Daily Corporate News Update

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 DAILY CORPORATE NEWS

TVS Motor surges as October 2015 volumes beat estimates

Shares of TVS Motor surged over 5% to Rs288.50 on NSE after October 2015 dispatch volumes rose 13.9% YoY to an all time high of 274,622 units; volumes beat estimates

TVS Motor reported a 13.8% YoY growth in two wheeler volumes for October 2015 to 264,112 units.

The motorcycle segment volumes grew by 17% YoY to 106,175 units.

The scooter volumes rose by 29.6% YoY to 91,430 units.

Moped volumes were down 5.9% YoY to 66,507 units.

Lupin gets USFDA nod for gAricept

Lupin Limited (Lupin) has received final approval for its Donepezil Hydrochloride Tablets, 23 mg

from the United States Food and Drug Administration (FDA) to market a generic version of Eisai Inc.'s Aricept Tablets, 23mg.

Adani Power Q2 consolidated net loss at Rs369 cr

Adani Power Ltd has announced the following results for the quarter ended September 30, 2015:

Unaudited Standalone results for the Quarter ended September 30, 2015

The Company has posted a net loss of Rs184.44 crore Vs net loss of Rs431.49 crore

Total Income is at Rs3078.37 crore Vs Rs2510.83 crore

ABB India Q3 net profit up 31%    

ABB India Ltd has announced the following Q3 results for the quarter ended September 30, 2015 

The Un-Audited Standalone results for the Quarter ended September 30, 2015:

The Company has posted a net profit of Rs58.74 crore Vs Rs44.98 crore (YoY).

Total Income has increased to Rs1969.49 crore Vs Rs1846.02 crore (YoY).

RBI fixes gold bonds issue price at Rs 2,684 per gram

Reserve Bank has fixed the public issue price at Rs 2,684 per gram for the sovereign gold bonds, for which applications will be accepted from November 5 to 20. 

IOC posts Q2 loss Rs 329 cr, April-Sep GRM at $5.76/bbl

State-run oil marketing company Indian Oil Corporation (IOC) has posted a loss of Rs 329 crore during July-September quarter compared to profit of Rs 6,435.7 crore in preceding quarter. Revenue declined 15.7 percent to Rs 85,384.8 crore during the quarter compared to Rs 1, 01,306.8 crore in year-ago period.

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