TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

NIFTY FIFTY : The market has opened on a strong note Monday. The Nifty is up 51
points or 0.7 percent at 7561. Equity benchmarks remained strong in morning trade
following positive global cues. as traders began to take a more positive view of the
European Central Bank's monetary policy decision last week. The India's industrial output
during January contracted, The Government is hopeful of passing the GST bill in the
second half of the budget session, Reserve Bank Governor Raghuram Rajan said the
economy is recovering, but the process of recovery is volatile. The European Central
Bank's decision to expand its balance sheet is a welcome move and would fuel a shortterm rally in equity markets across the globe. The Federal Reserve decision on Wednesday
to hold rates steady and pencil in fewer rate hikes reflects a central bank feeling its way
through tremendous uncertainty. Now the focus will shift to local issues such as earnings,
corporate performance, RBI april policy move, The domestic risk of environment right
now has become normal and neutral environment and may be now we will start seeing
some money flows towards emerging market. The crucial levels for Nifty is 7480-7300
downside and 7670-7860 is Upside.

BANK NIFTY : - The Bank Nifty opened higher on Monday at 15309 up by 141 points
or 0.97 per cent . The rally in the Bank Nifty come from some announcement in favour of
the Banking Industry. The Federal Reserve and Bank of Japan decided to keep their
monetary policy steady rather than increasing its firepower. Traders and speculators in the
futures market have started initiating fresh long positions on Nifty Bank, ahead of RBI's
money policy review.The Reserve Bank of India April policy move can be positive for the
market there is a possibility of rate cut by RBI so rally in Bank Nifty will be continue ,
The Resistance for Bank Nifty is 15806-16230 and Support for Bank Nifty is 1537614940.

Monday, 21 March 2016

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )

NIFTY
DAILY

WEEKLY

MONTHLY

R2

R1

PP

S1

S2

7864

7674

7579

7484

7294

R2

R1

PP

S1

S2

8166

7750

7542

7334

6918

R2

R1

PP

S1

S2

9142

7992

7797

6842

5692

R2

R1

PP

S1

S2

16236

15806

15591

15376

14946

R2

R1

PP

S1

S2

17076

16030

15507

14984

10239

R2

R1

PP

S1

S2

19040

16276

14894

13512

10748

BANK NIFTY
DAILY

WEEKLY

MONTHLY

MOVING AVERAGE

21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

7355

7365

7623

7923

BANK NIFTY

14839

14973

15981

16961

PARABOLIC SAR

DAILY

WEEKLY

MONTHLY

NIFTY

7399

6823

8083

BANK NIFTY

14916

15950

18608

PATTERN FORMATION ( NIFTY )

Detail of Chart On the Above given weekly chart of Bank Nifty applied Parabolic SAR and with channel
line it is also made the support level in up trend pattern which is the crucial trend reversal
signal, Nifty is around its strongest Support and rel. The parabolic SAR is also near the
price value of the stock we are expecting that if the Nifty is able to sustain the levelof
7550 we may witnesssed the rally toward the Bull movement it may toch the level of
7680-7750 and not breaking the level of crucial Support of 7500 that will be head toward
the bull on the other hand if it is not Sustaing the support level we may witness the bear
movement of the index and can break the level of 7400-7360 which is the strongest
support for the Nifty.

PATTERN FORMATION ( BANK NIFTY )

Details of ChartOn the Above given weekly chart of Bank Nifty applied Parabolic SAR and with channel
line it is also made the rising wedge pattern which is the crucial trend reversal signal, the
Bank Nifty is around its crucial Support and resistance level. The parabolic SAR is also
near the price value of the stock we are expecting that if the Bank Nifty is able to sustain
the 15600 level and not breaking the level of crucial Support of 15500 that will be head
toward the bull on the other hand if it is not Sustaing the support level we may witness
the bear movement of the index and can break the level of 15000 which is the strong
support for bank Nifty.

