Hindustan Copper Ltd (HCL) has reported their Q4 results for FY11. They posted a 33.54% drop in their net profit at Rs 61 crore as compared to Rs 91 crore last year same period. Their topline decreased to Rs 285 crore as against Rs 408 crore.
ITC beat analysts’ expectations Friday as fourth quarter (January-March) net profit surged 24.6% year-on-year to Rs 1,281.48 crore, aided by strong growth in cigarette sales and reduced losses in other FMCG business.
ITC is to announce its fourth quarter results. According to CNBC-TV18’s estimates, the company’s Q4FY11 net sales are seen up 11% at Rs 5626 crore as against Rs 5053 crore.
Its a one man army special on Tech Toyz with Ankit getting to live his dreams for a day. However, he has a new partner in crime co-anchoring with him this week, Seema Mody.
The recent volatility in the stock markets notwithstanding, private equity firm Warburg Pincus is bullish on india. it adds that the recent scams and scandals that have rocked the country have a positive outcome, reports CNBC-TV18's Seema Mody.
Hero Investments will buy Honda's stake in Hero Honda at a huge discount of Rs 740 per share. It will pay Honda an annual royalty of Rs 600 crore per year, which is not linked to volumes. Hero will also pay a fee of USD 2-5 million per new model.
Sources indicate that country’s largest motorcycle maker Hero Group has selected US private equity firm Bain Capital and the Government of Singapore Investment Corp (GIC) combined to sell 12% stake in the company.
FMCG giant Hindustan Unilever came out with a disappointing set of numbers. CNBC-TV18's Mitra Joshi and Seema Mody report.