Epic Update : Apollo Tyres

Epic Update : Indiabulls Financial

HDIL promoters default on interest payment
Promoters did not pay Rs 3.3 crore interest on a loan
Loan of Rs 46 crore was extended by Indiabulls Financial Services
Goa property was kept as collateral to the loan
Promoters of HDIL have been named as loan defaulters
Developments were confirmed by both companies.
 
Epic Update : Welspun Corp Q1

Consolidated Net Loss at Rs 59.4 crore Versus Profit of Rs 7.5 Crore (YoY)
Consolidated Net Sales at Rs 2,675 Crore Versus Rs 2,550 Crore (YoY)
 
Epic Update : Eicher Motors Q2

Consolidated Net Profit at Rs 92.3 Crore Versus Rs 76 Crore (YoY)
Consolidated Total Income at Rs 1,670 Crore Versus Rs 1,585 Crore (YoY)
 
Epic Update : Power Finance

Power Finance committed to USD 2 billion overseas bonds
IIFCL, Rail Finance committed to overseas bonds of USD 1 billion each
Finance ministry sources say:
Finance ministry officials concluded meet on Rupee related issues earlier
Finance ministry may announce some steps to help current account deficit (CAD) today.
 
Epic Update : Tata Motors

July global wholesales at 87,566 vs 84,458 units (MoM)
July global wholesales for commercial vehicle at 40,882 vs 41,577 units (MoM)
July global wholesales for passenger vehicle at 46,684 vs 42,881 units (MoM)
July global wholesales for JLR at 35,162 vs 30,536 units (MoM).
 
Epic Update : Apollo Tyres

Apollo Tyres is currently trading at Rs. 63.40, up by 0.50 points or 0.79%u0025 from its previous closing of Rs. 62.90 on the BSE.
 
Epic Update : Reliance Power

Reliance Power %u2018s Board of Directors at its meeting held on July 30, 2013, has approved, the Scheme of Amalgamation of Reliance Clean Power (the Transferor Company), its step down subsidiary Company with Reliance Power (the Transferee Company) under Sections 391 to 394 and other applicable provisions, if any, of the Companies Act, 1956.
 
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