The role of the 53-year-old Noel Tata just got bigger in India’s biggest conglomerate on the 106th birth anniversary of JRD Tata, setting tongues wagging, yet again, on it being a step in the group’s succession plan for top job. The reclusive Tata, who grew the retail business more than 10-fold in less than a [...]
Edelweiss Mutual Fund has declared daily dividend under retail and institutional dividend option of Edelweiss Liquid Fund. The amount of dividend declared for July 27, 2010 is Rs 0.00103500 per unit for both individual/HUF and others under retail plan. Under institutional plan, the amount of dividend declared is Rs 0.00103400 per unit for both individual/HUF [...]
Sun Pharmaceutical Industries has announced the unaudited results for the quarter ended June 30, 2010. The Company has posted a surge of 165.51% in net profit after tax of Rs 322.63 crore for the quarter ended June 30, 2010 as compared to Rs 121.51 crore for the quarter ended June 30, 2009. Total Income has [...]
One day after the Credit Policy, banks have started pushing up deposit rates. HDFC Bank was the first of the block raising deposit rates from 25 to 50 basis points, reports CNBC-TV18. Central Bank of India will hike deposit rates by 25-50 bps from August. Sources at Axis Bank said they too should be shortly [...]
RCF is one of the leading producers of Fertilizers in India and was incorporated in 1978 with the reorganization of the erstwhile Fertilizer Corporation of India. Looking at the highertime frame chart we find that prices since Feb 10 have been undergoing some good accumulation, forming a pattern along the way. Tracing back a bit [...]
GIC Housing Finance gained 2.51% to Rs 122.60 at 13:20 IST on BSE, after net profit rose 14.63% to Rs 19.35 crore on 0.22% increase in total income to Rs 78.02 crore in Q1 June 2010 over Q1 June 2009. The company declared its results during trading hours today, 27 July 2010. Meanwhile, the BSE [...]
“We have witnessed a strong retail growth across all our brands and retail chains,” Bhaskar Bhat, managing director, said. The firm currently has 568 retail outlets across all its business segments which include watches, jewellery and eyewear. Watch and jewellery maker Titan Industries Ltd on Tuesday posted robust first-quarter numbers on the back of a [...]
THE interest rates are rising. It is good news for some – those who look at making deposits; bad news for some – those who are looking at taking loans. Savings however have to be channelled carefully so that the maximum can be gained from the deposits. Here are the top 5 savings instruments in [...]
Energy group Reliance Industries posted a 32% rise in fiscal first-quarter profit, slightly better-than-expected, helped by higher gas output from its fields off India’s east coast and improved refining margins. The company posted April-June net profit of Rs4,851 crore versus Rs3,666 crore a year earlier India’s largest listed conglomerate, controlled by billionaire Mukesh Ambani and [...]
The net sales grew by 36.1% year on year (yoy) to Rs87.3 crore (ahead of our expectation of Rs80.2 crore) on the back of the strong performance of the company’s pillar brands (Sugar Free, Everyuth and Nutralite) and the new variants recently launched. Sugar Free continues to dominate the market while the Everyuth range of [...]
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