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RFQ forms for metro rail to be sold from July 24
Hyderabad Metro Rail Limited (HMRL), the special purpose vehicle set up to implement the metro rail project in the city, had postponed the sale of Request for Qualification (RFQ) applications for global bids to July 24, according to municipal administration and urban development principal secretary and Hyderabad metro rail project chairman CVSK Sarma.

Tech Mahindra: Forex gains
The September 2009 quarter results of leading IT players suggest that the global telecom industry is not out of the woods. Indicatively, Infosys and TCS‘ telecom segments’ share in overall revenues posted a decline of 60-70 bps sequentially — even on an absolute basis, their telecom-vertical revenues were lower sequentially. Given the muted outlook for the telecom sector, the topline and operating performance of Tech Mahindra, which derives 60 per cent from Europe and about 50 per cent from its major client, British Telecom (BT), is reasonably good.

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Emission cut will fuel more eco-friendly cars
Welcoming the government’s plan to cut down carbon emission intensity by 20-25 per cent by 2020, India’s automobile industry said it will compel manufacturers to produce greener cars with improved mileage.
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Godrej Consumer Products' net triples

Godrej Consumer Products Ltd (GCPL), the fast moving consumer goods (FMCG) company, showed a consolidated net profit of Rs 93 crore for the quarter ended September, almost three times the Rs 34.7 crore figure posted in the corresponding quarter last financial year. - Amway plans four Brand Experience Centres in Western India - North East industry to get excise duty breather - Marico net surges 32% to Rs 62 cr - ITC results bode well for FMCG firms - Jyothy Laboratories profit at Rs 14 cr - Dabur Q2 net up 30.7% The personal and household care company also saw its revenue increasing by 65 per cent to Rs 576 crore in the reported quarter, compared with Rs 348.1 crore in the corresponding quarter of last year. On a sequential basis (compared to the trailing quarter), its net profit rose by 32.85 per cent and revenue increased by 31.2 per cent. The results, however, include the results of Godrej Sara Lee, in which it holds a 49 per cent share. The company’s stock closed at Rs 271, which was 2.1 per cent below the previous day’s close. The board of directors recommended an interim dividend of Re 1 per share. GCPL’s share in Godrej Sara Lee’s sales for the quarter under review stood at Rs 139.7 crore and profit after tax (PAT) was Rs 21.6 crore. Godrej Sara Lee has under its portfolio several leading brands such as GoodKnight, JET, HIT, AmbiPur , Brylcreem and KIWI. Adi Godrej, Chairman, GCPL, said in a press statement: “We are witnessing healthy demand growth for all our products. We have undertaken several initiatives to augment our rural reach and enhance rural demand. These initiatives have started to show encouraging results.” Robust domestic demand has driven its sales across both soap and hair colour businesses, with toilet soap achieving a market share of 10.9 per cent and hair colour market share expanding to 34.7 per cent. International businesses performed well, too, growing by 20 per cent.


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