001: NW18: Good Morning India - What's Happening, and Where, on Aug 6
002: (NewsWire18) - Main events scheduled today.
003: .
004: QUOTE OF THE DAY
005: "We heard that some of the Western leaders had decided to recognize but not
006: congratulate the new government... Well, no one in Iran is waiting for your
007: messages."
008: - Mahmoud Ahmadinejad, after being sworn in Wednesday for a second term as
009: President of Iran, despite weeks of political unrest (Time.com)
010: .
011: THURSDAY'S LEADERS: * Cabinet meeting. * Ahluwalia at book release.
012: * RBI OMO auction.
013: * Data alert==> US natural gas stocks, chain store sales;
014: India inflation.
015: .
016: CABINET MEET
017: * Prime Minister Singh to chair weekly meeting of Cabinet and Cabinet Committee
018: on Economic Affairs. 1700 IST, New Delhi.
019: .
020: CORPORATE EVENTS
021: * EGM of
022: + LESHA ENERGY RESOURCES.
023: * AGM of
024: + ACTION CONSTRUCTION EQUIPMENT.
025: + BIRLA ERICSSON OPTICAL.
026: + PAE.
027: + PLASTIBLENDS INDIA.
028: + RAJAPALAYAM MILLS.
029: + TATA POWER CO.
030: + VINDHYA TELELINKS.
031: + UNIVERSAL CABLES.
032: * BOARD MEETING of
033: + SARLA GEMS to consider raising of funds.
034: * PRESS MEET of
035: + INDIAN SYNTANS GROUP. To launch Nanofin Enterprises. 1145 IST, New Delhi.
036: + HAIER APPLIANCES. To announce future plans. 1130 IST, New Delhi.
037: + JAOLI BANK. Inauguration of 10th branch. 1700 IST, Mumbai.
038: + TATA TELESERVICES (MAHARASHTRA). To launch GSM services in Mumbai. Union
039: minister for communications and IT Kamat to be present. 1130 IST, Mumbai.
040: .
041: DATA ALERT
042: * from OVERSEAS
043: > ECB GOVERNING COUNCIL meeting. 1230 IST
044: > ITALY INDUSTRIAL OUTPUT in June. Seen 0.4% vs 0% prev. 1330 IST
045: > GERMANY TOTAL MANUFACTURING ORDERS in June. Seen 0.9% vs 4.4% prev. 1530 IST
046: > BANK OF ENGLAND bank rate decision. Seen unchanged. 1630 IST
047: > ECB interest rate decision. 1715 IST
048: > US JOBLESS CLAIMS in week to Aug 1. Seen 585,000 vs 584,000 prev. 1800 IST
049: > US EIA NATURAL GAS INVENTORIES in week to Jul 24. 2000 IST
050: > US CHAIN-STORE SALES in July.
051: * from INDIA
052: > WPI INFLATION RATE for week to Jul 25 to be detailed by commerce and
053: industry ministry. According to a NewsWire18 poll, the inflation rate is
054: seen rising to (-)1.50% from (-)1.54 a week ago.
055: > RAINFALL data for week to Aug 5 to be detailed by India Meteorological
056: Department.
057: .
058: GOVT BEAT
059: * Textiles Minister Maran to address media and announce key decisions. 1230 IST,
060: New Delhi.
061: .
062: CONFERENCES
063: * MANAGEMENT LECTURE: Tata Consultancy Services Ltd Chief Executive Officer
064: and Managing Director Ramadorai to address members of Calcutta Management
065: Association. 1000 IST, Kolkata.
066: .
067: RBI COUNTER
068: * DAILY LAF TENDERS: One set of 1-day reverse repo (at 3.25%) and 1-day repo
069: (at 4.75%). Bids may be submitted between 0930 IST and 1030 IST.
070: * PD UNDERWRITING fee cut-off seen:
071: > 2.00-3.00 paise for 40-bln-rupee auction of 6.49%, 2015 bond.
072: > 1.00-2.00 paise for 60-bln-rupee auction of 6.90%, 2019 bond.
