TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

Nifty futures/Bank Nifty futures market closed on 7974 / 17235 . According to technical analysis if Nifty futures

and Bank Nifty future moves down-word in tomorrow treading session then 7920 will be small support for Nifty

futures and 17057 will be small support for Bank Nifty futures. If it break this level then then Nifty futures can go

down to 7775 level and Bank Nifty futures can touch 16747 level in next few days. It will be hard support for

Nifty futures and Bank Nifty futures. Meanwhile in up trend there is small resistance on 8048 for Nifty futures and

17515 is for Bank Nifty futures after breaking this level with volume there is big resistance for Nifty futures on

8117 and 18043 for Bank Nifty futures.

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )NIFTY

DAILY R2 R1 PP S1 S28242 8072 7987 7902 7732

WEEKLY R2 R1 PP S1 S28921 8257 7925 7593 6923

MONTHLY R2 R1 PP S1 S28921 8257 7925 7593 6923

BANK NIFTY

DAILY R2 R1 PP S1 S218218 17608 17303 16998 16388

WEEKLY R2 R1 PP S1 S219858 18058 17158 16258 14458

MONTHLY R2 R1 PP S1 S219858 18058 17158 16258 14458

MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS

NIFTY 7837 8130 8228 8395

BANK NIFTY 16835 17654 17969 18420

PARABOLIC SAR DAILY WEEKLY MONTHLY

NIFTY 7705 8407 8742BANK NIFTY 16660 18515 20335

NSE EQUITY DAILY LEVELS

COMPANY NAME R3 R2 R1 PP S1 S2 S3

ACC EQ 1409 1386 1374 1363 1351 1340 1317

ALBK EQ 82 79 77 75 73 72 69AMBUJACEM EQ 217 213 211 209 207 205 200ASIAN PAINT EQ 867 854 847 841 834 828 815AXISBANK EQ 521 509 502 496 490 484 471BAJAJ-AUTO EQ 2395 2352 2333 2308 2290 2265 2222BANKBARODA EQ 192 187 184 182 179 177 172BANKINDIA EQ 1153 1110 1084 1068 1042 1026 984BHEL EQ 219 210 205 201 196 192 183BHARTIARTL EQ 348 343 341 338 336 333 328CIPLA EQ 673 655 644 638 627 620 602COALINDIA EQ 339 333 330 327 325 321 316DLF EQ 147 141 137 135 131 129 123DRREDDY EQ 4344 4284 4258 4224 4198 4164 4104GAIL EQ 332 315 304 298 287 281 264GRASIM EQ 3670 3602 3565 3533 3497 3465 3396HCLTECH EQ 1028 948 902 868 823 788 709HDFC EQ 1288 1247 1222 1207 1181 1166 1125HDFCBANK EQ 1103 1085 1076 1067 1059 1050 1032HEROMOTOCO EQ 2573 2500 2456 2428 2383 2355 2282HINDALCO EQ 74 73 72 71 70 69 67HINDUNILVR EQ 850 834 825 818 809 802 786ICICIBANK EQ 282 275 271 268 264 261 254ITC EQ 344 337 333 330 326 323 316INDUSIND BANK EQ 997 975 966 953 944 931 909INFY EQ 1250 1213 1193 1176 1156 1139 1102JINDALSTEL EQ 64 62 61 60 59 58 56KOTAKBANK EQ 676 660 650 644 634 628 612LT EQ 1546 1514 1502 1482 1470 1450 1418M&M EQ 1327 1292 1271 1257 1236 1222 1187MRF EQ 43411 42586 42122 41761 41297 40936 40111MARUTI EQ 4925 4774 4677 4623 4526 4472 4321ONGC EQ 243 237 234 231 228 225 219ORIENTBANK EQ 141 137 134 132 130 129 127RCOM EQ 77 73 71 69 67 65 61RELCAPITAL EQ 399 386 379 374 367 361 349RELIANCE EQ 896 881 872 865 857 850 834RELINFRA EQ 372 361 354 350 343 339 328RPOWER EQ 47 45 44 43 42 42 40SBIN EQ 242 244 239 237 232 229 222SSLT( VEDL) EQ 91 88 85 84 81 80 76SUNPHARMA EQ 930 908 899 886 877 864 842TATAMOTORS EQ 229 223 221 217 2125 212 206TATAPOWER EQ 68 67 66 65 65 64 63TATASTEEL EQ 223 217 215 212 209 207 202UNIONBANK EQ 187 181 177 175 171 169 163

