On monday the Nifty50 made the new low and slipped below 7420 to hit its fresh 52-week low of 7336.40, There was the Global market impact the US market closed in Red and the Asian peers is also were trading in red. Weighed down by losses in power, oil & gas, metal, consumer durable stocks.

2. TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
NIFTY FIFTY : - On monday the Nifty50 made the new low and slipped below 7420 to hit its fresh 52-
week low of 7336.40, There was the Global market impact the US market closed in Red and the Asian
peers is also were trading in red. Weighed down by losses in power, oil & gas, metal, consumer durable
stocks. The CNX Nifty has opened around its key Support level 7,420. The headline that the fell in china
GDP growth in past 25 year negative trend seen in all Asian Market , PBoC confounded analysts by
guiding the yuan sharply stronger, As long as the Nifty stays below the 7500-7600 mark, now the market
become fear for the investor it has break the 7300 level , it would stand an increased possibility of breaking
7200. The global economy and crued oil prices tumble is also a big concern for for indian market. However
macro economic condition is better for indian market, In case of a breakdown of the level of 7200, an
immediate down move towards 7000-7120 cannot be ruled out. On the other hand the immediate Resistance
is seen at 7450-7540 for the Index. The year's first trading month with sharp losses as concerns about China
and global economic slowdown persisted. On thursday the Nifty50 reclaimed its crucial level of 7,400,
Supported by gains in realty, power, auto, and banking stocks. The crucial Support for Nifty is 7280-7220
and the Resistance for Nifty is 7480-7600.
BANK NIFTY : - The Bank Nifty statrted trading in red on Monday down by 41 points at 15165 from the
previous closing level of 15206. All major banking stocks remained subdued. In this week we have seen
some positive movement for the banking Industry , Despite of Net Performing Assets is growing the Net
interest margin of Bank is also growing. After a long time, the index has witnessed long accumulation.
However, on the higher side, activity is still intact in 16300 and 16500 strike Calls. Such activity is
indicating limited upside movement of index. Bank Nifty in the down trend the crucial Support levels of
Bank Nifty is 15125-14531 and other side the Resistance for Bank Nifty is 15719- 16313.
TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )
NIFTY
DAILY R2 R1 PP S1 S2
7781 7601 7511 7421 7241
WEEKLY R2 R1 PP S1 S2
8052 7612 7392 7172 6732
MONTHLY R2 R1 PP S1 S2
9833 8373 7643 6913 5453

3. BANK NIFTY
DAILY R2 R1 PP S1 S2
16313 15719 15422 15125 14531
WEEKLY R2 R1 PP S1 S2
17714 16080 15263 14446 12812
MONTHLY R2 R1 PP S1 S2
22996 18376 16066 13756 11446
MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS
NIFTY 7628 7738 7869 8133
BANK NIFTY 16018 16545 16888 17630
PARABOLIC SAR DAILY WEEKLY MONTHLY
NIFTY 7230 8075 8430
BANK NIFTY 14735 17650 19730

4. PATTERN FORMATION ( NIFTY AND BANK NIFTY )
Depiction of Chart The use of Bollinger Bands varies widely among traders. Some traders buy when price touches the lower Bollinger
Band and exit when price touches the moving average in the center of the bands. Other traders buy when price breaks above the upper
Bollinger Band or sell when price falls below the lower Bollinger Band. Moreover, the use of Bollinger Bands is not confined to stock
traders; options traders, most notably implied volatility traders, often sell options when Bollinger Bands are historically far apart or buy
options when the Bollinger Bands are historically close together, in both instances, expecting volatility to revert towards the average
historical volatility level for the stock. On the above given chart the below lower bollinger band has crossed and reverse on bull side which
is the early signal for Bullish Market , We seems the market in volatile mode. The crucial level for Nifty for below site is 7280-7150 and on
above site 7487-7693.

5. BANK NIFTY MACD
Details of Chart Bollinger Bands are similar to moving average envelopes. The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average, whereas BB are plotted at standard deviation levels above
and below a moving average. Since standard deviation is a measure of volatility, the bands are self-adjusting widening during volatile
markets and contracting during calmer periods. BB are usually displayed on top of security prices, but they can be displayed on an
indicator. The uses of BB refer to the stock trader some trader belive if it cross the below moving average they made the selling position
and left thing that if it cross the level of mid moving average they take Sell/Buy position. The basic interpretation of Bollinger Bands is
that prices tend to stay within the upper- and lower-band. The distinctive characteristic of Bollinger Bands is that the spacing between the
bands varies based on the volatility of the prices. During periods of high volatility, on the above given chart there is high volatility and the
Bank Nifty has cross over the lower Band and reverse in the Upper trend side , which indicating the Uptrend movement of the Index the
important Support for Bank Nifty is 15125-14531 and the Resistance for Nifty is 15719-16313.

