NSE - WEEKLY NEWS LETTERS
✍ Steel Strips Wheels Q4 net profit at Rs. 11.9 crore - Steel Strips Wheels Ltd has announced the following results for the quarter & year ended March 31, 2015. The company reported net profit of Rs. 11.9 crore in Q4 FY15 against Rs. 4.3 crore. During the period under review, the company's Total Income stood at Rs. 294 crore Vs Rs. 302.7 crore (YoY). The Board of Directors of the Company at its meeting held on April 24, 2015, inter alia, has recommended, subject to the approval of shareholders, dividend of Rs. 2/- per fully paid up equity shares of Rs. 10/- each.

✍ Cairn India Q4 net loss at Rs. 241 crore - Cairn India Ltd has posted a net loss of Rs. 2,408.20 million for the quarter ended March 31, 2015 as compared to net profit of Rs. 3,0354.40 million for the quarter ended March 31, 2014. Total Income has decreased from Rs. 52,128.20 mn for the quarter ended March 31, 2014 to Rs. 28,664.80 million for the quarter ended March 31, 2015. The Audited Consolidated results for the Year ended March 31, 2015 The Group has posted a net profit of Rs. 44796.00 million for the year ended March 31, 2015 as compared to Rs. 124317.90 million for the year ended March 31, 2014. Total Income has decreased from Rs. 202644.10 million for the year ended March 31, 2014 to Rs. 164554.70 million for the year ended March 31, 2015. The company has recommended the Final Dividend of Rs 4/- per Equity share for the year ended March 31, 2015. The Final Dividend, if declared by the shareholders at the ensuing Annual General Meeting will be paid by August 07, 2015.

✍ Gujarat Gas Q4 PAT at Rs. 62.6 crores - Gujarat Gas Company Ltd has announced the following results for the quarter & year ended March 31, 2015. The Un-Audited Consolidated results for the Quarter ended March 31, 2015 The Group has posted a net profit after taxes and minority interest of Rs. 626.70 million for the Quarter ended March 31, 2015 where as the same was at Rs. 492.70 million for the Quarter ended March 31, 2014. Total Income is Rs. 5643.90 million for the Quarter ended March 31, 2015 where as the same was at Rs. 7939.70 million for the Quarter ended March 31, 2014. The Audited Consolidated results for the Year ended March 31, 2015

The Group has posted a net profit after taxes and minority interest of Rs. 3137.80 million for the year ended March 31, 2015 where as the same was at Rs. 4186.10 million for the year ended March 31, 2014. Total Income is Rs. 25928.20 million for the year ended March 31, 2015 where as the same was at Rs. 39930.30 million for the year ended March 31, 2014. "The previous Financial Year that began on January 01, 2013 had been extended by a period of three months, to close on March 31, 2014, so that the Financial Statements giving effect to such extension had been compiled for a period of 15 months from January 01, 2013 to March 31, 2014. Hence, the current period's results for 12 months ended on March 31, 2015 are not comparable with the previous period's results for 15 months ended on March 31, 2014.

✍ Bharti Airtel stock up 1% on block deal - Shares of Bharti Airtel Ltd were trading higher 1% at Rs. 402 on BSE today. Around 50 lakh shares were traded in a single block at Rs. 400 on the NSE. The stock opened at Rs. 400 as against the previous close of Rs. 399.85 on NSE. It has hit a high of Rs. 403.20 and a low of Rs. 395 on NSE today. Total traded quantity on the counter stood at over 64.8 lk shares on NSE.

✍ Reliance Capital rebounds after signing MoU - Reliance Capital recovered all-the-losses and rebounded into the positive zone in late morning deals on the BSE, on the back of positive news flow. According to a release issued by the company to the BSE, Reliance Capital Asset Management today announced that it has signed a Memorandum of Understanding (MoU) for Strategic Alliance with Samsung Asset Management, Korea.
So far during the day, the stock has touched a high at Rs. 426 and a low at Rs. 419, respectively. Now, Reliance Capital is up 0.5% at Rs. 425, and has witnessed trades of around 162,000 shares as compared to its daily average volume of 413,000 shares.

✍ ShopClues.com collaborates with Gitanjali to launch “MAYA” collection - ShopClues.com, India’s first and largest managed marketplace enters into a strategic partnership with Gitanjali to launch their special jewellery collection “MAYA”. The exclusive launch of the new brand is marked by the unveiling of a celebrity banner featuring svelte actor Raima Sen. Through this partnership, ShopClues.com offers access to MAYA’s classic gold jewelry collection to millions of shoppers pan India.