TOP 15 ACHIEVERS // TOP 15 LOOSERS

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION )

1. ZEEL NSE FUTURE : ZEEL FUTURE OPEN AT 394 CLOSE AT 400.95 MADE HIGH OF 403.35

AND LOW OF 386.05.ON DAILY CHART OF ZEEL MOVES IN UPWARD DIRECTION. WE CAN

MADE LONG POSTION IN ZEEL FUTURE ABOVE THE LEVEL OF 401 TGT 410 SL 395.

2. BHEL NSE FUTURE : BHEL FUTURE OPEN AT 207.90 CLOSE AT 200.40 MADE HIGH OF 208.15

AND LOW OF 199.50 ON DAILY CHART OF BHEL BEARISH MOVEMENT CAN WE SEEN WE

CAN MADE SHORT POSTION IN BHEL FUTURE BELOW 198 TGT 190 SL 204.

3. IDEA NSE FUTURE : IDEA OPEN AT 149.95 CLOSE AT A149.85 MADE HIGH OF 153.50 AND

LOW OF 147.30 ON DAILY CHART OF IDEA FUTURE SHOW BULLISH MOVEMENT. WE CAN

MADE LONG POSITION IN IDEA AT LEVEL OF 150 TGT 158 SL 146.

4. LUPIN NSE FUTURE : LUPIN OPEN AT 2060 CLOSE AT 2110 MADE HIGH OF 2131 AND LOW

2043.LUPIN SHOWS BULLISH MOVEMENT ON DAILY CHART WE CAN MADE LONG

POSTION IN LUPIN ABOVE THE LEVEL OF 2110 TGT 2200 SL 2040.

5. INDUSIND BANK NSE FUTURE : INDUSIND BANK OPEN AT 951 CLOSE AT 955 MADE HIGH

SR.NO SCRIPT NAME PREV CLOSE CMP % CHANGE

1 INFOTECH271.40 207.85 -23.42

2 TVS ELECTRONICS 114.60 99.60 -13.09

3GUJARAT GAS 553.90 486.50 -12.17

4 BOSCH LTD 21595 19306 -10.60

5TATA MOTORS 331.70 297.75 -10.24

6 HINDALCO INDUS 78.10 70.90 -9.22

7 HCL TECHNOLOGY 944 857.05 -9.21

8 DISH TV INDIA LTD116.35 106.35 -8.59

9ADANI POSRTS 332.90 305.05 -8.37

10 JINDAL STEEL 65.20 60.15 -7.75

11RUCHI SOYA 34 31.40 -7.65

12 APOWER FINANCE CO

244.10 226.35 -7.27

13BANK OF INDIA 143.55 134.35 -6.41

14 ARVIND LTD 291.15 272.55 -6.39

15TATA STEEL 226.45 212.25 -6.27

SR.NO SCRIPT NAME PREVCLOSE

CMP % CHANGE

1HEG LTD 137.95 155.70

+12.87

2 BHARTI INFRATEL 355.20 397.40 +11.88

3EIH LTD 97.85 105.20

+7.51

4 SHAKTI PUMPS 140.20 147.80 +5.42

5LAKSMI VILAS BANK 84.60 89.00

+5.20

6 RAMCO INDUST 113.10 118.80 +5.04

7 ULLTRATECH CEMENT 2673.40 2773.45

+3.74

8 BHARAT RASAYAN 877.05 909.70 +3.72

9LUPIN LTD 2034 2108.85

+3.68

10 GATI LTD 138.65 143.15 +3.25

11TITAN 317.85 327.25

+2.96

12 FUTURE RETAIL 121.80 125.25 +2.83

13SUN PHARAMA 868.40 891

+2.60

14 CHAMBAL FERTILIS 58.65 60.10 +2.47

15KAYA L 1021.10 1045.80

+2.42

OF 961 AND LOW OF 942.INDUSIND BANK SHOW BULLISH TREND ON DAILY CHART WE

CAN MADE LONG POSTION IN IT ABOVE THE LEVEL OF 960 TGT 1020 SL 930.

