TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

Nifty futures/Bank Nifty futures market closed on 8287 /18044 . According to technical analysis if Nifty futuresand Bank Nifty future moves down-word in tomorrow treading session then 8209 will be small support for Niftyfutures and 17890 will be small support for Bank Nifty futures. If it break this level then then Nifty futures can godown to 8073 level and Bank Nifty futures can touch 17464level in next few days. It will be hard support for Niftyfutures and Bank Nifty futures. Meanwhile in up trend there is small resistance on 8337for Nifty futures and 18167is for Bank Nifty futures after breaking this level with volume there is big resistance for Nifty futures on 8483 and18549 for Bank Nifty futures.

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )

NIFTY

DAILY R2 R1 PP S1 S28583 8379 8277 8175 7971

WEEKLY R2 R1 PP S1 S29303 8667 8349 8031 7395

MONTHLY R2 R1 PP S1 S29660 8810 8385 7960 7110

BANK NIFTY

DAILY R2 R1 PP S1 S218824 18280 18008 17736 17192

WEEKLY R2 R1 PP S1 S221531 19363 18279 17195 15027

MONTHLY R2 R1 PP S1 S222381 19703 18364 17025 14347

MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS

NIFTY 8477 8424 8399 8480

BANK NIFTY 18629 18519 18363 18554

PARABOLIC SAR DAILY WEEKLY MONTHLY

NIFTY 8571 8704 9021

BANK NIFTY 18891 19347 20808

NSE EQUITY DAILY LEVELS

COMPANY NAME R3 R2 R1 PP S1 S2 S3

ACC EQ 1506 1471 1437 1426 1403 1390 1368ALBK EQ 100 95 90 89 86 84 81

AMBUJACEM EQ 280 263 246 238 229 221 212ASIAN PAINT EQ 969 940 911 901 882 872 853AXISBANK EQ 566 552 537 531 555 5136 508BAJAJ-AUTO EQ 2810 2687 2564 2497 2441 2374 2318BANKBARODA EQ 227 216 205 201 194 190 183BANKINDIA EQ 180 175 169 167 164 162 158BHEL EQ 269 262 255 252 247 245 240BHARTIARTL EQ 413 398 382 376 367 360 351CIPLA EQ 779 749 720 709 690 679 660COALINDIA EQ 372 364 357 353 349 346 342DLF EQ 147 136 126 120 116 109 105DRREDDY EQ 4564 4462 4360 4306 4259 4205 4157GAIL EQ 352 338 325 318 311 304 298GRASIM EQ 3886 3799 3712 3671 3625 3584 3538HCLTECH EQ 1073 1036 998 982 961 944 923HDFC EQ 1302 1277 1252 12401 1227 1215 1202HDFCBANK EQ 1128 1106 1084 1074 1062 1052 1040HEROMOTOCO EQ 2951 2828 2705 2629 2582 2506 2459HINDALCO EQ 97 93 88 87 84 83 80HINDUNILVR EQ 958 930 903 892 876 865 849ICICIBANK EQ 322 312 303 299 294 290 284ITC EQ 353 345 336 333 328 325 319INDUSIND BANK EQ 1003 971 939 923 908 891 876INFY EQ 1273 1230 1186 1169 1143 1125 1100JINDALSTEL EQ 89 82 76 73 69 66 62KOTAKBANK EQ 749 729 709 698 689 678 669LT EQ 1830 1800 1770 1755 1740 1725 1710M&M EQ 1438 1396 1354 1337 1312 1295 1271MRF EQ 48363 46560 44757 44108 42954 42305 41151MARUTI EQ 4825 4740 4655 4611 4570 4527 4485ONGC EQ 273 267 261 258 254 252 248ORIENTBANK EQ 177 171 164 162 158 156 152RCOM EQ 67 64 62 61 60 59 57RELCAPITAL EQ 367 353 340 335 326 321 312RELIANCE EQ 950 935 920 914 905 899 890RELINFRA EQ 398 381 365 358 348 342 331RPOWER EQ 47 44 42 41 40 39 37SBIN EQ 302 289 276 272 264 259 247SSLT( VEDL) EQ 106 102 98 96 94 92 89SUNPHARMA EQ 1033 998 964 950 929 916 894TATAMOTORS EQ 368 356 344 338 333 326 321TATAPOWER EQ 73 71 69 68 67 66 64TATASTEEL EQ 256 249 242 240 235 233 227UNIONBANK EQ 230 219 208 204 197 193 186

