001: [C] Good Morning India - What's Happening, and Where, on Jul 16 002: Cogencis - Main events scheduled

today. 003: . 004: QUOTE OF THE DAY 005: "I have zero nostalgia for the Telegram. Wasn't necessarily more human or 006: friendly. Emails create less suspense & make the world our village..." 007: - Anand Mahindra, chairman and managing director of Mahindra Group, on the 008: 163-year-old service that came to an end on Sunday. (Twitter.com) 009: . 010: TUESDAY'S LEADERS: * RBI Chakrabarty. * Venture capital conclave. 011: * Earnings==> Ashok Leyland, Development Credit Bank, 012: NIIT Technologies, SKumars Nationwide. 013: * Data alert==> Italy, EU foreign trade; UK inflation, PPI; 014: France employment outlook; EU, US CPI; 015: Germany econ sentiment; US chain store sales. 016: . 017: RBI DIARY 018: * Deputy Governor Chakrabarty to meet select bank chairmen to discuss frauds. 019: 1500 IST, Mumbai. 020: . 021: CORPORATE EVENTS 022: * EARNINGS for quarter/year ended June to be detailed, among others, by 023: (Apr-Jun net profit estimate by brokerages in parenthesis) 024: ==F&O 025: + ASHOK LEYLAND (net loss seen 677 mln rupee vs 669 mln profit year ago). 026: ==CNX 500 027: + DEVELOPMENT CREDIT BANK 028: + NIIT TECHNOLOGIES (net profit seen 569.7 mln rupee, flat q/q). 029: + SKUMARS NATIONWIDE 030: ==OTHER COMPANIES 031: + ABC BEARINGS + IDBI BANK 032: + ABIRAMI FINANCIAL SERVICES INDIA + JENBURKT PHARMACEUTICALS 033: + ALKA SECURITIES + JMDE PACKAGING & REALTIES 034: + ALPHA HI-TECH FUEL + ODYSSEY TECHNOLOGIES 035: + BLUE BLENDS FINANCE + SABERO ORGANICS GUJARAT 036: + BRANDHOUSE RETAILS + STEELCAST 037: + TT 038: * AGM of 039: + ABC BEARINGS + EXIDE INDUSTRIES 040: + ARCHIES + JMT AUTO 041: + ARUNODAY MILLS + PETRONET LNG 042: + ASHOK LEYLAND + SABERO ORGANICS GUJARAT 043: + ATUL AUTO + STEELCAST LEYLAND 044: * PRESS MEET of

045: + NIIT TECHNOLOGIES, to detail Apr-Jun earnings. 1345 IST, New Delhi. 046: . 047: GOVT BEAT 048: * Food and Public Distribution Secretary Kumar to launch e-payment system with 049: RBI for electronic transfers to beneficiaries. 1100 IST, New Delhi. 050: * President Mukherjee and Agriculture Minister Pawar to be present at the 85th 051: Foundation Day lecture of Indian Council of Agricultural Research. 1000 IST, 052: New Delhi. 053: * Minister of State for Agriculture and Food Processing Industries Mahant to 054: launch the ministry's new website. 1730 IST, New Delhi. 055: * Finance Minister Chidambaram and Health Minster Azad to address media on food 056: security plan. 0900 IST, Jaipur. 057: . 058: DATA ALERT 059: * from OVERSEAS 060: > ITALY FOREIGN TRADE WITH EU in May. 1330 IST 061: > UK INFLATION FIGURES for Jun. 1400 IST 062: > UK PRODUCER PRICES in Jun. 1400 IST 063: > FRANCE OECD EMPLOYMENT OUTLOOK REPORT. 1430 IST 064: > GERMANY ZEW INDICATOR OF ECONOMIC SENTIMENT for Jul. 1430 IST 065: > EU HARMONISED CPI for Jun. 1430 IST 066: > EU FOREIGN TRADE in May. 1430 IST 067: > US ICSC-GOLDMAN SACHS CHAIN STORE SALES for week to Jun 13. 1715 IST 068: > US CPI for Jun. 1800 IST 069: > US JOHNSON REDBOOK RETAIL SALES for week to Jun 13. 1825 IST 070: . 071: CONFERENCES 072: * VENTURE CAPITAL CONCLAVE: Finance Minister Chidambaram to address the Indian 073: Private Equity and Venture Capital Association Conclave 2013. 1500 IST, New 074: Delhi. 075: * EMPOWERING INDIA: Department of Industrial Policy & Promotion Secretary 076: Chandra, Maruti Suzuki India Chairman Bhargava to speak at the Empowering 077: India seminar. 1600 IST, New Delhi. 078: * HOUSING MEET: National Housing Bank CMD Verma, Planning Commission Member 079: Maira to speak at the Inaugural NHB Annual Lecture 2013. 1900 IST, New Delhi. 080: . 103: MEDIA PICKS 104: ==HOME FRONT== 105: * Uttar Pradesh CM Akhilesh accuses Maya of neglecting health services (PTI) 106: * No decision yet on Rahul as PM candidate: Congress (var) 107: * Vijay Bahuguna says 5748 are missing, though 'presumed to be dead' (DNA) 108: * 1990 decision to order firing on 'kar sevaks' painful, says Mulayam (ToI) 109: * Mamata Banerjee's Maoist tag for farmer to cost her govt Rs 2 lakh (IE)

