Equity/Market/Finance

* Reliance Power to replace Dr Reddy's in Nifty from Sept 10
* Lupin buys Germany-based co Hormosan Pharma.
* Sun Pharma not to close Taro Israel units post merger.
* Indian Oil Corp Apr-Jun net 4.15 bln rupees.
* Tata Communications Apr-Jun net 983.4 mln rupees.
* City Union Bank Apr-Jun net 262.36 mln rupees.
* Development Credit Bank Apr-Jun net 54.4 mln rupees.
* Taj GVK Hotels & Resorts Apr-Jun net 150.86 mln rupees.
* Puravankara Projects Apr-Jun consolidated net 618.9 mln rupees.
* XL Tele gives 5-year silcon wafer supply contract to German co.
* WTO talks fail on differences over farm product safeguard mechanism.
* India's crude oil basket falls $2.16 per barrel to $123.29 Tue.
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