Vindi Banga unites with CD&R for targeted growth in India

Vindi Banga, the ex-President of Unilever’s foods, residence and private care divisions, already united with Clayton, Dubilier & Rice or CD&R, a private equity company, as its managing associate in London because the firm eyes more exposure in emerging countries such as India.

Rs 12,000 crore for refinery to be spent by Titan Industries

According to the Managing Director of Titan Industries Ltd, Bhaskar Bhat, the firm has been aiming to construct a lens manufacturing refinery in Bangalore wherein Rs 12,000 crore will be spent primarily. The refinery is aimed to manufacture around 500 units daily for both trade names Signature and Activ.

Rs 25 crore manufacturing refinery in Egypt to be acquired by Emami

In the statement of Promoter of Emami, Mohan Goenka, he revealed during the ICICI Securities Consumer Conference that the firm the Egyptian agreement involved the acquisition of a manufacturing refinery in Egypt. The principal expenditure for this venture is around Rs 10-12 crore wherein Rs 25 crore is the required budget.

Vishal Retail eyes Rs 360 crore sales in Q1 FY11

According to Vishal Retail’s Chairman, RC Agarwal, the firm has been making progress concerning the sales front wherein its sales in the quarter one of the financial year 2009-2010 was Rs 265 crore and now being predicted to attain an increase to Rs 360 crore this current financial year.

Hitachi Ltd aims to acquire IT business producing USD 3.3 billion in sales

In a statement released by the chief of IT business of Hitachi, Junzo Nakajima, the largest electronics manufacturing firm of Japan, Hitachi Ltd, has been aiming to acquire an IT conglomerate or business which produces around 300 billion yen or USD 3.3 billion by means of sales.

International poultry feed mill in Vietnam introduced by Venky’s

According to the Managing Director of Venky’s, B Venkatesh Rao, the firm already introduced its primary international poultry feed mill in South East Asia particularly in Vietnam. In addition to that, the firm has been planning to construct 4,500 metric ton refinery in the said country.

Sara Lee Corp sells 51% stake in Godrej Consumer Products

In the latest development, Sara Lee Corp already consummated a selling deal of 51% stake in its Godrej Sara Lee merger to Godrej Consumer Products Ltd with an amount of 185 million euros. Sara Lee expects to conclude its trading of air-care unit to the Procter & Gamble Company by July.

Voltas, Gayatri Projects, Rane Holdings, Indian Oil Corporation declared results today

Oil and Natural Gas Corporation
Net profit was up at Rs 3,776 crore versus Rs 2,207 crore
Net sales were up at Rs 14,713 crore versus Rs 13,704 crore

Voltas
Net profit was up at Rs 381 crore versus Rs 251 crore
Net sales were up at Rs 4,806 crore versus Rs 4,326 crore

Nectar Lifesciences
Net profit was up at Rs 92 crore versus Rs 45 crore

Fresenius Kabi Oncology
Net profit was at Rs 80.2 crore

Gayatri Projects
Net profit was up at Rs 15 crore versus Rs 11 crore
Net sales were up at Rs 377.2 crore versus Rs 333.9 crore

Steel Authority of India
Net profit was up at Rs 2,084 crore versus Rs 1,485 crore
Net sales were up at Rs 12,229.7 crore versus Rs 11,986 crore

Rane Holdings
Net profit was up at Rs 41.6 crore versus Rs 16.5 crore

Housing Development and Infrastructure
Net profit was up at Rs 177.84 crore versus Rs 162.76 crore

Indian Oil Corporation
Net profit was down at Rs 5,557 crore versus Rs 6,623 crore
Net sales were up at Rs 66,116 crore versus Rs 59,596.7 crore

Dredging Corporation India
Net profit was at Rs 70 crore
Net sales were at Rs 645 crore

Hanung Toys and Textiles
Net profit was up at Rs 33.28 crore versus Rs 23.08 crore

150 stores to be established by Bharti Wal-Mart this year

According to the Vice Chairman and Managing Director of Bharti Enterprises, Bharti Wal-Mart has been targeting to launch 150 stores until December of 2010 wherein revenue of USD 2 billion is predicted to be obtained seven years from now. Moreover, the firm eyes to commence business in South India by 2011.

Britannia Industries to widen up business production in FY11

Britannia Industries Ltd, a bakery as well as dairy products manufacturing firm, has been aiming to widen up business production in bakery merchandise through establishment of utmost two additional refineries worth Rs 70-80 crore this financial year, according to its Managing Director Vinita Bali.

