NSE WEEKLY NEWS UPDATE

✍ FIIs inflow reaches Rs 21,000cr so far in January
Overseas investors have pumped in a staggering over Rs 21,000 crore in Indian capital markets since the beginning of the month owing to easing inflation and rate cut by Reserve Bank of India (RBI). Foreign Institutional Investors (FIIs) have bought shares worth Rs 5,992 crore ($977 million) till January 23, while bought debt worth Rs 15,336 crore ($2.5 billion) taking the total investment to Rs 21,328 crore ($3.45 billion), latest data with Central Depository Services Ltd (CDSL) showed.

✍ Amara Raja Batteries posts 23% growth in Q3 net sales
Automotive and industrial battery maker Amara Raja Batteries earned Rs 1,060-crore in net sales (excluding other income) in the third quarter of the financial year, up 23% from Rs 860 crore in the year ago period. Net profit increased marginally from Rs 95 crore to Rs 102 crore. The automotive battery business continued to maintain its growth trend in four-wheeler batteries backed by improved sales in aftermarket segment in both Amaron and PowerZone brands, the company said in a statement.

✍ Analjit to split Max India into 3 entities
Billionaire Analjit Singh has decided to split his insurance and healthcare firm Max India into three separate listed entities as he "unlocks value" and charts out focused sectoral growth plans for various ventures. Singh said Max India, which is listed on the stock exchanges, will be split into three separate business verticals — life insurance; health and allied businesses; and manufacturing industries. The existing Max India will be renamed Max Financial Services, and will focus on the group's flagship life insurance business, a joint venture between Max India and Mitsui Sumitomo Insurance Co. The second company will manage investments in the health and related businesses, including Max Bupa Health Insurance, of which 74% is owned by Max India and the rest by British health insurance provider Bupa. This venture will now be re-named Max India and will also house Antara Senior Living, which is managed by Singh's daughter.

✍ Shriram City Union Finance net up 11%
Shriram City Union Finance's net profit for the third quarter of FY 15 was up 11% to Rs 143 crore as against Rs 129 crore during the same period last year. Income from operations during the aforesaid period also rose 13% to Rs 896 crore.

✍ CIL stake sale on Saturday at Rs 358 per share
The government would on Saturday offer the largest stake sale in a public sector undertaking by putting on the block up to 10% in monopoly Coal India Ltd at a floor price of Rs 358 a share with a view to mopping up an estimated Rs 22,600 crore. The offer price was announced amid protests by various trade unions representing over five lakh workers in the company. The stock exchanges also sought clarification from CIL on reports that unions have threatened to 'go slow'. CIL replied it had not received any notice from any union on such a move. Rs 4,000 crore worth of shares, or 20% of the offering, would be reserved for retail investors who would get a discount of 5%. The one-day stake sale would be conducted during market hours from 9 am to 3.30 pm. Some 31.58 crore shares, or 5%, would be on offer and the government could sell another 5% if there is demand for more. At this floor price, the total 10% stake can fetch the government Rs 22,600 crore. This would surpass the existing record of over Rs 15,000 crore mopped up through an initial public offering in CIL in 2010.The offering, made at a price of Rs 245 a share, was oversubscribed by more than 15 times.

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