Stocks in news: SBI, Zicom, JSPL, RComm, Ashok Ley, GVK

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Here are stocks that are in news today:

Defence companies in focus-Government considering rejig in the defence procurement procedure: BL-Government will require companies selling defence equipment worth more than Rs 300 crore to source 30 percent value, locally.-Defence sector may give business deals worth USD 250 billion in the next seven to eight years: ET

Executive committee of SBI approves divestment in SBI Life by up to 10 percentVG Kannan, MD, SBI on CNBC-TV18:-Not considering IPO as of now for SBI Life-Will take a call on how much stake we can give to Cardiff-Likely to divest stake in SBI Life in Q1 FY16-IPO for SBI Life can be announced in a year or two-SBI Life stake valued at around Rs 2,500 crore-SBI stake in SBI Life post divestment will come down to 64 percent-No plans to sell more than 10% in SBI Life at this stage

Colgate Palmolive-Company opens new unit in Andhra: FE-Unit to produce 220 million pieces of toothbrush every year

IHCL-Window opens for Taj’s exit from Belmond (formerly Orient Express Hotels): BS-Belmond announced a share buyback program from class A common stock holders

GVK Power-Company to file for a USD 250 million IPO for airport unit soon: BS-Mandated Citigroup, JM Financial, Bank of America Merrill Lynch and Axis Capital for the same

Fund ActionJust Dial-Goldman Sachs Investments Mauritius I buys 14.40 lakh shares at Rs 1252/share-Goldman Sachs Singapore Pte buys 5 lakh shares at Rs 1252/share-Tiger Global Five Indian Holdings sells 9.18 lakh shares at Rs 1252.30/share-Tiger Global Four JD Holdings sells 14.81 lakh shares at Rs 1252.30/shareC Mahendra Exports-Bridge India Fund sells 3.55 lakh shares at Rs 9.24/share

Wipro CFO Suresh Senapaty to CNBC-TV18-Nomination committee will decide on successor for CEO post-COO Abid Ali Neemuchwala a possible contender for CEO post-Internal & external candidates will be considered for the CEO post-New acquisitions will be done only to fill the operational gaps-Will acquire in new tech, open source data & analytics-Seeing turnaround in Indian market, Europe remains under pressure-Cross-currency impact on Europe will be significant-Expect growth uptick in terms of revenue by FY16-Oil & gas, energy will continue to struggle-Traditional services witnessing pricing pressure-Yet to receive any communication from RBI on small bank licence

Corporate Affairs Ministry says-Amounts got from members, directors, relatives before April 16, 2014 are not 'deposits'Alert: MCA clarifies if amounts received from members, directors, relatives are 'deposits'-Companies must disclose amount in earnings for financial year starting on or after April 1, 2014

Ashok Leyland-Divests 48.5 percent stake in Ashok Leyland Wind Energy-Holds 11.5 percent stake in Ashok Leyland Wind Energy post divestment-Sold windmill assets on slump sale basis

SEBI issues discussion paper on alternate capital raising platform-Platform to raise fund to be initially applicable in software product development & e-commerce-New platform to have 2 category of investors- QIB & non-institutional-No QIBs shall be allotted more than 5 percent of the issue size-Listing on institutional platform shall be for a period of at least 1 year-Post-1 year, company will have option to compliance with requirements of exchanges-Minimum trading lot on institutional trading platform shall be Rs 5 lakh-QIB definition may be extended to include systematically important NBFCs-Any company recognised with SEBI with networth of Rs 500 crore may be considered as QIB

Government-Received 28 applications for FM radio phase III auction-28 applicants submitted earnest money deposit (EMD) of about Rs 316.91 crore-Companies applied for FM radio phase III auction are DB Corp, Reliance Broadcast, HT Media, ENIL & Sun TV

Reliance Communications realigns business units, expands role of Global Cloud Xchange CEOReliance Communications says-Global Cloud Xchange CEO Bill Barney to oversee enterprise, IDC operations in India-Bill Barney will also oversee national long distance operations in India

MCX-Sells 90.17 lakh warrants of Metropolitan Stock Exchange to IL&FSAlert: Metropolitan Stock Exchange was earlier known as MCX-SX-Sells 90.2 lakh warrants of Metropolitan Stock Exchange at Rs 2.50/warrant Pidilite Industries says-Board approves investment in Nina Waterproofing Systems-Initial investment in Nina Waterproofing Systems to be Rs 23.3 lakh-Board has also approved additional investment up to Rs 100 crore in Nina Waterproofing Systems

RBI-Issues draft directions on need for prior approval to acquire NBFCs-Proposes prior written permission for any takeover of NBFCs-NBFC should detail sources of funds of proposed shareholders acquiring shares in company

Other stocks and sectors that are in news today:-Real estate arm of Piramal Enterprises to invest Rs 1200 crore in Omkar group’s residential project: BL-Zicom ties up with Reliance Capital and two other firms to fund cloud projects: BL-LIC & Corporation Bank ink pact to implement ‘Pradhan Mantri Jeevan Jyoti Bima Yojana’: BL-Max Life Insurance and Lakshmi Vilas Bank have entered into a 5 years agreement for distribution of Max Life’s products in LVB’s branches: BL-Container Corporation now eyes handling cargo at Chennai airport: BL-Essar Steel seeks more loans of Rs 4000 crore: FE-JSPL: No Cartelization in Jindal coal bid, says government report: BS-Hinduja Global Solutions has acquired majority stake in the US-based Colibrium Partners and Colibrium Direct (Colibrium), for an undisclosed amount: ET-Reliance Power has has fully operationalised 3,960 MW Sasan UMPP by commissioning the sixth unit of 660 MW: ET-Oricon buys 70 percent of Oriental Containers for Rs 105 crore: PTI-Sesa Sterlite gets shareholders’ approval to change the name to Vedanta-Gujarat NRE Coke board approves amalgamation of NRE Metcoke, Bajrang Bali Coke with company-Chartered accountants' apex body ICAI has suggested that proposed cess of 2 percent for clean India initiative should be calculated on payable service tax instead of taxable services' value: PTI-Government Makes 'neem coating' of 75 percent domestic urea 'mandatory', likely to save Rs 6,500 crore subsidy outgo-SRF commissions phase 1 of two units at Dahej at cost of Rs 179 crore-Bajaj Hindusthan allots 17.08 crore equity shares to JLF lenders at Rs 20.77/share on conversion of funded interest term loan-NTPC says unit 2 of 200 MW Koldam Hydro power project commissioned today-Coal block allocation case: ED attaches assets worth Rs 2 crore of former union minister Dasari Rao: PTI-TD Power receives order from Diesel Locomotive Works, Varanasi to supply 10 traction alternators-United Spirits scheme of arrangement between company and Enrica effective today-Godrej Properties adds a new residential project in Bangalore