001: NW18: Good Morning India - What's Happening, and Where, on Mar 15

002: (NewsWire18) - Main events scheduled today.

003: .
004: QUOTE OF THE DAY
005: "You loved me and I loved you with true radical love. You scolded me at times
006: and I scolded you, but that scolding was an act of love."
007: - Hugo Chavez, president of Venezuela, speaking at the funeral of Lina Ron,
008: a political activist who advocated violence in the name of revolution. (The
009: Times)
010: .
011: TUESDAY'S LEADERS: * Cabinet meet. * Ramesh speak
012: * Data alert==> * Japan retail sales. * US FOMC.
013: .
014: CABINET MEET
015: * Union Cabinet to meet. 1800 IST, New Delhi.
016: .
017: CORPORATE EVENTS
018: * EGM
019: + CORPORATION BANK.
020: * BOARD MEETINGS of
021: + BHARAT HEAVY ELECTRICALS to consider interim dividend.
022: + CHAMBAL FERTILIZERS & CHEMICALS to consider recast of shipping business.
023: + IND-SWIFT LABORATORIES to consider share allotment on warrant conversion.
024: + SATHAVAHANA ISPAT to consider allotment of share warrant/ equity shares to
025: Ganapati Adusumilli Fininvest Pvt Ltd / Stemcor AG.
026: + TECHTRAN POLYLENSES to consider conversion of 655,000 warrants and allot
027: 655,000 equity shares to Credence Infrastructure.
028: * PRESS MEET of
029: + VISTEON CORP to showcase two concept cars, 1100 IST, MUMBAI.
030: .
031: DATA ALERT
032: * from OVERSEAS
033: > JAPAN JANUARY revised retail sales. 1000 IST
034: > GERMANY MARCH ZEW Indicator of Economic Sentiment. 1530 IST
035: > EUROZONE FOURTH QUARTER employment. 1530 IST
036: > US ICSC-GOLDMAN SACHS Chain Store Sales Index for Mar 12 wk. 1715 IST
037: > US EMPIRE STATE March manufacturing survey. 1800 IST
038: > US FEBRUARY IMPORT, export price indexes. 1800 IST
039: > US JOHNSON REDBOOK Retail Sales Index for week to Mar 12. 1825 IST
040: .
041: .
042: CONFERENCES
043: * AVIATION MEET: Civil Aviation Secretary Zaidi, Kingfisher Airlines Chairman
044: Mallya, SpiceJet CEO Mills, Deccan 360 Chairman Gopinath and Go Airlines CEO
045: Khona to speak at conference on aviation sector. 1000 IST, New Delhi.
046: * CLIMATE CHANGE: Environment Minister Ramesh, SRF Chairman Ram, Rio Tinto
047: India MD Senapati and Tata Services Resident Director Wakhlu to speak at
048: conference on climate change. 1000 IST, New Delhi.
049: * WEAVING TEXTILE: Raymond Apparel President Joshi, Mafatlal Industries
050: President Ranjan to attend textile conference and exhibition. 1000 IST, Mumbai
051: .
052: .
053: RBI COUNTER
054: * DAILY LAF TENDERS: One set of 1-day reverse repo (at 5.50%) and 1-day repo
055: (at 6.50%). Bids for the tender may be submitted between 0930 IST and 1030 IST.
056: * To auction nine states' 10-year bonds worth 52.33 bln rupees.
057: .
058: MISC.
059: + JD Power Asia Pacific customer satisfaction awards for automobiles sector.
060: 1915 IST, New Delhi.
061: .
062: MARKETS
063: Call : Seen firm as demand strong on start of Reporting Fortnight.
064: 1-day call: 6.80-7.00% vs 6.85-6.90% Mon.
065: .
066: Bonds : Seen weak as traders trim positions after sharp spike in inflation
067: spurs RBI rate hike concerns. 10-yr yld: 7.95-8.00% vs 7.98% Mon.
068: .
069: Rupee : Seen up tracking equities, which are expected to open firm. But, dollar
070: bids from oil importers may weigh. Range: 44.90-45.25/$1; 45.06/$1 Mon.
071: .
072: Stocks: Seen weak at open as global equities slide; trade to remain choppy.
073: Nifty range: 5460-5550; Mon end 5531.50, up 86.05 points.
074: .