NSE EQUITY DAILY LEVELS

COMPANY NAME
ACC
ALBK
AMBUJACEM
ASIAN PAINT
AXISBANK
BAJAJ-AUTO
BANKBARODA
BANKINDIA
BHEL
BHARTIARTL
CIPLA
COALINDIA
DLF
DRREDDY
GAIL
GRASIM
HCLTECH
HDFC
HDFCBANK
HEROMOTOCO
HINDALCO
HINDUNILVR
ICICIBANK
ITC
INDUSIND BANK
INFY
JINDALSTEL
KOTAKBANK
LT
M&M
MRF
MARUTI
ONGC
ORIENTBANK
RCOM
RELCAPITAL
RELIANCE
RELINFRA
RPOWER
SBIN
SSLT( VEDL)
SUNPHARMA
TATAMOTORS
TATAPOWER
TATASTEEL
UNIONBANK

EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ

R2

R1

PP

S1

S2

1379
55
227
889
442
2332
146
99
116
352
538
301
110
3235
374
3732
835
1151
1042
2866
88
859
234
328
953
1221
62
667
1211
1247
35382
3701
217
95
54
372
1037
514
48
195
95
834
371
59
307
130

1358
54
225
882
439
2316
145
98
114
348
533
299
109
3199
368
3694
829
1140
1035
2847
86
852
231
326
942
1205
61
662
1205
1234
35065
3662
216
93
53
369
1033
511
47
194
94
829
368
58
305
130

1319
53
220
871
434
2292
143
96
113
344
525
296
107
3143
360
3667
822
1122
1025
2820
84
845
229
324
922
1184
60
655
1198
1215
34483
3609
215
92
53
367
1028
508
47
194
92
825
367
58
303
129

1298
52
218
864
431
2252
142
95
111
340
520
294
105
3107
354
3602
816
1111
1018
2801
83
838
226
322
911
1168
60
650
1192
1202
34166
3570
214
90
52
364
1024
505
46
193
91
820
364
58
301
128

1259
51
213
853
426
2172
140
94
110
336
512
291
103
3051
346
3472
809
1093
1008
2774
81
831
224
320
891
1147
58
643
1185
1183
33584
3517
213
89
51
362
1019
502
45
192
89
816
363
57
299
127

TOP 15 ACHIEVERS

SR.NO

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

PREV
CLOSE

SCRIPT NAME

CMP

//

201

225

+ 11.74 %

CAIRN INDIA LTD.

140

156

+ 11.13 %

ACC

1230

1361

+ 10.69 %

BHARAT PETRO

794

874

+ 10.14 %

ICICI BANK

215

232

+ 7.77 %

BHEL

104

112

+ 7.33 %

SBI

180

193

+ 7.37 %

GAIL INDIA LTD.

341

364

+ 6.61 %

AXIS BANK LTD.

413

439

+ 6.53 %

ULTRACEMCO

2997

3189

+ 6.38 %

BOSCH LTD,

17878

19001

+ 6.28 %

TECH MAHINDRA

466

492

+ 5.70 %

ADANI PORTS

226

238

+ 5.38 %

TATA MOTORS LTD

349

366

+ 5.24 %

ONGC

205

215

+ 4.46 %

NEXT WEEK
PRIDICTION )
NSE FUTURE

STARS

SR.NO

% CHANGE

AMBUJA CEMENT

AS

TOP 15 LOOSERS

LUPIN LTD.

PREV CLOSE

CMP

1820

1531

321

296

% CHANGE

-15.92 %

1.
11+2.11+3.11+4.
C112+5.
C11
A45 A45 A45 A45 A45
I 061I 061I 061I 061I 06
3
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6.
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B784.+N
B78
10.
H971H971H971H971H97
IA443
I
3
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3
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1A441A441A441IA44
5
N
R 0N
R 0N
R 0N
R 0N
R
D
A11%
.D
A11%
.D
A11%
.D
A11%
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B
+
B
+
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+
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+
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6
IH
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T011H
T011H
T011H
T011IH
T01
A
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A
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4E427
4E427
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T 3T 3T 3T 83T
46 46 46 46 46
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D D D A
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6 236
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L L L L L
986 986 986 986 98
% % % 11
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IT79. IT79. IT79. IT79. IT79
3T44+
3T44+
3T44+
3 44
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4
4
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R N
R R R 12T
R
N
698 698N698N698N69
E
E
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D625A
D625A
D625A
D62
D62
%C .%C .%C 13
%C
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H33+T
H33
H33
14
E
A460E
A460E
A460E
A460E
A46
A A A A A
965M965M965M965M96
M
% .%T 15
T
.%T
.%T
M
M .T
M M
M
C
L 2C
L 2C
L 2C
L 2C
L
A
A
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A
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A
4
4
4
4
O
T O
T O
T O
T O
T
H H H H H
D %D %D %D %D
M
M
M
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O
N O
N O
N O
N O
N
T D
T D
T D
T D
T
D

PER

SCRIPT NAME

CCOAL
C INDIA
C LTD.