✍ RedBus.in starts sports travel culture in India by launching RCB Fan-Tours - Here’s something to rejoice for RCB fans! redBus, India’s largest online bus ticket booking platform, has partnered with Royal Challengers Bangalore to launch a first-of-its-kind concept in India, RCB Fan-Tours.  The tours will allow die-hard fans of RCB to travel to RCB’s home ground in Bengaluru to watch their team in action. The Fan-Tours consist of a package that comprises A/C bus tickets to and from the city, hotel stay (including cab transfers) and match tickets. The package also provides a free sports jersey for the fans and a chance to win RCB memorabilia.

✍ Prakash Sangam, CEO, redBus said - “RCB Fan-Tours is our attempt to establish a sports travel culture in our country. Cricket is a religion in India and we wanted to engage with our audiences on this passion point by launching this new concept. Since Team RCB has a huge fan following, we felt that a partnership with them was the best way to launch this never-before-done concept in India. The tie-up will also help us reinforce our brand in the market. We have also developed a digital only campaign #DON’TMISSTHEBUS to promote this and you will soon see video bytes of RCB players, fan videos, and lots of other cool content talking about this initiative.”

✍ Economic news
Affected by sluggish Chinese demand, the country has exported only 4.5mn bales of cotton so far and the overall shipments are expected to fall by 29% to 7mn bales in the ongoing crop year ending September.

The recurring spells of un-seasonal rains and hailstorms has caused massive damage in the mango belt of Uttar Pradesh with the output estimated to fall 50%.

An Indian parliamentary committee has recommended that price caps should be extended to all drugs in the country and that the government should expedite the capping process.

In its first official monsoon outlook for the year, the India Meteorological Department said Southwest monsoon received by the country this year could be below normal, at 93% of the long-period average.

Telecom Commission, the highest policy making body of the Department of Telecommunications, has decided to refer back recommendations on spectrum sharing and trading to telecom regulator TRAI for further clarifications.

India is likely to remain a net importer of iron ore in 2015-16 as the falling international prices might encourage steel majors to continue import of key steel-making raw material through the current year.

The National Highways Authority of India will raise Rs.280bn in the current fiscal by issuing tax-free bonds.
Indian sowing of corn in Kharif 2015 is likely to be lower this year as global oversupply impacts domestic prices and exports, thereby impacting return on investment of growers.

Retailers Association of India has emphasized the need for a national policy on trade for retail.


✍ Top corporate news
Honda Cars India has hiked prices of its entry level car Brio and compact sedan Amaze by up to Rs.800 to offset change in cost structure following tax rationalization in the Budget.

Oil and Natural Gas Corp has agreed to take over a part of the abandoned assets of the western offshore Tapti gas field from its joint venture partners Reliance Industries and BG once output falls to zero.

Oil India said it has commissioned a 54 MW wind energy project in Gujarat and Madhya Pradesh.

NTPC Limited has launched a single-window system to deal with the procurement needs of the power plants across the country in place of a plant-wise tender process being practiced so far.

Jet Airways, which plans to enhance its services on the US routes, may ask its strategic investment partner Etihad to return two of its Boeing-777 planes which are currently on lease with the Gulf-based carrier.

Mahindra & Mahindra aims to present a formal offer for Pininfarina in time for the Italian car designer's April 29 shareholder meeting.
JSW Steel said its crude steel production grew 4% to 12.63mn tonnes for the 2014-15 fiscal.
BHEL has commissioned a 250-mw coal-based thermal power plant in Gujarat.

Power Finance Corporation Ltd's plans to raise up to Rs.600bn through short and long term borrowings in the current financial year to primarily meet the funding requirements of power sector units and projects.

Adani Group has finally acquired Lanco Infratech's 1200 MW Udupi power plant for an enterprise value of Rs.63bn.

Kotak Mahindra Bank has approached the Foreign Investment Promotion Board to hike foreign investment ceiling in the bank to 55%.

Bajaj Finance is planning to raise around Rs18bn from institutional investors and its promoter, Bajaj Finserv, to boost the non-bank finance company's capital base as it sees opportunities to expand its loan business.

ITC plans to set up four food processing parks with an investment of up to Rs.2500mn each in Tamil Nadu.

ONGC has agreed to conduct tests prescribed by upstream regulator DGH to confirm three key gas discoveries in its Krishna Godavari basin block.

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