The annual rate of inflation, based on monthly wholesale price index (WPI), stood at -3.81% for the month of October 2015. The Wholesale Price Index-based inflation was (-) 4.54% in September. In October last year, it was 1.66%. This is 12 month in a row when the inflation at wholesale level remained in the negative territory.
Apollo Tyres has acquired Reifencom GmbH, one of the largest tyre distributors in Germany, for €45.6 million. The Germany-based tyre distributor has both online and offline presence.
La Opala RG net profit rose 35.9% to Rs 15.07 crore on 11.9% rise in net sales to Rs 62.26 crore in Q2 September 2015 over Q2 September 2014.