'BUY' or 'SELL' Ideas ,Stock Market tips,Equity Tips,Commodity Tips-1 May

Piramal to acquire 10% stake in Shriram City for Rs 790 cr 

NEW DELHI: Piramal Enterprises, promoted by Ajay Piramal, today proposed to acquire 9.99 per cent stake in NBFC firm Shriram CityBSE 5.11 % Union Finance for about Rs 790 crore.

Piramal Enterprises has agreed to acquire 65.8 lakh shares for cash on preferential basis at a price of Rs 1,200 per share of Shriram City UnionBSE 5.11 % Finance.

This represents 9.99 per cent of the post-diluted equity share capital, Shriram City Union FinanceBSE 5.11 % said in filing to the BSE. 

Shares of Shriram City Union Finance closed at Rs 1,183.05 per unit, up 5.11 per cent on the BSE. 

Sensex, Nifty closed on account of Maharashtra Day 

NEW DELHI: Indian stock market will remain shut on Thursday, 1st May on account of public holiday. The BSE, NSE will remain closed for " Maharashtra Day". 

Profit booking continued unabated on D-Street for the fourth consecutive day at a stretch as the world's largest democracy went in for 7th phase of polling. The index finally closed below its crucial psychological level of 6700 on Wednesday. 

'BUY' or 'SELL' Ideas ,Stock Market tips,Equity Tips,Commodity Tips -30 Apr

Sell Apollo Tyres with a stop loss of Rs 166: Mitesh Thacker 

Apollo Tyres LtdBSE -0.43 % is a 'sell' call with a target of Rs 155 and a stop loss of Rs 166. 

Rupee may open little changed; US Fed policy watched 

Rupee was seen opening little changed around 60.40 compared with its Tuesday's close of 60.42/43 as expectations of strong corporate inflows are likely to be offset by caution ahead of US Federal Reserve's policy meet outcome due late on Wednesday. 

Expectations of strong local equities may support the rupee but mixed cues from Asian markets may check gains, traders said. 

Shares were set to open higher on Wednesday on the back of continued foreign institutional investor buying in cash shares. 

Rupee was seen trading at 60.36-60.38 in the offshore NDF market

'BUY' or 'SELL' Ideas ,Stock Market tips,Equity Tips,Commodity Tips -29 Apr 2014

'BUY' or 'SELL' ideas from experts for Tuesday, 29 April 2014 

NEW DELHI: Indian markets are expected to trade in a range with a negative bias on Tuesday following muted trend seen in other Asian markets. 

Wockhardt LtdBSE 2.98 % is a 'BUY' call with a target of Rs 800 and a stop loss of Rs 690 

Gujarat GasBSE 3.48 % Ltd is a 'BUY' call with a target of Rs 410 and a stop loss of Rs 374 

Strides Arcolab LtdBSE 1.71 % is a 'BUY' call with a target of Rs 600 and a stop loss of Rs 530 

Jaypee Infratech LtdBSE 3.59 % is a 'BUY' call with a target of Rs 31 and a stop loss of Rs 23 

Union Bank of IndiaBSE -1.17 % is a 'BUY' call with a target of Rs 172 and a stop loss of Rs 150 

Idea Cellular LtdBSE 2.98 % is a 'BUY' call with a target of Rs 150 and a stop loss of Rs 136 

Canara BankBSE -0.51 % is a 'BUY' call with a target of Rs 317 and a stop loss of Rs 286 

Havells India LtdBSE -0.31 % is a 'BUY' call with a target of Rs 1000 and a stop loss of Rs 935 

Indian Overseas BankBSE 1.18 % is a 'BUY' call with a target of Rs 60 and a stop loss of Rs 54 

ITC LtdBSE -0.69 % is a 'SELL' call with a target of Rs 330 and a stop loss of Rs 345 

'BUY' or 'SELL' Ideas ,Stock Market tips,Equity Tips,Commodity Tips -28 Apr

Sell CESC Ltd with target price of Rs 470

Sell CESC LtdBSE -1.45 % at a stop loss of Rs 496 and target Rs 470 

Sell HPCL Ltd with target price of Rs 303: 

Sell HPCL Ltd at a stop loss of Rs 320 and target Rs 303 

Gold haul up 5-fold to Rs 565 crore in 2013-14 

Financial year (FY) 2013-14 has seen the highest increase in gold smuggling in India's recent history. Smuggled gold seizures this FY have increased five-fold compared to FY12-13. From a mere Rs 100 crore worth of gold seized in FY 2012-13, this FY various agencies have seized over Rs 565 crore worth of gold. 

