Stocks in news: Sun Pharma, SBI, Polaris, Nestle, Blue Star

Finolex Cables Q1-Net profit up 38.3 percent at Rs 48 crore versus Rs 34.7 crore (YoY)-Total income up 2.8 percent at Rs 588.3 crore versus Rs 572 crore (YoY)

Radico Khaitan Q1-Net profit up 9 percent at Rs 18.1 crore versus Rs 16.6 crore (YoY)-Total income up 6.7 percent at Rs 394.7 crore versus Rs 370 crore (YoY)

Ashiana Housing Q1-Consolidated net profit at Rs 6.7 crore versus loss of Rs 2.2 crore (YoY)-Consolidated total income up 94.7 percent at Rs 22 crore versus Rs 11.3 crore (YoY)

Pantaloons Fashion Q1-Net loss at Rs 73 crore versus loss of Rs 78 crore (YoY)-Total income up 13.8 percent at Rs 439.3 crore versus Rs 386 crore (YoY)

Rajshree Sugars Q1-Net loss at Rs 19.9 crore versus loss of Rs 12.6 crore (YoY)-Total income down 39.8 percent at Rs 117.9 crore versus Rs 196 crore (YoY)

HDIL Q1-Consolidated net profit up 2.8 percent at Rs 59.2 crore versus Rs 57.6 crore (YoY)-Consolidated total income up 6.7 percent at Rs 266.7 crore versus Rs 249.9 crore (YoY)

HDIL says-Hope to generate transfer of development rights (TDR) Of 5 lakh square feet to 10 lakh square feet in next two quarters-Expect EBITDA margins to improve in coming quarters-Generated Rs 353.2 crore through residential sales in Q1, up 15 percent YoY-Aim to pare debt by 20-25 percent in FY16-Aim to monetise more non-core (land) assets over next two quarters-Continuing with construction of tenements for MIAL project-Deal with MIAL currently under arbitrationAlert: MIAL earlier sent contract termination to HDIL on airport SRA project-No new launches planned in near future-TDR prices ranged between Rs 3,500-4,000 per sq ft in Q1

Gujarat NRE Coke Q1-Net loss at Rs 56.3 crore versus loss of Rs 66.7 crore (YoY)-Total income at Rs 242 crore versus Rs 63 crore (YoY)

GMDC Q1-Net profit at Rs 73.5 crore versus Rs 130.5 crore (YoY)-Total income at Rs 316.6 crore versus Rs 423.9 crore (YoY)

Power Grid Q1-Net profit up 20.2 percent at Rs 1,366.5 crore versus Rs 1,136.5 crore (YoY)-Total income up 19.7 percent at Rs 4,717.5 crore versus Rs 3,942 crore (YoY)-EBITDA up 22.75 at Rs 4,137 crore versus Rs 3,373 crore (YoY)-EBITDA margin at 87.7 percent versus 85.6 percent (YoY)

Engineers India Q1-Net profit down 29.4 percent at Rs 56.8 crore versus Rs 80.4 crore (YoY)-Total income down 10.3 percent at Rs 390.5 crore versus Rs 435.5 crore (YoY)-EBITDA down 49.1 percent at Rs 28 crore versus Rs 55 crore (YoY)-EBITDA margin at 7.3 percent versus 12.5 percent (YoY)

Garware Wall Ropes Q1-Net profit up 50.5 percent at Rs 14.6 crore versus Rs 9.7 crore (YoY)-Total income up 20 percent at Rs 239.3 crore versus Rs 199.4 crore (YoY)

HMT Q1-Net loss at Rs 25.2 crore versus loss of Rs 23.3 crore (YoY)-Total income down 19.2 percent at Rs 10.5 crore versus Rs 13 crore (YoY)

India Glycols Q1-Net profit at Rs 7.7 crore versus Rs 1.3 crore (YoY)-Total income down 3.1 percent at Rs 708 crore versus Rs 730.7 crore (YoY)

