Results today: Reliance Capital, HDIL, Shree Renuka sugars, Adani Power, Mundra Port, Jet Airways, Tata Chemicals, PTC India Financial Services, Gammon Infra, Lanco Infra, MOIL, Aftek, Hindustan National Glass, Educomp Solutions, GTL Infra, Pipavav Defence, Hathway cables, Gammon India, Great Eastern Shipping, Eros Intl, Den Networks, REI Agro, Mahindra Ugine, UTV Software, Financial Tech, JK Cement, Simbhaoli Sugars, Nitesh Estates, Parekh Aluminex, Solar Industries, Microsec Financial Services, Tilaknagar Industries, Store One Retail, Indosolar, Autoline Industries, Dishman Pharma, Jindal Saw, JK paper, Bartronics, Prime Focus, Varun Industries, Purvankara Projects
Wipro announces consolidation of Global IT business Wipro says -Anand Sankaran will lead Global Infra & Services -Single entity will accelerate growth -Single entity will build on leadership position
CCI sources say -Can't act versus airlines if price hike due to demand-supply gap -Need to assess merits of case -'Can act against airlines only if they acted in concert' -Looking into abuse of dominant position by airlines CCI: Competition Commission Of India -Airfares have spiked due to KFA cancellations -CCI probe against airlines began last December
Other stocks and sectors that are in news today: -UP sugar mills to move court over cane price -Reliance Mediaworks to split business into two to boost growth -Kingfisher in trouble? - 130 pilots quit - TOI -Angry lessors plan to seize aircraft given on lease; DGCA demands explanation for mass cancellation of flights - ET -Infosys suffers a jolt in US visa-fraud case; Federal Judge rules against arbitration, with court to decide on the case (ET) -Attorney General endorses CBI probe in Essar-Loop case; with CBI to charge Essar promoters for cheating & conspiracy (ET) -Jaypee Group may acquire Andhra Cements for Rs 155 crore; may buy GP Goenka's entire 45% stake & launch an open offer for 26% (ET) (CMP: Rs 10.96) ((M-cap: Rs 160 crore)) -Jindal Steel's Bolivian Ore reserves face govt takeover threat; company insisting its share of iron ore secure (ET) -UK based TCI asks govt to persuade Coal India to buy back shares worth Rs 43000 crore to boost the company's value (ET) -Lock in norms for FDI in real estate may be relaxed; profits above the ceiling of USD 5 million can be repatriated (FE) -REC blocks Rs 400 crore loan to Bengal power firm for failing to revise tariff (FE) -Govt moots 100% FDI in single brand; move to encourage more foreign players (TOI) -Blackstone, Carlyle set to buy Reliance Communications towers for around USD 3.5 billion; deal likely to happen by December (TOI) -Ratan Tata may remain head of group trusts; may play an indirect role in group beyond December next year (BS)
DLF Q2 -Consolidated net profit at Rs 372 cr vs Rs 418.4 cr (YoY) -Consolidated net sales at Rs 2,532 cr vs Rs 2,369 cr (YoY)
Tata Steel Q2 -Consolidated net profit at Rs 212 cr vs Rs 1,978.8 cr (YoY) -Net sales at Rs 32,507.5 cr vs Rs 28,090.9 cr (YoY)
Cadila Health Q2: -Consolidated net profit at Rs 100 cr vs Rs 170 cr -Consolidated net sales at Rs 1,220 cr vs Rs 1,110 cr
IRB Infra Q2: -Consolidated net profit at Rs 110 cr vs Rs 99 cr (YoY) -Consolidated net sales at Rs 736 cr vs Rs 490 cr (YoY)
Hindalco Q2: -Standalone net profit at Rs 502.5 cr vs Rs 433.8 cr (YoY) -Standalone net sales at Rs 6,220.5 cr vs Rs 5,859.9 cr (YoY)
Cummins Q2 -Standalone net profit at Rs 128.6 cr vs Rs 167.9 cr (YoY) -Standalone net sales at Rs 1,069.8 cr vs Rs 1,067.5 cr (YoY)
Moser Baer Q2: -Standalone net loss at Rs 62 cr vs loss of Rs 71.7 cr (YoY) -Standalone net sales at Rs 532 cr vs Rs 515.7 cr
Mahindra Satyam Q2: -Net profit at Rs 238 cr vs Rs 225.2 cr (QoQ) -Revenue at Rs 1,577 cr vs Rs 1,434 cr (QoQ) -EBITDA margins at 15.32% vs 14.64% (QoQ)
GMR Infra Q2: -Consolidated net loss at Rs 62.5 cr vs profit of Rs 62 cr (YoY) -CNBC-TV18 Alert: Previous year reported PAT included Rs 140 cr of exceptional items -Consolidated net sales at Rs 1,812.3 cr vs Rs 1,222 cr (YoY)
Tata Comm Q2 -Consolidated net loss at Rs 165 cr vs Rs 203 cr (YoY) -Consolidated net sales at Rs 3,374 cr vs Rs 2,961 cr (YoY)
Eicher Motors Q3 -Consolidated net sales at Rs 1,438 cr vs Rs 1,092 cr (YoY) -Consolidated net profit at Rs 73.7 cr vs Rs 38.6 cr (YoY)
HOEC Q2 -Net profit at Rs 4.1 cr vs Rs 17 cr (QoQ) -Net sales at Rs 30.9 cr vs Rs 61.74 cr (QoQ)
Neyveli Lignite Q2 -Net profit at Rs 278 cr vs Rs 274 cr -Net sales at Rs 1,159 cr vs Rs 1,063 cr
Voltas Q2 -Consolidated net profit at Rs 41.8 cr vs Rs 92.4 cr -Consolidated net sales at Rs 1,102 cr vs Rs 1,063 cr
