Wires

Indian stocks to watch-Oct 10

GLOBAL MARKETS ROUNDUP

* Nifty futures on the Singapore Exchange

fell 0.43percent. The MSCI-Asia Pacific index excluding Japanwas down 0.47 percent.

* U.S. stocks fell on Tuesday, led by losses in technologyafter brokerage downgrades of Intel

and other majorcompanies as worries increased about third-quarter U.S.earnings.

* Asian shares fell on Wednesday, led by losses intechnology and materials stocks.

FACTORS TO WATCH

* U..S Treasury Secretary Tim Geithner, Fed Chairman BenBernanke will visit Mumbai.

* Prime Minister Manmohan Singh to speak at InternationalEnergy ministers meeting in New Delhi (0430 GMT)

* World Steel Association's 2-day annual conference in NewDelhi

* September auto sales

INDIAN STOCKS TO WATCHNOTE: Reuters has not verified third-party stories and does notvouch for their accuracy.

TOP NEWS

* India should scrap a law that taxes asset transfersretrospectively, a government panel recommended in a draftreport that could save Britain's Vodafone

$2 billion.(Reuters)RETAIL* Walmart

is planning a series of partnerships withsmall and mid-level suppliers in India across product categoriesto create a big list of private label brands that will be pricedas much as 10-15 percent below established products and brands,said Raj Jain, MD & CEO of Bharti Walmart. (Economic Times)

* Everstone Capital, India Value Fund and the Aditya BirlaGroup are set to compete with a clutch of international privateequity funds to acquire a controlling stake in Spykar Lifestyle,the biggest home-grown denim brand, persons familiar with thematter said on condition of anonymity. (Economic Times)

ENERGY/COMMODITIES* CRH Plc

said it had terminated talks with JaypeeCement announces termination of negotiations to buy a cementplant from Jaypee Cements, part of Jaiprakash Associates

. (Reuters)* ONGCand Oil Indiawill give $56 perbarrel discounts on crude oil they sell to Indian Oil,BPCLand HPCL

this fiscal year to partiallycompensate their revenue losses on selling fuels at controlledrates, a senior oil ministry official said. (Economic Times)

* Power minister M Veerappa Moily on Tuesday said thegovernment was examining the option of offloading 9.5 percentstake in NTPC

. (Times of India)

* India's oil output in 2012/13 is expected to rise 8percent to 41.12 million tonnes from the previous year, OilMinister S. Jaipal Reddy said on Tuesday. (Reuters)

* GVK Power and Infrastructure

cleared a majorhurdle for a A$10 billion ($10.2 billion) coal project inAustralia, winning federal government approval for a new exportterminal in Queensland state. (Reuters)

* Reliance Industries

and its partners may have toshut under-performing gas fields in 2015/16 that used to beIndia's second-biggest producer, Oil Secretary G. C. Chaturvedisaid on Tuesday. (Reuters)

* The Indian Farmers Fertiliser Co-operative (IFFCO), one ofIndia's largest fertilizer makers, plans to build a C$1.2billion ($1.22 billion) nitrogen plant in Eastern Canada with aCanadian partner to cash in on strong North American demand.(Reuters)

FINANCIAL

* A senior finance ministry official has disclosed hisministry has sought legal opinions on how the Reserve Bank ofIndia (RBI) can be empowered to do issue new bank licencesthrough executive action instead of awaiting legislativesanction. (Mint)

* Emkay Global Financial Services Ltd

has met allof its financial obligations to the National Stock Exchange,arising from a set of erroneous trades that jolted domesticmarkets last week, an official at the brokerage said on Tuesday.(Reuters)

* Wall Street banks have had enough of heavy work for punypaychecks on Indian government share sales - at least when itcomes to smaller or difficult deals. (Reuters)

* The RBI slapped a penalty of 3 million rupees on ICICIBank

and 5.5 million rupees on ING Vysya Bank

for violating certain norms related to Know YourCustomer rules. (Economic Times)

* India shelved plans for an IPO in steelmaker RashtriyaIspat Nigam Ltd, in a setback for the country's efforts to raiseabout 300 billion rupees ($5.72 billion) through state sharesales by the end of the fiscal year in March. (Reuters)

AIRLINES

* India's aviation regulator has asked Kingfisher AirlinesLtd

to stop selling tickets until its concerns areresolved, a government source said. (Reuters)TELECOMS

* India's mobile phone subscriber base declined by 5.13million in August, the second straight monthly fall, as carriersin the world's second-biggest wireless market continued todisconnect inactive users in a clean-up drive. (Reuters)

IT

* SEBI has banned Polaris Financial Technology's

promoter Arun Jain from dealing in the securities market for twoyears accusing him of violating insider trading norms. (EconomicTimes)

AUTOS* General Motors'

Indian unit is planning to launchup to eight new models over the next 5-6 years in the country asit looks to increase its share in the domestic auto market, GMIndia Vice President of Manufacturing Rakesh Mohan Sabbarwaltold Press Trust of India. (PTI via Economic Times)

* Motorcycle maker Royal Enfield will soon launch a secondgeneration Thunderbird 500 to replace the predecessor.

HEALTH CARE* Bioconis exploring new partnerships in the U.S.and Europe, chairman Kiran Mazumdar Shaw said. (Economic Times)MEDIA

* The Bombay High Court has extended the deadline tillFriday for Deccan Chronicle Holdings

to furnish bankguarantees. (Economic Times)RETAIL

* The world's largest brand consulting firm Interbrand plansto set up its local operations in the early part of the nextyear, Interbrand India chief strategist and head Ashish Mishrasaid.(Economic Times)

NOTE: Reuters has not verified third-party stories and does notvouch for their accuracy.

(Compiled by Manoj Rawal; Editing by Rafael Nam)

((rafael.nam@thomsonreuters.com)(+91-22)(6180-7425)(Reuters

Messaging: rafael.nam.thomsonreuters.com@reuters.net))

Keywords: MARKETS INDIA STOCKS/PRE OPEN