Thursday 30 July 2015

TOP EVENTS TODAY

* Nifty companies detailing Apr-Jun earnings:
 + BANK OF BARODA (net profit seen 9.34 bln rupees, down 31% YoY)
 + DR REDDY'S LABORATORIES (consol net profit seen 5.4 bln rupee, down 1% YoY)
 + ITC (net profit seen 23.60 bln rupees, up 8% YoY)
 + KOTAK MAHINDRA BANK (net profit seen 5.54 bln rupees, up 29% YoY)
 + NTPC (net profit seen 21.7 bln rupees, down 1% YoY)

ASTRAZENECA PHARMA INDIA: The Delhi High Court has dismissed the company's
plea to block Hyderabad-based Lee Pharma from making copies of its
anti-diabetes drug Onglyza. (ET)

* ALSTOM T&D INDIA: Said project execution delays and stiff competition from
other transmission companies led to a fall in Apr-Jun operating margins.
(Cogencis)

* BHARAT PETROLEUM CORP: Is set to import a rare cargo of Sokol crude from
Russia's Far East to take advantage of falling crude prices. (RTR)

* EVEREADY INDUSTRIES INDIA: Is likely to diversify and enter the home and
kitchen appliances market in India. (BS)

* HINDALCO INDUSTRIES: Is in talks with banks to refinance around 70 bln
rupees of loans for projects Aditya Aluminium and Utkal International. (FE)

* HOUSING DEVELOPMENT FINANCE CORP: Will raise up to 50 bln rupees through
non-convertible debentures to boost lending operations and meet its future
capital needs. (PTI)

* ITC: Has terminated the services of 40 managers over unsatisfactory
performance at a time when the company faces pressure on revenues. (ToI)

* JSW STEEL: Reported Apr-Jun consolidated loss of 1.07 bln rupees on year as
compared to profit of 6.56 bln rupees and net sales were down 12.9% at 113.82
bln rupees. (Cogencis)

* MAHINDRA & MAHINDRA FINANCIAL SERVICES: Is planning to raise 1.60 bln
rupees through issue of bonds at 8.80% internal rate of return. (Cogencis)

* MARUTI SUZUKI INDIA: Said its DZire has reached sales of 1 mln units since
its launch in March 2008. (Cogencis)
  Plans to accelerate new product launches in India in line with its vision
of selling 2 mln cars per annum by 2020. (PTI)

* NESTLE INDIA: Maharashtra Food and Drug Administration said the company did
not follow the legal procedure after it had been asked to explain presence of
excess lead in samples of Maggi noodles. (Cogencis)
  Reported a loss of 644 mln rupees in Apr-Jun as against a net profit of
2.88 bln rupees a year ago and net sales were down 20.05% at 19.34 bln
rupees. (Cogencis)

* NHPC: Reported net profit at 7.67 bln rupees, up 24.5% on year and net
sales were down 2.4% at 19.86 bln rupees. (Cogencis)

* NTPC: Has decided to sign fresh power purchase pacts with its existing
customers and bundle thermal with solar power in 85:15 ratio. (ET)

* PIRAMAL ENTERPRISES: Plans to invest 100 bln rupees from its structured
finance group in infrastructure and other sectors over the next few years.
(Mint)

* SPICEJET: In talks with Boeing and Airbus to buy 80-120 planes in eight
years. (BS)

* SUNDARAM FINANCE: Acquired an additional 26% equity stake in Royal Sundaram
Alliance Insurance Co for 4.5 bln rupees. (Cogencis) End

* SUN PHARMACEUTICAL INDUSTRIES: Is cutting staff again as it digests the
$3.2-billion acquisition of Ranbaxy Laboratories. (ET)

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