TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

Nifty futures/Bank Nifty futures market closed on 8545/ 18798. According to technical analysis if Nifty futuresand Bank Nifty future moves down-word in tomorrow treading session then 8476 will be small support for Niftyfutures and 18422 will be small support for Bank Nifty futures. If it break this level then then Nifty futures can godown to 8312 level and Bank Nifty futures can touch 17918 level in next few days. It will be hard support forNifty futures and Bank Nifty futures. Meanwhile in up trend there is small resistance on 8628 for Nifty futures and19227 is for Bank Nifty futures after breaking this level with volume there is big resistance for Nifty futures on8819 and 20003 for Bank Nifty futures.

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )

NIFTY

DAILY R2 R1 PP S1 S28953 8651 8500 8349 8047

WEEKLY R2 R1 PP S1 S29391 8807 8515 8223 7639

MONTHLY R2 R1 PP S1 S29409 8827 8533 8241 7657

BANK NIFTY

DAILY R2 R1 PP S1 S220434 19222 18616 18010 16798

WEEKLY R2 R1 PP S1 S221955 19763 18667 17571 15380

MONTHLY R2 R1 PP S1 S222017 19897 18703 17498 15115

MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS

NIFTY 8522 8387 8402 8473

BANK NIFTY 18176 18410 18344 18550

PARABOLIC SAR DAILY WEEKLY MONTHLY

NIFTY 8632 8160 9007

BANK NIFTY 19135 17780 20780

NSE EQUITY DAILY LEVELS

COMPANY NAME R3 R2 R1 PP S1 S2 S3

ACC EQ 1449 1435 1421 1414 1406 1399 1392ALBK EQ 101 98 96 94 93 92 90

AMBUJACEM EQ 238 235 232 231 229 228 227ASIAN PAINT EQ 974 953 931 918 910 896 889AXISBANK EQ 603 596 588 584 581 577 573BAJAJ-AUTO EQ 2664 2629 2594 2571 2559 2536 2524BANKBARODA EQ 198 194 190 187 186 183 181BANKINDIA EQ 185 180 176 173 172 169 167BHEL EQ 296 291 286 283 281 278 276BHARTIARTL EQ 433 426 419 415 412 408 406CIPLA EQ 761 747 734 725 720 712 706COALINDIA EQ 457 447 437 430 427 420 417DLF EQ 136 132 127 125 122 120 118DRREDDY EQ 4384 4339 4294 4269 4249 4224 4204GAIL EQ 361 355 349 345 343 339 337GRASIM EQ 4002 4063 3924 3886 3785 3727 3646HCLTECH EQ 979 964 952 946 940 934 926HDFC EQ 1358 1340 1322 1311 1303 1292 1285HDFCBANK EQ 1119 1110 1101 1095 1092 1087 1083HEROMOTOCO EQ 2762 2726 2689 2673 2653 2636 2616HINDALCO EQ 115 113 111 109 108 107 105HINDUNILVR EQ 927 920 912 909 905 902 897ICICIBANK EQ 322 318 314 312 310 308 306ITC EQ 331 328 326 324 323 322 320INDUSIND BANK EQ 1002 985 967 957 949 940 932INFY EQ 1159 1136 1114 1104 1091 1082 1069JINDALSTEL EQ 85 83 80 79 78 77 75KOTAKBANK EQ 736 726 716 710 706 700 696LT EQ 1915 1887 1859 1847 1832 1820 1804M&M EQ 1569 1516 1464 1435 1412 1383 1360MRF EQ 47353 46589 45825 45387 45061 44623 44297MARUTI EQ 4559 4520 4482 4459 444 4421 44056ONGC EQ 299 291 282 279 274 270265ORIENTBANK EQ 208 198 189 184 180 174 170RCOM EQ 77 76 75 74 73 72 71RELCAPITAL EQ 408 400 393 388 385 380 377RELIANCE EQ 1036 1019 1002 994 986 978 969RELINFRA EQ 458 446 433 427 420 414 408RPOWER EQ 47 46 45 44 43 42 41SBIN EQ 301 295 290 286 284 281 279SSLT( VEDL) EQ 136 134 131 130 129 128 127SUNPHARMA EQ 874 867 860 856 853 849 846TATAMOTORS EQ 423 411 400 395 389 384 377TATAPOWER EQ 73 72 71 70 69 68 67TATASTEEL EQ 273 269 265 263 261 259 257UNIONBANK EQ 230 224 218 214 212 208 206

TOP 15 ACHIEVERS // TOP 15 LOOSERS

1. GAIL - GAIL RECOVERD FROM THE LEVEL OF 327 AND MADE HIGH OF 338 . THIS WEEK IFIT CLOSES ABOVE 338 LEVEL THEN 345/348 LEVELS ARE POSSIBLE.

