Sensex up 41 points on rate cut hopes
its rally to eight days.
FACTORS TO WATCH
The Reserve Bank of India will release its macro-economic review for Oct-Dec quarter report (1130 GMT)
JSW Steel Ltd earnings
Morgan Stanley intends to allow its banking licence in India to lapse as part of its changed business strategy.
Finance minister P Chidambaram may limit subsidies on food, fertilisers and oil at 1.9 trillion rupees for the next financial year to send out a strong signal on fiscal consolidation, an official involved in the exercise, who is not permitted to talk to the media, said.
L Capital is vying with Kohlberg Kravis Roberts & Co LP to buy up to 4 billion rupees stake in home-grown slimming and beauty services chain VLCC, said at least two people familiar with the matter, adding that the company is worth more than $300 million.
ENERGY/COMMODITIES
India's plan to raise about $2 billion selling a stake in power producer NTPC Ltd will likely take place on Feb. 7, three sources with direct knowledge of the situation said on Friday.
Coal India Ltd said in a court filing The Children's Investment Fund cannot force the state firm to raise prices for the interest of a particular shareholder, and that the company and its directors are under no obligation to sell coal at international prices.
Coal India is facing a lawsuit from TCI, with a hearing at Calcutta High Court to be heard on Wednesday.
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