Wockhardt's sale of its nutrition business to Danone will fetch the drug maker much-needed cash, allowing it to pay up foreign currency convertible bondholders and reduce debt.
State-run NTPC, India’s largest power utility, remains focused on insulating itself from fuel risk and getting the required regulatory clearances for its upcoming projects before embarking upon aggressive capacity expansion.
In the past two years, PTC's trading volumes have grown from 10,000 million units to 24,500 million units at a CAGR of 35%.
Increasing production capacity, entry into the segment of other electrical appliances and addition of franchisee stores are likely to lend support to its continuing growth.
Despite leading brokerages coming out with a sell recommendation on HUL and given weak broader markets, HUL's stock has gained 4% in the past seven trading sessions.
The stock of PTC India Financial Services (PFS) has lost more than one-third of its IPO value since listing on March 30.
While the performance of Lanco Infratech power business was strong, the disappointing show by its construction and EPC business resulted in a dismal March 2011 quarter.
The Street cheered Reliance Power's better-than-expected result on Friday. After coming out with the initial public offer in FY08, the company has posted its first operating revenue from power generating assets in FY11.
Given inflationary pressures, Coal India will have to raise wages. This is due in July. In FY11, wage costs accounted for over 50% of total expenditure.
The outlook for the company remains positive with its ongoing capex and strong domestic demand for power transmission services.
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