IIP at 3-Year HighCap goods up 22 percent; Consolidated durables up 17 percent.IIP boost are Thermax, Crompton, Voltas, Hitachi, BluestarCPI below estimates at 4.41 percent is only optically higher than August. Food prices at 3.8 percent, lower than estimate. Services higher at 5.8 percent. CPI & IIP mildly positive for banks.In a major set back for Hindalco, the Supreme Court today has directed Central Bureau of Investigation (CBI) to probe the aluminium giant company on allegations of bribery.This comes after the CBI discovered a diary allegedly detailing kickbacks from Hindalco to the Environment Ministry along with Rs 25 crore found in the company's premises.The apex court has directed CBI to conduct this probe within the provisions of the law, post the CBI prima facie deemed it as a case fit for a probe.CBI had not probed this diary earlier, saying that there was no connection between the diary and the coal block allocation scam.On the case, Aditya Birla Group said that SC did not make any comments if any offence is made out and that CBI is expected to examine documents and proceed as per the law. Tata Consultancy Services second quarter in FY16 earnings estimates. Performance has faltered in the last 4 quarters. Stock performance has been muted. I.T. in FocusThis Year ( percent) TCS rises 1.5Infosys rises 15CNX IT rises 4 Cox & Kings acquires late rooms from TUI for about Rs 80-85 crore. Late Rooms is an online hotel booking specialist in UK. Late Rooms FY15 revenue at 50 million pounds. New acquisition strategically positive for company. Deal gives it presence in online travel space. Deal creates synergies with subsidiary, Mini Break Holidays.Cox & Kings Consolidated long-term debt at Rs 3,306 crore. Consolidated short-term debt at Rs 150 crore. Cash on books at Rs 1,405 crore. Jayaswal Neco: ICRA downgrades company's Rs 4,360 crore loan facilities to junk. ICRA downgrade on account of delays in servicing debt obligations. Downgraded to 'D' indicates default grade. Term loans of Rs 3,355 crore: Downgraded to D from BBB. Long-term, fund-based facilities of Rs 580 crore. Fund-based facilities downgraded to D from BBB. Short-term, non-fund based facilities of Rs 425 crore. Non-fund based facilities downgraded to D from A3.Infosys delivery-based selling of Rs 600 crore yesterday. Delivery volumes of 52 lakh shares versus 10-day average of 32 lakh.Zensar Tech Delivery volumes of 1.75 lakh shares versus 10-day average of 26,622. Apax Partners bought 22.2 percent stake in company.Advanta Delivery volumes of 2.8 lakh shares versus 10-day average of 47,057.Astra Micro Delivery volumes of 8.5 lakh shares versus 10-day average of 93,869. Adani Power Delivery volumes of 51 lakh shares versus 10-day average of 19 lakh.
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