075: MEDIA PICKS
076: ==HOME FRONT==
077: * Police says 30 Naxals gunned down in Chhattisgarh (PTI)
078: * Jat stir enters eighth day, rail services remain hit (PTI)
079: * Court orders further probe into Kerala's palmolein import scam (ToI)
080: * Blast at Congress office in Guwahati, two injured (var)
081: * PM Singh says India to review nuclear plant safety (var)
082: * Indian Navy captures 61 pirates on Mozambican ship (var)
083: * SC refuses to stay high court order for Tiwari's DNA test (var)
084: * BJP uproar in Parliament over alleged role of Bansal in shop scam (PTI)
085: * India checks pilots for 'fake licences' (AFP)
086: * Dalai Lama turns down plea to continue as Tibetan political head (PTI)
087: * Major general praises Gujarat CM Modi, raises eyebrows at army HQ (ToI)
088: * Indian girl raped, killed in Australia (var)
089: * KPMG study says realty, telecom most corrupt sectors (ToI)
090: * CVC to directly deal with tainted babus (ToI)
091: * Investigate security angle in Hasan Ali case says ED (ET)
092: ==FOREIGN AFFAIRS==
093: * Nuclear meltdown alert at Japan reactors (BBC)
094: * Japan struggles in tsunami, earthquake aftermath (var)
095: * Afghanistan suicide bombing kills 36 at army centre (BBC)
096: * Libya says 'armed gangs' cleared from Brega (Sky News)
097: * Chinese premier reiterates need to carry out political reforms (BBC)
098: * Premier Wen says Jasmine uprising won't happen in China (ToI)
099: * Gulf nations rush troops to Bahrain to quell protests (ToI))
100: * US, Pakistan talk 'blood money' to settle Davis issue (ToI)
101: ==BUSINESS AND ECONOMY==
102: > INDIA-RELATED
103: * Pranab says possible to stick to FY12 fisc, revenue gap targets (NW18)
104: * Govt hints at review of service tax on air-conditioned hospitals(NW18)
105: * India Feb WPI inflation rate 8.31% vs 8.23% Jan (NW18)
106: * Railways plan 5-trln-rupee fund for unviable projects (FE)
107: * NTPC says placed bulk order for 6 turbine generators of 660MW each (NW18)
108: * Maruti Suzuki says co still assessing impact of Japan quake on ops (NW18)
109: * Kingfisher may launch GDR issue next month (ET)
110: * Ashok Leyland official says JV with John Deere to start Jul-Dec (NW18)
111: * SC says IT Dept, SBI claims on Harshad Mehta estate valid (FE)
112: * Godrej sees realty ops group's top profit earner in 10 yr (NW18)
113: * Jindal Steel head says 1.7 mln tn Bolivian plant to start ops mid-2014 (NW18)
114: * Air India to sell Nairobi, Paris properties to raise funds (FE)
115: * ONGC loses bid to buy Exxon's 25% stake in Angolan field (var)
116: * Arshiya Intl shelves UAE free trade zone plan on West Asia unrest (NW18)
117: * GE to invest $200 mln in India unit (ToI)
118: * Zicom Electronic to invest up to 500 mln rupees in arm Zicom SaaS (NW18)
119: * BSNL seeks extension of 20 bln rupees subsidy (ET)
120: * Sun TV to hike ad rates of Malayalam, Kannada channels Apr 1 (NW18)
121: * NHPC in pact with Bhutan govt to provide svcs for a power project (NW18)
122: * Electrotherm India's FY11 sales seen up 30% at $700 mln (NW18)
123: * POSCO project faces fresh protest ahead of Orissa report (ET)
124: * SEBI yet to clear Vedanta Group's open offer for Cairn India (NW18)
125: * Private equity investors eye 25% in Dhanlaxmi Bank for 5 bln rupees (ToI)
126: * Global shipping freight rates like to rise after Japan quake (ET)
127: * MOIL head sees FY11 net sales at 11 bln rupees, up 13% on yr (NW18)
128: * CONCOR's auto logistics JV to start ops by month-end (BS)
129: * Orbit Corp says FY11 net profit growth seen 10% vs targeted 40% (NW18)
130: * CCL Products head sees FY12 revenues at 5 bln rupees (NW18)
131: * Educomp Solutions gets 679.3-mln-rupee order from Maharashtra govt (NW18)
132: * Surya Healthcare buys Medimart for 110 mln rupees (ET)
133: * US FDA may inspect Abbott's Baddi plant Apr as unit to expand ops (NW18)
134: * Adi Godrej says Godrej Properties to build hotel at Vikhroli in Mumbai (NW18)
135: * Govt Apr 1 wheat stocks seen slipping 1 mln tn on yr to 14.3 mln (NW18)
136: * Cognizant to give 200% bonus to top performers (ToI)
137: > FROM OVERSEAS
138: * Warren Buffett's firm buys Lubrizol chemicals firm for $9bn (var)
139: * China rules out faster yuan rise despite soaring prices(BBC)
140: * Report says interest rate hike can derail UK recovery (BBC)
141: * Bank of Japan pumps in $183 bln to calm markets (var)