stocks to watch - 1-11-2012

INDIAN STOCKS TO WATCH
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NOTE: Reuters has not verified third-party stories and does not
vouch for their accuracy.
    
    GLOBAL MARKETS ROUNDUP     
    * Nifty futures on the Singapore Exchange fell 0.02 
percent. The MSCI-Asia Pacific index excluding Japan   
 is down 0.16 percent.        
    * The U.S. stock market slowly returned to life on Wednesday
after two days in the dark, with the Dow and the S&P 500
 ending little changed while the Nasdaq Composite 
edged lower in a session with slightly less than average volume.
    
    * Asian shares fell on Thursday as China's official and
private sector manufacturing PMIs confirmed a recovering growth
trend, but failed to convince investors the slowdown was
bottoming out.     
        
    FACTORS TO WATCH    
    * India's top automakers' Oct. sales
    * Earnings: Aban Offshore, BGR Energy Systems
, GlaxoSmithKline Consumer Healthcare, Godrej
Properties 
    
    TOP NEWS
    * India's fiscal deficit during the
April-September period rose to 3.37 trillion rupees ($62.6
billion), or 65.6 percent of the full fiscal year 2012/13
target, government data showed on Wednesday. (Reuters)
 
    * India's infrastructure sector output grew 5.1
percent in September from a year earlier, higher than an
upwardly revised annual growth of 2.3 percent in the previous
month, government data showed on Wednesday. (Reuters)
 
    * India's consumer price index for industrial workers was at
9.14 percent in September, lower than an annual rise of 10.31
percent in August, government data showed on Wednesday.
(Reuters) 
    * The Reserve Bank of India is considering cutting the
held-to-maturity (HTM) ceiling, Deputy Governor Anand Sinha said
on Wednesday, referring to a category of debt that banks must
hold until redemption but which can be reshuffled once a year.
(Reuters) 
    
    FINANCIAL/REGULATORY
    * Fidelity Growth Partners, the private equity arm of
Fidelity Worldwide Investment, has invested $75 million in
Indian medical equipment supplier Trivitron Healthcare, both the
companies said in a statement. (Reuters) 
    * IDBI Bank on Wednesday slashed interest on home
loans by 0.25 percent and the deposit rates in some categories
by up to 0.50 percent. (Economic Times)
here
    * Essar Oil is being moved out of the BSE's 100
index and would be replaced by Satyam Computer Services
. (Economic Times)
here
    
    ENERGY/COMMODITIES
    * India may import more raw sugar in the current marketing
year as mills seek cheap supply in the face of steep price hikes
by local cane growers and look to take advantage of high
domestic refined sugar prices, industry officials said.
(Reuters) 
    * Alstom India's July-September net profit rose
90.9 percent to 545.6 million rupees from a year ago. (Reuters)
 
    
    INFRASTRUCTURE
    * German airport company Fraport said it will exit
its lone Indian airport investment in GMR-run  Delhi
International Airport, Kai Zobel, vice-president for global
investments at Fraport, told The Economic Times.
    "We are talking to our JV partner GMR and hopefully we would
be able to complete the transaction by the second or third
quarter of the next financial year for selling our entire 10
percent stake in DIAL," Zobel was quoted as saying.  (Economic
Times)
here
    * State-run Airports Authority of India will soon
approach the Finance Ministry with a proposal to raise funds
through a 30-billion rupees infrastructure bonds to finance
modernisation of non-metro airports, AAI chairman V P Agarwal
told reporters. (Press Trust of India via Economic Times)
here
    
    TELECOMS
    * The Telecom Commission (TC), the highest decision-making
body of the communications ministry, has recommended that mobile
phone companies be allowed to retain either 2.5 MHz of airwaves
or give up all spectrum in the 900 MHz band at the time of their
licence renewal. (Economic Times)
here
    
    AUTOS
    * Volkswagen plans to introduce new models in
India from its global line-up to revive its fortunes in the
country,  Arvind Saxena, managing director of Volkswagen's
Indian unit's passenger cars business said. (Economic Times)
here
    
    RETAIL
    * Titan Industries' July-September net profit rose
21.6 percent to 1.8 billion rupees from a year ago. (Reuters)
 
    * Tata Global Beverages' July-September net profit
rose 54.7 percent to 1.19 billion rupees from a year ago.
(Reuters) 
    * Playboy Enterprises plans to open clubs, cafes
and retail stores in India by year end, said Sanjay Gupta, chief
executive of PB Lifestyle Ltd, the entity that has won the brand
licence to open over 120 Playboy formats. (Economic Times)
here
   
    MEDIA
    * The satellite TV broadcast services arm of India's
Videocon Group plans to raise between $150 million and $200
million through an initial public offering of shares, four
sources with direct knowledge of the matter said. (Reuters)
 
    * Tata Sky, a venture between India's Tata Group and British
Sky Broadcasting, is planning an IPO to raise about 20
billion rupees, sources with direct knowledge of the plans told
The Economic Times.
    Tata Sky expects a valuation of 80 billion rupees, these
sources were reported as saying. The Economic Times did not name
its sources. (Economic Times)
link.reuters.com/puc73t 

    PROPERTY
    * U.S.-based real estate development and investment company
Portman Holdings is looking to raise up to $300 million (over 16
billion rupees) worth of third-party capital to invest in Indian
property markets, said Ambrish Baisiwala, CEO of Portman.
(Economic Times)
here

Posted in: STOCKS TO WATCH