-7.99 %
SUN PHARMA

865

825

BASIAN
B PAINTS
B

894

862

IDEA CELLULAR

104

102

DR REDDY LABS

3184

3130

HDFC

1153

1140

ZEEL

391

388

BAJAJ AUTO LTD.

2324

2307

CIPLA

533

531

TATA POWER CO.

58.90

58.70

MARUTI SUZUKI

3627

3618

M&M

1226

1223

INDUSIND BANK

927

925

HERO MOTOCORP

2818

2809

-4.57 %
-3.60 %
-2.20 %
-1.70 %
-1.08 %
-0.86 %
-0.74 %
-0.37 %
-0.34 %
-0.25 %
-0.20 %

TECHNICAL

O
O O
O O
R R
R R
R
R
R R
R
A R
A A
A A
S S S S S

D D

0.20 %
-0.11 %

ANALYSIS

PCJEWELLER FUTRUE : SELL PCJEWELLER FUT BELOW 341 TGT 334.50 SL 344.50

ONGC FUTURE : SELL ONGC FUTURE BELOW 214.40 TGT 209.40 SL 215.90

IDBI FUTURE : BUY IDBI FUTURE ABOVE 71.30 TGT 73.30 SL 70.80

CEAT LTD FUTURE : BUY CEATLTD FUTURE ABOVE 1125 TGT 1135 SL 1120

AUROPHARMA FUTURE : BUY AUROPHARMA FUTURE ABOVE 740 TGT 750 SL 735

1 2- 2 2- 3 2- 4C 2- 5
C2
O397O397O397O397O39
A26. A26. A26. A26. A26
L1 9L1 9L1 9L1 9L1
A88-9A
I 88-9A
I 88-9A
I 88-9A
I 88
SI 963SN963SN963SN963SN96
IN42.%ID42.%ID42.%ID42.%ID42
A
D 6A
I 6A
I 6A
I 6A
I
D
N
N
N
N
N
I 33-0D
A33-0D
A33-0D
A33-0D
A33
R
A111R111R111R111R11
P83.%P
L83.%P
L83.%P
L83.%P
L83
R
A
A
A
A
A
L407R
T407R
T407R
T407R
T40
ZEIT33-0ZEID33-0ZEID33-0ZEID33-0ZEID33
ED
N
N
N
N
N
. 980ED
. 980ED
. 980ED
. 98
D980ED
T18.%ED
T18.%ED
T18.%ED
T18.%ED
T18
.ED
LY
S 8LY
S 8LY
S 8LY
S 8LY
S
C55-6C55-6C55-6C55-6C55
IL330IL330IL330IL330IL33
P
A31.%P
A31.%P
A31.%P
A31.%P
A31
LB 3LB 3LB 3LB 3LB
M
A
A
A
A
A
S33-7M
S33-7M
S33-7M
S33-7M
S33
A660A660A660A660A66
R21.%R21.%R21.%R21.%R21
U782U782U782U782U78
IT990
5IT990
5IT990
5IT990
5IT99
N
I 22. N
I 22. N
I 22. N
I 22. N
I 22
D
S752
%D
S752
%D
S752
%D
S752
%D
S75
U 0U 0U 0U 0U
SZ SZ SZ SZ SZ
IU %IU %IU %IU %IU
N
K N
K N
K N
K N
K
D
I D
I D
I D
I D
I
B
A
N
K

B
A
N
K

B
A
N
K

B
A
N
K

B
A
N
K

NSE CASH
CROMPTONGREAVS NSE CASH : LONGPOSITION CAN BE MADE IN CROMPTONGREAVS
ABOVE 53.50 TGT OF 58.50 AND SL OF 51.80.