TOP 15 ACHIEVERS // TOP 15 LOOSERS

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION )

1. GAIL - GAIL RECOVERD FROM THE LEVEL OF 327 AND MADE HIGH OF 338 . THIS WEEK IF

IT CLOSES ABOVE 338 LEVEL THEN 345/348 LEVELS ARE POSSIBLE.

2. AMBUJACEMENT FUTURE - AMBUJACEMNET OPEN AT 220 AND CLOSE AT 226.20 MADEHIGH 229.85 AND MADE LOW OF 220 OVERALL TODAYS AMBUJACEMNET MOVEMENTWAS IN BULLISH TREND.FROM THE LEVEL OF 229.85 ITS MOVES IN BEARISH MOVEMENTBREAK TREND LINE ON 15 MIN INTRADAY CHART WE CAN MADE SHORT POSTION FORNEXT WEEK IF IT BREAK ITS TODAYS CLOSE OF 226.20 AND NIFTY MOVEMENT IS INBEARISH TREND.

3. ZEEL FUTURE - ZEEL FUTURE OPEN AT 392 AND CLOSE AT 383.65 AND MADE HIGH OF388.05 AND LOW OF 378.50. TODYS MOVEMNT OF ZEEL FUTURE IS IN BEARISH TREND ONDAILY CHART OF ZEEL FUTURE IT BREAK UPPER TREND LINE IT MAY BE IN DOWNMOVEMENT IF NIFTY MOVEMET IS IN DOWNTREND WE CAN MAKE SHORT POSITIONFOR NEXT WEEK IF IT BREAK ITS TODAY LOW OF 378.50 AND NIFTY GIVES ITSMOVEMENT IN BEARISH TREND.

4. VEDL FUTURE - VEDL FUTURE OPEN AT 96.10 AND CLOSE AT 95.50 MADE LOW OF 93.10AND HIGH OF 97.05 OVERALL. VEDL TODYS MOVEMENT IS IN BEARISH TREND.DAILYMOVEMENT OF VEDL IS ALSO IN BEARISH TREND. WE CAN MADE SHORT POSTION FORVEDL IN NEXT WEEK BELOW ITS TODY’S LOW 93.10 AND NIFTY MOVEMENT IS BEARISHTREND.

