Nifty futures/Bank Nifty futures market closed on 8465 / 18770 . According to technical analysis if Nifty futures and Bank Nifty future moves up-word in tomorrow treading session then 8512 will be small resistance for Nifty futures and at the same time 18856 will be small Resistance for Bank Nifty futures, if it break this level then then Nifty futures can touch 8724 level and Bank Nifty futures can touch 19297 level in next few days.

2. TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
Nifty futures/Bank Nifty futures market closed on 8465 / 18770 . According to technical analysis if Nifty futures
and Bank Nifty future moves up-word in tomorrow treading session then 8512 will be small resistance for Nifty
futures and at the same time 18856 will be small Resistance for Bank Nifty futures, if it break this level then then
Nifty futures can touch 8724 level and Bank Nifty futures can touch 19297 level in next few days. It will be hard
resistance for Nifty futures and Bank Nifty futures. Meanwhile in revers there is small support on 8387 for Nifty
futures and 18587 is for Bank Nifty futures after breaking this support with volume there is big support for Nifty
futures on 8232 and 18022 for Bank Nifty futures.
TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )
PIVOT POINT NIFTY
DAILY R2 R1 PP S1 S2
8893 8573 8413 8253 7933
WEEKLY R2 R1 PP S1 S2
8985 8595 8400 8205 7815
MONTHLY R2 R1 PP S1 S2
9722 8800 8339 7878 6956
PIVOT POINT BANK NIFTY
DAILY R2 R1 PP S1 S2
19611 18987 18675 18363 17739
WEEKLY R2 R1 PP S1 S2
20288 19156 18590 18024 16892
MONTHLY R2 R1 PP S1 S2
22619 19739 18299 16859 13979
MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS
NIFTY 8307 8447 8576 8354
BANK NIFTY 18217 18340 18833 17839
PARABOLIC SAR DAILY WEEKLY MONTHLY
NIFTY 8223 8823 9195
BANK NIFTY 17776 19560 17077
VOLUME DAILY WEEKLY MONTHLY
NIFTY 1,58,15,740 5,71,15,360 25,34,42,400
BANK NIFTY 26,49,375 1,27,44,600 6,20,15,172

3. NSE EQUITY DAILY LEVELS
COMPANY NAME R3 R2 R1 PP S1 S2 S3
ACC EQ 1615 1561 1540 1506 1485 1452 1398
ALBK EQ 110 108 107 106 105 103 101
AMBUJACEM EQ 255 245 240 235 231 225 215
ASIAN PAINT EQ 837 810 798 783 771 756 729
AXISBANK EQ 607 595 590 582 577 569 557
BAJAJ-AUTO EQ 2400 2356 2336 2311 2291 2266 2221
BANKBARODA EQ 168 165 163 162 160 158 155
BANKINDIA EQ 212 203 200 194 191 185 176
BHEL EQ 273 262 257 252 246 241 231
BHARTIARTL EQ 486 453 439 420 406 388 355
CIPLA EQ 688 669 659 650 641 631 612
COALINDIA EQ 414 401 396 388 383 375 362
DLF EQ 130 124 120 118 115 112 106
DRREDDY EQ 3698 3615 3575 3532 3492 3449 3366
GAIL EQ 427 407 398 387 377 367 346
GRASIM EQ 3891 3749 3694 3607 3552 3465 3323
HCLTECH EQ 1169 1087 1048 1005 966 923 841
HDFC EQ 1294 1264 1250 1234 1220 1204 1174
HDFCBANK EQ 1097 1070 1060 1043 1033 1016 989
HEROMOTOCO EQ 2837 2756 2726 2675 2645 2594 2513
HINDALCO EQ 139 134 132 130 127 125 121
HINDUNILVR EQ 889 872 865 854 848 836 819
ICICIBANK EQ 325 321 319 316 315 312 308
ITC EQ 347 336 331 325 320 313 302
INDUSIND BANK EQ 922 895 884 869 858 842 815
INFY EQ 2137 2082 2052 2026 1997 1971 1915
JINDALSTEL EQ 139 128 123 116 112 105 93
KOTAKBANK EQ 1482 14 1417 1387 1369 1339 1291
LT EQ 1738 1694 1674 1649 1630 1605 1561
M&M EQ 1428 1329 1294 1231 1195 1133 1035
MRF EQ 37112 36420 36147 35728 35466 35036 34344
MARUTI EQ 3947 3851 3818 3755 3722 3660 3564
ONGC EQ 362 343 336 324 318 306 287
ORIENTBANK EQ 228 220 217 212 209 204 195
RCOM EQ 76 71 69 67 65 62 57
RELCAPITAL EQ 419 406 401 393 387 380 367
RELIANCE EQ 905 892 884 878 871 865 852
RELINFRA EQ 455 433 421 411 399 389 367
RPOWER EQ 56 55 54 53 52 51 50
SBIN EQ 288 283 280 278 276 274 269
SSLT( VEDL) EQ 220 208 202 197 191 186 175
SUNPHARMA EQ 1006 987 976 968 957 949 930
TATAMOTORS EQ 505 494 488 483 477 482 462
TATAPOWER EQ 77 76 75 74 73 72 71
TATASTEEL EQ 342 335 332 328 324 321 314
UNIONBANK EQ 180 176 175 172 170 168 164

