Here are stocks that are in news today:
Results today: Infosys, HDFC Bank, Hindustan Unilever, Idea Cellular, Eicher Motors, Asian Paints, Cairn India, Indiabulls Housing Finance, Whirlpool of India, Bayer Crop, Can Fin Homes, Century Plyboards, Edelweiss, Honeywell Automation, Sanofi India, SKF India, Supreme Petrochem, Tata Sponge Iron, Welspun Corp
Sun Pharma says-FY16 consolidated revenue to remain flat or show a decline over FY15-FY16 consolidated profit may also be impacted due to expenses because of integration-Continue to strengthen & build leadership position in key markets-Have recently strengthened ophthalmology & OTC teams in US-Continue to explore opportunities to expand our global footprint-May incur certain charges in order to generate synergies from Ranbaxy merger-Merger may lead to discontinuation of certain non-strategic businesses-Target for synergy benefits from Ranbaxy acquisition up by 15-20 percent versus target of USD 250 million by FY18
Coal block case update:-Government moves Supreme Court against High Court order in favour of Jindal Steel & Power (JSPL) w.r.t change of end use-Supreme Court issues notice to JSPL-Supreme Court directs government to maintain status quo on blocks under question-Supreme Court to next hear the case in second week of September
Government moves SC, seeks penalty dues of Rs 5,000 cr from minersGovernment to SC-SC order prescribed penalty of Rs 295 per tonne of coal mined-Most miners have paid, about a dozen yet to pay-Unpaid penalty dues add up to Rs 5,000 crore-Miners in default not responding to government communication
Supreme Court-Issues notice to miners in default-Allows window for compliance-Payment of penalty will exempt company from personal appearance-To next hear the matter on September 7
SC dismisses Rathi Steel's plea seeking stay on framing of charges-SC directs Rathi Steel, promoters to face trial before special court-Rathi Steel had moved SC against framing of charges in coal block case
Nestle versus FSSAI case-Bombay High Court to continue hearing Nestle versus FSSAI case today-Bombay High Court asks Nestle for clarification under Section 22 and 34 of Food Safety Act
YES Bank files appeal before Bombay High Court-YES Bank challenges single bench order on Madhu Kapur case on joint right of nomination
Sun Group-Moves Delhi HC against rejection of application to participate in phase-III FM auctions-Moves Delhi High Court, seeks stay on phase-III FM auctionsSun Group says-Have been wrongly refused the right to bid in FM auctions
Bharti Airtel-Company & Orange in exclusive agreement for 4 Airtel subsidiaries in Africa-Orange may acquire company's arms in Burkina Faso, Chad, Congo, Sierra Leone
Piramal Realty to sell stake to Goldman Sachs, Warburg Pincus: Sources-Goldman Sachs, Warburg Pincus to invest Rs 1,500 crore in Piramal Realty-Goldman Sachs, Warburg to get around more than 25 percent stake in Piramal Realty-Deal values Piramal Realty at over Rs 4,500 crore-Piramal Realty to develop land parcel of Mafatlal Mills, Gulita-Piramal Realty to develop land parcels in Thane, MulundAlert: Piramal Group did not respond to CNBC-TV18 query
Hindustan Zinc Q1-Net profit up 18.7 percent at Rs 1,921 crore versus Rs 1617.7 crore (YoY)-Total income up 20.7 percent at Rs 3,630.2 crore versus Rs 3,007 crore (YoY)-EBITDA up 22.8 percent at Rs 1,660 crore versus Rs 1,352 crore (YoY)-Operating margin at 45.7 percent versus 45 percent (YoY)-Other income at Rs 563.7 crore versus Rs 717.4 crore (YoY)-Tax expense at Rs 128.7 crore versus Rs 242.2 crore (YoY)
Tata Coffee Q1-Consolidated net profit at Rs 25.4 crore versus Rs 30.3 crore (YoY)-Consolidated total income at Rs 396 crore versus Rs 374.5 crore (YoY)
LIC Housing Finance Q1-Net profit at Rs 382 crore versus Rs 322.3 crore (YoY)-NII at Rs 659 crore versus Rs 506.2 crore (YoY)
Sasken Communications Q1-Consolidated net profit at Rs 9.8 crore versus Rs 2.9 crore (QoQ)-Consolidated total income at Rs 109.3 crore versus Rs 104.4 crore (QoQ)
Kitex Garments Q1-Net profit at Rs 16 crore versus Rs 14.4 crore (YoY)-Total income at Rs 109.1 crore versus Rs 102.7 crore (YoY)
Tinplate Q1-Net profit at Rs 22.8 crore versus Rs 10.6 crore (YoY)-Total income at Rs 229 crore versus Rs 184 crore (YoY)
CCL Products Q1-Consolidated net profit at Rs 30.3 crore versus Rs 20.2 crore (YoY)-Consolidated total income at Rs 219.6 crore versus Rs 175.6 crore (YoY)Rane Brake Q1-Net profit at Rs 4.8 crore versus Rs 3.6 crore (YoY)-Total income at Rs 103.6 crore versus Rs 101.6 crore (YoY)
Other stocks and sectors that are in news today:-SpiceJet’s promoter Ajay Singh pledges nearly 34 percent of his stake in company-Punjab National Bank’s Rs 9000 crore bad loan sale stuck due to absence of full time executive: BS-Zydus Cadila to set up injecatbles unit in Gujarat: FE-IOC to invest Rs 1000 crore to raise stake in Chennai Petroleum-Tata Motors to hire Accenture to aide in ‘organizational effectiveness’: ET-Aptech ropes in Flipkart to train sellers-CCI member says not looking at net neutrality as of now: PTI-Singhania versus Singhania case: Raymond siblings case: Bombay HC reserves order for ad-interim relief till July 24-RBI says FIIs/RFPIs can now invest up to 30 percent in Oberoi Realty-Gammon Infra says Indira Container Terminal commenced trial run operation of roll on roll off-Seamec files claim towards unpaid charter hire amount of USD 3.82 million-Cipla approved potential investment by FIL Cap Investments (Mauritius) II or any affiliate in the arm
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