Stocks in news: GMR Infra, RPL, Videocon

Stocks in news:

• New listing today:
  Indiabulls Sec
• Indian ADRs surge:
  Tata Comm up 10%, ICICI Bank up 8%, Satyam up 7%
• Tata Motors
  March Sales Up 6% YoY~At 66,495 Units
  March Domestic Commercial Vehicle~Sales Up 17% YoY At 35,993 Units    
  March Passenger Car Sales Down~4% YoY At 24,737 Units
  March Exports Down 8.5% YoY~At 5,765 Units
• Cabinet Comm On Prices May ask for roll back of freight reclassification of iron ore
• GMR Infra
  Shorlisted as one of the bidders for US power co Intergen: Srcs
  The deal size is estimated at $900m: Srcs
• Commerce Secy
  Not Ruling Out Ad Valorem Duty On~Iron Ore Exports
  Considering Customs Duty Cut On~Imported Steel
  Considering Excise Duty Cut~On Finished Steel
  Expect Govt Steps To Lower~Steel Prices By 10-20%
  Govt Seeks Cut In~Steel Prices Within 30 Days
• RPL confirms the Company has executed a Facility agreement to raise USD 500 million for the refinery project at Jamnagar
• Sugar stocks in focus, SC decision on UP SAP today
• Cement, Steel Cos hike prices, cement prices up by 3-4%, steel prices up 18-20% - ET
• Videocon offers to buy Motorola's handset biz, Deal size seen at around $3.8bn
• Consumer durable sales down 20% in 2008 - ET
• Talks between Carrefour, DLF for retail JV off, DLF now in talks with Thailand's Central Group - ET
• Kapil Puri to exit Sparsh BPOm may sell its 12% stake in open offer or in the open market - ET
• More firms take legal action against banks, Garg Acrylite drags ICICI BK and Nahar Industrial Ent drags Axis Bank to court - Mint
• Reliance Energy total buy back till date at 9.81 lakh shares worth Rs 126.27 cr
• RIL announces second gas discovery in deepwater exploration block in Krishna Basin
• Godrej Consumer Products (GCPL) acquires South African Company Kinky Group for 265 million South African Rand
• Subash Projects bags order worth Rs 329.48 cr
• GAIL signs a contract with the consortia of RIL, BG Group of UK and ONGC for buying entire quantity of 17.3 million metric standard cubic meter per day.
• Simbhaoli sugars
  Re fixes the conversion price to Rs. 153/- from Rs. 170/- per equity share of Rs. 10/- each for conversion of 0% Foreign Currency convertible Bonds (FCCB) issued on March 10, 2006 (due on March 11, 2011) with effect from reset date March 10, 2008
• BEML provisional numbers today