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Indian stocks to watch-Oct 11

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GLOBAL MARKETS ROUNDUP

* Nifty futures on the Singapore Exchange

rose 0.25percent. The MSCI-Asia Pacific index excluding Japanfell 0.22 percent.* The S&P 500fell for a fourth day on Wednesday,weighed down by disappointing news from ChevronandAlcoa

as earnings season got under way.

* Asian shares tracked Wall Street lower on Thursday as weakforecasts from U.S. corporate bellwethers underscored concernover global demand, particularly from China.

FACTORS TO WATCH

* World Steel Association, a group representing global steelproducers, holds a 2-day annual conference in New Delhi.

* The Reserve Bank of India Deputy Governor Anand Sinha willspeak on macroprudential policy tools and frameworks at an eventorganised by the Financial Stability Institute.

* India's telecoms minister will attend a event organised bythe mobile tower industry in New Delhi.

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

ENERGY/COMMODITIES

* Coal and power ministry officials agreed on the terms ofthe newly drafted fuel-supply agreements (FSAs) resolving acontentious issue between the two ministries that saw some powercompanies refusing to sign them, a senior official said. (Mint)

* Tata Steel's

Europe unit will receive the firstiron ore shipment from its Benga project in Mozambique byend-October, a top official said, a first step towardsaddressing the cost volatility affecting its Europeanoperations. (Reuters)

* Bondholders in India's Suzlon Energy

, theworld's fifth-largest maker of wind turbines, have rejected aproposal by the company to extend by four months the redemptionof two tranches of bonds due on Thursday totalling $220.8million. (Reuters)

* India is considering raising duties on white sugar importsbut is unlikely to tinker with the existing rate on raw imports,two government sources said on Wednesday, hoping to protectdomestic millers from cheap competition. (Reuters)

* India's Oil Ministry has cancelled permits to lay four gaspipelines held by Reliance Gas Transportation Infrastructure,part of Reliance Industries

. (Economic Times)FINANCIAL/REGULATORY

* The government is likely to take a final view by Nov. 15on the Shome panel report, which had favoured prospectiveapplication of tax laws in its report on retrospectiveamendments relating to taxation of indirect transfers, a FinanceMinistry official said. (Economic Times)

* Senior executives of a company could find themselvesfacing criminal charges for failing to prevent bribery as thegovernment proposes to amend the Prevention of Corruption Act tomake such failures an offence. (Economic Times)

* Relaxing norms for foreign-owned non-banking financialcompanies to open subsidiaries, the RBI said such entities cannow set up arms even if the overseas investment is less than 100percent. (Economic Times)

* India's gross direct tax receipts rose about 5.9 percentto 2.7 trillion rupees ($51.11 billion) during the first half ofthe current fiscal year, from a year earlier, on higher incometax and wealth tax revenues, a government release said.(Reuters)

* SEBI has suspended the registration of Alka Securities Ltd

for two years. (Mint)AUTOS

* Toyota Kirloskar Motor on Wednesday voluntarily announcedthe recall of approximately 8,700 units of Corolla Altis andCamry manufactured in India as part of the global recallexercise by Toyota Motor Corp.

(Economic Times)AIRLINES* Kingfisher Airlines Ltd

is likely to extend itslockout for a second time and has suspended ticket sales untilOct. 20, according to at least three executives of the carrier.(Mint)

INFRASTRUCTURE

* IRB Infrastructure Developers Ltd

acquired 74percent of MVR Infrastructure and Tollways. (Reuters)HEALTHCARE

* Religare Health Trust will raise S$511 million ($416million) after pricing its initial public share offer inSingapore below the middle of an indicative range, two sourceswith direct knowledge of the matter said on Wednesday.

Religare will own hospital-related assets managed by Indianhospital group Fortis

. (Reuters)MEDIA* Dish TV India

unveiled a new pricing scheme of70 channels in the basic tier segment that will be free to itssubscribers in the four metros, potentially triggering a pricewar in the digital TV segment. (Business Standard)

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

OTHER FACTORS TO WATCH* Indian debt/FX factors to watch

* Australian dollar gains after better jobs data

* Oil falls as economic worries, stock market pressure

* Foreign institutional investor flows

* For closing rates of Indian ADRs

(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