STOCK TO WATCH - FEB 19

GLOBAL MARKETS ROUNDUP   
    * Nifty futures on the Singapore Exchange rose 0.08 
percent. The MSCI-Asia Pacific index, excluding Japan  
 rose 0.1 percent.         
    * Regional stock markets held to tight ranges as the absence
of catalysts and a holiday in the U.S. overnight capped demand,
while the yen remained near recent lows, as attention
turned to the appointment of a new Bank of Japan governor.  
  
    * U.S. markets were closed for a public holiday.  
   
    FACTORS TO WATCH   
    * British Prime Minister David Cameron will meet Manmohan
Singh in New Delhi. 
    * Debt and FX markets closed for a banking holiday.
    
    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
    * India's Prime Minister Manmohan Singh said on Monday his
government had nothing to hide in a $750 million deal for
AgustaWestland helicopters that the defence ministry is
threatening to cancel over allegations of kickbacks. (Reuters)
 
    * The scheduled 120-billion-rupee ($2.22 billion) bond
auction, which was due to be held on Feb. 22, has been
cancelled, the Indian government said in a release on Monday,
citing a build-up of its cash balance with the Reserve Bank of
India. (Reuters) 
    * India's central bank will issue final guidelines on new
bank licenses before the current fiscal year ends in March,
local television news channels reported, quoting Deputy Governor
Anand Sinha. (Reuters) 
    * The government may offer additional incentives to
exporters in the 2013/14 budget, and the Commerce Ministry has
already had talks with the Finance Ministry, said a top
government official, who declined to be named. (Economic Times)
here
    
    ENERGY/COMMODITIES
    * India is now paying Iran only in rupees for its oil after
it lost another payment route in euros due to tougher sanctions
from Feb. 6, sources at local refiners said, leaving Tehran
struggling to use the tightly-restricted Indian currency.
(Reuters) 

    INFRASTRUCTURE
    * In a first-of-its-kind move, the National Highways
Authority of India (NHAI) is likely to pay per day penalty to
private developers in build, operate and transfer (BOT) projects
in case it fails to get statutory clearances and approvals in
the scheduled time frame. (Times of India)
toi.in/WjlG0a
    * Tata Power Co Ltd has secured an extension from
its lenders for curing the breach in covenants at the
wholly-owned subsidiary that is building the Mundra ultra mega
power project (UMPP), a member of the board of directors of Tata
Power told Financial Chronicle. (Financial Chronicle)
here
    
    TELECOMS
    * India plans to hold a third round of auction of unsold
mobile phone airwaves in 18 telecommunication zones immediately
after it completes a sale in other zones in March, to comply
with a court order, a senior government official said on Monday.
(Reuters)

Posted in: STOCKS TO WATCH