2. ZEEL - ZEEL CAN SHOW UPWARD MOMENTUM IF IT TREADES ABOVE 420 LEVEL AND428/433 LEVEL ARE POSSIBLE.

3. ALBK - IF ALBK BREAKS 92 LEVEL THEN IT CAN COME UPTO THE LEVEL OF 95 THISWEEK.

4. CROMPGREAVE - IF CROMPGREAV TREADES ABOVE 186 THEN IT MAY COME UPTO190/194 LEVEL THIS WEEK.

5. TATASTEEL - IF TATASTEEL BREAKS 235 LEVEL AND CLOSES BELOW THIS LEVEL THENDOWN MOMENTUM WILL CONTINE AND 228/225 LEVEL ARE POSSIBLE.

SR.NO SCRIPT NAME PREVCLOSE

CMP % CHANGE

1 TVS ELECTRONICS 70.15 113.55 +61.87

2 CHENNAI PETRO 179.20 240.25 +34.07

3 JUBILANT INDIST 169.90 201.15 +18.39

4 ARTI INDUS LTD 280.40 430.40 +13.23

5 BARDHAMAN TEXTI. 827.45 917.55 +10.89

6 DLF LTD 122.10 135.25 +10.77

7 GLENMARK PHARMA 1032 1134.35 +9.92

8 DIVIS LAB 1996.80 2182.95 +9.32

9 WOCHARDT LTD 1568.70 1710.10 +9.01

10 ADANI PORTS 339.85 396.75 +7.03

11 LUPIN LTD 1680.40 1793.45 +6.73

12 SUN PHARAM 841.90 897.70 +6.63

13 TCS 2547.15 2703.20 +6.13

14 TORRENT POWER 167.75 178.00 +6.11

15 INFOSYS 1086.35 1149.25 +5.79

SR.NO SCRIPT NAME PREV CLOSE CMP % CHANGE

1 AMTEK AUTO LTD 166.15 130.30 -21.58

2 POLYPLEX CORPN 298.45 234.10 -21.56

3 PUNJAB CHEM 266.70 212.45 -20.34

4 VEDANTA 129.30 106.50 -17.63

5 HINDALCO INDUS 109.55 91.85 -16.16

6 DCM LTD 119.65 100.50 -16.01

7 SHAKTI PUMPS 177.20 151.50 -14.50

8 RCOM 73.30 62.75 -14.39

9 JAIN IRRIGATION 75.60 64.75 -14.35

10 COZ & KINGS LTD 301.15 258.30 -14.23

11 MMTC LTD 50.10 45.10 -9.98

12 COAL INDIA LTD 414.70 375.60 -9.43

13 RELIACNE CAPITAL

382.55 348.45 -8.91

14 UNITECH LTD 7.80 7.15 -8.33

15 INDIAN OIL CORP 426.40 392 -8.07

CURRENCY MARKET

USDINR R2 R1 PP S1 S2

DAILY 66.40 65.65 65.25 64.85 64.05

WEEKLY R2 R1 PP S1 S269.50 66.40 64.85 63.30 62.20

MONTHLY R2 R1 PP S1 S269.60 66.45 64.85 63.25 62.15

EURINR R2 R1 PP S1 S2

DAILY 73.70 73.05 72.75 72.45 71.85

WEEKLY R2 R1 PP S1 S280.75 74.85 71.95 69.10 63.15

MONTHLY R2 R1 PP S1 S282.20 75.25 71.75 68.30 61.30

JPYINR R2 R1 PP S1 S2

DAILY 53.70 52.90 52.45 52.05 51.25

WEEKLY R2 R1 PP S1 S256.15 53.50 52.15 50.80 48.15

MONTHLY R2 R1 PP S1 S2 56.35 53.60 52.15 50.70 47.95

GBPINR R2 R1 PP S1 S2

DAILY 103.50 102.40 101.90 101.35 100.25

WEEKLY R2 R1 PP S1 S2110.85 104.25 100.95 97.65 91.05

MONTHLY R2 R1 PP S1 S2111.80 104.65 101.05 97.40 90.35

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK

✍ HDIL declines 1.5% despite Q1 net profit - Housing Development & Infrastructuredeclined 1.5 percent to Rs. 87.10 after the company reported consolidated net profit of Rs.59.24 crore in Q1FY16, as against Rs. 57.58 crore in a year ago period. The stock of thecompany closed at Rs. 87.05. The stock closed down 1.42% from its previous close which wasat Rs. 88.30. It hit a high at Rs. 90.60 and low at Rs. 86.40. The total traded quantity was 19.63lakh and two-week average quantity is 26.80 lakh..

