Fast moving consumer goods major Hindustan Unilever has posted a net profit of Rs.429 crore for the second quarter of the 2009-10 fiscal which ended on Sep 30, registering a 22% dip from the Rs.547 crore reported during the corresponding period last fiscal.
 
Net sales of the firm has ...

Bangalore-based biscuits major Britannia has announced its foray into milk-based drinks segments with the launch of Actimind, a vitamin fortified drink for children, based on milk.
 
"This is not flavoured milk but a vitamin fortified milk-based drink," said the Britannia managing ...

Aditya Birla Nuvo has logged a net profit of Rs.59.2 crore for the second quarter of the 2009-10 fiscal which ended on Sep 30 as against the Rs.65.31 crore reported during the corresponding period previous fiscal.
 
The total income of the firm has been registered at Rs.1,249.18 crore for ...

Eveready Industries, which is into the manufacturing of dry batteries, has reported a net profit of Rs.17.54 crore for the second quarter of the 2009-10 fiscal ended on Sep 30 when compared to the Rs.2.26 crore reported during similar period last fiscal.
 
"Price of zinc, a key input ...

Cement manufacturer ACC has registered a net profit of Rs.435.6 crore for the Q2 of 2009-10 fiscal which ended on Sep 30. This net profit is 53.69% up from the Rs.283.4 crore net profit reported during similar quarter of last fiscal.
 
The income from operations have been reported to be ...

Vijay Mallya’s liquor firm United Breweries has registered a net profit of Rs.47.2 crore for the second quarter of 2009-10 fiscal ended on Sep 30 which is about 70% up from the net profit registered during the second quarter last fiscal.
 
The gross margin revenue of the firm has ...

Grasim Industries, an arm of Aditya Birla, has mentioned that it will be demerging its cement business into wholly-owned subsidiary Samruddhi. This step comes as a part of the restructuring plans of the firm.
 
"In a proposed restructuring, we (Grasim Cement) would like to demerge our ...

Harsh Vardhan Lodha has been appointed the chairman of Birla Corp "unanimously" by the board of directors.
 
Harsh Vardhan Lodha, son of the late chairman R.S. Lodha, served the company as the director till now.
 
R.S. Lodha was the disputed beneficiary of the M.P. Birla ...

The forged and machined components arm of Kalyani group, Bharat Forge has registered a net profit of Rs.26.8 crore for the second quarter of the 2009-10 fiscal which ended on Sep 30. This is 138.48% up from the Rs.11.25 crore registered during the corresponding period last fiscal.
 
But the ...

Infrastructure Development Finance Comp has registered a net profit of Rs 291.84 crore for the second quarter of 2009-10 fiscal which ended on Sep 30. This net profit is about 25.64% up from the net profit recorded during the corresponding period last year.
 
Total income has been registered ...

Diversified business group of Aditya Birla will now be developing a sea part in the Bhadrak district of Orissa, for which a deal worth Rs.1,500 crore was signed yesterday.
 
The proposed Chudamani port will be constructed over a period of 4 years with an expected capacity of three million ...

Fertilizers and chemicals major DCM Shriram has registered a growth in the net profit by 5.6% for the second quarter of the 2009-10 fiscal which ended on Sep 30 with the profit before depreciation and tax reported at Rs.80.31 crore.
 
The profit of tax has been registered at Rs.13.93 crore ...

Biocon, a biotech major based in Bangalore, has registered a net profit of Rs.62.36 crore for the third quarter of the 2009-10 fiscal, which ended on Sep 30, when compared to the net profit Rs.33.5 crore, which was registered during the corresponding period last fiscal.
 
The net income of ...

MindTree, which is an offspring of first gen Indian entrepreneurs, has been declared as the "most admired knowledge enterprise" of Asia. This is for the second consecutive time that this IT solutions provider is being conferred with the honour.
 
MindTree executive chairman Ashok ...

