Stocks in news: Sun Pharma, Kernex, GMR, RCF, Dr Reddy's

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Here are stocks that are in news today:

Fund Action-Morgan Stanley (Singapore) sold 14.9 lakh shares of Granules India at Rs 85.12/share-Shipla Porinju Veliyath bought 70,000 shares of IZMO at Rs 54.21/share

Adani Power-7.8 crore shares (2.65 percent equity) pledged shares of the company have been released-Shares belonged to promoter holding company Ventura Power

Skill Development Ministry says-Will ensure a new paradigm for ITIs in the country-Private sector partnership crucial for skill development mission-Will initiate several PPP projects in skill development-Will ensure convergence for all skill development programmes under central government-Skill development mission to be formally launched on July 15

Organization of the Petroleum Exporting Countries (OPEC)-Raises 2015 oil demand growth forecast to 1.28 million barrels per day (bpd)-Forecasts 2016 oil demand growth at 1.34 million bpd-Cuts demand forecast for its crude to 29.2 million bpd in 2015-Sees demand for its crude at 30.1 million bpd in 2016-Forecasts total oil consumption at 92.61 million bpd in 2015-Non-OECD countries likely to lead oil-demand growth in 2016-Revises up 2015 non-OPEC supply-growth forecast to 0.86 million bpd-Expects US oil demand to grow by 0.28 million bpd in 2016-Growth in US oil demand to be driven by projected rise in economic growth-Oil production inched higher to 31.38 million bpd in June-Output increased mostly from Iraq, Nigeria & Saudi Arabia

Madhu Kapur versus Yes Bank-RBI to be made party to Kapur's petition w.r.t reappointment of 2 directors-Bombay High Court to next hear the case on July 27

Bombay HC observes-Madhu Kapur cannot challenge every aspect of the order-Yes Bank has right to go back to RBI seeking reappointment of 2 directors-Resolution passed in last AGM on reappointment subject to RBI approval

Essel Propack divests arm Packaging India to Amcor Flexibles India-Enterprise value of divested business is Rs 165 crore

June CPI inflation at 5.4 percent versus 5.01 percent (MoM)Alert: June CPI Inflation at 4-month high-Core CPI inflation at 4.85 percent versus 4.7 percent (MoM)-Food inflation at 5.48 percent versus 4.8 percent (MoM)-Rural inflation at 6.07 percent versus 5.52 percent (MoM)-Urban inflation at 4.55 percent versus 4.41 percent (MoM)-Vegetable price inflation at 5.37 percent versus 4.64 percent (MoM)-Combined fuel & light inflation at 5.92 percent versus 5.96 percent (MoM)-Clothing, footwear inflation at 6.34 percent versus 6.12 percent (MoM)-Cereals & products inflation at 1.98 percent

Foreign Investment Promotion Board (FIPB) approves 23 investment proposals-FIPB approves proposals of Mylan, Bandhan, Glaxo & DEN Networks-FIPB defers proposals of Sistema Shyam, Reliance Globalcom-FIPB defers proposal of Volkswagen due to policy issues-FIPB clears foreign equity participation for Bandhan

HCL Technologies-Enters into asset purchase agreement with Trygstad-To acquire certain assets of US-based company Trygstad in all cash deal

Finance Minister Arun Jaitley says-Government fully committed to goal of universal social security-Government will bring about other variants of social security schemes in future-More social security schemes to bring max number of people under their ambit-7.84 crore people registered under Pradhan Mantri  Suraksha Bima Yojana, 2.70 crore under Pradhan Mantri Jeevan Jyoti Bima Yojana, 4.69 lakh join Atal Pension Yojana

Jay Bharat Maruti Q1-Net profit up 17.6 percent at Rs 8 crore versus Rs 6.8 crore (YoY)-Total income up 3.7 percent at Rs 321.4 crore versus Rs 310 crore (YoY)

Petron Engineering Q1-Total Income At Rs 124.1 crore versus Rs 89.5 crore (YoY)-Net profit at Rs 10 crore versus Rs 2.8 crore (YoY)

Ashiana Housing-Enters into development agreement with Bengal Shriram Hi Tech City-Pact with Shriram Hi Tech City for development of senior living & regular housing project-Entire project will have a total saleable area of approximately 1.8 million square feet

Rashtriya Chemicals-In MoU with state concern Turkmenhimiya on supplies of urea in 2015-18-In MoU to explore opportunities on muriate of potash & other chemical products’ supply

Titagarh Wagons-Closes QIP issue; issue price for QIP at Rs 99.41/share-Issue price for QIP at 5 percent discount to floor price of Rs 104.64/share-Allots up to 1.51 crore shares worth Rs 150 crore to QIBs

US FDA audits Sun Pharma’s API facility in Ahmednagar: Sources-U S Food and Drug Administration finds two minor observations on compliance in Ahmednagar unit-US FDA observations not severe in nature, may not hinder approvals-US FDA audit may have been triggered by a product filing from SPARC-Company’s unit in Halol already under US FDA scanner since September 2014 -Company looking at site transfers, conditional approval for certain products-Sun Pharma to CNBC-TV18: Company has no comment to offer

Other stocks and sectors that are in news today:-GMR-Megawide in race to acquire operations of five Philippine airports worth USD 2.4 billion-IOC to invest USD 4 billion in natural gas and proposed LNG project in British Columbia: FE-Reliance Power asks coal ministry to lift curbs on Sasan mining: ET-HCL Technologies to expand its creative team to win digital deals: ET-SBI MF cuts its stake in McDowell Holdings by 3 percent to 5.77 percent-HDFC Portfolio Management Services exits Marvel Realtors with 90 percent returns: ET-MCX launches globally linked gold contract: BS-JSW Steel: Q1 crude steel production up 10 percent at 3.4 million tonnes versus 3.1 million tonnes (YoY)-Dr Reddy's Labs launches Memantine hydrochloride tablets in US (is a generic version of Namenda)-SBI ties up with BankBazaar.com for home loans-BSE fines 530 companies for non-compliance of appointment of woman director-TCS announces premier partnership with Adobe for digital marketing solutions-Kernex Microsystems board to consider sale of some of immovable properties of company on July 15-Thomas Cook says Bombay High Court approves merger of Sterling Holidays and Thomas Cook Insurance with company-Ramco Systems signs multi-million dollar deal with Cobham Aviation Services-Fairfax India to acquire 26 percent stake in IIFL for Rs 1,621 crore