IDEA -SPICE Merger

BSE BANKING INDEX TRADING 1 PCT DOWN DESPITE SENSEX REBOUND; ICICI BANK DOWN 1.3 PCT
BSE SENSEX PROVISIONALLY ENDS UP 0.8 PCT AT 14223, GAINS 117 POINTS
BSE SENSEX RECOVERS FROM STEEP MORNING LOSSES, GAINS MORE THAN 300 POINTS TO TRADE AT 14082


BSE BLOCK DEAL: GUJARAT ALKALIES & CHEMICALS 349575 SHARES AT 166.00 INR
BSE BLOCK DEAL: ONGC 800000 SHARES AT 870.00 INR, POSTED A 72 PERCENT RISE IN JAN-MARCH PROFIT
BSE BLOCK DEAL: WELSPUN GUJARAT STAHL ROHREN 200000 SHARES AT 317.50 INR

BSE INFO TECH INDEX TRADING MORE THAN 2 PCT DOWN; INFOSYS SLIPS 2.7 PCT, WIPRO DOWN 1.7 PCT

CAIRN INDIA SAYS TO SPEND $2 BLN OVER 18 MONTHS ON INDIA OPERATIONS
EROS INTERNATIONAL CONSIDERS LISTING BUSINESS IN INDIA TO RAISE ACQUISITION FUNDS - COO
FIN MIN STATEMENT SAYS OBJECTIVE OF RBI ACTION IS TO MODERATE AGGREGATE DEMAND
GMR INFRA RAISES $1.1 BLN FROM FIVE BANKS - CFO
GMR INFRASTRUCTURE SHARES UP 3.7 PCT ON PLANS TO PICK UP 50 PCT STAKE IN INTERGEN N.V. FOR $1.1 BLN

IDEA CELLULAR EXEC SAYS PLANS CAPEX 100 BLN RUPEES OVER 2 YRS, SAYS NO FURTHER PLANS FOR ACQUISITIONS
IDEA CELLULAR EXEC SAYS TELEKOM MALAYSIA STAKE WILL NOT GO ABOVE 20 PCT
IDEA CELLULAR SAYS TO BUY STAKE AT 77.3 RUPEES/SHARE
IDEA CELLULAR SAYS TO MERGE SPICE COMM WITH ITSELF
IDEA CELLULAR TO BUY STAKE IN SPICE COMM WITH TELEKOM MALAYSIA
IDEA TO ALLOT 464.7 MLN SHARES ON PREFERENTIAL BASIS AT 156.96 RUPEES EACH TO
TELEKOM MALAYSIA UNITS

INDIA LIKELY TO EXPORT 2.4 BLN -2.6 BLN RUPEES WORTH OF ORGANIC SPICES BY 2012 - SPICES BOARD CHAIRMAN
INDIA TO SPEND 600 MLN RUPEES BY 2012 ON DEVELOPMENT OF ORGANIC SPICES - SPICES BOARD CHAIRMAN

LG BALAKRISHNAN & BROS UP 19.78 PCT AT 16.65 RUPEES ON SALE OF INDUSTRIAL CHAIN BUSINESS TO UK'S RENOLD PLC FOR 5.7 MILLION POUNDS

NAGARJUNA CONSTRUCTION SAYS GETS ORDERS WORTH 3.33 BLN RUPEES

NSEI BLOCK DEAL: INDIAN HOTELS CO 501064 SHARES AT 83.00 INR
NSEI BLOCK: DEAL GLENMARK PHARMACEUTICALS 102094 SHARES AT 630.00 INR

ONGC MARCH QTR NET PROFIT 26.3 BLN RUPEES, SHARES TRADING 0.78 PCT UP AT 863 RUPEES PER SHARE
SENSEX BOUNCES BACK INTO POSITIVE TERRITORY, TRADING 30 POINTS UP AT 14133
SHARES IN AMARA RAJA BATTERIES UP 2.47 PCT, AFTER POSTING A 72 PCT RISE IN JAN-MARCH PROFIT
SPICE COMM SHARES UP MORE THAN 30 PCT, TRADING AT 71 RUPEES PER SHARE
TATA COMMUNICATIONS UP 1.7 PCT ON AGREEING TO BUY FURTHER 30 PCT IN SOUTH AFRICAN FIXED LINE OPERATOR NEOTEL

