Stocks in news: DRL, Zuari Ind, IRB Infra, GVK Power, RIL

Government sources
-General budget to be presented on February 29, 2012
-UP election schedule will not impact general budget
-UP elections end on February 28, 2012

TDSAT hearing dot to file reply by next Saturday
-TDSAT stays DoT 3G roaming ban order
-No coercive steps to be taken against companies until order
-TDSAT to hear matter on January 3

Telcos to TDSAT
-Decision to ban 3G intra circle roaming arbitrary
-Not issued showcause notice; no hearing given
-5 telcos paid around Rs 67,000 crore for 3G spectrum
-5 telcos include Airtel , Vodafone, Idea , Tata & Aircel
-DoT said intra circle roaming governed by license
-Telecom license contemplates intra circle roaming
-2008 roaming policy permits intra circle roaming
-Auction held for 3G spectrum, not for license
-No separate 2G & 3G license
-Holding telecom license was prerequisite for 3G bidding
-Telecom license is tech neutral; allows all services
-There is one pan-india telecom license

Other stocks and sectors that are in news today:
-IIFCL may get Rs 10 billion fund infusion soon: ET
- REC firms up plan to raise up to USD 600 million through FCCBs: Mint
-Oil Ministry to cap RIL 's spend on developing new KG-D6 gas fields: ET -New telecom policy regime likely by June 2012: Ministry: ET
-FCCB payout may put pressure on Reliance Communications for tower stake sale: ET
-Oil marketing companies (OMCs) may raise petrol prices by Re 1/litre next month
- GVK Power : Changi to buy 26% in company’s airport business for Rs 2200 crore
- Tech Mahindra : BT Group to wait for Tech Mahindra-Satyam merger before stake sale
- IRB Infra : NHAI terminates concession agreement of four laning of Goa/ Karnataka border to Panaji 
- Zuari Industries : To buy rock phosphate Latin American mine through a JV with Japan’s Mitsubishi
- Mastek : Bombay HC approves scheme of amalgamation of Keystone Solutions Pvt Limited with Mastek
- SBI , BoB to raise NRE Deposit rates: BS
-Maharashtra Govt refuses aid to sugar mills seeking fixed cane purchase, export grant
-Coal Ministry gives go-ahead to new pricing mechanism to bring Indian coal prices at par with international prices
-Power producers not selling electricity at regulated prices should not get gas supply: Petroleum Ministry
- Dabur to write off Rs 45 crore loss of fully owned retail subsidiary, H&B stores
- 3i Infotech plans to raise Rs 1,000 crore via securities
- Monnet Ispat to buy back shares worth Rs 100 crore
-Orissa Govt may clamp down on charges of illegal iron ore mining: ET  - Dr Reddy ’s splits marketing division to boost domestic business: ET
- Alfa Lava : Interim dividend Rs 30/share
-F&O ban: ABG Shipyard, Gitanjali Gems, Ruchi Soya