Stocks in news: Reliance Industries, L&T, Asian Paints

Here are stocks that are in news today:

Results Today – L&T, Asian Paints, ING Vysya Bank, Vakrangee Software, Piramal Glass, Parry Sugar, Onward Technologies, Mangalore Refinery and Petrochemicals, IL&FS Investment, HOEC, HFCL, Foseco India, Blue Star, Just Dial (Yearly Results)

2G Trial Court:
-Grants CBI plea; Anil Ambani & wife to appear as witnesses
-Anil Ambani, wife & 11 others summoned as witnesses in case
-Accepts CBI plea to summon additional witnesses

2G case update:
-CBI seeks to question Anil Ambani and wife on seven issues
7 issues include the followings
-Decision on inter-locking equity structure
-Decision on corporate structure of Swan Tele
-May incorporate shell companies including Swan Tele
-Investments/divestments into/out of Swan Tele
-Decision to apply for UASL licence for Swan Tele
-Decision to pursue Swan Tele's UASL application
-Decision to transfer Swan Tele to DB group

Texmaco Rail (CMP Rs 36)
-Board okays acquisition of 19.37 lakh shares (15.63 percent) of Kalindee Rail promoters
-To buy Kalindee Rail promoters’ stake at Rs 68/share
-To make open offer for up to 49.52 lakh shares (30 percent) of Kalindee

Wockhardt says
-Have received warning letter from US FDA on Waluj facility
-Letter lists observations made during Waluj unit inspection
-Initiated several corrective actions to resolve matter

CNBC-TV18 exclusive: sources on Jet Airways-Etihad
-To revise agreement; resubmit to regulatory authorities by July-end
-Etihad open to amending clauses pertaining to voting rights of Jet Airways chairman
-Etihad unwilling to give up right of first refusal (ROFR) clause
-Etihad believes its investment not protected without ROFR
-Etihad unwilling to give up tag-along rights
-Etihad open to substitution or changes tag-along rights
-Etihad open to changes prescribed by SEBI w.r.t definition of control
-Etihad may forgo rights to elect investor directors

Other stocks and sectors that are in news today:
-Zuari Industries shelves Rs 5000 crore urea project in Karnataka – BL
-Govt planning to raise import duty on consumer goods deemed to be luxuries – ET
-RBI allows loans of new ultra mega power projects to be regarded as secured debt – ET
-Saroj Poddar of Adventz group keen to buy Mallya's stake in Mangalore Chemicals – FE
-Monnet Ispat may abort USD 1.5 billion Jharkand steel plant project
-FIPB to consider Jet-Etihad deal on July 29: PTI
-Petron Engineering bags orders worth Rs 135 crore
-Inter-ministerial group (IMG) meet on performance of coal blocks on July 26

Reliance Industries (RIL) Q1
-Net profit at Rs 5,352 Crore Versus Rs 5,589 Crore (QoQ)
-Net sales at Rs 87,645 Crore Versus Rs 84,198 Crore (QoQ)
-Other income at Rs 2,535 Crore Versus Rs 2,243 Crore (QoQ)
-Other income on account of profit on sale of investments
-Gross refining margin (GRM) at USD 8.4/barrel Versus USD 10.10/bbl (QoQ)
-Petchem revenue at Rs 21,950 Crore Versus Rs 22,158 Crore (QoQ)
-Petchem EBIT margin at 8.6 percent Versus 8.5 percent (QoQ)
-Petchem net profit at Rs 1,888 Crore Versus Rs 1,895 Crore (QoQ)
-Refining revenue at Rs 81,458 Crore Versus Rs 77,872 Crore (QoQ)
-Refining EBIT margin at 3.6 percent Versus 4.5 percent (QoQ)
-Refining net profit at Rs 2,951 Crore Versus Rs 3,520 Crore (QoQ)
-Oil & Gas revenue at Rs 1,454 Crore Versus Rs 1,597 Crore (QoQ)
-Oil & Gas EBIT margin at 24.2 percent Versus 28.8 percent (QoQ)
-Oil & Gas net profit at Rs 352 Crore Versus Rs 460 Crore (QoQ)
-EBITDA margin at 8.1 percent
-Cash & cash equivalents at Rs 93,066 Crore
-Shale gas revenue improved 84 percent (YoY)
-Retail revenue improved 53 percent (YoY)
-Exports at Rs 57,026 Crore

RIL's Mukesh Ambani says:
-Achieved strong results in Q1
-Robust growth in Petchem demand augurs well
-Registered 53 percent growth in retail business

RIL says:
-Outstanding debt at Rs 80,307 Crore as on June 30
-Fall in production from KG-D6 due to geological complexity
-Shale Gas growth momentum remains strong
-Jamnagar Refineries processed 17.1 mt of crude in Q1
-Jamnagar refineries utilisation Rate at 110 percent
-North America refineries' utilisation rate at 84.6 percent
-Europe refineries' utilisation rate at 78.8 percent in Q1
-Asia refineries' utilisation rate at 84.6 percent in Q1
-Board approves merger of Reliance Energy Generation & Distribution (REGDL) with company

RIL CFO Alok Agarwal says:
-Govt approved capex for MA1, D1D3 for FY14
-Yet to submit development plans for MJ1
-New gas price formula, step in right direction
-Optimistic about Petchem margins going forward
-GRMs fell Q-o-Q due to lower gasoline & diesel cracks in Q1
-Holding cash for investments; maximum capex seen in FY15, FY16
-KG-D6 daily production in Q1 at 15 mmscmd
-Retail same-store-sales growth in range of 15-20 percent
-FY14 EBITDA from Shale Gas may be USD 600 million at current rate

Bajaj Holdings Q1:
-Consolidated net profit at Rs 443 Crore Versus Rs 349 Crore (YoY)
-Consolidated net sales at Rs 141.3 Crore Versus Rs 72.4 Crore (YoY)

CRISIL Q2: 
-Consolidated net profit at Rs 60.5 Crore Versus Rs 49.6 Crore (QoQ)
-Consolidated net sales at Rs 265.7 Crore Versus Rs 254.5 Crore (QoQ)

JK Paper Q1:
-Net profit at Rs 1.4 Crore Versus Rs 14.1 Crore (YoY)
-Net sales at Rs 420.5 Crore Versus Rs 410 Crore (YoY)

Federal Bank Q1:
-Net profit at Rs 106 Crore Versus Rs 190 Crore (YoY)
-NII at Rs 509 Crore Versus Rs 491 Crore (YoY)
-Gross NPA at Rs 1,483 Crore Versus Rs 1,554 Crore (QoQ)
-Gross NPA at 3.51 percent Versus 3.44 percent (QoQ)
-Net NPA at Rs 373.6 Crore Versus Rs 431.9 Crore (QoQ)
-Net NPA at 0.91 percent Versus 0.98 percent (QoQ)
-Capital adequacy ratio at 14.27 percent as on June 30 (Basel III)
 
HT Media Q1:
-Consolidated net profit at Rs 47.5 Crore Versus Rs 40.6 Crore (YoY)
-Consolidated total income from operations at Rs 540.9 Crore Versus Rs 489.9 Crore (YoY)

Moody's: 
-Weak rupee to stoke India's inflation, fiscal pressures
-Weak rupee limits policy response to growth slowdown     
-Steep rupee depreciation is not unprecedented
-RBI's recent steps may arrest pace of rupee fall
-Limited chance of significant Rupee appreciation this year

Supreme Court:
-Adjourns case on bulk diesel sale pricing for 2 weeks
-Refuses stay on HCs' orders on bulk diesel sale pricing for now
-Observes need for balance between interest of oil companies and public