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Indian stocks to watch-Oct 12

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GLOBAL MARKETS ROUNDUP

* Nifty futures on the Singapore Exchange

down 0.04percent. The MSCI-Asia Pacific index excluding Japanwas up 0.16 percent.

* U.S. stocks ended flat on Thursday after gains brought bya sign of improvement in the labor market were erased in part bya drop in Apple shares after a legal setback in a court ruling.

* Asian stocks and the euro steadied on Friday, but were oncourse for a losing week as worries about weak corporateearnings and slowing global economic growth limit the appeal ofriskier assets.

FACTORS TO WATCH* Infosys, India's no. 2 software servicesprovider, will report September quarter earnings. (0245 GMT)

* India will release industrial output growth data forAugust. (0530 GMT)

* HDFC Bankto release Sept quarter earnings.(0930GMT)

* A committee, led by prime minister's Economic AdvisoryCouncil chief C. Rangarajan, will recommend lifting curbs onIndia's tightly controlled sugar sector. (0130GMT)

* RBI to release weekly forex reserves, bank credit.(1130GMT)

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

TOP NEWS

* Dismissing fears of a rating downgrade, Indian FinanceMinister P Chidambaram said the government will take a host ofreform initiatives in the next two years to spur growthmomentum. (Economic Times)

* India's annual exports fell for the fifth consecutivemonth and imports rose in September, pushing the trade deficitto its widest in 11 months in the latest bleak data from Asia'sthird largest economy as it struggles to balance its finances.

* India continues to be a major recipient of funds from theInternational Finance Corporation. The World Bank investment armhas so far invested $3.8 billion in the country, making IndiaIFC's largest portfolio accounting for 9 percent of its totalfunding, according to the organisation's annual report.(Economic Times)

ENERGY/COMMODITIES

* State-run power utility NTPC Ltd's

plan to builda 500 megawatts (MW) plant in Sri Lanka appears to have beenindefinitely delayed, in part because of protests by Tamil Naduagainst the Sri Lankan government, according to two companyexecutives. (Mint)

* A Supreme Court appointed panel has recommended theimplementation of a 300 billion rupees environment plan, fundedby miners, over 30 years, in districts ravaged by mining inKarnataka. (Mint)

* India's second largest refiner, Bharat Petroleum Corp

, will complete expansion projects costing more than $3billion at two refineries by 2015, as it moves to boost outputand upgrade fuel quality, a senior company official said.

* The Indian government raised price of the most usednitrogenous fertiliser urea by 50 rupees per tonne on Thursday,a government spokesman said. Earlier, urea was priced at 5,310rupees ($99.9) per tonne.

* Fertiliser companies would now get final subsidyreimbursement from the government on the basis of receiptsproduced by retailers of actual sale. (Economic Times)

* India's Suzlon Energy Ltd

was set to default onredemption of more than $200 million in overseas convertiblebonds due on Thursday after bondholders rejected a four-monthextension, sending its shares down as much as 5 percent.

* Indian sugar futures fell more than 1 percent on Thursday,weighed by higher supplies as the government allowed millers tosell more sugar under the non-levy quota.

* Tata Consulting Engineers Ltd, a Tata Group company andEuropean firm Dassault Systems, announced partnership to offerbusiness development and engineering consultancy services tocustomers in various industries. (Economic Times)

* State-run Coal India

said it aims at raisingproduction capacity to 180 million tonnes over the next fiveyears. (Economic Times)

* State-run hydel utility NHPC is debating the option ofshare buyback as part of a financial restructuring plan aimed atshoring up the company's scrip and improve investor value.(Times of India)

AUTOS

* Indian tire manufacturer Apollo Tyres

is inearly talks to acquire a majority stake in U.S.-based CooperTire & Rubber Co

in a deal valued at around $600million, a source with direct knowledge of the situation toldReuters.

* India's largest utility vehicle maker, Mahindra & Mahindra

has managed to get booking of 5,000 units of compactSports Utility Vehicle 'Quanto' within three weeks of itslaunch. (Economic Times)

* The Indian auto component sector grew by 15.7 percent inthe fiscal 2011-12 posting a turnover of 2.10 trillion rupeesbut the growth will moderate to 8-10 percent in the ongoingfiscal, according to industry body ACMA. (Economic Times)

AIRLINES/SHIPPING* Great Offshore Ltd

board approved extension ofmaturity date of $40 million 7.25 percent unsecured foreigncurrency convertible bonds due 2012 for a period of six monthsi.e. up to April 12, 2013.

