STOCKS ALERT (19.03.2013)



* CADILA HEALTHCARE: May soon launch an indigenously developed molecule for diabetes dyslipidemia, which is expected to be called Saroglitizar.

* CENTRAL BANK OF INDIA : Shareholders have approved issuing 308.46 mln shares at 78.00 rupees each to the government on a preferential basis.

* COAL INDIA: May cut prices of top grades of thermal coal with calorific value of over 6,100 kilocalories per kg.

* FLEXITUFF INTERNATIONAL: Has issued foreign currency convertible bonds for subscription and is expecting to raise up to $25 mln.

* GLENMARK PHARMACEUTICALS: Is recalling from the US market multiple lots of Montelukast Sodium tablets (10mg) used for treating chronic asthma and prophylaxis.

* LARSEN & TOUBRO: Its joint venture with Mitsubishi Heavy Industries is evaluating acquisition of power generating equipment manufacturing units set up jointly by BGR ENERGY SYSTEMS and Hitachi Power Europe.

* LIBERTY SHOES: Board has approved organisational restructuring of the company.

* MOTHERSON SUMI SYSTEMS: Has shelved its plan to raise funds just before an extraordinary general meeting.

* NTPC: Has put forth two new demands concerning the acceptable quality of coal and losses during transport under new fuel supply agreements with COAL INDIA .

* OIL AND NATURAL GAS CORP: Planning commission has revived a proposal to hive off ONGC Videsh, and list it on domestic and overseas bourses.

* PANTALOON RETAIL INDIA: Future Group has shelved plan to sell stake in some retail formats after it managed to halve its debt by selling Pantaloon Format and non-retail businesses.

* PUDUMJEE PULP & PAPER MILLS: Produced 1,740 tn paper in February.

* RUBY MILLS: Workers at the company's Dhamni plant have called off strike on Mar 16 and normal operations have been restored.

* STEEL AUTHORITY OF INDIA : The Empowered Group of Ministers will meet Tuesday to decide the floor price of the company's offer for sale.

* STURDY INDUSTRIES: Board has resolved to seek the consent of shareholders for allotment of 10 mln convertible warrants.

* VISA STEEL: SunCoke Energy and the company have formed a joint venture company--VISA SunCoke--which takes over the already operational 400,000 tn heat recovery coke plant at Kalingnagar in Odisha.



* CADILA HEALTHCARE: May soon launch an indigenously developed molecule for diabetes dyslipidemia, which is expected to be called Saroglitizar.

* CENTRAL BANK OF INDIA : Shareholders have approved issuing 308.46 mln shares at 78.00 rupees each to the government on a preferential basis.

* COAL INDIA: May cut prices of top grades of thermal coal with calorific value of over 6,100 kilocalories per kg.

* FLEXITUFF INTERNATIONAL: Has issued foreign currency convertible bonds for subscription and is expecting to raise up to $25 mln.

* GLENMARK PHARMACEUTICALS: Is recalling from the US market multiple lots of Montelukast Sodium tablets (10mg) used for treating chronic asthma and prophylaxis.

* LARSEN & TOUBRO: Its joint venture with Mitsubishi Heavy Industries is evaluating acquisition of power generating equipment manufacturing units set up jointly by BGR ENERGY SYSTEMS and Hitachi Power Europe.

* LIBERTY SHOES: Board has approved organisational restructuring of the company.

* MOTHERSON SUMI SYSTEMS: Has shelved its plan to raise funds just before an extraordinary general meeting.

* NTPC: Has put forth two new demands concerning the acceptable quality of coal and losses during transport under new fuel supply agreements with COAL INDIA .

* OIL AND NATURAL GAS CORP: Planning commission has revived a proposal to hive off ONGC Videsh, and list it on domestic and overseas bourses.

* PANTALOON RETAIL INDIA: Future Group has shelved plan to sell stake in some retail formats after it managed to halve its debt by selling Pantaloon Format and non-retail businesses.

* PUDUMJEE PULP & PAPER MILLS: Produced 1,740 tn paper in February.

* RUBY MILLS: Workers at the company's Dhamni plant have called off strike on Mar 16 and normal operations have been restored.

* STEEL AUTHORITY OF INDIA : The Empowered Group of Ministers will meet Tuesday to decide the floor price of the company's offer for sale.

* STURDY INDUSTRIES: Board has resolved to seek the consent of shareholders for allotment of 10 mln convertible warrants.

* VISA STEEL: SunCoke Energy and the company have formed a joint venture company--VISA SunCoke--which takes over the already operational 400,000 tn heat recovery coke plant at Kalingnagar in Odisha

SECTORS ALERT (19.03.2013)

* AVIATION: Maharashtra Government has decided to review compensation offered to buy remaining land for Navi Mumbai airport project, delaying the airport's development.

* BANKING: Standard & Poor's Ratings Services said Indian banks may require to raise additional capital of up to 2.6 trln rupees by 2018 to meet Basel III norms. INFRASTRUCTURE DEVELOPMENT FINANCE CO and INDIA INFOLINE may seek licenses to run banks.

* CONGLOMERATE: Tata Group plans to expand in Africa , and expects its revenue from that continent to grow by 30% every year from the current level of $2.3 bln.

* ECONOMY: The government will borrow 3.49 trln rupees through dated securities in Apr-Sep, the first half of 2013-14 (Apr-Mar). The government plans to issue inflation indexed bonds of up to 200 bln rupees in Apr-Sep.

* ENERGY: State-owned oil-marketing companies are likely to lose 4.07 bln rupees per day on subsidised sale of fuels in the current fortnight ending Mar 31, down from 4.32 bln rupees in the previous fortnight. Government has set up a panel headed by economist Vijay Kelkar to prepare a roadmap for enhancing domestic production of oil and gas so as to substantially reduce the country's dependence on imports by 2030.

* EXPORTS: Exporters claim the government has not paid back around 20 bln rupees to them since January under an incentive scheme in its desperation to meet the fiscal deficit aim.

* GOVERNMENT: Government's direct cash transfer scheme has hit a roadblock as implementing departments and banks are yet to ensure seamless transfer.

* HOSPITALITY: Manipal Group plans to spend 10 bln rupees to launch a chain of branded youth hostels that will provide premium living facilities to students on campuses.

* METALS: Brazilian Steelmaker Gerdau has said it is looking for more acquisitions in India , after it announced it now holds 99% stake in its joint venture with Kalyani Steels.

* OIL & GAS: Gujarat State Petroleum Corp plans to begin gas production from Deen Dayal-West gas fields in the Krishna Godavari basin soon.

* POWER: The private sector has achieved 125% of 7,250-MW capacity addition aim for 2012-13 (Apr-Mar) and is contributing over half of the now-exceeded target for capacity addition in the power industry.

* REAL ESTATE: GLAXOSMITHKLINE PHARMACEUTICALS and Citibank have put up for sale an apartment block in Mumbai's Altamount Road that the companies jointly own.

* REGULATORY: SEBI has revised the process of arbitration in matters related to stock exchanges and its trading members. Reserve Bank of India has widened its probe into AXIS BANK, ICICI BANK and HDFC BANK to include wealth management and sale of gold coins at all active banks.

- Law ministry has endorsed actions of Transfer Pricing Officers who have sought to question the pricing of shares issued by Indian arms of multinational firms.

* TELECOM: Supreme Court has asked CBI, Enforcement Directorate, and Income Tax Department to submit their replies on the comments made by the Central Vigilance Commission on the status report of probe into the 2G spectrum case.