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ABB management held its annual analyst meet yesterday. Nothing incrementally positive or negative from our earlier view could be concluded out of the discussion. Orders were down 37% in 4Q08 as: 1) ABB exited the rural electrification projects business, creating a base effect (company did forego a Rs1.5bn order); and 2) awarding of some projects … Read more ABB India CY08 analyst meet takeaways
Foreign institutional investors (FIIs) were net sellers of Rs 186.86 crore (provisional) in the cash segment on Thursday, according to information available on the BSE website. While FIIs made gross purchases of Rs 1,863.16 crore, their gross sales aggregated Rs 2,050.02 crore. Domestic institutional investors (DIIs) were net buyers of Rs 227.10 crore (provisional) on … Read more FIIs net sellers of Rs 186.86 cr in cash segment on Thursday
Japanese auto giant Honda Siel Cars has launched an advanced version of its premium sedan Accord with a 3.5 litre i-VTEC engine, in the price bracket of Rs 24.8 lakh to Rs 25.35 lakh. The company has said that the new version of the car would be made available in two variants — Accord V6 … Read more Honda launches new Accord V6 3.5 Inspire
The rate of inflation for the week ended February 28 went down to 2.43% compared to 3.03% of inflation witnessed in the previous week. The decline primarily came due to the high base effect of last year. This is the lowest inflation figure since June 2002. The wholesale price index (WPI) for all commodities in … Read more Inflation at 2.43% for week ended Feb 28
The US Federal Court on 10 March dismissed AstraZeneca’s patent lawsuit against Dr Reddy’s Labs over the generic formulation of AZN’s Prilosec OTC (CY2008 sales of US$271mn). The court dismissed the case after agreeing with the defendant that DRL used a different form of Omeprazole Magnesium (the primary ingredient in Prilosec), and hence does not … Read more Dr Reddy’s Labs – AZN’s lawsuit on Prilosec OTC dismissed
As TRAI reducd the IUC Charges by 33% from 30 paise to 20 paise, here is the base case impact on all the Indian wireless operators. To illustrate, take the case of a pre-paid GSM subscriber generating an ARPU of Rs 190 per month, with monthly minutes of usage (MoU) of 450 minutes, incoming-outgoing ratio … Read more The Impact of revision of Telecom IUC charges