Kaveri Seed Q4 consolidated net loss at Rs7 cr (YoY)
Kaveri
Seed Company has announced the following Q4 & FY16 results for the quarter
& year ended March 31, 2016:
Standalone
For
the Quarter ended March 31, 2016 (Unaudited)
The
Company has posted a net loss of Rs9.76 crore Vs net profit of Rs2.30 crore
(YoY).
Total
Income increased to Rs36.31 crore Vs Rs34.12 crore (YoY).
Crompton Greaves signs share purchase agreement with First
Reserve
Crompton
Greaves has signed a share purchase agreement with First Reserve to sell its
international Transmission & Distribution business.
The
transaction is expected to be complete by 31st October 2016, subject to
shareholders and regulatory approvals. Earlier in March Company had announced
that it has accepted the offer.
JSW Steel among 7 bidders short-listed for Tata Steel UK asset
JSW Steel fell over 2%, touching to Rs1292, on reports that the
company is among seven bidders shortlisted for Tata Steel's UK assets.
Tata Steel has announced that it has accepted seven expressions of
interest for the sale of its UK business. Tata Steel Europe has not disclosed
details of bidders. On April 11, 2016, Tata Steel Europe announced that the
company has commenced the formal process for the divestment of its entire
holding in its British subsidiary Tata Steel UK. Tata Steel Europe has decided
to sell its entire holding in Tata Steel UK due to the deteriorating financial
performance of the UK subsidiary.
Arvind to raise fund via NCDs
Textiles to retail conglomerate Arvind said that it is planning to
raise up to Rs500 crore through issuance of non-convertible debentures on a
private placement basis.
The Board will consider the matter regarding fund raising options
available to the Company by way of issue of non-convertible debentures up to
Rs500 crore on a private placement basis subject to approval of shareholders.
Tata Motors drops on below than estimate JLR Sales
Shares
of auto major Tata Motors dropped 4% to Rs389 on NSE as its Jaguar Land Rover
Retail Sales grew 11% YoY in April 2016 which were below estimates. Negative
for Tata Motors.
Jaguar
Land Rover, reported April 2016 retail sales of 41,341 vehicles, up 11% YoY.
The sales were below estimates (we had estimated growth of 17-18% on yoy
basis). The company sold 200,154 vehicles in the first four months of 2016,
which is up 24% YoY.
Get real time advice for Intraday Trading Tips , Share Market Live , Intraday Equity Tips , Stock Trading tips , Free Intraday Tips , Best Accurate Stock Tips , NSE Stock market Tips and all Maket Updates .
Fulfill your expectations of earning large amount of profit from share market just by joining Epic Research.
ReplyDelete