Stocks in news: ACC, RComm, IOC, Jet, Hindustan Copper

Here are stocks that are in news today:

Competition Commission of India (CCI) raises fresh query from Jet Airways over Jet-Etihad deal: Sources
-Central Vigilance Commission (CVC) to seek information from government on Jet-Etihad deal: Sources
-Ministry of Civil Aviation (MoCA) to provide clarifications on various aspects
-Some Members of Parliament (MPs) have complained to CVC on Jet-Etihad Deal
-MPs also complain on sale of slots at Heathrow airport
Alert: Etihad paid USD 70 million to Jet for 3 pairs of landing, departure slots
-MPs allege such slots cannot be transferred without government nod
-MPs allege slots are only for designated carriers
-MPs allege no prior nod by MoCA for slot sale
-MPs allege Jet Airways cannot sell nominated slots

Jet Airways slots at Heathrow not negotiated under bilateral agreement: Sources
-India-UK bilateral agreement only allows entry, exit and frequency of flights
-India-UK bilateral only grants ability to land and take-off
-Airlines require negotiating independently with UK Airports
-Slots bought over time in conjunction with UK CAA, BAA nod
-Bought 2 pair of slots from United Airlines, 1 pair from Gulf Carrier
-Informed MoCA; needed RBI nod for forex transaction
-Etihad money from sale and lease back of Heathrow slots already received by Jet post RBI nod
Alert: Jet entered into 5-year deal for sale and lease back of 3 pairs of slots at Heathrow

Prime Minister's Office (PMO) on Jet-Etihad Deal:
-Clarifies on India-UAE bilateral air services agreement
-No disagreement within government
-PM not washing his hands off bilateral air services agreement
-Not trying to do a U-turn on deal
-Received complaints regarding deal
-Referred complaints against deal to Ministries
-Cabinet secretary examining security concerns on deal

PMO on action taken:
-Jet-Etihad equity stake referred to MoCA, Department of Industrial Policy and Promotion (DIPP), DEA & MCA

Divestment Secretary says (Hindustan Copper CMP at Rs 72.35/sh)
-Empowered group of ministers (EGoM) approves 4.01 percent divestment in Hindustan Copper
-Hindustan Copper offer for sale to be held today
-Government sets floor price at Rs 70/share for 4.01 percent divestment
Alert: Govt holds 94.01 percent stake in Hindustan Copper

Telecom Commission approves 100 percent FDI in telecom services      
Sources say
-Department of Telecommunication (DoT) to move cabinet note soon
-100 percent FDI not likely via automatic route
Alert: Up to 49 percent FDI via automatic route in telecom; 74 percent via approval 

60 day (The Securitization and Reconstruction of Financial Assets and Enforcement of Securities) SARFAESI notice to Kingfisher Airlines (KFA) expires today
-Banks to begin selling KFA properties

SAIL April-June
-Saleable steel output up 6 percent at 3.2 mt (YoY)
-June Saleable steel output up 7 percent at 1.08 mt (YoY)
SAIL says
-Expect hot metal capacity to rise to 19 mt by FY15-end

Govt says
-Tamil Nadu offer to buy 5 percent in Neyveli Lignite sent to SEBI        
-SEBI to see if Tamil Nadu offer meets public shareholding norm

IOC offer for sale (OFS) likely to be held next month: Sources
-Finance ministry in process of appointing bankers for IOC OFS

Ashoka Buildcon
-Bonus issue in ratio of 1:2
-Stock split from Rs 10 to Rs 5

Centrum Finance
-Bonus issue in ratio of 5:1
-Stock split from Rs 10 to Re 1

Ex Dividend
-Kolte-Patil – Rs 1.5/share
-TTK Prestige – Rs 17.50/share

Other stocks and sectors that are in news today:
-Hindustan Unilever (HUL) open offer closes tomorrow
-Ambuja Cements, ACC to be merged in Holcim rejig – ET
-Reliance Digital close to sell 80 percent stake to Sun for Rs 2500 crore – BS
-Bajaj Auto moves Pulsar production out of Aurangabad – BS
-Jindal Steel & Power (JSPL) to invest Rs 24000 crore by FY15 on expansion: PTI
-IRB Infrastructure promoter creates pledge on 55 lakh shares in company
-Adani Ports and MSC Mediterranean Shipping form JV to operate new container terminal in Mundra
-Kalindee Rail board meets on July 5 to consider raising fund via preferential issue
-Maruti Suzuki introduces sporty version of Swift RS
-Lakshmi Overseas board to meet on July 5th to mull preferential allotment to promoters/group
-Govt exempts services provided to SEZs from service tax
-RBI Governor Subbarao and deputy governors to attend state-level bankers' committee meeting
-India loses Kashagan Oil Field to China
-Food Security Ordinance on cabinet agenda in today’s meet: PTI

RBI issues draft norm for bank provision on companies unhedged forex exposure
-RBI issues norms on capital for banks' central counterparty exposure
-Norms on banks' central counterparty exposure effective January 1