Sources said the value of gold actually smuggled through this FY could be over 10-20 times this amount. Some estimates put seizures at 1-2% of actual smuggling. Only recently, finance minister P Chidambaram had said that gold smuggling had touched an estimated figure of 3,000 kg every month. Calculated at current gold prices, this could easily breach the Rs 9,000 crore worth gold smuggled in the last FY. 

'BUY' or 'SELL' Ideas ,Stock Market tips,Equity Tips,Commodity Tips -26 April 2014

MCX holding back vital information: Reliance Capital to FMC

NEW DELHI/ MUMBAI: Anil Ambani-led Reliance Capital, which is eyeing Financial Technologies' (FTIL) stake in Multi Commodity Exchange (MCX), has complained to the commodity market regulator that the bourse has not provided critical information to potential investors. 

Reliance CapitalBSE -0.79 % had emerged as the highest non-binding bidder for the 24% stake being divested by the promoter of FTIL. 

The company has sent a letter to the Forward Markets Commission expressing its concerns regarding the deal. ET has seen a copy of the letter. 

The company has asked the regulator to "assume full control related to the proposed divestment and make sure that the process is conducted in a transparent manner". Reliance Capital declined comment. 

Some of the concerns listed by the company include several related party transactions between MCX and FTIL, indicating that these were not entered on 'arm's length basis'. 

Equity tips,Forex tips ,stock market tips -25 April 2014

Sell Titan Industries Ltd at a target of Rs 244: Mitesh Thacker

Titan Industries LtdBSE -0.37 % is a 'SELL' call with a target of Rs 244 and a stop loss of Rs 261.

Buy Kotak Mahindra Bank Ltd at a target of Rs 855: Mitesh Thacker

 Kotak Mahindra Bank LtdBSE 0.76 % is a 'BUY' call with a target of Rs 855 and a stop loss of Rs 806.

Gold falls to 2-1/2 month low on firm equities, weak charts 

LONDON: Gold fell to a 2-1/2 low on Thursday, as a rally in equities and the dollar after broadly positive US economic data dimmed its appeal as an alternative asset, while a weaker technical picture suggested possible further losses. 

Selling accelerated after prices broke through chart support at $1,275 an ounce, sending spot gold to its lowest since Feb. 10 at $1,268.24 an ounce. 

Equity tips,Forex tips ,stock market tips -24 April 2014

Sensex, Nifty remain shut on April 24, as Mumbai votes 

India's financial capital Mumbai will vote for six constituencies. Voting will also be held for 6 seats in North Maharashtra, 4 in Thane district, 2 in MarathwadaBSE 5.00 % and 1 in Konkan region. 

"The exchange hereby notifies April 24 as a trading holiday on account of parliamentary elections in Mumbai," said a notice on the National Stock Exchange website. 

In the sixth phase of Lok Sabha election, one-hundred and seventeen constituencies in 11 states and one Union Territo .. 

'BUY' or 'SELL' ideas ,stock market tips -23 April 2014

'BUY' or 'SELL' ideas from experts for Wednesday, 23 April 2014 

NEW DELHI: Indian markets are expected to trade in a range with a positive bias on Wednesday following muted trend seen in other Asian markets. 

LIC HousingBSE 0.84 % Finance Ltd is a 'BUY' call with a target of Rs 290 and a stop loss of Rs 273 

EIL Ltd is a 'BUY' call with a target of Rs 242 and a stop loss of Rs 227 

JB Chemicals Ltd is a 'BUY' call with a target of Rs 173 and a stop loss of Rs 149 

Coal India LtdBSE 0.32 % is a 'BUY' call with a target of Rs 310 and a stop loss of Rs 294 

Hindalco LtdBSE -0.62 % is a 'BUY' call with a target of Rs 154 and a stop loss of Rs 140 

stocks in focus in Wednesday morning trade 

L&T Finance Holdings & Yes Bank: 

Novartis India Ltd:

MRF Ltd:

Zensar Technologies Ltd:

Tata Elxsi Ltd:

Morning news-22 April

US stocks extend winning streak; dollar firm

NEW YORK: US stocks rose on Monday, building on last week's rally as investors continued to digest corporate results, while the dollar reached a two-week high against the yen after Japan posted a record trade deficit. 

The S&P 500 index rose for a fifth straight day, the longest winning streak since October. The S&P 500 last week jumped 2.7 per cent , the biggest weekly rise since July. 