PRESTIGE NSE CASH : LONG POSITIONS CAN BE MADE ABOVE 155 FOR TGT OF 170 AND
SL OF 149

SREINFRA NSE CASH : LONG POSITION CAN BE MADE IN SREINFRA ABOVE 56.25 FOR TGT
AND SL OF 62 AND 54.20 RESPECTIVELY.

RENUKA NSE CASH : LONG POSITION CAN BE MADE INRENUKA ABOVE 15.65 FOR TGT
AND SL OF 17.25 AND 15.05 RESPECTIVELY.

NCC NSE CASH : LONG POSITION CAN BE MADE IN NCC ABOVE 75.50 FOR TGT AND SL OF
82.80 AND 73 RESPECTIVELY.

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK
Parliament panel on land bill to meet on Monday - A Parliamentary panel is expected
to meet on Monday to discuss the controversial land acquisition bill of 2015, The Joint
Committee on the Right to Fair Compensation & Transparency in Land Acquisition,
Rehabilitation and Resettlement Bill 2015, headed by BJP MP S.S. Ahluwalia will take a
view on the remaining clauses of the bill. The NDA Government is hopeful that a
consensus will emerge on all issues related to the bill, The committee has already been
given at least five extensions.
Manufacturing projects with investments worth over Rs 12 lakh crore under
implementation - Projects with investments worth just Rs 1.6 lakh crore i.e. a meagre 11
per cent of total investments worth about Rs 15 lakh crore announced in manufacturing
sector across India have actually been recorded as of September 2015, according to a
recent study by ASSOCHAM.Manufacturing sector in India attracted live investments
worth about Rs 33 lakh crore about one-fifth of the total live investments worth over Rs
164 lakh crore attracted by various sectors across India as of September 2015, noted the
study titledImpact analysis of delay in investment implementation in manufacturing,
conducted by The Associated Chambers of Commerce and Industry of India.
Global economy finding it hard to restore pre-Great Recession growth rates: Rajan
- RBI Governor Raghuram Rajan said in speech at First Ramnath Goenka Memorial, New
Delhi. The global economy is finding it hard to restore pre-Great Recession growth rates
every report of the IMF seemingly downgrades its previous growth forecasts. Why has
the recovery been so slow, The immediate answer is that the financial boom preceding the
Great Recession left industrial countries with an overhang of debt, and debt, whether on
governments, households, or banks, is holding back growth. While the remedy may be to
write down debt so as to revive demand from the indebted, it is debatable whether
additional debt fueled demand is sustainable. At any rate, large-scale debt write-offs seem
politically difficult even if they are economically warranted.
India wont remain insulated from global volatility: IMF Chief - India is currently
under the wings of its robust current account position, the country would not remain
unbrushed against any developments taking place across the globe. The fact that global
economy is hedged against a recession does not lull the significance of a synchronized
policy action across countries, said Christine Lagarde, Managing Director, International
Monetary Fund, in an interview. The worlds financial sector is sturdier and prone to

rebound, as it was back in 2008, when the world economy had been hit by financial
tempests, Lagarde said.
IIP numbers disappointing: Raghuram Rajan - Reserve Bank Governor Raghuram
Rajan reportedly said the economy is recovering, but the process of recovery is volatile.
"We are in recovery. That's broadly what we said before and by and large, we would stick
to that, Rajan said.The RBI chief described index of industrial production numbers
released yesterday as "certainly somewhat disappointing", Rajan stated that the growth is
"not as strong as we would like as a country. we have to see how it progresses".
Bank of Japan keeps deposit rate unchanged at -0.1% - At the Monetary Policy
Meeting held today, the Policy Board of the Bank of Japan decided upon the following.
The Bank decided,by an 8-1 majority vote, to set the following guideline for money
market operations for the intermeeting period.The Bank of Japan will conduct money
market operations so that the monetary base will increase at an annual pace of about 80
trillion yen. The Bank will purchase Japanese government bonds so that their amount
outstanding will increase at an annual pace of about 80 trillion yen.
February CPI Inflation eases to 5.18%; bolsters rate cut hope - India's consumer
price index eases to 5.18 percent as compared to 5.69% in Jan helped by a fall in food
prices, after edging up for six straight months. Street had forecasted a CPI of 5.53% and
were astounded by the 40 bps fall. CPI Food Price Inflation was at 5.30% as compared to
6.85% in January. CPI Rural Inflation was at 5.97% as against 6.32% in January. CPI
Urban Inflation was at 4.30% as against 4.81% in January. The General Indices for the
month of February 2016 for Rural, Urban and Combined are 127.8, 123.8 and 125.9
respectively. The latest data further adds to rate cut case by RBI after better than expected
WPI data.
Real Estate Bill cleared in Lok Sabha and Rajya Sabha - The Lok Sabha approved the
Real Estate (Regulation and Development) Bill, 2016. The bill seeks to create a set of
rights and obligations for both the consumers and developers and encourage both of them
to live up to the expectations of each other as per the agreement entered into by both of
them. Moving the Bill pending in Lok Sabha after it got passed in Rajya Sabha on March
6, Minister of Housing & Urban Poverty Alleviation M. Venkaiah Naidu clarified the
position on the issues such as how the Bill will be applicable to existing projects.
Remove cess and surcharges as effective tax on corporates above 34 %:
ASSOCHAM - Making out a strong case for removal of cess and surcharges of various
types, the ASSOCHAM has approached the Finance Ministry for a clear road-map for
reduction of corporate tax to 25 per cent, which is effectively over 34 per cent at present.
In a post-Budget memorandum to the Finance Ministry, the chamber said the surcharge

