Stocks in news: Sun Pharma, Jubilant Life, TVS Motor, Sesa

Adani Group-China and South Korea are keen to buy coal from the Adani Group's USD 16-billion Carmichael coal mine project-Project located in the Galilee basin in Queensland, Australia: ET

Edelweiss-Public issue from ECL Finance of secured redeemable NCDs fully subscribed-Raises Rs 800 crore via the issue: BS

GMR Infrastructure-Plans to raise Rs 1,402 crore by selling shares to existing shareholders, in a bid to repay debt-Rights issue to consist of 93.45 crore fully paid up equity shares with face value of Re 1/share-Issue price is fixed at Rs 15/share: Mint

Bharti Airtel-Company has extended managed services contract with Swedish telecom equipment manufacturer Ericsson by another two years-Deal is estimated at over USD 200 million :ET

February auto sales: TVS Motor-Total sales up 15 percent at 2.04 lakh units (YoY)-Exports up 35 percent at 38,725 units (YoY)-2-wheeler sales up 15 percent at 1.95 lakh units (YoY)-3-wheeler sales up 23 percent at 9,056 units (YoY)February auto sales: Hero Motocorp-Total sales down 3.9 percent at 4.84 lakh units (YoY)February auto sales: M&M-Total sales down 9.8 percent at 38,033 units (YoY)-Exports up 10 percent at 3,115 units (YoY)-PV sales down 6.2 percent at 18,103 units (YoY)-Domestic tractor sales down 8 percent at 10,267 units (YoY)-Tractor exports up 13 percent at 1,170 units (YoY)-Total tractor sales down 35 percent at 11,437 units (YoY)February auto sales: Tata Motors-JLR india sales at 179 units versus 190 units (YoY)

Finance secretary Rajiv Mehrishi says-Government will amend RBI Act to form monetary policy panel-Government will continue with bond buyback programme-To complete bond buyback/ switch programme for FY15-Total amount of infra bonds to be decided by March-end-Unfair to say banks are not passing interest rate cuts-Main objective of monetary policy framework is to contain inflation-Government has lesser fiscal space due to 14th finance commission recommendations-Need to discuss composition of monetary policy committee with stakeholders-Inflation not a pressure area, but public investment is-To issue guidelines of gold monetisation scheme by May-Plan to set up Public Debt Management Agency (PDMA) in about 18 months-Instruments to achieve inflation target will be decided by RBI-Government plan to front load govt borrowing in FY16-RBI will fix inflation target as far as monetary policy is concerned-Government plans to share higher risks in public-private projects-Average oil prices are estimated to be 29 percent lower in FY16 YoY

DIPP issues press note on insurance FDIDIPP press note:-Insurance FDI up to 26 percent through automatic route-26-49 percent FDI in insurance through FIPB route-Insurance FDI allowed in IRDA-approved insurance intermediaries-49 percent FDI cap in insurance is composite in nature-Composite cap includes FDI, FPI, NRI, FVCI, DR-FDI allowed into insurance intermediaries in banking with conditions-Insurance intermediaries in banking can have FDI upto 74 percent-50 percent of revenue of banking insurance intermediaries must be from banking operations

Government says-No proposal to privatise airports at this stage-Began process for undertaking operations, management and development of 4 airports-4 airports are Chennai, Jaipur, Kolkata & Ahmedabad-Initiated process of public-private partnership for 4 airports-Looking to list AAI & Pawan Hans helicopter

RBI Releases Internal Working Group Report On Priority Sector Lending GuidelinesRBI panel on PSL guidelines-Target for lending to redefined priority sector at 40 percent of adjusted net bank credit (ANBC)-Target of 18 percent of ANBC retained for agri lending-Recommend sub-target of 8 percent of ANBC for small, marginal farmers-Recommend more flexibility to lend remaining 10 percent of overall agri loan target to other farmers, agri infra-No caps on loan limits stipulated to boost agri-infra & agri-processing-Medium enterprises also included in PSL lending ambit-Recommend sub-target of 7.5 percent for micro enterprises in phased manner-Sanitation, healthcare, renewable energy also included

Bombay High Court-To hear Financial Technologies (FTIL) versus corporate affairs ministry case today-Stays corporate affairs ministry's order filed with Company Law BoardAlert: FTIL challenged petition filed by corporate affairs ministry before CLBAlert: corporate affairs ministry petition sought removal of FTIL board

Coal ministry on coal block auction:-Finalises qualified bidders for schedule-III auctionAlert: Schedule-III coal block auction begins from March 4-Adani Power qualifies for 5 blocks in phase-II of auction-Hindalco qualifies for 2 coal blocks in phase-II of auction-Sesa Sterlite qualifies for 3 blocks in phase-II of auction-BALCO qualifies for 3 coal blocks in phase-II of auction-JSPL qualifies for 6 blocks in schedule-III auctions

Other stocks and sectors that are in news today:-Jubilant Life gets ANDA nod from US FDA for Montelukast sodium tablets (which is used for treatment of asthma)-Coal India ex-dividend Rs 20.70/share-State Bank of Travancore ex-rights 1:5-Circuit filter revision: Moser Baer from 10 percent to 5 percent-Coal India likely to miss annual production target: BS-LIC has increased stake in Reliance Industries by 2.1 percent, buys 6.78 crore shares in open market: BS-Ranbaxy Global HR head Udbhav Ganjoo quits: TOI-Yes Bank to raise USD 100 million from IFC for green bond, women-owned SMEs: BS-Tata Group: Tata Advanced Systems looks to manufacture planes in India: Mint-Zodiac Ventures - Outcome of board meeting: Approves merger of Zodiac Ventures with is subsidiary Zodiac Developers-Vodafone Group CEO says complexities, spectrum cost make India a difficult place-Hotel Leela to sell Goa, Chennai properties to cut debt-BSNL to slash 3G internet rates by 50 percent: PTI-Godrej Consumer completes acquisition of South Africa's Frika Hair-World Bank approves USD 500 million project to improve access to finance for MSMEs-IOC suspends international trade officer for allegedly leaking information: Reuters sources-Future Retail seeks shareholder approval to issue of securities on private placement basis for an amount not exceeding Rs 1500 crore-Shree Cement announces commissioning of cement mill section at Baloda Bazar near Raipur in Chhattisgarh-Sunstar Realty enters into an agreement to acquire 3600 square feet land at Kolkata-Mirza International: Board to meet today to consider & approve draft Scheme of amalgamation of M/s Genesis Footwear Enterprises with company-Gayatri Project has successfully commenced its first power project

Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.