Stocks in news: Apollo Tyres, Talwarkars, HDIL, Tata Motors

Here are stocks that are in news today:

Results Today – IndusInd Bank

Niko annual report: MJ-1 discovery reserves may be at high end of estimates
Alert: Reliance Industries (RIL) is partner of Niko

Another step taken to curb forex volatility: Sources
-Oil marketing companies (OMCs) comply with RBI directives on dollar buys

OMC sources:
-IOC to purchase dollars only from SBI
-Decision comes into force with immediate effect
-Decision post RBI advice to buy dollar from single bank
-HPCL, BPCL also to buy dollar from single bank
-Currently OMCs purchase dollar by inviting bids from dealers
Alert: IOC purchases USD 3.8-4 billion every month
Alert: OMCs purchase in excess of USD 72 billion annually

Tata Motors
-Contract workers at Jaguar Land Rover's (JLR) 3rd UK plant vote to strike
-Majority of 800 workers at JLR plant vote in favour of strike
Alert: Workers at 2 of JLR's plants in UK had voted over weekend
-JLR workers voted to strike over payment related issues
-Contract workers belong to logistics provider DHL
JLR to CNBC-TV18
-Disappointed Unite voted in favour of industrial action
Alert: Unite is labour union representing DHL workers
-Encourage Unite to return to negotiating table
-Hope to reach satisfactory outcome soon
-Will take several measures to minimise impact on production

Bajaj Auto sources:
-Almost 620 workers reported to work yesterday
-Hope to produce 85 percent of normal production of Pulsar
-95 percent of Pulsar production target by weekend
Alert: Production to be achieved between Waluj and Chakan plants
-Seeing combination of contract and permanent workers at work
-'Not using contract workers for permanent workers' roles'
Alert: Next hearing of case filed by company against workers on July 15
-Have achieved 30,000 units so far of Pulsar by Waluj
-Will achieve remaining capacity by month-end

Bajaj Labour Union Says
-To meet labour commissioner, Pune today evening
-Bajaj using contract workers in permanent workers' roles
-Will raise this issue with labour commissioner

Infosys to CNBC-TV18 confirms Basab Pradhans exit from company
Basab Pradhan on Twitter
-'Leaving Infosys to go back to start up world'
Alert: Basab Pradhan was global head of sales & marketing at Infosys

Sterlite versus Tamil Nadu Pollution Control Board (TNPCB) case hearing today
-National Green Tribunal (NGT) has asked expert committee to submit report on functioning of the Sterlite Unit
-SC directed NGT to share the report HDIL
-Bombay high court hearing HDIL versus MIAL-SRA-MMRDA case:
-Case over contract entered in 2007 for slum rehabilitation to facilitate airport re-development

Prime Minister's Office (PMO) says:
-SAIL to work out plan for capacity expansion by September 30
-SAIL to work out plan for manufacturing of specialty steel by September 30

Deccan Chronicle Holdings (DCHL)
-CBI files case against company's chairman, vice-chairman, MD, auditors
-CBI files case against company for alleged cheating and fraud
-Case against company related to Rs 1,230 crore default to Canara Bank

Clariant Chemicals denies news report of Thane land sale
Alert: Reports of company planning to sell Thane land for Rs 1,500-1,600 crore
 
Health & wellness companies under service tax scrutiny: Sources
-25 health & wellness companies got summons for service tax evasion
-Department alleges some companies have not paid service tax since FY11
-Companies Like Kaya, Talwalkars under service tax net

Cable TV deadline for submission of consumer application form to TRAI today
-Cable companies asked TRAI to extend deadline earlier to give user data on June 25th

Department of Telecommunication (DoT) sources: PTI
-Department mulls issuing show cause notices to Tata Tele, Aircel
-May issue notices for entering alleged illegal 3G spectrum roaming pacts

Shriram City Union Finance
-MIT buys 6 lakh shares (1 percent stake) at Rs 984/share
-IIFL Inc A/C Steadview Capital Mauritius sells 4.8 lakh shares at Rs 983/share

V-Guard Industries
-MIT buys 6 lakh shares (2 percent stake) at Rs 480/share
-IIFL Inc A/C Steadview Capital Mauritius sells 6 lakh shares at Rs 480/share

Other stocks and sectors that are in news today:
-Investors want Apollo Tyres to rethink Cooper Deal – ET
-Promoter creates pledge on 38.5 lakh shares in Apollo Tyres
-Punjab & Sind Bank cuts rates on some term deposits by 10 to 25 bps
-Press meet of Shriram Transport Finance Company to announce the forthcoming NCD issue
-Shemaroo ENT files papers for Rs 120 crore IPO with SEBI
-Petronas in talks to sell 10 percent Canada Shale Gas stake to IOC – ET
-MTN puts tie up talks with Reliance Communications on hold – Agencies
-Banks staring at probable Rs 10000 crore Electrosteel Steels GDR recast – FE