TOP CORPORATE NEWS - 16 NOV 2015

·        October WPI at -3.81%

Wholesale Price Index (WPI) inflation for the month of October was reported at -3.81% Vs -4.54% in September

Key Points:

October WPI Inflation at -3.81% Vs -4.54% (MoM),Primary Articles Inflation at -0.36% Vs -2.09% (MoM) ,Food Articles Inflation at 2.44% Vs 0.69% (MoM) ,Non-food Articles Inflation at 5.10% Vs 2.61% (MoM) Manufactured Products Inflation at -1.67% Vs -1.73% (MoM),Fuel, Power Group Inflation at -16.32% Vs -17.71% (MoM),Vegetable Inflation at 2.56% Vs -9.45% (MoM) ,October Core WPI Inflation at -2% Vs -1.93% (MoM) ,All Commodities Index up 0.1% (MoM),Manufactured Products Index Remains Unchanged ,Fuel & Power Group Index up 0.5% (MoM) ,August WPI Inflation revised to -5.06% from -4.95%Primary Articles Index remains Unchanged (MoM).

                                                                                                                                                                                                                                                        

·         Coal India Q2FY16 top line comes at Rs17490 crore

Coal India Q2FY16 Result: COAL India reported top line of Rs17490 crore and profit of Rs2544 crore. The offtake grew by 10.4% YoY while production grew by 6% in Q2FY16

·         RInfra signs non-binding term Sheet with PSP Investments

RInfra signs non-binding term sheet with PSP Investments of Canada for Investment in its Mumbai Power Distribution Business.

·         Apollo Tyres acquires Reifencom GmbH

Apollo Tyres acquires tyre retail and distribution Reifencom GmbH; a small acquisition for Apollo Tyres. Apollo Tyres will be acquiring Reifencom GmbH for Euro 45.6mn (approx Rs325 crore). Reifencom is into tyre retail and distribution and has presence across Germany, Austria, Switzerland, Italy, France and Denmark.

                                                                                                                                                                                                                                                

·         Rajesh Exports Q2 consolidated net profit at Rs280 cr

Rajesh Exports has announced the following Unaudited Q2 Consolidated results for the quarter ended September 30, 2015 (YoY).The Group has posted a net profit of Rs279.84 crore Vs Rs159.76 crore (YoY).

Total Income is at Rs44320.51 crore Vs Rs10961.39 crore (YoY).

·         Jindal Steel Consolidated Q2 net profit at Rs617.94 crore

Jindal Steel & Power Ltd announced the following unaudited results for the quarter ended September 30, 2015:

Standalone

Net loss at Rs203.67 crore vs net profit of Rs287.28 crore (YoY). Total Income at Rs3181.57 crore vs Rs3222.09 crore (YoY)

Consolidated

Net loss at Rs617.94 crore vs net profit of Rs441.83 crore (YoY)

Total Income at Rs4742.88 crore vs Rs5183.18 crore (YoY)

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