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LUPIN - Lupin News Story

₹1212.25 14.9  1.2%

Last Trade - 12/05/21

Sector
Healthcare
Size
Large Cap
Market Cap £5.30bn
Enterprise Value £5.50bn
Revenue £1.47bn
Position in Universe 81st / 3110

Indian stocks to watch-March 6

Wed 6th March, 2013 3:11am
GLOBAL MARKETS ROUNDUP        
    * Nifty futures on the Singapore Exchange    rose 0.45 
percent. The MSCI-Asia Pacific index, excluding Japan   
   was up 1.01 percent.              
    * Asian shares extended gains on Wednesday as investors grew 
more risk-friendly following Wall Street's record close, signs 
of continuing U.S. economic recovery, and globally accommodative 
monetary conditions.           
    * The Dow Jones industrial average soared to a record 
closing high on Tuesday, breaking through levels last seen in 
2007 and as investors rushed in to join the party in 
anticipation of more gains.            
          
    FACTORS TO WATCH 
    * Sony India media briefing to launch mobile phone. 
    * India ministerial panel meet on airwaves auction. 
    * India aviation minister at event. (0430GMT) 
     
    INDIAN STOCKS TO WATCH 
For additional press items double click    
NOTE: Reuters has not verified third-party stories and does not 
vouch for their accuracy. 
     
    FINANCIAL/REGULATORY 
    * India's one-month wholesale deposit rates were heading 
towards 10 percent on Tuesday as banks stepped up their efforts 
to raise deposits to meet their year-end targets in March, 
dealers said. (Reuters)    
    * Firms under official investigation in India will no longer 
have to obtain direct central bank permission before borrowing 
funds abroad, the Reserve Bank of India (RBI) said on Tuesday. 
(Reuters)    
    * Cadbury Plc, now part of Mondelez International Inc 
  , used a nonexistent factory in India to avoid about $46 
million in taxes, the Wall Street Journal reported on Tuesday, 
citing a report by the Indian tax authorities. (Reuters) 
   
   * The Comptroller and Auditor General (CAG), in a report 
tabled in Parliament on Tuesday, pointed out that several 
ineligible farmers were favoured and a large number of deserving 
small and marginal farmers left out in implementation of the 
United Progressive Alliance's much-touted 520 billion rupees 
farm loan waiver scheme. (The Hindu) 
(()) 
   * Companies have begun selling shares held in employee 
welfare schemes in response to the Securities and Exchange Board 
of India's (Sebi) call to comply with the fresh guidelines by 
June 30. (Financial Chronicle) 
(()) 
 
    ENERGY/COMMODITIES 
    * Aditya Birla Minerals   , part of India's Aditya 
Birla Group, is shutting the smaller of its two Australian 
copper mines as it is struggling to make money at current copper 
prices. (Reuters)    
    * Tata Steel    has agreed to lenders' condition to 
pay a higher interest rate for a proposed 228 billion rupees 
loan if its credit rating slips. (Economic Times) 
(()) 
    * Rajasthan government and Hindustan Petroleum Corporation 
Ltd    will sign a pact on March 13 for setting up an oil 
refinery in the state. (Press Trust of India in Economic Times) 
(()) 
    * State-owned miner Coal India Ltd    has been 
selling 18 percent of its annual 435-mt output at a price higher 
than, or at least at par with, global benchmarks. (Business 
Standard) 
    *     Reliance Industries Ltd    has stopped supply 
of gas to 25 power plants from last Friday, said an industry 
source. (Business Standard) 
(()) 
   * The $40-billion textile-to-telecom Aditya Birla group is 
planning to buy a fertiliser plant in the US to benefit from 
cheaper prices of shale gas to fuel factories, the group's 
promoter Kumar Mangalam Birla said. (Financial Express) 
(()) 
   * The West Bengal government has upped the ante against JSW 
Steel    and charged it with delaying the Salboni steel 
and power project. At 350 billion rupees the investment for the 
project is the largest in the state. (Business Standard) 
(()) 
   * A few shareholders in Australian company Legacy Iron Ore, 
acquired by NMDC    in 2011, have sent it a notice, 
asking it to either fulfill the promises made during the 
acquisition, or leave, a source close to the development said. 
(Business Standard) 
(())      
    
    AUTOS 
    * South Korean car maker Ssangyong Motor Co    
expects to return to profitability in 2015, its chief executive 
said on Tuesday, with the financial clout of its Indian parent 
helping it to update its product line. (Reuters)    
   * Jaguar Land Rover    will not expand its overseas 
production capacity until its new China factory comes online, 
its CEO said on Tuesday, and will target growing demand in 
markets such as Turkey to continue round-the-clock manufacturing 
in the UK. (Reuters)    
   * After grabbing a sizeable share from Tata Motors    
in the utility vehicle market, Mahindra & Mahindra    is 
adding more mini trucks to its portfolio in a bid to challenge 
the dominance of India's leading truck maker by market share. 
(Economic Times) 
(()) 
    
     AIRLINES 
    * A day before the FIPB meeting to look into AirAsia's 
   proposed joint venture to launch a new airline here, 
the Aviation Ministry is understood to have opposed the plan 
saying the new FDI rules are meant for existing carriers only, 
sources in the ministry said. (Press Trust of India in Economic 
Times) 
(()) 
    * Lenders to Kingfisher Airlines    have indicated 
they may sell United Spirits    shares pledged with them 
as collateral either in the market or at a higher price to 
outsiders, dealing a serious, but not fatal, blow to the 
proposed takeover of USL by British liquor giant Diageo, senior 
official at one of the PSU banks said.  
(()) 
    
    MEDIA 
    * Dish TV India Ltd    has informed BSE that the 
Board of Directors of the Company at its meeting held on March 
05, 2013, inter alia, has approved the divestment of its 
investment in its Wholly Owned Subsidiary viz. Dish TV Singapore 
Pte Limited. (Reuters)    
 
    PHARMA 
    * Ranbaxy Pharmaceuticals Inc., the US arm of India's 
largest drug maker, said on Tuesday that it has entered into an 
in-licensing agreement with Alembic Pharmaceuticals Ltd 
   to exclusively sell the generic version of Pfizer 
Inc.'s    anti-depression drug Pristiq in the US. (Mint) 
(())   
    * US-based pharma giant Pfizer Inc said it has filed suit 
against six firms, including India's Lupin   , over 
patent infringement of celecoxib, the active ingredient of its 
branded drug Celebrex used for treating osteoarthritis. (PTI in 
Economic Times) 
(()) 
     
    TELECOMS 
    *     The country's GSM operators have accused the 
Department of Telecom (DoT) of extending "undue benefits" to 
Mukesh Ambani's Reliance Industries    by "illegally" 
paving the way for it to offer voice calling services with 4G 
airwaves, which were originally planned to be used only for 
high-speed Internet services. (Economic Times) 
(()) 
    * Mukesh Ambani's Reliance Industries    is said to 
have finalized Samsung as a partner to source the Korean 
conglomerate's long-term evolution (LTE) technology platform for 
its much-talked about bundled data & voice s
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