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Top 12 Stocks in Focus Today: Tata Motors, ICICI Bank, Vedanta

Tata Steel: The company will announce its Q1 numbers today.

Vedanta, Cairn India: Shareholders of Anil Agarwal-controlled Vedanta Ltd have approved the scheme of merger between the company and Cairn India Ltd.

Lanco Infratech: Lanco Infratech’s Ltd consolidated net loss widened to Rs.448.88 crore during the quarter ended 30 June.

ICICI Bank: ICICI Bank said it will make 10% investment in equity capital of Resurgent Power Ventures, a power platform created to facilitate investment
in power projects in India by ICICI Group and Tata Group.

Tata Motors: Tata Motors has reported a 16% rise in global sales at 86,288 units, including that of Jaguar Land Rover (JLR) vehicles, in August. The
company had sold 74,639 units in August 2015.

PI Industries: PI Industries is planning to foray into the pharma sector for manufacturing and export of early intermediates, as per media reports.

ONGC: ONGC has succeeded in controlling the uneven flow of gas from its well located in Tadikona of Allavaram mandal in East Godavari district of Andhra
Pradesh, as per media reports.

Jaiprakash Power Ventures Ltd: The company has informed BSE that Unit-2 of 660 MW of (3 X 660 MW = 1980 MW) Bara Supercritical Thermal Power Project, being implemented by Prayagraj Power Generation Company Limited (a material un-listed subsidiary of the Company) has successfully commenced commercial operations on September 10.

HDIL: The company has posted a net profit after taxes, minority interest and share of profit of associates of Rs.40.9 crore for the quarter ended June 30, 2016 where as the same was at Rs.58.4 crore for the quarter ended June 30, 2015.

Parsvnath Developers: Parsvnath Developers Ltd reported revenue of Rs.95 crore (including other income) for the quarter ended June 30,2016. EBIDTA and EBIDTA margin stood at Rs.49 crore and 52% respectively.

Caplin Point: Caplin Point Laboratories said US health regulator would conduct a prior approval inspection of its Gummidopoondi facility in Chennai in October.

Bhushan Steel Ltd: The company said its standalone net loss has narrowed to Rs.656.21 crore for the quarter ended 30 June.