6. NSE EQUITY DAILY LEVELS
COMPANY NAME R2 R1 PP S1 S2
ACC EQ 1270 1258 1244 1231 1217
ALBK EQ 56 54 53 51 50
AMBUJACEM EQ 198 195 194 191 190
ASIAN PAINT EQ 884 873 861 850 838
AXISBANK EQ 434 428 421 415 408
BAJAJ-AUTO EQ 2356 2327 2301 2272 2246
BANKBARODA EQ 133 131 128 126 123
BANKINDIA EQ 104 101 98 96 93
BHEL EQ 150 149 146 145 142
BHARTIARTL EQ 323 315 303 294 283
CIPLA EQ 593 587 582 576 571
COALINDIA EQ 307 301 295 289 283
DLF EQ 97 95 94 92 91
DRREDDY EQ 2973 2904 2841 2772 2709
GAIL EQ 388 372 357 341 326
GRASIM EQ 3503 3484 3461 3442 3419
HCLTECH EQ 860 851 841 832 822
HDFC EQ 1175 1163 1149 1137 1123
HDFCBANK EQ 1052 1038 1030 1016 1008
HEROMOTOCO EQ 2659 2603 2538 2482 2417
HINDALCO EQ 75 73 71 69 67
HINDUNILVR EQ 789 783 776 770 763
ICICIBANK EQ 237 235 232 230 227
ITC EQ 318 313 308 303 298
INDUSIND BANK EQ 917 904 892 879 867
INFY EQ 1164 1155 1143 1134 1122
JINDALSTEL EQ 68 67 65 63 62
KOTAKBANK EQ 157 156 154 153 151
LT EQ 1164 1147 1129 1112 1094
M&M EQ 1237 1204 1172 1139 1107
MRF EQ 37047 36343 35747 35043 34447
MARUTI EQ 4213 4118 4024 3929 3835
ONGC EQ 221 218 213 210 205
ORIENTBANK EQ 114 111 109 106 104
RCOM EQ 70 69 67 66 64
RELCAPITAL EQ 393 386 375 368 357
RELIANCE EQ 1018 1008 1001 991 984
RELINFRA EQ 480 474 462 456 444
RPOWER EQ 52 51 50 49 48
SBIN EQ 189 185 182 178 175
SSLT( VEDL) EQ 68 67 65 63 61
SUNPHARMA EQ 805 795 784 774 763
TATAMOTORS EQ 352 344 338 330 324
TATAPOWER EQ 63 63 62 62 61
TATASTEEL EQ 256 249 243 236 230
UNIONBANK EQ 124 121 118 115 112