073: > 5.00-6.00 paise for 20-bln-rupee auction of 7.40%, 2035 bond.
074: * OMO AUCTION yield cut-off seen:
075: > 6.90-6.95% on 7.38%, 2015 bond.
076: > 7.10-7.15% on 6.05%, 2019 bond.
077: > 7.90-8.00% on 7.95%, 2032 bond.
078: RBI has offered to buy a total of 60 bln rupees of the above three bonds.
079: .
080: MISC.
081: + FELICITATION: PHD Chamber to felicitate new MPs. Agriculture Minister Pawar,
082: Food Processing Industries Minister Sahai and Health Minister Azad to be
083: present. 1900 IST, New Delhi.
084: + BOOK RELEASE: Planning Commission deputy head Ahluwalia to release book Macro
085: Modeling for the Eleventh Five Year Plan of India. 1745 IST, New Delhi.
086: .
087: MARKETS
088: Call : Volumes seen dn as state-owned bks on 2-day strike. Rate seen in narrow
089: band. CBLOs: 2.25-2.75%. 1-day call: 3.20-3.30% vs 3.25-3.30% 5-day Tue.
090: .
091: Bonds : Seen down in thin trade due to 2-day bank staff strike. Outcome of RBI's
092: OMO may also be eyed. 10-yr yld: 7.00-7.10% vs 7.09% Wed.
093: .
094: Rupee : May open steady amid mixed cues from overseas markets. May fall intraday
095: on cos' dlr buys. Range: 47.40-47.65/$1 vs 47.51 Wed
096: .
097: Stocks: Seen down around 1% on US, Asian market cues. Metal cos may gain.
098: Sensex range Thu: 15700-16100; Tue end 15904, up 73 points or 0.5%.
099: .
100: MEDIA PICKS
101: ==HOME FRONT==
102: * Kakodkar says India can build nuclear aircraft carrier, warships (PTI)
103: * Nine militants killed in six encounters in Jammu & Kashmir (PTI)
104: ==FOREIGN AFFAIRS==
105: * Pakistan bans 25 entities including Jaish-e-Mohammed, Lashker-e-Taiba (var)
106: * Mahmoud Ahmadinejad begins a second term as Iran's president (CNN)
107: * Global swine flu deaths top 1,100. (var)
108: * Nepal former PM says India, US planned to attack China using Nepal. (IE)
109: ==BUSINESS AND ECONOMY==
110: > INDIA-RELATED
111: * CEO says Infosys eyeing $450 mln-$500 mln overseas buy (NW18)
112: * TRAI favours freeze on new telecom licences till norms finalised (NW18)
113: * Govt source says in advanced talks with World Bank on bank recap loan (NW18)
114: * Govt in talks with bks to finalise new fertiliser subsidy plan this mo (NW18)
115: * Reliance Power refutes DGH validation of Reliance Ind's capex (NW18)
116: * RBI likely to appoint successor to Rakesh Mohan by early Sep (NW18)
117: * Anil Ambani Group wants audit on RIL D6 capex to be made public (NW18)
118: * SEBI asks cos to pay ASBA fees to banks (NW18)
119: * West Bengal govt ready to give promised 90 acres land to Infosys, Wipro (ET)
120: * Essar tower co settles for stake sale (ET)
121: * DLF to exit insurance business (ET)
122: * Tatas may buy out AIG in life insurance joint venture (ET)
123: * PMS providers face cap on svc fees, SEBI mulls curbs after complaints (ET)
124: * Aircel raises 143-bln-rupee debt from SBI, Standard Chartered (ET)
125: * Core projects in for checks every quarter (ET)
126: * Low cost pension for poor soon (ET)
127: * Wipro may soon bag clutch of deals valued at $100 mln each (ET)
128: * Preference share conversion to up Tata Sons' holding in Tata Steel (ET)
129: * Lupin to launch more branded generics in US (ET)
130: * US exclusivity law may hit Indian biotech companies (ET)
131: * Tata Communications to focus on small cities (ET)
132: * L&T seek SEBI nod to sell its 6.9% in Satyam Computer (var)
133: * Reliance Power invites bids from contractors for Dadri project (ET)