Engineers India, Oil India, Colgate Palmolive (India), Ennore Coke declared results today

Engineers India
Net profit was down at Rs 124.9 crore versus Rs 158.8 crore
Net sales were up at Rs 640.3 crore versus Rs 407.6 crore

Oil India
Net profit was up at Rs 431 crore versus Rs 70.8 crore
Net sales were up at Rs 1,832 crore versus Rs 1,367 crore

Colgate Palmolive (India)
Net profit was up at Rs 114.4 crore versus Rs 77.1 crore
Net sales were up at Rs 516.6 crore versus Rs 455.5 crore

Bharat Petroleum Corporation
Net profit was up at Rs 1,632.36 crore versus Rs 633.76 crore

Sangam (India)
Net profit was at Rs 7.8 crore

Action Construction Equipment
Net sales were up at Rs 9 crore versus Rs 1 crore

Ennore Coke
Net profit was at Rs 3.6 crore

Indo Rama Synthetics (India)
Net profit was at Rs 7.1 crore

Bannari Amman Spinning Mills
Net profit was up at Rs 15 crore versus Rs 8 crore
Net sales were up at Rs 355 crore versus Rs 286 crore

Nagarjuna Fertilisers and Chemicals
Net profit was up at Rs 23 crore versus Rs 12.6 crore
Net sales were down at Rs 516 crore versus Rs 541 crore

Heritage Foods (India)
Net profit was at Rs 10.5 crore

LT Foods
Net profit was down at Rs 1.3 crore versus Rs 6.2 crore
Net sales were up at Rs 287.1 crore versus Rs 243.2 crore

Mphasis
Net profit was up at Rs 267.3 crore versus Rs 238.5 crore
Net sales were up at Rs 1,220.5 crore versus Rs 960.3 crore

Godrej Industries achieves Rs 203.25 crore cons net profit in Q4 FY10

In a statement released by Adi Godrej, the Chairman of Godrej Industries, he confirmed that the firm already declared its quarter four outputs in the financial year 2009-2010 wherein its consolidated net profit escalated to Rs 203.25 crore as compared to Rs 111.47 crore in the same period last year.

Hindustan Unilever, Provogue (India), Venkys, NHPC declared results today

Nagarjuna Construction Co.
Net profit was up at Rs 103 crore versus Rs 38.2 crore

Hindustan Unilever
Net profit was up at Rs 581.2 crore versus Rs 395 crore
Net sales were up at Rs 4,315.8 crore versus Rs 3,988.3 crore

Provogue (India)
Net profit was down at Rs 3.8 crore versus Rs 8.3 crore
Net sales were up at Rs 155 crore versus Rs 78.3 crore

Venkys
Net profit was at Rs 54.3 crore
Net sales were at Rs 705 crore

Aban Offshore
Net profit was at Rs 39.3 crore
Net sales were up at Rs 1,021 crore versus Rs 774.1 crore

NHPC
Net profit was up at Rs 2,090 crore versus Rs 1,075.22 crore
Net sales were up at Rs 4,219 crore versus Rs 2,671.8 crore

Bombay Dyeing and Manufacturing Company
Net profit was up at Rs 46.8 crore versus Rs 15.5 crore
Net sales were up at Rs 527.6 crore versus Rs 436.9 crore

GMR Infrastructure
Net profit was up at Rs 73 crore versus Rs 53.2 crore
Net sales were down at Rs 1,125 crore versus Rs 1,327.8 crore

Tata Chemicals, Kalyani Steels, Madras Cements, KRBL declared results today

Tata Chemicals
Net sales were down at Rs 9,448.49 crore versus Rs 12,153.31 crore

Kalyani Steels
Net profit was up at Rs 43.3 crore versus Rs 3.3 crore

Madras Cements
Net profit was at Rs 354 crore

Opto Circuits India
Net sales were at Rs 334.5 crore

Sun Pharmaceutical Industries
Net profit was at Rs 395 crore

KRBL
Net profit was at Rs 18 crore

Central Bank of India
Net profit was up at Rs 1,160 crore versus Rs 636 crore

A Mahendran assigned as new Managing Director of Godrej Consumer

Godrej Consumer Products Ltd already announced this Monday that the conglomerate assigned A Mahendran as its new Managing Director effective on the first day of July of the current calendar year as the successor of Dalip Sehgal who continued his career in another company.

ITC, Take Solutions declared results today

ITC
Net profit was up at Rs 1,028 crore versus Rs 808.9 crore
Net sales were up at Rs 5,054 crore versus Rs 3,927.4 crore

Take Solutions
Net profit was down at Rs 32 crore versus Rs 53 crore

Godrej Consumer and Sara Lee in 185 million euro merger talks

According to Adi Godrej, the Chairman of Indian’s top soap manufacturer Godrej Consumer Products, the firm is already on the final stages of shared business enterprise talks with American company Sara Lee to create a merger entity named Godrej Sara Lee with a value of 185 million euros.

