Company Updates

Surana Corp. Net Up 49% In Q1

Surana Corporation has registered a significant jump in net profit for the quarter ended June 2007. The company declared a 49.07% profit growth to Rs 54.23 million from Rs 36.38 million in the corresponding period of the last year (2006).

The quarterly sales of the company slumped 38.35% to Rs 3,988.73 million as compared with the corresponding quarter, a year ago.

Operating margins augmented to 1.52% in the same quarter, which showed an increase of 26.50 basis points as against its previous quarter, a year ago.

PepsiCo To Buy Russian Juice Company

PepsiCoMoscow: In order to enhance its modest Russian juice market share, US snack and beverage giant PepsiCo is all set to get hold of 76 per cent of Russia’s leading juice maker, Lebedyansky for $2 billion.

PepsiCo is making concluding discussions over the acquisition that will be the biggest ever in the worldwide juice industry. The deal would have effect before the year end.

ICML Plans Global SUV, To Invest Rs 800 Cr By 2010

Ambala: Presently Sonalika group’s International Cars and Motors (ICML) is working on a sports utility vehicle (SUV) model for which it has joined hands with an international design house and will

P&G Board To Consider Dividend On August 24

Procter & GambleA board meeting of Procter & Gamble Hygiene & Health Care will be held on Aug. 24, 2007 to think about dividend recommendation for the year ended Jun, 30, 2007.

Aegis Logistics Board Approves Arrangement Scheme

At its boardAegis Logistics Limited meeting, Aegis Logistics directors of Aegis Logistics

FDA Permits Sale Of Ranbaxy's Drug for Diabetes Cure in the US Market

Ohm LaboratoriesMumbai: Ohm Laboratories, Ranbaxy’s US subsidiary has received the US Food and Drug

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