Stocks in news: MCX, Geodesic, Shiv Vani Oil, BHEL, Havells

Tata Motors says-To pass on entire benefit of excise duty cut to customers-Price cut on all vehicles effective on Wednesday

Delhi High Court-Stays invoking Jindal Steel's (JSPL) Ramchandi coal block bank guarantee-Stays invoking bank guarantee of Tata Group-Sasol JV coal block-Stays invoking JSPL’s Rs 104 crore bank guarantee-Notice to coal ministry in JSPL, Tata JV bank guarantee case-JSPL, Tata-Sasol JV can appeal if mines given to others-To hear JSPL, Tata de-allocation and bank guarantee case in July

NMDC says-Signed wage pact with workers' union-Financial impact of wage pact on company around Rs 65 crore-To up wages around Rs 12,000 per month per worker-5,000 workers to benefit from wage hike effective January, 2012

Geodesic/Shiv Vani Oil-HC London orders companies to pay USD 171 million and USD 84 million, respectively (aggregating to Rs 1,600 crore)-Payments to companies lenders along with interest by end of February-Both companies had defaulted on their FCCB earlier

KV Thomas says-Sharply cut Hallmark fee for small city gold jewellers-Unique Hallmark ID for gold jewellery likely in 2-3 months

ESAB India Oct-Dec quarter-Revenues at Rs 111.07 crore versus Rs 125.08 crore-PAT at Rs 7.06 crore versus Rs 10.57 crore

MCX in focus-Company says it intends to divest stake in few ventures-Company gave advertisement in newpaper-Company looking for investment bankers for stake sale

Goa government sells 0.5 million tonne (mt) of already excavated iron ore via e-auction: SourcesAlert: SC allowed Goa to e-auction about 15 mt already excavated iron ore on November 13, 2013-Goa receives Rs 93 crore from auction of 0.5 mt iron ore-Funds received will be kept in Escrow A/c as per SC order-Goa to reimburse e-auction amount lease-wise as per SC directive

Telecom M&A rules: Sources-Merged telecom company entity’s market share to not exceed 50 percent-Company to have one year to bring down market share if it exceeds 50 percent-Subscriber base, AGR relevant to determine market shareAlert: AGR is adjusted gross revenue-Buyer to pay difference between spectrum’s entry fee and market price-Resultant telecom company to hold no more than 25 percent of spectrum in service area-Resultant telecom company to surrender excess spectrum within one year

Corporate Action-Bajaj Corp ex-dividend Rs 6.50/share-Financial Technologies ex-dividend Rs 2/share-Hexaware Technologies ex-dividend Rs 7.50/share-REC ex-dividend Rs 7.75/share-Sharon Bio Medicine bonus 1:1-Sharon Bio Medicine stock spilt from Rs 10/share to Rs 2/share

Thomas Cook Q4:-Consolidated net profit at Rs 13.1 crore versus Rs 8.6 crore (YoY)-Consolidated Total Income at Rs 465.6 crore versus Rs 97.7 crore (YoY)

Other stocks and sectors that are in news today:-Maruti Suzuki cuts vehicle prices by Rs 8,500-Rs 31,000-TVS Motor passes on entire excise duty cut, cut prices-DCM Shriram Consolidated board to mull share buyback & bonus issues on February 22-Food Minister K V Thomas says 2013-14 sugar output seen over 24.5 million tonne-NTPC plans two more power projects in Madhya Pradesh: ET-Elder Pharma appoints Deloitte to restructure business-Havells India Haridwar unit becomes operational: BL-Greaves Cotton: Amansa Holdings sells 13.3 lakh shares at Rs 60/share (Note: As on December 2013 stake of 4.29 percent)-Magma Fincorp: Macquarie Bank sells 14.93 lakh shares at Rs 66.5/share