RANBAXY LOOKS GOOD FOR BUY

Nifty : (5157.70)
As we mentioned in our last post that market still has some more upside left. Now look market has moved up. Nifty Spot has closed above our resistance level of 5156. That is a good closing for market. But again one thing to keep in mind that "Profit Booking At Every Higher Levels". For today supports are 5143, 5106, 5089 and resistance levels are 5173, 5191 and 5207Today's Pick - Ashapura Minechem

We recommend a buy in Ashapura Minechem from a short term perspective. It is evident from the chart that the stock has been on a medium term down trend from the January peak at Rs 448. This down trend was arrested at Rs 168 in March and the stock has been moving higher since then.

The crossover of the 21 and 50-day moving averages in the daily charts is a positive signal. The volume traded has also increased over the past two trading sessions. The daily momentum indicator has entered the bullish zone.

Moreover, the daily moving average convergence and divergence is featuring in the positive territory in line with the uptrend. Our short-term forecast for the stock is bullish. We expect the stock’s current up move to continue until it hits our price target of Rs 280 in the short term. Investors with short-term perspective can buy the stock while keeping the stop-loss at Rs 233.

Key Events for the coming week:
Indian Markets: More Q4 numbers. Inflation on Friday 23rd May
Overseas Data:
* Thursday - Data on April Producer Index
* Friday - Existing home sale data and consumer sentiment index.
Stocks to watch:
* Dishman Pharma - Rs 310
* Garware Wall Ropes - Rs 104
* Micro Technologies - Rs 281
* VIP Industries - Rs 93.90
* Rural Electrification - Rs 117


Corporate News M&M is likely to buy a controlling stake in Italy’s Stile Bertone. (ET)
ONGC Videsh plans to relinquish its onshore exploration block in Ghadames basin, Libya, in favour of the National Oil Co. of that country. (BL)
Reliance Industries in talks with two overseas companies for a foray into hospitality. (ET)
Reliance Retail close to break even in its first full year of operations. (Mint)
ONGC subsidy on auto and cooking fuel to rise by 17.5% in 2007-08. (FE)
Maharashtra government is reconsidering the bid by Reliance Energy for the Rs60bn Mumbai Trans Harbour link. (BS)
Mittal Energy Investments, Total of France and HPCL are likely to invest Rs320bn each in the proposed Petro hub project in AP. (ET)
United Spirits is expected to go in for local bottling of Whtye & Mackay scotch whisky. (ET)
RCOM is set to launch DTH services in 4,000 towns. (ET)
GAIL may become a consortium partner in the Pakistan-India portion of the Iran-Pakistan-India gas pipeline project. (BL)
State owned oil marketing companies want to pay ONGC & Oil India, in oil bonds. (FE)
The Left parties have opposed any move by the Centre to relax FDI norms to facilitate the Bharti-MTN deal. (FE)
Reliance Infratel dilutes 5% stake in pre-IPO placement. (FE)
Ceat decides to set up Rs6bn greenfield radial facility in Gujarat. (BL)
BSEL Infrastructure Realty has signed a MoU with the Government of Malaysia for development of the proposed Iskandar metropolis at an investment of Rs180bn. (BL)
Ranbaxy has started operations in Yemen by tying up with a local firm, Pharma. (ET)
Aditya Birla group to invest Rs4bn in its retail business under group company Aditya Birla Nuvo.(ET)
Quippo Telecom Infrastructure is likely to buy 49% stake in Tata Telecom Teleservices.(TOI)
OnMobile Global to buy a French company in the area of speech recognition software.(BL)
Kinetic Motors in talks with a PE fund and other automakers, in addition to M&M, to raise Rs1.5bn.(Mint)
TRAI asks Government to prescribe contingent rollout obligations and seek additional bank guarantees from Reliance Communications and Tata Teleservices.(BS)
Allahabad Bank plans a rights issue for raising
Tier I capital without diluting government stake.(DNA)
UTI MF may defer its IPO to July in view of financial turmoil in global markets.(FE)
Tata group plans to enter the business of operating and managing ATMs through Tata Communications.(Mint)
Tata Investment to raise Rs7.2bn through a rights issue of zero coupon convertible bonds.(ET)
HSBC acquires 73.2% stake in IL&FS Investsmart for Rs11bn in cash.(BL)
Pidilite Industries exploring possibilities to acquire majority stake in European or US companies.(BS)
Gateway Distriparks plans to double the capacity of its cold storage warehouses. (DNA)
Himatsingka has disclosed a MTM loss of Rs1.75bn (as on March 10, 2008) on a derivative deal with HDFC Bank, for which it has sued the bank. (BS)
Bombay Dyeing is considering demerging its real estate business into a separate company. (DNA)
Tata Coffee is eyeing an acquisition in Russia. (DNA)
Raymond has re-launched its popular brand Be and plans to re-open Be: apparel stores. (ET)
Videocon Industries plans to make mobile handsets. (DNA)
Reliance BIG Entertainment, part of the ADAG group, to invest US$1bn in the Indian film and end entertainment business.(ET)
Global Steel Holdings plans to invest US$450mn to double its capacity at Delta Steel Company in Nigeria to 2.4mtpa.(ET)
HCL Technologies in talks for an acquisition in the life sciences space.(DNA)
Godrej group and Videocon Industries sounded out on a possible bid for GE’s appliances division.(ET)
Bahrain Telecommunications may acquire a listed Indian operation.(Mint)
Hyundai plans to launch a US$3,500 car in India by 2012.(TOI)
Shree Precoated Steels decides to hive off its steel business into a separate company.(ET)
Mercator Lines enters into coal mining business through its subsidiary in Singapore.(DNA)
Bharti Airtel to start its Sri Lanka operations this year.(ET)
Omaxe plans to foray into Dubai property market