7. TOP 15 ACHIEVERS // TOP 15 LOOSERS
NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION)
NSE CASH
NSE CASH : BUY HINDALCO NSE CASH ABOVE 74 TGT 85 SL 70.
NSE CASH : BUY DHFL NSE CASH ABOVE 190 TGT 215 SL 180.
NSE CASH : BUY IRB INFRA NSE CASH ABOVE 238 TGT 280 SL 225.
NSE CASH : BUY KWALITY NSE CASH ABOVE 112 TGT 130 SL 105.
NSE CASH : BUY NMDC NSE CASH ABOVE 81 TGT 100 SL 75.
SR.NO SCRIPT NAME PREV CLOSE CMP % CHANGE
1 ADITYA BIRLA
NUVO
2180.00 890.50
-59.15%
2 GATI LTD 147.40 107.40
-27.14%
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3 WOCKHARDT LTD 1572.30 1200.85
-23.62%
4 JET AIRWAYS 775.90 617.35
-20.43%
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5 VEDANTA 80.95 64.75
-20.01%
6 B F UTILITIES LTD 648.65 522.05
-19.52%
B
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7 IFCI LTD 26.30 21.90
-16.73%
8 RELIANCE INFRA 544.65 459.50
-15.63%
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9 JINDAL ST&PWR 78.05 65.95
-15.50%
10 RELCOM 78.85 66.65
-15.47%
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11 KEC
INTERNATIONAL
137.00 116.30
-15.11%
12 WELPSUN CORP 103.35 87.90
-14.95%
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13 SHIPPING CORP. 90.60 77.10
-14.90%
14 J K TYRE & IND 100.85 86.00
-14.72%
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15 IDBI BANK LTD 70.20 60.00 -14.53%
SR.NO SCRIPT NAME
PREV
CLOSE
CMP % CHANGE
1 JSW STEEL 1004.65 1066.15 +6.12%
2 RELIGARE ENTERPR. 297.00 313.40 +5.52% R
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3 HAVELLS INDIA 284.30 299.80 +5.45%
4 HERO MOTOCORP 2470.75 2599.80 +5.22% 1. H
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5 INFOSYS 1082.35 1135.90 +4.95%
6 FORTIS HEALTHCARE 170.95 179.30 +4.88% 6. F
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7 AXIS BANK LTD 406.40 424.10 +4.36%
8 IRB INFRA 226.75 235.15 +3.70% I
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9 APOLLO HOSPITALS 1365.45 1407.00 +3.04%
10 LUPIN LTD 1667.60 1716.75 +2.95% L
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11 EMAMI LTD 988.60 1015.45 +2.72%
12 BERGER PAINTS 246.20 252.45 +2.54% B
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13 TECH MAHINDRA 504.40 513.80 +1.86%
14 HCL TECHNOLOGIES 826.70 839.40 +1.54% H
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8. NSE FUTURE
NSE FUTURE : BUY MARUTI FUTURE ABOVE 36500 TGT 39500 SL 36000.
NSE FUTURE : BUY PTC FUTURE ABOVE 61 TGT 65 SL 60.
NSE FUTURE : BUY LICHSGFIN FUTURE ABOVE 490 TGT 550 SL 485.
NSE FUTURE : SELL TATAMOTORS FUTURE BELOW 340 TGT 300 SL 360.
NSE FUTURE : SELL COAL INDIA FUTURE BELOW 299 TGT 270 SL 310.

9. NSE - WEEKLY NEWS LETTERS
TOP NEWS OF THE WEEK
China enters bear market; this is portent of a brewing recession :- About a decade
ago, many who warned that China’s fast pace of growth is unsustainable and would
eventually lead to crash landing of the economy were dubbed prophets of gloom and
doom. Nevertheless, what they prophesied seems to have translated into reality and the
bubble has burst. A sinking Chinese economy coupled with a depreciating currency has
created a ripple effect on the global economy as a whole. Especially, the massive outgo of
funds from EMs has triggered panic selling across Asian markets.
Arvind Panagariya sticks to 8% growth :- NITI Aayog Vice-Chairman Arvind
Panagariya has said GDP figures will get revised and there will be a surprise in the fourth
quarter. “I originally said we will get to 8% for 2015-16. It’s not ruled out entirely
because at the end of the year, revisions do happen,” Panagariya said. In December, the
government had lowered growth forecast for 2015-16 to 7-7.5 per cent in its Mid-Year
Economic Analysis presented in Parliament during the last session. Earlier this week,
industrial production data showed the sharpest decline in over four years.
The WPI/CPI Data is the worry for economy :- Considering the signs of rising price
pressures in the economy, wholesale inflation, as measured by the wholesale price index ,
has strengthened even though it remained in the negative territory. India's WPI has been
contracting over the past 14 months, but the contraction eased in December to -0.73
percent y-o-y from -1.99 percent in November. The CPI inflation print for December
released earlier this week picked up to 5.61 percent from 5.41 percent in November,
showing clear signs of pickup in inflation. While many analysts attributed the spurt in
CPI print mostly to waning base effects, there are tell-tale signs of fresh price pressure in
pulses, oils and fats, housing, and household goods.
December trade deficit widens to US$11.66 billion -Trade deficit has widened to USD
11.6 billion in December against USD 9.1 billion in the year-ago period. The trade deficit
for April-December, 2015-16 was estimated at US$ 99207.75 million which was lower
than the deficit of US$ 111685.04 million during April-December, 2014-15. Exports

