Wednesday, 5 August 2015

ADANI ENTERPRISES: Is in talks with Taiwan-based Foxconn for a joint venture
but has not signed any agreement yet. (Cogencis)

* ASTRAZENECA PHARMA INDIA: Securities Appellate Tribunal will hear the plea
against delisting of the company's shares on Aug 11. (Cogencis)

* BHARAT BHUSHAN SHARE & COMMODITY BROKERS: The board has approved allotment
of shares to its shareholders on rights basis in 1:2 ratio. (Cogencis)

* BHARAT HEAVY ELECTRICALS: The company could be next on the list of the
centre's disinvestment offer. (BL)

* BHARTI AIRTEL: Has posted Apr-Jun consolidated net profit of 15.54 bln
rupees, up 40.22% on year and net sales of 236.71 bln rupees, up 3.09% on
year. (Cogencis)

* BRITANNIA INDUSTRIES: Plans to set up two new plants in Tamil Nadu and
Bengaluru, with a total investment of 2.5 bln rupees. (Cogencis)

* CAIRN INDIA: United India Insurance, a minority stakeholder in the company,
has said it is too early to comment on the company's merger with Vedanta.
(Cogencis)

* CAN FIN HOMES: Has set 8.71% as the coupon for its three-year bond issue,
through which it plans to raise up to 2 bln rupees. (Cogencis)

* DLF: Will seek approval from shareholders to pledge more than 50% of its
shares to raise 75 bln rupees in three of its profitable rent-generating
units. (Mint)

* GLAXOSMITHKLINE PHARMACEUTICALS: Will invest 10 bln rupees to set up a
greenfield pharmaceuticals manufacturing unit in Karnataka. (FE)

* HDFC: Is likely to raise around 50 bln rupees through structured quasi-debt
offer to domestic institutions. (ET)

* HERO MOTOCORP: Bain Capital is planning to fully exit the company by selling
its remaining stake this week. (ET)

* HEXAWARE TECHNOLOGIES: Has posted Apr-Jun consolidated net profit of 988.85
mln rupees, up 29.14% on year and income from operations at 7.72 bln rupees,
up 26.51% on year. (Cogencis)

* HINDUJA GLOBAL SOLUTIONS: Competition Commission of India has approved the
company buying a significant portion of MPHASIS' domestic business process
outsourcing operations. (Cogencis)

* JAY SHREE TEA & INDUSTRIES: Has decided to demerge its sugar division into a
new subsidiary, Majhaulia Sugar Industries. (BL)

* JET AIRWAYS INDIA: Will not charge fee for changes or cancellations made
within 24 hours to tickets booked on its website or on its mobile
application. (Cogencis)

* JSW ENERGY: Expects to nearly double its capacity generation to 6,000 MW
from two JP Power projects and more acquisitions. (Mint)

* MARUTI SUZUKI INDIA: Manufactured a total of 133,311 units in July, up
19.5% year-on-year. (Cogencis)

* NESTLE INDIA: Central Food Technological Research Institute, a laboratory
approved by the Food Safety and Standards Authority of India, has found Maggi
noodles to be in compliance with the country's food safety standards. (PTI)

* OIL AND NATURAL GAS CORP: Will pay public sector oil retailers 11.35 bln
rupees as its share of loss incurred by them on sale of kerosene at
subsidised rate for Apr-Jun. (Cogencis)

* ORIENTAL BANK OF COMMERCE: Will reduce interest rates on some retail term
deposits by 25 basis points from Wednesday. (Cogencis)

* RELIANCE CAPITAL: The Competition Commission of India has approved the
acquisition of 2.77% of the company's paid up share capital by Japanese
Sumitomo Mitsui Trust Bank. (Cogencis)

* RELIANCE INDUSTRIES: Fashion arm Reliance Brands is forming a joint venture
company with Italian apparel brand GAS to expand its business in India. (ET)

* RELIANCE INFRASTRUCTURE: The company's open offer in Pipavav Defence is facing
a delay with Gujarat Maritime Board yet to give its approval. (ET)

* SANGAM INDIA: The board has approved capital expenditure of 1.98 bln rupees
and also approved raising investment limits of foreign institutional
investors to 49% from 24% currently. (Cogencis)

* SPICEJET: Is in talks to buy aircraft worth $11 bln to expand its fleet but
has not yet finalised details such as the manufacturer or the number of
planes it intends to purchase. (Cogencis)

* STERLITE TECHNOLOGIES: Is looking for land, possibly in Madhya Pradesh, for
a factory to make liquid-crystal display panels. (BS)

* SUNDARAM CLAYTON: The board has approved an investment of $8 mln in
tranches by the company in a die-casting facility to be established in US.
(Cogencis)

* TATA STEEL: Geneva-based Klesch Group has walked away from plans to buy the
company's loss-making long products business in Europe due to excessive
Chinese imports and escalating energy bills. (FT)

* TORRENT POWER: Reported Apr-Jun consolidated net profit of 1.73 bln rupees,
up 101.2% on year, and net sales 28.63 bln rupees, up 13.4%. (Cogencis)

* UNIPLY INDUSTRIES: Has raised 266.8 mln rupees from promoters and marquee
investors, including R.K. Damani, Ramesh Damani and Sara Vallabh Bhansali.
(BS)

* VEDANTA: Parent, Vedanta Resources, is looking at various growth
opportunities in India to navigate through the downturn in the commodities
market as well as lower demand leading to decline in metal prices. (PTI)

* YES BANK: Has raised $49.2 mln or 3.15 bln rupees from International
Finance Corp for a term of 10 years at 6.45%. (ET)

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