Stocks in news: Gillette, Manappuram, CMC, Tata Power, RIL

Here are stocks that are in news today:

Results Today: RIL (Q4 Poll), Sabero Organics

IOCcuts petrol price by Re 1/litre
IOC says:
-PSU companies now losing Rs 6.48/litre on retail diesel sales
-Oil companies' loss on subsidised LPG at Rs 433/cylinder
-PSU retailers' current loss on kerosene sale at Rs 30.49/litre
 
CERC allows Tata Power to raise power tariffs
Central Electricity Regulatory Commission (CERC) order on Tata Power:
-Company should be compensated for increase in coal cost
-CERC order in Tata Power case similar to that in Adani case

CERC:
-Renegotiation should be in a transparent manner
-4 members okay renegotiation; 1 member dissents

CERC says:
-Intervening in the interest of consumers and companies
-Rise in Indonesian coal prices temporary & unforeseen
-Discoms, Tata Power should form panel within 1 week
-Panel to arrive at compensatory tariff over & above existing tariff

Tata Power says:
-Welcome CERC order on Mundra unit compensatory tariff
-CERC order important step to resolve coal-based power projects issue
-Coal-based power projects issue beyond control of developers

GAIL chairman: Reuters
-Aim to own 20 mt/year LNG supplies by 2020
-Looking at stake in US asset that may start production in FY17

ONGC: PTI
-Seeks Ministry of Environment and Forest (MoEF) permit for drilling new wells in KG basin
-Drilling work likely to be taken up in 2015
 
Wage negotiations at M&M's Nashik plant extended
-Wage negotiations to now be concluded by April 18
Alert: Wage negotiations were to be concluded by April 15

Broadcasters move SC against stay on TV digitisation in 3 states: cogencis
-SC to hear broadcasters' plea against digitisation on April 23: cogencis
Alert: Gujarat, Andhra Pradesh & Karnataka HC stayed cable TV digitisation earlier

CMC Q4FY13 consolidated QoQ
-Total income from operations up 6 percent at Rs 524 crore (cr) versus Rs 493 crore
-EBITDA down 1 percent at Rs 82 crore vs Rs 83 Cr
-Margins at 15.6 percent vs 16.8 percent
-Net profit up 0.5 percent at Rs 61.3 Cr vs Rs 61 Cr
-Other income doubled at Rs 4 Cr vs Rs 2 Cr
-Board also announced a dividend of Rs 17.5 per share i.e. 175 percent on an equity shares of par value of Rs 10/sh
Segmental revenues
-Customer service doubled at Rs 156 Cr vs Rs 78 Cr
-Systems integration saw traction & was down 14 percent at Rs 272 Cr vs Rs 316 Cr
-IT enabled services down 8 percent at Rs 69 Cr vs Rs 75 Cr
Segmental profits
-Customer services up 33 percent at Rs 8 Cr vs Rs 6 Cr
-Systems integration down 4.5 percent at Rs 63 Cr vs Rs 66 Cr
-IT enabled services down 26 percent at Rs 17 Cr vs Rs 23 Cr

Other stocks and sectors that are in news today:
-GTL Infra seeks USD 275 million dues from Aircel over tower deal: TOI
-PE investors bar Manappuram’s chit fund play: ET
-SEBI probes offer for Southern Ispat shares: ET
-Gillette India knocks at SAT on proposal to reduce promoter holding: BS
-Wipro gets SEBI ok for relaxing cooling period for offer for sale
-Bajaj Corp gets SEBI ok for relaxing offer for sale norms
-Sources say POSCO, Uttam Galva in talks to set up 3 mtpa steel plant: PTI
-Finance Minister P Chidambaram says will set up regulators for coal, road sector within 2-4 months: PTI

Divestment Department says: cogencis
-Review meet next week on Rashtriya Ispat share sale
-Plan Rashtriya Ispat IPO after company's FY13 results