Editor's Choice

PSLV-C-12 geared up for Monday takeoff; to put two satellites in orbit

Polar Satellite Launch Vehicle (PSLV-C-12)With the 48-hour countdown for the takeoff of the Polar Satellite Launch Vehicle (PSLV-C-12) having begun at 6.45 a. m. on Saturday, the vehicle carrying two satellites is all geared up to rocket into the sky at 6.45 a. m. on Monday, from Andhra Pradesh's Sriharikota spaceport.

The two satellites that the PSLV will put in orbit include a radar imaging satellite called RISAT-2, and a 38-kg investigational mini communication satellite - Anusat - built by Anna University, Chennai.

Swedish court orders jail term for the four defendants in the Pirate Bay case

Swedish court orders jail term for the four defendants in the Pirate Bay caseA Swedish court has finally handed down its verdict to the four defendants in the Internet file-sharing case! Each of the four - Peter Sunde, Frederik Neij, and Gottfrid Svartholm Warg, and Carl Lundstrom, - has been sentenced to a one-year jail term. The court has also ordered them to make a 30-million kronor payment in damages to top entertainment companies, like Warner Bros, EMI, Columbia Pictures, and Sony Music Entertainment.

CII report: Expecting high level of FDI into India amid recession “unrealistic”

CII report: Expecting high level of FDI into India amid recession “unrealistic” In a recent Confederation of Indian Industries (CII) report titled 'Global Economic Crisis: India's Recovery,' the industry body has said that it would be quite "unrealistic" to expect a high level of Foreign Direct Investment (FDI) into India in the face of the ongoing global economic crisis. As such, the CII anticipates that amid recession the Foreign Institutional Investor (FII) investments would be almost negligible.

Medium Term Buy Call – ITC Limited at 186

ITC Limited

Company is the largest manufacturer of cigarettes in India. It is a member of BAT Group of UK. ITC is rated among the World's Best Big Companies, Asia's 'Fab 50' and the World's Most Reputable Companies by Forbes magazine, among India's Most Respected Companies by BusinessWorld and among India's Most Valuable Companies by Business Today. ITC ranks among India's "10 Most Valuable (Company) Brands", in a study conducted by Brand Finance and published by the Economic Times. ITC also ranks among Asia's 50 best performing companies compiled by Business Week.

Products & services-

Nestle expected to post 18% jump in Net profit: Motilal Oswal

NestleMotilal Oswal Financial Services, one of India's leading stockbroking and research firm, has come out with earnings estimates on FMCG sector for the quarter ended March 2009.

The company in its latest research report revealed that Nestle's March quarter sales are expected to go up by 18.7% to Rs 1295.4 crore on Y-o-Y basis.

In addition, Motilal Oswal predicated Nestle's net profit to go up by 18.5% to Rs 201.5 crore on Y-o-Y basis.

Tata Tea to register 10% growth in March quarter sales: Motilal Oswal

tata-tea

Motilal Oswal, one of the leading equity research and broking houses of India, has come out with earnings estimates for Tata Tea for the quarter ended March 2009.

According to the research conducted by the firm, Tata Tea, the Largest Tea manufacturing company in India, is expected to register 9.7% growth in March sales to Rs 1291.4 crore on Y-o-Y basis.

In addition, the company's net profit is also predicted to go up by 18.6% to Rs 80.8 crore on Y-o-Y basis.

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