Stocks in news: Kotak Mah Bank, Maruti, JK Tyre, Petronet

Directorate General of Civil Aviation: Sources-May issue notice to Air India (AI) and GoAir for operating flight to Leh in bad weather-Air India & GoAir operated flights to Leh in bad weather on June 26-Jet Airways did not operate flight to Leh on June 26 due to bad weather-Air India operated 2 flights to Leh with 107 & 119 passengers-GoAir operated 2 flights to Leh with 166 & 185 passengers on board-Have asked all 3 airlines operating to Leh to revise SOPs and submit to DGCA-Have also advised these airlines to not take chances with weather

Road & Transport Minister Nitin Gadkari says-Government to soon approve Manesar to Dhaula Kuan metro mail project-Manesar to Dhaula Kuan metro mail projects is of 70 km with estimated cost of Rs 3,500 crore

Government releases draft guidelines for solar parksAlert: Solar Park is a concentrated zone of development of solar power generation projectsRenewable Energy Ministry:-Rolls out a scheme plans to set up 25 solar parks-Each solar park to be with a capacity of 500 MW & above-Targetting around 20,000 MW of solar power installed capacity-Large size projects to bring down the cost of solar power-Solar parks will be set up within a span of 5 years-Solar parks to enable states to bring in significant investment from developers-States will meet solar renewable purchase obligation (RPO) mandate

Financial Services Department-Amends insurance rules issued on February 19-Says indirect foreign equity not counted for calculation in equity capital

RBI says-Foreign shareholding via FIIs/ RFPIs in Petronet LNG reaches trigger limit-FIIs/ RFPIs need RBI nod to further buy Petronet LNG shares

Balmer Lawrie-To close down manufacturing unit of Strategic Business Unit (SBU): Industrial Packaging (IP) at Sewree, Mumbai-Execution of voluntary separation package so far accepted by 97 percent workers of unit-Consent of residual employees obtained & hope to release them by next week

Government-Invites bids to engage legal advisors to sell 10 percent stake in Engineers India-Invites bids to engage legal advisors to sell 10 percent stake in Oil India-Invites bids for legal advisor for NTPC divest through ‘offer for sale’-Invites bids for legal advisor for Bharat Electronics divestment through ‘offer for sale’-Invites bids for legal advisor for HCL divestment through ‘offer for sale’-Invites bids for legal advisors for launch of follow-on ETF for PSUs-Asks legal advisors to submit bids by July 24

Ashok Leyland to CNBC-TV18-Witnessing pent up demand in medium & heavy commercial vehicles-Will not see a 45 percent growth going forward-See a 10-15 percent growth by FY16-end-Will not call off Nissan JV just because one product failedAlert: Ashok Leyland stopped production of Stile which was produced under Nissan JV-Capex for FY16 less than Rs 200 crore-Capex levels to be maintained over next 3 years

Competition Commission of India: PTI-Dismisses complaint against 18 auto makers w.r.t. conditions put forward in dealership agreements-No prima-facie evidence of violation of competition norms-18 auto companies including Tata Motors, M&M, Ford, Honda Siel Cars, Volkswagen India, General Motors India-18 auto companies including Ashok Leyland, Bajaj Auto, Hero MotoCorp, Mahindra Two-wheeler, Honda Motorcycle & TVS Motor

ACC says-Limestone mining operations at Chaibasa Cement works have been suspended-Operations at Chaibasa suspended due to requirement of further clearances from Jharkhand government

NMDC says-Iron ore lumps prices at Rs 2,950 per million tonne (MT) w.e.f July 4-Iron ore fines prices at Rs 1,660/mt w.e.f July 4-April-June iron ore production at 5.93 mt-April-June iron ore sales at 6.65 mt

Other stocks and sectors that are in news today:-Maruti Suzuki’s premium cars not to have Maruti tag: ToI-JK Tyre emerges as front runner to buy Birla Tyres from Kesoram Industries: ET-AstraZeneca - Indian based Lee Pharma files for license of AstraZeneca’s diabetes drug: ToI-Sterlite Technologies to invest Rs 400 crore in capacity expansion: ET-KV Kamath reduces stake in ICICI Bank to 0.02 percent from 0.05 percent: ET-SpiceJet raises ticket cancellation charges-FIPB approves Kotak Mahindra Bank's proposal to hike FII limit to 55 percent from 49 percent-Food Minister Ram Vilas Paswan says working on a long-term policy for sugar sector to ensure timely payment to farmers: PTI-Federal Bank board to consider allotment of bonus shares on July 10-Arvind Remedies board to meet on July 11 to consider proposal for investment by a potential investor-NSE says ready for IPO, awaits clarity on listing norms: PTI sources-Aditya Birla Chemicals shareholders approve merger with Grasim-Adani Group to set up solar park in Tamil Nadu for Rs 4,536 crore: PTI-Corporation Bank launches MUDRA card for small enterprises, based on RuPay platform-Hexaware Technologies to delist its global depository receipts (GDRs) from London Stock Exchange-Pantaloons Fashion says Franklin Templeton MF buys 8.49 percent stake in company via its various schemes-HPCL shareholding pattern: LIC cuts stake in co by 2.1 percent to 3.77 percent since March 12, 2015