Wednesday, February 2, 2011

02-Feb-2011

ITC to raise packaged food prices by 7-8%

ITC plans to raise packaged food prices by 7-8 % going forward. The prices of agri-commodities are on the rise and have risen by 30-35 % in the past two years. There is also simultaneous rise in freight rates and packaging costs. (Source: Business Standard)

Bajaj Auto sales up 18% in Jan at 3, 13,583 units
Bajaj Auto reported an 18% jump in sales during January, 2011, driven by growth in demand for the company's popular Pulsar and Discover motorcycle models.  The company sold 3, 13,583 units during the month, with Pulsar and Discover constituting 68 %of the total volume. The company witnessed a 44 % jump in exports during the month. (Source: Business Standard)

Bharti Airtel Q3 net down 40.62% to Rs 1,303.3 cr
Bharti Airtel posted a 40.62 % dip in third quarter net income to Rs 1,303.3 crore, hurt primarily by an increase in spectrum charges and one-time costs related to its brand relaunch. Total revenues of the company, however, were up by 51.14 % at Rs 15,576 crore in the December quarter, compared to Rs 10,305.3 crore in the year-ago period.  (Source: Economic Times)

RIL calls tower firm tenders for broadband
Taking its plans to roll out fourth-generation (4G) broadband services a step further, Infotel Broadband has invited bids from telecom tower operators willing to lease out around 26,000 towers across India, according to Sources. (Source: LiveMint)

                     

    

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