Stocks in news: RIL, Unitech, West Coast Paper, Pantaloon

Here are stocks that are in news today:

Results today: Cipla

Alert: Reliance Industries (RIL) AGM today 11 am

Finance Ministry sources say
-FDI cap to be hiked to 49% in Insurance bill
-Insurance bill to be proposed to cabinet soon
-Insurance, Pension FDI cap to be same
-Pension FDI cap to be kept at 49%
-TMC opposed to 49% FDI in pension sector
-Government may hold back on 49% FDI proposal on pension sector

Finance Ministry sources say
-Hike in excise duty on diesel run cars unlikely
-Meeting with auto companies only to understand health of sector
-Cannot hurt investments of auto companies in diesel plants
-One lakh increase in excise duty to only get Rs 5,000 crore revenue
-Understands auto companies' concerns on impact on diesel price hike

Medicis sues Zydus & Cadila Healthcare
-Medicis files suit in US district court of Delaware
-Medicis files Patent Infringement suit against Zydus Pharma & Cadila
-Patent suit over Acne Drug Solodyn

PM's Infrastructure Meet
Government says
-To award elevated rail corridor projects in Mumbai in FY13
-3 new Greenfield airport projects will be awarded in FY13
-New international airports will be declared in 3 or 4 locations
-Aim to return to 9% economic growth trajectory
-Aiming to add 244 MT port capacities in FY13
-To take up two new major port projects in Andhra & West Bengal for FY13
-To add 17,957 MW power capacity this FY
-Coal India to sell 347 MT coal to power cos FY13, up 11%
-Needs of infra sector are vast over USD 1 trillion in next 5 years
-Aim to award 9,500 km road construction projects this year
-To award new airport projects in Navi Mumbai, Goa, Kannur

Other stocks and sectors that are in news today:
-Telenor seeks out of court settlement with partner Unitech before 2G Auctions begin – FE
-Idea, Tata Tele spar over license cancellation issue – BL
-Cement makers hike prices by upto Rs 15/bag – BL
-ONGC in talks with Mitsui for LNG terminal at Mangalore as part of its diversification plans
-Pantaloon Retail raises Rs 200 cr from Bennett, Coleman & Co through pref issue (this was approved earlier, @ Rs 245/sh)
-West Coast Paper to put newsprint arm on the block – ET
-EON Electric to resume trading from today, (this is post the demerger of its metering and power generation unit)
-Government mulls loan recast plan for debt-ridden power distribution companies
-RBI asks banks to frame norms to deal with unclaimed deposits