and education cess was originally introduced for a short period of time but the same is
being continued from year to year. This has pushed up the overall tax rate sharply for the
corporate sector to 34.608 per cent.
Arun Jaitley says difficult to accept Congress demand for GST - Finance Minister
Arun Jaitley stated that it would be difficult to accept the Congress party's demand to cap
goods and services tax rate, as per a report. According to reports, the proposed sales tax
seeks to replace a slew of federal and state levies. The Congress party has opposed the
bill calling it "flawed".
Call drop case: TRAI to comply with Supreme Court order - The TRAI, reportedly,
said it will comply with Supreme Court order asking to consider the amendment of
penalty based on technical aspects of call drops. TRAI Chairman said, "Whatever has
been ordered by the Supreme Court shall be complied with. Supreme Court on March 17
asked TRAI to review call drop penalty regulation in view of technical issues. The apex
court has asked the regulatory body to base their stand considering the papers dealing
with technical aspects of call drops.

TOP ECONOMY NEWS

Industrial output for the third month in a row remained in the negative territory
contracting 1.5% in January due to poor output in manufacturing sector. IIP also declined
by 3.4% in November and 1.2% in December according to data released by Central
Statistics Office.
Haryana became the eighth state to join the UDAY scheme for revival of power
distribution companies and is expected to save Rs 142 billion in the next three years.

In the backdrop of rising bad loans, India's biggest lenders this week will have a face-off
with truant borrowers at a meet aimed at drawing up plan to throw out inept and noncooperative management from the boards of companies, three people familiar with the
plans said.

Reserve Bank of India governor Raghuram Rajan called on Saturday for global central
banks to adopt a system for assessing the wider impact of their actions, including
unconventional monetary policies now in use.

A group of telecom companies has termed the Union Budget proposal to levy service tax
on spectrum allocation "punitive and unfair" and want the levy to be rolled back, saying it

would lead to a Rs 77,000 crore tax burden and tariff hikes. "It is imperative that the
government reconsiders the service tax proposals in view of the direct impact on the aam
aadmi as also the adverse impact on the Digital India initiative," the Cellular Operators'
Association of India said in a statement Sunday.

Initially scheduled for May or June this year, the telecom spectrum sale is likely to be
delayed by three to six months.

Amid persistent global economic uncertainty, International Monetary Fund Managing

Director Christine Lagarde on Sunday backed the government's fiscal policy and lauded
its efforts and those of the Reserve Bank of India to clean bank balance sheets.

Passenger car shipments from India declined 3.71% to 4,84,602 units in April-February
period of this fiscal due to challenges in top export markets like Algeria, Europe and
neighbouring countries, according to SIAM.

The accumulated loss suffered by power distribution companies in Uttar Pradesh

increased to Rs601bn in 2013-14 from Rs336bn in 2011-12, the CAG said in its latest
audit report.

India's wholesale prices fell for the 16th straight month in January, though the decline
was marginal. The WPI -based inflation declined to -0.91% as compared to -2.17% from
a year ago and -0.90% recorded in January.