✍ Sun TV Network slumps; Madras HC cancels Dayanidhi Maran's interim bail - SunTV Network slumped to a low of Rs. 319 following news report that the Madras High Courtcancelled former Union telecom minister Dayanidhi Maran's interim anticipatory bail in thecontroversial telephone exchange case and directed him to surrender before the Central Bureauof Investigation within three days. The stock recouped losses and ended a percent higher at Rs.345.

✍ Engineers India crashes 7% on weak earnings - Engineers India tumbled 6.5 percent toRs. 220 on the back of weak financial earnings for the first quarter ended June, 2015. Thecompany's net profit declined by 29.4 percent to Rs. 56.80 crore in Q1FY16 from Rs. 80.40crore in Q1FY15. The stock of the company closed at Rs. 220.35. The stock closed down6.51% from its previous close which was at Rs. 235.70. It hit a high at Rs. 231.10 and low atRs. 217.20. The total traded quantity was 1.73 lakh and low at Rs. 1.17 lakh.

✍ Tata Motors slips on plans to set-up new JLR plant - Tata Motors has slipped deeper intored in mid-noon deals amid reports that the company's European firm, Jaguar Land Rover(JLR) plans to invest up to 1 billion euros to set-up a new plant. According to media reports,the company has signed a letter of intent with the Slovakian government to build the factory inthe western city of Nitra, its first European production plant outside of the United Kingdom.JLR will invest around 1 billion euros in the new plant, which will have a capacity of 300,000cars per year. The stock so far has touched a low of Rs. 372, and is now trading with a loss of3.3 percent at Rs. 373. The counter has seen trades of around 1.6 million shares as against thetwo-week daily average volume of around 1.1 million shares on the BSE.

✍ DHFL to acquires 50% stake in Pramerica Asset Managers - Dewan Housing FinanceCorporation Ltd has now informed BSE that the Company has on August 11, 2015, acquired50% equity stake in Pramerica Asset Managers Private Limited , the asset managementcompany of Pramerica Mutual Fund; and Pramerica Trustees Private Limited, the trustee for thePramerica Mutual Fund, from PGLH of Delaware Inc. Accordingly, PAMC and PTC havebecome joint venture entities of Prudential and DHFL. At 1:26 PM, the stock of the company is

trading at Rs. 515. The stock is trading down 1% from its previous close which was at Rs. 521.It hit a high at Rs. 527 and low at Rs. 512. The total traded quantity is 57,000 and two-weekaverage quantity is 1.79 lakh.

✍ SBI Q1 Net Profit up 10.24% to Rs.3,692 cr - SBI has announced the following resultsfor the quarter ended June 30, 2015 The bank’s consolidated net profit increased by 5.96% toRs. 47136 crore in Q1FY16 from Rs. 44,482 crore in Q1FY15. The group’s total Income hasincreased by 3.80% to Rs. 6,29,275 crore for the quarter ended June 30,2015 from Rs. 6,06,209crore for the similar quarter of the previous year. Standalone net profit of SBI rose 10.2 per centto Rs 3692.43 crore in the first quarter of the ongoing financial year against Rs 3349.08 crore inthe corresponding quarter last year.

✍ Wockhardt advances on robust jump in Q1 consolidated net - Wockhardt advancednearly 2 percent to touch a high of Rs. 1,683 on the back of near six-fold jump in Q1consolidated net on a year-on-year basis. The pharma major's Q1FY16 consolidated net soaredto Rs. 114.20 crore when compared with Rs. 19.95 crore in Q1FY15. Total income was up 17.3percent at Rs. 1,179 crore from Rs. 1,005 crore. The stock is now up over a percent at Rs.1,671. The counter has seen trades of around 74,000 shares as against the two-week dailyaverage volume of around 193,000 shares on the BSE.

