Top Stories (08/08/2016)
Colgate Q1 profit up 8%; oral care category retain leadership "With volume market share in June 2016 of 55.9 percent for toothpaste and 46.8 percent for toothbrush, the oral care category registered a strong net sales growth of 11 percent in Q1, aided by new products like Colgate Sensitive Clove and Colgate A1 toothbrush," the company said in its filing.
Britannia Q1 profit up 13% at Rs 219 cr, revenue meets estimates Operating profit increased 9.7 percent year-on-year to Rs 316.2 crore and margin expanded by 10 basis points to 14.4 percent in the quarter ended June 2016.
Stock Up 9%
India's largest spectrum auction to start from Sep 29 The government will put a total of 2,354.55 megahertz of mobile airwaves frequencies for auction all band -- 700 Mhz, 800 Mhz, 900 Mhz, 1800 Mhz, 2100 Mhz and 2300 Mhz. All the airwaves being put for auction can be used for high speed 4G services.
HDFC Life-Max Life merger a done deal The boards of HDFC Life and Max Life on Monday approved a scheme for the merger of the two entities. According to the contours of the deal, the life insurance business of Max Financial Services will be demerged into HDFC Life,
Hero Motocorp Q1 profit, EBITDA up 18%; revenue beats estimates Hero Motocorp said it has sold 17.45 lakh units during the quarter against 16.45 lakh units in year-ago period.
RBI unlikely to change rates on Tuesday
Source: Moneycontrol
Britannia Q1 profit up 13% at Rs 219 cr, revenue meets estimates Operating profit increased 9.7 percent year-on-year to Rs 316.2 crore and margin expanded by 10 basis points to 14.4 percent in the quarter ended June 2016.
Stock Up 9%
India's largest spectrum auction to start from Sep 29 The government will put a total of 2,354.55 megahertz of mobile airwaves frequencies for auction all band -- 700 Mhz, 800 Mhz, 900 Mhz, 1800 Mhz, 2100 Mhz and 2300 Mhz. All the airwaves being put for auction can be used for high speed 4G services.
HDFC Life-Max Life merger a done deal The boards of HDFC Life and Max Life on Monday approved a scheme for the merger of the two entities. According to the contours of the deal, the life insurance business of Max Financial Services will be demerged into HDFC Life,
Hero Motocorp Q1 profit, EBITDA up 18%; revenue beats estimates Hero Motocorp said it has sold 17.45 lakh units during the quarter against 16.45 lakh units in year-ago period.
RBI unlikely to change rates on Tuesday
Source: Moneycontrol