Nifty hits record high; HDFC Bank gains, ICICI & SBI fall

Equity benchmarks opened higher on Tuesday with the Nifty hitting record high of 6827.20 supported by HDFC group, pharma, technology and capital goods stocks.

Equity benchmarks opened higher on Tuesday with the Nifty hitting record high of 6827.20 supported by HDFC group, pharma, technology and capital goods stocks. The Sensex rose 35.45 points to 22800.28 and the Nifty advanced 8.05 points to 6825.70. About 603 shares have advanced, 196 shares declined, and 30 shares are unchanged.

Morning news-21 April

Currency futures volumes key to RBI plan on FIIs’ forex hedging 

MUMBAI: The Reserve Bank of India's plan to allow foreign institutional investors (FIIs) to hedge their foreign exchange positions may not gain steam unless the market for currency futures returns encouraging volumes. The RBI is expected to come out with the final modalities shortly.

"When FIIs are finally allowed to hedge in currency futures, it will be an extra avenue for them to hedge their exposure," said Anindya Das Gupta, MD, Barclays Bank. "They have to see their total hedging costs as they are already doing it in over-the-counter (OTC) market. Initially, volumes may not be very high as liquidity and volumes in currency futures market have gone down."

Asian shares mixed in holiday-thinned trade 

HONG KONG: Asian markets were mixed in Easter holiday-hit trade Monday, with Japan's Nikkei rallying on the back of a weaker yen as data showed the country's trade deficit quadrupled in March.

Tokyo rose 0.83 percent and Singapore added 0.24 percent, while Shanghai was 0.53 percent lower and Seoul eased 0.25 percent. 


Nifty reclaims 6800; Reliance gains 1%, Wipro falls 4%

The Indian rupee opened flat at 60.30 per dollar on Monday as against Thursday's closing value of 60.29 a dollar.

Morning news-18 April

Cyclicals will drive markets further up, say analysts 

An analysis of the 12-month consensus target price of Nifty constituents on Bloomberg shows that cyclical stocks such Ambuja Cements BSE 4.02 %, Punjab National BankBSE 2.01 % (PNB), UltraTech cement BSE 0.78 %, State Bank of India BSE 2.96 % ( SBIBSE 2.96 %) and Hindalco BSE 4.40 % are trading 10-22% higher from their consensus target prices.


Sensex, Nifty closed on account of Good Friday

Indian markets rallied over 1.5 per cent on Thursday to snap a three-day losing streak as lenders such as ICICI Bank Ltd BSE 3.25 % surged on value buying and hopes of gains on bond portfolios after the central bank's biggest debt auction. The BSE Sensex gained 1.58 per cent and NSE Nifty rose 1.56 per cent.

Morning news-17 April

'BUY' or 'SELL' ideas from experts for Thursday, 17 April 2014 

LIC HousingBSE 0.02 % Finance Ltd is a 'BUY' call with a target of Rs 272 and a stop loss of Rs 257 

Lupin LtdBSE 0.52 % is a 'BUY' call with a target of Rs 975 and a stop loss of Rs 940 

IOCBSE -0.57 % is a 'BUY' call with a target of Rs 273 and a stop loss of Rs 256 

Dr Reddy's LaboratoriesBSE -0.30 % Ltd is a 'SELL' call with a target of Rs 2470 and a stop loss of Rs 2560 

L&T Ltd is a 'SELL' call with a target of Rs 1215 and a stop loss of Rs 1280 

PFC Ltd is a 'SELL' call with a target of Rs 172 and a stop loss of Rs 185 

Ten stocks in focus in Thursday morning trade 

Here is a list of ten stocks which are likely to be in focus in trade today: 

HCL Technologies Ltd:

Wipro:

Reliance Industries Ltd:

Tata Consultancy Services Ltd: I 

HCC Ltd:

Rupee opens stronger after US Fed comments 

The rupee, which closed at 60.37/38 on Wednesday, opened stronger at 60.27/28 sparked by dollar selling after US Fed chair's dovish comments. 

Morning news-16 April

South Korea won down for 3rd day, stocks find support from China GDP


SEOUL: The South Korean won slipped to a one-week low on Wednesday on dollar demand linked to dividend payouts, while stocks edged up following three days of losses after data showed China's economy grew slightly more than expected in the first quarter.

The local currency was quoted at 1,042.1 against the dollar as of 0233 GMT, down 0.1 per cent from Tuesday's onshore close at 1,040.9 in its third straight day of declines. The won reached 1,044.7 shortly after markets opened, its weakest since April 9.