✍ Piramal Enterprises plans to hive off its critical care business - Piramal Enterprises isreportedly considering selling its highly profitable critical care business, which offers thefull-spectrum of inhalation anesthesia portfolio and has presence in over 100 countries. Thecritical care unit clocked revenue of Rs. 757 crore in FY15, and has grown at 18% over the lastfive years, according to reports. Critical care medicines are used in hospitals to treat seriouslyill patients in intensive care units. Piramal's portfolio comprises inhalation anesthetics likehalothane, isoflurane, haemaccel, desflurane and sevolflurane. Ajay Piramal-controlled Piramalhas presence in 6,000 hospitals across the world, according to its July 2015 investorpresentation, and its market share of the US$1.2bn global inhalation anesthesia market is at12%.

✍ UCO Bank Q1 net pofit at Rs. 256.7 crore - UCO Bank has announced the UnauditedStandalone results for the quarter ended June 30, 2015: The Bank has posted a net profit of Rs.256.7crore for the quarter ended June 30, 2015 as compared to Rs. 521.4 crore for the quarterended June 30, 2014. Total Income has decreased from Rs. 5,395.2 crore for the quarter endedJune 30, 2014 to Rs. 5,169.1 crore for the quarter ended June 30, 2015.

✍ Finolex Cables Q1 net profit zooms 39% to Rs.48 cr - Finolex Cables Ltd has announcedthe following Unaudited Standalone results for the quarter ended June 30, 2015 The Company

has posted a net profit of Rs. 48 crore for the quarter ended June 30, 2015 as compared to Rs.34.6 crore for the quarter ended June 30, 2014. Total Income has increased from Rs. 579.5crore for the quarter ended June 30, 2014 to Rs. 596.8 crore for the quarter ended June 30,2015.

✍ Tube Investments Q1 net profit up 6%, stands at Rs. 949.50 million - Tube Investmentsof India Ltd has announced the following results for the quarter ended June 30, 2015. TheGroup has posted a net profit of Rs. 949.50 million for the quarter ended June 30, 2015 ascompared to Rs. 895.20 million for the quarter ended June 30, 2014. Total Income hasincreased from Rs. 23,815.10 million for the quarter ended June 30, 2014 to Rs. 25,538.40million for the quarter ended June 30, 2015.

✍ Tata Power Q1 cons profit at Rs. 241 crore - Tata Power has posted a net profit after taxhas declined by 5.28% at Rs. 2424.20 million for the quarter ended June 30, 2015 as comparedto Rs. 2559.60 million for the quarter ended June 30, 2014. Total Income has decreased by3.08% at Rs. 24064.20 million for the quarter ended June 30, 2015, against Rs. 24831.30million for the corresponding quarter of the previous year. On a consolidated basis, the Grouphas posted a net profit at Rs. 2413.30 million for the quarter ended June 30, 2015 as comparedto net loss of Rs. 1113.00 million for the corresponding quarter of the previous year. Thegroup's total income has risen by 7.89% to Rs. 93400.10 million from Rs. 86568.20 million forthe similar quarter of the previous year.

✍ Lincoln Pharma jumps on launching a Cough Syrup - Lincoln Pharmaceuticals hasrallied 6 percent to hit a high at Rs. 122 on the BSE after launching a Cough Syrup calledNAMCOLD - DX. According to a release issued to the BSE, this is an extended release, aunique product of Novel Technology. The stock has now gained 3 percent at Rs. 119. The BSEcounter has seen trades of around 311,000 shares, as against two-week daily average volume of598,000 shares.

✍ Vedanta gets approvals to restart iron ore mining operations in Goa - Shares of VedantaLtd were trading flat at Rs. 129.80 on BSE today. The company has received the relevantconsent, license and approvals in place to commence the iron-ore mining operations in the Stateof Goa for some of its leases. The Company is likely to recommence operations from August10, 2015 at its biggest mine at Codli in Sanguem taluka in Goa. Further the company has beengranted approval for total extraction of 5.5 million metric tons of which Codli is 3.1 millionmetric tons. Till date, five mining plans and schemes for Company’s mines have been clearedby Indian Bureau of Mines and we are awaiting clearance of further 15 plans. Over the balancemonsoon period we anticipate receiving these approvals and expect a full scale resumption postmonsoon. The stock hit a high of Rs. 131 and a low of Rs. 129 on BSE today. Total tradedquantity on the counter stood at over 3.61 lk shares on BSE.