110: 111: 112: 113: 114: 115: 116: 117: 118: 119: 120: 121: 122: 123: 124: 125: 126: 127: 128: 129: 130: 131: 132: 133: 134: 135: 136: 137: 138: 139: 140: 141: 142: 143: 144: 145: 146: 147: 148: 149: 150: 151: 152: 153:

==FOREIGN AFFAIRS== * Spanish PM Mariano Rajoy rejects resignation calls (BBC) * Jamaat-e-Islami boss, 91, gets 90 years in jail for war crimes (ToI) * Bring Musharraf before us: Pakistan Court hearing (PTI) * Greenwald: Snowden docs contain NSA 'blueprint' (PTI) * New Indian envoy reaches Pakistan through Wagah border (IBNLive) * Stampede in Indonesia after boxing match kills 17 (Reuters) ==BUSINESS AND ECONOMY== > INDIA-RELATED * Subbarao downplays meet with Chidambaram; says discussed G20 meet (Cogencis) * Govt sources say Parliament's Monsoon Session to be held Aug 5-30 (Cogencis) * RBI penalises 22 banks for violation of know-your-customer norms (Cogencis) * India Jun WPI inflation rises to 4.86% from 4.70% May (Cogencis) * RBI ED Gandhi says there is no target for new bank licences (Cogencis) * Source says SBI Apr-Jun treasury ops profit seen over 8 bln rupees (Cogencis) * HC asks YES Bk to give board meet, AGM details; to hear case Jul 29 (Cogencis) * Oriental Bank cuts rates on some bulk deposits by 25 bps (Cogencis) * Nomura sees no change in repo rate, CRR in RBI's July policy (Cogencis) * Barclays sees lower chances of repo rate cut at RBI Jul 30 policy (Cogencis) * Govt cancels Sep 30 bank holiday for half yearly closing of accts (Cogencis) * PFRDA allows fund managers to invest in infrastructure debt funds (Cogencis) * Tribunal rejects pollution body plea to close Sterlite unit again (Cogencis) * Source says govt to ensure Jet-Etihad deal not aimed at tax evasion (Cogencis) * Jet Air to operate daily Vijayawada-Bengaluru flights from Jul 25 (Cogencis) * Singapore Airlines launches low-cost flights via India to US (Cogencis) * Nissan head says co aims to launch 10 new models in India by 2016 (Cogencis) * Tata Global Beverages head says rupee fall to benefit co Apr-Jun (Cogencis) * DB Power gets environment nod for Sariya coal block in Chhattisgarh (Cogencis) * JK Lakshmi Cement June despatches at 344,000 tn, down 12.2% MoM (Cogencis) * ITC opens premium 393-room hotel WelcomHotel Dwarka in New Delhi (Cogencis) * Reliance Industrial Infra Apr-Jun PAT 54.5 mln rupees vs 53.2 mln (Cogencis) * Advanta India Apr-Jun consol PAT 317.1 mln rupees vs 142.7 mln (Cogencis) * Suzlon arm REpower installs 48 6M-turbines at Belgium wind farm (Cogencis) * SC rejects plea challenging CAG's appointment, says HC can be moved (Cogencis) * RBI clamps down on liquidity to curb rupee swings (DNA) * RBI raises MSF rate, caps repo borrowings to curb rupee volatility (Cogencis) * TAM mess: Top advertisers give TV networks midnight deadline (BS) * BookMyShow bags PVR's Rs 1000 crore e-business (ToI) * POSCO may ditch steel mill project in Karnataka: source (Reuters) > FROM OVERSEAS * GSK accused of being at centre of $500 mln bribery scandal in China (FT) * US retail sales growth slows in June (BBC) * Citigroup Apr-Jun profits up on fall in bad loan provisions (BBC) * Chinese economy slows to 7.5% growth (FT)

