Stocks in news: India Cements, Videocon, JSPL, Grasim, BEL

Grasim Industries to buy Ontario-based Pulp Mill
-To invest USD 44 million in Terrace Bay Pulp Mill in 3 years
-Expect to complete Terrace Bay Pulp Mill buy by July 31

Power Ministry seeks inclusion of PTC s in fuel supply agreements (FSAs): Sources
-Discussion on FSA still on between Power & Coal Ministry
-FSAs currently only between power producers & Discoms
-Coal Ministry agrees to inclusion of PTCs for FSAs
-Inclusion of PTCs only if companies have PPAs (power purchase agreement)
-Benefit of coal should be passed on to consumers
-Inclusion of PTCs not for merchant power selling

Neyveli Lignite says
-Expect to commission 1000 MW Tuticorin project in FY14
-Earlier commissioning was scheduled for FY13
-Project set up with an investment of Rs 2,000 crore
-Company eyeing imported coal for Tuticorin power project
-In talks with MMTC, Coal India for coal supplies

RBI
-To continue with FCCB buyback scheme with few modifications
-FCCB buyback to be at 5% minimum discount on accreted value
-FCCB buyback scheme lapses on March 31

EGoM on spectrum auction changed to GoM
-Cabinet to decide price & timing for sale of airwaves

Stocks ex-dividend today
- Tata Coffee - Rs 11/share
- LIC Housing Finance - Rs 3.6/share
- Kirloskar Brothers - Rs 4/sh
- Kirloskar Pneumatic - Rs 12/share 

Other stocks and sectors that are in news today:
- JSPL suspends work at Bolivia Iron Ore Mine: DJ
-MET Department says monsoon rains 49% below average in the week ended July 4
- Videocon looks to sell DTH business to rival firms: FE
- Ballarpur Industries will transfer 2 paper units to its arm and list it overseas as per demands by FII shareholders
- ONGC seeks new allies to drill exploration well in KG basin: FE 
-Morgan Stanley in talks to buy stake in Lanco thermal assets: Mint
- Bajaj Auto cuts prices in Sri Lanka to boost demand: Mint
- Mahindra Satyam looking for acquisitions in South, Central America & Eastern Europe: PTI
- Kavveri Telecom is scouting for acquisitions in the in-building wireless solutions space: BL
- Bharat Electronics in JV with Thales Air Systems for radars
-Promoter ups stake in India Cements by 2.47% to 28.24%
- Union Bank slashes interest rate on Agriculture loans up to 175 bps w.e.f. July 1: PTI

PM to Hindustan Times
-Savings should be recycled into productive investments, not Gold
-Investment avenues' absence pushed Indian savings into gold
-Corruption is not rampant in our government
-Looking to address 5 key issues for business revival
-Revival of insurance industry, mutual funds on agenda
-Controlling fiscal deficit top of government agenda
-Will work to improve response time of government for business proposals
-Political consensus is needed for some key economic decisions
-We must ensure economic growth doesn't improve only a handful