Good News

Paid trial for one week is Rs.1750/-

Add Rs.175/- towards Bank Charges if Depositing Cash

For Intraday service,we are taking 1000 rs fees in advance
( fees of 2-3 calls in advance).
For Positional Calls service, we are taking 1000 rs in advance
( fees of 2-3 call in advance).

Note :

Foreign Clients Please Inform Us By E-Mail After Sending Money Through Western Union Money Transfer About Allocation Number.

Indian Clients Please Inform Us By E-Mail After Sending Money Or After Deposit Of Money In Our ICICI Bank Account.

You will be added in our list instantly

Note -:


Payment

We have HDFC BANK,ICICI BANK Payment options

FIIs continue buying ????

SELL ON HIGH IS TODAYS GAME TO KNOW MORE SUBSCRIBE FOR LEVELS

FOR Pre Market Watch - May 16 2008 VISIT
http://www.freewebs.com/jgs-investments/marketwhisper.htm

Trading Calls - May 15 2008

OUT BTST - NIFTY,POLARIS,ONGC,GAIL,AISHWARYA,HCL TECH .........

ON RADAR - IFLEX,MARUTI,LANCO INFRA,SESAGOA,RCOM,,,,,,,,,,,

We recommend a Buy call on LITL with stop loss of 492 for the target of 526, 538 and 545

We recommend a Buy call on SIEMENS with stop loss of 568 for the target of 597, 609 and 626.

OVERALL VIEW ABOUT MARKETS TODAY :Markets will be opening with positive note with a gap of 100-125
points on positive side on Sensex. Markets will be moving up with renewed support from institutions and operators. . Markets will have usual high volatility. Technology, Infrastructure and communication shares gaining ground

So now it is important to keep an eye on that trend line which is working as a support line. For today supports are 4953 , 4912 and resistances are 5047, 5084 and 5141


Today's Pick - Polaris Software

We recommend a buy in Polaris Software Lab from a short-term perspective. It is clearly visible from the charts that the stock has formed a significant trough at Rs 62 in January.

This trough has halted the long-term down trend that was in motion since the 2007 peak at Rs 237. The double-bottom pattern spanning almost three months between January and April this year signals a possible long-term reversal.

On April 17, the stock conclusively broke through the baseline of this double-bottom pattern, indicating bullishness.

We notice good volume support over the past four weeks. The daily momentum indicator has re-entered the bullish region. We are bullish on the stock in the short-term and expect it to move up to our target price level of Rs 124 in the forthcoming trading sessions. Investors with short-term perspective can buy the stock while keeping the stop-loss at Rs 104.

Bulls may be tested again

Markets started off the day with a negative bias mirroring overnight losses in the US markets. However, as the day progressed key indices gradually gained momentum on back of positive cues from the Asian markets. The momentum was further carried as the IT and Metal stocks attracted buying which saw the Nifty index close above the crucial 5k mark. Finally, the BSE benchmark Sensex ended 225 points higher to close at 16,948 and the Nifty index gained 53 points to close at 5,011.

