Stocks in news: S Kumars, Jet Air, Tata Motors, IOC

Here are stocks that are in news today:

IOC
-Hikes petrol prices by Rs 1.40/litre
-Says petrol price hiked on high global prices, rupee fall
Alert: IOC last hiked petrol price by Rs 1.50/L on February 15

Diesel rate for bulk consumers hiked by almost Rs 1/L: PTI
-Non-subsidised LPG prices cut by Rs 37.50/Cylinder: PTI

CNBC-TV18 Exclusive: IOC says
-Had to increase prices due to rise in international crude prices
-Will review diesel price on March 15
-Continue to lose 5 paise/L on petrol

Adani Enterprises offer for sale (OFS) today
-Sets floor price for OFS at Rs 220/share
-Adani Agro to sell 85 lakh shares via OFS today

RCF stake sale - Govt sources say: NewsWire18
-Empowered group of ministers (EGoM) may decide floor price for RCF stake sale on March 6
-RCF offer for sale likely on March 8
-MMTC offer for sale likely on March 14
-EGoM may decide floor price for MMTC stake sale on March 12

RBI Governor D Subbarao
-Inflation still high & stubborn
-India growth story still intact
-India Q3 growth at 4.5% far less than potential
-Investment not taking place is worrying
-Need to raise agricultural productivity

February auto sales: Ashok Leyland
-Commercial vehicle (CV) excluding Dost at 7045 versus 9521 units (YoY)
-SCV Dost sales at 3,001 units versus 1,582 units (YoY)
-Total sales at 10,046 units versus 11,103 units (YoY)

February auto sales: Tata Motors
-Total sales 61,998 units versus 61,660 (MoM)  
-Commercial vehicle sales 47,389 units versus 42,571 (MoM)
-Light commercial vehicle sales 36,760 units versus 33,849 (MoM)
-M&HCV sales 10,629 units versus 8,722 (MoM)
-Passenger vehicle sales 10,613 units versus 15,209 (MoM)
-Exports 3,996 units versus 3,880 (MoM)

CNBC-TV18 exclusive Tata Motors official says
-Indica & Indigo prices set to be slashed by up to Rs 50,000
-Minimum price cut on passenger cars to be in range of Rs 29,000
-Move to give value proposition to customers on Tata products
-Move to make Tata vehicles more attractive to customers
-No price cut for ultra low cost car Nano
Alert: Sales for company's passenger vehicle biz hit new low in February to 10,613 units
-To hike utility vehicle (UV) prices by Rs 50,000 following excise duty hike
-Sumo & Safari prices to be hiked by Rs 35,000 & Rs 50,000 respectively
-New price hikes to be effective with immediate effect
-Sources say Jaguar Land Rover studying full production in India: Reuters

February auto sales: Hero MotoCorp
-Total sales at 5.01 lakh units versus 5.23 lakh (YoY)  

Hero Motocorp - CNBC-TV18 Exclusive: Sources
-Hero MotoCorp union members end 4-day hunger strike
Alert: 5 Hero union members were on hunger strike since February 28
-Haryana labour department gives new date for talks between management, union
-Hero Moto management & Union to meet today at 4pm to break deadlock
-Unions of other auto companies' may rally on Tuesday if talks fail

UltraTech Cement:
-Operations at Awarpur unit, Maharashtra temporarily shut down
-Plant shut down on account of stoppage of work by workers
-UltraTech Cement says temporary shutdown not to impact business substantially
Alert: Awarpur plant has capacity of 3.6 mtpa
 
FM to CNBC-TV18:
-There is no intent to question residence on basis of Tax Residency Certificate (TRC)
-India Mauritius Double Taxation Avoidance Agreement (DTAA) under discussion with Mauritius
-'We would like the India Mauritius DTAA revised'
-Mauritius should not be the preferred route of investment
-Don't want to take unilateral decision on Mauritius treaty
-Minister from Mauritius is visiting India in March
-People speaking on channels, speaking on behalf of clients
-Vodafone suggested conciliation, will ask cabinet
-Can move amendment on Sec 9 after Vodafone issue resolved
-Expect Vodafone issue to be resolved by March-April
-'We will do whatever it takes to protect our tax base'
-6.5% growth a realistic assumption
-Hope Indians will heed advice on moderating gold demand
-Not considering sovereign bond issue actively at this point
-'Economic space is restricted for us to do more decontrol'
-Will leave cap on LPG cylinders at 9
-Have provided enough for food subsidy
-Too premature to put a cost to food subsidy
-Will roll out food subsidy only by middle of financial year
-Rs 14,000 crore will be achieved by SUUTI, Hindustan Zinc, BALCO sale
-Got written statement from DoT on spectrum allocation
-State FMs have agreed to GST Constitutional Amendment

M&M to CNBC-TV18: Pawan Goenka says:
-To relook biz model after excise duty hike on SUVs
-SIAM to write to finance ministry to reconsider excise duty hike
-SIAM to write to finance ministry to clarify FIAT issue
-3% hike may have an impact of Rs 40,000 to Rs 50,000
Alert: FM hiked excise duty on SUVs by 3 percent to 30 percent in Budget
-Excise duty hike could swing buyers from SUVs to Sedans
Alert: Hike on vehicles with ground clearance of 170 mm & above
Alert: M&M produces vehicles with higher ground clearance
-To relook at product portfolio in light of excise hike on SUV
-May now look at products with lesser ground clearance
-Hope excise duty hike issue will be reconsidered
-Would ask if subsidy can be given on electric vehicles
-Sops given to CVs in Budget not enough for a turnaround

SEBI notifies 2-way fungibility of Indian Depository Receipts (IDRs)
SEBI says:
-In 1 financial year companies can redeem up to 25 percent of total IDR's issued
-All IDRs to have partial 2-way fungibility
-IDRs can be converted into shares only after 1 year of listing
 
Steel Strips Wheels
-February sales at 769,000 wheel rims
-Steel Strips Wheels February exports up 63 percent at 88,020 wheel rims (YoY)

Other stocks and sectors that are in news today:
-Jet Airways seeks Aviation Ministry nod to buy 6 Kingfisher slots: PTI
-Tata Communications plans to raise Rs 2500 crore from real estate monetisation: ET
-Dabhol Power plant trips again as supply from D6 field stops: ET
-Essar Group plans expansion in Africa by setting up 10MT Port in Mozambique for approximately Rs 1,496 crore: BS
-NMDC reduces prices of higher grade iron ore by about 2.5 percent for March: ET
-HDFC Bank raises USD 500 million in overseas bond sale at 3 percent coupon: BS
-S Kumars plans to raise about Rs 600 crore by selling shares of its Reid and Taylor (India) unit via QIP: Mint