Stocks in news: CIL, NCC, Bharti, JP Power, IOC, Cairn

Here are stocks that are in news today:

CBDT issues Draft General Anti Avoidance Rule (GAAR) Guidelines
-Monetary threshold must for invoking GAAR provisions
-GAAR to apply to income accruing on or after April 01, 2013
-Approach consistency essential for invoking GAAR provisions
-Central board of direct taxes CBDT to constitute approving panel not less than 3 members
-If FII takes treaty benefit, GAAR to be invoked
-GAAR not to be invoked in case of non-resident investment of FII
-Prescribe statutory forms for Assessing Officer to make reference to commissioner
-There must be one approving panel to be situated in Delhi
-CBDT must review approving panels numbers required for FY15
-If FII does not take treaty benefit Chapter XA provisions won't apply
-Connected person includes definition of associated enterprise (Section 92a)
-Onus of proving impermissible avoidance is on revenue
-Impermissible arrangement main purpose to obtain tax benefit
-GAAR provisions do not deal with case of tax mitigation PSUs cut petrol price by Rs 2.46 per litre
-Petrol price cut: Delhi (Rs 2.46/litre), Mumbai (Rs 3.10/litre)
-Petrol price cut: Chennai (Rs 3.13/litre), Kolkata (Rs 3.07/litre)
-FY13 revenues loss on subsidised fuel seen at Rs 83,000 crore: IOC MoS Oil RPN Singh says
-No proposal to currently hike diesel, LPG, kerosene prices
-OMCs kept promise of cutting prices as crude prices cooled
-OMCs had to wait to cut prices due to rupee-US dollar fluctuations
 
IOC says
-To cut petrol price by Rs 2.46/litre w.e.f last night
-Petrol price cut to vary from Rs 2.46-3.22/litre
-April-May accumulated losses on petrol sale Rs 1053 crore
-Closely monitoring global oil prices, exchange rate Cairn India Block
-Cairn PLC selling 6.7 crore shares via block deal
-Block deal price range Rs 307-317/share
-Citigroup sole banker
-Cairn PLC stake to come down to 18.3% from 21.8% post stake sale Jaiprakash Power OFS opens today
-To sell 2.9 crore shares 
-Floor price Rs 33.5/share Power Ministry sources say:
-Have finalised fresh bid parameters for new UMPPs
-UMPP is ultra mega power projects
-Will seek legal vetting of new UMPP bid norms Other stocks and sectors that are in news today:
-Prime Minister's Office (PMO) to discuss easing of environmental norms for Coal India with MoEF: PTI
-Rakesh Jhunjhunwala hikes stake in NCC to 7.98%; buys 7.5 lakh shares
-Pipavav promoters pledge additional 12.93 crore shares with IL&FS
-DoT to slap Rs 1594 crore penalty on Bharti, Idea, Tata Tele, Tata Communications, Vodafone and Reliance Communications: ET
-Insecticides India promoters looking to sell stake, Rothschild mandated: FE (promoters own 74%)
-Jaiprakash Power will earn Rs 100 crore from carbon credits: FE
-VKS Projects IPO opens today, closes on July 4, to raise Rs 55 crore, price band Rs 55-60/share
-Mudra Lifestyle's proposal for debt restructuring has been approved (CMP Rs 18/share and market cap Rs 88 crore)