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.