Overall about 1,417 stocks advanced; 1,245 stocks declined while 88 stocks remained unchanged. Among the 50-Nifty 37 stocks ended in green and 13 stocks ended in red.

Cement stocks could be under pressure after companies pledged to cut prices, joining steelmakers in the government's efforts to curb inflation.

BASF SE, the promoter of BASF India has announced a voluntary Open Offer to purchase up to 6,289,591 shares (constituting 22.3% of the issued share capital of BASF India) at Rs274 per share for a total consideration of Rs1.72bn (assuming full acceptances are received in the Offer).

Sun Pharma Advanced gained by over 2% to Rs95 after the company announced its Q4 net profit at Rs144.7mn (up 190.5%) and the revenue was at Rs245.1mn. The scrip touched an intra-day high of Rs100 and a low of Rs93 and recorded volumes of over 14,00,000 shares on NSE.

LITL rallied by over 10% to Rs513 after the company announced that it secured Rs80bn International terminal project in Kerala. The scrip touched an intra-day high of Rs526 and a low of Rs446 and recorded volumes of over 17,00,000 shares on NSE.

JSW Steel surged by over 4% to Rs996 after the company announced that it posted 14% growth in crude steel production in April' 2008 including production of Salem works for corresponding period on comparable basis. JSW Steel also registered a 12% growth in Rolled flat product (HR Coils & Plates) & 33% growth in Rolled long products segments. The scrip touched an intra-day high of Rs1044 and a low of Rs950 and recorded volumes of over 5,00,000 shares on NSE.

The IT stocks were in momentum as the Indian rupee further depreciated to Rs42.45 per dollar. IT bellwether Infosys gained by over 4.5% to Rs1826, Satyam gained by a percent to Rs501, Wipro advanced by 2% to Rs503 and i-Flex added over 4.5% to Rs1386.

Apollo Tyres ended flat to Rs42, there were reports stating that Apollo Tyres partly owned by Michelin & Cie. would spend Rs10bn this year to raise capacity. The scrip touched an intra-day high of Rs43 and a low of Rs42 and recorded volumes of over 1,00,000 shares on NSE.

SCI rallied by over 6% to Rs258 after the board of directors of the company said it will consider bonus issue proposal. The board of directors of the company would meet on May 20, 2008 to consider the proposal. The scrip touched an intra-day high of Rs264 and a low of Rs249 and recorded volumes of over 3,00,000 shares on NSE.


Corporate News

The Joint Venture between SREI Infrastructure Finance and BNP Paribas Lease Group - announced last year - has started operations in April under the name of SREI Infrastructure Development Finance Pvt Ltd.

A JV between Kirloskar Brothers, Maytas Infrastructure and MEIL has received a contract worth Rs9.34bn from the Irrigation & CAD Department of the Andhra Pradesh government. Kirloskar Brothers' portion of this order is Rs1.5bn.

Kinetic Motors has clarified that the news about M&M buying a majority stake in it is purely speculative. The company says it is exploring various alternatives to raise funds for its two wheeler business. However, no definitive agreement has been entered with any investor or M&M.

Trans Freight Containers has sold the entire 30,00,000 shares of Morteo Trans Freight Reefer Containers and therefore the latter is no longer a subsidiary of the company.