134: * Exporters may land sops to explore new territories (ET)
135: * TRAI wants new licences put on hold (ET)
136: * Maytas Infra may have diverted 12 bln rupees to Satyam Comp (ET)
137: * Ford plans small car debut in 2010 (ET)
138: * State retailers to boycott UB brands (ET)
139: * Jet looks to cut 2,000 jobs in phases, shows door to 50 (ET)
140: * Govt stiffens terms for large road projects (BS)
141: * Three ex-SC judges to decide Balco stake sale arbitration (BS)
142: * Five more power plants seek gas from KG-D6 fields (PTI)
143: * Tata Power to put more funds in Indonesian coalfields (FC)
144: * ONGC Videsh set to invest $359 mln in Nigeria (FC)
145: > FROM OVERSEAS
146: * ArcelorMittal to continue mining coal in Siberia. (PTI)
147: * Google buys video technology company (BBC)
148: * Cathay Pacific returns to profit in Jan-Jun, fuel-hedge gain helps. (BBC)
149: * Societe Generale reports 52% fall in Apr-Jun profits at $445 mln (BBC)
150: * Sportswear giant Adidas sees Apr-Jun profits plunge 93% on-year (var)
151: ==SPORTS==
152: * Neck injury doubts hit Schumacher's return (CNN)
153: * Somdev Devvarman beats Cilic to reach ATP Washington Classic 3rd round (var)
154: * India trounce Belarus in junior women's hockey world cup (var)
155: * Prakash Amritraj advances to round 2 of ATP Vancouver Open (var)
156: ==OF INTEREST==
157: * German football song irks Muslims (BBC)
158: * Lok Sabha deletes seat number 420 (AA)
159: * US scientists decode entire HIV genome (AA)
.
176: WEEK AHEAD
177: Aug 7: Planning Commission Member Kasturirangan to speak at CII Rural Markets
178: Summit. Fortis Healthcare Chairman Harpal Singh and Triveni Engineering
179: Executive Director Sawhney to participate. 1000 IST, New Delhi.
180: Aug 7: Budget session of Parliament to conclude.
181: Aug 7: RBI to auction for 40 bln rupees worth of 6.49%, 2015 gilt, 60
182: bln rupees of 6.90%, 2019 paper and 20 bln rupees of 7.40%, 2035
183: gilt. All gilts will be sold under uniform pricing method.
184: Aug 7: Press meet of DSP Merrill Lynch to detail mid-year outlook. Director,
185: investment strategist Corry to speak. 1215 IST, MUMBAI
186: Aug wk 1: Electricity generation in July to be detailed by Central Electricity
187: Authority.
188: Aug wk 1: Trade data for June to be detailed by commerce and industry ministry.
189: .
190: ON THE HORIZON
191: Aug wk 2: Automobile sales data for July to be detailed by SIAM.
192: Aug wk 2: Foreign tourist arrival data for July by tourism ministry.
193: Aug wk 2: Rail freight traffic in July, railway ministry.
194: Aug wk 2: GSM subscriber addition in July to be detailed by COAI.
195: Aug wk 2: Air passenger traffic in July by civil aviation ministry.
196: Aug 12: Industrial production data for June to be detailed by CSO.
197: Aug 31: India's GDP growth in Apr-Jun to be detailed by CSO. End
198: Aug wk 3: Core sector output for July to be detailed by commerce and industry
199: ministry.
200: Sep 1: Supreme Court to hear Reliance Industries-Reliance Natural Resources
201: gas case.
202: Sep 1: Manufacturing PMI for August to be detailed by Markit Economics.
203: Sep wk 1: Electricity generation for August to be detailed by Central
204: Electricity Authority.
205: Sep 7: Economics Nobel laureate Michael Spence to deliver lecture on Climate
206: Change, Mitigation and Developing Country Growth. 1800 IST, New Delhi.
207: Oct 27: Reserve Bank of India Governor Subbarao to release the second-quarter
208: review of 2009-10 monetary policy.