Finance Minister Arun Jaitley said that the Government hopeful of passing the GST bill
in the second half of the budget session, which will resume on April 20. The GST bill,
which has received the approval of the Lok Sabha, is stuck in the Rajya Sabha. The
Government has already said that it is ready with the required infrastructure for the roll
out of GST.

Annual CPI eased to 5.18% in February from a year ago, helped by a fall in food prices.
Retail food inflation in February eased to 5.30%, compared with 6.85% recorded in the
previous month.

Telangana government presented a revenue surplus Budget for the year 2016-17 while
allocating more than 50% of the total estimated expenditure of Rs. 1.30 trillion under the
plan outlay. It has allocated a whopping Rs 250 billion for the irrigation sector under plan
outlay in this Budget as compared to an expenditure of Rs. 85 billion for irrigation in the

current financial year.

According to a study conducted by the Moody's Analytics, there has been a significant
increase in the use of electronic payment methods such as credit, debit and prepaid cards.
This boom in the electronic payment space has injected nearly $6.08 billion in the Indian
economy during the period from 2011 to 2015.

Government has collected Rs. 202 billion through education cess in the first ten months
of the current fiscal. Of this, Rs. 145 billion was collected under direct taxes and the
remaining under indirect taxes. Through the education cess, the government had collected
Rs. 360 billion in FY15, Rs. 339 billion in FY14 and Rs. 306 billion in FY13.

Plans to liberalise trade between India and China, the worlds two fastest-growing large
economies, have gathered momentum with both sides exchanging offers on removal of a
chunk of tariff lines on goods imports.

The Rs.25,000 crore capital injection for bank recapitalization in the budget has reignited
the debate on whether Indian banks have enough capital.

The coal ministry allotted 16 coal blocks that would be exploited by state owned public
sector entities and the produce sold primarily to small and medium companies that cannot
buy larger volumes from Coal India directly.

Off shore funds can now appoint fund managers in India without the risk of being treated
as a resident for tax purposes. The Central Board of Direct Taxes has now notified rules
to provide for a special taxation regime from April 1 that would facilitate location of fund
managers for off shore funds in India.

TOP CORPORATE NEWS Dr. Reddys Laboratories and TR-Pharm, a pharmaceutical company based in Turkey,
announced a strategic collaboration agreement involving 3 biosimilar products. These
products will be registered and subsequently commercialised as part of this agreement by
TR-Pharm in Turkey.
Glenmark Pharmaceuticals received final approval by the United States Food & Drug
Administration for Frovatriptan Succinate Tablets, 2.5 mg, the therapeutic equivalent to
the reference listed drug product, Frova Tablets, 2.5 mg, of Endo Pharmaceuticals, Inc.
Reliance Industries' wholly-owned arm Model Economic Township Ltd will develop an
electronics manufacturing hub and footwear park at Jhajjar, Haryana with an investment

of Rs13 billion.
Maruti Suzuki India Ltd has missed a deadline it had set for introducing the light
commercial vehicle segment citing the ongoing resistance against diesel vehicles.
Apollo Hospitals Enterprise has completed the acquisition of the majority stake in
Guwahati based Assam Hospitals Ltd. The company acquired 51% stake in the company
for Rs573 million.
NMDC has raised the lump price by over 8% to Rs1,950 per tonne effective March 11,
its first hike for the higher grade of the ore since July, 2014.
Kotak Mahindra Group has signed an agreement with Canada Pension Plan Investment
Board to invest up to $525 million in stressed assets in the country's banking and
corporate sectors. CPPIB will have the ability to invest up to $ 450 million in the
partnership.
Wipro Ltd. announced winning a multi-year contract to develop a new IT platform for
Danish energy firm NRGi's operations. Wipro will design, build, host and deploy a
customer information system for the utility provider in a platform as a service model.