✍ Jaiprakash Associates tumbles on dismal Q1 performance - Jaiprakash Associatesslumped over 6.5 percent to a low of Rs. 11.12 in morning deals on the back of dismal Q1performance. Jaiprakash Associates' Q1FY16 net loss widened to Rs. 464.99 crore from Rs.80.61 crore in the corresponding quarter a year ago. Total income too declined over 20 percentto Rs. 2,405 crore from Rs. 3,042 crore. The stock continues to trade near the lows of the day atRs. 11.24, down 5.7 percent. The counter has seen trades of around 2.07 million shares asagainst the two-week daily average volume of around 5.47 million shares.

✍ PC Jeweller Q1 net profit climbs 18.5% to Rs. 82.5 - PC Jeweller  has announced thefollowing results for the quarter ended June 30, 2015. The company recorded a rise of 18.5% inits net profit at Rs. 82.5 crore for the quarter under review as compared to Rs. 69.6 crore forthe quarter ended June 30, 2014. The company's total income increased by 14.2% at Rs. 1,510.7crore for the quarter under review from Rs. 1,323 crore for the corresponding quarter of theprevious year. EBITDA, however, rose by 9% to Rs. 161 crore from Rs. 147 crore.

✍ Coal India slips 1.3% post Q1 results - Coal India is trading on a slippery note a day afterthe company announced its Q1 results. The company's Q1 consolidated net declined by 6.7percent to Rs. 3,764 crore when compared with Rs. 4,033 crore in the corresponding quarter ayear ago. Total income, however, rose by almost 5 percent to Rs. 20,965 crore from Rs. 19,980crore. According to reports, the government will be offloading 10% equity stake in thecompany through a public offer, as a part of its divestment scheme. The stock had jumped to ahigh of Rs. 376, from where it tumbled to a low of Rs. 365 - down almost 3 percent in intra-daydeals. The stock is now down 1.2 percent at Rs. 367. The counter has seen trades of around142,000 shares as against the two-week daily average volume of around 449,000 shares on theBSE.

✍ Aurobindo Pharma Q1 net profit climbs 4.1% at Rs. 432 crore - Aurobindo Pharma hasannounced the following results for the quarter ended June 30, 2015. The pharma companyrecorded a rise of 4.1% in its net profit at Rs. 432 crore for the quarter ended June 30, 2015where as the same was at Rs. 415 crore for the quarter ended June 30, 2014.The company'stotal income increased is Rs. 3,349.5 crore for the quarter ended June 30, 2015 where as thesame was at Rs. 2,921.9 crore for the quarter ended June 30, 2014. During the previous year, onDecember 4, 2014, Company's USA subsidiary Aurobindo Pharma USA Inc. has acquiredNatrol LLC, USA. The above Consolidated results for the quarter ended June 30, 2015 and forthe quarter ended and year ended March 31, 2015 Includes financial results of operations ofNatrol LLC, USA from December 4, 2014. The corresponding figures of the quarter ended June30, 2014 are not comparable. Commenting on the Company’s performance,N. Govindarajan,Managing Director of the company said, “We are pleased to initiate the year with broad basedgrowth across most business verticals. We continue on our efforts towards higher degree ofdifferentiation including specialty generics and active pharmaceutical”

✍ IDBI Bank reports 27% rise in Q1 net profit - IDBI Bank has reported results for thequarter ended June 30, 2015. The bank’s net profit for the rose by 27.32% at Rs. 1351.80million as compared to Rs. 1061.70 million for the quarter ended June 30, 2014. Thecompany’s total Income has increased by 9.27% at Rs. 79033.70 million for the quarter underreview from Rs. 72327.30 million for the quarter ended June 30, 2014. The bank’s scrip iscurrently trading at Rs. 62.85, down by 2.15 points or 3.31 % from its previous closing of Rs.65.00 on the BSE. The scrip opened at Rs. 65.00 and has touched a high and low of Rs. 65.50and Rs. 62.40 respectively. So far 382119 shares were traded on the counter. The BSE group 'A'stock of face value Rs. 10 has touched a 52 week high of Rs. 84.80 on 17-Apr-2015 and a 52week low of Rs. 58.50 on 28-Jul-2015. Last one week high and low of the scrip stood at Rs.69.40 and Rs. 64.60 respectively. The current market cap of the company is Rs. 10137.01 crore.