002: (NewsWire18) - Main events scheduled today.
003: .
004: QUOTE OF THE DAY
005: "We heard that some of the Western leaders had decided to recognize but not
006: congratulate the new government... Well, no one in Iran is waiting for your
007: messages."
008: - Mahmoud Ahmadinejad, after being sworn in Wednesday for a second term as
009: President of Iran, despite weeks of political unrest (Time.com)
010: .
011: THURSDAY'S LEADERS: * Cabinet meeting. * Ahluwalia at book release.
012: * RBI OMO auction.
013: * Data alert==> US natural gas stocks, chain store sales;
014: India inflation.
015: .
016: CABINET MEET
017: * Prime Minister Singh to chair weekly meeting of Cabinet and Cabinet Committee
018: on Economic Affairs. 1700 IST, New Delhi.
019: .
020: CORPORATE EVENTS
021: * EGM of
022: + LESHA ENERGY RESOURCES.
023: * AGM of
024: + ACTION CONSTRUCTION EQUIPMENT.
025: + BIRLA ERICSSON OPTICAL.
026: + PAE.
027: + PLASTIBLENDS INDIA.
028: + RAJAPALAYAM MILLS.
029: + TATA POWER CO.
030: + VINDHYA TELELINKS.
031: + UNIVERSAL CABLES.
032: * BOARD MEETING of
033: + SARLA GEMS to consider raising of funds.
034: * PRESS MEET of
035: + INDIAN SYNTANS GROUP. To launch Nanofin Enterprises. 1145 IST, New Delhi.
036: + HAIER APPLIANCES. To announce future plans. 1130 IST, New Delhi.
037: + JAOLI BANK. Inauguration of 10th branch. 1700 IST, Mumbai.
038: + TATA TELESERVICES (MAHARASHTRA). To launch GSM services in Mumbai. Union
039: minister for communications and IT Kamat to be present. 1130 IST, Mumbai.
040: .
041: DATA ALERT
042: * from OVERSEAS
043: > ECB GOVERNING COUNCIL meeting. 1230 IST
044: > ITALY INDUSTRIAL OUTPUT in June. Seen 0.4% vs 0% prev. 1330 IST
045: > GERMANY TOTAL MANUFACTURING ORDERS in June. Seen 0.9% vs 4.4% prev. 1530 IST
046: > BANK OF ENGLAND bank rate decision. Seen unchanged. 1630 IST
047: > ECB interest rate decision. 1715 IST
048: > US JOBLESS CLAIMS in week to Aug 1. Seen 585,000 vs 584,000 prev. 1800 IST
049: > US EIA NATURAL GAS INVENTORIES in week to Jul 24. 2000 IST
050: > US CHAIN-STORE SALES in July.
051: * from INDIA
052: > WPI INFLATION RATE for week to Jul 25 to be detailed by commerce and
053: industry ministry. According to a NewsWire18 poll, the inflation rate is
054: seen rising to (-)1.50% from (-)1.54 a week ago.
055: > RAINFALL data for week to Aug 5 to be detailed by India Meteorological
056: Department.
057: .
058: GOVT BEAT
059: * Textiles Minister Maran to address media and announce key decisions. 1230 IST,
060: New Delhi.
061: .
062: CONFERENCES
063: * MANAGEMENT LECTURE: Tata Consultancy Services Ltd Chief Executive Officer
064: and Managing Director Ramadorai to address members of Calcutta Management
065: Association. 1000 IST, Kolkata.
066: .
067: RBI COUNTER
068: * DAILY LAF TENDERS: One set of 1-day reverse repo (at 3.25%) and 1-day repo
069: (at 4.75%). Bids may be submitted between 0930 IST and 1030 IST.
070: * PD UNDERWRITING fee cut-off seen:
071: > 2.00-3.00 paise for 40-bln-rupee auction of 6.49%, 2015 bond.
072: > 1.00-2.00 paise for 60-bln-rupee auction of 6.90%, 2019 bond.
