Stocks in news: Fame India, United Spirits, MphasiS, M&M

Here are stocks that are in news today:

Q3 gross domestic product (GDP) at 4.5 percent versus 5.3 percent (QoQ), 6 percent (YoY)
-Farm sector growth at 1.1 percent versus 4.1 percent (YoY)
-Manufacturing sector growth at 2.5 percent versus 0.7 percent (YoY)
-Mining sector growth at -1.4 percent versus -2.6 percent (YoY)
-Construction sector growth at 5.8 percent versus 6.9 percent (YoY)
-Electricity sector growth at 4.5 percent versus 7.7 percent (YoY)
-Industry sector growth at 3.3 percent versus 2.6 percent (YoY)

M&M announces 2.4 percent price hike across all small utility vehicles (SUVs) from today
-Price hike on all products except Quanto       
Alert: Price hike due to SUV tax announced in Budget
Alert: M&M already hiked prices by 1 percent across models on January 1

Cairn India says
-Sri Lankan subsidiary spud its 4th exploration in country block on February 2
-Well encountered multiple thick high quality reservoir sands, which were not hydrocarbon bearing
-Well was plugged & abandoned; rig is being demobilised

Orient Paper to decide on eligibility of shareholders for allotment of equity shares pursuant to demerger on March 9
Alert: Orient Paper to demerge cement undertaking & plans to give 1 equity share of face value of Re 1 each of Orient Cement

MphasiS Q1
-Consolidated net profit at Rs 184.4 crore versus Rs 209.3 crore (QoQ)
-Consolidated net sales at Rs 1,257.1 crore versus Rs 1,306.2 crore (QoQ)

Other stocks and sectors that are in news today:
-Competition commission of India (CCI) approves United Spirits-Diageo deal
-Oil companies to hike aviation turbine fuel (ATF) prices by average Rs 2,630/kL from today
-Adani Agro to sell 85 lakh shares of Adani Enterprises via open offer on March 4
-Fame India says shareholders approve merger of Fame Motion Pictures, Big Pictures Hospitality & Headstrong Films with Inox Leisure

Finance Minister P Chidambaram on Budget:
-FY14 divestment target of Rs 40,000 crore excludes residual stake sale
Alert: FY14 residual stake sale target at Rs 14,000 crore
Alert: Residual stake sale to include SUUTI, BALCO, others
-Do not think surcharge on rich will promote tax evasion
-May not need tax surcharge in FY15 if growth revives
-Beneficial owner is one who is entitled to benefit of gain
-Tax Residency Certificate (TRC) amendment now brought under I-T Act
-Residency, beneficial ownership are 2 separate conditions
-Need to meet residency, beneficiary norms separately
-Do not mean to spook any section of investors
-'Current account deficit will be contained only when we export more'
-Must aim for 7 percent plus GDP growth in FY15
-Correction in diesel price may keep fuel subsidy low
 
Commerce Minister Anand Sharma on Budget:
-Do not expect FY13 GDP growth to be below 5 percent
-Expect pragmatic approach in foreign trade policy
-Will not meet FY13 export target of USD 350 billion
-'This is a Budget given under challenging backdrop'

Planning Commission deputy chairman Montek Singh Ahluwalia on Budget:
-FM has presented real picture of economy in Budget
-FM has sent out right signals to improve growth
-Slowdown will not be corrected by giving few sops

Yashwant Sinha On Budget:
-India is not facing any crisis except one created by UPA
-Tax on super rich reflects inefficiencies of UPA govt
-Rs 9000 crore to compensate goods & services tax (GST) loss a good step
-Quite clear that GST will not be implemented this year
-Nothing in the budget to bring back investor confidence

RBI on Budget:
-Inflation-indexed bond signals commitment to lower inflation
-Govt cash balance around Rs 1 lakh crore
-No separate norms for all-women's bank needed
-Budget creates fiscal space for investment
-Govt's FY14 market borrowing manageable
-Budget sets stage for lowering twin deficits
-Women's bank not to come under new bank licence
-Loan rate subvention for private banks creates level-playing field
-Govt cash balances expected to go up slightly in FY14

S&P says Budget announcements not to affect India sovereign rating