Maruti Suzuki Q4 net profit down 12% to Rs1134 cr (YoY)
Maruti Suzuki India has announced the following Q4 & FY16 results for the quarter & year ended March 31, 2016:
Standalone
For the Quarter ended March 31, 2016 (Unaudited)
Net Profit falls by 11.72% to Rs1133.60 crore Vs Rs1284.20 crore (YoY).
Total Income increased by 10.62% to Rs15426.90 crore Vs Rs13944.70 crore (YoY).
M&M launches Scorpio Adventure at Rs13.07 lakh
M&M has launched the Scorpio Adventure Limited Edition utility vehicle at a price of Rs13.07 lakh (Ex-showroom pre-Octroi, Navi Mumbai) and is based on the top-of-the-line S10 variant of the existing Scorpio.
While the vehicle's interior remains unchanged, it looks slightly different from outside with Mist Silver and White dual-tone with adventure-themed decals, gun metal-finished alloy wheels and red brake callipers.
BPCL receives green nod for Rs694 crore project
BPCL has received green nod for its Rs694 crore project of developing LPG 1 mmpta import terminal as well as storage, bottling and bulk distribution facilities at Haldia Dock Complex in West Bengal.
Sun Pharma, Govt in PPP for malaria eradication
Sun Pharmaceuticals has entered into a public private partnership (PPP) with the Union and Madhya Pradesh governments for a campaign to ensure a malaria-free India.
In this partnership, the three stakeholders will establish a phased malaria eradication project for most endemic districts of Madhya Pradesh.
Moreover, the company and the Indian Council of Medical Research (ICMR) may enter a joint drug development programme to manufacture new patented drugs.
Hindalco up after Aditya to accept improved Metals X bid
Hindalco Industries has announced that it has communicated to Aditya Birla Minerals ( ABML) its intention to accept the improved offer by Metal X to acquire shares of ABML subject to receiving the approval of the Reserve Bank of India ( RBI) and no bona fide superior proposal being announced by a third party within 5 business days of Metals X announcing its intention to make the offer.
Metal X, a listed company in Australia has made an announcement regarding its intention to improve its ongoing takeover offer for acquiring shares of ABML under the relevant laws of Australia. ABML is a subsidiary of Hindalco Industries and listed on Australian Stock Exchange.
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