SR.NO SCRIPT NAME PREVCLOSE

CMP % CHANGE

1 CEAT LTD 968.65 1169.65 +20.75

2 RAMCO INDUS 106.80 127.80 +19.66

3 GLENMARK PHARMA 1034.30 1226.80 +18.61

4 JINDAL POLY FILMS 345 407.60 +18.14

5 JK TYRE 101.85 117.75 +15.61

6 BANK OF BARODA 176.05 199.65 +13.41

7 ADANI PORTS 322.20 365.05 +13.30

8 DIVIS LABS 2179.80 2439.90 +11.93

9 CANARA BANK 292.95 327.70 +11.86

10 LUPIN LTD 1722.15 1877.80 +9.04

11 CHENNI PETRO 233.30 253.35 +8.59

12 SUN PHARAMA 866.15 937.90 +8.28

13 AUROBINDOPHARMA

744.15 804.45 +8.10

14 ASHOKA LEYLAND 88.10 95.10 +7.95

15 JSW STEEL 877.55 947.15 +7.90

SR.NO SCRIPT NAME PREV CLOSE CMP % CHANGE

1 AMTEK AUTO 152 64.35 -57.66

2 CENTRAL BANK 102.85 80.70 -21.54

3 DCM LTD 114.10 93.20 -18.32

4 VEDANTA 113.85 94.60 -16.91

5 HINDALCO INDUS 95.90 86.00 -10.32

6 YES BANK 770 692.15 -10.11

7 EASSER OIL LTD 194.20 174.75 -10.02

8 RCOM 66.70 60.25 -9.67

9 JUST DIAL 1007.25 917.05 -8.96

10 FUTURE RETAIL LTD

121.10 110.45 -8.79

11 HDIL 79.25 72.45 -8.58

12 CAIRN INDIA 154.95 141.70 -8.55

13 JINDAL STEEL 77.15 70.85 -8.17

14 LIYOD ELECTRIC 243.45 224.40 -7.83

15 REL INFRA 380.55 352.60 -7.34

5. SBIN FUTURE - SBIN FUTURE OPEN AT 264.55 AND CLOSE AT 267.85 MADE LOW 261.65 ANDHIGH OF 269.45 TODAYS MOVEMENT OF SBIN FUTURE IS IN BULLISH TREND ALSO ITSDAILY MOVEMNT ON DAILY CHART IS IN BULLISH TREND. WE CAN MADE LONG POSTIONABOVE ITS TODAY’S HIGH OF 269.45 AND BANK NIFTY MOVEMNT IS IN BULLISH TREND.

6. BHEL - ON DAILY CHARTS IF BHEL BREAKS 248 LEVEL AND SUSTAIN BELOW IT THEN ITCAN TEST 242/238 LEVELS THIS WEEK.

7. YES BANK - IF YESBANK TRADES BELOW 678 LEVEL AND SUSTAIN BELOW IT THEN ITMAY CORRECE UPTO THE LEVEL OF 670/665.

8. PNB - PNB CAN COME UPTO THE LEVEL OF 152 IF IT SUSTAIN BELOW 158 LEVEL ONDAILY CHARTS.

9. POWERGRID - IF OWERGIED CLOSES BELOW 133 ON DAILY CHART THEN BEARS CANDREG IT TO THE LEVEL OF 129 .

10. DLF - IF DLF CLOSES BELOW 112 AND TREDS BELOW IT THEN IT CAN COME CORRECTUPTO 108.

CURRENCY MARKET

EURINR R2 R1 PP S1 S2

DAILY 77.45 75.45 74.45 73.40 71.40

WEEKLY R2 R1 PP S1 S281.40 76.40 73.90 71.45 66.45

MONTHLY R2 R1 PP S1 S287.80 78.10 73.10 68.25 58.45

JPYINR R2 R1 PP S1 S2

DAILY 55.95 54.60 53.90 53.20 51.80

WEEKLY R2 R1 PP S1 S257.85 55.05 53.65 52.25 49.45

MONTHLY R2 R1 PP S1 S2 61.00 55.85 53.25 50.70 45.55

USDINR R2 R1 PP S1 S2

DAILY 67.20 66.55 66.25 65.90 65.25

WEEKLY R2 R1 PP S1 S268.65 66.90 66.05 65.20 63.50

MONTHLY R2 R1 PP S1 S271.85 67.75 65.65 63.60 59.45

GBPINR R2 R1 PP S1 S2

DAILY 106.05 104.50 103.75 102.95 101.45

WEEKLY R2 R1 PP S1 S2108.75 105.20 103.40 101.60 98.05

MONTHLY R2 R1 PP S1 S2116.50 107.15 102.45 97.75 88.35

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK

✍ Lupin gets US FDA nod for fenofibrate Tablets - Pharma major Lupin Limited announcedtoday that it has received final approval for its Fenofibrate Tablets 54 mg and 160 mg from theUnited States Food and Drugs Administration to market a generic version of Teva’s FenofibrateTablets, 54 mg and 160 mg. Lupin’s US subsidiary, Lupin Pharmaceuticals Inc. wouldcommence promoting the product shortly in the US Lupin's Fenofibrate Tablets 54 mg and 160mg is the AB rated generic equivalent of the current reference listed drug, Fenofibrate Tablets54 mg and 160 mg of Teva. It is indicated as an adjunct to diet to reduce elevated LDL-C,Total-C, TG and Apo B, and to increase HDL-C in adult patients with primaryhypercholesterolemia or mixed dyslipidemia and for treatment of adult patients with severehypertriglyceridemia. Fenofibrate Tablets 54 mg and 160 mg has US sales of USD 156 million.

