STOCKS TO WATCH - MAR 11

GLOBAL MARKETS ROUNDUP          
    * Nifty futures on the Singapore Exchange gained 0.3
percent. The MSCI-Asia Pacific index, excluding Japan  
 was up 0.05 percent.             
    * Asian shares eased but the dollar stayed near multi-year
highs against the yen on Monday after surprisingly strong U.S.
labour jobs data showed economic recovery there gaining
traction.      
    * U.S. stocks closed out a historic week with another day of
gains on Friday, as the Dow hit yet another record
closing high on a payrolls report that surpassed even the most
optimistic forecasts.  
                    
    FACTORS TO WATCH  
    * Feb trade data (tentative) (0530GMT) 
    * India airwave auction to start, with Sistema Shyam
TeleServices expected to be the only bidder
    * Feb auto sales data (0500 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
    * The government is likely to either increase or scrap the
foreign direct investment limit in sectors where it is set at
less than 100 percent, The Economic Times reported citing an
unidentified senior government official.  (Economic Times)
 
    * India's capital markets regulator will soon ease
registration norms for foreign investors, Securities and
Exchange Board of India chief U.K. Sinha told reporters on
Friday. (Reuters) 
    * SEBI also said on Friday it had halted the settlement of
trades related to a steep sell-off in mid-cap shares last month
as it investigates potential manipulation. (Reuters)
 
    * SEBI has also introduced regulations overseeing the public
sale of preference shares and will allow hybrid securities,
which has debt and equity components, to be listed on exchanges.
(Reuters) 
    
    ENERGY/COMMODITIES
    * India is set to halt all crude imports from Iran because
insurance companies in the country have said refineries
processing the oil will no longer be covered due to Western
sanctions, the head of refiner Mangalore Refinery and
Petrochemicals Ltd said on Friday. (Reuters)
 
    * An inter-ministerial panel is likely to decide on Monday
the floor price for 12.5 percent stake sale in National
Aluminium Co Ltd, Mint reported citing unidentified
sources. (Mint)
 
    * The Indian government raised $56.84 million by selling
some of its shares in state-run Rashtriya Chemicals and
Fertilizers Ltd on Friday. (Reuters) 
    
    INFRASTRUCTURE
    * The World Bank has barred Larsen & Toubro Ltd 
from doing any business with it or on projects funded by it for
six months, citing "fraudulent practices" as per the bank's
Procurement Guidelines against Fraud and Corruption. (Economic
Times)
 
    
    AUTOS
    * Mahindra and Mahindra Ltd said it will recall
some XUV500 sport utility vehicles (SUVs) to replace certain
parts, according to a release on Friday. (Mint)
 
    * The Amtek Auto Group is close to acquiring
Germany's Neumayer Tekfor Group, The Economic Times
newspaper reported citing Amtek Group Chairman Arvind
Dham.(Economic Times)
 
    
    AIRLINES
    * The United Nations' aviation watchdog has expressed grave
concerns on India's air safety, placing it among the 13
worst-performing nations on this count, according to excerpts of
an audit report. (Mint)
here
    
    RETAIL
    * Pantaloon Retail Ltd agreed to sell a 22.5
percent stake in its life insurance joint venture with Italy's
Generali SpA as part of a move to pare holdings in
unrelated businesses. (Reuters) 
    * Retail executive Kishore Biyani plans to launch a
wholesale cash-and-carry chain in a tie-up with Fung Capital,
the private equity firm of the Fung family behind Li & Fung Ltd
, Rajesh Ranavat, managing director of mergers and
acquisition at Fung Management Singapore Pte Ltd, said. 
(Economic Times)
 
    
    TELECOMS
    * Tanzania's government is set to start talks to buy back a
stake in a state-run telecoms company from the local subsidiary
of India's Bharti Airtel, gaining full ownership of
the telecoms provider, the president's office said on Friday.
(Reuters)

Posted in: STOCKS TO WATCH