Stocks in news: DCHL, Mahindra Ugine, HPCL, Nalco, NMDC

Here are stocks that are in news today:

Oil Ministry sources say
-May allow oil marketing companies (OMCs) to announce Rs 5 per litre petrol hike in 24-48 hours
-Prime Minister's Office (PMO), Finance Ministry on board for petrol price hike
-Cabinet note on fuel prices ready, not yet circulated
-Will ask cabinet to support steep price hike of Diesel, LPG
-Will also want kerosene hike, but up to cabinet to decide

Inter Ministerial Group (IMG) to hear 8 coal block allotees today: Sources
-Likely to hear Hindalco, Tata Power, JSW and Jindal Stainless Steel
-IMG to focus on 25 captive coal blocks
-IMG hearing from allotees to take place on September 7 and 8

Cabinet note updates under-recoveries of OMCs: Sources
-Oil ministry moves cabinet note; silent on capping diesel subsidies/litre

NMDC in JV with Jharkhand State Mineral Development Corp to form mining company
-NMDC to hold 60% in JV
-JV company named JNMDC (Jharkhand National Mineral Development Corporation)

Stocks Ex-Dividend
-Bharat Electronics: Rs 10.8/share
-HEG: Rs 5/share
-Gujarat Alkalies: Rs 3/share

Chairman Economic Advisory Council to the Prime Minister Office C Rangarajan says
-Indian banking system remains well-capitalised
-Seeing deterioration in banks' asset quality
-Need regulatory overview of bank product innovations
-Govt funds to banks to stay huge to meet BASEL III norms
-Need to bring down cash reserve ratio (CRR) level
-Expect inflation at 7% by March
-Inflation showing signs of decline
-Expect FY13 GDP growth to be better than FY12
-Do not expect India rating downgrade now
-Coal, power, steel sectors to improve October-March
-Fighting inflation RBI's first priority
-Asking banks to give reasonable rates on deposits

Other stocks and sectors that are in news today:
-NALCO to sell 12.15% stake, Department of divestment invites merchant bankers
-Tribunal issues IOC, HPCL, BPCL notice for alleged cartelisation on RIL, Essar Oil's plea
-From 2G Conference: MTNL not to participate in 2G spectrum auction
-Exide steps up efforts to acquire ING’s 26% stake in insurance JV: ET
-Mitsui, Sanyo buy 49% in Mahindra Ugine’s steel business for Rs 218 crore: TOI
-Circuit limits revision: Manappuram Finance at 20%, Subex at 20%, Deccan Chronicle at 10%