Tata group plans to up stakes in globally active subsidiaries by 3-4% this year. (BS)
Bharti and MTN in talks for 50:50 cash-share deal. (BS)
Lafarge buys L&T’s concrete business for Rs14.8bn. (BS)
Consortium led by Lanco Infratech wins Rs80bn Kerala port project. (Mint)
SBI and GE Money split credit card JV into two separate operations. (Mint)
Kotak Mahindra Bank to raise US$1.2bn. (Mint)
EDS arm, Mphasis may go private following HP deal. (Mint)
Punj Lloyd plans to offer onshore oil rigs to Libya’s National Oil Corporation. (Mint)
Supreme Court stays order against Tata-BEST power pact. (Mint)
Satyam loses appeal barring its moves to block the online mobile payment company Upaid’s fraud and forgery claims against it in Texas. (Mint)
Belgium based Cockerill Maintenance and Ingenierie makes open offer to acquire 20% in Flat Products. (BS)
Apollo Tyres will spend Rs10bn to add capacity. (BS)
Maharashtra government takes ICICI Lombard to court for not settling farmer related claims. (BS)
Lupin embarks on Rs3bn expansion plan. (BL)
ONGC promoted company enters into MoU with Torrent Energy for supply of bulk power at Dahej. (BL)
Cash crunch affects IOC’s investment plans; part retail expansion proposal on hold. (BL)
Shyam Telelink gets CDMA spectrum in Maharashtra. (BL)
BSNL decides to deploy HP’s disaster recovery solutions. (BL)
Vodafone Essar seeks FIPB approval for investment in tower company. (BL)
PNB not to cut deposit rates for now. (BL)
Syndicate Bank reprices its bulk deposits. (BL)
SC dismisses BSNL’s appeal seeking to recover revised charges from BPL Mobile, and Idea Cellular. (FE)
ONGC to boost production from Bassein. (FE)
Omaxe to invest US$20bn to build 1mn homes. (FE)
ONGC files review petition on disputes on being denied entitlement to tax holiday. (FE)
Wadias sue Rahejas for alleged breach of agreement pertaining 478 acres of land, to claim damages of Rs13.7bn. (FE)
GHCL eyes US furnishing firm Linens ’N Thing. (ET)
Mphasis to scale up operations in India, to raise India headcount by 8,000. (ET)
Mascon Global acquires US-based Ebusinessware Inc, for US$35mn. (ET)
HB Stockholdings revises open offer to acquire 20% of DCM Shriram from Rs120 to Rs130 per share. (ET)
PFC signs MoU with Exim Bank of US for a credit of US$800mn. (ET)
SBI set to launch its Mobile Banking Services by end of June. (ET)

Economic News

Shipping regulator exempts Indian vessels from age bar. (BS)
New players allocated spectrum in Kerala. (BS)
Pharma firms opt for in-licensing to increase sales. (BS)
1.565mn demat accounts stay frozen for lack of PAN details. (BL)
Supply to sugar mills may be hit as cane area shrinks. (BL)
Government to consider fresh pricing of gas from KG Basin. (FE)
The railway ministry enters into an agreement with SNFC International, France. (FE)
Indirect tax collection grew 11% in April 2008. (ET)
Excise Duty collection fell by 3.9% to Rs64.10bn in the first month of the fiscal year. (FE)
Custom duty collection grew 24.9% to Rs90.18bn in April 2008 against Rs72.21bn in same month last year. (ET)
Monsoon to reach Kerala on May 29, three days early. (FE)
The DoT may allow foreign telcos to bid during the upcoming 3G auction. (ET)
Railways to consider removing 30% port congestion surcharge on iron ore for local use. (ET)
India tapping Non-NSG’s (Nuclear suppliers group) members to explore possibilities of importing fuel for its nuclear plants

BULLS HONEYMOON OVER ????

Nifty below 4800 or above 5000

Only for subscribers

Today's Pick - Indusind Bank

We recommend a sell in IndusInd Bank from a short-term perspective. It is evident from the charts that the stock was on a medium-term uptrend between late March 2008 and early May 2008, from its a low of Rs 68 to an high of Rs 105. After finding resistance around Rs 105, the stock reversed direction and began to decline.

On May 12, the stock breached the medium-term up trendline. The stock witnessed moving average compression at around Rs 90 levels and has now penetrated these average lines. The daily and the weekly momentum indicators are declining in the neutral region.

The stock appears to have resumed the long-term downtrend and we are also bearish on it in the short-term. We expect the stock’s down move to continue until it hits our price target of Rs 74 in the upcoming trading sessions. Investors with short-term perspective can sell the stock while keeping the stop-loss at Rs 90.

