Indian FMCG companies temporarily hit by Egypt crisis
The ongoing political turmoil in Egypt has forced many Indian consumer companies to temporarily suspend operations, giving rise to fears that earnings might be affected in case of a protracted crisis. Firms such as Marico, Dabur and Asian Paints have shut down their Egyptian units and are watching the situation closely. (Source: Economic Times)
BHEL unit likely to achieve over Rs 12,750 cr turnover
BHEL’s Tiruchirapalli plant is poised to surpass Rs 12,750 crore turnover at the end of this fiscal. This fiscal BHEL end with a turnover exceeding Rs 12,750 crore as against Rs 10,008 crore achieved during the previous fiscal. BHEL had already accrued a fat order book to the tune of Rs 38,000 crore here as of December 1, 2010 and many more orders were in the pipeline. (Source: Economic Times)
Jain Irrigation in advanced talks to sell 30% in NBFC
Jain Irrigation is in advanced talks with two to five entities, including private equity players to sell 30 % stake in its non-banking financial venture. The company expects its receivables to come down by 10 billion rupees in two years due to its non-banking finanical venture. (Source: Economic Times)
DB Realty hits record low on BSE on reports of CBI probe
DB Realty slumped over 8% hit by a report that the CBI is scrutinising the transfer of over Rs 200 crore by the company to Kalaignar TV in FY2009-10, which came to light during investigations into the allocation of 2G spectrum. (Source: Bussiness Standard)
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