STOCK TO WATCH - FEB 27

GLOBAL MARKETS ROUNDUP   
    * Nifty futures on the Singapore Exchange rose 0.3
percent. The MSCI-Asia Pacific index, excluding Japan  
 rose 0.5 percent.      
    * Asian shares rebounded on Wednesday as U.S. equities rose
on solid data and the Federal Reserve's affirmation of its
commitment to monetary stimulus, but investors remained wary of
political gridlock in Italy reigniting the euro zone financial
crisis.   
    * U.S. stocks rebounded from their worst decline since
November on Tuesday after Federal Reserve Chairman Ben Bernanke
defended the Fed's bond-buying stimulus and sales of new homes
hit 4 1/2-year high.    
     
    FACTORS TO WATCH 
    * India's annual report on the health of the economy (0530
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
    * After long failing to act on foreign investor complaints,
Indian policy makers find themselves in an ironic bind: As
global interest in Indian derivatives surges, it is Singapore,
not Mumbai, that is reaping the benefits. (Reuters)
 
    * SEBI has ordered a probe into Monday's mid-cap crash that
saw some stocks plunging up to 60 percent, said the market's
regulator U.K. Sinha. (Economic Times)
here
    * Insurance regulator IRDA has raised objection over the
SEBI's proposal to allow insurance companies to become
"proprietary trading members" for the newly approved debt
trading on stock exchanges, Business Standard reported citing
unnamed IRDA officials. (Business Standard)
here
    
    ENERGY/COMMODITIES
    * Mawana Sugars Ltd has approached the Board for
Industrial and Financial Reconstruction for a revival plan after
losses eroded the company's net worth, Chairman and Managing
Director Siddharth Shriram said. (Economic Times)
here
    
    INFRASTRUCTURE
    * India Infrastructure Finance Co Ltd will provide
partial guarantee to bonds issued by 15 infrastructure firms,
including GMR Infrastructure Ltd, GVK Power &
Infrastructure Ltd, and Larsen & Toubro Ltd 
as part of its 50 billion rupees credit enhancement initiative, 
IIFCL chairman SK Goel said.  (Economic Times)
here
    
    PROPERTY
    * A joint offer made by Blackstone Group LP and
Embassy Property Developments Pvt Ltd to buy a 55 percent stake
in Bangalore's upscale UB City property from Mallya's UB Group
seems to have fallen through, Mint reported, citing three people
familiar with the development. (Mint)
    UB Group chairman Mallya himself said, "Nothing is
happening," in a phone text message when asked about the sale,
according to the newspaper.
here

    PHARMA
    * An Indian government panel has proposed that prices of
patented medicines be based on the country's per capita income,
a move that would substantially reduce prices of costly drugs
made by global pharmaceutical firms. (Reuters) 
    
    IT
    * Tata Consultancy Services Ltd will pay $30
million to settle a seven year-old case in the U.S. filed by two
former employees that challenged the company's practice of
requiring employees to sign over their tax refund cheques to
their employer. (Economic Times)
here

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