Engineers India's net profit fell 16.17% to Rs 129.34 crore on 35.55% decline in total income to Rs 511.22 crore in Q1 June 2013 over Q1 June 2012. The result was announced after market hours on Monday, 5 August 2013.
Net profit of Radico Khaitan rose 6.58% to Rs 22.51 crore on 19.80% rise in net sales to Rs 348.44 crore in Q1 June 2013 over Q1 June 2012. The result was announced after market hours on Monday, 5 August 2013.
Power utility firm Tata Power Company unveils Q1 results today, 6 August 2013.
Castrol India turns ex-dividend today, 6 August 2013, for interim dividend of Rs 3.50 per share for the year ending 31 December 2013.
Cipla turns ex-dividend today, 6 August 2013, for dividend of Rs 2 per share for the year ended 31 March 2013 (FY 2013).
MRF turns ex-dividend today, 6 August 2013, for interim dividend of Rs 3 per share for the year ending 30 September 2013.
Bajaj Auto reportedly plans to shift 50% of its Pulsar bike production to Waluj plant in Aurangabad if the strike at Chakan plant, which entered the 41st day on Monday, 5 August 2013, is not called off by workers. Addressing the media in Pune on Monday, Bajaj Auto managing director Rajiv Bajaj was quoted by the media as saying that it has become essential for the company to evaluate production set-up if it has to meet export demand and launch schedules. At present, Chakan is operating at two-thirds its capacity with Aurangabad producing the rest, added reports.
Shares of Coal India (CIL) will be watched after media reports suggested that trade unions controlling a majority of the workforce of CIL, the world's largest coal miner, have decided to go on a strike against the government proposal to offload a 5% stake in the company. The unions are likely to send a formal strike notice to the company's management today, 6 August 2013, reports suggested, adding that the strike, scheduled for the first fortnight of next month, could disrupt CIL's plan to ramp up its stagnating production.
Anil Dhirubhai Ambani-controlled Reliance Power, which bagged three of the four ultra-mega power projects (UMPPs) in the country due to aggressive bidding, is now reportedly seeking tariff increase for all of its plants. According to reports, the company has approached the Central Electricity Regulatory Commission (CERC) to revise the tariff of Tilayia UMPP in Jharkhand to Rs 2.25 per unit, more than 25% increase from its original bid price of Rs 1.77 per unit.
JSW Steel and Jindal Steel and Power (JSPL) may, according to media reports, jointly bid for UK-based Stemcor's India assets, mainly for the iron and steel trader's ore-processing facilities in eastern India. Stemcor, set up in London in 1951, has a turnover exceeding 5 billion pounds in 2012 and trades around 20 million tonnes (mt) of steel and steel-making raw materials from 45 countries. It employs 2000 people. Its trading business is supported by iron ore mining interests, predominantly in India, with investments in two iron mines. The facilities are capable of handling 4 mt of iron ore a year.
eClerx Services said its board will meet on 8 August 2013 to consider buyback of equity shares, not exceeding 10% of the aggregate of total paid- up equity capital and free reserves of the company, amounting to about Rs 409.82 crore, thus buyback size not exceeding Rs 40.98 crore, approximately.
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