4. TOP 15 ACHIEVERS // TOP 15 LOOSERS
NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION )
1. SBIN ( BULLISH ) - If it break level of 285 then it can touch level of 305. So we can say
there is long position in SBIN with stop loss of 279.
2. BANK OF BARODA ( BULLISH ) - Bank of Baroda seems bullish for next week. If it
break level of 166 then with stop loss of 158.50 we can take log position for 179.
3. ONGC ( BEARISH ) - It is looking week for next week as per technical analysis. Below
321 we can make short position in ONGC futures for the target of 298 with stop loss of 331.
4. ICICI BANK ( BULLISH ) - In chart it is looking good for traders. Traders can make long
position above 325 for the target of 346 with stop loss of 307.
SR.N
O
SCRIPT NAME PREV
CLOS
CMP % CHANG
1 SRGINFOTEC 0.20 0.02 +25
2 FARMAXIND 0.40 0.45 +12.50
3 BSELINFRA 2.10 2.35 +11.90
4 JINDWORLD 88.15 98.50 +11.74
5 SAMTEL 0.50 0.55 +10.00
6 AUSTRAL 0.50 0.55 +10.00
7 RAJRAYON 0.50 20.55 +10.00
8 SPYL 1.00 1.10 +10.00
9 SHRIASTER 7.00 7.70 +10.00
10 LAMBODHARA 450.7
0
495.75 +9.99
11 SYNCOM 5.85 6.40 +9.40
12 KARMAENG 19.20 21.00 +9.37
13 STERLINBIO 6.55 7.15 +9.16
14 PATSPINL 7.70 8.40 +9.09
15 INDOTHAI 17.80 8.42 +8.42
SR.NO SCRIPT
NAME
PREV
CLOSE
CMP % CHANG
1 ATNINTER 0.25 0.20 -20
2 SOMATEX 3.70 3.05 -17.56
3 CURATECH 9.35 8.15 -12.83
4 REISIXTEN 0.40 0.35 -12.50
5 SIMPLEX 31.40 27.80 -11.46
6 NICCO 0.45 0.40 -11.11
7 TULSI 3.25 2.90 -10.76
8 EUROTEXIND 23.35 21 -1006
9 ZENITHCOMP 3.50 3.15 -10.00
10 CELESTIAL 40.70 36.65 -9.95
11 WEIZMANIND 15.20 13.80 -9.21
12 XPROINDIA 30.85 28.25 -8.42
13 PKDL 4085 4.45 -8.24
14 REFEX 8.50 7.80 -8.23
15 PRIMESECU 5.25 4.85 -7.61

5. CURRENCY MARKET
USDINR R2 R1 PP S1 S2
DAILY 64.69 64.33 64.15 63.97 63.61
WEEKLY R2 R1 PP S1 S2
66.05 64.83 64.22 63.61 62.39
MONTHLY R2 R1 PP S1 S2
68.36 65.62 64.25 62.88 60.14
EURINR R2 R1 PP S1 S2
DAILY 71.79 70.79 70.29 69.79 68.79
WEEKLY R2 R1 PP S1 S2
71.62 70.93 70.65 70.24 69.96
MONTHLY R2 R1 PP S1 S2
83.47 75.39 71.35 67.31 59.23
JPYINR R2 R1 PP S1 S2
DAILY 52.52 52.02 51.77 51.52 51.02
WEEKLY R2 R1 PP S1 S2
55.23 53.07 51.90 50.91 48.75
MONTHLY R2 R1 PP S1 S2
61.36 55.52 52.60 49.68 43.84
GBPINR R2 R1 PP S1 S2
DAILY 99.60 98.50 97.95 97.40 96.30
WEEKLY R2 R1 PP S1 S2
103.24 99.96 98.32 96.68 93.40
MONTHLY R2 R1 PP S1 S2
113.69 103.71 98.72 93.73 83.75

