Stocks in news: M&M, CIL, Hotel Leela, JHS Svend, Ranbaxy

Here are stocks that are in news today:

March auto sales
-Tata Motors domestic March sales at 95,047 versus 77,431, up 22.7% YoY
-Tata Motors total March sales at 1 lakh units versus 83,363 units, up 20.4%YoY
*M&M March vehicle sales at 47,001 units, up 25% YoY
*M&M FY12 vehicle sales at 4.83 lakh units, up 28% YoY
=Eicher Trucks & Buses total sales at 6,051 versus 5,065 (YoY)
=Eicher Domestic CV sales at 5,786 versus 4,722 units (YoY)

Patni delisting
-Announcement likely on April 10, 2012
-Gets bid of 1.5 crore shares
-Hedge Fund, Elliot Management tender its entire 9.5% stake at Rs 520/share

TCI to launch legal action against Coal India
-Instructs its lawyers Luthra & Luthra to begin legal process against CIL

 IVRCL management was to meet over the weekend to discuss Essel group buying 10%
-No outcome or information on the exchanges

Govt sources say
-Coal Ministry to invoke presidential directive on CIL
-Presidential directive only way forward for signing fuel supply agreements (FSAs)
-Coal Ministry to send presidential directive to CIL by next week
-PMO alerted on CIL board not reaching a consensus on FSAs
-CIL will have to sign FSA once presidential directives are invoked

Varun Shipping
-Extends financial year by three months,
-To demerge ship management business and investment business
-One share of Varun Shipping management to be issued to shareholder holding one share of VSCL

Essar Oil's FCCB' to be compulsorily converted into equity
-The bonds worth USD 115 million were issued on June 15, 2010, at Rs 138/share
-The second set of bonds worth USD 147 million were issued on July 09, 2010, at Rs 153/ share

Other stocks and sectors that are in news today:
-HCC sell its 7 % stake in Jyoti Ltd
-Zee Entertainment board meet to April 4 to again consider a buy-back (In the last buy back the company managed to buy back shares worth only Rs 232 crore versus Rs 700 crore)
-Yes Bank raises Rs 380 crore from IFC, to raise USD 400 million via GDR - ET
-Subhash Chandra promoted Zee Group close to buying out Dainik Bhaskar - BS
-Hotel Leela