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Vedanta Resources: Hindustan Zinc, Bharat Aluminium stake sale will be a windfall
May 17, 2013 at 20:17 | Source: Financial Express
Vedanta Resources today said its offer to buy out government stakes in Hindustan Zinc and Bharat Aluminium Company (Balco) for which it is awaiting the response will be "windfall" for all stakeholders. "We have no doubt that this (deal to acquire re...
Vedanta says spending cycle ending, cash gusher ahead
May 17, 2013 at 11:26 | Source: DNA India
Vedanta Resources the London-listed India-focussed mineral conglomerate is looking forward to a healthy run of better cash flows and margins in the next few years, now that its capital expenditure cycle is coming to an end. While analysts are still ...
HZL, Balco stake sale will be windfall for everyone: Vedanta
May 16, 2013 at 21:52 | Source: The Hindu BusinessLine
New Delhi, May 16: Vedanta Resources today said its offer to buy out government stakes in Hindustan Zinc and Bharat Aluminium Company (Balco) for which it is awaiting the response will be “windfall” for all stakeholders.“We have no...
May 16, 2013 at 19:12 | Source: The Hindu BusinessLine
Kedar Rajadnye is responsible for marketing at the Consumer Products division of Piramal Enterprises Ltd, which is in the OTC pharma business. Chosen to work at Hindustan Lever out of campus while studying at Mumbai’s Jamnalal Bajaj Institute ...
Cairn India boosts Vedanta's FY'13 net profit by 163%
May 16, 2013 at 18:42 | Source: DomainB
Vedanta Resources today reported a 163 per cent jump in its net profit at $157.4 million for the 2012-13 financial year, against a net profit of $59.8 million during the previous financial year ended 31 March 2012, gaining from its oil sector acquis...
O&G company Cairn India help Vedanta up profit 21%
May 16, 2013 at 14:17 | Source: FirstPost
London: India-focused miner Vedanta's full-year earnings rose 21 percent, as revenue from oil and gas assets acquired in late 2011 helped offset iron ore mining bans that cost it almost $500 million in lost profit.Vedanta said earnings before interes...
Buy Hindustan Zinc with a target price of Rs 126: Prakash Gaba
May 16, 2013 at 13:27 | Source: Economic Times
Prakash Gaba, CFT, prakashgaba.com, shares his views on Hindustan Zinc. ET Now: What is your view on Hindustan Zinc? Prakash Gaba: Hindustan Zinc is a 'BUY' call with a target of Rs 126 and a stop loss of Rs 119. ...
Wholesale price inflation tumbles to 4.89% in April
May 14, 2013 at 17:57 | Source: DomainB
The annual rate of inflation in April 2013, based on the wholesale price index (WPI), declined further by 1.07 percentage points to 4.89 per cent - below Reserve Bank's comfort zone of 5 per cent for the first time in over three years - from the pre...
Why not eat more insects to fight hunger, says UN
May 13, 2013 at 15:23 | Source: FirstPost
Rome: The U.N. has new weapons to fight hunger, boost nutrition and reduce pollution, and they might be crawling or flying near you right now: edible insects.The Food and Agriculture Organization on Monday hailed the likes of grasshoppers, ants and o...
India Inc: Sluggish sales, flat profits in fourth quarter
May 11, 2013 at 22:47 | Source: The Hindu BusinessLine
May 11, 2013: Halfway into the earnings season, corporate results for the recently-concluded January-March quarter show that India Inc’s slowdown woes haven’t ended. Sales for 509 listed companies that have so far declared results grew a...
10 things cruise lines won’t tell you
May 11, 2013 at 08:08 | Source: Market Watch
1. “Our ships might sink, but we won’t.“ It’s been a tough couple of seasons for the cruise ship industry. First, the Costa Concordia, a 3,800-passenger ship operated by a unit of Carnival Corp., ran aground off the coast of Italy in January...
Copper moves up on increased industrial demand
May 04, 2013 at 21:12 | Source: The Hindu BusinessLine
New Delhi, May 4: Copper prices moved up by Rs 2 per kg on the local non-ferrous metals market on Saturday due to increased industrial demand.Traders said increased industrial demand mainly led to rise in copper prices. In the national capital, copp...
FAO sees 34.9% reduction in malnutrition in India between 1990-92 and 2010-12: minister
May 03, 2013 at 18:42 | Source: DomainB
Malnutrition and undernourishment in India declined at a faster rate of 34.9 per cent over a 10-year period between 1990-92 and 2010-12, according to the UN Food Agriculture Organisation (FAO). The percentage of undernourished people in India came d...
Shanghai stocks rebound to pace gains in Asia
May 03, 2013 at 10:41 | Source: Market Watch
HONG KONG (MarketWatch) — Most Asian stock markets rose on Friday after the European Central Bank cut its interest rate and U.S. jobless claims unexpectedly declined, with Shanghai-listed shares rebounding strongly after a string of recent decline...
New plant protein discoveries could ease global food and fuel demands
May 02, 2013 at 21:42 | Source: DomainB
New discoveries of the way plants transport important substances across their biological membranes to resist toxic metals and pests, increase salt and drought tolerance, control water loss and store sugar can have profound implications for increasin...
Hindustan Zinc key for Sesa-Sterlite debt cut
May 01, 2013 at 09:25 | Source: DNA India
The massive Rs 65,000 crore combined debt of Sterlite Industries and Sesa Goa, which are proposed to be merged, can come under serious threat if the government doesn t agree to sell its stake in the cash-rich Hindustan Zinc soon. Sterlite-Sesa, whic...
Sterlite's net profit jumps 51% in Q4
Apr 30, 2013 at 23:26 | Source: Business Today
Buoyed by higher sales and EBITDA, metals major Sterlite Industries (India) clocked 51 per cent jump in the January-March quarter net profit at Rs 1,925 crore.For the entire 2012-13 fiscal, the company reported net profit of Rs 6,060 crore, up 26 pe...
BSE Sensex ends at 1-month high; HUL rallies 17%
Apr 30, 2013 at 20:47 | Source: DomainB
Key equity benchmarks closed at one-month highs, boosted by heavy buying in FMCG, metal and telecom shares. Hindustan Unilever (HUL) rose 17 percent after parent Unilever announced an open offer to buy 22 percent stake in the company at Rs 600 apiec...
Sterlite Q4 profits jump 51% to Rs 1,925 cr
Apr 30, 2013 at 16:37 | Source: The Hindu BusinessLine
New Delhi, April 30: Sterlite Industries has reported a 51 per cent jump in net profit at Rs 1,925 crore for the fourth quarter ended March 31, 2013 on the back of higher sales.The net profit stood at Rs 1,277 crore in the corresponding quarter of 2...
Sterlite Industries Q4 net profit up 51 per cent at Rs 1,925 cr
Apr 30, 2013 at 14:25 | Source: Economic Times
NEW DELHI: Metals major Sterlite Industries today reported 51 per cent jump in net profit at Rs 1,925 crore for the fourth quarter ended March 31, 2013, on the back of higher sales. The Anil Agarwal-led company's net profit stood at Rs 1,277 crore i...