Ultratech, one of the majore cement manufacturers of India, has reported a net profit of Rs. 251 crore for the second quarter, which ended on Sep 30, which is about 53% up from the net profit reported during the corresponding period last fiscal. The net sales for 2009-10 has been reported to be ...

FMCG major, ITC has inked deal with Orissa Rural Development and Marketing Society for producing incense sticks in Orissa. This deal will ensure jobs for 3,000 plus rural women of Orissa.
 
The agreement was signed by the chief executive of the state-run ORMAS B.N. Das, and ITC executive ...

Prime Minister Manmohan Singh has denied the reports which citied that government has plans for restricting the pay packages of CEOs and added that this decision regarding this has to be adopted by the boards of companies.
 
When asked if government was concerned over the remuneration ...

The Thoothukudi plant of the Southern Petrochemicals Industries Corporation will start producing fertilizers from Oct 20. This decision comes in wake of the approval provided by the lenders and other creditors to the revamp package which was developed by Asset Reconstruction Company of ...

Birla Corp of the MP Birla Group is now a part of the Best Under a Billion list prepared by the Forbes Magazine.
 
According to a Birla Corp release, which was issued on Thursday, out of the 25,326 plus publicly listed firms which have recorded sales of below $1 billion in the Asia-Pacific ...

In an attempt to give a comprehensive face-lit and strengthen the image of Krackjack brand, Parle Products Private Limited has rolled out the pan- India campaign. Parle is the largest confectionery and biscuit manufacturer in India.
 
Bhavin Panchamia, Product Manager - Krackjack, Parle ...

Godrej, a $2.5-billion diversified group, has plans to go in for more fast moving consumer goods brands’ acquisitions over a period of three years for doubling its turnover.
 
"Our objective is to achieve 25 percent yearly growth of which around 10 percent will be from ...

Corporate Affairs Minister Salman Khurshid has asked the IT sector to provide inputs to the Companies Bill which will soon be presented before a standing committee of parliament.
 
"We are in the process of moving before the standing committee of parliament the Companies Bill, 2009. I ...

Government has asked the manufacturers of soft drinks as well as other companies which use sugar in bulk quantities to procure sugar from outside India as the price of sugar is increasing at an alarming rate along with the fact that the annual production of sugar has been hampered due to ...

A new tea processing factory was opened in Chundale, Wayanad, Kerala by Tea producer Harrisons Malayalam Ltd. Harrisons already has a tea factory in the same location.
 
The new plant worth Rs.6 crore will enable the production capacity to reach 3.7 million kg. Harrisons currently produces ...

The once iconic cooking brand of India, Dalda, the name of which was used as a synonym for hydrogenated cooking oils, has been re-launched. Dalda has been given a complete makeover and put forward as a healthier option.
 
"Bunge understands that India and Indian consumers have changed ...

Tata Tea has announced that it will soon have a new name. The company is currently reorganising its business, adding more focus on global distribution and marketing.
 
The company is a process to rechristen Tata Tea within the next 2-3 weeks, merge all its subsidiaries and associates as a ...

Tata Tea, an Indian tea major, has announced that the company will be focusing more on the expansion of its global distribution strategy in the Middle East, South America, South Africa and the Commonwealth of Independent States including Russia,
 
According to P. D. Unsworth, the Chief ...

Shriram EPC, engineering, procurement and construction firm, has joined hands with a US-based firm for manufacturing material handling equipments. Shriram EPC is a Chennai-based firm.
 
According to the managing director of Shriram, T. Sivaramana, who was addressing the media during the ...

Pantaloon Retail, a Future Group subsidiary, has reported a dip of 20% in sales, at its Pune and Mumbai stores. The major reason behind the decline in sales is the swine flu which has affected these regions very badly. One of the Pune outlets has been shut down.
 
"Sales in Mumbai are ...

Berger Paints India has plans to set up a green-field plant in south India.
 
"We will set up a water-based paints plant in south India on an investment of Rs.100 crore. It will have a production capacity of 100,000 tonnes per annum," said Kuldip Singh Dhingra during Berger’s ...