6. WOCKPHARMA NSE CASH : WOCKPHARMA GAINED 11% LAST WEEK AND MADE

WEEKLY HIGH OF 1549. IF IT CONTINUOUS TO TRADE ABOVE 1550 LEVEL THEN A

MOMENTUM RALLY CAN BE SEEN. LONG POSITION CAN BE MADE ABOVE 1552 FOT THE

TARGET OF 1640 WITH STOP LOSS OF 1462.

7. CAIRN NSE CASH : CAIRN GAINED 7% ON WEEKLY BASIS AND MADE HIGH OF 155.40. IF

IT BREAKS THIS LEVEL THE FURTHER UPSIDE IS EXPECTED UPTO 168 LEVEL.

8. LONG POSITION CAN BE MADE ABOVE 157.50 FOR THE TARGET OF 168 WITH STOPLOSS

OF 147.

9. INFRATEL NSE CASH : INFRATEL SHOWED UPWARD MOMENTUM ON LAST TRADING

SESSION AND GAINED 12%, THE RALLY IS EXPETED TO BE CONTINUE FOR THE LEVEL OF

435. LONG POSITION CAN BE MADE ABOVE 406 FOR THE TARGET OF 435 WITH STOPLOSS

OF 379.50.

10. INDIACEM NSE CASH : INDIACEM GAINED 6% AND MADE HIGH OF 82.90. LONG POSITION

CAN BE MADE ABOVE 85 FOR THE TARGET OF 94 WITH SL OF 76.

11. FRL NSE CASH : FRL CAN SHOW UPWARD MOMENTUM UPTO THE LEVEL OF 138 ,LONG

POSITION CAN BE MADE IN IT ABOVE THE LEVEL OF 128 FOR THE TARGET OF 138 WITH

THE SL OF 116.

12. NIFTY OPTION : ACCORDING TO TECHNICAL ANALYSIS WE CAN MAKE SHORT POSITION

IN NIFTY SO IN OPTION SEGMENT BUY NIFTY 8100 PUT OPTION ABOVE 180 TGT 300 SL 130

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK

Corporation Bank approves issuance of over 15.66 crore shares; stock flat - CorporationBank is currently trading at Rs. 43.9, down by 0.57% from its previous closing of Rs. 44.15 on

the BSE.The bank approved issuance of over 15.66 crore shares on preferential basis to

government valued at about Rs. 857 crore. The scrip opened at Rs. 44.6 and has touched a high

and low of Rs. 44.6 and Rs. 43.6 respectively. So far 10782 shares were traded on the counter.

The current market cap of the company is Rs. 3698.45 crore. The BSE group 'A' stock of face

value Rs. 2 has touched a 52 week high of Rs. 78.9 on 22-Jan-2015 and a 52 week low of Rs.

43.6 on 07-Sep-2015. Last one week high and low of the scrip stood at Rs. 46.35 and Rs. 44

respectively. The promoters holding in the company stood at 63.33 % while Institutions and

Non-Institutions held 29.37 % and 7.3 % respectively. The stock is currently trading above its

200 DMA.

Colgate-Palmolive issues bonus shares; stock flat - Colgate-Palmolive Ltd is currentlytrading at Rs. 947, down by 0.17% from its previous closing of Rs. 948.65 on the BSE. The

company said its shareholders have approved issuance of bonus shares in the ratio of 1:1. The

scrip opened at Rs. 946.5 and has touched a high and low of Rs. 947.45 and Rs. 935.4

respectively. So far 3914 shares were traded on the counter. The current market cap of the

company is Rs. 25801.92 crore. The BSE group 'A' stock of face value Rs. 1 has touched a 52

week high of Rs. 1099.25 on 15-Apr-2015 and a 52 week low of Rs. 810 on 26-Sep-2014. Last

one week high and low of the scrip stood at Rs. 1000 and Rs. 928 respectively. The promoters

holding in the company stood at 51 % while Institutions and Non-Institutions held 25.76 % and

23.24 % respectively. The stock is currently trading above its 100 DMA.