10. during December, 2015 were valued at Rs. 148491.18 crore. Which was 9.53 per cent
lower in Rupee terms than the Rs. 164127.08 crore during December, 2014. Cumulative
value of exports for the period April-December 2015-16 was Rs. 1273322.99 crore as
against Rs. 1458094.40 crore registering a negative growth of 18.06 per cent in Dollar
terms and 12.67 per cent in Rupee terms over the same period last year.
India to grow at 7.5% for next two years, says IMF - The International Monetary Fund
retained India's growth forecast for the next two years. IMF expects Indian economy to
grow 7.5% in FY17 and FY18. The IMF has pegged the current year's growth at 7.3%,
same as last year. The global economy is forecast to grow 3.4% in 2016 and 3.6% in
2017, according to International Monetary Fund.
China economy grows at slowest pace in 25 years , latest GDP figures show - China’s
economy grew at its slowest rate in a quarter of a century in 2015, data released on
Tuesday showed, increasing pressure on Beijing to address fears of a prolonged
slowdown and ease the jitters affecting global markets. The full-year growth of 6.9% was
only just short of government expectations of 7% but by contrast, growth in 2014 stood at
7.3%. The national bureau of statistics’ bulletin showed GDP growth at 6.8% in the three
months to December, easing from 6.9% in the previous quarter – the slowest quarterly
rate since 2009, when growth slowed to 6.2%.
Govt may allow some PSBs to skip dividend due to NPAs - The Government may
exempt some public sector banks from paying dividends due to increase in their bad
loans, reports a financial newspaper. In the previous financial year too, about 10 PSBs,
including IDBI Bank, Indian Overseas Bank and United Bank of India had not paid any
dividend to the Government. RBI Governor Raghuram Rajan had also suggested cutting
the dividend if a bank does not have a very healthy financial situation. In this fiscal year,
the Government has set a target of INR 10,277 crore through dividend income from banks
and financial institutions.
Investors will go for India: Raghuram Rajan - The Reserve Bank of India Governor
Raghuram Rajan said that governments worldwide need to create an underlying
framework for growth in the long term for the global economy. "My sense is that at this
point if you are an emerging market, you focus on fundamentals, try and get inflation
down, try and get your current account deficit down," Rajan said. Rajan said that rupee

11. has been "relatively strong" in the EM currency basket, but India is affected by the "same
kind of jitters". Speaking at the WEF Annual Meeting in Davos, Rajan said that
governments across the world need to realise that there are various other tools to carry
forward reforms and boost.
Budget recommendations from the Indian Stainless Steel Industry - Like other
manufacturing sector in India, stainless steel industry has also been facing extreme
difficulty in the last few years. Based on expectations of 7-8% economic growth, the
Indian stainless steel industry has made substantial investments towards capacity
expansion and modernization. However, these investments now stand in great jeopardy
because of the surge in imports, especially from China. Imports of stainless steel flat
products have risen from 324,460 MT in 2013-14 to the highest ever record of 459,164
MT in 2014-15 registering 41% growth. Imports from China have more than doubled
from 111,764 MT in 2011-12 to 231,602 MT in 2014-15. China now accounts for more
than 50% of the import basket. This is the single largest threat for the industry today.
Cabinet approves amendments in Power Tariff Policy - The Union Cabinet, chaired
by the Prime Minister Narendra Modi has approved the proposal of the Ministry of Power
for amendments in the Tariff Policy. For the first time a holistic view of the power sector
has been taken and comprehensive amendments have been made in the Tariff policy
2006. The amendments are also aimed at achieving the objectives of Ujwal DISCOM
Assurance Yojana with the focus on 4 Es: Electricity for all, Efficiency to ensure
affordable tariffs, Environment for a sustainable future, Ease of doing business to attract
investments and ensure financial viability.
India is gradually transforming most of its taxation laws: FM - Finance Minister
Arun Jaitley reportedly said that India is gradually transforming most of its taxation laws
for a greater degree of stability and predictability. "It has been our effort in India to
gradually transform and change most of our taxation laws, put to rest various disputes and
issues which have been pending," Jaitley was quoted as saying. "The proposed Goods and
Services Tax is a major step in this direction," Jaitley said.
Raghuram Rajan says monetary policies are not going to change the world - The
Reserve Bank of India Governor Raghuram Rajan said that governments worldwide need
to create an underlying framework for growth in the long term for the global economy.