✍ Wockhardt Q1 net profit at Rs. 114.2 crore - Wockhardt Ltd has posted a net profit aftertaxes, minority interest & share of profit of associates of Rs. 1,142 mn for the quarter endedJune 30, 2015 as compared to Rs. 199.50 million for the quarter ended June 30, 2014. TotalIncome has increased from Rs. 10,051.80 million for the quarter ended June 30, 2014 to Rs.11,794.10 mn for the quarter ended June 30, 2015.

✍ Titagarh Wagons Q1 net profit up 17.6% - Titagarh Wagons has announced the followingresults for the quarter ended June 30, 2015. The company recorded a rise of 17.6% in its netprofit at Rs. 4 crore as compared to Rs. 3.4 crore for the quarter ended June 30, 2014. Thecompany's total income increased by 8% at Rs. 166.7 crore for the quarter under review fromRs. 154.4 crore for the quarter ended June 30, 2014.

✍ Apollo Tyres rallies after Q1 profit jumps 27.5% - Apollo Tyres rallied 2.2 percent to Rs.187 after the company's Q1FY16 net profit jumped by 27.5 percent to Rs. 290.59 crore fromRs. 227.94 crore. The company's board has approved a proposal to raise up to Rs. 2,000 crorefor meeting its capex requirements. Sales declined 7.41% to Rs 2124.14 crore in the quarterended June 2015 as against Rs 2294.06 crore during the previous quarter ended June 2014. Thestock has hit a high of Rs. 189.30 and low of Rs. 180.90. Around 6.81 lakh shares have beenregistered on the counter against two weeks average quantity of 6.98 lakh shares.

✍ ICICI Bank cuts interest rates on bulk deposits by up to 25 bps - ICICI Bank todayreduced interest rates on bulk deposits by up to 25 bps, as per media reports. Yesterday, thebank has cut home loan rates for rural borrowers to 9.7%. At 1:04 PM, the stock of thecompany is trading at Rs. 294. The stock is trading down 2.6% from its previous close whichwas at Rs. 302. It hit a high at Rs. 301 and low at Rs. 293. The total traded quantity is 473,000and two-week average quantity is 12.39 lakh.

Top Economy news

Captive power producers have opposed the proposal of Coal Ministry to do away with coallinkages for such units. The Indian Captive Power Producers' Association feels this retrogadestep will blunt the competitive edge of CPP based industries that have grounded hugeinvestments in the last two decades.

Government has capped the subsidy payout on kerosene at Rs. 12 per litre and domesticcooking gas at Rs. 18 per kg, Oil Minister Dharmendra Pradhan said.

Suresh Prabhu launched new train services in the Northeast after the completion of NorthLakhimpur - Murkongselek and Balipara- Bhalukpong sections into broad-gauge. Highlightingthe ongoing capacity augmentation in the region, Prabhu further said 13 new lines, 3 GaugeConversion and 4 Doubling projects with balance fund requirement of Rs370bn have beentaken up in Northeast. These projects on completion will augment network by 1915 km.

Government has invested Rs. 4.85tn in big infrastructure projects, costing over Rs. 1.50 bn, asof June 1 in the current fiscal.

The government will impose an import duty of 10% on wheat effective until March 31 nextyear, Finance Minister Arun Jaitley told Parliament, reinstating tariffs after a gap of eight yearsfollowing big purchases in recent months.

The government is examining a request to double the import duty on aluminium to 10%, thecountry's trade minister said.

Index of Industrial Production for the month of June rose to 3.8% versus 2.7%month-on-month. The Indices of Industrial Production for the Mining, Manufacturing andElectricity sectors for the month of June 2015 stand at 121.7, 188.4 and 184.0 respectively, withthe corresponding growth rates of -0.3%, 4.6% and 1.3% as compared to June 2014.

The annual consumer price inflation slowed down to 3.78% in July, its lowest level on record,according to government data.

In the wake of steep decline in Yuan, Indian engineering exports will further losecompetitiveness against the Chinese goods, Engineering Exports Promotion Council Chairmansaid in a statement.

A day after the devaluation of the Chinese currency, the Government has raised the import dutyon selective steel products by 2.5%. This is the second increase within two months. Earlier, inJune, the Government raised the import duty on selective steel items. The duty was raised aftera continuous increase of cheap imports from China.

