billion) by selling a 9.5 percent stake in state power utility NTPC Ltd in a share auction on Feb. 7, Disinvestment Secretary Ravi Mathur said.
* GlaxoSmithKline Plc has lifted its stake in its publicly-listed Indian consumer healthcare subsidiary to 72.5 percent from 43.2 percent, deepening its footprint in emerging markets and non-prescription products.
* The RBI said on Tuesday it accepted all 31 bids for 583.20 trillion rupees at its one-day repo auction, through which it injects cash into the banking system. It said it did not receive any bids at its reverse repo auction, through which it absorbs cash from the system.
* Indian banks' refinancing with RBI rises to 180.61 billion rupees.
* Indian banks' cash balances with RBI rise to 3.20 trillion rupees.
* Nifty futures on the Singapore Exchange rose 0.2 percent. The MSCI-Asia Pacific index, excluding Japan rose 0.3 percent.
* Asian shares recovered on Wednesday as solid euro zone data calmed nerves jarred by potential political turmoil, while the prospect of a dovish new governor for the Bank of Japan weakened the yen.
* US stocks climbed on Tuesday, recovering a day after the market's biggest sell-off since November, as stronger-than-expected earnings brightened the profit picture.
FACTORS TO WATCH
* Earnings: Cipla Ltd, Tech Mahindra Ltd
* Day 1 of RBI's central board meeting in the eastern city of Guwahati.
* India money supply data (0930GMT)
INDIAN STOCKS TO WATCH
* The Indian tax authorities have sent sternly-worded letters asking several companies that paid lower service tax or excise duty than last year to explain the decline, The Economic Times reported citing a review of the letters.
* Kotak Mahindra Bank Ltd said on Tuesday it acquired the business loans portfolio of the Indian arm of Barclays Plc.
* Housing Development Finance Corporation (HDFC), India's biggest housing finance company, will reduce its prime lending rate by 10 basis points starting Feb. 6, it said on Tuesday.
* United Bank of India's October-December net profit fell 81.3 percent to 422 million rupees from a year ago.
* The Indian government expects to raise around 120 billion rupees ($2.25 billion) by selling a 9.5 percent stake in state power