Stocks in news: Infosys, SpiceJet, Essar Oil, Madras Cem

Results today: Infosys , Geojit BNP Paribas , Maharashtra Scooters , UCAL Fuel , Magma Fincorp , Koutons Retail India , Sagar Cements Cabinet reshuffle is likely today evening

Bank base rates
- HDFC Bank hikes base rate, prime lending rates by 25 bps
- Union Bank of India hikes base rate by 25 bps to 10.25%
- Oriental Bank ups BPLR, base rate by 25 bps effective today

New in F&O
-NSE adds 8 new securities to F&O list, to declare date of introduction later
- Arvind , BF Utilities , Gitanjali Gems , JSW Energy , Jubilant Foodworks , South Indian Bank , TTK Prestige , VIP added to F&O

FDI in retail: Exclusive sources
-Planning committee supports 51% FDI in multi-brand retail
-Department of consumer affairs wants only 49% FDI
-Finance Ministry will share views on multi-brand FDI at CoS meet

EGoM: Exclusive Finance Ministry sources
-EGoM on Tuesday to discuss cap on subsidised LPG cylinder
-Panel had proposed capping subsidised cylinders at 4

Other stocks and sectors that are in news today:
- Essar Oil owes USD 2 billion to Iran for oil imports since late December when RBI ended long standing payments mechanisms for refiners (Mint)
- Madras Cements in talks with Lafarge & holcim to divest its cement grinding unit in West Bengal for roughly Rs 350 crore (TOI)
- BPCL lines up investment of Rs 50,000 crore to expand its capacities in refining, retail & upstream projects (TOI)
-F&O Ban: Kingfisher Airlines
- Karuturi Global board meet today to decide opening date of GDR issue
- Chowgule Steamships revokes 29 lakh shares of promoters representing 7.99% equity
- Essar Oil bets big on coal bed methane gas, looking for aggressive acquisitions both in domestic & local arena (ET)
- SpiceJet to delay its regional routes as company waits for the RBI nod for USD 250 million funding to buy Bombardier Q400 – ET
- SBI holds on to its plan to acquire a stake in Tata Motors finance following objections raised by RBI – BS
-5 firms including JSPL , GVK Power may lose coal blocks if the production process doesn’t go underway - FE