NSE - WEEKLY NEWS LETTERS
✍ NBCC signs MoU to Develop four Properties of WAQF Board - National Buildings Construction Corporation Limited has announced that further in compliance of the General MOU signed between NBCC & NAWADCO on September 8, 2014 for the development of various properties of WAQF Board, Project specific MOU has been executed for the development of four (4) properties i.e. Gulistan Shadi Mahal, Masjid-e-Mavalli, Dargah Hazrat Attaullah Shah in Bangalore and Takiya Chand Shah in Jodhpur involving an overall construction cost of Rs. 398 Crore.

✍ Asian Paints slips 3% post Q4 earnings - Asian Paints was the top Nifty loser - down 3.3 percent on reporting a lower-than expected earnings. The company reported 18.8 percent increase in Q4 net profit, which stood at Rs. 341 crore in Q4FY158, as against Rs. 287 crore in Q4FY14. Total Income is Rs. 35,774.10 million for the Quarter ended March 31, 2015 where as the same was at Rs. 33,381.90 million for the Quarter ended March 31, 2014. The stock has hit a high of Rs. 818 and a low of Rs. 762 on NSE today. Total traded quantity on the counter stood at over 67.59 lk shares on NSE.

✍ Airtel starts 4G trial in Mumbai - Bharti Airtel has launched 4G trials for its existing customers in Mumbai. As a part of this, Airtel customers across the city can now avail complimentary upgrade to Airtel 4G at 3G prices."We want our existing customers to be the first ones to enjoy the Airtel 4G experience and are offering them a free upgrade to Airtel 4G at the same price as 3G," Gujarat Ashok Ganapathy Bharti Airtel CEO for Mumbai, Maharashtra and Goa said in a statement.


✍ The wholesale price index (WPI) fell to a new low of 2.65% for the month of April, 2015, after declining to 2.33% in the previous month, as per government data. This is the sixth straight decline in wholesale prices, a clear indication that inflationary pressures in the economy remain muted.

✍ Suzlon Energy bags order from Mytrah Energy - Suzlon Group, one of the leading wind turbine manufacturers and Mytrah Energy, a leading Independent Power Producer (IPP) today announced that Suzlon will supply 98MW project to Mytrah at Nazeerabad in Ranga Reddy district of Telangana state. It is scheduled for commissioning in 2016. Suzlon’s role in the project involves installing and commissioning 47 WTGs of its revolutionary S97 120m Hybrid Tower WTGs with rated capacity of 2.1MW each. The order is part of the Business Partnership Agreement (BPA) signed with Mytrah in May 2010 to purchase 1 GW of turbines from Suzlon Group.
The project is the 3rd repeat order awarded by Mytrah to Suzlon Energy. Suzlon has already commissioned 310MW wind energy project for Mytrah so far and 205 MW is under execution in Rajasthan, Maharashtra & Andhra Pradesh. 

✍ Govt betters financial targets for FY14-15 - According to the ministry of finance, fiscal deficit for 2014-15 is pegged at 4% of the gross domestic product (GDP) against the target of 4.1%. Revenue deficit is pegged at 2.8% of the GDP as against the target of 2.9% of GDP, marking a sharp improvement over 3.2% for 2013-14. The fiscal deficit at the end of 2014-15, stands at Rs. 5,01,880 crore which is 98% of the projected figure in RE 2014-15. Fiscal deficit as a percentage of GDP is 4% as against the RE of 4.1%. (4.4% for the previous year 13-14), finance ministry said in a statement. "The Union government is firmly committed to path of fiscal consolidation and this is a step forward," the ministry added. Revenue deficit at the end of 2014-15 is Rs.3,58,306 crore which is 99% of the projected figure in the RE 2014-15 and is 2.8% of the GDP as against the RE of 2.9% (3.2% for the previous year FY13-14), it said.

