TOP CORPORATE NEWS - 13 MAY 2016

March IIP growth slows at 0.1%; April CPI Inflation spurs to 5.39%

March IIP growth slows at 0.1%; April CPI Inflation spurs to 5.39%

Manufacturing Sector Output At -1.2% Vs 0.7% (MoM)

Mining Sector Output At -0.1% Vs 5% (MoM)

Electricity Sector Output At 11.3% Vs 9.6% (MoM)

Basic Goods Output At 4% Vs 5.4% (MoM)

Capital Goods Output At -15.4% Vs -9.8% (MoM)

Intermediate Goods Output At 3.7% Vs 5.7% (MoM)

Consumer Goods Output At 0.4% Vs 0.8% (MoM)

Consumer Durables Output At 8.7% Vs 9.7% (MoM)

Consumer Non-durables Output At -4.4% Vs -4.2% (MoM)

April CPI Inflation At 5.39% Vs 4.83% (MoM)

Food Inflation At 6.32% Vs 5.21% (MoM)

Rural Inflation At 6.09% Vs 5.7% (MoM)

Urban Inflation At 4.68% Vs 3.95% (MoM)

Vegetable Price Inflation At 4.82% Vs 0.54% (MoM)

Combined Fuel & Light Inflation At 3.03% Vs 3.38% (MoM)

Clothing, Footwear Inflation At 5.56% Vs 5.50% (MoM)

Cereals & Products Inflation At 2.43% Vs 2.43% (MoM)

Milk & Products Inflation At 3.32% Vs 3.33% (MoM)

Pulses & Products Price Inflation At 34.13% Vs 34.15% (MoM)

Urban Consumer Housing Inflation At 5.37% Vs 5.31% (MoM)

Glenmark Pharma Q4 net profit at Rs508 cr (YoY)

Glenmark Pharmaceuticals Ltd has announced the following Q4 & FY16 results for the quarter & year ended March 31, 2016:

Standalone

For the Quarter ended March 31, 2016

The Company has posted a net profit of Rs507.75 crore Vs Rs670.43 crore.

Total Income decreased to Rs1972.67 crore Vs Rs3157.79 crore.

Eicher Motors slumps as promoters sell 11.4 lakh shares

Shares of Eicher Motors dropped 4% to Rs18979 on NSE on reports that the promoters have sold 11.4 lakh shares representing 4.3% of the total share capital and 7.6% of their shareholding in the company.

The stake sale is for the amount of Rs 2,160 cr. Negative for the company.

Crompton Greaves slumps 5% on demerger

Shares of Crompton Greaves dropped 5% to Rs60.30 on NSE post the listing of de-merged consumer durable entity, Crompton Greaves Consumer Electricals today.

UCO Bank Q4 net loss at Rs1715 crore

UCO Bank has announced the following audited Q4 & FY16 results for the quarter & year ended March 31, 2016:

For the Quarter ended March 31, 2016

The Bank has posted a net loss of Rs1715.16 crore Vs net profit of Rs209.28 crore.

Total Income decreased by 9.83% to Rs4745.48 crore Vs Rs5263.36 crore.

                                         

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