Stocks in the news: Tata Steel, Cipla, Idea, Bharti Airtel, Dr Lal, BoI, J Kumar Infra

Saksoft Q1
-Net profit at Rs 2.82 crore versus Rs 2.30 crore (YoY)
-Revenue at Rs 11.75 crore versus Rs 12.66 crore (YoY)
-Total income at Rs 329 crore versus Rs 130 crore (YoY)

Dhunseri Petro Q1
-Net profit at Rs 6.1 crore versus Rs 35.83 crore (YoY)
-Revenue at Rs 203 crore versus Rs 6.9 crore (YoY)

Grauer & Weil Q1
-Net profit down 5.9 percent at Rs 12.8 crore versus Rs 13.6 crore (YoY)
-Revenue up 14.4 percent at Rs 119 crore versus Rs 104 crore (YoY)

Bharti Airtel
-To sell 3.7 percent stake or 67.5 million shares in Bharti Infratel
-To sell Bharti Infratel shares worth USD 400 million
-To sell Bharti Infratel shares in Rs 378-Rs 397.85/share price range
-Share sale at up to 5 percent discount to the last closing price

Shell Companies
-SEBI releases names of 331 suspected shell companies as identified by corporate affairs ministry
-Suspected shell companies: Gallantt Ispat, J Kumar Infra, Pincon Spirit, Parsvnath Developers, Prakash Industries, SQS BFSI, Rohit Ferro, REI Agro, Assam Company
-Trading shall be placed in stage VI of the GSM (graded surveillance measure) w.e.f today
-Trading shall be permitted only once a month under T2T category
-Any upward price movement shall not be permitted beyond last traded price
-Trading permitted once a month (first monday of the month) under T2T category
-Exchanges shall initiate a process of verifying credentials / fundamentals
-Exchanges shall appoint independent auditor to conduct audit
-Compulsory delisting will be done if credentials about existence not found

Idea Cellular
-Idea-Vodafone deal gets SEBI's conditional nod: PTI
-Idea-Vodafone deal subject to regulator's ongoing probe
-Idea-Vodafone deal subject to approvals by public shareholders, NCLT
SEBI
-Received complaint on Idea promoter buying shares before deal announcement
-Share purchase by Idea promoter in violation of securities laws

GIC
-Files draft red herring prospectus for IPO with SEBI
-To issue 12.47 crore shares comprising 14.22 percent of capital via IPO
-To raise fresh equity via issue of 1.7 crore shares in IPO
-GIC says government to sell 10.75 crore shares in OFS via IPO

M&M
-Deepak Parekh would cease to be director of company from August 8, 2017
-Deepak Parekh completes his tenure as an independent director

Other stocks and sectors that are in news today:
-Cipla gets US FDA nod for HIV Drug, Nevirapine
-Edelweiss - ICRA has assigned the rating of 'A1+' to the proposed commercial paper programme of Rs 8,000 crore
-ICRA has assigned a long-term issuer rating of IrBBB- (pronounced I R triple B minus) to Indotech Transformers
-Allahabad Bank issues 5.6 crore shares to government at Rs 73/share
-Century Enka - Short term rating upgraded to CRISIL A1+ from A1
-Dr Lal PathLabs to acquire company in Bangaldesh
-ONGC Videsh to invest USD 150 million in Colombia, Kazhakasthan and Bangladesh: ET
-Reliance Capital to file DRHP for MF arm IPO: ET
-Britannia Industries to build Rs 1,000 crore plant in Maharashtra
-GAIL seeks to renegotiate US LNG price deal over changed market: ET
-Hindalco board to consider raising Rs 4,400 crore via debt
-Ambuja Cements, Dalmia Bharat, among bidders for Murli Industries' cement and paper assets: Mint
-Adani Enterprises in focus - Abu Dhabi Investment, Blackstone vie for Rs 1,600 crore Adani biz park deal in Mumbai: ToI
-Kotak Mahindra Bank won't reduce rates on deposits
-NTPC to buyout UP government stake in Meja Power JV
-For July: Karur Vysya Bank cuts overnight, one-month & 3-month MCLR by 5 bps to 8.75 percent from 8.80 percent
-Punjab & Sind Bank keeps MCLR unchanged at 8.75 percent w.e.f August 7