✍ Sebi meets bourses to iron out FMC merger issues - Commodity exchanges would begiven a deadline to comply with all the regulations under the Securities Contract and StockExchange Regulations Act, 2012, however commodity participants’s transition to the same isnot expected overnight, says Sebi Chairman, U K Sinha in a meeting with officials along withthe Sebi panel.The regulations would be finalized in Sebi’s board meeting on August 24.Themeeting was held to sort out issues over its merger with the Forward Markets Commission andmonitor the merger and officials of commodity exchanges. A time limit of up till 3 years wouldbe granted to commodity exchanges to have separate clearing corporations, which they do nothave currently and which is also mandate under the Sebi Act. A net worth of Rs 100 crore willhave to be acquired by national commodity exchanges by 2017 along with regional stockexchanges, within three years of the merger. The merger is expected to be effective bySeptember 28 and the event could witness the presence of Finance Minister Arun Jaitley. Sebiwould issue circulars on risk management at national and regional commodity derivativesexchanges on the date of merger, as per a Business Standard report.

✍ Walmart Q2 net profit fell to $1.08 per share - Walmart Stores Inc reportedweaker-than-expected quarterly earnings. The net profit fell to $1.08 per share in the secondquarter ended July 31. The company reportedly said it now plans to open 160 to 170 of itssmaller format stores in the full year to January.

✍ Orient Green Power gains on fund raising plan - Shares of Orient Green Power CompanyLtd were trading ｬ竅 higher 1.2% at Rs. 14.05 on BSE today. The company said its board hasapproved raising Rs. 250 crore by issuing shares on a preferential basis. The existing promoter,SVL Ltd formerly known as Shriram Industrial Holdings Ltd and/or its subsidiaries willsubscribe to shares equivalent to Rs. 150 crore. The stock opened at Rs. 14.30 as against theprevious close of Rs. 13.88 on BSE. It has hit a high of Rs. 14.45 and a low of Rs. 14 on BSEtoday. Total traded quantity on the counter stood at over 1.19 lk shares on BSE.

✍ MMTC to Import 10,000 MT of onion - In order to contain rise in prices of onion andensure its increased availability, the Government of India has decided that MMTC will float aglobal tender for import of 10,000 MT of onion shortly.

✍ Jet Airways raises bridge rupee loan - Jet Airways has raised bridge rupee loan of aboutRs. 1,650 crore, according to reports. Report says that the airline application to raise more

overseas loans is awaiting approval from the Reserve Bank. The airline wanted to raiseadditional loans of $300 mn for which it appealed to RBI to relax the ECB cap. Jet Airways hasraised the rupee bridge loan from Standard Chartered Bank recently.

✍ Amtek Auto stock crashes 33% - Shares of Amtek Auto Ltd crashed by 33% at Rs. 86 onNSE today. The company has been removed from the Future & Options market. NSE said itwill exclude the stock from its futures and options segment effective October 30. The stock hita high of Rs. 126.90 and a low of Rs. 86 on NSE today.

✍ Mahindra Insurance planning to enter rural retail business - Mahindra InsuranceBrokers Limited has turn a Rs. 520 crore company during 11 years of its inception by offeringinsurance solutions to the to the under-penetrated rural market and serving to under-servedclients.Started with Rs. 50 lakh equity capital in 2004, this Mahindra Finance subsidiary boastsof catering more than five million customers, offering them with both life and non-lifeinsurance policies. Now, the company aims to reach among the leading 100 global insurancebrokers by 2020, the organization is eyeing at its rural retail business and reinsurance businessto support to achieve its goal.

