Dabur bets big on international biz, to expand capacity
FMCG major Dabur India is betting big on its international business and plans to expand its manufacturing capacity to cater to the growing markets besides readying a slew of products for launch in new categories, Dabur (India) Chief Financial Officer S Raghunathan said, reports The Economic Times.
Kavveri Telecom may acquire two overseas cos
Bangalore-based Kavveri Telecom received a board approval to raise funds for overseas acquisitions. Speaking to CNBC-TV18 C Shivakumar Reddy, MD, Kavveri Telecom said the company’s core focus continues to be acquisition. The firm plans to increase our presence overseas, he divulged in the interview.
Rural FMCG market to reach $100 billion by 2025
The Indian rural fast moving consumer goods or FMCG market is expected to swell more than ten times to reach the $100 billion mark by 2025, according to a fresh study by The Nielsen Company, as reported in Live Mint.
Buy Crompton Greaves; target of Rs 370: KRChoksey
KRChoksey is bullish on Crompton Greaves and has recommended buy rating on the stock with a target of Rs 370 in its February 1, 2011 research report.
HUL aims for significant market share in 2011
FMCG company Hindustan Unilever Ltd (HUL) aims at garnering significant market share this year on the back of a huge response for its ‘Arogya’ tea brand, a top company official said, according to a report in The Economic Times.
SC directs RCom to deposit 50% of hiked spectrum fee
The Supreme Court has directed two Anil Ambani group firms Reliance Communications and Reliance Telecom to deposit 50% of the increased spectrum usage charge demanded by DoT, reports PTI.
Buy Tata Motors; target of Rs 1543: Anand Rathi Securities
Anand Rathi Securities is bullish on Tata Motors and has recommended buy rating on the stock with a target of Rs 1543 in its February 1, 2011 research report.
Eskay Knit Q3 PAT dn 53.2% at Rs 90 Lk
Eskay Knit Q3 PAT down 53.2% at Rs 90 Lakhs versus Rs 2 crore, YoY.
Rupee weakens as local stocks, euro slip
The rupee weakened on Friday tracking choppy domestic shares and the euro's drop against the dollar, and is expected to move in a narrow band with most Asian markets closed for the Lunar New Year holiday.
Bharti Retail, Airtel join hands for bill payment service
Bharti Retail announce a new service on Thursday that will allow customers to pay shopping bills through mobile, reports PTI.
Zandu Realty advances 12.2%
Zandu Realty touched an intraday high of Rs 2,350 and an intraday low of Rs 2,010. At 12:13 hrs the share was quoting at Rs 2,286.05, up Rs 250.25, or 12.29%.
Surya Pharma Q3 PAT up 30.8% at Rs 28cr
Surya Pharma Q3 PAT was up 30.8% at Rs 28 crore versus Rs 21.4 crore, YoY.
Mahindra and Mahindra top loser on Sensex
Mahindra and Mahindra was the top loser on the Sensex. It touched an intraday high of Rs 706.00 and an intraday low of Rs 681. At 12:07 hrs the share was quoting at Rs 682.40, down Rs 23.45, or 3.32%.
Ashapura Minechem Q3 net profit at Rs 12.8cr
Ashapura Minechem revenues were up 14.4% at Rs 140.9 crore versus Rs 123.2 crore, YoY.
PM says inflation 'serious threat' to growth
Prime Minister Manmohan Singh said on Friday India's high inflation posed a 'serious threat' to the country's growth momentum, and was driven by supply-side shortages.
2G Scam: Ex-telecom secy offers to disclose everything
Former telecom secretary Siddharth Behura has offered to disclose to the CBI everything he knows about the spectrum scam, reports the Economic Times.
Consumption growth to spawn many M&As in the FMCG space
India, with one of the fastest growing consumption markets in the world, is critical to the growth plans of multinational consumer companies with a presence here, more so because of the lacklustre growth in the developed markets, as reported in The Economic Times.
Buy NTPC; target of Rs 240: Motilal Oswal
Motilal Oswal is bullish on NTPC and has recommended buy rating on the stock with a target of Rs 240 in its February 1, 2011 research report.
Buy PVR; target of Rs 186: KRChoksey
KRChoksey is bullish on PVR and has recommended buy rating on the stock with a target of Rs 186 in its February 1, 2011 research report.
TRAI releases discussion paper on green telecom
The Telecom Regulatory Authority of India (TRAI) on Thursday released a discussion paper on "Green Telecommunications”. “As the second largest and fastest growing market in the world, there is need for India to be conscious of the concerns in this regard,"
RSWM Q3 PAT up 3.1 times at Rs 40cr
RSWM Q3 revenues were up 22.1% at Rs 482.8 crore versus Rs 395.4 crore, year-on-year, YoY. Its PAT was up 3.1 times at Rs 40 crore versus Rs 9.7 crore.
Buy Madhucon Projects; target of Rs 150: PINC Research
PINC Research is bullish on Madhucon Projects and has recommended buy rating on the stock with a target of Rs 150 in its February 1, 2011 research report.
US proposes Mubarak's immediate resignation
The Obama administration is discussing with Egyptian officials the immediate resignation of President Hosni Mubarak as one of several scenarios for a transition of power, a US official said.
Sell NALCO; target of Rs 374: Motilal Oswal
Motilal Oswal is bearish on National Aluminium Company (Nalco) and has recommended sell rating on the stock with a target of Rs 374 in its February 1, 2011 research report.
Buy 3i Infotech; target of Rs 90: Sushil Finance
Sushil Finance is bullish on 3i Infotech and has recommended buy rating on the stock with a target of Rs 90 in its January 31, 2011 research report.
