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Analysts are challenging the popular belief that volume growth is strong. Stocks of fast moving consumer goods companies have been on a roll. From packaged food to personal care products, almost every category has been clocking robust growth over the last year. Since the third quarter of FY11, FMCG companies have reported double digit volume […]

The US arm of Himalaya Drugs, leading ayurvedic drug maker, has recalled two batches of Organique, its skin care cream brand, after fungus and bacteria were found in bottles in the American market. According to a statement from the US Food & Drug Administration, Himalaya USA is conducting a voluntary recall of two batches of […]

As part of its strategy to focus on green energy Vadodara-based Diamond Power Infrastructure Ltd has purchased windmills from Suzlon Energy. The company has bought wind mills having power generation capacity of 6.3 Mw near Kandla in Gujarat, the company stated in a filing to the stock exchange. “On commencement of the wind power capacity […]

State-owned Gujarat State Fertilizers and Chemicals Limited (GSFC) has been awarded certificate of merit for national energy conservation in fertilizer sector for its contribution in the field of energy conservation. This is the third consecutive year in which GSFC has been selected for this award. In the year 2008-09, GSFC received the first prize whereas […]

Coal India Ltd (CIL), the world’s largest producer of the item, has entered into a new price regime effective today, after its board of directors approved the plan on Friday. It shifts to international pricing, 30 to 60 per cent higher than what the state-run firm’s average price used to be, by benchmarking coal on […]

Company has already acquired 500 acres in the area, plans to acquire another 2,500 acres in next 2 years. As the second home phenomenon gains currency in the industrially-developed Mumbai-Pune- Nashik belt, realty player Eiffel Group has earmarked Rs 300 crore over the next three years to launch more projects in the region, referred to […]

DLF is the largest real estate developer, in terms of market capitalisation. Presently it has been following plotted development strategy than focusing on group housing projects. The company recently announced launching of new plots in the second phase of their upcoming residential project near Chandigarh. Mohit Gujral, Vice Chairman and Managing Director, DLF limited shares […]

Toyota Kirloskar Motor Private Limited (TKML) more than doubled its growth with 15,948 units sold in December 2011 as compared to 6,362 units in the corresponding month last year, thereby registering its highest growth of 151 per cent in the year. TKML registered an annual growth of 82 per cent in the year 2011. The […]

Close on the heels of becoming the world’s largest seller of smartphones, Korean major Samsung has overtaken its Finnish rival Nokia to become the leader in the domestic market as well. This is the first time that Samsung’s share – both in volume and value terms – exceeded that of its rival, Nokia, which had […]

The promoters of Pantaloon retail have decided not to convert into equity the one crore preferential warrants issued to it, the Kishore Biyani-promoted company said on Friday. Pantaloon, the country’s largest listed retailer, has forfeited the Rs 100-crore deposit money. It was 25 per cent of the warrant price and transferred to reserves, the company […]