Idea Cellular, JSW Steel, Tata Elxsi, Liberty Shoes, Adani Power declared results today

Maharashtra Seamless
Net profit was up at Rs 75.1 crore versus Rs 64.6 crore
Net sales were down at Rs 388.1 crore versus Rs 548.6 crore

Idea Cellular
Net profit was up at Rs 266.6 crore versus Rs 170.1 crore
Net sales were up at Rs 3,318.99 crore versus Rs 3,135.82 crore

JSW Steel
Net profit was up at Rs 717 crore versus Rs 492 crore
Net sales were up at Rs 5,167 crore versus Rs 3,328 crore

Oudh Sugar Mills
Net profit was at Rs 10 crore

Tata Elxsi
Net profit was down at Rs 12.3 crore versus Rs 23.1 crore
Net sales were up at Rs 106.8 crore versus Rs 106.4 crore

Century Textiles and Industries
Net profit was up at Rs 339.5 crore versus Rs 236.5 crore

Housing Development Finance Corporation
Net profit was up at Rs 926.38 crore versus Rs 733.37 crore

Titan Industries
Net profit was up at Rs 51.3 crore versus Rs 27.8 crore
Net sales were up at Rs 1,311.4 crore versus Rs 881.2 crore

Reliance Capital
Net sales were up at Rs 6,110 crore versus Rs 5,939 crore

Amtek Auto
Net sales were up at Rs 340 crore versus Rs 243 crore

Viceroy Hotels
Net sales were up at Rs 14.3 crore versus Rs 13.38 crore

Liberty Shoes
Net sales were up at Rs 70.46 crore versus Rs 66.42 crore

HEG
Net sales were up at Rs 335 crore versus Rs 253.65 crore

Adani Power
Net sales were down at Rs 201.3 crore versus Rs 233.6 crore

Siemens, Subex, Pfizer, Dhampur Sugar Mills, Cadila Healthcare declared results today

Puravankara Projects
Net profit was up at Rs 43.7 crore versus Rs 14.6 crore
Net sales were up at Rs 122.8 crore versus Rs 67.9 crore

Mahindra Holidays and Resorts India
Net profit was up at Rs 32.2 crore versus Rs 29.8 crore
Net sales were up at Rs 124 crore versus Rs 100 crore

Dhampur Sugar Mills
Net profit was down at Rs 12.5 crore versus Rs 17.3 crore
Net sales were up at Rs 285 crore versus Rs 109 crore

Indian Overseas Bank
Net profit was down at Rs 127 crore versus Rs 322 crore

Heidelberg Cement India
Net profit was down at Rs 40.25 crore versus Rs 48.8 crore
Net sales were up at Rs 267.8 crore versus Rs 254.4 crore

Gujarat Heavy Chemicals
Net profit was up at Rs 63 crore versus Rs 25 crore
Net sales were up at Rs 347.3 crore versus Rs 313 crore

Ashok Leyland
Net profit was up at Rs 222.66 crore versus Rs 53.32
Net sales were up at Rs 2,939.04 crore versus Rs 1,218.12 crore

ITD Cementation India
Net profit was up at Rs 4.5 crore versus Rs 2.18 crore
Net sales were down at Rs 269.4 crore versus Rs 290.46 crore

Mahindra Ugine Steel Company
Net profit was at Rs 5.2 crore
Net sales were up at Rs 317 crore versus Rs 197 crore

Siemens
Net profit was down at Rs 181 crore versus Rs 225 crore
Net sales were down at Rs 2,212 crore versus Rs 2,368 crore

Shriram Transport Finance Corporation
Net profit was up at Rs 264 crore versus Rs 153.8 crore
Net sales were at Rs 1,190 crore

Subex
Net profit was down at Rs 26.5 crore versus Rs 42 crore
Net sales were at Rs 114.7 crore

MRF
Net profit was up at Rs 95.8 crore versus Rs 68.7 crore
Net sales were up at Rs 1,767.6 crore versus Rs 1,404.7 crore

Pfizer
Net profit was up at Rs 42.4 crore versus Rs 39 crore
Net sales were up at Rs 203 crore versus Rs 186 crore

Oriental Bank of Commerce
Net profit was up at Rs 317 crore versus Rs 195.8 crore

Andhra Bank
Net profit was up at Rs 240 crore versus Rs 201.2 crore

UltraTech Cement
Net profit was down at Rs 228 crore versus Rs 309.5 crore
Net sales were up at Rs 1,899.9 crore versus Rs 1,860 crore

CESC
Net profit was up at Rs 100 crore versus Rs 94 crore
Net sales were up at Rs 754 crore versus Rs 741 crore

Cadila Healthcare
Net profit was up at Rs 119 crore versus Rs 58 crore
Net sales were up at Rs 816 crore versus Rs 702.5 crore

Consolidated Construction Consortium
Net profit was up at Rs 39 crore as against Rs 20 crore

Dabur predicts FY11 selling increase of 15-20%

Dabur India Ltd, a personal care and food products manufacturing firm, has recorded a 10% increase in the January to March quarter in financial year 2009 to 2010. The firm has been targeting selling increase around 15-20% in the present financial year, according to Sunil Duggal, its Chief Executive.