RBI cuts FY16 GDP growth target to 7.4% - RBI Governor Raghuram Rajan in hisspeech said that the modest pick-up in the growth momentum in the first half of 2015-16

benefited from soft commodity prices, disinflation, comfortable liquidity conditions, some

de-clogging of stalled projects, and higher capital expenditure by the central government.

Underlying economic activity, however, remains weak on account of the sustained decline in

exports, rainfall deficiency and weaker than expected momentum in industrial production and

investment activity. With global growth and trade slower than initial expectations, a continuing

lack of appetite for new investment in the private sector, the constraint imposed by stressed

assets on bank lending and waning business confidence, output growth projected for 2015-16 is

marked down slightly to 7.4 per cent from 7.6 per cent earlier. Concurrent indicators also

suggest that the new GDP series shows higher growth than would the old series, which

necessitates recalibrating old measures of potential output and the output gap to the new series.

GR Infraprojects to raise Rs. 400 cr via IPO - GR Infraprojects Ltd. is reportedlyplanning to raise ~Rs. 400 crore through an initial public offering to fund its growth and

provide exit route to some PE investors. The company has recently appointed 3-4 investment

banks to manage the process, according to a business daily. The Delhi-based infrastructure

company is involved in engineering, procurement and construction services for highways,

flyovers, bridges, buildings, air-field development, road upgradation, etc. Motilal Oswal Private

Equitys India Business Excellence Fund and IDFC Investment Advisors are looking to

partially sell their holdings through the IPO, the newspaper reports. India Business Excellence

Fund and IDFC Investment Advisors hold 9.9% and 5.9% stake in GR Infraprojects,

respectively. GR Infraprojects has ~1,887 lane km of NHAI projects under development worth

over Rs. 3,000 crore, and this year they have won orders worth over Rs. 2,000 crore.

Rajan plays Santa, cuts repo rate by 50 basis points to 6.75% - Acceding to the growingvoices for a rate cut from the Indian industry at large and perhaps exceeding their expectations,

Reserve Bank of India, in its fourth bi-monthly monetary policy of the current fiscal, has cut

the repo rate by 50 basis points to 6.75%, its lowest since May 2011. The cash reserve ratio,

currently at 4 per cent, expectedly was kept the same.

The RBI said in its statement that since the third bi-monthly statement of August 2015, global

growth has moderated, especially in emerging market economies, global trade has deteriorated

further and downside risks to growth have increased. In the United States, industrial production

slowed as capital spending in the energy sector was cut back and exports contracted, weighed

down by the strength of the US dollar. Consumer spending stayed buoyant, however, amidst

steadily improving labour market conditions. In the Euro area, a fragile recovery strengthened,

supported by domestic consumption, less slack in the labour market and improving financial

conditions engendered by ultra-accommodative monetary policy.

Due to a consistent downtrend in the consumer inflation in the recent months, the conditions

were right for the rate cut. The earlier monetary policy statement from RBI had reiterated that

the interest rate trajectory will be influenced by inflationary scenario, transmission of policy

action and exogenous variable of US Fed policy. Indias retail inflation for August slowed to

3.66%, when compared with the reading of 3.69% during the prior month. Earlier, the

government reported that wholesale prices contracted for the tenth consecutive month. WPI

inflation for August was reported at -4.95%.

A Reuters poll last week had majority of economists rooting for the rate cut. However, since the

monsoons have not been kind and have fallen below their long-term average, a pause in

expected in any further rate cut.

Reliance Mutual Fund launches Fixed Horizon Fund XXIX-Series 9 - Reliance MutualFund has introduced the Reliance Fixed Horizon Fund XXIX-Series 9, a close ended income

scheme. The NFO opens for subscription on September 29, 2015 and closes on September 30,

2015. No entry load and exit load will be applicable for the scheme. The minimum subscription

amount is Rs .5,000 and in multiples of Re 1 thereafter. The schemes performance will be

benchmarked against Crisil Composite Bond Fund Index and its fund manager is Amit Tripathi.

