Stocks in news: Mahindra & Mahindra, IOC, Jet Airways

Here are stocks that are in news today:

Credit Policy today
CNBC TV18 Poll:
-30 percent Expect CRR and Repo Cut of 25 bps
-70 percent expect no change

Political theater
JD (u) exits NDA
-Sharad Yadav resigns from the post of NDA convenor
Sharad Yadav says
-'Alliance with BJP is over'
-'Not concerned with who BJP makes its leader' 
-Nitish Kumar sacks all BJP ministers in Bihar
-Nitish Kumar says 'we were forced to withdraw support from BJP'

Sushma Swaraj tweets:
-'Break-up Of NDA is sad & unfortunate'

Mahindra Group's Mahindra and Mahindra (M&M) – CIE deal
-M&M announces a multi-structured deal entering into a share swap with CIE auto of Spain
-To buy 13.5 percent stake in CIE auto for 96.24 million Euro
-Buys stake in CIE auto at 6 Euro/sh
-To sell 52.65 percent Mahindra Forgings stake to CIE auto for Rs 393 crore
-To sell 64.96 percent Mahindra Hinoday Industries stake to CIE auto for Rs 269 crore (unlisted)
-To sell 30.38 percent Mahindra Composites stake to CIE auto for Rs 10 crore
-Arm Mahindra Holdings to sell 4.98 percent stake in Mahindra Composites for Rs 1.6 crore

CIE Auto:
-Makes open offer for 11.6 lakh shares in Mahindra Composite at Rs 74.7/Share
-Makes open offer for 2.45 crore Mahindra Forgings at Rs 81/Share

M&M approves purchase of 51 lakh shares (51 percent equity) in MSSSPL
Alert: MSSSPL: Mahindra Sanyo Special Steel Private Limited
-Approves purchase of MSSSPL shares for Rs 214.3 crore

Anand Mahindra on M&M-CIE deal:
-CIE to acquire control of all consolidated entities
-Will create a global entity with CIE
-Will take stake in CIE auto Spain
-Letting go of control wasn't easy

M&M on M&M-CIE deal:
-M&M, CIE auto JV to be called Mahindra CIE
-M&M to hold 20.2 percent stake in Mahindra CIE
-Mahindra CIE will continue to be listed on BSE, NSE
-CIE to acquire stake in listed & unlisted companies in Systech auto
-Public shareholding to be at 28.7 percent in Mahindra CIE
-Share sale to trigger open-offer
-To fund CIE auto share buy via stake sale in arms
-To nominate 2 directors to CIE auto board
-Hemant Luthra, V Parthasarathy nominees on CIE board
-Company to nominate 3 directors on Mahindra CIE board
-Mahindra CIE to have seven independent directors
-M&M will become second largest shareholder in CIE
-Contribution of BRIC Mkts to Mahindra CIE is around 40%
-CIE investing 100 million euro into Mahindra CIE
-M&M, CIE auto deal largely cash neutral
-Paid 10 percent more for CIE auto stake on Rupee fall
-Will have to take CCI approvals in India & Germany
-CCI approvals could take up to 30-60 days
-Entire process could take up to 12-15 months
-Had several options before us; felt this deal with CIE was best

IOC hikes petrol price by Rs 2 per litre
IOC says
-Petrol price hike on back of rupee slide, rising international prices

Infosys AGM: KV Kamath says
-Board met Murthy on May 4; led to board meet and appointment on June 1
-Have kept legal advice at all points in Murthy appointment
-All due processes followed in appointment and board meet conduct
-Economy posed challenges; response fallen short at times
-Paid total dividend of Rs 42/sh for the year
SD Shibulal says
-FY13 was a year of internal turbulence
-FY13 turbulent as strategic transformation was executed
-Have sustained growth momentum despite challenges
N Murthy says
-Keep focus on opportunities from consulting solutions
-Keep focus on Intellectual Property-Based solutions
-To re-focus on winning large revenue projects

FIPB defers decision on Jet Airways-Etihad deal
DEA secretary says
-Need details on ownership, effective control on Jet-Etihad deal
-FIPB okays Telenor's proposal for hike in FDI

Aviation minister Ajit Singh says
-Jet-Etihad will have to clarify issues
-Jet-Etihad yet to get final nod from SEBI
-SEBI asked Jet-Etihad to rectify some parts in agreement

Ex-Dividend
-Allahbad Bank – AGM - Rs 6/share
-OBC – AGM – Rs 9.2/share

Q1FY14 advance tax: Sources say
-SBI likely to pay Rs 1,202 Crore Vs Rs 1,173 Crore (YoY)
-NMDC likely to pay Rs 500 Crore Vs Rs 540 Crore (YoY)
-Andhra Bank likely to pay Rs 150 Crore
-JSW Steel likely to pay Rs 75 Crore
-StanChart likely to pay Rs 300 Crore Vs Rs 270 Crore (YoY)
-HSBC likely to pay Rs 276 Crore Vs Rs 250 Crore (YoY)
-LIC likely to pay Rs 679 Crore Vs Rs 638 Crore (YoY)
-M&M likely to pay Rs 120 Crore Vs Rs 90 Crore (YoY)
-BoB likely to pay Rs 325 Crore Vs Rs 315 Crore (YoY)
-Tata Steel likely to pay Rs 270 Crore Vs Rs 270 Crore (YoY)
-Bajaj Auto likely to pay Rs 160 Crore Vs Rs 150 Crore (YoY)
-TCS likely to pay Rs 450 Crore Vs Rs 320 Crore (YoY)
-Lupin likely to pay Rs 76 Crore Vs Rs 38 Crore (YoY)
-Glenmark Pharma likely to pay Rs 10 Crore Vs Rs 7.5 Crore (YoY)
-Central Bank Of India likely to pay Rs 167 Crore Vs Rs 140 Crore (YoY) 
-BPCL likely to pay Rs 103 Crore Vs Rs 60 Crore (YoY)
-ITC to pay Rs 385 Crore Vs Rs 315 Crore (YoY)

Other stocks and sectors that are in news today:
-TV18, Viacom18 withdraw from viewership services of TAM (Moneycontrol.com and Television Eighteen Network are both part of the Network18 Group.)
-Infosys arm wins 1-year, USD 49.5 million contract from US District Of Columbia
-Mahindra Forgings to mull merger of 5 companies with self
-Emami Paper to issue 30 lakh preferential shares at Rs 400/share to promoters
-20 Microns Board to meet to consider issue & allotment of fully convertible debentures

IMD says    
-July monsoon rains seen at 101 percent of long-term average
-Maintain normal rainfall forecast
-August monsoon rains seen at 96 percent of long-term average
-June-September rain in central India seen 98 percent of long-term average
-Higher probability of weak la Nina in latter part of monsoon