✍ India to grow at 7.5% in 2015-16: Moody's - Credit rating agency Moody's has placed confidence in the Indian growth story while saying that the country will grow at 7.5 percent in 2015-16, the highest among G20 economies. "We forecast strong growth in India, at 7.5 percent in 2015-16, the highest among the G20 economies. Lower oil prices will reinforce gradual growth-enhancing reforms to support robust economic activity over the forecast period," Moody's Investors Service said, in a report. "We expect a broadly balanced current account, for the first time in 10 years, thanks to lower energy import bill and restrictions in gold imports," Moody's added.
Drop of oil prices will benefit India most, according to Moody's while the country will also attract a lot of investment following the 'Make in India' campaign. "If implemented as intended, these reforms and the wide support for business-friendly policies will help achieve higher investment growth than in 2013-14," Moody's said.
✍ PNC Infratech IPO subscribed over 1.5 times - The initial public offering (IPO) of PNC Infratech was subscribed by over 1.5 times on the last day of the issue. The issue received bids for over 1.39 crore shares against the 90-odd lakh shares which were on offer. , while qualified institutional buyers' portion was subscribed over 4.5 times.The portion reserved for non-institutional investors was subscribed 0.65 times.The retail investors' portion got subscribed 0.28 times.The company launched its IPO with an aim to raise about Rs 488 crore from the equity markets.

✍ Assets of MFs to touch Rs. 20 trillion by 2018: AMFI -Association of Mutual Funds in India (AMFI) chairman Sundeep Sikka said that the asset base of the mutual fund industry is expected to grow at 8.6% per annum to Rs. 20 trillion by 2018, according to a media report.The mutual fund industry’s assets under management (AUM) swelled around 10% in April, riding on inflows into liquid, equity and balanced funds, latest numbers from AMFI showed. The tally at close of the month was Rs. 11.86 trillion, up Rs. 1.04 trillion over the previous month.Investors continued to be attracted towards equity funds despite a subdued performance of the asset class during the month. Indeed, the net inflow of Rs. 105.84 billion in April was the 12th consecutive month of net inflows in the category, and the largest in the last nine months.

✍ SBI Mutual Fund launches SBI Equity Savings Fund -SBI Mutual Fund announced the launch of SBI Equity Savings Scheme, an open-ended equity scheme, which has potential to offer three benefits in one fund - income opportunity, growth potential of equity and tax efficiency – as it is classified as an equity fund.Since the fund is classified as an equity fund for tax purposes, any investments/gains in the fund will be treated as per the current tax laws for equity-based funds.The scheme aims to generate income by investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and capital appreciation through a moderate exposure in equity.

✍ SEBI to explore social media to promote financial education -In order to spread financial education, Securities and Exchange Board of India (SEBI) has decided to track social media, internet and other mobile platforms, according to a media report.The SEBI is already present on platforms such as TV, radio and print newspapers for investor education and awareness programmes.The regulator has also carried out a number of campaigns in various languages including English, Hindi and regional languages spoken across India.SEBI is now planning to explore various other mediums such as outdoor media, advertising and social media in the current fiscal 2015-16, to spread investor awareness.In the SMS space, SEBI is specially targeting the schemes where investors are promised doubling of their investments within a few months, the media report added. Besides, SEBI is continuing its investor education and awareness programmes through newspapers.

✍ Not possible to provide monthly pension of Rs. 3K: Govt - It is not possible to provide minimum monthly pension of Rs. 3,000 under the Employees’ Pension Scheme 1995 (EPS-95), Labour Minister Bandaru Dattatreya said in a written reply to Rajya Sabha.“The higher level of minimum pension of at Rs. 3,000 is not possible without compromising the financial viability of the scheme,” Dattatreya said.In a separate reply, the Minister said “providing a minimum pension of Rs. 3,000 to lakhs of existing pensioners and crores of prospective pensioners has very huge financial implications.”

For Quick Trial – 08962000225
Or mail us here: [email protected] or visit
http://www.ways2capital.com/free-trial.php
Contact 0731-6554125
Toll Free – 1800-3010-2007
For Reports And Tracksheets -
http://www.ways2capital.com/downloads.php