✍ Telenor to bid for 3G in next auctions - Norwegian telecom major Telenor is reportedlyplanning to bid for 3G spectrum in the next round of auctions in India, according to reports.Report says that the company is actively looking at boosting network capacity by strikingspectrum sharing arrangements. " We need spectrum to upgrade technology," Vivek Sood, CEOof Telewings Communications Services said.

✍ Canara Bank drops on profit booking - Canara Bank continues to trade on a negative noteon the Bombay Stock Exchange (BSE), on account of profit-taking after surging around 21percent in the past three trading days. So far during the day, the stock has dropped 2.3 percentfrom the day's high of Rs. 350 to hit a low of Rs. 342. Now, Canara Bank is down more than apercent at Rs. 345, and has seen trades of around 140,000 shares as against the two-week dailyaverage volume of 580,000 shares.

✍ Govt drops airport privatisation plan for 4 major cities: report - The Government hasreportedly dropped the plan for the privatisation of four major airports at Chennai, Kolkata,Jaipur and Ahmedabad. Airports at Chennai and Kolkata will continue to remain under thecomplete control of the Airports Authority of India, fresh bids for the Jaipur and Ahmedabadairports will be invited from private players, according to a business newspaper. The fresh bidsfrom private players for the Jaipur and Ahmedabad airports would only be for operation andmaintenance contracts, the daily quoted a government official as saying. An earlier proposalhad envisaged development of these airports on public-private partnership basis. "Rather thangoing through the PPP route, operations and maintenance will be given to specialised operatorsand a revised RFQ will have to be issued," an AAI official has been quoted as saying. The UPAgovernment had initiated the PPP process for modernising six airports at Kolkata, Chennai,Jaipur, Guwahati, Ahmedabad and Lucknow. However, the NDA government scrapped theprocess and invited fresh bids for only four of these airports.

✍ HCL Infosystems tumbles on Q4 loss - HCL Infosystems has stated the day on a negativenote, with a loss of 3 percent at Rs. 45.10 on incurring consolidated net loss of Rs. 41.45 crore

in Q1FY16, as against loss of Rs. 72.37 crore in a year ago period. Total income also declined4.2 percent to Rs. 1,686 crore from Rs. 1,760 crore. The stocks so far has plunged 8.2 percentto a low at Rs. 42.70 and is now down 4 percent at Rs. 44.65. The BSE counter has seen tradesof around 279,000 shares, as against two-week daily average volume of 1.1 million shares.

✍ Den Networks jumps on higher FII investment cap - Den Networks has soared 7.2percent to hit a high at Rs. 137 on the BSE in early morning deals, on the back of positive newsflow. According to a release issued to the BSE, Den Networks yesterday announced thatForeign Investment Promotion Board has approved hike in foreign investment limit in thecompany from 49 percent to 74 percent of the paid up share capital. The stock has now paredmost of its earlier gains but still is up 1.3 percent at Rs. 130. The BSE counter has registeredtrades of around 8,578 shares, as against two-week daily average volume of 73,000 shares.

✍ JSW Steel to invest Rs. 5,000 crore - JSW Steel is reportedly planning to invest about Rs.5,000 crore on various capital expenditure projects by the end of March 2016. "The company isexpected to invest approximately Rs. 5,000 crore during FY16 on various capital expenditureprogrammes," chairman and managing director Sajjan Jindal said. The company is also closingdown non-operational subsidiaries in the UK and Kenya, JSW Steel said. Currently, thecompany has a capacity of 14.3 million tonnes across two integrated steel plants in Maharashtraand Karnataka. The company also plans to add 4 MT to increase its capacity to 18.6 MT by theend of FY16. At the AGM last month, the firm's shareholders approved raising up to Rs 4,000crore through QIP and Rs 10,000 crore by selling non-convertible debentures. Jindal alsoinformed the shareholders that "the company is also in the process of closing thenon-operational foreign sub sidiaries i.e. JSW Steel Service Centre Ltd, Argent IndependentHoldings Ltd and JSW Steel East Africa Ltd."

Top Economy news

Inviting investors from UAE, Prime Minister said India has an immediate investmentopportunity of US$1tr and the government will take urgent steps to address concerns of thebusinessmen from this country and erase “deficit of 34 years”.

