Stocks in news: Sun Pharma, DLF, Orchid Chem, Cairn, Natco

Inox Leisure to CNBC-TV18-Opened 100th multiplex 2 weeks ago-Will continue to expand organically & inorganically-Have 389 screens as of today; opening 3 screens every month-Have started M&As in the cinema industry; will keep looking for more acquisitions-All acquisitions have been made at right valuations-Need to focus on India before going overseas-Plan to open 40 to 50 screens in current financial year

Marks & Spencer says-Indian business seeing healthy growth; Q3 an important quarter-India is one of the most important markets for the company-Have a strong line-up of winter products-Opened 12 stores in India in FY15-Expect to open more stores this financial year

ONGC CMD D K Sarraf says-Have fared well despite challenging trends in the market-Have notified three new discoveries in FY16 so far-Domestic crude oil production stood at 25.94 million tonnes

Coal Ministry says-To open e-auction window exclusively for non- power sector for 4 million tonnes coal-Non-power sector companies having tapering linkage can participate in e-auction-No justification to continue supply of 4 million tonnes under MoU beyond September 30

Natco Pharma-Sets issue price for QIP at Rs 2,130.55/share-QIP issue price at 5 percent discount to floor price of Rs 2,242.68/share-To allot 16 lakh shares to QIBs, to raise up to Rs 341 crore

United Spirits says-Have received a letter from serious fraud investigation office (SFIO) w.r.t. investigation into Kingfisher Airlines-SFIO noted company had conducted inquiry wherein possible fund diversions were identified-SFIO requested some information from company w.r.t. the inquiry-Cooperating with the authorities in providing the required information

DLF to CNBC-TV18-DLF Mall Of India is 93 percent leased-Have held onto the remaining 7 percent for new brands-Looking at opening the multiplex by October-end, will be operational by mid November-Work on a revenue share model across categories-Mall in Chanakya Puri is underway, to be operational by April 2016-Total cost of Mall Of India at Rs 1,700 crore, Chanakya Puri Mall at Rs 300 crore-Residential space going through sluggish market scenario-Office portfolio is doing well; expect a growth in rentals over last fiscal

Aviation Minister Gajapathi Raju says-Discussed excessive airfares with the airline CEOs-May meet airlines again in next 10 days-Don't want to regulate fares as of now-Have asked airline CEOs to get back to ministry with a plan-Fares in most sectors reasonable & within a bracket-Wanted to know about airfares not capturing the fall in aviation turbine fuel (ATF) prices

SpiceJet Chairman Ajay Singh says-Discussed a lot of issues of aviation sector with aviation minister-Simulating aviation traffic through different schemes-High air fares not a reality-Passing on benefit of low ATF fuel prices to consumers

AirAsia India CEO Mittu Chandilya says-Pricing & bilaterals were key highlights of the discussion

Biocon-Inaugurates world class devices facility & introduces Basalog One-Collaborates with Becton Dickinson to customise design of Basalog One

Government completes 2nd phase of gas e-auction for stranded gas-based power plantsGovernment says-13.5 mmscmd of imported RLNG auctioned for stranded gas-based power projectsAlert: 29 plants were eligible to participate in the auction process held today-13 stranded gas-based plants with installed capacity of 8262.08 MW won gas supply-Plants to generate 11.03 bn units of electricity with 13.5 mmscmd gas-Power will be supplied at or below Rs 4.70 per unit to discoms-Supply from gas e-auction will be for October 1, 2015 to March 31, 2016-Will support subsidy of Rs 1,590.09 crore from power system development fund-Generation from these gas plants to improve power availability in southern grid-2nd phase has offered increased gas to more number of plants at a higher plant load factor (PLF)

Government may increase import duty on edible oil in a week: Sources-Meeting at finance ministry today to discuss increase in edible oil import duty-Government may increase import duty on crude edible oil to 15 percent from 7.5 percent-Government may increase import duty on refined edible oil to 25 percent from 15 percent

Other stocks and sectors that are in news today:-Arvind Infrastructure: Circuit filter revised to 5 percent from 10 percent-Sun Pharma to acquire US eye care company InSite Vision-HC reserves order on Novartis–Cipla Patent dispute: ET-Tata Sons frontrunner for GE Capital’s stake in SBI Cards: BS-Orchid Chemicals planning to convert rupee loans worth Rs 1,500 crore into foreign currency to save on interest: BS-IOC lines up investments worth Rs 1.7 lakh crore over 7 years-SC dismisses ONGC pleas to reconsider arbitration venue: FE-NSE & BSE approve merger of Cairn India with Vedanta-Tech Mahindra announces Telco-360 (a salesforce fullforce solution for the communications industry)-SEBI seeks greater disclosure in debt public issues of NBFCs-Deutsche Bank downgrades Tata Motors to hold; target price cut to Rs 375/share-Sadbhav Infrastructure lists today; issue price at Rs 103/share