NEWS
Indian ADRs concluded the day on a negative note on NYSE
barring ICICI Bank (up 0.54%). Laggards were led by Infosys
Technologies (down 1.28%), HDFC Bank (down 1.07%) and
Wipro (down 0.99%).
Ø India's Bharti Airtel Ltd. is considering buying 100% of South
Africa's MTN Group Ltd. for cash and stock.
Ø Indian utility-vehicle major Mahindra & Mahindra Ltd. is in
talks to buy a majority stake in two-wheeler maker Kinetic
Motor Co. Ltd. for INR700 million-INR800 million ($16.7
million-$19.1 million).
Ø India-based Cals Refineries Ltd. has bought two distillation
plants and a delayed coker plant from Petro-Canada for $110
million.
Ø India-based Cals Refineries Ltd. has bought two distillation
plants and a delayed coker plant from Petro-Canada for $110
million.
Ø The US Exim has committed a $2.2 billion line of credit to fund
infrastructure projects in the country. In addition, it also plans
credit support of another $6 billion for funding of aircraft
purchases by Air India and Jet Airways over the next few years .
Ø As part of its efforts to narrow the time between the allocation
of shares in a public issue and their listing, the Securities and
Exchange Board of India on Tuesday gave an ‘in-principle’ nod
to marking lien on bank account as an alternative mode of
payment in public and rights issues.
Ø Reserve Bank of India (RBI) has taken a hardline approach to
the country’s largest private bank ICICI’s investments in ICICI
Venture the country’ biggest private equity fund.

ONLY MONEY MAKING

OUR BTST NIFTY ,CHAMBAL FERTILIZER,GITANJALI,CESC,RNRL,RPL......

The Sensex will now face resistance at 17,100 and Nifty at 5080

Yesterday's lows will be the supports now; for the Sensex, it is 16,546 and for

Nifty, 4913, he adds. One will see volatility, low volumes and scrip specific action in the market now

WE WILL PYAY WITH THIS ESSAROIL,HINDOIL,BAJAJ AUTO,RCOM,Maruti,M&M

Today's Pick - CESC

We recommend a buy in CESC from a short-term perspective. The charts of CESC show that it has been on a medium-term up trend form its March 2008 low of Rs 360 level. The stock conclusively penetrated the medium-term down trendline (that commenced from the January high of Rs 715) in mid-April and progressed upwards. This up-move has also taken the stock above its50-day moving average.

The daily momentum indicator has re-entered the bullish zone form the neutral region and the daily moving average convergence and divergence is featuring in the positive territory. The fact that the stock is sustaining above the medium-term up trendline, is also a positive for the stock.

We expect it to rally to our price target level of Rs 552 in the forthcoming trading sessions. Investor with short-term perspective can buy CESC while keeping the stop-loss at Rs 460.

Watch : BASF TGT 260 HOLD 5 DAY

Today, Nifty has support at 4,853 and resistance at 5,079 and BSE Sensex has support at 16,448 and resistance at 17,06

The Indian Market is likely to have a negative opening due to unfavoring cues from the Asian markets. On Friday, Indian market closed in red due to negative cues like the growth in domestic inflation figures that rose at the fastest pace in three and half years to 7.61% in the week ended 26th April. Also the surge in global crude oil prices above $125 led to the negative sentiments in the market. From the sectoral front, the oil and gas stocks faced the heavy selling across the counters. The BSE Sensex closed lower by 343.58 points at 16737.07 and NSE Nifty fell by 99.10 points to close at 4,982.60. We expect that the market may remain volatile during the trading session


Results Today: Blue Star, Dewan Housing Finance, Graphite India, Indiabulls Real Estate, RCF and Unichem Labs.

Today's Pick - EIH

We recommend a sell in EIH from a short-term perspective. From charts of the EIH, we note that the stock has been on a downtrend (forming lower peaks and lower troughs) form its 52-week high of Rs 246 (touched on January 7).

However, in late March the stock found support at around Rs 119 levels and witnessed a corrective up move to Rs 160 level.

The stock met with a resistance (down trendline) around Rs 160 levels during late April and it failed to surpass this resistance due to selling pressure. Subsequently the stock began to decline and it appears to have resumed its downtrend.

On May 9, the stock fell penetrating the 50- and 200-day moving averages, indicating further bearishness. The daily momentum indicator is on the verge of entering the bearish zone.

A cross over in the daily moving average convergence and divergence indicates a sell signal. We are bearish on the stock in the short-term.

We expect the stock’s downtrend to continue until it hits our price target of Rs 124 in the upcoming trading sessions. Investor with short-term perspective can sell the stock while keeping the stop-loss at Rs 149.




