Good Morning India - What's Happening, and Where, on Sep 27
- Main events scheduled today.
.
QUOTE OF THE DAY
"We all know that Manmohan Singh loves Bush. But I don't understand
why he
brought all of India into it."
- CPI(M) General Secretary Prakash Karat reacting strongly in New
Delhi to a
remark by Prime Minister Manmohan Singh that the people of India love
US
President George Bush deeply, at a dinner hosted by the latter in
Washington
on Thursday. (Daily News & Analysis)
.
SATURDAY'S LEADERS: * Globoil India.
.
GLOBOIL INDIA
* Day 2 of 3-day meet on global edible oil industry. Key speakers
include FMC
head Khatua, Godrej International Director Mistry, LMC International
head
Fry, and Oil World Chief Editor Mielke. 9AM, Mumbai.
.
CORPORATE EVENTS
* AGM of
+ 21st CENTURY MANAGEMENT SERVICES. + LAFFANS PETROCHEMICALS.
+ AASHEESH SECURITIES. + LEAD FINANCIAL SERVICES.
+ ABHISHEK CORP. + LOHIA SECURITIES.
+ ADITYA SPINNERS. + LOKESH MACHINES.
+ AEGIS LOGISTICS. + LORDS CHEMICALS.
+ ALPS INDUSTRIES. + MAC CHARLES INDIA.
+ ANAND ELECTRIC SUPPLY CO. + MANGALAM VENTURES.
+ ANDHRA PETROCHEMICALS. + MAHARASHTRA POLYBUTENES.
+ ANKUR DRUGS & PHARMA. + MAHARASHTRA SEAMLESS.
+ ARCEE INDUSTRIES. + MAXIMAA SYSTEMS.
+ ARIHANT CAPITAL MARKETS. + MODERN STEELS.
+ ARVIND INTERNATIONAL. + MP AGRO INDUSTRIES.
+ ASIAN GRANITO INDIA. + MURUDESHWAR CERAMICS.
+ ATLANTA. + MRUGESH TRADING.
+ ATN INTERNATIONAL. + NEHA INTERNATIONAL.
+ ATUL AUTO. + NG INDUSTRIES.
+ AUTOLINE INDUSTRIES. + ND METAL INDUSTRIES.
+ AVANTI FEEDS. + NUCENT FINANCE.
+ AXEL POLYMERS. + NUMERO UNO PROJECTS.
+ BALA TECHNO GLOBAL. + NU TECH CORPORATE SERVICES.
+ BALA TECHNO INDUSTRIES. + NU TEK INDIA.
+ BALAJI DISTILLERIES. + ORICON ENTERPRISES.
+ BELLARY STEELS & ALLOYS. + PANACEA BIOTEC.
+ BENTLEY COMMERCIAL ENTERPRISES. + PANCHSHEEL ORGANICS.
+ BHAGAWATI GASES. + PANTHER INDUSTRIAL PRODUCTS.
+ BHATINDA CHEMICALS. + PATELS AIRTEMP INDIA.
+ BIO GREEN INDUSTRIES. + PFL INFOTECH.
+ BITS. + PNB GILTS.
+ BRILLIANT SECURITIES. + PRAKASH INDUSTRIES.
+ CEEJAY FINANCE. + PRECISION PIPES AND PROFILES
CO.
+ CINERAD COMMUNICATIONS. + PRECISION WIRES INDIA.
+ CENTUM ELECTRONICS. + PRANAVADITYA SPINNING MILLS.
+ CHD DEVELOPERS. + PRIYADARSHINI SPINNING MILLS.
+ CHL. + PUNJAB ALKALIES & CHEMICALS.
+ CLARUS FINANCE & SECURITIES. + RADHA MADHAV CORP.
+ CLUTCH AUTO. + RAISAHEB RECKHCHAND MOHOTA
SPINNING.
+ COASTAL TRAWLERS. + RAJ PACKAGING INDUSTRIES.
+ CYBELE INDUSTRIES. + RAJATH FINANCE.
+ DANLAW TECHNOLOGIES INDIA. + RAJASTHAN TUBE MANUFACTURING
CO.