TELECOMS

* The government has granted infrastructure status to thetelecom tower provider industry, a move that is likely to ensuremultiple benefits to the sector as well as boost investments.(Economic Times)

* GSM operators - Bharti Airtel

, Idea Cellular

and Vodafone Essar - have witnessed a decline in theirnumber of mobile phone users in September, marking the secondconsecutive month their customer bases have fallen. (EconomicTimes)

RETAIL* Jubilant FoodWorks

, which operates the chain ofDomino's Pizza outlets, said it plans to hike its prices by 2-3percent next month to beat inflationary pressure. (EconomicTimes)

* Unveiling its 4 billion rupees investment plans for India,Lifestyle International said new players like Ikea entering thefurniture segment will only help the market grow further.(Economic Times)

* Sony India today said it will invest 1.5 billion rupees onmarketing activities during this festive season as it looks toachieve sales turnover of 28.5 billion rupees during the period.(Economic Times)

* Austria-based Swarovski Group is close to buying aminority stake in domestic jewellery house Tara Jewels,according to two people close to the transaction. While theexact financials are not available, people quoted above saidSwarovski would be picking up a 10-12 percent stake in thecompany, valuing it at around 5 billion rupees.

* Private equity investors Bain Capital and TPG havetransferred their shares in Lilliput Kidswear to promoterSanjeev Narula, ending a months-long public spat and helping thekidswear brand join a growing club of struggling retailersmaking a comeback to woo potential foreign investors. (EconomicTimes)

* French retail major Auchan Group is keen to invest inIndia once more states start allowing FDI in multibrand retail.(Economic Times)

* Luxury fashion and lifestyle brands Dolce & Gabbana,Stella McCartney and Alexander McQueen are in talks to formjoint ventures in India to sell their clothing, bags and shoesthrough exclusive stores. (Economic Times)

* Max Hypermarket India, a part of Dubai-based LandmarkGroup, is undertaking a rebranding exercise of its stores andwill operate under the Auchan brand following the signing of afranchise agreement with France's Groupe Auchan. (EconomicTimes)

* Wipro founder Azim Premji has agreed to invest $25 million(about 1.3 billion rupees) in JSM Corp, which runs Hard RockCafe and California Pizza Kitchen restaurants in India.(Economic Times)

INFRASTRUCTURE

* BNP Paribas and Srei Infrastructure have invested about 2billion rupees of equity in their joint venture company - SreiEquipment Finance (Private) Limited. This will take the networth of the Company to over 16.6 billion rupees. (EconomicTimes)

HEALTHCARE

* The government on Thursday told the Supreme Court that itwould firm up a drug policy by November 27, 2012, and thenrevise its essential drugs list under the Drug Price Controlorder to include 348 drugs. The existing essential drugs listhas only 74 drugs. (Economic Times)

REALTY

* Motilal Oswal Private Equity, an India-focused riskcapital firm, is raising a 5-billion rupees real estate fundthat will invest primarily in residential projects. (EconomicTimes)

MEDIA

* Standard Chartered Private Equity, the investment arm ofthe global bank, has invested $35 million (1.85 billion rupees)in visual entertainment services group, Prime Focus Ltd, at amaximum price of 53 rupees per share, the company announced onThursday. (Economic Times)

INSURANCE

* German insurance company HDI-Gerling International HoldingAG has paid four times premium on 260 million rupees for its 26percent stake in Magma HDI General Insurance Co with acommitment of raising the holding to 49 percent when thegovernment allows it. (Economic Times)

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

* Euro steadies, yen eases vs dollar

* Oil rises as Turkey-Syria tensions fuel supply concerns

* Foreign institutional investor flows

* For closing rates of Indian ADRs

(Compiled by Manoj Rawal; Editing by Subhadip Sircar)

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

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

Keywords: MKTS INDIA STOCKS/PREOPEN