The Korea Composite Stock Price Index (KOSPI) was up 0.1 per cent at 1,993.38 points. 

Buy Gujarat Fluorochemicals Ltd with target price of Rs 345: Ashwani Gujral

Gujarat Fluorochemicals Ltd is a 'BUY' call with a target of Rs 345 and a stop loss of Rs 310. 

Morning news-15 April

Sell ONGC Ltd with target price of Rs 316: Vijay Bhambwani 

ET Now: What is your call on ONGC Ltd? 

Vijay Bhambwani: Sell ONGC Ltd at a stop loss of Rs 324 and target Rs 316. 

FMC asks bourses to clamp down on circular trading 

MUMBAI: The Forward Markets Commission (FMC) has asked bourses to clamp down on circular trading as the commodity markets regulator tightens its scrutiny of transactions after being placed under the oversight of the finance ministry following the Rs 5,600-crore NSEL crisis last July. 

Morning news-14 April

London based billionaire among bidders for Financial technlogies’ MCX stake 

MUMBAI: An entity representing the interests of London-based Lord Bagri family has bid for the 24% stake of Financial TechnologiesBSE -0.75 % (FT) in Multi Commodity Exchange (MCX), two sources close to the deal said.

Time to get D-Street smart as doubts crop up about the strength of recent rally 

"It is time to rationalise your portfolio and focus on quality names because cyclicals have gone up without the support of fundamentals," said S Naren, chief investment officer, ICICI Prudential MF, which manages Rs1 lakh crore in assets.since the rally started mid

February, shares of banks, infrastructure and realty companies have been the top performers. BSE's Realty Index is up 29%, Capital Goods Index has risen 27% and PSU bank index has gained 21% in past two months against the 10% advance in Sensex.

Morning focus news-11 April

Buy Wockhardt Ltd with target price of Rs 700: 

Wockhardt Ltd is a 'BUY' call with a target of Rs 700 and a stop loss of Rs 630.


'BUY' or 'SELL' ideas from experts for Friday, 11 April 2014

Wockhardt Ltd is a 'BUY' call with a target of Rs 700 and a stop loss of Rs 630 

Praj Industries Ltd is a 'BUY' call with a target of Rs 70 and a stop loss of Rs 57 

Indiabulls Financial Services Ltd is a 'BUY' call with a target of Rs 300 and a stop loss of Rs 260 

JK Lakshmi Cements Ltd is a 'BUY' call with a target of Rs 132 and a stop loss of Rs 117 

Gujarat Gas Ltd is a 'BUY' call with a target of Rs 325 and a stop loss of Rs 300 

BEL is a 'BUY' call with a target of Rs 1300 and a stop loss of Rs 1180 

Rupee gains 7 paise against dollar

Morning focus news-10 April

Nifty likely to open in red after scaling 6,800 

The foreign institutional investors bought shares worth Rs 1043.86 crore while domestic institutional investors were net sellers worth Rs 463.78 crore on Wednesday as per the provisional data from the National Stock Exchange.


Indian rupee ends on a weaker note; FOMC minutes in focus 

MUMBAI: The Indian rupee ended a touch weaker on Wednesday despite domestic shares hitting record highs as caution prevailed ahead of the release of minutes from the US Federal Reserve's March meeting.

Foreign investors have been active buyers of debt and equities since March, and net purchases in April alone have already totalled $933.67 million, according to the market regulator's data. The rupee had touched an eight-month high of 59.5950 on April 2, before giving up some gains, with the Reserve Bank of India also suspected of having bought dollars to replenish its foreign exchange reserves.

US stock market may have stumbled, but signals still say 'go' 

 Research

SILVER

INTRADAY : BUY SILVER Above 42750.00 T1- 43250.00 with SL- 42450.00

GOLD

INTRADAY : BUY GOLD Above 28400.00 T1- 28600.00 with SL- 28270.00

Morning focus news-9 April

BSE Sensex gains; Sun Pharma up 3%, Maruti slips 1%

The Indian rupee opened higher by 13 paise at 59.98 per dollar versus 60.11 Monday.The dollar languished at three-week lows against a basket of major currencies, having broken decisively lower as the yen squeezed higher and even the euro gained a tailwind.

stocks in focus in Wednesday morning trade 

NEW DELHI: Indian markets are expected to trade higher on Wednesday following positive trend seen in other Asian markets.