6. TOP NEWS OF THE WEEK
✍ Greenply Ind Q4 net profit at Rs. 45.6 crore
Greenply Industries Ltd has announced the following results for the quarter & year ended
March 31, 2015.The company reported net profit of Rs. 45.6 crore in Q4 FY15 against Rs. 36.8
crore in the same period last quarter.During the period under review, the company's Total
Income stood at Rs. 429 crore Vs Rs. 570.7 crore (YoY).The company has recommended
dividend of Rs. 3 per equity share of Rs. 5.00 each and the Company will arrange to pay the
same between August 29, 2015 to September 02, 2015, if approved by the members at the
ensuing Annual General Meeting scheduled to be held on August 25, 2015.
✍ ONGC up on hopes of subsidy relief
ONGC is trading on a positive note on hopes of getting subsidy relief after the government
announced that oil explorers - ONGC and Oil India may be spared the from payment of fuel
subsidy in case global oil prices average up to $ 60 a barrel, but will have to pay a graded rate
beyond this threshold.So far this calendar year, the average price of NYMEX Crude Oil futures
has been below $ 60 a barrel. The NYMEX Crude currently trade around $ 59 a barrel.ONGC
so far has advanced to a high of Rs. 327, and is now up 1.2 percent at Rs. 326. The counter has
seen trades of around 49,000 shares as against the two-week daily average volume of around
242,000 shares on the BSE
✍ CEAT stock surges 4% on earnings
Shares of CEAT Ltd surged by 4% at Rs. 799 after the company posted Q4 results.
The stock has hit a high of Rs. 810 and a low of Rs. 799.The Group has posted a net Profit after
taxes, minority interest and share of profit / (loss) of associates of Rs. 939.10 mn for the quarter
ended March 31, 2015 as compared to Profit of Rs. 624.20 million for the quarter ended March
31, 2014.Total Income has Increase from Rs. 14575.80 million for the quarter ended March 31,
2014 to Rs. 14886.40 mn for the quarter ended March 31, 2015. The Board of Directors of the
Company at its meeting held on May 22, 2015, has approved issue of non-convertible
debentures upto Rs. 500.00 crores in one or more tranches, subject to approval of members of
the Company.
✍ ITC stock down 3% post Q4 results
Shares of ITC is down by 3% at Rs. 319 after the company posted Q4 results.
The stock has hit a high of Rs. 322 and a low of Rs. 319.The Company has posted a net Profit
of Rs. 23611.80 mn for the quarter ended March 31, 2015 as compared to Rs. 22780.10 million
for the quarter ended March 31, 2014. Total Income has Increase from Rs. 95052.30 million for
the quarter ended March 31, 2014 to Rs. 96631.50 million for the quarter ended March 31,
2015.

