STOCK TO WATCH - MAR 20

GLOBAL MARKETS ROUNDUP    
    * Nifty futures on the Singapore Exchange fell 0.2
percent, while the MSCI-Asia Pacific index, excluding Japan   
, gained 0.08 percent.                   
    *  Asian shares were range-bound on Wednesday after the
parliament of Cyprus rejected a proposed tax on bank deposits.
    
    * The S&P 500 fell for a third day on Tuesday but
pared losses late in the day after the parliament of Cyprus
rejected a proposed tax on bank deposits.        
                          
    FACTORS TO WATCH
    * Google Inc Chairman Eric Schmidt visits New Delhi
(March 20-21)
    
    INDIAN STOCKS TO WATCH
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NOTE: Reuters has not verified third-party stories and does not
vouch for their accuracy.
    
    FINANCIAL/REGULATORY
    * India's total food subsidy is seen at 1.3 trillion rupees
($23.98 billion) to cover expenditure for its Food Security Bill
which aims to expand cheap food provision for the poor, Food
Minister K.V. Thomas said on Tuesday. (Reuters) 
    * The Reserve Bank of India on Tuesday eased banks' margin
requirements for borrowing under its repo window, in a bid to
help the lenders tide over the cash crunch. (Reuters)
 
    * The RBI on Tuesday also set a limit of 300 billion rupees
($5.5 billion) for the government's short-term borrowing from
the central bank, known as ways and means advances (WMA), for
April-September. (Reuters) 
    * The Finance Ministry has proposed offering a strategic
controlling stake in IFCI Ltd to an investor, The
Economic Times reported citing an unidentified ministry
official. (Economic Times)
 
    
    ENERGY/COMMODITIES
    * BG Group is set to sign a 20-year contract worth as
much as $20 billion to provide liquefied natural gas to the
western Indian state of Gujarat, the Financial Times reported on
Tuesday citing people with knowledge of the deal. (Reuters)

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