Here is a list of ten stocks which are likely to be in focus in trade today: 

Maruti Suzuki Ltd:

Tata Power Ltd:

GVK Power Ltd:

Tata Steel Ltd:

US stocks rise for the first time in four days 

That was the sentiment on Wall Street Tuesday as the stock market broke a three-day losing streak. The gain pushed the Standard & Poor's 500 index back into positive territory for the year.

Hybrid maize seed market set to double in two years 

The key players among large private hybrid seed manufacturers include Syngenta, MonsantoBSE 0.80 %, Pioneer, Nuziveedu and Kaveri Seed. Among these, SyngentaBSE 0.00 % enjoys leadership in Karnataka, Andhra Pradesh, Maharashtra, Madhya Pradesh and Rajasthan.




Get the latest news on live Stock-Share Market Tips, Free Intraday Trading Stock Tips for Intraday Share Traders in NSE, BSE,Nifty . Two Days Free Trial on Intraday Trading Calls Fill the Free Trial Form

morning focus news-8 April

Sun Pharma-Ranbaxy deal increases optimism of more all-stock deals, but risks linger 

MUMBAI: Monday's mega pharma buyout involving 100 per cent stock may also turn out to be the last such stock-only transaction for some time to come despite the Reserve Bank of India's prohibition against lending for mergers and acquisitions.

The inability of banks to dole out cash for M&A transactions should ideally serve as a ground for swap deals, but few have happened so far. Experts say the Sun-Ranbaxy transaction has increased optimism that more such deals could take place.

Rupee ends weaker on jitters as elections kick-off 

MUMBAI: The rupee ended weaker on Monday in cautious trading as the country kicked off a five-week election process and on importers demand for the greenback.

The rupee's fall was further accelerated as shares fell for a third straight day retreating from record highs hit last week, with the BSE index ending down 0.07 per cent.

Financial markets will remain closed on Tuesday for a local holiday. 

morning focus news-7 April

focus in Monday morning trade 

NEW DELHI: Indian markets are expected to trade in a range on Monday following muted trend seen in other Asian markets. The key support for the index is around 6,660 levels.

Here stocks which are likely to be in focus in trade today: 

Sun Pharma & Ranbaxy LaboratoriesBSE 2.27 % Ltd: 

Reliance Industries Ltd:

State Bank of India:

Biocon Ltd:

Cement Stocks:

Asian Markets: Japan shares slip, others relieved by US data 

SYDNEY: Asian markets were torn two ways on Monday, some following Wall Street lower but others encouraged by US jobs data that hit the sweet spot for many investors -- firm enough to soothe concerns about the health of the US recovery but not so strong as to hasten the end of policy stimulus.

The immediate outlook was clouded by a momentum-driven fall on Wall Street and a rise in the yen against the dollar, which knocked the Nikkei down 1.5 per cent.


Surge in foreign exchange reserves suggests rupee may not come under pressure 

MUMBAI: India's foreign exchange reserves have swelled over the past few months, contributing to a 40 per cent growth in import cover, and raising hopes that the rupee will not come under pressure even if there is a reversal of flows. 

morning focus news

stocks in focus in Friday 

NEW DELHI: Indian markets are expected to trade in a range on Friday following muted trend seen in other Asian markets. The key support for the index is around 6,690 levels.

Here is a stocks which are likely to be in focus in trade today 

IL&FS Engineering and Construction Company Ltd

Punjab National Bank

NMDC

DLF Ltd

Unitech Ltd

Tokyo stocks up 0.13 pc :

TOKYO: Tokyo stocks edged up 0.13 per cent on Friday morning, reversing early losses, supported by a weaker yen as investors await the release of key US jobs data.

Rupee seen lower on back of weak local shares :

Rupee was seen opening at around 60.30 versus its previous close of 60.1650/1750, tracking weakness in local shares and Asian pairs. Rupee was seen trading at 60.35/36 in the offshore NDF market.

Ten stocks in focus in Thursday morning trade - 3 April

Ten stocks in focus in Thursday morning trade 


NEW DELHI: Indian markets are expected to trade in a range on Thursday following positive trend seen in other Asian markets. The key support for the index is around 6,713 levels.



Here is a list of ten stocks which are likely to be in focus in trade today: 


IDFC: The Reserve Bank of India said on Wednesday it had granted bank licenses to IDFCBSE 3.09 % Ltd and Bandhan Financial Services that would be valid for 18 months and would be subject to the two financial firms fully complying with central bank regulations.

Bharti Airtel Ltd: The global telecommunications services provider with operations in 20 countries across Asia and Africa, and IBM announced that they have signed a new agreement to manage Airtel's infrastructure and application services in India over the next five years.

