Stocks in news: Tata Comm, Inox, Info Edge, Reliance Inds

Here are stocks that are in news today:

Political drama continues, Mamata on verge of exit from UPA – reports
-UPA meet at 4 pm today, Mamata not to attend

Moody's on India
-Indian economy is facing stagflation, where growth is slow and inflation high, and cautioned that RBI cannot be too aggressive in cutting interest rates

RBI Governor D Subbarao
-Can't control inflation without sacrificing growth
-Sacrificing GDP in short-term small price for medium-term
-Rupee's exchange rate is market-determined
-RBI intervenes in Forex market, but doesn't target any rate level
-Do not see repeat of 1991 balance of payments' crisis

Q1 Advance tax numbers (YoY): Sources
-RIL likely to pay Rs 850 crore versus Rs 900 crore
-TCS likely to pay Rs 250 crore versus Rs 250 crore
-Union Bank likely to pay Rs 190 crore versus Rs 175 crore
-Bajaj Auto likely to pay Rs 130 crore versus Rs 125 crore

Fertiliser Ministry sources say
-Disappointing that cabinet did not clear urea price hike
-Cabinet refers urea price hike proposal back to GoM

HDFC on Macquarie report
-Says completely disagrees with the report as the concerned analyst has not attempted to meet anyone from company before making the aforesaid report and verify the facts and statements

Other stocks and sectors that are in news today:
-Petrol prices to be cut by Rs 2/litre soon - TOI
-Birla, Lafarge eye JP Cement plans, deal could fetch JP group Rs 9000 crore - ET
-Gas output from Reliance Industries KG D6 basin has dropped to 31.5mmcmd (ET)
-Info Edge board approves bonus share issue of 1:1
-Quippo bids for tower biz of Bangladesh company - ET
-Paddy MSP hiked to up output, but will immediately add to inflation - FE
-Tanti Holding (Promoter of Suzlon) has pledged 1 crore shares with IL&FS
-Surana Industries allots 3.9 crore equity shares of Rs 10 each to M/s IndiaSTAR (Mauritius) on conversion of bonds
-Inox Leisure board meet to consider amalgamation of Inox leisure & Fame India
-Jyothy Labs board meet to consider amalgamation of Henkel India
-Tata Communications in talks to buy big stake in Chennai based company Prizm Payments - ET
-DoT to bargain with Telcos for lowering reserve price - ET