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LUPIN - Lupin News Story

₹1178.45 -33.8  -2.8%

Last Trade - 14/05/21

Large Cap
Market Cap £5.18bn
Enterprise Value £5.26bn
Revenue £1.47bn
Position in Universe 82nd / 3111

Indian stocks to watch-Nov 30

Fri 30th November, 2012 3:12am
    * Nifty futures on the Singapore Exchange    rises 0.45 
percent. The MSCI-Asia Pacific index excluding Japan 
   is up 0.65 percent.         
    *  U.S. stocks finished higher on Thursday as investors 
bought on sporadic dips in a market roiled by conflicting 
comments from Washington about negotiations on an agreement to 
avoid the "fiscal cliff."      
    * Asian shares edged up on Friday on expectations a deal 
will eventually be reached to avoid a U.S. fiscal crisis, but 
investors wary about taking big positions before the year-end 
were likely to take profits on the rises and buy on dips. 
    * India to release Sept quarter GDP data at 0530GMT. 
    * Bharti Infratel IPO presser at 0415GMT. 
    * India will release infrastructure output data for October 
at 0630 GMT. 
    * India to release federal budget deficit data for April-Oct 
at 1030 GMT. 
    * RBI to release forex reserves, bank lending data at 
    * CEC is likely to submit report on illegal mining in Goa at 
Supreme Court with its recommendations. 
    * FMC chief Ramesh Abhishek at India Commodity Exchange 
press conference. 
For additional press items double click    
    * India and Brazil accused rich nations on Thursday of doing 
too little to fight climate change at U.N. talks in Doha and 
denied that emerging economies were back-sliding from pledges to 
step up action from 2020. (Reuters)    
    * India's central bank will buy 120 billion rupees ($2.2 
billion) of federal government bonds on Dec. 4 through open 
market operations (OMO), it said in a release on Thursday. 
    * The Central Vigilance Commission is examining a reference 
received from Punjab National bank involving 24 of its officials 
in an alleged fraud involving over 25 billion rupees. (Press 
Trust of India in Economic Times) 
    * Bharti Infratel Ltd, the telecommunications tower unit of 
top Indian phone carrier Bharti Airtel   , is likely to 
raise up to $825 million in what would be the country's biggest 
IPO in two years, sources with direct knowledge said. (Reuters) 
    * The telecom department (DoT) plans to simultaneously sell 
unsold spectrum from the recently concluded auctions along with 
a portion of airwaves held by existing operators such as Bharti 
Airtel, Idea Cellular    and Vodafone    in the 900 
MHz frequency before March 31, 2013, as the government scrambles 
to meet its target of raising 400 billion rupees from the sale 
of airwaves in the current fiscal, said a ministry official. 
(Economic Times) 
    * India's civil aviation ministry will try to convince the 
country's petroleum ministry next week to declare jet fuel as a 
"notified good," which would lead to exemption from high state 
taxes, providing some relief to battered local carriers. 
   * German drugmaker Bayer    has filed a lawsuit in 
the United States against Indian generic drug maker Lupin 
  , to prevent it from selling a version of Bayer's 
birth-control pill Natazia in the U.S. (Reuters)    
   * Glenmark Pharmaceuticals    said it is aiming for up 
to 30 percent growth in revenues this fiscal to touch 50 billion 
rupees, with US and Latin America expected to be primary 
drivers. (Press Trust of India in Economic Times) 
   * Indian group PVR    is to buy control of rival 
Cinemax India    for 3.95 billion rupees ($71 million) to 
create the country's biggest operator of multi-screen movie 
theatres. (Reuters)    
   * British sports car maker Aston Martin said it is in 
"advanced" talks with potential investors over an injection of 
capital into the business. Indian tractor maker Mahindra and 
Mahindra    last week topped an offer from Italian 
private equity fund Investindustrial that had been agreed with 
Aston's owner, Kuwaiti investment house Investment Dar, sources 
said. (Reuters)    
  * US car major Ford    today said it will make India its 
export hub with plans to sell its products in more than 50 
countries over a period of time. (Press Trust of India in 
Economic Times) 
  * Hero MotoCorp   , the world's largest two-wheeler 
manufacturer, reported record retail sales in the festive season 
this year. HMCL has already retailed over 1.1 million 
two-wheelers in the festive months of October and November. 
(Economic Times) 
   * The country's leading automobile company Tata Motors 
   will halt production at its block in Jamshedpur for 
three days from Thursday, following poor demand. (Press Trust of 
India in Economic Times) 
   * Elgi Equipments Ltd   , a manufacturer of air 
compressors and automobile service station equipment, has 
acquired 100 percent stake in Patton's Inc. The company did not 
disclose the value of the deal. (Business Standard) 
    * The Indian government's share sell down in state-run miner 
NMDC Ltd    to raise roughly $1.2 billion is likely to be 
launched on Dec. 13, three sources with direct knowledge of the 
situation said on Thursday. (Reuters)    
    * The Oil Ministry will raise the cap on supply of 
subsidised cooking gas (LPG) to 9 cylinders per household in a 
year provided the Finance Ministry agrees to give an additional 
30 billion rupees in 2012-13. (Press Trust of India in Economic 
    * Amidst government directive to PSUs to invest their 
surplus funds, Coal India Ltd   , which is sitting on 
huge cash-pile, has lined up 500 billion rupees investment plans 
for the next five years. (Press Trust of India in Economic 
   * Lanco Infratech's    Australian subsidiary Griffin 
Coal, which supplies coal to Bluewaters Power Station, is likely 
to gain 150 million Australian dollars (8.7 billion rupees), on 
revision of fuel prices after the power producing firm is sold 
to a Japanese consortium. (Press Trust of India in Economic 
    * Faced with a double whammy of depleting order inflows and 
profits, Siemens India    plans to cut capital 
expenditure. (Business Standard) 
    * The defence ministry has initiated a vigilance inquiry 
into Mumbai-based Mazagon Dock Ltd's move to set up joint 
ventures with private sector players in the face of allegations 
that these might be in violation of government guidelines, 
ministry sources said. (Economic Times) 
NOTE: Reuters has not verified third-party stories and does not 
vouch for their accuracy. 
        OTHER FACTORS TO WATCH                                   
* Indian debt/FX factors to watch                         
* Euro holds below 1-mth high                                
* Oil up on U.S.budget optimism                               
* Foreign institutional investor flows               
* For closing rates of Indian ADRs                         
 (Compiled by Manoj Rawal; Edited by Subhadip Sircar) 
 (( 22 61807225)(Reuters 
Messaging: net)) 
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