Ten State Governments announce Auction of State Development Loans 2021 for of `7,088.000 crore on February 15, 2011.
FMCG majors Wipro Consumer Care and Lighting (WCCL), ITC Foods, Emami and Dabur are expanding manufacturing capacity and beefing up distribution network reports The Financial Express.
State-run HPCL has reported a net profit of Rs 211 crore for the quarter ended December 2010 as against Rs 31.4 crore in same quarter the previous year.
DB Realty has come under a cloud after the arrest of its MD Shahid Balwa in connection with the 2G scam investigations. But speaking exclusively to CNBC-TV18 DB Group chairman Vinod Goenka said that there is no connection between DB Realty and Etisalat DB.
Feminine and Infant Hygiene Association of India (FIHA), has sought waiver of the 10 per cent excise duty on sanitary napkins in the Budget 2011-12, reports The Economic Times.
The world's largest aluminium rolling company Hindalco Industries is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its net profit is expected to go up at Rs 543.95 crore as against Rs 433.81 crore in previous quarter and Rs 427.1 crore in same quarter the previous year.
Aban Offshore has reported a consolidated net profit of Rs 62 crore for the quarter ended December 2010 as against Rs 89.4 crore in same quarter the previous year.
Second Liquidity Adjustment Facility : Auction Results
Standard Chartered Mid-Market Mid-Cap Fund has invested $10 million in Pune-based Innoventive Industries Ltd, which manufactures precision tubes and tube-based auto components, sources close to the development said.
State-run MTNL has reported a net loss of Rs 670 crore for the quarter ended December 2010 as against Rs 920 crore in same period the previous year.
FMCG major Hindustan Unilever is exploring ways to finance rural and small town FMCG retailers, reports The Hindu Business Line.
The Consumer Complaints Council (CCC) of ASCI has found some advertisements of Bharti Telemedia, Gillette India, Piramal Healthcare misleading, reports The Hindu Business Line.
Idea Cellular on Thursday said the TRAI recommendations on 2G spectrum pricing were flawed and adopting them would be like "slaughtering the goose laying golden eggs of progress", reports The Economic Times.
FMCG major Hindustan Unilever Ltd (HUL) said it may further hike product prices because of rising input costs, reports The Economic Times. The company had recently raised prices of its 'Lux' and 'Liril' soap brands by up to 10 per cent.
India’s largest direct selling fast moving consumer goods company Amway India is planning its second manufacturing unit in the south to meet its revenue target of Rs 2,500 crore for calendar year 2012, reports Financial Chronicle, quoting a company official.
The contribution of rural markets, which are growing faster than urban markets, to Hindustan Unilever's (HUL) turnover is expected to rise from about 40 per cent now to 50 per cent in the next four to five years, reports The Times of India, quoting a company official.
Prabhudas Lilladher is bullish on United Spirits (UNSP) and has recommended accumulate rating on the stock with a target of Rs 1186 in its February 10, 2011 research report.
Reserve Bank of India - Bulletin Weekly Statistical Supplement - Extract
India gold extended gains for a fourth session on Friday to its highest level in three weeks, helped by a weak rupee, but price gains deterred traders to book new deals in the wedding season.
Consumer electronics major LG Electronics is eyeing an annual revenue growth of 30 per cent in India this calendar, reports The Times of India, quoting LG India Chief Operating Officer Y.V. Verma. The company’s posted revenues of Rs.11,000 crore last year.
Consumer durables firms like Sony, LG and Samsung are gearing up to cash in on the cricket fever by coming up with several initiatives, including new campaigns and special offers to woo customers, reports Deccan Herald. The ICC cricket world cup will kick off on February 19.
Parvez Umrigar, a former infrastructure executive who joined Enam's infrastructure fund, has stepped down to join the $3-billion textile-to-gas pipes-maker Welspun Group, sources told VCCircle.
Durables and appliances brand Samsung India has forayed into the education business, reports The Hindu Business Line. The company introduced its interactive e-boards for classrooms. It targets 20,000 educational institutions pan-India to deploy its ‘smart solution.'
Sony India expects to increase its market share in the flat panel TV segment to 40 percent from the current 35 percent, riding the cricket World Cup wave, reports The Economic Times, quoting a top official.
Whirlpool India will invest up to Rs 125 crore on new product development, marketing and enhancing infrastructure in the next fiscal, reports The Economic Times.