Reliance Industries reported an 18.9% rise in standalone net profit for the quarter ended June 30, 2013, despite a 4.6% fall in revenues. WPI inflation in India increased to 4.86% in June, driven by higher food prices. Abu Dhabi's Al Dahra Holdings will acquire a 20% stake in Kohinoor Foods for $18.8 million. Tata Global Beverages will monetize a land parcel in Bangalore through a deal worth $32.5 million. Texmaco Rail and Engineering will acquire a 24.9% stake in Kalindee Rail Nirman Engineers for $4.45 million.