TOP CORPORATE NEWS - 10 NOV 2015

Maruti Suzuki receives 21,000 bookings for Baleno

Maruti Suzuki receives 21,000 bookings for its recently launched premium hatchback Baleno. The Baleno is being retailed exclusively through its Nexa outlets. Positive for the company.

Hindalco drops after weak Novelis earnings

Hindalco Industries fell over 3%, touching to Rs77.2, after the company's subsidiary Novelis yesterday, November 09, 2015, reported a net loss of $13 million for second quarter of fiscal year 2016

Reliance Power Q2 consolidated net profit rises by 37% (YoY)

Reliance Power announced the following Q2 results for the quarter ended September 30, 2015 (YoY)

Un-Audited Standalone results for the Quarter ended September 30, 2015:

The Company has posted a net profit of Rs9.13 crore Vs Rs7.26 crore (YoY).

Total Income is at Rs86.93 crore Vs Rs95.68 crore (YoY)

Nalco to set up Rs 5,600 cr refinery in Odisha

Public sector firm, Nalco has said that it will soon set up a 1 mtpa refinery at Damonjodi in Odisha's Koraput district at an investment of Rs5,600 crore.

As per reports, this decision was taken when Union Mines Secretary Balvinder Kumar met Chief Minister Naveen Patnaik. The Union Mines Secretary also thanked Patnaik the state Government for recommending Potangi bauxite mines in favour of Nalco.

Eros International Q2FY16 results beat estimates

Eros international has delivered strong set of numbers and beats the estimates, revenues were up by 110.5% yoy to Rs505 crore, led by movies like ‘Bajrangi Bhaijaan’, ‘Srimanthudu’ (Telugu),‘Welcome Back’, ‘Hero’ among others. As a percentage of total Income for Q2FY16, theatrical Revenues contributed 59.1%, Overseas Revenues – 11.8%and Television &Others – 29.1%.

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