Andhra Pradesh Chief Minister N Chandrababu Naidu will unveil the 'Smart Village' projectwhich will be undertaken in Krishna district.

Bolstering case for rate cut in September, Retail inflation as measured by the consumer price index slowed to 3.78% year-on-year in July compared to 5.40% in June and also way lower than street expectation of figure above 4.50%.

The IIP for the month of June 2015 stands at 178.5, which is 3.8% higher as compared to the level in the month of June 2014. The cumulative growth for the period April-June 2015-16 overthe corresponding period of the previous year stands at 3.2%.

Government said it is committed to pursuing subsidy reforms by efficient targeting of subsidiesto the poor and needy while saving the 'scarce financial resources' for infrastructure and development needs. Stating that it was essential to gradually reduce expenditure on subsidy through reforms to meet fiscal deficit targets, Finance Minister Arun Jaitey also said that the Seventh Pay Commission award "poses a risk".

Narendra Modi Government finally managed to table the Constitution Amendment Bill for theGoods & Services Tax in the Rajya Sabha. But, pandemonium in the House prevented it frombeing taken up.

The government has decided to boost ethanol production by making 10% blending with petrolmandatory from the next year starting October 2015 in its efforts to resolve the sugarimbroglio.

The government is working on a proposal to raise minimum wages of workers, a top LabourMinistry official said.

Indirect Tax Revenue collections have increased from Rs 40,802 crore in July, 2014 to Rs.56,739 crore during July, 2015. Thus an increase of 39.1% has been registered duringJuly-2015 over the corresponding period in the previous year. This is an achievement of 32.6 %of the target fixed for BE 2015-16 i.e. Rs. 646267 crore.

Government proposes to infuse Rs 70,000 crore in public sector banks in four years frombudgetary allocations, Finance Minister Arun Jaitley said.

Government moved for consideration of Rajya Sabha the Constitution amendment bill forintroduction of GST but a debate on it was blocked by a vociferous Congress which raisedprocedural issues.

With good rainfall this monsoon season, Rajasthan is likely to have bumper kharif cropproduction as the sowing was done in 144 lakh hectare area so far as against a target of 157lakh hectare in 2015, a statistical report of agriculture department said.

The four Gujarat state power distribution utilities have for a third year in a row emerged as topperformers in the country.

Government has capped the subsidy payout on kerosene at Rs. 12 per litre and domesticcooking gas at Rs. 18 per kg, Oil Minister Dharmendra Pradhan said.

Top Corporate News

Indian Oil Corporation Ltd is expecting its new liquefied natural gas receiving terminal atEnnore, Tamil Nadu in joint venture with Tamil Nadu Industrial Development Corporation tobe ready by 2018.

Jet Airways announced special fares, offering its customers a flat 30% discount on base faresfor all classes of travel--first, business and economy-- to celebrate the country's 69thIndependence Day.

Sadbhav Engineering said it has won bids for two NHAI projects worth Rs15.57bn. Thecompany said it will develop sections of the six-lane Eastern Peripheral Expressway in Haryanaand Uttar Pradesh.

Voltamp Transformers Ltd said that contract workers have withdrawn their protest and areback to work at the company’s Vadadala plant in Gujarat’s Vadodara district.

Vedanta said it has received necessary government approval and will resume operations fromat its biggest iron ore mine at Codli in Sanguem taluka in Goa.

Tata Motors’ JLR will launch the new Discovery Sport in India on September 2, 2015 andretailers are now accepting bookings for the premium SUV.

Hindustan Petroleum Corporation Limited has launched eco-friendly Bio-Diesel BlendedDiesel B5 HSD in New Delhi, Visakhapatnam and Hyderabad.

Bharti Airtel said it has reduced rates of its home broadband plans by up to 30% for all newactivations as the company won't be charging any premium for higher speed.

GAIL India Ltd will hold stake in the four-nation company being set up to build theTurkmenistan-Afghanistan-Pakistan-India gas pipeline as global firms have so far shunned the

USD7.6bn project.

ICICI Bank said it would charge small ticket home loan at its base rate- which now stands at9.70%. The bank said that under the new scheme - ICICI- Saral Rural Housing Loan- loans canbe availed by rural women between Rs0.5mn and Rs1.5mn for which the bank will charge afloating rate home loan of 9.70%.

Tata Motors owned Jaguar Land Rover has signed a letter of intent with the government of theSlovak Republic for setting up a manufacturing plant in the city of Nitra in western Slovakia.

