Tata Motors August Global Wholesales at 74,639 units; stock marginally down

The August Global Wholesales was up 2%.

Tata Motors today announced that its group global wholesales stood at 74,639 units, up 2% in Aug.  This includes global wholesales in August 2015 where Jaguar Land Rover sales were at 74,639 units., higher by 2%, over August 2014. Cumulative wholesales for

this fiscal stood flat at 381,656 nos ., over last fiscal.

Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in August 2015 were 29,683 nos, lower by 3%, compared to August 2014. Cumulative commercial vehicles wholesales for this fiscal at 146,723 nos., remained flat, over last fiscal.

Global wholesales of all passenger vehicles in August 2015 were at 44,956 nos., higher by 5%, compared to August 2014. Cumulative passenger vehicles wholesales for this fiscal at 234,933 nos., remained flat, over last fiscal.

Global wholesales of Tata Motors’ passenger vehicles in August 2015 were at 11,853 nos., higher by 5%, over August 2014. Cumulative wholesales for the fiscal were at 54,810 nos., higher by 18%, compared to last fiscal.

Global wholesales for Jaguar Land Rover were 33,103 vehicles (Includes CJLR* wholesales). Jaguar wholesales for the month were 6,594 vehicles and cumulative wholesales were 34,678 vehicles, while Land Rover wholesales for the month were 26,509 vehicles and cumulative wholesales were 145,445 vehicles. Cumulative wholesales for Jaguar Land Rover for the fiscal were 180,123 vehicles.

The Tata Motors Ltd stock is currently trading at Rs. 348, down by -6.1 points or -1.72% from its previous closing of Rs. 354.1 on the BSE.

The scrip opened at Rs. 354.9 and has touched a high and low of Rs. 358.9 and Rs. 345.5 respectively. So far 4,169,639 shares were traded on the counter. The current market cap of the company is Rs. 114,716.44 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 605.9 on 03-Feb-2015 and a 52 week low of Rs. 301.6 on 24-Aug-2015. Last one week high and low of the scrip stood at Rs. 356.45 and Rs. 316 respectively.

The promoters holding in the company stood at 34.35 % while Institutions and Non-Institutions held 36.94 % and 7.32 % respectively.

The stock is currently trading above its 200 DMA.

Indian crude basket at $46.13/bbl on September 10

The price of Indian Basket decreased to Rs. 3071.34 per bbl on Thursday as compared to Rs. 3150.76 per bbl on Wednesday.

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 46.13 per barrel (bbl) on Thursday. This was lower than the price of US$ 47.53 per bbl on previous publishing day of Wednesday.

In rupee terms, the price of Indian Basket decreased to Rs. 3071.34 per bbl on Thursday as compared to Rs. 3150.76 per bbl on Wednesday. Rupee closed weaker at Rs 66.58 per US$ on Thursday as against Rs 66.29 per US$ on Wednesday. 

Infosys jumps after block deal

Around 2.5 lakh shares were traded in a single block at Rs. 1,100 on the NSE.

Shares of Infosys were trading higher 2.8% at Rs. 327 on NSE today. Around 2.5 lakh shares were traded in a single block at Rs. 1,100 on the NSE. On Thursday. the company announced a strategic partnership with ATP, to leverage the latest technological advances in mobility, cloud and analytics to transform the experience of tennis fans and players the world over.

The stock opened at Rs. 1,091 as against the previous close of Rs. 1,080 on NSE. It has hit a high of Rs. 1,102 and a low of Rs. 1,086 on NSE today.

Total traded quantity on the counter stood at over 14.10 lk shares on NSE.

Top Oil and Gas headlines of the day

Bharat Petroleum Corp Ltd (BPCL) has announced it will be investing a total of Rs 1,00,000 crore in the next five years for expansion and consolidation of its businesses.

Bharat Petroleum Corp Ltd (BPCL) has announced it will be investing a total of Rs 1,00,000 crore in the next five years for expansion and consolidation of its businesses. (The Indian Express)

Indian Oil Corporation Limited has informed the Exchange that the Comptroller & Auditor General of India (CAG) has appointed the following Statutory Auditors for IndianOil for the financial year 2015-16:-1. (MoneyControl)

Delhi High Court disposed of ONGC's petition accusing Reliance Industries Ltd (RIL) of deliberately disgorging natural gas worth Rs 30,000 crore from the PSU's well in the Krishna-Godavari (KG) basin (Business Today)

For a third time, the Public Enterprises Selection Board (PESB) could not select a new chairman and managing director of Oil India after interviewing the candidates. (The Financial Express)

Making matters worse for Petronet LNG Limited, which operates the only Liquefied Natural Gas (LNG) terminal in South India at Puthuvype, the Cochin Port Trust has increased the lease rent rates by almost 10 times.

