Stocks in news: JP Associates, UltraTech, Tata Motors, Geometric

Uttam Galva-Hires SBI Capital Markets to look for investor: Mint-Consolidated debt was at Rs 3,750.43 crore (March 2015)

ONGC-ONGC looking at acquiring a controlling stake in GSPC promoted Pandit Deendayal block in KG Basin in Andhra Pradesh: Mint-No valuation given; GSPC has constructed infrastructure worth Rs 7,000-8,000 crore

Alkem Labs-UK MHRA conducted inspection at Taloja facility, Maharashtra in March-Eight observations made by UK-MHRA on Maharashtra facility

Brooks Laboratories-Expansion of the Baddi unit is completed-Commercial production in Gujarat Plant will commence within next six months

International Combustion-Building material division at Ajmer, Rajasthan, commenced commercial production-Unit has an operating capacity to produce 1,20,000 metric tonnes per annum of dry mix products

SEBI rejects Lyka Labs promoters’ proposal of exemption from open offerAlert: Lyka Labs’ promoters had hiked stake to 28.3 percent from 23.3 percent via preferential allotment

Bank of Baroda, HDFC Bank, Axis Bank, Union Bank, ICICI Bank, PNB, Canara Bank, SBBJ, Union Bank, State Bank of Travancore revise interest rates based on MCLR (marginal cost of funds-based lending rate)-PNB sets overnight MCLR at 9.15 percent; 9.4 percent for 1-year loans, 3-year at 9.55 percent, 5-year at 9.7 percent-Canara Bank sets overnight MCLR at 9 percent; 9.25 percent for 1-month loans & 1-year at 9.45 percent

Other stocks and sectors that are in news today:-HCL Technologies / Geometric - Deal may value Geometric at USD 150-200 million: BS-Tata Motors sells subsidiary Sheba Properties for Rs 405 crore-IndiGo (part of InterGlobe Aviation) hikes cancellation charge to Rs 2,250 for domestic fliers-HDFC Bank to raise up to Rs 5,000 crore via infra bonds: BS-REC invests Rs 1,500 crore in bonds of Indian Bank, Syndicate Bank and Vijaya Bank: FE-Bharat Wire Rope listing today-Piramal Group/HDFC Bank - Vodafone in talks to divest 49 percent stake in payments bank arm: ET-Syndicate Bank allots 4.1 crore shares to LIC at Rs 52.51/share on preferential basis-Ashapura Intimates Fashion board approves merger with Momai Apparels-MEP Infra JV declared successful bidder for 4 laning Nagpur road-Shriram Transport - Madras HC approves merger of Shriram Equipment Finance with company-IL&FS Transportation buys GRICL Rail Bridge & Rajasthan Land Holdings-IDBI Bank sells 9 lakh or 2 percent stake in NSE to LIC-KEC International wins orders worth Rs 836 crore-Mandhana Industries - Bombay HC approves scheme of demerger of retail venture-Gammon Infra completed sale of 3 SPVs - Patna Buxar Highways (PBHL), Pataliputra Highway and Mormugao Terminal (MTL) for Rs 30 lakh-PMC Fincorp board meeting to allot 2.25 crore warrants to promoters-Titan expects jewellery business to grow 10-15 percent in FY17, like-to-like store sales of watch division will be subdued in Q4-ARSS Infra wins order worth Rs 143 crore-Ginni Filaments gets out of CDR around two years before the scheduled date of exit-Richa Industries creates a new EPC division-Bank of India allots 46 lakh shares to GIC for Rs 86.2/share (Rs 39.5 crore)-JSW Steel - CARE revises ratings downward from CARE AA+ to CARE AA--Jet fuel prices hiked in Delhi by 8.7 percent to Rs 42,157/kl-HDFC completes selling of 9 percent stake in life insurance arm to Standard Life