Corporate News – Industry trends* ONGC may be allowed to sell gas from its marginal C-series field atthe current market determined price of US$4.75/mBtu. This is againstUS$5.5/mBtu, a price firmed up by the company (BL)* Chennai-based Zylog Systems is all set to acquire two companies inSingapore and the US for US$17 mn as apart of its global expansionplans, a top company official said (BS)* Fertiliser companies’ revenues have suffered as their costs havegone down with the substitution of cheaper K-G Basin gas for naphtha,since the government subsidy is based on the cost of production (BS)* Mangalore Refineries and Petrochemical Ltd (MRPL) are planningto invest Rs 60-80bn starting from early 2011. The company is lookingat raising around Rs 50bn to support its expansion plan, for setting upa polypropylene plant and to install a Single Buoy Mooring at the port(BS)* Emami is diversifying into the cement business and will invest Rs17.5bn to set up production units in the next three years; “We arediversifying into the cement business, considering the potential anddemand of it in the country, particularly in the eastern region (BS)* YES Bank said it will raise about Rs 15bn during this year to fund itsgrowth strategy. “By March 2010, we are looking to raise aboutUS$200-250 mn through Tier-I capital via QIP” (BS)* For the first time, the government’s revenues from the telecomsector has dipped over the last six months despite the country adding80 mn new customers during this period (ET)* BEML, a public sector mini-ratna company, has bagged Rs 1850 mnorder for supply of largest walking dragline from Northern Coalfields(ET)* Taking cue from bigger banks, state run Bank of Maharashtra hasslashed its home and vehicle loan rates and reduced deposit ratesacross various maturities. Loans sanctioned up to December 31, 2009will avail the benefit of rate reductions (ET)* The departing boss of General Motors Europe, Carl-Peter Forster, isset to take charge of Indian conglomerate Tata group-owned JaguarLand Rover in the next few months, a media report has said (BS)Economic/Regulatory development* Prime Minister Manmohan Singh sent out a strong message on theneed for further economic reform, particularly in the financial sector,and welcomed investment through qualified institutional investors inIndian companies. Stating that the country has been able to withstandthe economic downturn, he said a gradual phase out of the stimulusmeasures would take place next year (BS)Commodity/Money Market News* Led by China, Asia clocked a 14.9% growth in steel production inSeptember at 69.241 mn tonnes even as the European Union, CIS,North and South America reported a negative growth compared withthe same month last year (Mint)International trends* Kraft Foods Inc, may increase its 9.8 bn pound bid for confectionerCadbury Plc by Monday’s deadline to keep its takeover attempt alive;Kraft proposed 300 pence in cash and 0.2589 new Kraft share perCadbury share on August 28, an offer worth 717 pence based onNovember 6 closing prices. Cadbury rejected that as an “unappealingprospect” from a “low-growth” conglomerate. UK regulators set aNovember 9 deadline for Kraft to make a formal offer or walk away forsix months (BS)Note: More intra-day opportunities will be providedlive during the market hoursFor More information Visit : http://www.insighttechnical.netEmail : contact@insighttechnical.netContact : +91 982222686We Insight Technical Provides indian share market tips,nifty option trading,nifty option,intaday option trading,nifty option,nse market tips,nse/bse stock tips,trading recommendations of indian stocks,indian share market,stock market recommendations by sms,pre-market analysis companyWe Insight Technical provides hot shares in bse,sharemarketindia,hot stocks bse,nse hot stocks,preferred stock recommendations,hot shares on bse,intraday stock recommendations,technicals of share market,mcxtip,indian stock advisory,nifty stock recomendations,stock trading franchise india,stock market trend history,bse option calculator,hot stocks in indian share market,hot tips bse market free sms,indianstockcharts,hot indian stocks,hot intraday tips nse,hot intraday tips nse bse,indian stock recommendation for intraday,nifty stock recommendations,technical share market,technicals of indian stocks,gold intraday tips,mcx broker tips,hot stock in nse,hot stocks in bse,indian technicals,intraday option trading tips,nri intraday trading,nse intraday recommendations,option calculator nse,share market recommendations,stock market consultant,ncdex tips