Welspun Corp Ltd (WGSR.BO)
* Dec quarter consol net loss 130.5 million rupees versus profit 765.1 million rupees year ago
* Appointment of Lalit Naik as md and ceo Source text: http://bit.ly/2fEMb6D Further company coverage:
MUMBAI Welspun India said it had acted to address concerns over the quality of its Egyptian cotton as the departure of two major U.S. customers over the issue led to a quarterly loss.
* Gets members' nod to borrow by issuing securities up to 15 billion rupees Source text: http://bit.ly/2djJztM Further company coverage:
CHICAGO, Sept 9 Wal-Mart Stores Inc on Friday said it will stop selling Egyptian cotton sheets made by Welspun India after the Indian manufacturer was unable to assure them the products were authentic.