Stocks in news: Wipro, Kingfisher, Jet Airways, HCL Tech

Stocks in news:

Results today: Birla Power, Gruh Finance, Honeywell Automation, IFCI, Jubilant Organosys, NDTV, Sonata Software, South Indian Bank

Indian ADRs: Wipro surges 40%, ICICI Bank surges 30%, Tata Comm up 28%
Kingfisher, Jet Airways
-Enter into code sharing alliance
-In common fuel management, ground handling pact
-In network rationalisation, cross crew use pact
-Has no equity implication; to come into effect immediately
AIG puts its Singapore Arm AIA on the block, bankers sound a leading Indian business house for takeover - ET
Dr Reddy, Ranbaxy and Wockhardt in race for Germany based AOK’s $ 3.5 billion drug supply contract - ET
Reliance Communication adds 1.76 million subscribers in September
HCL says HCL EAS has purchased 10.42% of Axon equity as on October 10
Hindalco says: IGH Holdings has not exercised right for conversion of warrants within stipulated time, warrants have lapsed ((had got 8 crore warrants in April))
Reliance Brands forms JV with Diesel (Diesel last year had JV with Arvind Mills)
Chola DBS to shut 75 branches, cites slowdown of vehicle finance, home equity business - TOI
Shri Lakshmi Cotsyn board meet on October 20 to consider QIP / PE / FCCB / GDR / ADR issue
Redington India: PE investor Investcorp Gulf Opportunity Fund to invest $ 98 million for 36% stake company's West Asia and Africa business ((valuing it at $ 272 million))
Ex-bonus: Amara Raja Batteries @ 1:2
Ex-split: AIA Engineering in ND period, out on Oct 20

Results:

Orbit Corp Consolidated Q2
-Net sales: Rs 73.82 crore versus Rs 97.55 crore
-Operating profit: Rs 35.6 crore versus Rs 45 crore
-Interest costs: Rs 15.5 crore versus Nil
-Net profit: Rs 13.71 crore versus Rs 39.88 crore

Indo Tech Transformers Q2
-Net sales: Rs 65.4 crore versus Rs 51.4 crore
-Operating profit: Rs 22.2 crore versus Rs 14.7 crore
-Net profit: Rs 14.2 crore versus Rs 10.24 crore