STOCK TO WATCH - MAR 12

GLOBAL MARKETS ROUNDUP           
    * Nifty futures on the Singapore Exchange gained 0.3
percent. The MSCI-Asia Pacific index, excluding Japan  
 was up 0.1 percent.              
    * Wall Street's record close overnight bolstered most Asian
shares on Tuesday as growing confidence in the U.S. economy
underpinned investor risk appetite, while the yen slipped
to fresh lows on speculation over imminent monetary easing. 
       
    * Wall Street rose modestly on Monday, lifting the Dow
 to another record and giving the S&P 500 its
seventh straight advance as early weakness enticed buyers. 
 
                     
    FACTORS TO WATCH   
    * Jan industrial output (around 0530 GMT)
    * Feb CPI (due after IIP)
 
    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
    * The government is toying with the idea of increasing the
foreign investment limit in government and corporate bonds by
$10 billion each, taking the overall limit close to $100
billion, The Financial Express reported citing an unidentified
finance ministry official. (Financial Express)
 
    * Six companies, including ICICI Bank Ltd and
Housing Development Finance Corp Ltd, have expressed
interest in buying stakes in the firm that will set up the goods
and services tax network, Mint reported, citing two unidentified
finance ministry officials. (Mint)
 

    RETAIL
    * SEBI has approved Diageo Plc's proposal to acquire
a majority stake in United Spirits Ltd for $2 billion
but with a key clause that will allow the buyer to sell the
assets of the company, subject to shareholder approval, Mint
reported citing two persons with direct knowledge of the matter.
(Mint)
here
    
    AUTOS
    * KKR & Co LP has emerged as the frontrunner to
acquire Warburg Pincus LLC's majority stake in Alliance
Tire Group (ATG), The Economic Times reported citing two
independent sources directly involved with the transaction
(Economic Times)
 
    
    TELECOM
    * Micromax Informatics is reviving its initial public offer
plans to help its private equity investors to sell a part of
their stake, three people with knowledge of the company's plans
said. (Economic Times)
here
    
    MEDIA
    * Reliance Big Entertainment announced the acquisition of a
100 percent stake in the gaming division of Funnel Japan and a
51 percent in South Korea's Bluesom Inc. (Economic Times)
 

    EDUCATION
    * Moody's Investors Service downgraded Core Education &
Technologies Ltd's ratings from "B1" to "B2", citing
concerns about the company's ability to accses capital
consistently due to the volatility of its share
prices. 

    HEALTH CARE
    * Aanjaneya Lifecare Ltd decided to defer the
issuance of foreign currency convertible bonds until further
notice due to unfavorable market circumstances. (Reuters)

Posted in: STOCKS TO WATCH