7. ✍ Adani Group may foray into defence manufacturing
Adani Group is quietly evaluating a foray into defence and aerospace production, the latest
among big industrial groups eyeing a piece of what many believe to be a sunrise sector under
the Modi regime with its accent on big defence spending dovetailed with its 'Make in India'
drive.Adani executives are meeting representatives of overseas defence companies to explore
tieups for manufacturing a range of defence equipment, says report.
✍ Essar Oil falls 3% on weak Q4 earnings
Essar Oil started the day on a negative note - down 3.9 percent at Rs. 104 on reporting weak
sets of earnings for the quarter ended March, 2015.The company reported 45.8 percent decline
in Q4 net profit at Rs. 546 crore from Rs. 1,008 crore in Q4FY14. Total income also slumped
38.2 percent to Rs. 15,753 crore from Rs. 25,508 crore.
The stock is now down 3 percent at Rs. 104.30. The BSE counter has seen trades of around
24,000 shares, as against two-week daily average volume of 36,000 shares.
✍ Tata Motors falls ahead of Q4 results
Tata Motors continues to trade near the lowest level of the day at Rs. 495 - with a drop of
almost 2 percent at Rs. 496, on hopes of weak earnings. On the BSE, so far 135,000 shares
have changed hands at the counter as against the two-week daily average volume of 571,000
shares.
✍ Corporation Bank to cut base rate by 25 bps to 10% from June 1
Shares of Corporation Bank Ltd were trading flat at Rs. 55.40 on BSE today. The bank has
revised the Base Rate for lending from 10.25% p.a. to 10% p.a. with effect from June 01, 2015.
The stock opened at Rs. 56 as against the previous close of Rs. 55.25 on BSE. It has hit a high
of Rs. 56 and a low of Rs. 55.05 on BSE today. Total traded quantity on the counter stood at
over 7,576 lk shares on BSE.
✍ Dish TV stock rallies 14% on Q4 numbers
Shares of Dish TV surged 14% at Rs. 96 after the company posted Q4 results. The stock has hit
a high of Rs. 98 and a low of Rs. 84. The Company has posted a net profit of Rs. 350.10 mn for
the quarter ended March 31, 2015 as compared to net loss of Rs. (1490.50) million for the
quarter ended March 31, 2014. Total Income has increased from Rs. 6570.00 million for the
quarter ended March 31, 2014 to Rs. 7683.80 million for the quarter ended March 31, 2015.
✍ Power Grid raises Rs 3,000 crore
Power Grid is planning to raise about Rs 3,000 crore by selling bonds, according to report.
Report says that there were about 18 arrangers for the Power Grid issue. Earlier, the company
had issued long-term bonds raising Rs 435 crore at an yield of 8.30%.
✍ United Spirits Q4 net loss at Rs. 1,799 cr; operating margin at 1.2%
United Spirits Ltd has announced the following results for the quarter & year ended March 31,
2015.The company reported net loss of Rs. 1,799 crore in Q4 FY15 against Rs. 5,380 crore.

8. During the period under review, the company's Total Income stood at Rs. 2,051.3 crore Vs Rs.
2,177.2 crore (QoQ). The company net sales at Rs. 2,020 crore in Q4 FY15 compared to Rs.
1,917 crore.
✍ JK Cement plans to raise up to Rs. 300 crores
JK Cement Ltd haS announced that the Board of Directors of the Company at its meeting held
on May 23, 2015, has decided to raise long term funds by way of issue of Securities and/or
Non Convertible Debentures with warrants on Preferential Allotment basis, Qualified
Institutional Placement (QIP) basis or such other form as may be permissible under law for an
amount upto Rs. 300 Crores with a green shoe option subject to shareholders’ approval sought
in the ensuing Twenty First Annual General Meeting of the Company convened on August 01,
2015.
✍ Rel Infra Q4 cons net profit at Rs. 459 crore; Operating margin at 20.2%
Reliance Infrastructure has posted a net profit after taxes, Share of Profit in Associates and
minority interest of Rs. 4591.10 million for the Quarter ended March 31, 2015 where as the
same was at Rs. 6214.20 million for the Quarter ended March 31, 2014. Total Income is Rs.
50276.30 million for the Quarter ended March 31, 2015 where as the same was at Rs. 50360.00
million for the Quarter ended March 31, 2014. The Group has posted a net profit after taxes,
Share of Profit in Associates and minority interest of Rs. 18001.80 million for the year ended
March 31, 2015 where as the same was at Rs. 19136.70 million for the year ended March 31,
2014. Total Income is Rs. 188516.00 million for the year ended March 31, 2015 where as the
same was at Rs. 202737.20 million for the year ended March 31, 2014. The Board of Directors
of the Company at its meeting held on May 27, 2015, inter alia, has recommend a Dividend of
Rs. 8.00 per share on fully paid up equity shares of Rs. 10 each.
✍ Tata Chemicals Q4 cons net loss at Rs. 74.2 crore
Tata Chemicals Ltd has announced a net profit / loss after taxes, minority interest and share of
profit / loss of associates of Rs. 741.70 million for the quarter ended March 31, 2015 as
compared to net loss of Rs. 12257.20 million for the quarter ended March 31, 2014. Total
Income has increased from Rs. 37523.50 million for the quarter ended March 31, 2014 to Rs.
37653.80 million for the quarter ended March 31, 2015. The Audited Consolidated results for
the Year ended March 31, 2015 The Group has posted a net profit / (loss) after taxes, minority
interest and share of profit / (loss) of associates of Rs. 5964.60 million for the year ended
March 31, 2015 as compared to net loss of Rs. 10320 million for the year ended March 31,
2014. Total Income has increased from Rs. 160277.70 million for the year ended March 31,
2014 to Rs. 173209.10 million for the year ended March 31, 2015
✍ Balrampur Chini Q4 net profit at Rs.75.8 crore;Operating Margin at 15.6%
Balrampur Chini Mills Ltd has posted a net profit of Rs. 758.20 mn for the quarter ended
March 31, 2015 as compared to Rs. 1899.00 million for the quarter ended March 31, 2014.
Total Income has decreased from Rs. 7084.90 mn for the quarter ended March 31, 2014 to Rs.
6678.30 mn for the quarter ended March 31, 2015.
The Company has posted a net loss of Rs. (577.30) mn for the year ended March 31, 2015 as
compared to net profit of Rs. 36.40 million for the year ended March 31, 2014. Total Income