The world's top oil exporter Saudi Aramco will open an office in India by the end of this year to help boost its crude sales in the world's fourth largest oil consuming nation, sources with knowledge of the matter said. (FirstPost)

Total SA has announced it has agreed to sell 50% plus one share in Geosel Manosque. Its stake shall be acquired by a consortium of investment companies; Ardian and EDF Invest.  (Bidness Etc)

Kuwait Petroleum Corp (KPC) is in talks with Indonesia's Pertamina to build an at least 200,000 barrels-per-day refinery in the Southeast Asian country as it aims to lock in buyers for its future oil supply, KPC's international marketing head said. (TradeArabia Business News)

GE and Mexico’s state-owned oil and gas company Petróleos Mexicanos (PEMEX) signed today a Memorandum of Understanding (MOU), as part of the GE’s quarterly meeting of its Corporate Executive Council in Crotonville, New York, with the presence of Pemex CEO, Emilio Lozoya Austin and GE’s Chairman and CEO, Jeff Immelt. (NewsWireToday)

Top Corporate news of the day - September 11, 2015

Check out the most important news stories which captured the headlines at the corporate level in India and internationally.

Reliance Group’s Reliance Energy launched full service Android mobile app, which will allow access to all power supply related services and information in Greater Mumbai.

Tata Motors signed an agreement with French major Total Lubrifiants for supply of high performance lubricants across the homegrown auto major's sales and service points in the global market.

Sun Pharmaceutical Industries Ltd, India's largest drugmaker by sales, said it is looking to divest a manufacturing plant in Ireland as it tries to control costs that have spiralled since it bought Ranbaxy Laboratories Ltd.

Tata Steel has announced that it has started producing coke at its Kalinganagar project in Odisha. In the 3.3 mn tonnes first phase of the project, the steel plant will have two coke oven batteries, each comprising 88 ovens and having a gross coke production capacity of 1.5 million tonnes a year.

As part of its global expansion drive, two-wheeler major Hero MotoCorp plans to set up manufacturing facilities in Mexico, Argentina and Brazil and expects to utilise the new Colombian plant as a hub to export to nearby countries.

Biopharma firm Suven Life Sciences said it has been granted one patent each in five nations, including China and Israel, for a drug used in the treatment of neurodegenerative diseases.

Steel Authority of India Ltd has taken up Rs18bn upgradation and repair programme at Bokaro Steel Plant in Jharkhand.

Maruti Suzuki India launched a limited edition version of its popular model WagonR, named Avance, with prices starting at Rs0.43mn (ex-showroom Delhi).

Piramal Enterprises (PEL) is within striking distance of taking control of Infrastructure Leasing & Financial Services (IL&FS) — India's largest unlisted infrastructure developer and financier.

Nestle India, whose flagship brand 'Maggi' had faced countrywide ban over alleged excessive lead content, will be using consumer engagement and digital marketing platforms to re-establish consumer trust in the product before bringing the popular instant noodles back to the table by the year-end. 

15 Stocks in focus today

Check out the companies which will be in focus during trade today based on recent and latest news developments.

Elder Pharmaceuticals: The pharma company may sell its factories in Maharashtra and Uttarakhand, as well as some real estate, to raise money and repay creditors, as per media reports.

Mahindra Lifespaces: The company has signed a pact to set up an industrial park in Chennai in collaboration with Japan's Sumitomo Corporation for over Rs 400 crore. This will be Mahindra Lifespaces' second project in Chennai, after the Mahindra World City Special Economic Zone in Singaperumalkoil.

BPCL: The company plans to invest Rs.1 trillion between 2016 and 2021, for its next phase of growth, as lower crude oil prices and reduced losses on fuel sales give the company more headroom for business expansion. The investments are mainly aimed to increase the company’s refining capacity, branching into the petrochemicals sector and expansion of city gas distribution business.

Larsen & Turbo: The shareholders of the company has approved raising of about Rs. 9,600 crore through issuance of various securities, including equity shares and convertible bonds. Besides, shareholders have given their nod for issuance of secured/unsecured redeemable non-convertible/perpetual debentures in one or more series/tranches/currencies aggregating up to Rs.6,000 crore.

Suven Life: The biopharmaceutical company announced that it had secured five product patents in China, Israel, Mexico, Singapore and Sri Lanka corresponding to its new chemical entities (NCEs) for the treatment of disorders associated with neurodegenerative diseases.

ONGC and RIL: Both the companies will see attention after the High Court disposed ONGC’s plea against govt, RIL on KG basin gas theft. Meanwhile, BPCL says it will invest Rs. 1 trillion in five years to expand capacities.

Tata Motors: The company signed an agreement with French major Total Lubrifiants for supply of high performance lubricants across the homegrown auto major's sales and service points in the global market.

