Stocks in news: Tata Power, Reliance Infra, IOC, KRBL, GAIL

Here are stocks that are in news today:

Petrol prices hiked by Rs 1.82 per litre (excluding value added tax)
IOC says
-Latest hike due to further rupee depreciation
-Current loss on sale of retail diesel at Rs 8.60/litre
-Current loss on sale of kerosene at Rs 30.53/litre
-Loss on sale of subsidised LPG at Rs 368.50/cylinder
-Estimate under-recovery at Rs 63,000 crore for FY14
-Estimate FY14 industry under-recovery at Rs 1.18 lakh crore United Spirits (CMP at Rs 2171, down 2.5 percent)
-Morgan Stanley Asia PTE buys 10.8 lakh shares (0.7%) at Rs 2118/share
-Morgan Stanley Asia already hold 4.02 percent stake in company as per March filing Reliance Infrastructure-Refuses to run Delhi Airport Metro Express after June 30 in view of huge losses
-Asks DMRC to take over Delhi Airport Metro Express
 
Reliance Infrastructure sources says
-Total investment by company at Rs 2880 crore
-Equity & sub-debt of Rs 750 crore
-Served termination notice over material breach
-To seek 100 percent of debt & 125 percent of equity as return CNBC-TV18 Exclusive: Coal Ministry sources say
-Sought Department of Divestment (DoD) views on Tamil Nadu proposal for Neyveli Lignite (NLC) stake
-DoD examining ways to divest Neyveli Lignite stake
-Neyveli Lignite current market price at Rs 56.5/share Tata Power consumers to pay 25 percent more tariff
-MERC has approved an average increase in tariff to Rs 5.26 per unit
-Existing tariff at Rs 4.19 per unit, price changes applicable today onwards  Other stocks and sectors that are in news today:
-July 1st deadline to submit applications for new banking licence
-ONGC seeks to share Reliance Industries (RIL) KG D6 infra to save USD 4 billion – FE
-GAIL 1st Indian co to import shale gas
-Technology companies get transfer pricing relief
-FMCG companies hike prices after several quarters – DNA
-Vakrangee Software inclusion in S&P BSE Teck Index w.e.f. July 4, 2013
-No end in sight to YES Bank row, Madhu Kapur prepares to battle out in court for her claims – reports
-Basmati exports to the US plunge on pesticide alert – ET (KRBL, LT Foods, Kohinoor Foods to be in focus)
-Govt may ease retail FDI norms to woo retailers – ET
-Department of Telecommunications (DoT) decides not to scrap dual-tech telecom licences – BS
-Gujarat Automotive Gears open offer at Rs 1137/share (CMP Rs 1050) TCS AGM: Cyrus Mistry says
-FY13 witnessed slow growth in global economy, spending has lowered
-Company managed to perform despite challenging economic environment
-To observe cost discipline at operational level
-Confident to meet changing global technological needs
-Expect traction and stability in FY14
-Will invest in products, platform & IP based solutions
-Added 69,000 employees in FY13
-Signed large transformational deals in FY13
-Offered strategic partnerships to clients
-Will continue to invest in emerging markets like Asia, Lat AM, Africa
-Not facing any legal suit in Australia
-No timeline on TCS e-Serve merger but discussions are on Govt
-Cuts base import price of gold to USD 401 per 10 gram from USD 421/10gm           
-Cuts base import price of silver to USD 604/kg from USD 606/kg      PM sets FY14 targets for infrastructure sectors
-Total rail & airport capacity targets lower than FY13
-Power capacity addition target set at 18,432 mw
-Coal India despatch target at 492 mt
-Airport investments target at Rs 908 crore versus Rs 1,023 crore (YoY)
-Road constructions target at 5,000 km versus 9,500 km (YoY)
-Port sector capacity addition aim set at 292 mt Releases draft norms on wealth management svcs offered by banks
-Banks must offer wealth management services via arm/separate division
-Banks not to offer discretionary portfolio management services