9. has increased from Rs. 26908.80 mn for the year ended March 31, 2014 to Rs. 30060.60
million for the year ended March 31, 2015.
✍ Gujarat Pipavav Q4 net profit at Rs.66.9 crore;Operating margin at 59.9%
Gujarat Pipavav posted a net profit of Rs. 668.855 mn for the Quarter ended March 31, 2015
where as the same was at Rs. 610.223 million for the Quarter ended March 31, 2014. Total
Income is Rs. 1931.166 mn for the Quarter ended March 31, 2015 where as the same was at Rs.
1611.693 million for the Quarter ended March 31, 2014.
✍ Tata Global Q4 cons net profit at Rs.39mn
Tata Global has posted a net profit of Rs. 39.00 million for the quarter ended March 31, 2015 as
compared to Rs. 693.00 mn for the quarter ended March 31, 2014. Total Income has increased
from Rs. 19261.50 million for the quarter ended March 31, 2014 to Rs. 19311.20 million for
the quarter ended March 31, 2015.The Group has posted a net profit of Rs. 2478.20 million for
the year ended March 31, 2015 as compared to Rs. 4805.10 million for the year ended March
31, 2014.Total Income has increased from Rs. 78194.10 million for the year ended March 31,
2014 to Rs. 80633.70 million for the year ended March 31, 2015.
✍ Bank Of India Q4 net loss at Rs 66 crore
Bank Of India has posted a net loss of Rs. (561.40) million for the quarter ended March 31,
2015 as compared to net profit of Rs. 5575.10 million for the quarter ended March 31,
2014. Total Income has increased from Rs. 112740.90 mn for the quarter ended March 31, 2014
to Rs. 122869.80 million for the quarter ended March 31, 2015. The Bank has posted a net
profit of Rs. 17089.20 million for the year ended March 31, 2015 as compared to Rs. 27292.70
million for the year ended March 31, 2014. Total Income has increased from Rs. 422019.40
million for the year ended March 31, 2014 to Rs. 476626.10 million for the year ended March
31, 2015.
✍ Hindalco Q4 net profit at Rs.159.5 crore; Operating margin at 9%
Hindalco has posted a net profit of Rs. 1595.30 mn for the quarter ended March 31, 2015 as
compared to Rs. 2481.50 million for the quarter ended March 31, 2014. Total Income has
increased from Rs. 86475.30 mn for the quarter ended March 31, 2014 to Rs. 96016.30 million
for the quarter ended March 31, 2015.The Company has posted a net profit of Rs. 9251.60
million for the year ended March 31, 2015 as compared to Rs. 14133.30 million for the year
ended March 31, 2014. Total Income has increased from Rs. 289753.50 million for the year
ended March 31, 2014 to Rs. 354072.40 million for the year ended March 31, 2015.
✍ M&M Q4 PAT at Rs. 551 crore;Operating margin at 9.4%
Mahindra & Mahindra Ltd posted a net profit of Rs. 5505.60 million for the Quarter ended
March 31, 2015 where as the same was at Rs. 8968.80 million for the Quarter ended March 31,
2014. Total Income is Rs. 96466.80 mn for the Quarter ended March 31, 2015 where as the
same was at Rs. 110992.20 mn for the Quarter ended March 31, 2014.The Company has posted
a net profit of Rs. 33211.10 million for the year ended March 31, 2015 as compared to Rs.
37583.50 million for the year ended March 31, 2014. Total Income has decreased from Rs.