Castex Tech: The company informed the stock exchanges that it has allotted equity shares to investors following a conversion of its foreign currency convertible bonds, as per media reports.

Hero MotoCorp Ltd: The company plans to set up manufacturing facilities in Mexico, Argentina and Brazil and expects to utilise the new Colombian plant as a hub to export to nearby countries, as per media reports.

Amtek Auto: This counter is likely to come under pressure with banks deciding to go for a special audit of the books of various group companies before providing fresh loans to help it repay the Rs 800 crore bonds coming up for redemption on September 20, though Castex on Thursday said it has converted around $80 million (Rs 530 crore) of bonds into equity.

Vedanta: The counter is likely to react to reports that mining giant Vedanta Resources has resorted to aggressive cost reduction and workforce reduction in its aluminium segment amid subdued and volatile market conditions globally.

Sun Pharmaceutical Industries Ltd: The pharma company is planning to divest a manufacturing plant in Ireland as it tries to control costs that have spiralled since it bought Ranbaxy Laboratories Ltd.

lnfosys: Infosys and ATP announced a strategic partnership to leverage the latest technological advances in mobility, cloud and analytics to transform the experience of tennis fans and players the world over.

Maruti Suzuki India: The auto company has launched a limited edition version of its popular model WagonR, named Avance, with prices starting at Rs0.43mn (ex-showroom Delhi).

Steel Authority of India Ltd: The company has taken up Rs.18 billon upgradation and repair programme at Bokaro Steel Plant in Jharkhand.

Oil & Gas blocks auctions: No retrospective changes should be made, urges industry

“Since the launch of NELP in 1999, investors have spent $ 23 billion on exploration and development alone against the return of $12 billion in 15 years, indicating a shortfall of $11 billion. Unless we correct the risk-reward imbalances, investors will continue to remain reluctant to invest in India.”

Ahead of the next edition of oil and gas blocks auctions, the domestic explorers in a letter to the Secretary, Ministry of Petroleum and Natural Gas, Kapil Dev Tripathi have urged the government to ensure that there is no retrospective changes made in contracts. No fiscal incentives should be offered at the time of awarding the block, the industry stated in the letter.
 
 “What is of utmost importance is that any regime, once adopted, should be honoured in letter and in spirit and its terms should not be modified after signing of contract. Any modifications made in a licensing regime must only be enforced prospectively,” the letter mentioned.
 
 “Since the launch of NELP in 1999, investors have spent $ 23 billion on exploration and development alone against the return of $12 billion in 15 years, indicating a shortfall of $11 billion. Unless we correct the risk-reward imbalances, investors will continue to remain reluctant to invest in India.”

Sensex Poised to Open Higher: 10 Developments

BSE Sensex and Nifty are poised to open higher tracking mixed Asian markets and overnight gains on Wall Street. The SGX CNX Nifty was up 0.30 per cent at 7,842, indicating a higher start for Indian markets.

Here are top 10 developments:

1) With the September 17 Fed meet drawing closer and today being the final trading week, analysts say that traders in Indian markets are likely to remain cautious. This could keep the gains capped.

2) The Federal Reserve is widely expected to raise its interest rate later this month amid improving economic recovery in the US.

3) However, some analysts say that the recent turmoil in the global markets triggered by the devaluation of China's currency could force the Fed to delay the rate hike.

4) Analysts say that in the short term Indian markets are likely to take cues from its global peers, which are expected to remain volatile till the crucial US Fed meet.

5) Analysts also remain worried about the relentless selling from foreign investors in Indian stock markets. Foreign investors sold a record Rs 16,877 crore worth of domestic stocks in August. On top of that, they sold Indian stocks worth nearly Rs 6,000 crore in the past eight sessions.

6) An interest rate hike in the US could accelerate the selling from foreign investors who would like to park their money in US bonds. Besides, a rate hike in the US would strengthen the dollar, putting further pressure on rupee.

7) Domestic institutional investors have been buyers of stocks despite the selloff from foreign investors, providing some support to Indian markets. On Thursday, they bought shares worth Rs 66 crore.

8) Traders will also keep an eye on the rupee which affects the dollar returns of foreign investors. The dollar index, which tracks the greenback against a basket of six major rivals, edged up today. The rupee had ended lower at 66.43/dollar on Thursday against the previous close of 66.41.

9) Asian markets were mixed today with Japan's Nikkei and China's Shanghai Composite trading flat. Hong Kong's Hang Seng rose 1.4 per cent.

10) Overnight, on the Wall Street, major indexes edged higher amid a bout of volatile trade as investors showed nervousness ahead of next week's Federal Reserve meeting. The Dow Jones industrial average rose 76.83 points, or 0.47 per cent.