TECH MAHINDRA SAYS GETS MULTI-MILLION DOLLAR ORDER FROM TELECOM FIJI

SENSEX SLIDES MORE THAN 300 POINTS

50-SHARE NSE INDEX TRADING UP 0.2 PCT AT 4661 POINTS

ANDHRA BANK LOOKING AT 20 PCT TO 22 PCT LOAN, DEPOSIT GROWTH IN FY09 - CMD
ANDHRA BANK PLANS TO RAISE $125 MLN THROUGH FOREIGN CURRENCY LOANS SOON - CMD
ANDHRA BANK PLANS TO RAISE DEPOSIT RATES BY 50 BASIS POINTS - CMD

ANNUAL WHOLESALE PRICE INFLATION FOR WEEK ENDED JUNE 7 SEEN AT 13-YR HIGH OF 9.82 PCT - POLL

ASHOK LEYLAND UP 2.4 PCT ON SHARE SALE PLAN IN JOINT VENTURE WITH NISSAN
AUROBINDO PHARMA FALLS FURTHER TO DAY'S LOW, DOWN 3.4 PERCENT, ON 2.7 PCT DIP IN QUARTERLY NET PROFIT
BANK STOCKS LOSE STEAM AFTER RISING SHARPLY OVER THE PAST TWO DAYS; ICICI FALLS 1.4 PCT, HDFC SLIPS 1.9 PCT
BENCHMARK 30-SHARE BSE SENSEX DOWN 1.64 PERCENT AT 15,431.86 POINTS
BHARTI AIRTEL SHARES TRADING 2.42 PCT DOWN AT 813 RUPEES PER SHARE, DOWN MORE THAN 20 RUPEES
BROADER 50-SHARE NATIONAL STOCK EXCHANGE INDEX DOWN 1.32 PCT AT 4,591.70 POINTS

BSE BLOCK DEAL: ABAN OFFSHORE 24400 SHARES AT 3830.00 INR
BSE BLOCK DEAL: CYBERMATE INFOTEK 500000 SHARES AT 5.51 INR
BSE BLOCK DEAL: KARNATAKA BANK 352367 SHARES AT 175.00 INR

BSE SENSEX PROVISIONALLY CLOSES MORE THAN 300 POINTS DOWN AS POLITICAL UNCERTAINTY AND BANKING SECTOR DRAG INDEX DOWN
BSE SENSEX TRADING 75 POINTS DOWN AS BANKING STOCKS SLIP AFTER 2-DAY RALLY
CRUCIAL UPA-LEFT MEETING ON INDIA-US NUCLEAR DEAL POSTPONED, SENSEX SLIPS ON NEWS

ICICI BANK STOCKS TRADING 2.7 PCT DOWN AT 798 RUPEES PER SHARE
ICSA INDIA SAYS GETS APPROVAL TO SET UP WIND POWER PROJECT

INDEX HEAVYWEIGHTS ICICI, RELIANCE IND, INFOSYS SLIP BETWEEN 2-5 PCT AS POLITICAL UNCERTAINTY DAMPENS SENTIMENT
KINGFISHER-DECCAN MERGER GETS KARNATAKA HC NOD, DECCAN AVIATION SHARES TRADING MORE THAN 3.5 PCT UP
MOSCHIP SEMI EXTENDS GAINS TO REACH DAY'S HIGH OF 16.75 RUPEES ON INTELLASYS AUDIO VIDEO UNIT ACQUISITION
NSEI BLOCK DEAL: CROMPTON GREAVES 300000 SHARES AT 261.00 INR
OIL MINISTER MURLI DEORA URGES MAJOR OIL PRODUCING NATIONS TO PUMP MORE CRUDE