The schemes investment objective is to generate returns and growth of capital by investing in a

diversified portfolio of the following securities maturing on or before the date of maturity of

the scheme with the objective of limiting interest rate volatility of Central and State

Government securities and other fixed income/ debt securities.

Jaiprakash Associates to sell 49 MW Wind Power Plants - Jaiprakash Associates hasapproved the proposal to divest Company's Wind Power Plants in Maharashtra and Gujarat,

having an aggregate capacity of 49 MW, on slump sale basis. The stock is currently trading at

Rs. 11.38, up by 0.25 points or 2% from its previous closing of Rs. 11.13 on the BSE. The scrip

opened at Rs. 11.25 and has touched a high and low of Rs. 11.64 and Rs. 11.21 respectively. So

far 16669371shares were traded on the counter. The current market cap of the company is Rs.

2707.32 crore. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs.

35.1 on 19-Nov-2014 and a 52 week low of Rs. 7.95 on 25-Aug-2015. Last one week high and

low of the scrip stood at Rs. 12.08 and Rs. 10.25 respectively. The promoters holding in the

company stood at 39.38 % while Institutions and Non-Institutions held 28.07 % and 32.55 %

respectively.

NMDC may invest Rs. 4,000 cr to achieve 100 MTPA of iron ore production - At its 57thAnnual General Meeting, held on September 29 at Hyderabad, the state-run NMDC Ltd has

earmarked plans to invest Rs. 40,000 crore in the next 8 years to achieve a target of 100 million

tonnes per annum of iron ore production from the current levels of around 30 MTPA. In

addition, the mineral development major is also geared up for setting up a small glod refinery

in Tanzania. In oder to meet the target of 100 MTPA, we have earmarked an investment to the

tune of Rs. 4,000 cr in next 8 years. It will be utilised for developing new mines, steel plant,

Legacy Iron ore company and Slurry Pipe line 9 from, among others," Narendra Kothari,

Chairman and Managing Director, NMDC Ltd told on the sidelines of the AGM. The company

has spent Rs. 7,730 crore till last month on the upcoming 3 MTPA Steel Plant in Nagarnar in

Chhattisgarh. The total project cost is Rs. 15,500 crore, added Kothari. On BSE, shares of

NMDC Ltd closed at Rs. 91.55 on September 29. It opened lower at Rs. 93.30 as against its

previous close of Rs. 93.60 and sliped to a low of Rs. 91.20 during the session. Nearly, 3.36 lk

shares changed hands on BSE.

Reliance Jio raises Rs. 3,500 crore - Reliance Jio Infocomm has raised Rs.3,500 crore byissuing non-convertible debentures through private placement, according to reports. The

company reportedly said that the redemption date for 5-years debentures is January 21, 2020

and for 10-years debentures is January 21, 2025. The company said it had submitted a

disclosure document on July 30 this year for 35,000 secured redeemable non-convertible

debentures of the face value of Rs 10,00,000 each.

BANKING NEWSAcceding to the growing voices for a rate cut from the Indian industry at large and perhaps

exceeding their expectations, Reserve Bank of India, in its fourth bi-monthly monetary policy

of the current fiscal, has cut the repo rate by 50 basis points to 6.75%, its lowest since May

2011. The cash reserve ratio , currently at 4 per cent, expectedly was kept the same.Following

the repo rate cut by the Reserve Bank of India, public sector lender Bank of India this evening

announced reduction in its minimum lending or base rate by 25 basis points to 9.70 per cent

from 9.95 per cent, effective October 5.

Following the repo rate cut by the Reserve Bank of India, public sector lender Bank of India

this evening announced reduction in its minimum lending or base rate by 25 basis points to

9.70 per cent from 9.95 per cent, effective October 5.

Flagging cyber security as a critical area, RBI today said it will set up an IT subsidiary to deal

with newer risks and vulnerabilities emerging from greater use of technologies.

Within couple of hours of rate cut by the Reserve Bank, country's largest lender SBI slashed its

lending rate by 0.40 per cent, while the largest private sector lender ICICI Bank hinted at

cutting its base rate by at least 0.25 per cent.

State Bank of Bikaner and Jaipur today launched "MUDRA card" under Pradhan Mantri Mudra

Yojna to provide easier credit facilities to micro units started by entrepreneurs engaged in

non-farm activities, its official said here.