Corporate News

India’s largest DTH company Dish TV to offer free set-top boxes.(BS)
Ranbaxy is likely to announce a drug discovery research tie-up with US drug manufacturer Merck.(BS)
M&M announces an upward revision of vehicle prices in the range of 1.5-2.5%.(BL)
NTPC on the look out for coal mines abroad.(BL)
Heidelberg consolidates its cement business in India.(BS)
DLF Assets is likely to launch an IPO of its office trust in Singapore by June to raise US$2 billion.(BS)
Bharti Airtel-MTN alliance talk gets a boost as a key investor backs the deal.(BL)
Spencer's Retail, a RPG group company, to invest Rs15bn to open 250 new retail outlets within a year.(BS)
SBI to add 1,000 branches in rural and semi-urban areas in the current fiscal.(BL)
Reliance Communications awards US$400mn deal to Alcatel-Lucent for network managed services.(Mint)
Great Offshore to acquire SeaDragon Offshore for US$1.4bn.(BS)
Idea Cellular may withdraw from Indus Towers.(FE)
Thermax India plans to invest Rs2bn on expansion in the current fiscal.(ET)
GMDC on the look out for coal mine partners in Africa; to set up three power projects.(BL)
Essar Power gets government approval to operate as a holding company and infuse up to Rs80bn as FDI.(BS)
Hungarian firm MOL Hungarian Oil and Gas Plc acquires a 35% stake in onshore exploration block of ONGC in the Himalayan foothills.(FE)
Kotak Mahindra Bank makes a provision of Rs860mn in the March quarter for potential losses from derivative transactions of its clients.(BS)
Telcel, Emirates Telecommunications and Altimo are in race to pick up equity worth US$1bn in Tata Teleservices.(ET)
BPCL, Indian Oil seek a relook into the impact of 10% ethanol blending.(FE)
Satyam Computer draws up capital expenditure of US$125mn to develop four SEZs.(BL)
GVK Power & Infrastructure gets in-principle approval to generate gas-fuelled power of 1,500MW.(Mint)
Idea Cellular cuts STD and roaming rates.(ET)
Reliance Industries to use closed fuel outlets for malls and multiplexes; earmarks Rs50bn for the project.(BS)
Health insurer Apollo DKV plans to invest up to Rs5bn in the next five years.(FE)
ADAG may pick up a stake in AB Corp.(ET)
Blackstone, New Vernon and ADAG pick up stake in Everonn Systems.(TOI)
Lafarge discusses with L&T to acquire the latter’s ready mix concrete business for Rs12bn.(ET)
Infotech Enterprises receives a three year contract from Powercor Australia.(DNA)
BHEL has formally taken over Bharat Heavy Plate & Vessels.(ET)
Vishal Retail plans to raise Rs24bn over the next three years for its expansion.(DNA)
Tata Power to raise Rs14bn through issue of shares to its promoters.(ET)
Bennett, Coleman & Co, India’s largest print media company, plans an IPO.(BS)
Barclays to set up a 5,000 seat captive BPO unit in India.(ET)
BSNL has set a slew of stiff conditions for companies who want to participate in its Rs400bn tender for a 93mn GSM lines.(ET)
ONGC has put its plans on hold to roll out fuel retail outlets.(TOI)
Reliance Money has tied up with Sify Technologies to sell its financial products.(ET)

Economic News

Higher prices of fruits and manufactured goods like locomotives and non-ferrous metals push WPI to 7.61% for week ended April 26th, the highest since November 2004.(BL)
Non-life insurance companies may get approval to change the coverage, wordings, terms and conditions of policies.(BS)
Bank credit for the fortnight ended April 25th declines by Rs 120bn.(BL)
Government notifies export duty of up to 15% on various steel products to contain price rise of the alloy.(BS)
Cement prices decline by Rs6 per bag to Rs210 in Gujarat. (DNA)
Government to seek annual fee from successful bidders of non-metro airports.(BL)
GMR and GVK plan to increase landing and parking fees at the airport.(ET)
3G players not suited for India, TRAI cautions finance ministry.(FE)
Steel companies may roll back prices as government has notified export duty on steel items.(ET)
Union government plans to open a national chain of generic drug stores, one in each district, to sell inexpensive, unbranded medicine.(Mint)
The Supreme Court will decide how coal companies should conduct e-auction.(ET)
Japan to invest Rs85bn to develop nine infrastructure projects in India.(ET)
Civil aviation ministry is considering a capital infusion of Rs10bn in Air India.