+ DESH RAKSHAK AUSHDHALAYA. + RAM INFORMATICS.
+ DHANALAKSHMI BANK. + RUTTONSHA INTERNATIONAL
RECTIFIER.
+ DIAMANT INVESTMENT & FINANCE. + SADBHAV ENGINEERING.
+ DIVYASHAKTI GRANITES. + SAHARA HOUSINGFINA CORP.
+ DONEAR INDUSTRIES. + SALGUTI INDUSTRIES.
+ DS KULKARNI DEVELOPERS. + SAMBANDAM SPINNING MILLS.
+ DUROFLEX ENGINEERING. + SAMPRE NUTRITIONS.
+ DYNAMATIC TECHNOLOGIES. + SAMRAT PHARMACHEM.
+ ELCOT HITECH TOOLROOM. + SANGHI INDUSTRIES.
+ ELDECO HOUSING & INDUSTRIES. + SAPTARISHI AGRO INDUSTRIES.
+ ENKEI CASTALLOY. + SAVERA INDUSTRIES.
+ ESSAR SHIPPING. + SEJAL ARCHITECTURAL GLASS.
+ EUROTEX INDUSTRIES. + SCANA COLOR INDIA.
+ GANESH HOUSING CORP. + SHARP TRADING & FINANCE.
+ GANGOTRI CEMENT. + SMIFS CAPITAL MARKETS.
+ GARWARE WALL ROPES. + SOLECTRON EMS INDIA.
+ GONTERMANN PEIPERS. + SHREYANS INDUSTRIES.
+ FAME INDIA. + SHREYAS SHIPPING & LOGISTICS.
+ HEG. + STEELCAST.
+ HIRAN ORGOCHEM. + STEP TWO CORP.
+ HINDUJA VENTURES. + SUASHISH DIAMONDS.
+ HINDUSTAN BIO SCIENCES. + SUNDARAM MULTI PAP.
+ HTMT GLOBAL SOLUTIONS. + SURYADEEP SALT REFINERY &
CHEMICALS.
+ IND AGIV COMMERCE. + SIDDHESWARI GARMENTS.
+ INCAP. + SWISS GLASCOAT EQUIPMENTS.
+ INDUSTRIAL INVESTMENT TRUST. + TEESTA AGRO INDUSTRIES.
+ ITL INDUSTRIES. + THAKRAL SERVICES INDIA.
+ INDO GREEN PROJECTS. + UNIROYAL MARINE EXPORTS.
+ INTEGRATED PROTEINS. + USHAKIRAN FINANCE.
+ IQMS SOFTWARE. + VARDHMAN POLYTEX.
+ JAGSON AIRLINES. + VCCL.
+ JINDAL WORLDWIDE. + VIJAY TEXTILES.
+ JUBILANT ORGANOSYS. + VIKASH METAL & POWER.
+ KABSONS INDUSTRIES. + VINATI ORGANICS.
+ KANDAGIRI SPINNING MILLS. + VISHVPRABHA TRADING.
+ KANISHK STEEL INDUSTRIES. + VIVIMED LABS.
+ KHANDELWAL EXTRACTIONS. + WEBEL-SL ENERGY SYSTEMS.
+ KLK ELECTRICAL INDUSTRIES. + WELSPUN INDIA.
+ KOHINOOR FOODS. + ZODIAC JRD- MKJ.
+ LA OPALA RG. + ZENITH EXPORTS.
+ LADDERUP FINANCE.
* EGM of
+ TATA COFFEE.
* BOARD MEETING of
+ ABHISHEK CORP to consider raising funds by way of deposits.
+ DS KULKARNI DEVELOPERS to mull fixed deposit scheme for 2008-09.
+ SUZLON ENERGY to consider rights issue to an extent of 18 bln
rupees.
.
MARKETS
Call : Seen firm as banks borrow to meet reserves for new Reporting
Fortnight.
CBLOs in 9-10% band. 2-day call: 10-12% vs 9.00-9.50% 3-day
Fri.
.
Bonds : Not traded Sat. Seen down Mon as traders may sell eyeing big
supply of
bonds due in Oct. 10-yr yld: 8.50-8.75% Mon vs 8.59% Fri.
