target clients seeking to speed up automation and do more business online, anexecutive told Reuters.

✍ Pune-based Praj Industries Ltd (Praj) has signed a memorandum of understanding (MoU)to become a licensee for bio-fuels company Gevo. The agreement is for producing renewableisobutanol at sugar-based ethanol plants.

✍ Gujarat State Fertilizers & Chemicals Ltd (GSFC) said it has lined up an investment ofRs150bn to expand capacity over the next two years.

Public sector undertaking Rural Electrification Corporation Limited (REC) has signed amemorandum of understanding with the Telangana State Generation Corporation (Genco) toprovide a funding of Rs240bn for the latter's power projects.

✍ Alstom Transport India will supply coaches to Kochi Metro Rail Ltd at a cost that will belower compared with the ones supplied to other metro projects in the country.

✍ YES Bank is going for a second round of infrastructure bonds to mop Rs10bn for projectsin transport and energy.

✍ Educomp Solutions has launched SmartclassOnline, an e-learning platform for students,parents, teachers and the school administration to improve the learning process.

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