Business Daily from THE HINDU group of publications
Saturday, July 26, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Saturday, July 26, 2008 ePaper | Mobile/PDA Version | Audio |
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PERFORMANCE: Hindustan Unilever: Strong traction in topline continues Pricing power offsets input cost pressures. June quarter numbers of FMCG giant - Hindustan Unilever (HUL) have substantially exceeded street expectations and reaffirm that FMCGs - especially staples such as soaps, detergents and personal ... OUTLOOK: Reliance Ind slumps on growth concern Falling crude prices might affect profitability: Analysts. Mumbai, July 25 Shares of Reliance Industries Ltd (RIL) slumped close to 7 per cent, a day after the company reported a 13 per cent growth in net profit for the quarter ended June ... NEW PROJECTS: Exide to invest Rs 180 cr on capacity expansion First quarter net profit rises 17%, turnover 34%. Kolkata, July 25 Exide Industries Ltd will invest Rs 180 crore towards capacity expansion of both automotive and industrial batteries in this fiscal. ... OUTLOOK: Indiabulls, Emkay, JM Financial report dip in consolidated net Future outlook remains cautious. Mumbai, July 25 The consolidated net profits reported by three broking houses for the quarter ended June 30, 2008, were down. ... NEW PROJECTS: Zensar to set up facilities in Pune, Hyderabad More focus in E. Europe; working on software for kiranas. Pune, July 25 Zensar Technologies is setting up facilities, each with 300 seats, one at the EON SEZ (special economic zone) in Pune and another in Hyderabad. The company is also ... OUTLOOK: Shriram EPC sees big revenues from renewable energy sector in 2 years Scouting for investors to grow biomass power biz. Chennai, July 25 Shriram EPC sees the renewable energy sector, particularly wind and biomass power, as a significant area of growth. The company’s joint venture for manufacturing wind ... ALLIANCES & JOINT VENTURES: CCEA approves Volvo-Eicher deal New Delhi, July 25 The Cabinet Committee on Economic Affairs has given its consent to AB Volvo to own 45.6 per cent stake in the joint venture with Eicher Motors Ltd to produce commercial vehicles and ... FINANCIAL PERFORMANCE: Godrej Consumer Q1 standalone net dips 4% Mumbai, July 25 High input costs and unusual advertisement and promotion spends pulled down Godrej Consumer Products Ltd (GCPL’s) net profit by 4 per cent to Rs 34.3 crore in the first quarter of the current fiscal against Rs 35.8 ... OPEN OFFERS: Emami Assam plant to go on stream in Aug Kolkata, July 25 Emami Ltd’s Rs 40-crore new plant at Abhoyput in Guwahati would begin commercial production in ... OUTLOOK: Margins will go down this quarter: Mahindra Mumbai, July 25 The Mahindra & Mahindra Automotive Sector President, Dr Pawan Goenka, predicts a short-term downturn for the auto industry as margins are under pressure due to increase in input cost, fuel price and inflation. ... NEW BUSINESS: Correction With reference to the news report on Bosch Ltd, that appeared in these columns on July 22, the company says that it plans to come out with Gasoline Engine Management System, and that it is prepared to meet the demand for common rail diesel ... PERFORMANCE: Reliance Industries: Worrying signals Reliance Industries’ first quarter results for 2008-09, declared on Thursday, apart from being a tepid show, throws up some worrying signs on the near-term outlook for the company. Not surprising then, that the market sent the stock down ... FINANCIAL PERFORMANCE: Gulf Oil revenue grows 38% Gulf Oil Corporation recorded sales income of Rs 247 crore with net profit of Rs 5.57 crore for the first quarter ending June 30, 2008 reflecting a growth of 38 per cent in revenues and 5 per cent in net profit over the corresponding quarter last ... ALLIANCES & JOINT VENTURES: GAIL, BPCL sign pact GAIL (India) Ltd and Bharat Petroleum Corporation Ltd have signed a memorandum of understanding for cooperation in the areas of natural gas — transmission and distribution, LPG pipeline, city gas projects, exploration and production, use ... REGULATORY BODIES & RULINGS: MSN Labs completes FDA audit MSN Laboratories Pvt Ltd, a manufacturer of Active Pharmaceutical Ingredients (APIs) and formulations, has successfully completed the audit of US Food and Drug Administration. “Crossing the audit process will help us in foraying into the ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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