Stocks in news: M&M, Hind Copper, Tata Coffee, SPARC, MMTC

Here are stocks that are in news today:

BSE to shift 54 stocks to 'T' category; NSE to move 17 scrips effective today
-Scrips include Sun Pharma Advanced Research & Salora International Infosys announces salary increments for FY14
-Infosys announces average increase of 8 percent for employees based in India
Infosys says
-Employees in other geographies may get average hike of 3 percent
-Global sales force will get average hike of 8 percent effective May 1, 2013 N Murthy to employees
-Not interested in becoming CEO
-Non performers, bench to prove worth to continue at Infosys
-Company to have new performance evaluation scheme
-Will continue to focus on end-to-end solutions
-Focus on large deals will be rectified
-Will support SD Shibulal, Kris Gopalakrishnan in everything Infosys says
-SEBI has sought clarifications relating to June 1 board meet
-'Have provided information sought by SEBI'
-'Will fully co-operate with SEBI'
-'Will provide all necessary information in this matter' Wipro
-Gets fresh tax demand of Rs 816 crore: PTI
Wipro says
-No demand has been received & assessment process in progress
-To file objections before dispute resolution panel
 
May auto sales
-Total JLR (Tata Motors subsidiary) sales up 12 percent at 32,477 units (Y-o-Y)
-M&M arm Ssangyong's total sales up 25.3 percent at 12,730 units (Y-o-Y) Jet Airways
-FIPB to meet today to consider Jet Etihad deal
-Appoints Gary Kenneth Toomey as its new CEO Apollo Tyres CEO to CNBC-TV18:
-Company has ring-fenced itself for Cooper Tire acquisition
-Company has taken a loan of USD 450 million on its books
-Total debt of USD 2.1 billion on books of Vredestein & Cooper
-Out of USD 2.1 billion debt, about USD 1.9 billion to come from bond market
-Remaining USD 200 million will be asset based loan
-Total debt-equity ratio for company would be 1.9 post deal
-No pension liabilities for Cooper that will impact company
-To have access to high margin markets of US and Europe post deal
-Apart from developed markets, company to have ownership over 3 brands
Alert brands include Apollo, Vredestein & Cooper
-Post acquisition, company to be present across product lines MMTC offer for sale (OFS) subscribed 1.54 times
Govt says
-Raised Rs 568 crore via MMTC divestment
-MMTC OFS got bids from FIs, retail investors and some FIIs
Govt on MMTC OFS
-Insurance companies' participation at 65 percent
-Banks' participation at 21 percent, retail investors' at 14 percent Tata Coffee
-Sharad Shah sells 1.08 lakh shares at Rs 892 a share
-Kotak Mahindra prime sells 3 lakh shares at Rs 880
-Reliance MF buys 1 lakh shares at Rs 880 Apollo Pharmacy on Ranbaxy
-Have been working with company over past week to validate necessary documents
-Company provided batch quality certification for products certified by GoI
-Reports completely satisfy quality norms stipulated by WHO-GMP, Pharma Department & GoI
-Glad that issue has been resolved
-To continue to stock & dispense company’s products across pharmacies Govt sources say
-Likely to divest stake in Hindustan Copper this month: cogencis
-To float cabinet note on National Fertiliser divestment next week: cogencis Infosys arm
-Gets managed services contract from CareFirst BlueCross
-To offer IT support, application development to CareFirst Other stocks and sectors that are in news today:
-NSE to suspend trading in KS Oil shares from June 21 on listing norm non-compliance
-Reliance Communications in talks to sell DTH biz to Sun group for Rs 2500 crore
-Kesoram Industries rights issue of 6.4 crore shares at Rs 65/share, to raise Rs 416 crore
-Supreme Court defers hearing in plea against Ranbaxy manufacturing license to next week IMD says
-Monsoon rains 35 percent above average in the week to June 12
-Monsoon rains above average over drought hit states in Southern India & Western Maharashtra
-Monsoon rains below average in corn growing Eastern state of Bihar
-June 1-13 Rainfall 65.0 mm; 28 percent above Normal