STOCK TO WATCH - FEB 26

GLOBAL MARKETS ROUNDUP  
    * Nifty futures on the Singapore Exchange fell 0.3
percent. The MSCI-Asia Pacific index, excluding Japan  
 fell 0.5 percent.     
    * Asian shares fell on Tuesday, taking their lead from
overnight plunges in global equities while currency markets
remain volatile as no party has won a Senate majority in Italy's
elections.  
    * U.S. stocks on Monday suffered their biggest drop since
November after a strong showing in Italian elections by groups
opposed to the country's economic reforms triggered worry that
Europe's debt problems could once again destabilize the global
economy.   
    
    FACTORS TO WATCH
    * India's 2013/14 railway budget (0630 GMT)
    * Ranbaxy Laboratories Ltd Oct-Dec earnings (0730
GMT)
    * RBI Deputy Governor K.C. Chakrabarty to address investors'
conference (0430 GMT)
    
    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 finance minister had a bruising battle with
cabinet colleagues in the run-up to the budget he unveils this
week, rebuffing demands for pre-election spending and insisting
on austerity to shore up investors' faith in a troubled economy.
(Reuters) 
    * The Reserve Bank of India is moving closer to requiring
foreign banks to set up subsidiaries to operate in India, said
two people familiar with the latest licensing conditions for
foreign banks.  (Economic Times)
here
    
    INFRASTRUCTURE
    * Jaypee Infratech Ltd has raised 66 billion
rupees in loans from IDBI Bank Ltd at reduced interest
rates to repay its high-cost debt and improve profitability, a
senior executive with the bank said. (Economic Times)
here

    TELECOMS
    * Sistema emerged as the only operator bidding in
an auction of airwaves in India, a sign that the government may
have to drop the reserve price of remaining airwaves to attract
interest, analysts said. (Reuters) 
    * Vodafone Group PLC has put off plans to list its
Indian unit because of the regulatory and policy uncertainties
in the country, said Vittorio Colao, the chief executive of the
world's largest private telecom company. (Economic Times)
here
    
    AIRLINES
    * India said it will give away Kingfisher Airlines Ltd's
 slots and foreign flying rights to other operators in
the latest blow to the grounded carrier. (Reuters)
 
    
    PROPERTY
    * The Gurgaon District Court has restrained Unitech Ltd
 from carrying out further construction at the site of
its luxury project in Gurgaon after an apartment owner
association filed a suit against a shift in location, according
to an order on Saturday. (Business Standard)
here
    
    RETAIL
    * Seven Bank, a unit of Japanese chain 7-Eleven, which
itself is owned by Seven & I Holdings Co, is
considering entering into the white label automated teller
machine (ATM) space in India, three people aware of the
development said. (Business Standard)
here
    
    IT
    * Tata Elxsi Ltd and Get2Volume (G2V) on Monday
announced their partnership to incubate and grow technology
companies in India and Singapore. (Mint)
here

Posted in: STOCKS TO WATCH