WHAT TO WATCH: The Reserve Bank of India increased both the marginal standing facility and the bank rate to 10.25 percent from 8.25 percent, it said in a statement on its website late last night The monetary authority also said it will conduct open-market sales of government bonds worth 120 billion rupees ($2 billion) on July 18, a step that would drain cash from the economy Ashok Leyland, NIIT Technologies and Development Credit Bank are among cos. announcing earnings today India parliament monsoon session starts from Aug. 5-30, Parliamentary Affairs Minister Kamal Nath Says RBI will consider inflation while deciding policy, RBI Governor Duvvuri Subbarao says Finance Minister Chidambaram speaks at a private equity and venture capital conference in New Delhi RBI Governor Subbarao speaks at European Economics and Financial Centre in London India monsoon rain 17% above normal since June 1, IMD says Global funds -2.27b rupees of local stocks, domestic funds +4.54b rupees yesterday: provisional data from exchanges EARNINGS: Ashok Leyland - 1Q, Est. -713m rupees NIIT Technologies - 1Q, Est. 549m rupees Development Credit Bank - 1Q, Est. 331m rupees S. Kumars Nationwide SHAREHOLDER MEETINGS: 10:30am: Kolkata. Exide Industries holds 66th annual shareholders meeting at Kala Mandir, 48 Shakespeare Sarani 2:45pm: Chennai. Ashok Leyland holds 64th annual shareholders meeting at The Music Academy Madras, 168 TTK Road, Royapettah CONFERENCE CALL: 2:30pm: CMC Ltd. Dial nos. 022-30650108/66290308 4pm: NIIT Technologies Ltd. Dial nos. 022-30652515/66295857 EQUITY MOVER: Advanta India group 2Q profit more than doubled to 317.1m rupees from 142.7m a yr earlier: filing. Shrs +0.9% to 152 rupees Crompton Greaves revised date of starting buy-back from open market through exchanges from July 16: BSE filing. Shrs -0.5% to 89 rupees Tata Motors Group global wholesales at 84,458 vehicles in June: BSE filing. Shrs -1.4% to 288.45 rupees BLOOMBERG EXCLUSIVES: Datsun Leads Nissan Emerging Markets Push With India Hatchback Goldman Sees RBI Inaction as Yield Curve Inverted: India Credit Tata Seeks to Avoid Fines on $2.3 Billion Loans: Corporate India

MEDIA/NEWSPAPER REPORTS: Reliance Gas Transportation gets approval for pipeline: PTI Posco said to pull out of $5.3b Indian project: WSJ Indias Exim Bank to Finance FDA-Compliant Firms: Reuters Link ANALYST RATINGS: South Indian Bank raised to buy from outperform at HDFC Securities. 1-yr PT 28 rupees CONFERENCES/EVENTS: 9:30am: Chennai. National conference on Compliance to and Leveraging Clause 135 of The Companies Bill, 2012 for Maximum Impact hosted by The Ministry of Corporate Affairs 9:45am: New Delhi. SEBI chairman U.K. Sinha will address IVCA Conclave 2013, organized by Indian Private Equity & Venture Capital Association 10am: New Delhi. Arun Maira, member of planning commission will address the inauguration of FICCI seminar on Empowering India- The Manufacturing Mandate 10am: New Delhi. Pranab Mukherjee, president of India will deliver the 85th foundation day lecture of ICAR. Sharad Pawar, minister of agriculture will be present 12pm: Mumbai. Nandkumar Surti, MD & CEO of JPMorgan Asset Managements India unit holds a press conference. Christian Preussner, ED & Head International CPM will address via video conference 3pm: New Delhi. Finance minister P. Chidambaram addresses IVCA Conclave 2013 3pm: Mumbai. RBI deputy governor K.C. Chakrabarty holds a meeting with chairman of selected banks on fraud at RBI office 5:30pm: New Delhi. Charan Das Mahant, state minister for agriculture & food processing industries will launch new website of ministry of food processing industries 6:30pm: New Delhi. Chief economic adviser Raghuram Rajan to speak at an NCAER policy lecture titled India, the Way Forward