Archive for November, 2008
Share Khan on Hindustan Unilever
Prices levered up!
Hindustan Unilever Ltd (HUL) has hiked the prices of select products (stock-keeping units [SKU]) across categories, effective from October-end to the beginning of November 2008. The price increase has been implemented primarily in shampoo, detergent and toothpaste categories. In the quarter gone by (July-September 2008) HUL’s operating margins contracted by 154 basis points [...]
Value Demand For Gold In India Reaches An All Time Record
-Study by World Gold Council
Demand for gold in India reached an all time quarterly record of Rs. 30,600cr in Q3 2008, a 66% increase vs Q3 2007 as investors sought a safe haven and jewellery buyers returned to the market to take advantage of softer gold prices. In tonnage terms demand increased to 250 [...]
Sejal Glass sets up first Indian float glass plant
Mumbai, November 19, 2008: Sejal Architectural Glass Ltd. (SAGL), a leading player in the architectural glass solutions, is in the process of setting up a world class 550 tonne per day capacity float glass plant at Jhagadia in the state of Gujarat. The estimated cost of the plant is Rs.500 crore spread across 150 acres [...]
ValueNotes says investors are seeking value buys in current downturn
Pune, India, 19 November 2008: ValueNotes has released the results of a poll conducted on its proprietary Indian finance portal, which captured retail investor sentiment in the current markets. The online survey evaluated if retail investors were willing to buy at current levels, given many stocks trading with single digit P/Es. Poll results indicated that [...]
Intel Launches Fastest Processor on the Planet
Adds ‘Turbo Boost’ and ‘Hyper-Threading’ Technologies
INDIA, Mumbai, Nov. 18, 2008 – Intel India today introduced its most advanced desktop processor ever, the Intel® Core™ i7 processor. The Core i7 processor is the first member of a new family of Nehalem processor designs and is the most sophisticated ever built, with new technologies that boost performance [...]
Naresh Naik to head Morgan Stanley Real Estate AMC
MUMBAI: Morgan Stanley (NYSE: MS) today announced the appointment of Naresh Naik as an Executive Director and Head of Asset Management for Morgan Stanley Real Estate India. Based in Mumbai, Mr. Naik will start in his new role later this month.
Most recently, Mr. Naik was Head of Asset Management for Lehman Brothers in India, where [...]
Axis Bank launches new online Remittance Service in alliance with Times of Money
Mumbai, November 18, 2008: Axis Bank, India’s leading private sector bank, with a substantial NRI customer base, has tied up with TimesofMoney, India’s number one non-bank e-payments service provider to launch AxisRemit, the Bank’s own branded online remittance service. With AxisRemit the Bank will provide high-speed online money transfer services for NRIs belonging to major [...]
Fidelity Launches Innovative Volatility Tool
Mumbai : Global fund hous Fidelity today launched an innovative volatility tool designed to help advisers and investors put the current market uncertainty in the context of a longer term perspective. Launched at a time when investors have been unnerved by extreme volatility in the markets, Fidelity’s volatility tool demonstrates the importance of longer term investing [...]
Jubilant Organosys acquires TrialStat Clinical Analytics
NOIDA, UP,India: Jubilant Organosys Ltd. announced today that its subsidiary Clinsys Clinical Research, Inc, New Jersey, a global contract research organization (CRO), has acquired TrialStat ClinicalAnalytics from TrialStat for a purchase consideration of CAD 750,000.
TrialStat ClinicalAnalytics (TrialStat CA) is a Web-based electronic data capture (EDC) solution currently used by a wide range of pharmaceutical and [...]
L&T Bags Rs 937 Crore EPC Orders in Water Business
Mumbai: L&T has bagged three major orders aggregating to Rs. 937 Crores during September and October 2008 in Delhi and Andhra Pradesh.
An EPC water supply project of value Rs. 582 Crores was bagged by L&T from Hyderabad Metro Water Supply and Sewerage Board (HMWSSB) under prestigious Godavari Drinking Water Supply Project Phase-I. The project involves [...]
