TOP CORPORATE NEWS - 13 NOV 2015

CPI Inflation rises to 5% in October

The CPI based inflation was at a four month high of 5% in October 2015 (new base 2012=100), compared with 4.4% reading in September 2015.

However the core CPI inflation rose marginally to 4.1% in October 2015 from 4% in September 2015

IIP growth (September) dips on MoM basis to 3.6%

IIP growth slows to 3.6% in September 2015 (Vs revised growth of 6.3% in August 2015) as the output of the manufacturing sector by 2.6%. The capital goods posted double-digit growth for third straight month at 10.5%.

Indian Railways shortlists six suppliers to supply 17 train sets

Indian Railways has shortlisted six suppliers including BHEL to supply 17 train sets comprising of 316 cars-final order to come in few months later

The railways on Thursday announced shortlisting Bombardier, Hitachi, Kawasaki, Toshiba, Siemens and BHEL among others for supply of 17 trains sets comprising 316 cars.

CESC reports Flat earnings but better than street estimate

CESC reported a flat earnings but better than street estimate

CESC reported a revenue growth of 7% YoY to Rs1772 crore

Kaveri Seed Consolidated Q2 net loss at Rs47.52 crore

Kaveri Seed Company Ltd announced the following unaudited results for the quarter ended September 30, 2015:

Standalone

Net loss at Rs46.75 crore vs net profit of Rs32.59 crore (YoY)

Total Income at Rs89.28 crore vs Rs186.13 crore (YoY)

Consolidated

Net loss at Rs47.52 crore vs net profit of Rs33.52 crore (YoY)

Total Income at Rs98.58 crore vs Rs208.39 crore (YoY)

Shree Renuka Q2 net loss at Rs232.50 crore

Shree Renuka Sugars Ltd announced the following unaudited Standalone results for the quarter ended September 30, 2015.

Net loss at Rs232.50 crore vs net loss of Rs129.10 crore (YoY)

Total Income at Rs963.90 crore vs Rs1630.10 crore (YoY)

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