12. "My sense is that at this point if you are an emerging market, you focus on fundamentals,
try and get inflation down, try and get your current account deficit down," Rajan was
quoted as saying. Rajan said that rupee has been "relatively strong" in the EM currency
basket, but India is affected by the "same kind of jitters". Speaking at the WEF Annual
Meeting in Davos, Rajan said that governments across the world need to realise that there
are various other tools to carry forward reforms and boost growth.
On an oily wicket! Further fall in oil prices might not be good for Indian economy -
Commonly held perception is that when crude oil prices fall, its good for an economy like
India. India imports oil for fulfilling major part of its energy requirements. But
interestingly, many experts feel that a further fall in oil prices can trigger events, which
can cause more harm to India than good. For consumers, cheaper oil prices mean that
slowly, prices of retail fuels will come down too. But for producers, low oil prices mean
lower realizations. Now business of oil production is a costly affair and has very high
fixed costs. Also, the working capital needs for running the operations are huge. So in
order to stay financially relevant and support oil prices, it’s possible that oil-producing
nations might go in for country-specific restrictions or quotas on sale of oil. This might
seem a little too far-fetched. But one must remember that oil producing nations are known
to take aggressive steps to protect their turfs. Last year, these countries decided not to cut
production to ensure that oil prices continue to fall and force many companies to
shutdown as they could not break even at low oil prices.
Arun Jaitley says focusing on reviving private investments - Minister Arun Jaitley
reportedly said it needs some additional growth engines and the focus is on reviving
private investments. Jaitley exuded confidence that the stuck reform measures like GST
would go through. Jaitley was speaking at a breakfast session on ‘India — The next
growth engine of the world’. “We have a very noisy democracy… But I am finding that
there are more people who want to support the growth and the others are very minuscule
minority,” Jaitley said.
L&T Construction bags order worth Rs. 1,213 crore - L&T Construction has
announced that it has bagged order worth Rs. 1,213 crore. Larsen & Toubro Ltd is
currently trading at Rs. 1123, up by Rs. 20.7 or 1.88% from its previous closing of Rs.
1102.3 on the BSE. The scrip opened at Rs. 1113.3 and has touched a high and low of Rs.
1123.35 and Rs. 1110.3 respectively. So far 240020 shares were traded on the counter.

13. The current market cap of the company is Rs. 102647.8 crore. The BSE group 'A' stock of
face value Rs. 2 has touched a 52 week high of Rs. 1892.95 on 04-Mar-2015 and a 52
week low of Rs. 1070 on 19-Jan-2016. Last one week high and low of the scrip stood at
Rs. 1142 and Rs. 1070 respectively.
Raghuram Rajan's assessment of market turmoil pragmatic - Reserve Bank of India
governor Raghuram Rajan's global standing is well-known. That stood out once again
when he spoke at the annual meeting of the World Economic Forum in Davos on
Wednesday. He not only livened up an otherwise depressing milieu but also gave world
leaders enough confidence that what is happening around the world is not such a big
disaster, but a corollary to what the major global economies had done over the past few
years through long spells of easy liquidity regimes. Rajan called the currency phase of
fear psychosis as jitters about jitters. "Everybody is looking at everybody else and saying,
"Is this the point where they take the money off the table?' because markets have moved
up quite a bit. So that's part of it is wondering what is really happening in China, why did
the Renminbi start moving a little, and is there more to come And of course the oil price,
how far will it go and does it affect some entity, some lever entity somewhere, which has
oil exposure, and does that create problems? So I think some jitters are really jitters about
jitters, and some is really wondering about fundamentals," he said.
TOP ECONOMY NEWS
With international nuclear sanctions on Iran being lifted, India will resume its
unrestricted import of oil from the Persian Gulf nation.
The government has decided not to cut its annual borrowing this fiscal as it wants to keep
public spending high in order to keep growth engines running.
Foreign direct investment in the food processing sector is likely to go up by at least 25%
as FSSAI has streamlined the regulations to ease product approvals, the Union Minister
has said.
Government will announce a friendly tax regime in Budget that will encourage setting up
of startups in the country, Finance Minister Arun Jaitley reportedly said,

