Month: May 2009

Hindustan Unilever Volume is down by 4% for March quarter

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Overall FMCG performance in general: As per AC Neilson report, FMCG sector overall has performed very well for the March quarter in terms of pricing and volume both. Rural and urban both continue to drive the growth. There was good volume growth in laundry business and personal wash has seen a double digit growth. FMCG … Read more Hindustan Unilever Volume is down by 4% for March quarter

National gets warning on Bhai Ghanya Sehat Sewa Scheme

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The Punjab and Haryana High Court issued warning against National Insurance Company (NICL) for attempting to back out from its contractual obligation of providing medical reimbursement to more than 8,00,000 beneficiaries of the Bhai Ghanya Sehat Sewa Scheme under the sponsorship of Bhai Ghanya Trust. The trust was set up by the Punjab government for … Read more National gets warning on Bhai Ghanya Sehat Sewa Scheme

Radico Khaitan’s super-premium brandy Morpheus to Hit the Shelf

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Radico Khaitan, the spirits major of the country is all set to launch its super-premium brandy this month as an initiative to focus on premium-focused growth strategy. The company will launch its brand Morpheus this month which was scheduled to be launched around six to eight months ago. The brand will cost Rs 550 to … Read more Radico Khaitan’s super-premium brandy Morpheus to Hit the Shelf

NIIT to introduce computer aided learning in 1,870 schools in Gujarat

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NIIT has enhanced its portfolio in yet another state in India. The company has entered into a contract with the Department of Education, Government of Gujarat for introducing computer aided learning in 1,870 high and higher secondary government schools for classes 9-12 in Gujarat. It would be a five-year contract and is valued at Rs … Read more NIIT to introduce computer aided learning in 1,870 schools in Gujarat

BHEL cuts prices by up to 5% to combat Cheap Chinese Goods

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Bharat Heavy Electricals (BHEL) has cut prices of its products by up to 5% in a move to combat stiff competition from Chinese power equipment manufacturers and have better chances of bagging orders from the private power producers. The company also has price advantage in terms of payment in rupee compared to payment in US … Read more BHEL cuts prices by up to 5% to combat Cheap Chinese Goods

Copper falls on speculation that China may curb imports

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Copper fell for the third consecutive day on speculation that Chinese may curb imports, helping to erode a rally that’s boosted the price more than half this year. Refined copper imports by China, the world’s largest metals consumer, may slow over the rest of this year as scrap supplies improve. Copper for three-month delivery on … Read more Copper falls on speculation that China may curb imports