Top Economy news

The BJP-led government in Maharashtra decided to increase VAT on petrol and diesel, gold,

diamonds jewellery, cigarettes, alcohol and soft drinks from October 1 for next five months. It

has hiked VAT by 5% on cigarettes, alcohol, soft drinks while VAT has been increased to 1.20%

from 1% on gold and diamond jewellery.

The domestic gas price for the October 2015 to March 2016 period will be about 18% less than

the prevailing prices, according to a Government notification issued. The revised price as per

the formula approved in November last year will be USD3.82 per mBtu on a gross calorific

value basis.

Reserve Bank of India cut the repurchase, or repo rate by a higher-than-expected 50 basis

points to 6.75%, the lowest the key interest rate has been in four years.

The Reserve Bank lowered its inflation projection to 5.8% for January 2016 and said it will aim

to bring it down further to 5% by the end of next financial year. RBI had earlier projected

inflation at 6% by January.

The government is likely to give incentives to sugar mills to pay cane growers, government and

trade sources said, as part of efforts to help sugar companies saddled with large stocks and

lower prices. Sugar mills owe Rs120bn to cane growers, as sugar prices have fallen more than

20%.

Nitin Gadkari in letter written to the State Government has expressed the Centres willingness

to States request to convert roads connecting Anantapur with the new capital city of Amaravati

via Kurnool on the National Highway 65, spanning a stretch of 452 km at an investment of

Rs10bn.

Nearly 300,000 plantation workers, employed in different estates in Kerala, began an indefinite

strike to demand a wage hike and 20% bonus. Workers from all plantations including tea,

rubber, coffee and cardamom are participating in the strike, CPI-M state secretary and AITUC

leader Kanam Rajendran said.

The Odisha government will spend over Rs40bn on the IT and IT-enabled services sector in

next 5 years to create more than 100,000 jobs, Chief Minister Naveen Patnaik said.

Top Corporate News

Videocon Industries said that it has no plans to convert its loans into equity and is, in fact, paying all its loans in time. The company had sought shareholders approval for a conversion ofloans into equity in an Extraordinary General Meeting to be held in October as an enabling provision which led to speculation that it is converting its loans.

Essar Ports said shareholders have approved its proposal to raise up to USD1bn through securities from domestic and international markets to fund expansion plans.

Castex Technologies Ltd, which is being investigated by capital market regulator Sebi over possible rigging of share price, said it has completed conversion of its USD70mn FCCB into equity.

Capital First Ltd plans to raise Rs3.50bn from International Finance Corporation through subscription to the company's secured non-convertible debentures.

Sun Pharma said the US Food and Drug Administration has denied its application for approvalto launch a new anti-epilepsy drug, citing manufacturing quality issues at its production site.

Sterling Holiday Resorts Limited, a wholly owned independently managed subsidiary of Thomas Cook Limited, has won a bid to build a 3-star resort property at the proposed eco-tourism hub in Jalpaiguri, West Bengal. The company plans to build a 50-70 room eco-resort spread over a three-acre land with an investment of about Rs250-300mn.

Buoyed by its 106% jump in profit, aluminium giant Nalco is all set to invest over Rs650bn to launch projects in the country and abroad, besides undertaking expansion and diversification into power and mining sectors in a big way.

NTPC's 4,000-MW Lara thermal project in Chhattisgarh will go on stream by March 2017, with a likely commissioning of its first 800-MW unit.

As it prepares to launch its banking services, IDFC Bank is contemplating not having its own ATMs and making transactions at rivals' ATMs free for customers, a senior official said.

ITC Ltd has announced launching of grease-resistant paper boards. The paper boards and specialty papers division of the company announced that it developed the foodgrade paper board variety targeting the food industry particularly the quick service restaurant chains and sweet shops.

Bharat Heavy Electricals Ltd said it has commissioned a 250 MW coal-based thermal power unit at Sikka in Gujarat.

IndianOil has embarked on a programme to ensure that all its fuel outlets in the country are fully automated in five years. The Corporation has about 25,000 petrol pumps of which 8,800 are automated.