14. Indian exporters should not expect any good news in near future. Subdued demands from
global markets, combined with volatile currency markets, are expected to continue
causing troubles in near future too.
The International Monetary Fund kept India's growth projection unchanged at 7.3% in the
current fiscal and 7.5% in the next, even as it cut world economic outlook to 3.4% for
2016.
Mineral bearing states Odisha, Karnataka, Gujarat, Rajasthan and Maharashtra have put
16 iron ore and 23 limestone mines under the hammer for the first phase of auction.
The government will consider a new power tariff policy which aims at promoting clean
energy, better regulation of discoms and faster rollout of investments.
Telecom regulator Trai will firm up its view on spectrum price for the next round of
auction and differential pricing of data, which is central to the Net neutrality issue, by the
end of this month.
The Reserve Bank of India Governor Raghuram Rajan said that governments worldwide
need to create an underlying framework for growth in the long term for the global
economy.
The government today approved a 'viability gap funding' of Rs 51 billion for setting up
over 5,000 MW of grid linked solar power projects under the Jawaharlal Nehru National
Solar Mission.
The long-awaited new textile policy that aims to create 35 million jobs and boost exports
to over $300 billion over the next decade is likely to be announced within the next few
months, the Minister of State for Textiles has said.
The Reserve Bank of India Governor Raghuram Rajan on Wednesday sought to allay
fears about the ongoing rout across global equity markets, saying that things will stabilise
and people will look at stable emerging markets , including India.
Focusing on reviving private investments: Arun Jaitley Confident of utilising the
headroom available to the Indian economy, Finance Minister Arun Jaitley today said it

15. needs some additional growth engines and the focus now is on reviving private
investments. Inviting foreign players to invest in the infrastructure space, he exuded
confidence that the stuck reform measures like GST would go through as the numbers in
the Upper House will change favourably soon.
The Indian economy needs some multiple engines of growth, while the focus for the
government now is on reviving private investments, Finance Minister Arun Jaitley said
on Thursday.
Reserve Bank of India Governor Raghuram Rajan shot down Niti Aayog chief Arvind
Panagariya's suggestion to raise the central bank's inflation target, while pointing out that
the country's macroeconomic fundamentals were stable. He said the current global market
turbulence may owe much to central banks persisting with stimulus programmes for too
long.
Here's one more reason to worry about China's slowdown-in purcahsing power parity
terms China is now the largest economy in the world, though in nominal terms it is still
second to USA. Turbulence in US had led to the 2008 global crisis. China can be the
cause of a similar crisis.
Moody's Investors Service says that the development of domestic securitization markets
will help India and China achieve their common goal of building inclusive financial
systems that will ultimately bring affordable credit to the underprivileged segments of
their societies and which are usually excluded from the conventional banking system.
It has been a turbulent start to the year for the global financial markets, the dominant
trend being sharply falling equity prices, bond yields, and commodity prices. Does the
markets' dyspeptic start to the year presage a global economic downturn? We doubt it,
according to an article published by Standard & Poor's, titled "Why The Global
Economy Is Set To Perform Better Than Its "Angst Meter" Implies."
TOP CORPORATE NEWS -
Increased output by Coal IndiaLtd. has resulted in savings of about Rs 170 billion and
the state-run miner is set for a record production of 550mn tonnes this fiscal, a top
ministry official said.

16. Oberoi Realty sold 645 housing units for about Rs.18 billion in the third quarter of this
fiscal, largely in its newly-launched residential project at Borivali in Mumbai.
HPCL has received the environmental clearance to expand its refinery at Visakhapatnam
in Andhra Pradesh from 8.33 million tonne per annum to 15.0 MTPA.
Indian Oil Corporation’s latest refinery in Orissa, the first in over a decade for the
nation’s largest fuel major, started production of petrol from the Rs. 346 billion facility.
Godrej Consumer Products Ltd. is targeting 10% market share in the hand wash and
hand sanitisers segment in the next three years with its Protekt range.
The 10% stake sale in Coal India Ltd. is likely to be deferred to next fiscal as the
government wants to wait for stability in the equity market for a better valuation.
Online marketplace Flipkart has tied up with auto major Mahindra & Mahindra Ltd to
exclusively launch the latter's newest SUV- KUV100. Consumers can book the SUV on
Flipkart from January 18th, 2016.
In a first by a public sector firm, ONGC Videsh Ltd has refinanced a $1.8bn loan at
lower rates to save nearly $37mn in interest payout, besides extending the repayment
tenure.
Aurobindo Pharma has received final approval from USFDA to manufacture and
market its Tranexamic acid injection and Paricalcitol capsules in the American market.
Ashok Leyland's electric vehicles arm Optare has taken up a project to increase the
range of its MetroCity and Solo buses to 200 miles without intrusion into passenger
space, as per media reports.
Looking to add $1bn in revenues from inorganic growth to reach its target turnover of
$5bn by 2018, Lupin Ltd. says it is open to late stage specialty assets.
ITC's instant noodles brand Yippee is inching closer to become a Rs 10bn brand, making