10. 412264.90 million for the year ended March 31, 2014 to Rs. 397943.60 million for the year
ended March 31, 2015.
✍ BEL Q4 net profit at Rs.722.9 crore
BEL Q4 net profit stands at Rs.722.9 crore.The Total Income for the quarter was at Rs.2,928.2
Crore. The Board of Directors of the Company at its meeting held on May 29, 2015, in addition
to the Interim Dividend @ Rs. 6.00 per share paid during the last quarter, a Final Dividend of
Rs. 23.00 per share for the financial year 2014-15 has been recommended.
✍ NMDC falls 2% on weak Q4 earnings
NMDC started the day on a negative note on reporting weak sets of earnings for the quarter
ended March, 2015. The company booked 31.3 percent fall in Q4 net profit to Rs. 1,347 crore
from Rs. 1,962 crore in Q4FY14. Total income also dropped by 19.4 percent to Rs. 3,555 crore
from Rs. 4,412 crore. The stock opened with a loss of 1.2 percent at Rs. 130 and soon, has
tumbled 3.8 percent to a low at Rs. 126. Now, the stock is down 2 percent at Rs. 129. The BSE
counter has registered trades of around 21,000 shares, as against two-week daily average
volume of 327,000 shares.
✍ Bank of Maharashtra reduces Base Rate on loans
On the background of good financial results posted for 31.03.2015, Bank of Maharashtra, a
Nationalised Bank reduces its Base Rate or Minimum Lending rate by 25 basis points from
10.25% to 10%, a move which would lower the interest cost to customers and EMIs of all
loans. The Base Rate of Interest reduction is effective from 1st June, 2015. As it will reduce
Base Rate Linked Loans and Advances EMIs. Commenting on this Mr. R.K.Gupta, ED, Bank
of Maharashtra said that, “It is hoped to boost Housing Loan, Car Loan, SME Loans and
other Retails Loans credit off-take in the Current Year.
✍ Top Economy news
Bucking the overall trend of easing inflation, pulses got costlier by up to 64% in the first year
of the Modi government across major metro cities, primarily due to fall in domestic production.
Mindful of the impact of frauds on banks' financials, the Reserve Bank of India will soon set up
a Central Fraud Registry as part of an early warning system.
Revenue Secretary asked the central board of direct taxes to put together a "strategy paper" for
elimination of tax exemptions provided to corporates.
After finally notifying the mineral auction rules, the government is now planning to bring fresh
mining exploration rules separately. The new rules don't have anything pertaining to
non-exclusive reconnaissance permit, which is mandatory for preliminary exploration.
Madhya Pradesh has retained second slot in the country once again in wheat procurement
despite this being a "no-bonus" season. Punjab remains the top wheat procuring state.
The enrolment of beneficiaries under the ambitious modified Direct Benefits Transfer for LPG
scheme has finally stopped at 128.7mn people.

11. The Chief Economic Adviser said that India's adequate food stocks would help contain
inflation, even if summer monsoon rains turn out to be weak.
Textile exports in 2014-15 registered a 3% growth at $41.7bn, against the targeted $45bn.
Government's total debt increased by 0.9% in the fourth quarter ended March 31, over the
previous thee-month period of the current financial.
The government has said that FIPB's approval will not be required for merger and acquisitions
in sectors where FDI is allowed under automatic route.
The government will "abide by Supreme Court directions" on allowing Genetically Modified
crops in the country.
Foreign investors will no longer have to seek the government's permission to transfer shares to
another overseas player in sectors where FDI is allowed under automatic route.
The Union Government will introduce minimum support price for the minor forest produce
sold by tribal people.
To propel economic growth, the government has set an ambitious target of awarding highway
projects worth Rs 3.5 trillion in next six months besides creation of 25 lakh jobs in the
shipping, road, transport and highways sector.
✍ Top corporate news
DLF has kept the new sales bookings target for this financial year at last year's level of about
Rs.40bn as the company feels that it would take at least 12 months for housing sales to
improve.
Reliance Industries plans to fully resume its petrol pump network by March next year as
government ending diesel subsidies have given it a level-playing field to compete with
state-owned retailers.
United Bank of India has become the first of the 17 lenders to publicly admit that it no longer
expects to recover its dues from the beleaguered Kingfisher Airlines.
Cipla has inked a pact with Uganda's Quality Chemicals to acquire majority stake in the
Africa-based firm for a total consideration of over $30mn.
ONGC and Oil India have been exempted from paying fuel subsidy if global oil prices average
up to $60 a barrel, but will have to share a part of the burden if rates go higher.
The Coal India Board has approved a Rs.5150mn plan to procure high-capacity box wagons of
80.5 tonnes each.
Titan Company is eyeing tier-II cities for opening its showrooms and expanding its market
share in watches, jewellery and eyewear products.
NMDC said it has charted out a growth plan to take its iron ore production to 100mn tonnes by
2022.

