Results today - Cairn India, Biocon, Nelco, Lupin, Ceat, Yes Bank, Grasim, Indraprastha Gas, MRPL, Arvind, Eclerx, Edelweiss Financial, Indiabulls Power, Indiabulls Real, Nilkamal, 3i Infotech, HMT, Kalindee Rail, Zensar Tech, GIC Housing, Ajanta Pharma, 20 Microns, Everest Industries, Godavari Power and Ispat, Granules, Greaves Cotton, Indian Metal and Ferro, Kirloskar Brothers, Kirloskar Brothers Investment, Maral Overseas, Nocil, Oudh Sugar, Prism Cements
RBI macro economic report -Domestic growth moderating more than expected -Growth likely to be below potential in FY12 -Domestic growth to recover at a modest pace in FY13 -Inflation has begun to fall in line with projection -Decline in food inflation likely to reverse -Policy to take into account downturn in growth -Inflation, inflationary expectations remain high -India's near-term growth outlook has deteriorated -Current account deficit to widen during the year -Fall in primary food Inflation expected to be short-lived -Core inflation, exchange rate important for future rate actions -Banks high SLR holding give scope for liquidity infusion -Additional liquidity instruments can be considered -Liquidity deficit needs to be addressed in calibrated manner
EGoM on Gas to meet on February 18 -EGoM to finalise new gas allocation -EGoM on UMPP's rescheduled to February 21
Cabinet -Likely to take up Cairn-Vedanta nod on Tuesday -Likely to take up UIDAI funding proposal on Tuesday
DGH says - RIL , BP to start production FM satellite fields in 2015-16 -Bhagyam will be ramped up to 25,000 BPD -Biggest highlight in 2012 will be Bhagyam production -RIL, BP to come up with some solutions for D6 this year
Sterlite Industries says -Aim to start mining at Balco coal block by FY13 end -In talks with govt for buying more stake in Balco
Govt sources say -May soon finalise duty on imported power equipment -Heavy Industries, power ministry consensus on level playing field -Level playing field between domestic manufacturers, importers -Domestic manufacturers like BHEL, L&T, Alstom Projects set to benefit -Power ministry has moved draft cabinet note for discussion -Decision likely within the next fortnight
Other stocks and sectors that are in news today: -HUL puts its prime land in Banglore on the block -Exide Industries enters into technical collaboration with East Penn USA -Essar Oil announces increase in gas reserves and resources at Raniganj CBM Block -Shri Lakshmi Cotsyn board to consider issue of warrants to promoters, non promoters on Jan 31st -In F&O Ban - ABG Shipyard and Alok Textiles
