Stocks in news: Maruti, MCX, United Bank, Adani Power, ICRA

Tata Power on CERC order-Order to resolve issues being faced by coal-based power projects-CERC order provides partial relief to Mundra UMPP

CERC on Reliance Power-Admits company's plea for compensation due to depreciation of rupee-Seeks information on the Sasan UMPP by February 28-To hear company’s petition on April 17

US FDA chief Margaret Hamburg says-Not targetting Indian companies-Inspections part of drug approval process-Increased inspections show India is a growing player-US Food and Drug Administration's (USFDA) India office enables greater communication with companies-Indian manufacturers want to engage with US FDA-Indian companies wanted to get more information on processes-Indian companies valued US FDA's increased engagement in India-India trip was useful to better relations with companies, government-Have made a framework of joint action with Indian regulator-Indian regulator eager to work with US FDA-Indian regulator eager to get tech & training assistance-Highlighted critical areas to focus on in next 5 years with DCGIAlert: DCGI: Drug Controller General Of India-Cannot comment on specific investigations on companies-Inspectional findings don't mean pulling out drugs from market-US FDA monitors adverse events very carefully

US FDA chief to Indian Pharma companies:-Have standards of inspection, check data & data integrity-Take note of signals from whistleblowers & follow up

Moody's Singapore makes conditional open offer for 26.5 percent in ICRA at Rs 2,000/share-Moody's Singapore seeks minimum 21.5 percent stake in ICRA via open offer

JSW Steel-To acquire up to 50 percent stake in Vallabh Tinplate-To acquire stake in Vallabh Tinplate for maximum Rs 46 crore-To immediately buy 26 percent in Vallabh Tinplate, then up stake later

Tech Mahindra to CNBC-TV18-Global environment looks encouraging-Expect to grow in-line with NASSCOM estimates for FY15-Looking at both inorganic & organic growth-Have invested heavily on analytics & cloud

DCM Shriram Consolidated-Proposes to buyback company's shares from open market worth up to Rs 135 crore-Buyback approved at a price not exceeding Rs 90/share (premium of 32 percent of Friday closing of Rs 68)-Buyback programme is expected to be initiated sometime early next month

Corporate Action-Hinduja Global ex-dividend Rs 5/share-Natco Pharma ex-dividend Rs 5/share

Ruchi Soya-Sets up R&D JV with DJ Hendrick, KMDI International-Company to invest Rs 18 crore in R&D JV over 3 years

TRAI-Releases recommendations on 800 MHz spectrum reserve price-Reserve price should be fixed at 80 percent of average valuations-Department of Telecom (DoT) must take back entire spectrum holding of MTNL in 800 MHz band-800 MHz band auction must be done in block size of 1.25 MHz

TRAI on 800 MHz auction-New entrant having no spectrum must bid for minimum 4 carriers-Existing telecom service provider (TSP) must be permitted for a minimum 1 block -Base price for 800 MHz band fixed at Rs 2,685 crore per MHz-Entire available spectrum with DoT should be put to auction

Other stocks and sectors that are in news today:-Oil Minister Veerappa Moily writes to Delhi LG against FIR on gas pricing by Kejriwal-Government says paid April-December cash subsidy of Rs 35,772 crore to oil companies-RBI says FIIs cannot buy more IDFC shares as investment limit reached-TVS Motor cuts vehicle prices by Rs 850-Rs 3,500-United Bank of India’s Delhi branch may have sanctioned Rs 800 crore loan without verifying collaterals: ET-Baring Asia sole bidder for Care: Reports-Domestic MFs oppose Maruti Suzuki plant in Gujarat: Reports-PwC picks up many holes in MCX deals: ET-JM Financial forays into Global M&A space with Foliage deal: ET-Viom plans to raise Rs 1,500 crore, may list on LSE: BS (It’s a JV between Tata group and SREI)-Aviation ministry likely to increase Dubai’s air seat entitlements by 20 percent: Reports-Jet Airways - Competition Appellate Tribunal (COMPAT): Jet-Etihad case hearing today-Major fire at CEAT’s factory at Bhandup, Mumbai

Directorate General of Civil Aviation (DGCA) disposes off objections to AirAsia India's flying permit: Sources-Post disposal off objections DGCA paves for flying permit for AirAsia-DGCA to give approval of permit post AirAsia meeting norms-DGCA says no reason to not consider AirAsia India plea for flying approval

Post DGCA’s conditional clearance to AirAsia, FIA writes back seeking stay: SourcesAlert: FIA is Federation Of Indian Airlines-FIA writes to home ministry, civil aviation ministry, DGCA on AirAsia-FIA asks government not to give AOP to AirAsia till Delhi HC hears matterAlert: AOP is Air Operator PermitAlert: SC today referred AirAsia case back to Delhi HC-FIA argues AOP to AirAsia matter is sub-judice-FIA argues DGCA should not give nod till Delhi HC clearanceAlert: Delhi HC to hear AirAsia matter on March 5, 2014