India Morning Report: 2G Auctions (discounted), Gas Price rise, Markets expiry and CAD data

The markets expiry should probably read F&O exiry but that is just here nor there. CAD(Current Account Deficit) data is as 3.6% of GDP is a very good score with a $17 B surplus admittedly par for the course for Jan — March quarter. Crude basket pricing has gone down to $101 for the year

THE INDIA BUDGET 2012: Banking for All, Infrastructure and Industrial Development

70,000 habitations have been covered successfully in Swabhimaan. to be extended to all habitations of Pop>1000 in NE and hilly states and Pop>2000 else where PPP investment reliance to continue , INR250 bln of INR 500 bln expected from Private Sector. Irrigation, Dams, Fertilisers , Oil &Gas, LNG Storage, Telecom Towers and Eqpt all added

Midcap Select: Opto Circuit, Adani Ent

OPTO: Opto got a first device FDA approval in the USA thrui its Cardiac Science Corp subsidiary. It can now invest in marketing of its retail Wearable Holter Cardiac Monitors ADANI: Apart from being close to outbid on the LNG unit in Gujarat Gas (65% stake + 26% open offer = 91.5% of $1 bln+

The RE60, the 1.4 mln Akash Tablets and another LNG unit

The Bajaj auto effort to showcase the 3 wheeler market is an honest and probably remunerative strategy to capture latent non markets for consumer goods and durables in India as most categories have less than 50% attributable to brands and we have npot progressed beyongd the first few gains for brands last heard in the

Reliance losing in brand games and policy

Reliance’s gas pricing quandary continues with warehouse owner IGL retailing gas at up to $15 and Reliance following its earlier efforts at increasing its $4.2 supply rates to PSE Oil companies with a suit against the government asking it to pay more for the gas purportedly using the IGL model for itself even as a