Check out the companies which will be in focus during trade today based on recent and latest news developments.
Kotak Mahindra Bank: The Bank reported nearly 26% dip in consolidated net profit at Rs. 516.5 crore in the first quarter.Total Income is Rs. 6,384.6 crore for the quarter ended June 30, 2015 where as the same was at Rs. 5,006.6 crore for the quarter ended June 30, 2014.
HCC: The company reported a decline in net profit to Rs. 8 crore in the first quarter of 2015-16 from Rs. 27.1 crore a year ago.
Maruti Suzuki: LIC has sold over 2% stake in Maruti Suzuki India reducing its holding to 6.22% in the the country's largest car maker.
Tata Global Beverages Ltd: FSSAI has rejected product approval applications of Tata Starbucks, Kellogg and McCain due to lack of sufficient supporting documents for safety assessment, Minister of state for Health Shripad Naik reportedly said.
Bharti Airtel: The Telecom company has rolled out latest 4G technology in Meghalaya's capital Shillong, the first in North East.
Kansai Nerolac Ltd: The company will invest Rs. 220.50 crore to set up a manufacturing unit in Punjab and a global R&D centre at Navi Mumbai. The net profit for the quarter stands at Rs.94 crore. The total income for the quarter was at Rs.1,000 crore.
Exide Industries Ltd: The company reported a 16.24 per cent decline in net profit at Rs 155.2 crore for the quarter ended June 2015. The battery manufacturer had registered a net profit of Rs 185.30 crore for the corresponding period a year ago.
Reliance Power Ltd: The company has announced along with its wholly owned subsidiary - Sasan Power Limited, has filed a Writ Petition before the High Court of Delhi challenging the notification issued by the Ministry of Coal, being the Gazette Notification dated May 07, 2015, by which the Government notified withdrawal /cancellation of (i) the allocation letter allocating Chhatrasal coal block to Sasan Power Limited for the Sasan Ultra Mega Power Project, and (ii) the Gazette Notification dated February 17, 2010.
Strides Arcolab: The company's Q1FY16 net profit more-than-doubled to Rs. 41.86 crore as compared with Rs. 18.99 crore in Q1FY15.
Thomas Cook: The company has acquired Luxe Asia, a destination management company in Sri Lanka, to grow its overseas business.
ITC: The company reported 3.6 percent growth in Q1 net at Rs. 2,265 crore.
HSIL: The board of the company has approved investment in the Capital Expenditure of Rs.105 crore for putting up plant for manufacturing of CPVC and UPVC pipes and fitting used in plumbing and sanitation.
Vakrangee Ltd: The company has entered into a strategic tie-up with Amazon India to provide marketing, promotional and other services through it 'Vakrangee Kendras'.
Dr.Reddy's: The Group has posted a net profit of Rs. 6256.50 million for the quarter ended June 30, 2015 as compared to Rs. 5503.90 mn for the quarter ended June 30, 2014.
Indoco Remedies Ltd: The company is planning for investment of Rs.1.25 bn for expansion of its sterile ophthalmic facility at Goa and for setting up a greenfield API facility at Patalganga in Maharashtra.
Nava Bharat Ventures Ltd: The company has achieved financial closure for its step-down subsidiary, Maamba Collieres Ltd, an integrated coal and power project in Zambia, estimated to cost US$828m.
HCC: The company reported a decline in net profit to Rs. 8 crore in the first quarter of 2015-16 from Rs. 27.1 crore a year ago.
Maruti Suzuki: LIC has sold over 2% stake in Maruti Suzuki India reducing its holding to 6.22% in the the country's largest car maker.
Tata Global Beverages Ltd: FSSAI has rejected product approval applications of Tata Starbucks, Kellogg and McCain due to lack of sufficient supporting documents for safety assessment, Minister of state for Health Shripad Naik reportedly said.
Bharti Airtel: The Telecom company has rolled out latest 4G technology in Meghalaya's capital Shillong, the first in North East.
Kansai Nerolac Ltd: The company will invest Rs. 220.50 crore to set up a manufacturing unit in Punjab and a global R&D centre at Navi Mumbai. The net profit for the quarter stands at Rs.94 crore. The total income for the quarter was at Rs.1,000 crore.
Exide Industries Ltd: The company reported a 16.24 per cent decline in net profit at Rs 155.2 crore for the quarter ended June 2015. The battery manufacturer had registered a net profit of Rs 185.30 crore for the corresponding period a year ago.
Reliance Power Ltd: The company has announced along with its wholly owned subsidiary - Sasan Power Limited, has filed a Writ Petition before the High Court of Delhi challenging the notification issued by the Ministry of Coal, being the Gazette Notification dated May 07, 2015, by which the Government notified withdrawal /cancellation of (i) the allocation letter allocating Chhatrasal coal block to Sasan Power Limited for the Sasan Ultra Mega Power Project, and (ii) the Gazette Notification dated February 17, 2010.
Strides Arcolab: The company's Q1FY16 net profit more-than-doubled to Rs. 41.86 crore as compared with Rs. 18.99 crore in Q1FY15.
Thomas Cook: The company has acquired Luxe Asia, a destination management company in Sri Lanka, to grow its overseas business.
ITC: The company reported 3.6 percent growth in Q1 net at Rs. 2,265 crore.
HSIL: The board of the company has approved investment in the Capital Expenditure of Rs.105 crore for putting up plant for manufacturing of CPVC and UPVC pipes and fitting used in plumbing and sanitation.
Vakrangee Ltd: The company has entered into a strategic tie-up with Amazon India to provide marketing, promotional and other services through it 'Vakrangee Kendras'.
Dr.Reddy's: The Group has posted a net profit of Rs. 6256.50 million for the quarter ended June 30, 2015 as compared to Rs. 5503.90 mn for the quarter ended June 30, 2014.
Indoco Remedies Ltd: The company is planning for investment of Rs.1.25 bn for expansion of its sterile ophthalmic facility at Goa and for setting up a greenfield API facility at Patalganga in Maharashtra.
Nava Bharat Ventures Ltd: The company has achieved financial closure for its step-down subsidiary, Maamba Collieres Ltd, an integrated coal and power project in Zambia, estimated to cost US$828m.
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