Stocks in news: HDFC Bank, Cairn, Videocon, Adani Ent, DHFL

SpiceJet-IndiGo lures grounded SpiceJet pilots-Pilots are high in demand-The airline is trying to save on wage costs by cutting the normal notice period of six months by about half for pilots who have already resigned. However, market leader IndiGo has offered the latter their basic pay for the period till March (when the notice period gets over) if they join: BS

Pipavav Defence-Lenders to Pipavav Defence & Offshore Engineering have chosen the corporate debt restructuring (CDR) route to restructure its debt of close to Rs 7,000 crore-Led by IDBI, the bankers will discuss terms and conditions of the CDR package early next week-Lenders to finalise terms and conditions by end-February; however, firm says it is also keen on capex for expansion: BS

Hindustan Zinc/Cairn India/Sesa Sterlite-Mining baron Anil Agarwal is mulling merging cash-cows Cairn India and Hindustan Zinc into his flagship Vedanta Group firm to create a global natural resources giant to rival Rio Tinto or BHP Billiton-Said consultants have been appointed to explore if it would make sense to merge the two firms into Sesa Sterlite: BS

Tata Motors-Tata Motors salary proposal for its top executives, which was rejected by its minority shareholders in July 2014, may face resistance yet again as the company prepares for another vote this month-Results of the postal ballot will be released on January 23-Proxy advisory firm ISS disapproves salary proposal for 2015, 2016 fiscals ahead of vote this month: Mint-Jaguar Land Rover to add 1,300 new jobs in UK: Mint

Adani Enterprises-Signs MoU with Australia's Woodside Energy-JV with Woodside Energy for LNG sourcing, marketing, E&P & R&DAdani Enterprises-In MoU with SunEdison to set up solar manufacturing facility worth Rs 25,000 crore-JV with SunEdison will create 20,000 jobs-New facility to be constructed in Mundra, Gujarat over 3 years

Videocon Industries: Venugopal Dhoot says-Looking at buyers for telecom business-Will sell telecom business

Reliance InfrastructureMaharashtra CM Devendra Phadanvis tweets: On Mumbai Metro-Committee constituted for Mumbai Metro tariff fixation-State to request HC to stay order on tariff issue-State to request HC to let committee decide on tariff issue

Fresenius Kabi/HDFC BankFIPB-Cleared 12 FDI proposals worth Rs 1,827.24 crore on December 19-Clears Fresenius Kabi India’s FDI proposal worth Rs 198.80 crore-Recommends HDFC Bank's share issuance proposal for CCEA consideration-Clears Ratnakar Bank’s Rs 1,150 crore IPO proposal

Tata Steel Q3-Hot metal production up 2.8 percent at 2.38 million tonne (MT) (YoY)-Crude steel production up 5.6 percent at 2.29 MT (YoY)-Saleable steel production up 3.3 percent at 2.22 MT (YoY)-Sales up 3.05 percent at 2.13 MT (YoY)

Bajaj Corp Q3-Net profit at Rs 41.8 crore versus Rs 29.1 crore (YoY)-Total income at Rs 205.8 crore versus Rs 158.6 crore (YoY)

Fund actionMarico-Oppenheimer Developing Markets sells 1.8 crore shares at Rs 319.25/shareLloyd Electric & Engineering-Zenith Impex Private Limited sells 21.27 lakh shares at Rs 138.19/share-Orange Mauritius Investments Limited buys 20 lakh shares at Rs 137.8/share

Other stocks and sectors that are in news today:-LIC Housing Finance: As part of its new strategy on non-core businesses, Life Insurance Corporation (LIC), India's largest insurance company, is considering exiting from its mutual fund joint venture with Nomura, and paring its stake in LIC Housing Finance: BS-Government plans to flood the markets with a massive, one-shot divestment to raise about Rs 24,000 crore within the next month as it looks to take a record leap to meet its asset-sale target before the fiscal year runs out by selling a 10 percent stake in Coal India: ET-Infrastructure stocks in focus: Government plans to allow resolution of disputes in infrastructure development through arbitration in neutral places like Singapore, London and Malaysia, a step aimed at increasing the confidence of foreign investors in putting money in a sector that is key to economic growth but is struggling due to funds shortage: ET-Bank of Baroda plans to raise Rs 1,000 crore from bonds soon to fund business expansion: ET-Pharma stocks in focus: Concerned over Indian drug makers frequently running into overseas regulatory problems, the government has requested the US health watchdog Food and Drug Administration (FDA) to allow its officials during inspections of domestic pharma units: Mint-Kalyani Group signs defence MoU worth Rs 600 crore with Gujarat Govt-United Spirits shareholders approve licence for manufacturing, distribution of Diageo brands-Kansai Nerolac Paints board to meet on January 30 to consider stock split-3i Infotech allots 7.69 lakh shares on conversion of FCCBs worth USD 250,000-Railway stocks in focus: National Federation Of Indian Railwaymen (NFIR) union opposes FDI in railways, threatens indefinite strike: PTI-Oriental Bank of Commerce to raise Rs 1,000 crore via private placement of bonds-CCI approves Dewan Housing's proposed buying of 50 percent stake each in 2 arms of US-based PGLH

Telecom Minister Ravi Shankar Prasad to CNBC-TV18-Confident of achieving national optical fibre network target-Digital India opening areas of manufacturing processes-Ericsson to invest in India-Decision-making process in India has become faster, investors noticing change in India-Nokia plant closure not linked to change in government-Nokia tax issue could have been handled better-e-commerce has reached target of Rs 70000 crore in India-Post GST rollout e-commerce tax issues will get sorted-5 MHz Of 2100 MHz spectrum will be issued in February-Notice inviting applications for February auctions issued-Identifying defence spectrum band-Exact swapping of spectrum will take time-India has huge market potential; telecom companies doing well-Neither telecom companies nor consumers will be losers post auctions-Think the auction will be win-win situation for all-Doing everything to restore health of BSNL and MTNL-Working on bpo policy for Tier-II & Tier-III cities-To give incentives for setting up BPOs in Tier-II and Tier-III cities-Mandatory to seek TRAI view if telecom commission differs