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FMCG firms, GCPL and Emami, have expressed interest in acquiring Chennai-based Henkel India's haircare business, reports Business Standard.
Hindustan Unilever has quietly opened a 'Bru World Café' outlet on a pilot basis at Juhu, an upmarket western suburb of Mumbai, reports The Economic Times.
The benchmark Nifty was sailing through choppy waters at 14:07 hours. Capital goods, FMCG, metal and select healthcare companies' shares were witnessing selling pressure.
The 2011–12 Budget was largely positive for most companies FMCG companies with peak excise duty remaining unchanged, only a marginal hike in MAT rate (from 18% to 18.5%), and an increase in tax exemption for individual taxpayers (raising disposable incomes), reports The Economic Times quoting Religare Capital Markets’ reports.
Parle-G, the glucose biscuit brand from Parle Products , has consolidated its position as the world's largest selling biscuit brand, says a report by Nielsen, reports The Economic Times.
Reliance Power touched an intraday high of Rs 119.10 and an intraday low of Rs 114.25. At 14:08 hrs the share was quoting at Rs 118.10, up Rs 4.50, or 3.96%.
ABB touched an intraday high of Rs 748.90 and an intraday low of Rs 682.15. At 14:03 hrs the share was quoting at Rs 741.00, up Rs 52.45, or 7.62%.
Larsen and Toubro (L&T) was the top loser on the Sensex. It touched an intraday high of Rs 1,683.10 and an intraday low of Rs 1,610.75. At 13:54 hrs the share was quoting at Rs 1,612.80, down Rs 49.20, or 2.96%.
Sushil Finance is bullish on HSIL and has recommended buy rating on the stock with a target of Rs 175 in its March 3, 2011 research report.
Henkel India MD Jayant Singh is exiting the firm two years after he took over as managing director, in a move that is being linked to the company's lukewarm performance in India over the past two years, reports The Economic Times.
Bharat Heavy Electricals has its Board of Directors meeting on March 15, 2011 to consider interim dividend.
Sushil Finance is bullish on Patel Engineering Company and has recommended buy rating on the stock with a target of Rs 300 in its March 1, 2011 research report.
BGR Energy Systems' environment division secures contracts for condensate polishing units. It touched an intraday high of Rs 453.50 and an intraday low of Rs 440.05. At 12:48 hrs the share was quoting at Rs 446, up Rs 7.55, or 1.72%.
Stride Arcolab has announced first European approval for oncology product. It touched an intraday high of Rs 378 and an intraday low of Rs 361.05. At 12:48 hrs the share was quoting at Rs 372.10, up Rs 13.05, or 3.63%.
RBI Reference Rate for US $ and Euro
Indian equity benchmarks continued their uptrend for the fifth consecutive session today at 12:34 hours, especially since the budget day, supported by financial, auto, power, technology and Anil Dhirubhai Ambani Group (ADAG) companies' shares.
The ongoing political turbulence in Egypt could affect import of fertiliser inputs for “some time”, says a note put up by the Ministry of Chemicals and Fertilisers.
After cracking the temp staffing market, TeamLease’s Manish Sabharwal is focussing on training so he can convert more job seekers into employees.
If you pick up George W. Bush’s memoir, Decision Points, hoping to find some behind-the-door-stuff on the US’ nuclear deal with India, you’ll be disappointed. He dismisses it in half a sentence towards the end of the book. The only other mention of India is in the context of Pakistan.
Dealers in money market believe that the Reserve Bank of India is likely to hike interest rates in its forthcoming mid-quarter review of the policy on March 17 to tame inflation.
The Finance Minister increased the budget allocation for the healthcare sector to Rs 267 billion; an increase of 20% over last year's budget allocation.
KRChoksey has come out with its report on FMCG sector.
The annual premium equivalent (APE) for the life insurance industry continued to contract in January 2011 due to the change in the norms governing the unit-linked insurance plans (ULIPs).
The budget proposal to levy a 5% service tax on all services provided by centrally air-conditioned clinical establishments has stirred up a storm.
Retirement fund manager EPFO's trustees today approved a proposal to resume investment in the scam-hit LIC Housing Finance, a subsidiary of the country's largest insurance company Life Insurance Corporation.
