Banks, Money market impact due to new RBI governor Rate sensitives in focus: Auto, real estate stocks may sag. Urjit Patel is an inflation warrior. Market had priced in a dovish governor. Equity market may postpone rate cut expectations. Expect rate sensitives to sag.Demerger Matrix: Fortis Malar's hospital business to be sold to Fortis Health for Rs 43 crore. Fortis Health to demerge diagnostics business. Diagnostics biz to be merged with Fortis Malar & renamed SRL. shareholder of Fortis to get 0.98 share of SRL. Sun TV: Sun TV Network reported a 19 percent increase in net profit at Rs 233.1 crore for the first quarter ended June. The company had posted a net profit of Rs 195.8 crore in the same period last year. Sun TV's income from operations stood at Rs 760.8 crore in the reported quarter, up 10.4 percent, from Rs 689.5 crore in the year-ago period, the company said in a BSE filing. During the quarter, subscription revenue grew 22 percent to Rs 232.1 crore.Oberoi Realty: Oberoi Realty's consolidated net profit increased by 33 percent to Rs 108.88 crore for the quarter ended June.
Its net profit stood at Rs 81.93 crore in the year-ago period.
"The company has recorded consolidated revenue of Rs 330 crore for Q1, FY17 as against Rs 219 crore for Q1, FY16," the Mumbai-based developer said in a statement.
The aggregate area booked during April-June quarter of this fiscal stood at 1.47 lakh sq ft as against 0.81 lakh sq ft booked in the corresponding period of the previous year.
The order book stands at Rs 3,993 crore as against Rs 2,705 crore at the end of first quarter of last fiscal.Welspun India: Target Corp to end all business with company. Target says, company sent another type of cotton in place of Egyptian cotton. Total consignment to Target included 7,50,000 sheets and pillowcases.Claris Lifesciences: Drug firm Claris Lifesciences reported a 14.3 percent increase in its consolidated net profit at Rs 22 crore for the first quarter ended June 2016. The company has reported a net profit of Rs 19.2 crore in April-June a year ago, Claris said in a BSE filing. Claris total income from operations on consolidated basis was up 6.8 percent at Rs 199.8 crore during the quarter under review as against Rs 187.1 crore in the previous fiscal.DCW, Gujarat Alkalies: Finance Ministry extends anti-dumping duty on caustic soda imports from Taiwan. Finance Ministry extends anti-dumping duty for 1 year. Existing anti-dumping duty, imposed in Aug 2011, would have lapsed on August 23.Arss Infra: Arss Infra bags order worth Rs 53 crore in a joint venture. Order for doubling lanes and allied works from East Coast Railway.IL&FS Engg: IL&FS Engg JV bags Rs 136.26 crore turnkey transmission line project in Gujarat from PGCIL. New project to be completed in 23 months.Other stocks in focus are SAIL and Hindustan Unilever.
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