17. the most out of the controversy that hit rival Nestle's Maggi.
The Supreme Court restrained the government from going ahead with any further
disinvestment of its stake in Hindustan Zinc Ltd, the management of which is under the
control of a Vedanta subsidiary.
Indian Oil Corporation aims to operate its largest grassroot refinery at Paradip at the
full 15MTPA capacity from next fiscal, a top company official said.
Godrej Properties said that it has entered into a joint development agreement with
Pratap Sarnaik’s Vihang Group to develop 15 acres of land off Ghodbunder Road in
Thane.
Larsen & Toubro, in a joint venture with Daewoo E&C of South Korea, has bagged an
order worth Rs 31 billion from Bihar State Road Development Corporation for
construction of a six-lane cable bridge over river Ganga near Kachchi Dargah in Patna
district on NH-30, the engineering major said.
Reliance Communications Ltd. said it has paid Rs 54bn as a liberalization fee to the
telecom department.
Cipla Ltd. and three other drug makers - Emcure, Hetero and Natco - will sell generic
version of Bristol-Myer Squibb's anti-hepatitis drug, Daclatasvir.
TVS Motor Ltd. launched the new TVS Apache RTR 200 4V and a new Victor. It has
invested around Rs 3 billion to develop the product.
Tata Steel Ltd. has suspended operations at its Canadian iron ore-mining and processing
project this month.
JSW Energy said it expected to announce a deal by February to buy a thermal power
plant as discussions continue for two such plants.
Reliance Industries Ltd. will start production of natural gas from coal seams, called
coal-bed methane, in Madhya Pradesh shortly.

18. MRF Ltd has said that it is exploring possibilities of setting up a new plant outside South
India, and a possible location could be Gujarat.
Vedanta Resources has cut the value of its bond repurchase programme to US$227.4
million from the US$500-million figure it had announced last week, reports a business
daily.
CCEA will take call on the Rs 17bn investment proposal related to transfer of HDFC Ltd
shares to the UK-based joint venture partner Standard Life in HDFC Standard Life
Insurance Company.
TOP BANKING AND FINANCIAL NEWS OF THE WEEK
State Bank of India will be more cautious in converting loans into a majority equity
holding under the strategic debt restructuring scheme after a surge in such cases raised
questions over the ability of banks to sell these stressed assets within the 18 months given
to them.
The DCB Bank, headquartered in Roorkee, is set to open four new branches to provide
banking services to rural areas. The proposed branches of DCB will be operational at
Buggawala and Iqbalpur, both in Bhagwanpur block, Lakhnouta in Narsan block and
Margubpur in Roorkee block.
The Department of Posts plans to open 1,000 ATMs and bring all 25,000 departmental
post offices under core banking system by March this year.
The Reserve Bank of India’s drive to build up contingencies will result in higher credit
costs at times when net interest margins are declining. Divergence will widen further
between retail and corporate banks–retail will stand out, while corporate remains weak.
Kotak Mahindra Bank Ltd on Monday said its net profit rose 36.5% from a year ago to
Rs.634.7 crore in the quarter ended December as it earned higher interest income and
benefited from increased commissions and fees.

19. The Reserve Bank of India said on Monday it will buy up to Rs.10,000 crore worth of
government bonds through an auction to infuse long-term liquidity in the banking system,
the second such auction in fiscal year 2016.
Banks and finance companies have suggested to the Reserve Bank of India several
measures that can be taken to stem the rising levels of bad loans, which are eating into
bank profitability and eroding investor confidence.
IDFC Bank is in advanced talks to acquire Royal Bank of Scotland's corporate banking
portfolio in a deal worth up to INR 3,000 crore, reports a business daily.
The government will pay banks a 2.5 per cent commission to unlock the country's
massive stash of gold under a new monetisation scheme, the Reserve Bank of India said,
as the ambitious plan received a poor response from banks and customers.
Private sector RBL Bank today launched a platform to provide end-to-end banking
services to the emerging entrepreneurial community.
As the World Form Debate ways to master the fourth industrial revolution, top banker
Chanda Kochhar today said financial sector has rapidly adopted the new technology and
ICICI bank is targeting total transactions worth Rs 80,000 crore through mobile banking
by the end of this fiscal.

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