LATEST BUSINESS NEWS

Shoppers Stop informs about update on hypercity

Shoppers Stop has informed that its 51% Subsidiary Company; Hypercity Retail (India) Ltd; has opened ‘Hypercity’ store at Garden Galleria Mall, Noida. With the opening of this store, there are now 17 ‘Hypercity’ stores.
source: ventura

 

Yday FIIs -450cr in Cash, +520cr in FNO. DIIs+350cr in Cash.

 

Nse APOLLOHOSP 76k @ 1363.20 value 10.46 crs (BULK / BLOCK DEALS)

 

Hero MotoCorp sells 639,802 units of two-wheelers in October 2015

With over 108,000 units of scooters sold in October, Hero MotoCorp crossed the landmark 1-lakh unit sales in scooters in a month
Hero MotoCorp, the world’s largest two-wheeler manufacturer, has reported sales of 639,802 units in October 2015, its highest ever sales in any month. This is a growth of 11.25% over the corresponding month last year when the company had sold 575,056 units. The company’s previous highest sales in same month were in October 2013 when it sold 625,420 units.

With over 108,000 units of scooters sold in October, Hero MotoCorp crossed the landmark 1-lakh unit sales in scooters in a month. In the domestic market, the company’s scooter sales grew by 74.6% in October this year over the corresponding month in 2014. With this, the market share of Hero MotoCorp in the domestic scooter market has risen from 13% in September to almost 20% at the end of October.

The highlight of October has clearly been the overwhelming success of the company’s newly-expanded scooters range -- Maestro, Pleasure, and the two newly-launched scooters -- Maestro Edge & Duet. The success of the scooters, coupled with its over 52% share in motorcycles, Hero MotoCorp has further strengthened its overall leadership in the two-wheeler market.

Hero MotoCorp has been the only Indian two-wheeler manufacturer to ever exceed the landmark of 6-lakh plus monthly sales, that too on multiple occasions. The company has crossed this milestone on four previous occasions – September 2015 (606,744), September 2014 (604,052), May 2014 (602,481) and October 2013 (625,420).
source:ventura

 

Lakshmi Vilas Bank plans to mop-up Rs 300 crore via QIP

The bank has traditionally been focusing on the small and medium enterprises segment
In a bid to support its growth in the overall business, Lakshmi Vilas Bank is planning to raise around Rs 300 crore through qualified institutional placement (QIP).

The bank has traditionally been focusing on the small and medium enterprises segment. While it continues to focus on it, the other growth area would be personal loans, non-business retail and other retail products.

The bank’s retail advance, which is currently below Rs 10 crore, has grown 32 per cent on a year-on-year (y-o-y) basis. Total business mix of the bank improved from Rs 33,039.20 crore to Rs 41,019.12 crore at the end of September 2015, an increase of 24 per cent, y-o-y.
source:ventura

 

Nse BALKRISIND 1.54 lacs @ 667 value 10.32 crs (BULK / BLOCK DEALS)

 

Rare Enterprises ( Rakesh JhunJhunwala ) buys 11.95 lakh shares of Jet Airways

The shares were purchased on an average price of Rs 422.76 valuing the transaction to Rs 50.52 crore
Rare Enterprises has bought 11.95 lakh shares of Jet Airways through open market route. The shares were purchased on an average price of Rs 422.76 valuing the transaction to Rs 50.52 crore.

Jet Airways currently operates a fleet of 116 aircraft, which include a mix of state-of-the-art Boeing 777-300 ERs/Airbus A330-200/300 aircraft, Next Generation Boeing 737s and ATR 72-500/600s, and has one of the youngest fleet in the region with an average of 6.01 years.
source:ventura

 

United Spirits sells French winery ‘Bouvet Ladubay’

The company has valued the sale of the premium wine brand through its subsidiary -- AOIL -- at Rs 8.86 crore
As a part of its restructuring exercise, United Spirits (USL) has sold French winery Bouvet Ladubay. The company has valued the sale of the premium wine brand through its subsidiary -- Asian Opportunities and Investments (AOIL) -- at Rs 8.86 crore.