073: > 5.00-6.00 paise for 20-bln-rupee auction of 7.40%, 2035 bond.
074: * OMO AUCTION yield cut-off seen:
075: > 6.90-6.95% on 7.38%, 2015 bond.
076: > 7.10-7.15% on 6.05%, 2019 bond.
077: > 7.90-8.00% on 7.95%, 2032 bond.
078: RBI has offered to buy a total of 60 bln rupees of the above three bonds.
079: .
080: MISC.
081: + FELICITATION: PHD Chamber to felicitate new MPs. Agriculture Minister Pawar,
082: Food Processing Industries Minister Sahai and Health Minister Azad to be
083: present. 1900 IST, New Delhi.
084: + BOOK RELEASE: Planning Commission deputy head Ahluwalia to release book Macro
085: Modeling for the Eleventh Five Year Plan of India. 1745 IST, New Delhi.
086: .
087: MARKETS
088: Call : Volumes seen dn as state-owned bks on 2-day strike. Rate seen in narrow
089: band. CBLOs: 2.25-2.75%. 1-day call: 3.20-3.30% vs 3.25-3.30% 5-day Tue.
090: .
091: Bonds : Seen down in thin trade due to 2-day bank staff strike. Outcome of RBI's
092: OMO may also be eyed. 10-yr yld: 7.00-7.10% vs 7.09% Wed.
093: .
094: Rupee : May open steady amid mixed cues from overseas markets. May fall intraday
095: on cos' dlr buys. Range: 47.40-47.65/$1 vs 47.51 Wed
096: .
097: Stocks: Seen down around 1% on US, Asian market cues. Metal cos may gain.
098: Sensex range Thu: 15700-16100; Tue end 15904, up 73 points or 0.5%.
099: .
100: MEDIA PICKS
101: ==HOME FRONT==
102: * Kakodkar says India can build nuclear aircraft carrier, warships (PTI)
103: * Nine militants killed in six encounters in Jammu & Kashmir (PTI)
104: ==FOREIGN AFFAIRS==
105: * Pakistan bans 25 entities including Jaish-e-Mohammed, Lashker-e-Taiba (var)
106: * Mahmoud Ahmadinejad begins a second term as Iran's president (CNN)
107: * Global swine flu deaths top 1,100. (var)
108: * Nepal former PM says India, US planned to attack China using Nepal. (IE)
109: ==BUSINESS AND ECONOMY==
110: > INDIA-RELATED
111: * CEO says Infosys eyeing $450 mln-$500 mln overseas buy (NW18)
112: * TRAI favours freeze on new telecom licences till norms finalised (NW18)
113: * Govt source says in advanced talks with World Bank on bank recap loan (NW18)
114: * Govt in talks with bks to finalise new fertiliser subsidy plan this mo (NW18)
115: * Reliance Power refutes DGH validation of Reliance Ind's capex (NW18)
116: * RBI likely to appoint successor to Rakesh Mohan by early Sep (NW18)
117: * Anil Ambani Group wants audit on RIL D6 capex to be made public (NW18)
118: * SEBI asks cos to pay ASBA fees to banks (NW18)
119: * West Bengal govt ready to give promised 90 acres land to Infosys, Wipro (ET)
120: * Essar tower co settles for stake sale (ET)
121: * DLF to exit insurance business (ET)
122: * Tatas may buy out AIG in life insurance joint venture (ET)
123: * PMS providers face cap on svc fees, SEBI mulls curbs after complaints (ET)
124: * Aircel raises 143-bln-rupee debt from SBI, Standard Chartered (ET)
125: * Core projects in for checks every quarter (ET)
126: * Low cost pension for poor soon (ET)
127: * Wipro may soon bag clutch of deals valued at $100 mln each (ET)
128: * Preference share conversion to up Tata Sons' holding in Tata Steel (ET)
129: * Lupin to launch more branded generics in US (ET)
130: * US exclusivity law may hit Indian biotech companies (ET)
131: * Tata Communications to focus on small cities (ET)
132: * L&T seek SEBI nod to sell its 6.9% in Satyam Computer (var)
133: * Reliance Power invites bids from contractors for Dadri project (ET)
134: * Exporters may land sops to explore new territories (ET)
