TOP CORPORATE NEWS-14 JUNE 2016


Stock Futures Tips

May WPI Inflation at 0.79%
The May Wholesale Price Index (WPI) Inflation came in at 0.79% as compared to 0.34% seen in the previous month
May WPI Inflation at 0.79% Vs 0.34% (MoM)
March WPI Inflation revised to -0.45% from -0.85% (MoM)
Primary Articles Inflation at 4.55% Vs 2.34% (MoM)
Food Articles Inflation at 7.88% Vs 4.23% (MoM)
Vegetable Inflation at 12.94% Vs 2.21% (MoM)
Fruits Inflation at 3.80% Vs -2.38% (MoM)
Food Articles Inflation at 7.88% Vs 4.23% (MoM)
Egg, Meat & Fish Inflation at 9.75% Vs 3.34% (MoM)
Fuel Inflation -6.14% at Vs -4.83% (MoM)
Manufactured Products Inflation at 0.91% Vs 0.71% (MoM)
Primary Articles Index 2.4% MoM
Non-food Articles Index Up 0.4% MoM
All Commodities Index up 1.4% (MoM)
Food Articles Index Up 2.8% MoM.

Havells signs agreement to acquire 70% stake in Promptec
Havells India has signed a tripartite agreement with Promptec Renewable Energy Solutions Pvt Ltd and the Shareholders of Promptec, whereby Havells has agreed to acquire upto 70% stake in Promptec.
Promptec is a Bangalore based entity engaged in marketing and manufacturing of LED products including street lighting, office lights and solar lighting.

ITC to source quality ingredients adhering to EU standards
ITC to source quality ingredients adhering to EU standards; pricing difference for quality products would about 20-25% at the premium – positive from long term perspective for non-cigarette FMCG business
ITC will focus on the wellness aspect for its packaged food business to differentiate its offerings from competitors, a move that the company hopes will appeal to rapidly growing health-conscious consumers.

Bharti Infratel announces buyback of equity shares
Bharti Infratel, the flagship company of Bharti Enterprise has announced buyback of 4.70 crore equity shares of Rs10 at a price of Rs425 per share.
The buyback shall be undertaken on a proportionate basis from the shareholders as of June 16, 2016.
As the record date is June 16, investors have to buy Bharti Infratel shares by Tuesday to participate in the buyback offer. Public holding stands at 28.22% in the company.

BHEL commissions 195 MW unit at Muzaffarpur plant
State-run power equipment maker Bharat Heavy Electricals (BHEL) has commissioned another 195 MW unit at Muzaffarpur thermal power station in Bihar.
This is the second 195 MW unit to be commissioned by BHEL at the 2x195 MW Muzaffarpur Thermal Power Station Stage-II of Kanti Bijlee Utpadan Nigam Ltd (KBUNL), a joint venture of NTPC and BSPGCL.
The first 195 MW unit was commissioned in March, 2015. BHEL is the leading supplier of coal-based main plant equipment to NTPC and its joint ventures, with an over 80% share in their installed capacity.

Read our more services below:
CapitalStars Financial Research Financial Advisory Services 
www.capitalstars.com |T:+91-731-6790000,6669900


No comments:

Post a Comment