In 2006, USL Chairman Vijay Mallya had bought the French winery, located in the Loire Valle, for €15 million (Rs 108.16 crore) to market high quality wines in India. USL was importing wines from Bouvet Ladubay, founded in 1851, in both bottled and bulk formats.

United Spirits is the largest spirits company in India and a flagship entity of $2 billion UB group. It manufactures wide range of whisky, vodka, rum and other spirits.
source:ventura

 

RBI allows FIIs to invest up to 30% in Petronet LNG

Foreign investors currently hold 22.45 per cent stake in the company
Reserve Bank of India (RBI) has allowed foreign institutional investors (FIIs)/ registered foreign portfolios investors (FPIs) invest up to 30 per cent of the paid-up capital of Petronet LNG under the portfolio investment scheme. The RBI has notified permitting fresh purchases by FIIs/RFPIs in Petronet LNG, as their holdings fell below the threshold limit.

Foreign investors currently hold 22.45 per cent stake in the company. They can buy shares through the primary markets as well as stock exchanges.

Petronet LNG is one of the leading players in oil and natural gas industry space. It has India’s first and largest LNG supply terminal located at Dahej.
source:ventura

 

Nse INFRATEL 13 lacs @ 386.30 value 50.29 crs (BULK / BLOCK DEALS)

 

Nse INFRATEL 13 lacs @ 386.30 value 50.29 crs (BULK / BLOCK DEALS)

 

RPP Infra Projects forms joint venture with China's Hunan Construction

The company currently has a very strong foothold in mid-size orders in southern state and with this JV with Hunan it will start bidding big size orders with Hunan expertise
RPP Infra Projects has formed a joint venture with China's largest state-owned firm Hunan Construction Engineering Group Corporation, a pact that will help in capturing big-size orders and profitable business in the infra space in India. This joint venture will also provide strength and opportunity to RPP Infra Projects to negotiate better profitable terms with parties. The company currently has a very strong foothold in mid-size orders in southern state and with this JV with Hunan it will start bidding big size orders with Hunan expertise. Hunan and RPP Infra Projects have associated into a joint venture to act in collaboration with each other under the name and style of Hunan-RPP joint venture. Hunan will act as a lead partner of the joint venture to make all necessary statement on behalf of the joint venture.

RPP Infra Projects is engaged in business of infrastructure development such as highway, roads, bridges, civil construction works/ irrigation & water supply projects & power plants.
source:ventura

 

IOC reports net loss of Rs 329.17 crore in Q2 net profit

Total income of the company has decreased by 23.33% at Rs 85961.35 crore for quarter under review
Indian Oil Corporation (IOC) has reported results for second quarter ended September 30, 2015.

The company has posted a net loss of Rs 329.17 crore for the quarter ended September 30, 2015 as compared to net loss of Rs 898.46 crore for the same quarter in the previous year. Total income of the company has decreased by 23.33% at Rs 85961.35 crore for quarter under review as compared to Rs 112121.01 crore for the quarter ended September 30, 2014.

IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.
source:ventura

 

Nse PETRONET 6.02 lacs @ 204.75 value 12.33 crs (BULK / BLOCK DEALS)

 

REPCO HOME FINANCE Rs.39cr vs Rs.33cr yoy, vs Rs.30cr qoq

 

L&T FIN Q2 con sPAT Rs.215cr vs Rs.182cr yoy

 

MANALI PETRO Q2 PAT Rs.17cr vs Rs.13cr yoy

 

MANALI PETRO Q2 PAT Rs.17cr vs Rs.13cr yoy

 

WHIRLPOOL Q2 PAT Rs.38cr vs Rs.41cr yoy, vs Rs.98cr qoq

 

BAJAJ HIND Q2 loss Rs.280cr vs loss of Rs.131cr yoy