Stocks in news: HDFC, Axis, Sobha, Cholamandalam, Diamond Power

Tata Motors-To resize diesel engines to avoid Delhi diesel car ban: Reuters-To re-engineering existing engines to bring them below 2 litres

Pfizer-Announces termination of proposed combination with Allergan-Pfzier in talks with government for use of one of its immunization vaccines Prevnar 13: ET Sobha-Q4 sales values 12 percent higher than Q3-In FY16, company sold 3.38 million square feet worth Rs 2,012 crore volume growth, up 3.2 percent YoY Nava Bharat Ventures-Signs 4-year pact with Tata Steel to renew ferro chrome conversion arrangement-To produce 70,000 mt per year of high carbon ferro chrome at Odisha plant

Blue Coast Hotels-Bombay High Court quashes sale of hotel Park Hyatt Goa resort & spa-Bombay High Court allows company to retain physical possession of Park Hyatt Goa Brigade Enterprises-Announces three-day Mysuru Mane Habba from April 8-10, 2016-Will host 3 day expo in Mysore to showcase properties Cholamandalam Investment-Gets tax demand notice of Rs 212.64 crore for FY10-To contest reassessment & seek stay on tax demand

Websol Energy-To consider restructuring foreign currency convertible bonds (FCCB) including resetting of conversion price-To consider extension of tenure of FCCBs Goa Carbon-March sales Rs 19.4 crore-March production value Rs 9.8 crore Future Retail-Hikes stake in Staples Future Office Products to 61.67 percent-To sell 14 percent stake in Future Supply Chain Solutions to SSG Capital for Rs 185 crore-SSG Capital to invest up to Rs 580 crore to acquire 40 percent in Future Supply Chain-SSG Capital to buy 14 percent from Future Retail Management & 26 percent from minority shareholders-Stake sale in Future Supply Chain to be completed in 1 month-Minority shareholder that will sell 26 percent stake in Future Supply is SKC

Banks reject Vijay Mallya & Kingfisher's offer to pay Rs 4,000 crore by September 30-Supreme Court will continue to hear the KFA case today

PC Jeweller-Board approves issue of compulsorily convertible debentures up to Rs 427 crore-Approves issue of debentures to DVI Fund Mauritius on preferential basis

Other stocks and sectors that are in news today:-Hindalco in focus - Novelis in discussions to refinance USD 5.3 billion of loans: BS-GVK fails to pay USD 560 million for Australia mines: BS-Kotak Mahindra Bank says arm buys 6.8 percent stake in Diamond Power Infrastructure-GMR Holdings to make partial prepayment on non-convertible debentures (NCDs) issued to first Gulf bank on April 27-ABB India & Welspun Energy install 700 MW solar projects across India-Bajaj Hindusthan allots 1.67 crore shares at Rs 21.77/share to JLF lenders on conversion of loan-DHFL seeks shareholders nod to issue redeemable NCDs worth Rs 200 crore-Indiabulls Housing Finance seeks shareholders nod to issue NCDs worth Rs 37 crore-Waterbase successfully implements SAP-Pincon Spirit allots preference shares worth 13.5 crore (5 percent Equity), Kaushik Chatterjee appointed as CEO (ex-COO of United Spirits)-GOL Offshore to convert debt into 74 percent equity under strategic debt restructuring (SDR)