Rupee : Not traded Sat. Mon, to take cues from dlr tracking the fate
of the US
bailout plan for banks. Range: 46.20-46.60 vs 46.55 Fri.
.
Stocks: Not traded Sat. Shrs seen down Mon; US bailout package
progress eyed.
Sensex range: 12900-13250; Fri end 13102, down 445 pts, or
3.3%.
.
MEDIA PICKS
==HOME FRONT==
* PM call to combat terrorism (AA)
* Nanavati report clean chit far from truth, says 2002 NHRC chief (IE)
* Cong: Modi would have been hanged elsewhere (DNA)
* Pawar scent gets stronger in church property deals (DNA)
* Over 60 killed, 740 villages remain marooned in Orissa floods (NW18)
* Congress' Mumbai chief targets corruption, ugly hoardings (IE)
* Army: Seven terrorists killed in Assam (AA)
* HC scraps 'flawed' percentile system of admissions for XIth (ToI)
* Dawood's link to Ahmedabad blasts (MM)
==FOREIGN AFFAIRS==
* US president says working hard to get Indo-US nuclear deal passed
(NW18)
* Pak, US troops exchange fire (DNA)
* China toxic milk sickens zoo animals (DNA)
* Poll finds McCain has edge on security (HT)
* Nepali leaders train guns at Maoists in Prachanda's absence (HT)
* Bush vetoed Israel plan to bomb Iran (AA)
==BUSINESS AND ECONOMY==
* HCL counters Infosys bid to buy Axon for 441.1 mln sterling (NW18)
* Jaguar Land Rover Halewood unit to suspend production Oct last wk
(NW18)
* PM econ panel head says 3G spectrum auction plan "myopic" (NW18)
* Regulator says Indian insurance cos' solvency margins adequate
(NW18)
* Railway board member hints at stable freight rates FY09 (NW18)
* Govt source says Tata Motors MD to meet Bengal CM Sun on Singur
issue (NW18)
* BPCL FY09 net profit seen near FY08 levels; oil pdts output up 10%
(NW18)
* Tata Power, Damodar Valley in pact for renewable energy ventures
(NW18)
* JP Morgan India CEO sees local shr mkt's mid-long term view bright
(NW18)
* Head says Andhra Bank to revalue immovable assets to boost capital
(NW18)
* Honda to advance launch of small car Jazz in India by 5-6 mos (NW18)
* Kingfisher Airlines to hike domestic fares up to 5% from Oct (NW18)
* Govt allots 351,669 tn more PDS wheat, 70,500 tn rice to non-poor
(NW18)
* Expert Mistry sees mustard area falling if no import duty imposed
(NW18)
* Source says Tata Motors MD may meet Bengal CM Sun on Singur issue
(NW18)
* Home rentals heading south too (DNA)
* Bharti dials Unilever for talent (ET)
* Deutsche Bank to buy 5% in BPL (ET)
* US investors too put Bengal on watchlist (FE)
* DGH moots graded system for rig moratorium (FE)
* Essar still undecided on refinery plans (FE)
* Markets tumble on biggest banking failure in US (ToI)
* Nestle to invest 6 bln rupees in India next year (HBL)
> FROM OVERSEAS
* US Federal Reserve ups liquidity support to help qtr-end funding
(NW18)
* Congress will get consensus for bailout: George Bush (BS)
* JP Morgan acquires WaMu after biggest US bak failure (BS)
* China allows short sales, margin loans to help market (BS)
* US economic growth slower than estimated (BS)
* HSBC cuts 1, 100 jobs in wholesale banking division (BS)
* Sarkozy pushes back deficit reduction as growth slows (FE)
==SPORTS==
* Delhi stare at defeat (ToI)
* BCCI set for smooth change of guard (ToI)
* Changzhou is Saina town (ToI)
* Fan pays bill, hockey federation plays hookey (HT)
* Kaushik back at helm of women's team (AA)
* Dempo break AFC Cup last-8 jinx (AA)
==OF INTEREST==
* Farmers in Dharwad eagerly await the Nano plant (BS)
* By 2010 India will have 60% of world's heart patients: Study (IE)
.