Suven Life Sciences has been granted a patent each by China, Eurasia and Hong Kong
for a drug used in the treatment of neuro-degenerative diseases.
Bharat Heavy Electricals Limited has achieved another milestone in its After-SalesService business by successfully synchronising the 110 MW Unit-7 at Barauni Thermal
Power Station in Bihar following Renovation and Modernisation.
Indias largest private sector lender ICICI Bank Ltd is looking to raise $750 million
through a dollar bond issue under itsmedium-term note
programme, according
to
source.
Aurobindo Pharma has received final approval from USFDA to manufacture and
market Ibandronate Sodium Tablets, 150 mg. This product is expected to be launched in
the 1QFY17. Ibandronate Sodium tablets are used in the treatment and prevention of
osteoporosis in postmenopausal women.
Larsen & Toubro said its construction arm has bagged orders worth Rs 16.7 billion
across various business verticals, including residential construction and power and
distribution.
Zee Entertainment Enterprises will fully acquire aviation firm Fly By Wire for a total
consideration of Rs. 613 million in an all-cash deal. Fly By Wire International provides
aircraft charter services.
Aditya Birla Nuvo Ltd, which won a license last year to set up a non-lending bank in
India, will start its digital wallet services by the end of 2016 as it prepares to tap one of
the worlds fastest growing smartphone markets.
Wipro Limited has entered into a strategic partnership with Schneider Electric, a global
specialist in energy management and automated systems, to develop convergent solutions
for India's Smart Cities.
Drug major Lupin Ltd. said it has received nine observations relating to inadequacy and
adherence to operating norms for its manufacturing plant in Goa from the US Food and

Drug Administration.
Reliance Infrastructure Ltd. announced the demerger of certain power generation and
supply businesses in Mumbai, Goa and Andhra Pradesh into a subsidiary for a
consideration of Rs. 63 billion.
Tata Motors will supply 25 hybrid electric busses to the Mumbai Metropolitan Region
Development Authority. The contract to supply Tata Starbus Diesel Series Hybrid
Electric Bus with full low floor configuration is the single largest order awarded for
hybrid electric vehicle technology.
TVS Motors has entered a pact with online marketplace Snapdeal to retail its products.
Nine two-wheeler products from TVS Motor Company will be available on
snapdeal.com.
Bharti Airtel will emerge as the largest high-speed mobile broadband spectrum owner in
the country, beating Mukesh Ambani-owned new entrant Reliance Jio Infocomm, once
the country's top mobile operator buys Videocon's 4G airwaves in six circles.
Mahindra & Mahindra has announced the launch of Gusto 125. The Mahindra Gusto
125 is available in two variants - DX and VX at Rs 50,680 and Rs 53,680 respectively.

TOP BANKING AND FINANCIAL NEWS OF THE WEEK

In the last fortnight, State Bank of India , on behalf of itself and other consortium
lenders, has put three large loans aggregating to INR 20,769 crore on the block.

DBS Group Holdings, Southeast Asia's largest bank, is set to acquire Royal Bank of
Scotland Group's Indian onshore operations for about Rs 1,000 crore, a much-awaited
deal that will see the exit of Britain's biggest government owned bank from one of the
fastest-growing economies.

Bankers led by the State Bank of India warned distressed corporates to accelerate their
asset sales so that they can recover their dues, failing which banks would themselves take
it in their hands the process of disposal of assets.

Savings bank account holders have been hit most by the falling interest rates as banks
lowered the amount paid to them as interest. But the silver lining is that the community as
a whole is set to reap more than Rs 500 crore as additional interest, thanks to the tweak in
the way banks paid out interest on such deposits.

Bad loans have hit the banking sector's advance tax payouts for March quarter, with State
Bank of India paying a 60 per cent lower tax, ICICI Bank showing a marginal increase,
while HDFC Bank posting a 14 per cent growth in tax liability.

Lending by Indian banks continued to remain in double digits for the second
consecutive fortnight rising 11.5% growth for the fortnight ending March 4, according to
data released by the Reserve Bank of India.

Axis Bank, India's third largest private sector lender, has provided seed funding of Rs 10
lakh to the students of Indian Institute of Foreign Trade, the winners of the inter-campus
online gamified competition 'Axis Moves' it has launched in leading B-schools in a bid to
bolsterentrepreneurship across the country. The winning ideas will be executed by the
Axis Bank Foundation and a partner non-governmental organisation.

The country's largest lender, State Bank of India, said it has raised Rs 3,000 crore on a
private placement basis. The bank has issued 30,000 Basel-III compliant, tier-ll bonds in
the nature of debentures.

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