Stocks in news: Tech Mahindra, USL, Fin Tech, SPARC

Deloitte may challenge PwC report on MCXMCX board:-Refers Rajesh Export case to default committee-Refers Bullberg Commodities case to default committee-Default committee to take a call on defaulters

Financial Technologies may sell stake in MCX, other exchanges

Financial Technologies (FTIL) appoints committee to oversee restructuring plan-Committee will comprise of 2 non-executive independent directors-Committee to include Venkat Chary, S Rajendran, Berjis Desai-Committee to include legal advisor, whole time director Dewang Neralla-Restructuring plan to include exploring possibility of identifying strategic partner-Restructuring plan to also include FTIL divesting up to 24 percent in MCX-Committee may also consider divestment of FTIL’s investment in other exchanges-Committee to appoint an investment bank to conduct bidding process for divestments-Founder & CEO of Ican Advisors, Anil Singhvi appointed as corporate financial adviser-Committee given not more than 120 days times

Maruti Suzuki on Gujarat project:-Suzuki's Gujarat arm to not make losses or cash surpluses-Cost of production to be calculated in same way as Haryana unit-Cost of production not to include return on investment and profit-Capex needs to be met by depreciation amount at arm-Capex needs to be met by amount got via net surplus from pricing-Capex needs to be met by Suzuki infusing fresh equity-Capex needs to be determined by Maruti and arm-Arm assets to be transferred to Maruti if manufacturing agreement expires-Assets to be transferred if agreement not extended via consent

Hero MotoCorp says-Launched operations in Turkey-In pact with AsyaMakina to distribute products in Turkey-Targeting presence in 50 global markets by 2020

Urea companies in focus – positive for Rashtriya Chemicals and Fertilisers, National Fertilizers and Chambal Fertilisers-CCEA to consider raising urea fixed cost to Rs 350/tonne Shree Renuka Sugars open offer at Rs 21.8/share-Offer opens on April 12, closes on May 5-Board gave in-principle nod for rights issue at price not exceeding Rs 16/share

Coal ministry invites bids to auction 3 coal blocks-Offers Jhirki & Jhirki West Coalfields in auction-Offers Tokisud-II coalfield in Jharkhand for auction

SEBI exempts government from making open offer on UCO Bank stake hikeAlert: Government's UCO Bank stake to increase to 77.2 percent from 69.3 percent

SEBI-Fines Lanco Infratech director for insider trade norms violation-SEBI fines Lanco Infratech director Manocha Rs 10 lakh

BHEL-Empowered group of ministers (EGoM) likely to decide on timing of block deal-Intend to raise about Rs 1500-1600 crore for the government

ITI-Cabinet to meet today-Likely to announce another revival package for this sick PSU company-ITI might get centre’s help to the tune of Rs 32 crore per month

BSE changes-Arvind to replace Castrol India in S&P BSE 200 effective today-Indraprastha Gas to replace Castrol India in S&P BSE Oil & Gas-Castrol India will be excluded from S&P BSE 500, S&P BSE 500 Shariah -BSE to change circuit filters on 7 stocks from today

MSCI changes-Lupin, Power Grid, Zee Entertainment to be deleted from MSCI standard index-Will get effective after markets close Today

Mahindra CIE Automotive-Blackrock Investment (UK) buys 8.91 lakh shares at Rs 77/share on BSE-Blackrock India Equities Fund (Mauritius) Limited buys 6.23 lakh shares at Rs 77/share on NSE-The RBS Plc as depository of First State Indian Subcontinent FD a Sub FD of 1st St sells 5.23 lakh shares at Rs 77/share-The RBS Plc as depository of First State Indian Subcontinent sells 5.23 lakh share at Rs 77/share VST Industries-Government of Singapore buys 2.07 lakh shares at Rs 1590/share-HDFC Mutual Fund sells 2.07 lakh shares at Rs 1590/share

Dena Bank to issue shares to LIC, General Insurance at Rs 52.91/share-Swati Piramal resigns as non-executive director of ICICI bank

Arvind-JV sets up Bangalore unit to make 35000 jackets per year-Arvind says see Rs 100 crore revenue from JV in a year

Sun Pharma Advanced Research Company (SPARC) -Filed application for Latanoprost okay in USAlert: Sun Pharma Advanced's Latanoprost is glaucoma medication-Mulling options to commercialise Latanoprost

M&M's Pawan Goenka to CNBC-TV18-Have entered into a formal partnership with Bhutan government-Bhutan government has announced zero duty on electric vehicles-Bhutan 1st government to come up with electric vehicle program-Launched E2O; to Launch Verito, Maximmo later this year-Nissan launched electric car Leaf last week-Will introduce slew of other vehicles in Bhutan later

Infosys says-In process of forming new subsidiary for products & platform business-Finacle not to be a part of this subsidiary

Final bids date for Odisha and Tamil Nadu UMPP extended by 8-10 weeksAlert: Final bids for Odisha and TN UMPP were to open on February 26

KPIT Technologies says-Reports of company selling minority stake false & unsubstantiated-No proposal at board or management level for stake sale

Nitin Fire says-Bought back 13.6 lakh shares for Rs 7.69 crore-Last date for buyback of equity shares will be February 28

Other stocks and sectors that are in news today:-DK Sarraf appointed new CMD of ONGC: PTI-US based Polaris Industries exploring JV with Eicher Motors: DNA-IOB to allot up to 8.15 crore preference shares to LIC-IOC stake sale EGoM today: Price decision likely-JSW Holdings: Barclays Capital Mauritius Limited sells 60000 shares at Rs 596.25/share-Reliance Capital: Janus Overseas Fund sells 25 lakh shares at Rs 310.12/share-Welspun India: Krishiraj Trading Limited buys 5.26 lakh shares at Rs 101.45/share-Moody's assigns Baa3 rating to BPCL proposed senior unsecured note-iGate wins 5-year contract worth USD 35 million from Swedish Company-Titan Company in JV pact with Montblanc Services for single brand retail trade-Ramky Infra in talks to raise Rs 900 crore from asset sale: ET-Punjab and Sindh Bank's Mukesh Jain tipped to head United Bank of India: Reports-Venus Remedies gets nod from Myanmar to launch Elores in April-IL&FS Transport board to meet on March 4 to fix price for rights issue-OnMobile Global CFO Rajesh Kunnath resigns effective March 28-Finance ministry sources say banking licence matter to be taken up by RBI board on March 6