CapitalStars Investment Adviser:SEBI Registration Number: INA000001647: TOP CORPORATE NEWS-11 JULY 2016

Indusind Bank Q1 earnings In-line with estimates

Indusind Bank has announced the Q1 Unaudited Standalone results for the quarter ended June 30, 2016:

Net Profit surged by 25.96% to Rs661.38 crore Vs Rs525.04 crore.

Total Income increased by 22.36% to Rs4264.66 crore Vs Rs3485.11 crore.

Gross NPA at Rs860.6 Cr Vs Rs776.8 Cr (QoQ)

Gross NPA at 0.91% Vs 0.87% (QoQ)

Net NPA at Rs355.5 Cr Vs Rs321.8 Cr (QoQ)

Net NPA at 0.38% Vs 0.36% (QoQ)

Provisions at Rs230.5 Cr Vs Rs213.7 Cr (QoQ)

NII +38% at Rs1, 356.4 Cr Vs Rs981 Cr (YoY)

Bajaj Finance gains ahead of board meeting

The Board of Directors, i.e. July 26, 2016, scheduled to consider and take on record the unaudited financial results for the quarter ended June 30. 2016, in the said meeting, the Board may also consider:

a. Sub-division of equity shares of the Company of face value of Rs10 each, and/or

b. Issue of fully-paid bonus equity shares to the members of the Company.

The aforesaid proposal(s), if approved by the Board, will be subject to the approval of the shareholders.

PNB surges as RBI lifts restrictions

Punjab National Bank (PNB) rose nearly 4%, touching to Rs122.2, after the Reserve Bank of India (RBI) notified that the restrictions placed on the purchase of shares of the bank by foreign investors were withdrawn with immediate effect

The Reserve Bank of India ( RBI) notified on Friday, July 08, 2016 that the aggregate foreign shareholding by Foreign Institutional Investors ( FIIs) / Registered Foreign Portfolios Investors ( RFPIs) / Non Resident Indian ( NRI)/Persons of Indian Origin ( PIO)/ Foreign Direct Investment ( FDI)/American Depository Receipts ( ADR) / Global Depository Receipts ( GDR) under Portfolio Investment Scheme ( PIS) in PNB has gone below the prescribed threshold caution limit stipulated under the extant FDI policy.

HDFC Bank to focus on digital platform in coming years

Private sector lender HDFC Bank plans to focus on digital platforms in rural and semi- urban markets to achieve sustained growth in the coming years.

The bank is well positioned to continue to grow faster than the banking sector both in retail and wholesale segments, HDFC Bank said in its annual report for 2015-16.

Tata Motors global sales rise 21% to 92,551 units in June

Tata Motors reported 20.8% increase in global sales at 92,551 units, including that of Jaguar Land Rover (JLR) vehicles, in June.

The company had sold 76,602 units in June 2015, Tata Motors said.

In the passenger vehicles category, global sales stood at 59,831 units last month as against 45,519 units in the same month a year ago, up 31.44%.

Sales of luxury brand Jaguar Land Rover grew 35.2% to 47,197 units in June compared with 34,908 units in the same month last year.

Sales of commercial vehicles also rose 5.26% to 32,720 units from 31,083 units in the year-ago month.

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