India's fuel consumption rose an annual 5.52% in July, driven by higher petrol sales whichreflected a surge in passenger vehicles sales, government data showed. Fuel consumption, aproxy for oil demand, totalled 14.03 mn tonne last month, according to Petroleum Planning andAnalysis Cell data.

Monsoon rainfall deficit has widened to 10% as a strengthening El Nino weather patterntrimmed rainfall, the weather department said, raising fears of the first drought in six years.

India will clear US$6.5bn of dues it owes to Iran for oil import in tranches, with the firstinstallment going out as early as in a week, Finance Secretary said.

The Finance Ministry in its second set of FAQs on the black money compliance window islikely to clarify on the period for which foreign bank account details have to be provided afterconcerns were expressed in some quarters over the availability of records beyond a few years.

The government is considering allowing foreign direct investment in rubber and coffee

plantation sectors with an aim to attract more FDI into the country. Currently, 100% foreigninvestment is permitted through the government approval route in the tea plantation sector.However, FDI is not allowed in any other plantation sector or activity.

The Commerce Ministry is considering interest subsidy sops to the leather industry as part ofits measures to arrest continuous fall in exports.

The government has scrapped the process of appointing bankers to manage stake sales in fivestate-owned companies owing to poor response. SBI Capital Markets, ICICI Securities and YesBank were the only three that expressed interest in managing sale of the group of fivecompanies in the 'Basket One'.

To attract talent, the government think-tank NITI Aayog has proposed paying over 30% morethan the pay scale offered by the erstwhile Planning Commission to young professionals on itspayrolls.

Power industry players and experts believe that the Prime Minister’s target of providingelectricity to 18,500 villages mainly from the remotest areas in 1,000 days is achievable butemphasized the need for complete overhaul of project scheme, adequate capacity oftransformers and related equipment and state's preparedness to ensure uninterrupted powersupply.

To safeguard the interest of domestic workers, the NDA government is readying a nationalpolicy incorporating minimum salary of Rs9000 per month, besides a host of benefits,including social security cover and provisions against sexual harassment and bonded labour.The 'National Policy for Domestic Workers' is likely to be presented before the Union Cabinetsoon.

Concerned over frequent call drops, the Department of Telecom has asked mobile operators toreport on weekly basis the steps taken to check this menace and wants them to improve serviceimmediately in the worst affected areas.

Natural gas prices in India may, from October 1, fall below US$4.2 per unit, a rate that wasused last year to devise a new pricing formula to incentivize domestic exploration.

Rating agency Moody's Investors Service scaled down its projections for India's economicgrowth for 2015-16 to 7% from an earlier estimate of 7.5% on deficient monsoon.

In a major pre-poll sop for Bihar, Prime Minister announced package of a whopping Rs1.25trin addition to the ongoing development projects worth Rs406bn, announced previously.

The 12 mineral producing states will put 82 mining blocks containing minerals such as ironore, bauxite, limestone under the hammer by October-November this year.

The government plans to spend US$1.5bn in the next three years to help farmers grow oil palmtrees in Maharashtra and Karnataka.

India’s domestic air traffic rose 29.3% in July compared to the previous year – one of thehighest levels of growth witnessed in the last several months.

The State Government will soon come up with a new policy that will make it mandatory forprivate builders to transfer a certain housing stock to Maharashtra Housing and AreaDevelopment Authority

The Reserve Bank of India has granted in-principle licence for payments banks to 11applicants. These companies selected will be given "in-principle" approval for 18 months, afterwhich they will be given licences if they fulfill all conditions stipulated by the RBI.

The government has scrapped the privatisation of four major airports - those at Chennai,Kolkata, Jaipur and Ahmedabad.

The Government is aiming to prepare the first draft of the new education policy by Decemberthis year, Human Resource Development Minister said.

Hiring activity registered a 11% jump in July mainly driven by sectors like IT, banking andpharma, while other sectors are likely to pick up momentum in the coming months.