Indian Oil Corporation, is on the government agenda for disinvestment. With petrol anddiesel prices now market linked and crude oil prices at historic lows, not only the company’sborrowings have come down by 35%, it is looking up to exceeding its capital expenditure.

The Great Eastern Shipping Company said it has signed a contract to sell a new KamsarmaxDry Bulk Carrier "Jag Aakash".

Delays in getting necessary approvals for a new green field manufacturing plant in Gujarat willlikely cost car market leader Maruti Suzuki the next year. Manufacturing capacity in Gurgaonand Manesar will be fully utilised next year, and the company needs new capacity.

Allied Blenders & Distillers is said to have cancelled its plan to acquire stake in TilaknagarIndustries.

Apollo Tyres plans to spend Rs12bn to increase the truck and bus radial tyre capacity at theChennai plant from 8,900 tyres a day to 12,000 tyres a day. The company informed the stockexchanges that its board of directors, at a meeting, approved raising Rs20bn in debt to meet thecapital expenditure requirements and proposed expansions at Chennai and Kalamassery(Kerala) plants.

IL&FS Transportation Networks said that its subsidiary has signed a concession agreementwith the Jharkhand Government for the development of six-laning of Ranchi Ring Road at anestimated cost of Rs5.87bn.

Shree Uttam Steel and Power and South Korean steel giant Posco have signed an agreementto set up a three million tonne per annum integrated steel manufacturing company inMaharashtra, with an investment of USD3bn.

House of Spices, importer of Nestle products from India, said that the US Food and DrugAdministration has given a clean chit to Maggi Noodles.

Lanco Infratech Ltd has declared the first unit of 371 MW of third phase of Lanco KondapalliPower Ltd near Vijayawada as commercially ready for operation.

Power Grid Corporation is likely to soon raise another Rs30bn under its second round of fundraising plan through domestic bonds to meet working capital expenditure.

Operationalising of Codli mine in Goa may add Rs6.16bn to Vedanta’s topline in the currentfinancial year. The Codli mine has an annual production cap of 3.1 MTPA, which is over 60%of the stipulated cap for Vedanta (5.5 million tonnes). Iron ore mining was re-started on this

mine, which marked resumption of mineral excavation in Goa after three years. The mine hastotal estimated reserves of 70 million tonnes.

SAIL is planning to buy a 51% stake in Odisha government-run pig iron producer IDCOLKalinga Iron Works (IKIWL). IKIWL is producing foundry grade pig iron with installedcapacity of 0.18mn tonnes having four low shaft blast furnaces and is supplemented with thecaptive power plant of 16 MW capacity.

IndusInd Bank has raised Rs50.8bn by issuing 60mn new shares via QIP and preferentialissuances. The raised capital will be used to support bank's growth and also augment totalcapital adequacy ratio.

The slowdown in the infrastructure sector had made Srei Infrastructure Finance to look forscaling up acquisition of infra projects, which have run into troubled waters but have potentialfor revival.

Adani Power has got shareholders' approval to raise up to Rs 100bn through issuance ofshares, bonds or other securities, including for investments in various businesses.

Dr Reddy’s Laboratories Ltd has launched Pramipexole dihydrochloride extended-releasetablets in the US market. The drug is a therapeutic equivalent generic version of Mirapex ERextended-release tablets. The Mirapex ER brand and generic had U.S. sales of approximatelyUSD48.3mn for the most recent twelve months ending in June 2015 according to IMS Health.

Tata DoCoMo is scaling up its network across Kerala with additional 300+ towers as part of its3G network expansion plan by covering all major towns and district headquarters, TataTeleservices Ltd said. In addition to the current expansion plans, the company has also sprucedup its distribution channel by adding 128 distributors and 17,000 retail touch points and 50advanced branded retail stores.

Tata Steel will be taking a strategic decision regarding the UK long product division in the nextfour-five months.

Apollo Hospitals Group is restructuring its retail business by launching a new business unitunder its wholly-owned subsidiary Apollo Health and Lifestyle Limited for secondaryhealthcare services. It is also planning to raise funds from investors, including private equity

firms, who will pick up stakes in AHLL to back its Rs2-3bn capex in next three years,according to senior officials from the Group.

Government will sell 10% stake in Coal India through a public offer, which could fetch aboutRs234bn to the exchequer.

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