Sources - Television, print, or Web editions of:
AA--The Asian Age; ABC--ABC News; AFP--Agence France-Presse; AJ--Aaj
Tak;
AP--Associated Press; APP--Associated Press of Pakistan; BS--Business
Standard; BL--The Hindu Business Line; NW18--NewsWire18; CNA--Channel
News
Asia; CNN--CNN.com/CNN TV channel; DD--Doordarshan; DT--Daily
Telegraph;
DNA--Daily News and Analysis; ET--The Economic Times; FT--Financial
Times;
FE--The Financial Express; GU--Guardian Unlimited; HT--Hindustan
Times;
IE--Indian Express; IHT--International Herald Tribune; IPS--Inter
Press
Service; LS--Loksatta; MWA--MarketWatch; NDTV--New Delhi Television;
NYT--New
York Times; PTI--Press Trust of India; STR--Star News; TEL--The
Telegraph,
Kolkata; TH--The Hindu; ToI--The Times of India; TT--The Times,
London;
var--various; VoA--Voice of America; WP--Washington Post; WSJ--The
Wall
Street Journal; ZEE--Zee News.
.
.
WEEK AHEAD
Sep 30: India balance of payments for Apr-Jun to be detailed by RBI.
Sep 30: RBI to release foreign exchange reserve accretion data for Apr-
Jun.
Sep 30: CPI for Industrial Workers for August to be detailed by Labour
Bureau.
Sep 30: Central government finances for Apr-Aug to be detailed by
Controller
General of Accounts.
Oct 1: Trade data for August to be detailed by commerce and industry
ministry.
Oct 1: BSE press meet to launch currency derivatives. SEBI Chairman
Bhave to be
present. 8:30AM, Mumbai.
Oct 1: RBI's weekly auction of 50 bln rupees of 91-day T-bills, with
no Market
Stabilisation Scheme component. (Previous: cutoff 8.5619% vs
8.6456% a
week ago.)
Oct 1: RBI's fortnightly auction of 20 bln rupees of 182-day T-bills,
with no
Market Stabilisation System component. (Previous: cutoff
8.7705% vs
9.0768% a fortnight ago.)
Oct 2: Public holiday for Gandhi Jayanti and Ramzan Id. Govt offices
and most
markets to remain shut.
Oct 3: WPI inflation for week to Sep 20 to be detailed by commerce
ministry.
Oct 3: Weekly Statistical Supplement to detail: FX reserves as on Sep
26.
(Previous: Sep 19: $291.97 bln, up $2.51 bln on week, up $56.08
bln
on year); WMA advances to central govt: outstanding on Sep 26.
(Previous nil). RBI bond purchases/sales via OMO in week to Sep
26
(Previous Sep 19 week: bought 250 mln rupees of gilts, sold 250
mln
rupees worth gilts).
.
ON THE HORIZON
Oct wk 2: Rail freight traffic in September to be detailed by railway
ministry.
Oct wk 2: Cement production and sales in September to be detailed by
CMA.
Oct wk 2: Growth in six key infrastructure industries in August to be
detailed
by commerce and industry ministry.
Oct wk 2: Automobile sales data for September to be detailed by SIAM.
Oct wk 2: GSM mobile subscriber addition in September to be detailed
by COAI.
Oct 9: Public holiday for Dussehra. Govt offices and most markets to
remain
shut.
Oct 10: Industrial growth for August to be detailed by CSO.
Oct 17: Five-week monsoon session of Parliament to begin.
Oct wk 3: Crude, refinery output for August to be detailed by
petroleum
ministry.
Oct 24: RBI mid-term review of FY09 monetary policy.
Oct 28: Public holiday for Diwali. Govt offices and most markets to
remain
shut. NSE, BSE closed for normal trading, but will be open for
a
special Muhurat session. MCX, NCDEX also closed for normal
trading, but
will be open for Muhurat trading.
Oct 30: Public holiday for BhauBhij. Govt offices and most markets to
remain
shut.
Nov 13: Public holiday for Guru Nanak Jayanti. Govt offices and most
markets to
remain shut.
Nov 28: India's GDP growth in Jul-Sep to be detailed by CSO. End
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