Editor's Choice

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.

Marico expected to register 24% surge in March quarter sales: Motilal Oswal

Motilal-OswalIn a latest report, Motilal Oswal, one of the leading stock research firms in India, revealed that Beauty and wellness company Marico's March quarter sales are expected to go up by 23.6% to Rs 578 crore on Y-o-Y basis.

In addition, the company's net profit is also expected to surge by 22% to Rs 36.8 crore on Y-o-Y basis.

It may be noted that apart from Motilal Oswal, many market analysts are also positive on Marico's upcoming results.

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