Indian Stocks to Look for on Jan.28

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By Naagesh N. | January 28, 2013 5:15 PM EST


* Nifty futures on the Singapore Exchange rose 0.1 percent. The MSCI-Asia Pacific index, excluding Japan

was down 0.13 percent.

* South Korean shares were hit by earnings worries, dragging down the broader Asian share index, but improving

economic prospects in Europe and solid U.S. earnings underpinned sentiment.

* The Standard & Poor's 500 index closed above 1,500 for the first time in more than five years on Friday as strong

U.S. earnings reports helped the benchmark extend its rally to eight days.


* The Reserve Bank of India will release its macro-economic review for Oct-Dec quarter report (1130 GMT)

* JSW Steel Ltd earnings


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


* Morgan Stanley intends to allow its banking licence in India to lapse as part of its changed business strategy, the

Economic Times newspaper reported on Saturday. (Reuters)

* Finance minister P Chidambaram may limit subsidies on food, fertilisers and oil at 1.9 trillion rupees for the next

financial year to send out a strong signal on fiscal consolidation, an official involved in the exercise, who is not

permitted to talk to the media, said. (Financial Chronicle) here

* L Capital is vying with Kohlberg Kravis Roberts & Co LP to buy up to 4 billion rupees stake in home-grown

slimming and beauty services chain VLCC, said at least two people familiar with the matter, adding that the company is

worth more than $300 million. (Times of India) here


* India's plan to raise about $2 billion selling a stake in power producer NTPC Ltd will likely take place on Feb.

7, three sources with direct knowledge of the situation said on Friday. (Reuters)

* Coal India Ltd said in a court filing The Children's Investment Fund cannot force the state firm to raise

prices for the interest of a particular shareholder, and that the company and its directors are under no obligation to sell

coal at international prices, according to The Economic Times newspaper.

Coal India is facing a lawsuit from TCI, with a hearing at Calcutta High Court to be heard on Wednesday, the newspaper

reported. (Economic Times) here


* Reliance Industries Ltd's fourth generation long-term evolution services are expected to be launched between

June and August, at least starting with Mumbai, New Delhi and Jamnagar, vendors in discussion with the company said. (Business

Standard) here

* Norway's Telenor is unlikely to bid in an auction for mobile licences in Mumbai unless India halves the fee, its

Chief Executive Jon Fredrik Baksaas said on Friday. (Reuters)


* Maruti Suzuki India Ltd has purchased the land for its fourth plant in India, with a view to roughly doubling

annual production capacity to about 3 million units, the Nikkei business daily said on Sunday. (Reuters)

* Ashok Leyland Ltd is hoping to raise around 5 billion rupees by offloads stakes in some of its subsidiaries as

well as IndusInd Bank Ltd, chief financial officer K Sridharan told analysts. (Business Standard) here


* Jet Airways (India) Ltd will sell a 24 percent stake to Etihad Airways for around $300 million, according to

two people close to the development, neither of whom wanted to be named. (Mint) here

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

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