The Finance Ministry has imposed definitive anti-dumping duty on ‘flax’ fabric imports ofUS$0.75 and US$0.63 a metre from China and Hong Kong, respectively.

In the midst of debate on the impact of slowdown in the Chinese economy on rest of the world,India's engineering exports have started witnessing a biting effect with huge drop of 36% inexport of non-ferrous metals to China in June, 2015, an analysis by the EEPC India has shown.

India's urea import has increased by 29% to 2.1 mn tones in the first four months of the currentfinancial year.

Nudged by the Prime Minister's Office, the telecom department has sought the health ministry'simmediate intervention to enable mobile carriers to install cell towers in hospitals across India.This follows reports of rising instances of call drops at healthcare centres.

A proposal to strengthen educational ties between India and Australia which would facilitatecredit transfers and recognition of qualifications between institutes in the two countries wascleared by the Government.

The rupee fell to as low as 65.50 to the dollar, its lowest since September 2013, tracking lossesin Asian currencies after a slump in Chinese equities reinforced concerns about the world'ssecond-largest economy.

Top Corporate News

Cairn India Ltd has sought government approval for proposed swap deal to skirt an oil exportban, by selling its high-way Rajasthan crude oil to foreign firms at higher rates and in returnsupplying an equivalent quantity of oil.

Pantaloons plans to invest Rs1.25bn during FY16 as it plans to add up to 35 stores across thecountry.

Coal India had been directed to sign supply pacts with power plants for total generationcapacity of 78,535 MW to ensure fuel availability. Coal India is yet to enter into fuel supplypacts with power plants for 2,560 MW generation capacity. The supply pacts could not besigned due to various reasons such as clarification of tapering linkages, approval for change ofname of the company, refusal of company to sign cost plus agreement and clarification onblock allocation.

DLF will invest about Rs. 9 bn over the next three years on construction of its new commercialproject in Gurgaon covering about 2.2 million sq ft of office space. The project will bedeveloped on a 14-acre land.

After getting a reprieve from the Bombay High Court on Maggi ban, Nestle India has said it isconfident of defending the Rs6.4bn class action suit filed by the government against it beforeNCDRC.

Mahindra & Mahindra will launch its new compact SUV named TUV300 on September 10at Chakan plant in Maharashtra.

Axis Bank has said a fifth of its point of sales machines will be near-field communicationenabled by the end of this year, which will help users pay at shops without going through thetedious process of swiping and entering a PIN.

MOIL has got green clearance for opening a new mine in Nagpur, Maharashtra. Company hadapplied for mining lease over 53.75 hectare land in Parsoda village, Tehsil Ramtek, Dist.Nagpur for opening a new mine.

BSNL lost about 2 crore subscribers in the last financial year as the telco could not matchaggressive marketing by private operators besides persisting issues related to coverage andquality of its services.

Foxconn, the world’s largest contract electronics manufacturer, plans to build an e-commerceplatform in India. It will also set up a local data centre to tap growth in the country, one of the“key global” markets.

Telecom operator Airtel said it witnessed strong demand for fourth generation internet devicessuch as dongles and Wi-Fi hotspot after its announcements earlier this month of offeringhigh-speed internet service at 3G rates.

L&T Finance Holdings plans to sell a 3.5-4% stake to private equity investors and raise Rs.1,000 crore to fund growth in the next two years.

The Tata Group, one of the oldest and largest conglomerates in the country, plans to appointchief digital officers at all its consumer-facing companies to help them use new technologies inall aspects of business.

Jet Airways is evaluating the option of extending the lease of its seven planes with itsequity-partner Etihad Airways. If the lease is extended, this could result in Jet Airways pushingback its plans to expand its services in the United States.

Future Group has signed a joint venture agreement with Swiss personal care products makerMibelle AG to develop and sell a range of consumer products exclusively for India.

Prestige Estate projects Ltd has suffered a major setback with the state government rejectingits ownership claims over a 3.23-acre plot in the technology hub of Whitefield, where it isbuilding its White Meadows project. The value of the plot is estimated at Rs1.4bn. It hasalready spent about Rs1.25bn on the construction.

