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Stocks in news: Sun Pharma, Kernex, GMR, RCF, Dr Reddy's

Dr Reddy's Labs | Sun Pharma | Kernex Microsystems | GMR Infrastructure | IOC | HCL Technologies | MCX | TCS | Rashtriya Chemicals | Ashiana Housing | Jay Bharat Maruti | Den Networks and Yes Bank are stocks, which are in the news today.

July 14, 2015 / 08:50 AM IST
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  • nselive
Todays L/H

Here are stocks that are in news today:

Fund Action
-Morgan Stanley (Singapore) sold 14.9 lakh shares of Granules India at Rs 85.12/share
-Shipla Porinju Veliyath bought 70,000 shares of IZMO at Rs 54.21/share

Adani Power
-7.8 crore shares (2.65 percent equity) pledged shares of the company have been released
-Shares belonged to promoter holding company Ventura Power

Skill Development Ministry says
-Will ensure a new paradigm for ITIs in the country
-Private sector partnership crucial for skill development mission
-Will initiate several PPP projects in skill development
-Will ensure convergence for all skill development programmes under central government
-Skill development mission to be formally launched on July 15

Organization of the Petroleum Exporting Countries (OPEC)
-Raises 2015 oil demand growth forecast to 1.28 million barrels per day (bpd)
-Forecasts 2016 oil demand growth at 1.34 million bpd
-Cuts demand forecast for its crude to 29.2 million bpd in 2015
-Sees demand for its crude at 30.1 million bpd in 2016
-Forecasts total oil consumption at 92.61 million bpd in 2015
-Non-OECD countries likely to lead oil-demand growth in 2016
-Revises up 2015 non-OPEC supply-growth forecast to 0.86 million bpd
-Expects US oil demand to grow by 0.28 million bpd in 2016
-Growth in US oil demand to be driven by projected rise in economic growth
-Oil production inched higher to 31.38 million bpd in June
-Output increased mostly from Iraq, Nigeria & Saudi Arabia


Madhu Kapur versus Yes Bank
-RBI to be made party to Kapur's petition w.r.t reappointment of 2 directors
-Bombay High Court to next hear the case on July 27

Bombay HC observes
-Madhu Kapur cannot challenge every aspect of the order
-Yes Bank has right to go back to RBI seeking reappointment of 2 directors
-Resolution passed in last AGM on reappointment subject to RBI approval

Essel Propack divests arm Packaging India to Amcor Flexibles India
-Enterprise value of divested business is Rs 165 crore

June CPI inflation at 5.4 percent versus 5.01 percent (MoM)
Alert: June CPI Inflation at 4-month high
-Core CPI inflation at 4.85 percent versus 4.7 percent (MoM)
-Food inflation at 5.48 percent versus 4.8 percent (MoM)
-Rural inflation at 6.07 percent versus 5.52 percent (MoM)
-Urban inflation at 4.55 percent versus 4.41 percent (MoM)
-Vegetable price inflation at 5.37 percent versus 4.64 percent (MoM)
-Combined fuel & light inflation at 5.92 percent versus 5.96 percent (MoM)
-Clothing, footwear inflation at 6.34 percent versus 6.12 percent (MoM)
-Cereals & products inflation at 1.98 percent

Foreign Investment Promotion Board (FIPB) approves 23 investment proposals
-FIPB approves proposals of Mylan, Bandhan, Glaxo & DEN Networks
-FIPB defers proposals of Sistema Shyam, Reliance Globalcom
-FIPB defers proposal of Volkswagen due to policy issues
-FIPB clears foreign equity participation for Bandhan

HCL Technologies
-Enters into asset purchase agreement with Trygstad
-To acquire certain assets of US-based company Trygstad in all cash deal

Finance Minister Arun Jaitley says
-Government fully committed to goal of universal social security
-Government will bring about other variants of social security schemes in future
-More social security schemes to bring max number of people under their ambit
-7.84 crore people registered under Pradhan Mantri  Suraksha Bima Yojana, 2.70 crore under Pradhan Mantri Jeevan Jyoti Bima Yojana, 4.69 lakh join Atal Pension Yojana

Jay Bharat Maruti Q1
-Net profit up 17.6 percent at Rs 8 crore versus Rs 6.8 crore (YoY)
-Total income up 3.7 percent at Rs 321.4 crore versus Rs 310 crore (YoY)

Petron Engineering Q1
-Total Income At Rs 124.1 crore versus Rs 89.5 crore (YoY)
-Net profit at Rs 10 crore versus Rs 2.8 crore (YoY)

Ashiana Housing
-Enters into development agreement with Bengal Shriram Hi Tech City
-Pact with Shriram Hi Tech City for development of senior living & regular housing project
-Entire project will have a total saleable area of approximately 1.8 million square feet

Rashtriya Chemicals
-In MoU with state concern Turkmenhimiya on supplies of urea in 2015-18
-In MoU to explore opportunities on muriate of potash & other chemical products’ supply

Titagarh Wagons
-Closes QIP issue; issue price for QIP at Rs 99.41/share
-Issue price for QIP at 5 percent discount to floor price of Rs 104.64/share
-Allots up to 1.51 crore shares worth Rs 150 crore to QIBs

US FDA audits Sun Pharma’s API facility in Ahmednagar: Sources
-U S Food and Drug Administration finds two minor observations on compliance in Ahmednagar unit
-US FDA observations not severe in nature, may not hinder approvals
-US FDA audit may have been triggered by a product filing from SPARC
-Company’s unit in Halol already under US FDA scanner since September 2014 -Company looking at site transfers, conditional approval for certain products
-Sun Pharma to CNBC-TV18: Company has no comment to offer

Other stocks and sectors that are in news today:
-GMR-Megawide in race to acquire operations of five Philippine airports worth USD 2.4 billion
-IOC to invest USD 4 billion in natural gas and proposed LNG project in British Columbia: FE
-Reliance Power asks coal ministry to lift curbs on Sasan mining: ET
-HCL Technologies to expand its creative team to win digital deals: ET
-SBI MF cuts its stake in McDowell Holdings by 3 percent to 5.77 percent
-HDFC Portfolio Management Services exits Marvel Realtors with 90 percent returns: ET
-MCX launches globally linked gold contract: BS
-JSW Steel: Q1 crude steel production up 10 percent at 3.4 million tonnes versus 3.1 million tonnes (YoY)
-Dr Reddy's Labs launches Memantine hydrochloride tablets in US (is a generic version of Namenda)
-SBI ties up with for home loans
-BSE fines 530 companies for non-compliance of appointment of woman director
-TCS announces premier partnership with Adobe for digital marketing solutions
-Kernex Microsystems board to consider sale of some of immovable properties of company on July 15
-Thomas Cook says Bombay High Court approves merger of Sterling Holidays and Thomas Cook Insurance with company
-Ramco Systems signs multi-million dollar deal with Cobham Aviation Services
-Fairfax India to acquire 26 percent stake in IIFL for Rs 1,621 crore

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