12. TVS Srichakra, tyre manufacturing arm of TVS Group which sells tyres under the brand TVS
Tyres, is in the process of developing radial tyres for the TVS Motor-BMW joint venture two
wheeler products, which are expected to be revealed in 2016.
Chennai Petroleum Corporation Ltd, a group company of Indian Oil Corporation, will raise
around Rs10bn from its parent to strengthen its net worth. This, in turn, is expected to help the
company borrow more to complete its Rs.31bn upgradation project to improve profitability.
JSW Steel reported a 2% growth in crude steel production for April at 1.01mn tonnes.
Bharat Heavy Electricals said it commissioned six hydro sets with a combined 736 MW
capacity in 2014-15.
National Thermal Power Corporation assured the Telangana Government that the entire
power generated from the proposed 4000 mw thermal power project would be fully dedicated
to the State.
JK Tyre & Industries has launched its new Steel Wheels showroom at Karimnagar in
Telangana.
McDonald’s India has chalked out plans to reach out to newer markets by adding as many as
175-250 outlets in the West and South in the next 3-5 years.
Ford Motor Company has decided to invest another Rs40bn to Rs.50bn in an R&D centre in
Chennai, after investing a billion dollars in a second plant in Sanand, Gujara.
Grasim Industries will sell its consumer products business to Future Consumer Enterprise Ltd
on a slump sale basis.
Lupin has confirmed that it was among the pharma companies that had received
communication from the European Medicines Agency with regard to suspension of some
medicines.
Adani Group is planning to enter defence and aerospace manufacturing sector.
Mahindra and Mahindra, which entered the two-wheeler business six years ago, will
intensify marketing efforts to grow its market share by five-fold to about 5%.
Alstom Bharat Forge Power Ltd, a joint venture between Alstom and Bharat Forge Ltd, has
commenced production of supercritical turbines and generators at its new Greenfield
manufacturing facility at Sanand.
DLF Ltd has been directed to pay nearly Rs.800mn to a private company for rescinding from
an agreement for construction and sale of a tower in Gurgaon, by an Arbitral Tribunal which
said it breached contractual obligations to make profits.
Crompton Greaves has bagged an order in Portugal to supply data concentrator units, a system
used in smart grids, to Energias de Portugal.
Dabur announced a partnership with Sulabh International, a social service organisation focused
on sanitation, to drive personal cleanliness and hygiene, and inculcate the habit of using toilets.
M&M to launch nine vehicles. The launches, including refreshes and all-new models, will be

13. in both the personal and commercial segments.
Balrampur Chini Mills is planning to invest Rs.2000mn in its three units to enhance the
production capacity of ethanol.
Royal Enfield unveiled a range of limited edition bikes, inspired by the ‘despatch riders’ of the
World Wars, which will be sold online only.
RINL and PowerGrid signed a shareholders’ agreement to form a joint venture company,
RINL-POWERGRID TLT Limited, with 50:50 shareholding for setting up a unit to
manufacture transmission line towers her.
Arvind Limited will open the first store of US-based fashion brand GAP in Delhi on May 30.
Lanco Infratech, which has been in the market to sell assets across businesses to reduce debt,
has decided to put on hold all divestment plans in India by another two years on hopes of better
valuation as it believes the business environment is improving.
BASF opened a research and development centre for agrochemicals at Pune, its first in the
country, at an estimated investment of Rs.640mn.

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