Jaypee Infratech, the developer and operator of the Yamuna Expressway, has defaulted on its payment to lenders. Following the delay in payment, ratings firm Care has downgraded the rating on the company's Rs13bn bonds and a term loan of Rs65.50bn to Care D, or default category.

Lanco Infratech Ltd has entered into two power purchase agreements and restructured financials for three other projects. According to T Adibabu, Chief Operating Officer, Finance, Lanco Infratech, These are significant developments giving clear visibility to the completion of projects costing almost Rs400bn. With the commissioning of these plants, the company will have a consolidated operating power capacity of around 8000 MW by FY18.

Larsen & Toubro said its arm L&T Construction has bagged orders worth Rs15.09bn so far this month.

Dr Reddy's Laboratories has launched the generic version of Astrazeneca's Nexium, used to treat acid reflux, in the US market.

Gammon India has received a huge order from the NHAI. The company has secured an engineering, procurement and construction order for four laning of Udhampur to Ramban Section of NH-1A in the State of Jammu & Kashmir under NHDP Phase-II, the company said in a release. The project is valued at Rs17.09bn.

Indian Hume Pipe has secured orders worth of Rs12.31bn for Telangana Water Grid project inrespect of Telangana Drinking Water Supply Projects of Mahabubnagar and Nizamabad districts from Rural Water Supply and Sanitation Department, Government of Telangana.

Neyveli Lignite Corporation Limited , which comes under Ministry of Coal, to set up solar power plants to produce 4000 mega watt of power. Going by the current value the whole project will attract investment to the tune of Rs280-300bn.

Jaiprakash Power Ventures Ltd said its shareholders have approved Rs10bn investment in its subsidiary PPGCL for setting up a 1,980 Mw thermal power plant.

Lenders of Amtek Auto have agreed to give additional funds to the troubled auto component-maker but have asked the promoters to bring in some equity first.

ABB, has energised the first pole of the North-East Agra 800 kilovolt ultra-high voltage direct current transmission link, which will supply clean hydropower from northeastern India to a nodal substation in Agra and from there, feed it across north India.

Suzlon Energy said it has completed the commissioning of 100.8 Mw wind power turnkey project for CLP India. The project is located at Tejuva, Jaisalmer in Rajasthan.Crompton Greaves said it has bagged a EUR17mn order from Spanish utility Gas Natural Fenosa for supplying ZIV single and three phased smart meters.

Power Grid Corporation of India completed the construction and started power supply in its first 'Power Transmission Express Highway' or the longest HVDC power transmission corridor connecting northern states with north eastern region. The corridor would facilitate to and fro power supply as per seasonal demand and supply position.

NMDC Limited is planning to set up a small gold refinery in Tanzania next year.

Shree Renuka Sugars said its Brazilian subsidiary has filed for bankruptcy protection as its operations were hit by a crash in sugar prices in the last two years.

Zee Entertainment Enterprises Limited will launch a new television channel, Zee Magic, forFrench audiences in Africa.

Hero MotoCorp unveiled two scooter models, developed on its own, as it aims to consolidate its position in the fast growing segment. Maestro Edge, which is priced between Rs 49,500 and Rs 50,700will go on sale from October 13. The roll out of the second model Duet would followthereafter.

Suzlon Energy said it has completed the commissioning of 100.8 Mw wind power turnkey project for CLP India. The project is located at Tejuva, Jaisalmer in Rajasthan.

India's largest lender, State Bank of India has cut base rate by 40 basis points to 9.3%, makingit lowest in the country.Videocon Industries Ltd has bolstered its product line with a new range of energy efficient air-conditioners, refrigerators and washing machines, while upgrading its television line-up with liquid luminous range.

SRS Group, which is foraying into the pharmacy segment, plans to open around 300 drug stores over the next three to five years in the country.

Nestle India has ended its contract with the lone third party producer of its Maggi instant noodles, SAJ Food Products, which means the Swiss food giant will no longer outsource production of the popular snack brand that was recently recalled on safety concerns.

Debt-ridden infrastructure firm Lanco Infratech has temporarily shelved asset disposal plans but would sell at least 3,000MW of power assets in FY18 fetching an enterprise valuation of Rs250bn to help retire a debt of around Rs 180bn.

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