STOCK TO WATCH 28-JAN

GLOBAL MARKETS ROUNDUP      
    * Nifty futures on the Singapore Exchange rose 0.1
percent. The MSCI-Asia Pacific index, excluding Japan 
 was down 0.13 percent.          
    * South Korean shares were hit by earnings worries,
dragging down the broader Asian share index, but improving
economic prospects in Europe and solid U.S. earnings underpinned
sentiment.    
    * The Standard & Poor's 500 index closed above 1,500
for the first time in more than five years on Friday as strong
U.S. earnings reports helped the benchmark extend its rally to
eight days.     
          
    FACTORS TO WATCH     
    * The Reserve Bank of India will release its macro-economic
review for Oct-Dec quarter report (1130 GMT) 
    * JSW Steel Ltd earnings 
    
    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
    * Morgan Stanley intends to allow its banking licence
in India to lapse as part of its changed business strategy, the
Economic Times newspaper reported on Saturday. (Reuters)
      
    * Finance minister P Chidambaram may limit subsidies on
food, fertilisers and oil at 1.9 trillion rupees for the next
financial year to send out a strong signal on fiscal
consolidation, an official involved in the exercise, who is not
permitted to talk to the media, said. (Financial Chronicle)
here
    * L Capital is vying with Kohlberg Kravis Roberts & Co LP
 to buy up to 4 billion rupees stake in home-grown
slimming and beauty services chain VLCC, said at least two
people familiar with the matter, adding that the company is
worth more than $300 million. (Times of India)
here
    
    ENERGY/COMMODITIES
    * India's plan to raise about $2 billion selling a stake in
power producer NTPC Ltd will likely take place on Feb.
7, three sources with direct knowledge of the situation said on
Friday. (Reuters) 
    * Coal India Ltd  said in a court filing The
Children's Investment Fund cannot force the state firm to raise
prices for the interest of a particular shareholder, and that
the company and its directors are under no obligation to sell
coal at international prices, according to The Economic Times
newspaper.
    Coal India is facing a lawsuit from TCI, with a hearing at
Calcutta High Court to be heard on Wednesday, the newspaper
reported. (Economic Times)
here
    
    TELECOMS
    * Reliance Industries Ltd's fourth generation
long-term evolution services are expected to be launched between
June and August, at least starting with Mumbai, New Delhi and
Jamnagar, vendors in discussion with the company said. (Business
Standard)
here
    * Norway's Telenor is unlikely to bid in an auction
for mobile licences in Mumbai unless India halves the fee, its
Chief Executive Jon Fredrik Baksaas said on Friday. (Reuters)
 
   
    AUTOS
    * Maruti Suzuki India Ltd has purchased the land
for its fourth plant in India, with a view to roughly doubling
annual production capacity to about 3 million units, the Nikkei
business daily said on Sunday. (Reuters) 
    * Ashok Leyland Ltd is hoping to raise around 5
billion rupees by offloads stakes in some of its subsidiaries as
well as IndusInd Bank Ltd, chief financial officer K
Sridharan told analysts. (Business Standard)
here
    
    AIRLINES
    * Jet Airways (India) Ltd will sell a 24 percent
stake to Etihad Airways for around $300 million, according to
two people close to the development, neither of whom wanted to
be named. (Mint)
here

Posted in: STOCKS TO WATCH