Minda Industries Q1-Consolidated net profit up 1.5 percent at Rs 13.7 crore versus Rs 13.5 crore (YoY)-Total income up 10.4 percent at Rs 532.6 crore versus Rs 482.6 crore (YoY)

Centre set to seek Rs 426 crore in damages from Nestle-Centre to move National Consumer disputes redressal commission in next few days: BS

Finance Ministry issues summons to 16 insurance companies in Rs 2,500 crore CENVAT credit case-Chennai zonal unit of DGCEI conducting investigation under summons against 16 insurance companies

Madras High Court: (Sun TV in focus)-Rejects Dayanidhi Maran's anticipatory bail plea-Gives Dayanidhi Maran 3 days to surrender before CBI

Dayanidhi Maran to move Supreme Court with anticipatory bail plea

Vedanta to CNBC-TV18-Have to do a lot to manage costs of mining, metal prices have melted down-Economics of mining will lead to margins-Taxes & duties are still high in India-Sesa has a long history & proud heritage; will find buyers soon-In talks with steel companies in Japan & China-Steel mills are waiting for Goa to reopen mines-Company expects shipment of iron ore from early next year-State government to approach Supreme Court within 2 months for removal of Goa Permanent Iron Ore Fund (GPIOF)-10 percent export duty on low grade iron ore not feasible for miners-Have sought finance & mines ministries for removal of export duty-Had about 10,500 workers in FY12 in Goa, now reduced to half-Expect workers to come back in 2-3 years-Expect mining cap to increase to 40 million tonnes per annum once Goa reaches 20 million tonnes per annumAlert: Supreme Court has imposed mining limit of 20 mtpa in Goa-Have approached Central Empowered Committee (CEC) in Karnataka for increase of iron ore mining limit-Expect CEC to hear company's request for increasing mining limit within 2 months-Iron ore auction in Karnataka looks attractive-Company will participate in auction of iron ore leases by Karnataka government-Company aims to meet 5.5 mtpa in Goa & 2.9 mtpa in Karnataka in FY16-Will apply for higher mining limits in Goa once company reaches cap of 5.5 mtpa

Wockhardt says-Revenue growth due to good sales push in India & UK markets-India business robust; launched 24 products in past quarter-Looking at new product opportunities in diabetes, dermatology-Chikalthana plant has received UK approval for GMP-Product supplies to UK from Chikalthana will start from next quarter-To submit corrective report on Chikalthana to US FDA in two weeks-Have applied to US FDA for approvals from third party sources-Expect to start supplying from third party sources from H2FY16-Product recall from US completed in April 2015

Other stocks and sectors that are in news today:-Syngene International lists today-Chairman Arun Jain, key investors in talks to sell controlling stake in Polaris: ET-Allied Blenders drops plans to acquire Tilaknagar Industries over difference in valuations: ET-US becomes 7th country to give clean chit to Maggi Noodles (Nestle): ET-Blue Star shuts Thane plant owing to mounting losses: BS-Indian Hotels (in AGM): Taj Hotels to consolidate overseas operations into single company-Textiles ministry to hold talks in September on remunerative cotton price-Government rejects BALCO’s plea for accepting bid for Gare Palma IV/1 coal mine in Chhatisgarh-Lanco Infratech in talks with investors to infuse equity in Teesta plant-Foxconn to set up manufacturing unit in Sri City, Andhra Pradesh exclusively for Mi Phones-Insecticides (India) sets Rs 536.52/share as floor price for QIP issue-Oil minister Dharmendra Pradhan says GAIL to hold stake in TAPI as global firms shun 4-nation project-IOC launches tender to buy one LNG cargo for September delivery: Reuters sources-GAIL purchases 2 cargos for September delivery following a recent tender: Traders to Reuters-SEBI seeks clarification from RBL Bank, Infibeam Incorporation & Paranjape Schemes on IPO plans