News Headline Summary

PRE-MARKET INDIAN STOCK NEWS: Infosys, NTPC and Tata Power

Bharti Airtel (BHARTI IN)
- Co. was fined by Nigeria’s telecommunications regulator for not meeting set targets, including measures of connection quality, dropped calls and congestion in Jan. and been prohibited from selling new SIM cards in March. (BBG)

Cipla (CIPLA IN)
- Medecins Sans Frontieres says deal with Merck Sharp & Dohme to market AIDS drug raltegravir in India is aimed at preventing the Indian authorities from issuing a compulsory license for the drug. (BBG)

Infosys (INFO IN)
- Co. to separate products business in FY15. (Times of India)

National Aluminium (NACL IN)
- Co. to pay interim dividend of INR 1.10 per share. (BBG)

NTPC (NTPC IN)
- Co. signed accord with Bihar Power to replace Bihar state’s 74% investment in Lakhisarai thermal project. (BBG)

State Bank of India (SBIN IN)
- Co. board meets March 3 to consider interim dividend. (BBG)

Tata Power (TPWR IN)
- Co. to sell USD 120mln stake in Indonesian unit. (Investor Daily Indonesia)

Wipro (WPRO IN)
- Co. wins 10-yr integrated IT and BPO contract. (BBG)

V-Mart Retail (VMART IN)
- RBI said FII investment in Co. crosses 24% limit and that no further purchases are allowed. (BBG)

India Cements (ICEM IN)
- Co. is to consider absorbing units Trinetra and Trishul. (BBG)

Indian Oil (IOCL IN)
- Co. said to line up USD 900mln loan for Petronas deal, according to sources familiar with matter. (BBG)

Jindal Stainless (JDSL IN)
- Co. approves convertible pref. share issue and pref. allotment of equity shares to founder entity JSL Overseas to raise about INR 1bln. (BBG)

Telecoms
- India's biggest national broadband venture awaits cabinet’s approval of a INR 15bln payout. (Economic Times)

Financials
- A committee headed by former Reserve Bank of India governor Bimal Jalan on new bank licences submitted a compilation of positive and negative aspects of granting licences to all 25 applicants without spelling out its preferences. (Economic Times)

Regulation
- Sebi proposed compulsory monitoring for all India share offers. (BBG)

For more Indian stock news, please access the link below to be directed to the Economic Time's list of ten stocks in focus in Wednesday morning trade.

http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/ten-stocks-in-focus-in-wednesday-morning-trade/articleshow/31022825.cms

26 Feb 2014 - 03:25 - - Source: Bloomberg/Economic Times/Times of India

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