PLETHICO PHARMA PLANS TO BID FOR ONE NUTRACEUTICAL MAKER IN US, IN TALKS WITH ANOTHER - CFO
PLETHICO PHARMA RISES 9.1 PERCENT TO AN INTRA-DAY HIGH OF 408.40 RUPEES ON US, BRAZIL ACQUISITION PLANS
PLETHICO SHARES TRADING 8 PCT UP AT 403.9O RUPEES PER SHARE
PTC INDIA EXTENDS GAINS AFTER MULTIPLE BLOCK DEALS WERE STRUCK FOR 4 MILLION SHARES, OR 1.8 PCT OF EQUITY, AT 87.50 RUPEES EACH ON THE BSE AND NSE

RELIANCE COMM GAINS MORE THAN 2 PCT, ALMOST RECOUPS LOSSES OVER THE LAST TWO DAYS
RELIANCE COMM SHARES DOWN JUST 0.32 PCT AS MTN TALKS PROGRESS DESPITE RELIANCE IND CLAIM
RELIGARE ENTERPRISES GAINS 5.5 PCT AFTER MINT REPORTED FIRM INTENDS TO ENTER BANKING BUSINESS

SENSEX DRAGS DOWN MORE THAN 200 POINTS, TRADING NEARLY 1.5 PCT DOWN
SENSEX SLIDES MORE THAN 300 POINTS, TRADING 1.9 PCT DOWN AT 15399 POINTS
SENSEX SLIPS TO NEGATIVE TERRITORY, TRADING 0.18 PCT DOWN

TATA COMM SAYS SIGNS JV WITH CHINA ENTERPRISE COMMUNICATIONS, SHARES TRADING MORE THAN 2 PCT UP
TATA CONSULTANCY CEO SAYS INDIA OUTSOURCING INDUSTRY REVS TO GROW 20-22 PCT THIS FISCAL YR
TATA CONSULTANCY CEO SEES BUSINESS OPPORTUNITIES IN GOVT, UTILITIES SECTORS
TATA CONSULTANCY CEO: LOOKING AT M&A OPPORTUNITIES IN EUROPE, U.S.
TATA CONSULTANCY CEO: PROJECT DELAYS IN BANKING, FINANCIAL, INSURANCE SECTORS CONTINUING AMID SLOWDOWN
TCS SHARES TRADING 1.14 PCT DOWN AT 911 RUPEES PER SHARE

Markets crashed Monday June 9

Indian markets were butchered as higher oil prices and increasing unemployment in US sparked off selling in global equity markets.


Other Broad indices, 9th June, 2008


Indian markets took a dive in opening trade following weak global cues as crude prices hit an all time high of USD 139.12 a barrel and unemployment in US surged.
BSE Sensex opened at 15,115.97 down by 456.21 points and Nifty opened at 4,626.45 marginally down by 1.35 points. Markets continue to remain weak and in the
opening hours, Sensex slipped below 15K mark whereas Nifty slipped below 4,500. However, markets recovered from day’s low in second half, led by buying in
healthcare. European markets which opened after Indian markets were volatile and were trading in a narrow range.

Sensex ended at 15,066.10, down by 506.08 points or 3.25%, after hitting a high of 15,202.74 and a low of 14,846.18. Nifty declined 2.74% or 126.85 points before
closing at 4,500.95. It touched a high/low of 4,626.45 and 4,411.60. Sensex recovered 200 points from day’s low while Nifty recovered almost 100 points. Selling was
widespread and except BSE HealthCare, all sectoral indices ended the day in negative terrain. BSE Realty was worst hit and lost 7.38%. DLF made a lifetime low. BSE Smallcap and Midcap also closed weak.



Bharat Heavy Electricals slipped 3.29% to Rs.1,374.65. The company has won a contract worth Rs.3,600 crore to set up a combined cycle power plant in New Delhi.

Suzlon Energy tanked 6.57% to Rs.261.80. A customer of company in United States had cancelled purchase of 150 units of its turbines, reducing its order backlog by
315 megawatt.

Rohit Ferro Tech dropped 3.75% to Rs.154. The company has signed an agreement with PT Pacific Samudra Perkasa of Indonesia to acquire 60% interest in two of its mining companies.

Shares of three passenger airlines viz. Jet Airways, Deccan Aviation and SpiceJet declined between 2.26% to 8.90%. These companies have raised fuel surcharge in line with rising jet fuel prices.

