Stocks in news: M&M, ONGC, Bharti Infratel, Kesoram, PNB

Kesoram Industries-Kesoram Industries has internally valued its tyre factory at Haridwar, which it is looking to sell, at Rs 3,573 crore-This is Rs 1,200 crore more than what the company had invested in building it.-Kesoram proposes to sell the plant to subsidiary Cavendish Industries in an all-stock deal: Mint

Auto stocks in focus-The changed draft of the Central Road Transport & Safety Bill proposes a fine of Rs 100000 per vehicle if its maker does not recall a defective one: BS-Version 4 says directors of a company could face imprisonment of three months for not complying with the norms-Also, it calls for a fine of Rs 50,000 a vehicle for the manufacture of faulty ones and/or three-month imprisonment

Fund ActionABG Shipyard-DB International Asia buys 9.5 lakh sahres at Rs 229.41/shareOCL India-Dalmia Cement (Bharat) buys 1 crore 52 lakh shares at Rs 674.93/share (promoter)-Mridu Hari Dalmia Parivar Trust sells 1 crore 28 lakh shares at Rs 675/share (promoter)-Mridu Hari Dalmia sells 23.54 lakh shares at Rs 675/share (promoter)

Castrol India Q4-Net profit at Rs 132 crore versus Rs 126.2 crore (YoY)-Total income at Rs 859.3 crore versus Rs 839.5 crore (YoY)

Chambal Fertiliser promoter releases pledge on 11.1 lakh shares today-Chambal Fertiliser approves voluntary winding up of wholly owned arm CFCL OverseasAlert: Chambal Fertiliser is sole shareholder of CFCL Overseas

Bharti Airtel selling shares worth up to USD 415 million in Bharti Infratel: Reuters-Selling Bharti Infratel shares at indicative price of Rs 350-360/share

Jet Airways says-Ravichandran Narayan has been re-designated as acting CFOAlert: Ravichandran Narayan is currently vice president-finance of Jet Airways-Shareholders approves issue of NCDs on private placement

Corporate Espionage: PTI sources-Government to conduct security audit of all official computers-Government to conduct security vetting of staff following document leakageCorporate Espionage: Essar Oil says-Will launch internal probe to investigate the matter-Extending full cooperation to the authorities

Budget may rationalise taxes, remove anomalies to popularise REITs: Sources-Relief on MAT at time of creation of REIT-Industry seeks MAT relief as no real sales of shares-Industry seeks MAT relief as no income earned during REIT creation-Budget may remove anomaly & treat REIT units at par with equities-REIT units maybe qualified as long term assets at 12 monthsAlert: REIT units currently qualify as long term asset at 36 monthsAlert: Sale of long term REIT unit is exempt for an investor-May bring parity between REIT sponsors, promoters/companies going for IPOs-May exempt sponsor at time of listing of REIT, at par with IPOs

Cabinet approves agreement to form new development bank-Cabinet approves BRICS bank contingent reserve arrangement-Cabinet approves NTPC's 15,000 MW of grid connected solar power project-Cabinet approves 2 additional benches of tax advance ruling authority in Delhi, Mumbai Ratan Tata confirms JLR's US production plans: ReutersRatan Tata says-JLR (subsidiary of Tata Motors) plans to have a production plant in North America-JLR is yet to decide location of possible North America plant

Panel gives nod to defence manufacturing proposals of M&M, Tata Motors, Pipavav Defence: PTI sources-Government clears 22 of 29 proposals from defence manufacturing sector-Licensing committee clears 26 of 29 defence manufacturing proposals-Inter-ministerial committee was chaired by DIPP secretary Alert: Tata Motors proposed overhaul of armoured fighting vehiclesAlert: M&M sought nod to manufacture Torpedo launchersAlert: Pipavav defence sought nod for manufacturing, assembling & testing of ammunitions Other stocks and sectors that are in news today:-Mahindra & Mahindra is in talks with British Aerospace for an alliance. Although the talks are on, "nothing has been concluded" yet: TOI-Sundaram Finance seeks shareholders approval for private placement of upto a sum of Rs 7500 crore during the period April 1, 2015 to March 31, 2016-The Centre has put off ONGC divestment too next fiscal year and decided to wait till crude prices stabilize around USD 70 a barrel: TOI-Ramco Systems is taking its HR offerings to the US and bulking up spending on sales and marketing to compete with firms such as Workday: ET-IndusInd Bank seeks shareholder approval to issue NCD on private placement basis upto Rs 2000 crore-South Indian Bank to raise upto Rs 500 crore through bonds: BS-Financial Technologies has appealed to its shareholders to oppose the government’s plan to merge the company with its unit NSEL: Mint-Ashok Leyland says Hindustan Automotive releases pledge on 9.28 percent of company's shares-Acceliant announces partnership with Lupin Pharma-Banks, NBFCs need RBI, SEBI nod to act as investment advisers-ArcelorMittal readies draft feasibility report (DFR) for USD 6.5 billion Karnataka steel plant-NTPC board approves investment of Rs 9,870.51 crore for Khargone power project-Accel Frontline promoter to sell 7.84 lakh shares (2.63 percent equity) on February 27 via OFS-Essar Oil to shut 405,000 BPD Vadinar refinery for 4 weeks maintenance in May-June: Reuters-YES Bank issues India's First Green Infrastructure Bond of Rs 1000 crore-Adlabs Entertainment IPO to open on March 10-Goa CM says MoEF to lift suspension of Goa’s mining leases within a week