Rajesh Exports has bagged an export order worth Rs11.7bn from an UAE-based company forgold and diamond-studded jewellery and medallions.

Sharon Bio-Medicine said the US health regulator has inspected one of its formulation plantsin Dehradun.

Vedanta’s iron ore division in Goa is expected to resume exports to China after a lull of threeyears.

Dish TV launched its push video-on-demand service for movie viewing at home. The DishFlixBox, priced at Rs5990, must be connected to Dish TV’s set top box for consumers to be able towatch movies.

Hinduja Foundries Ltd has decided to close its Ductron Castings unit located nearHyderabad. The forging company has been asked by Telangana to surrender the land allotted toit for a Greenfield project in Medak district.

Bosch Ltd has commissioned a 12 MW solar power project for Cochin International Airport.

Kinetic Group has tied up with Italian firm MV Agusta to launch the latter's superbikes inIndia, estimated to be priced between Rs1.2mn to Rs3.3mn, to mark its comeback intwo-wheeler segment.

State Bank of India launched a mobile wallet app, SBI Buddy, in collaboration with Accentureand Mastercard. It will facilitate basic banking functions over the mobile phone in 13 differentlanguages.

ICICI Bank launched the first of its kind fully automated digital locker. Named ‘Smart Vault’,the locker is equipped with multi-layer security system, including biometric and PINauthentication and debit cards, among others.

Indian Oil Corporation is set to exceed its capital expenditure target of Rs562bn for the 12thFive-Year Plan. The company has already spent Rs403bn to ramp up capacity with still twoyears to go for the plan to be over.

Glenmark Pharmaceuticals has received final approval from the US health regulator to selloral contraceptive - drospirenone and ethinyl estradiol tablets in the US market.

Mangalore Refinery and Petrochemicals Ltd will shut at last 46% of its crude processingcapacity for about a month from mid-September for planned maintenance.

Orient Green Power Company Ltd said its Board has approved raising Rs2.5bn by issuingshares on a preferential basis.

JSW Steel expects to invest about Rs50bn on various capital expenditure projects in this fiscalending March 2016, its CMD has said.

Indian Oil Corporation is set to exceed its capital expenditure target of Rs562bn for the 12thFive-Year Plan. The company has already spent Rs403bn to ramp up capacity with still twoyears to go for the plan to be over.

Mangalore Refinery and Petrochemicals Ltd will shut at least 46% of its crude processingcapacity for about a month from mid-September for planned maintenance.

Lupin has received approval from USFDA for Fenofibrate 54 and 160 mg tablets, the genericversion of Tricor.

Andhra Bank plans to raise Rs30bn through various instruments including QualifiedInstitutional Placements as part of meeting its capital requirement.

Corporation Bank cut base rate or minimum lending rate by 0.10%, a move which will lead tolower EMIs for its customers.

The Telecom Disputes Settlement and Appellate Tribunal has asked Hathway Cable andDatacom to pay 145.6mn towards subscription fee dues to MSM Media Distribution. ₹

Dr Reddy's Laboratories has initiated voluntary recall of Rivastigmine Tartrate Capsules of1.5 mg strength from the USA market, following 'Failed Dissolution Specifications'.

Reliance Industries Ltd said it has raised $225mn through overseas bond issue due in 2026,guaranteed by the Export-Import Bank of the United States.

Steel Authority of India has informed the union government that the public sector companyfound it financially unviable to set up an integrated steel project in Telangana as proposed bythe government in the state bifurcation Act.

Aurobindo Pharma said it has received approval from the US health regulator to marketgeneric version of Prilosec delayed-release capsules, used to treat ulcer, in the Americanmarket.

PVR Ltd has acquired 70% stake in Zea Maize Pvt Ltd, which owns the Delhi-based startup4700BC Popcorn, for Rs 50mn.

As the fare war in the Indian skies escalates, SpiceJet is now offering 100k seats on sale withfares starting as low as Rs799 for travel from August 25 to March 26 next year.

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