• RBI allows FII limit to 30% in Petronet LNG
Petronet LNG - RBI allowed FII limit to 30% of paid up capital of Petronet LNG
• IDBI Bank Q2FY16 posts weak performance
IDBI Bank has reported flattish growth in profits (up 1.2% YoY to Rs119.5 crore) due to a 30% YoY rise in provisions. The net interest income growth was relatively better as it grew by 14.6% YoY supported by YoY increase in margins.
• Marico Q2 consolidated results see tepid revenue growth
Marico Q2FY2016 consolidated results – tepid revenue growth; margin expansion boosted PAT growth (company announced bonus issue of 1:1)
Marico’s consolidate revenues grew by 4% to Rs1485.4crore entirely driven by 4% volume growth.
• Oberoi Realty sells 68% of Oberoi Sky city in Borivali
Oberoi Realty has managed to sell 68% of Oberoi Sky city in Borivali within two days of launch as per media reports Inventory worth Rs1,350 crore was sold for a booking amount of Rs120 crore.
The company sold 543 apartments of the 800 units on offer at a price starting at Rs2.5 crore. The development is positive for Oberoi Realty.
• Nestle to start sale of Maggie from November 2015
Nestle India will start sale of Maggie noodles from November 2015 as it received clearance from all the labs for fresh samples manufactured in the units of Goa and Karnataka manufacturing units – positive read through for the stock
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