Indian stocks to watch-Jan 17

GLOBAL MARKETS ROUNDUP            
   * Nifty futures on the Singapore Exchange rose 0.33 
percent. The MSCI-Asia Pacific index, excluding Japan 
 was up 0.07 percent.   
   * Asian shares consolidated on Thursday as
better-than-expected U.S. earnings lifted sentiment, but
concerns over the global economic outlook and U.S. fiscal
problem capped markets.      
   * The S&P 500 ended nearly flat on Wednesday as solid
earnings from two major banks and a bounceback in Apple Inc
 shares offset concerns about a lower forecast for
global growth in 2013
      
      
   EVENTS TO WATCH
    * Earnings: Hero MotoCorp Ltd, HCL Technologies
Ltd 
    * The Prime Minister's Economic Advisory Council Chairman C.
Rangarajan will inaugurate a trade show on banking and will give
a speech. RBI deputy governor K.C. Chakrabarty also attend.
    
    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
    * Finance Minister P Chidambaram has asserted he will meet
fiscal deficit targets for the current year and the next in a
meeting with state finance ministers on Wednesday. (Economic
Times)
here
    * Finance minister P Chidambaram also said he could give an
outline of the amendments needed for the goods and services tax 
in the forthcoming budget if the states reach consensus on its
design contours. (Economic Times)
here
    * SEBI may ask for a compulsory audit of the accounts of
important overseas subsidiaries of Indian companies as fears of
inflated profits and unreliable accounts grow in the wake of
recent corporate scandals, two people familiar with the
discussions said (Economic Times)
here
    * Axis Bank Ltd has picked JPMorgan Chase & Co
 and Citigroup Inc for a share sale to raise up to
$1 billion, three sources with direct knowledge of the deal said
on Wednesday. (Reuters) 
    * Darby Overseas Investments, the private equity (PE) arm of
Franklin Templeton Investments, is set to exit from Amalgamated
Bean Coffee Trading Co Ltd and Bhoruka Power, according to
sources. (Business Standard)
here
    
    ENERGY/COMMODITIES
    * India is unlikely to increase import duties on edible
oils, including palm oil, immediately, government sources said
on Wednesday, after speculation of an imminent rise to curb a
surge in overseas purchases of cooking oils pushed futures
higher. (Reuters) 
    * Hindalco Industries Ltd plans to start its 1.5
million tonnes per annum (mtpa) alumina refinery in Odisha by
the end of March 2013, a company official said on
Wednesday.(Reuters) 
    * Coal India Ltd has tied up with the U.S.-based
Advance Resource International Inc to explore and identify
potential shale deposits within the company's coal blocks, said
a top official of Central Mine Planning and Design Institute
(CMPDI), requesting anonymity. (Business Standard)
here
    
    AIRLINES
    * Kingfisher Airlines Ltd is working out a plan to
restart operations by the end of February, and the airline has
made seven small planes ready for inspection with small set of
pilots retrained to support the plan, according to two airline
executives. (Mint)
here
    * The aviation regulator has warned carriers not to follow
SpiceJet Ltd in its special offer cutting airfare
prices, an official involved in communicating with airlines
said. (Economic Times)
here
    
    AUTOS
    * The workers' union at Hero MotoCorp Ltd has
warned the management it will resort to strikes if a wage
negotiation isn't settled in two weeks, two people familiar with
the development said. (Mint)
here
    
    RETAIL
    * IKEA AB will be allowed to do business in India
exactly on the lines of its global model, commerce and industry
minister Anand Sharma confirmed on Wednesday. (Indian Express)
here
    
    IT
    * HCL Technologies Ltd is set to formally anoint
its operations chief Anant Gupta as its new CEO within days,
said three people aware of the impending change at the country's
fourth-biggest software exporter. (Economic Times)
here

    PROPERTY
    * DLF Ltd will sell its wind energy business to an
unlisted firm founded by the former General Electric India boss
Tejpreet Singh Chopra for around 9 billion rupees, two people
familiar with the matter said.  (Economic Times)
here

    INDUSTRIALS
    * TTK Prestige Ltd said October-December net
profit rose 27.57 percent to 441 million rupees. (Reuters)

Posted in: STOCKS TO WATCH