Ashok Leyland Ltd: Hinduja Group flagship company Ashok LeylandBSE 1.49 % said it has bagged an order worth $ 50 million (nearly Rs 300 crore) from the Zimbabwe government for the supply of 670 vehicles.

Reliance Industries Ltd: Reliance IndustriesBSE -0.04 % said it secured $ 500 million financing from export credit agency Export Development Canada (EDC).The transaction is among the largest financing packages the EDC has extended in Asia, the company said in a statement.

Wipro LtdBSE 0.17 %: Wipro has undertaken a major organizational revamp, reshuffling the portfolios of some of its senior leadership and creating new divisions. Pratik Kumar, executive VP-HR at Wipro, has transitioned out of the HR role. Saurabh Govil, senior VP-HR, will now lead the HR function and will report to company CEO T K Kurien.

IDBI: Public sector IDBI BankBSE -0.08 % has divested its entire 18.95 per cent stake in Stock Holding Corporation of India to IFCI Ltd. "Informed BSE that the bank has divested its entire equity holding of 39,90,000 shares (18.95 per cent) in Stock Holding Corporation of India LtdBSE -1.18 %. (SHCIL) to IFCI LtdBSE -7.25 %," IDBI Bank said in a regulatory filing to the exchange.

MTNL Ltd: State-owned Mahanagar Telephone Nigam LtdBSE 0.31 % has received a total tax refund of ?146 crore for assessment years 2007-08 (?111 crore) and 2009-10 (?34.94 crore), the company said in an exchange filing. Shares of MTNLBSE 0.31 % gained 2.5 per cent at ?16.15 on the NSE.

Axis Bank Ltd: Axis BankBSE -1.13 % raised debt security of $ 30.6 million in the international market under Medium Term Note (MTN) programme. The debt security has been raised through its Dubai International Centre branch.

Suzlon Energy Ltd: Suzlon EnergyBSE 0.00 % has taken over a wind farm in the US to recover $208 million it said was outstanding from client Edison Mission Energy, which had withheld the payment accusing the Indian wind-turbine maker of supplying defective equipment.

SpiceJet Ltd: SpiceJet claims it recorded 220,000 bookings on Tuesday, as customers lapped up tickets with a base fare of Re 1. Typically, the airline sells 40,000 seats a day. On Tuesday, it had a fare of Re 1 for one or two seats a flight, less than two per cent of its daily inventory, said media reports.

Ten stocks in focus in Wednesday morning trade -2 April

Ten stocks in focus in Wednesday morning trade

NEW DELHI: Indian markets are expected to trade in a range on Wednesday following positive trend seen in other Asian markets. The key support for the index is around 6,689 levels.

Here is a list of ten stocks which are likely to be in focus in trade today:

BPCLBSE 0.47 %, HPCLBSE 0.61 % & IOC: The Oil Ministry has put on hold further diesel price increases, citing a reason that had not prevented it from hiking rates uninhibitedly about a year ago. The Cabinet had in January last year decided that diesel prices should be raised by 40-50 paise a litre every month until losses on the fuel are wiped out,
United Spirits Ltd: Leading bourse National Stock Exchange (NSE) has given its approval to Vijay Mallya-led United Spirits' proposal for transfer of a distillery in Tamil Nadu to Enrica Enterprises.

SpiceJet & Jet AirwaysBSE 1.29 % Ltd: Jet fuel or ATF price was today cut by 4 per cent and rates of non-subsidised cooking gas (LPG) by Rs 100 per cylinder, reflecting global trends.



Coal India Ltd: State-owned Coal India(CIL) has tweaked the provision of calculating the compensation and incentive under fuel supply agreements models for the non-power consumers like cement, iron and steel.

Reliance Power Ltd: Reliance PowerBSE 0.29 % said its 600 MW coal-based power plant at Butibori in Maharashtra is fully operational.

Axis Bank Ltd: The Reserve Bank of India (RBI) said that foreign institutional investors will not be allowed to buy additional shares in Axis Bank LtdBSE -1.10 % as the total holding by the investors had breached the overall limit of 49 percent of the lender's paid-up capital.

South Indian Bank: The Reserve Bank restricted purchase of shares in South Indian BankBSE 1.79 % by foreign investors as the prescribed limit reached the trigger level.RBI said the foreign shareholding through Foreign Institutional Investors, NRIs, PIO, Foreign Direct Investment, Global Depository Receipts has reached the trigger limit.