Stocks in news: Crompton, SAIL, Max India, REC, Aurobindo

IOC-Company set to spend Rs 45,000 crore over 3 years: Reports-Investment to set petrochemical plants & LNG Terminal

Astra Microwave-Company incorporates wholly owned subsidiary "Aelius Semiconductors Singapore"-Subsidiary to carry on business in areas of high end microwave integrated chip business

Rural Electrification Corporation OFS subscribed 5.5 times-Gets bids for 27.3 crore shares versus issue 4.93 crore shares-REC OFS retail portion subscribed 9 times, indicative price at Rs 325.10/share-REC OFS non-retail portion subscribed 4.6 times, indicative price Rs 324.73/shareDivestment secretary Aradhana Johri to CNBC-TV18:-Encouraged with the overwhelming response for REC OFS-REC OFS outcome shows the confidence investors have in PSU companies and Indian economy-REC OFS subscription is the highest OFS subscription we have ever had-Total amount to be raised from REC OFS will be around Rs 1,550 crore-Power Finance Corporation stake sale will not take place on Monday-PSU ETF is part of FY16 divestment agenda-Hopeful of SEBI's discussion paper on streamlining OFS process-Retail investors do not need T-2 period for participating in OFS-Retail subscription in REC OFS is higher than the Coal India issue-Retail portion subscribed over 9 times and total OFS subscription at 5.5 times-Have whole lot of stocks lined up for divestment-Got retail bids worth Rs 2,871 crore for REC OFS-Got institutional bids worth Rs 4,731 crore for REC OFS

SEBI releases fine structure for non-compliance with listing agreement requirementsSEBI says-Fine for companies will be Rs 50,000 + Rs 1000 per day w.e.f. July 1, 2015 till the date of compliance-Fine for companies will be Rs 1.42 lakh + Rs 5000 per day from October 1, 2015 till the date of compliance-For any non-compliance beyond September 30, 2015, SEBI may take any other action-Exchanges to levy fines on non-compliant firms

Mines ministry-Draft rules for auction of minerals, seeks public comments-Sets April 23 deadline for finalising rules of auctioning minerals-Seeks comments on revenue or production sharing formula for auction of mines-To rework on mineral concession rules-To rework on mineral conservation & development rules-Changes in MCR and MCDR to align with the amended MMDR Bill

Fitch revises SAIL's outlook to negative-Fitch says SAIL outlook revision reflects higher leverage & subdued operating performance

Other stocks and sectors that are in news today:-Inox Wind lists today-SREI Equipment Finance to raise up to Rs 500 crore: BS-Railways earnings grows 12 percent to Rs 1.58 lakh crore in 2014-15: BS-India might consider white sugar export incentive as cane arrears cross Rs 19,000 crore: BS-UP crop damage: State ups central aid demand to Rs 1,087 crore: BS-FM Arun Jaitley says no plan to raise FII G-sec limit, no SUUTI stake sale for now-Adani Power in line for 5/25 model relief, banks to refinance Rs 10,000 crore of Adani subsidiaries-Advent, Temasek set to buy Crompton Greaves Consumer business for Rs 2,700 crore: ET-Fund Action: Kamidi Narsimha Reddy (promoter) sells 4.75 lakh shares of KNR Construction at Rs 437/share-GMR Group approaches RBI asking to allow foreign investors to transfer compulsorily convertible preference shares of GMR Airports to company at fixed return rates: ET-Cadila Healthcare plans to seek an enabling approval from shareholders to raise up to Rs 10,000 crore via issue of different securities: ET-Biocon ex-dividend - Rs 5/share-State Bank of Mysore ex-dividend - Rs 5/share-Madras High Court approves scheme of amalgamation of Sterlite Infra with Sesa Sterlite-Gujarat NRE Coke board approves allotment of 11.77 lakh shares at Rs 11/share on option exercised by ICICI Bank to convert its funded interest term loan (FITL) into equity shares under CDR package-RBI notifies 49% FDI in India insurance sector (Max India, Reliance Capital etc in focus)-Divestment department in talks with labour ministry to invest EPFO money in PSU ETFs: PTI-TRAI recommends that priority call routing scheme should be instituted-SREI Infra says Opulent Ventures sells 4.97 percent stake in company on April 6, now holds 2.08 percent-Tata Motors says no plans to sell majority/strategic stake in Tata Technologies-Coal block case: Delhi High Court defers companies' plea w.r.t compensation till April 21-DLF files appeal before SAT versus SEBI order passed on February 26 w.r.t Rs 26 crore penalty-Haryana government approves 800 MW unit at Panipat plant: PTI-Government says area damaged due to untimely rains & hailstorm is 85 lakh hactare versus earlier report of 113 lakh hactare-Government will set up medical devices parks in the country & first such park to come up in Gujarat soon (Opto Circuits etc in focus)-India-US sign MoU for co-operation in transportation