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SSA - AFK Sistema PAO News Story

$5.31 -0.3  -5.3%

Last Trade - 4:35pm

Mid Cap
Market Cap £2.09bn
Enterprise Value £8.97bn
Revenue £6.03bn
Position in Universe 258th / 1807

Indian stocks to watch-Feb 12

Tue 12th February, 2013 3:14am
     * Nifty futures on the Singapore Exchange    fell 0.02 
percent. The MSCI-Asia Pacific index, excluding Japan  
   was down 0.05 percent.              
    * The yen    hovered near fresh lows against the dollar 
and Tokyo stocks jumped back towards a 33-month high on Tuesday 
after comments from a U.S. official appeared to give Japan the 
green light to pursue policies that weaken yen as long as they 
help beat deflation.     
    * U.S. stocks ended a quiet session with slight moves on 
Monday as investors found few reasons to keep pushing shares 
higher following a six-week advance, though the longer-term 
trend was still viewed as positive.     
    * December industrial output (around 0530 GMT) 
    * January consumer price inflation (around 0530 GMT) 
    * Earnings: Steel Authority of India Ltd   , Oil 
India Ltd   , Hindustan Petroleum Corp Ltd   , 
Jindal Steel and Power Ltd   . 
For additional press items double click    
NOTE: Reuters has not verified third-party stories and does not 
vouch for their accuracy. 
    * Yusuffali MA, who heads the $5.5-billion LuLu group that 
owns the eponymous hypermarket chain in the Middle-East, would 
be interested in buying a minority stake in Catholic Syrian Bank 
Ltd   , should he be allowed to by Reserve Bank of 
India, The Economic Times reported. 
    "I'm not a banker and I have no intention to control the 
bank... But if RBI allows, I will consider buying another 3 per 
cent," The Economic Times quoted Yusuffali as saying. (Economic 
    * Oil and Natural Gas Corp Ltd    posted net profit 
of 55.63 billion rupees ($1.04 billion) for its fiscal third 
quarter ended December, beating expectations for a 53.7 billion 
rupees net profit. (Reuters)    
    * Coal India Ltd   , Indian Oil Corp Ltd    and 
NHPC Ltd    are likely to be the main candidates for 
disinvestment next fiscal year, government officials said on 
condition of anonymity as they are not authorised to talk to the 
media. (Economic Times) 
    * Tata Power Co Ltd    is in early-stage talks with 
Green Infra Ltd to merge the renewable energy assets of both 
companies, a person with direct knowledge of the development 
said.  (Economic Times) 
    * Jaiprakash Associates    reported October-December 
net profit fell 64.2 percent to 1.11 billion rupees from a year 
ago. (Reuters)    
    * India's sugar production for the 2013/14 season is set to 
fall below consumption for the first time in four years as a 
water shortage trims acreage in three key states. (Reuters) 
    * Voltas Ltd    reported October-December swung to a 
net profit of 768.1 million from a net loss of 1.15 billion 
rupees a year ago.  (Reuters)    
    * Russia's Sistema       and Malaysia's Maxis 
Group have shelved talks for a possible buyout of Indian telecom 
operator Aircel after inconclusive negotiation on price and a 
recently failed government auction of airwaves, The Economic 
Times reported citing two people close to the deal. (Economic 
    * Nielsen Holdings NV    increased the size of its 
contract with Tata Consultancy Services Ltd    to $2.5 
billion from $1 billion. (Reuters)    
    * Private equity firm Apax Partners LLP sold half its stake 
in Apollo Hospitals Enterprise Ltd    to Oppenheimer 
Funds Inc for about 5.23 billion rupees ($97 million). (Reuters) 
    * Piramal Enterprises Ltd    said October-December 
net profit surged to 610.7 million rupees from 85.2 million 
rupees a year earlier.    
    * Securities and Exchange Board of India has allowed Diageo 
Plc     more time to begin buying shares of United Spirits 
Ltd    from public shareholders, JM Financial, which is 
managing the open offer for Diageo, said in a filing with the 
BSE on Monday. (Mint) 
    * Indian Hotels Co's    board will decide whether to 
proceed with a bid for Orient-Express Hotels    in the 
current fiscal year ending March, a top company executive said 
on Monday. (Reuters)    
    * Endemol India and Eros International Media Ltd    
have agreed on a joint venture in which the two companies will 
equally share investments and revenues, Deepak Dhar, managing 
director and CEO of Endemol India, said. (Economic Times) 
NOTE: Reuters has not verified third-party stories and does not 
vouch for their accuracy. 
 (Compiled by Dipika Lalwani) 
 (( 6180-7219)(Reuters 
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