Market breath was negative with 474 shares advancing and 2,170 shares declined, whereas 49 shares remained unchanged.

Oil Price Impact on Inflation .6 pct

29 Of 30 Sensex Stocks In The Red, Index Heavyweights Reliance Industries And Infosys Technologies Lead Losers
30-Share Bse Index Trading At 15,899, With 24 Components In The Red

A. Balasubramaniam, Chief Investment Officer, Birla Sunlife Asset Management Says It Will Have Some Bit Of Ressure On Inflation And Also On Fiscal Overall
Anupam Rastogi, Principal Policy Adviser At Idfc, Says The Price Hike Will Have Direct Impact On Headline Inflation, Sees Wpi Rise To As Much As .5 Pct By Mid-June
Bpcl Up More Than 4 Pct, Trading At 366 Rupees Per Share
Broader 50-Issue Nse Index Was Down 0.44 Pct At 4695


Bse Sensex Extends Fall To 3 Pct On Day
Bse Sensex Moves Into Positive Territory Within Minutes Of Govt Announcing Fuel Price Hike
Bse Sensex Provisionally Closes Down 2.9 Pct

Cabinet Reaches Agreement On Fuel Prices, Will Be Announced At Noon Local Time - Minister

Civil Aviation Secy Says 07/08 All Airline Losses At 40 Bln Rupees
Civil Aviation Secy Says 08/09 Airline Losses May Double From Year Earlier On Higher Fuel Cost
Civil Aviation Secy Says Asks Airline To Provide More Details On Issues Being Faced
Civil Aviation Secy Says Asks Airlines To Cut Costs

Despite Shares Of Oil Firms Rising, The Overall Mood In The Markets Seems Negative
Dipak Acharya, Of Bob Asset Management Expects Some Amount Of Stability Once Thereã¢Â?Â?S Clarity On Fuel Prices
Expected Curb On Demand For Oil After India Decision Adds To A More Than $3 Slide On Tuesday
Fall Led By Led Down By Hdfc, Down 0.72 Pct, And Infosys, Down 1.02 Pct
Fitch Places Reliance Infrastructure On Rating Negative Watch
Fuel Price Rise To Lift Annual Wpi Inflation To 13-Yr High Of 9.2 Percent On June 7 - Reuters Poll
Global Oil Prices Fall Below $124 A Barrel To Its Lowest Level In Nearly Three Weeks After India Fuel Price Hike
Gmr Industries Ltd Surges To 96.60 Rupees On Plans To Invest 4.5 Billion Rupees To Set Up Sugar Mill In Karnataka

Govt Raises Price Of Cooking Gas Cylinder By 50 Rupees
Govt Raises Price Of Diesel By 3 Rupee/Litre
Govt Raises Price Of Petrol By 5 Rupee/Litre

Hpcl Trading Close To 3 Pct Up At 256 Rupees Per Share
Hpcl, Indian Oil, Bpcl Shares Trade Down 3-8 Pct Despite Govt Decision To Hike Fuel Prices
India Govt Bonds Down As Govt Hikes Retail Fuel Prices
Indian Oil Gains Close To 3 Pct, Trading 12.75 Rupees Up At 446.60 Per Share
Indian Oil, Hpcl And Bpcl Gain 3 Pct To 4.5 Pct On Govt Decision To Hike Retail Fuel Prices
Ioc, Hpcl, Bpcl And Ongc Shares Gain On Price Hike Announcement
Ipca Labs Plans Capex Of 800 Mln Rupees In Fy09 - Official
Kotak Securities Says Bears Might "Turn The Tide" In Their Favour, Pulling The Market Down To 15,300
Kotak Securities Says If Index Fails To Sustain Above The 16,000 Level, Then Sentiment Would Be Muted
Lehman'S Sonal Verma Says Higher Fuel Cost Is Negative For Growth But Is A Positive Signal As It Reduces Oil Ompanies Under-Recoveries
Let'S Now Take An Instant View On What Analysts Have To Say On The Govt Decision To Hike Fuel Prices
Media Reports, Analysts Say Prices To Be Raised By About 10 Pct For Petrol And 5-6 Pct For Diesel
Moving On To News From The Bse, It Seems Auto Stocks Have Come Under Selling Pressure