135: * TRAI wants new licences put on hold (ET)
136: * Maytas Infra may have diverted 12 bln rupees to Satyam Comp (ET)
137: * Ford plans small car debut in 2010 (ET)
138: * State retailers to boycott UB brands (ET)
139: * Jet looks to cut 2,000 jobs in phases, shows door to 50 (ET)
140: * Govt stiffens terms for large road projects (BS)
141: * Three ex-SC judges to decide Balco stake sale arbitration (BS)
142: * Five more power plants seek gas from KG-D6 fields (PTI)
143: * Tata Power to put more funds in Indonesian coalfields (FC)
144: * ONGC Videsh set to invest $359 mln in Nigeria (FC)
145: > FROM OVERSEAS
146: * ArcelorMittal to continue mining coal in Siberia. (PTI)
147: * Google buys video technology company (BBC)
148: * Cathay Pacific returns to profit in Jan-Jun, fuel-hedge gain helps. (BBC)
149: * Societe Generale reports 52% fall in Apr-Jun profits at $445 mln (BBC)
150: * Sportswear giant Adidas sees Apr-Jun profits plunge 93% on-year (var)
151: ==SPORTS==
152: * Neck injury doubts hit Schumacher's return (CNN)
153: * Somdev Devvarman beats Cilic to reach ATP Washington Classic 3rd round (var)
154: * India trounce Belarus in junior women's hockey world cup (var)
155: * Prakash Amritraj advances to round 2 of ATP Vancouver Open (var)
156: ==OF INTEREST==
157: * German football song irks Muslims (BBC)
158: * Lok Sabha deletes seat number 420 (AA)
159: * US scientists decode entire HIV genome (AA)
.
176: WEEK AHEAD
177: Aug 7: Planning Commission Member Kasturirangan to speak at CII Rural Markets
178: Summit. Fortis Healthcare Chairman Harpal Singh and Triveni Engineering
179: Executive Director Sawhney to participate. 1000 IST, New Delhi.
180: Aug 7: Budget session of Parliament to conclude.
181: Aug 7: RBI to auction for 40 bln rupees worth of 6.49%, 2015 gilt, 60
182: bln rupees of 6.90%, 2019 paper and 20 bln rupees of 7.40%, 2035
183: gilt. All gilts will be sold under uniform pricing method.
184: Aug 7: Press meet of DSP Merrill Lynch to detail mid-year outlook. Director,
185: investment strategist Corry to speak. 1215 IST, MUMBAI
186: Aug wk 1: Electricity generation in July to be detailed by Central Electricity
187: Authority.
188: Aug wk 1: Trade data for June to be detailed by commerce and industry ministry.
189: .
190: ON THE HORIZON
191: Aug wk 2: Automobile sales data for July to be detailed by SIAM.
192: Aug wk 2: Foreign tourist arrival data for July by tourism ministry.
193: Aug wk 2: Rail freight traffic in July, railway ministry.
194: Aug wk 2: GSM subscriber addition in July to be detailed by COAI.
195: Aug wk 2: Air passenger traffic in July by civil aviation ministry.
196: Aug 12: Industrial production data for June to be detailed by CSO.
197: Aug 31: India's GDP growth in Apr-Jun to be detailed by CSO. End
198: Aug wk 3: Core sector output for July to be detailed by commerce and industry
199: ministry.
200: Sep 1: Supreme Court to hear Reliance Industries-Reliance Natural Resources
201: gas case.
202: Sep 1: Manufacturing PMI for August to be detailed by Markit Economics.
203: Sep wk 1: Electricity generation for August to be detailed by Central
204: Electricity Authority.
205: Sep 7: Economics Nobel laureate Michael Spence to deliver lecture on Climate
206: Change, Mitigation and Developing Country Growth. 1800 IST, New Delhi.
207: Oct 27: Reserve Bank of India Governor Subbarao to release the second-quarter
208: review of 2009-10 monetary policy.
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