Oil Minister Says No Increase In Price Of Kerosene
Oil Secretary Says Price Hikes Effective From Midnight
Oil Secy Says Hike In Fuel Prices To Have 0.5-0.6 Pct Impact On Inflation
Oil Secy Says Upstream Cos To Pay 450 Bln Rupees As Subsidy Share In 08/09

Ongc Shares Rise 1.15 Pct, Trading At 852.00 Rupees Per Share
Ongc Shares Rise More Than 5.5 Pct, Trading At 889 Rupees Per Share
Punj Lloyd Ltd Gains 2.4 Percent On News It Acquired 74 Pct In Uk-Based Engineering Consultancy Firm For An undisclosed Sum

Revenue Secretary: Excise Duty On Petrol, Diesel Reduced By 1 Rupee/Litre
Revenue Secretary: Govt Cuts Customs Duty On Other Petroleum Prods To 5 Pct From 10 Pct
Revenue Secretary: Govt To Cut Import Duty On Crude Oil
Revenue Secretary: Govt To Lose 226 Bln Rupees In Revenue
Revenue Secretary: To Issue 946 Bln Rupees Of Oil Bonds In Fy09

Rupee Gains As Banks Liquidate Dollar Holdings Ahead Of An Expected Increase In Retail Fuel Prices
Rupee Traders Watch The Stock Market To Gauge Foreign Fund Flows
Second-Round Effects To Add Further 50-110 Basis Points To India'S Wpi Inflation Over 3 Months - Reuters Poll

Sensex Claws Back On Price Hike News After Morning Losses, Down Just 0.4 Pct At 15,898
Sensex Is Still Down Close To 150 Points, Trading At 15,821 Points
Sensex Opens 0.2 Pct Higher, But Quickly Turns Negative
Sensex Slips Back Into Red After Briefly Breaking Into Positive Territory, Trading Down 0.26 Pct

Shares Of Deep Industries Touches A High Of 159.95 Rupees On Getting An Order Worth 143 Million Rupees From Reliance Industries
Shares Of State Oil Firms, Ioc, Hpcl, Bpcl, Which Would Gain From Higher Fuel Prices, Are Up More Than 2 Pct In Late Mumbai Mkt
Shares Of Tata Motors, Maruti Suzuki, Mahindra & Mahindra, Hero Honda And Bajaj Auto Are Down 1-4 Pct
Sonal Verma, Economist, Lehman Brothers, Mumbai: Fuel Price Increase Is Higher Than Expected, Says It Should Have Large Direct And Indirect Impact On Inflation
Spicejet Says To Look At Temporarily Suspending Unviable Routes - Director
State-Run Oil Firms Continue Strong Run Ahead Of Expected Retail Fuel Price Hike
Traders Raise Concerns Over Auto Sales Growth, Sentiment In The Sector Had Been Weak Since Morning On Likely Price Hike

With Ioc, Hpcl, Bpcl And Ongc Shares Posting Sharp Gains
Yes Bank Chief Economist Shubhada Rao Says Fiscal Situation Will Deteriorate Further Due To 19 Pct Giveaway In Ustom Duty Relief And Some In Excise
Yes Bank'S Rao: Fiscal Scenario Looks Ominous, Expects Fiscal Deficit To Put Pressure On Government Borrowing

Reliance Money: Assisted Trade Charge

Subject Assisted Trade Charge

Dear Customer,

This has reference to your Reliance Money Account.

Currently, the applicable Assisted Trade charge is Rs.12/- for each executed order/transaction placed on your behalf. This Assisted Trade charge is subject to change from time to time.

To provide you value added services on an ongoing basis and also for further strengthening the infrastructure in this regard, we shall be revising the existing Assisted Trade charge from Rs.12/- to Rs.15/- for each executed order/transaction.

The revised Assisted Trade charge will be effective from June 2, 2008

Warm regards

Reliance Money

Another charge increase Rs.50 for a 10 page DIS booklet.