Amalgamation between UBL and Three Other Industries Soon; Announced UBL Beneficial Trust

Amalgamation between UBL and Three Other Industries Soon; Announced UBL Beneficial TrustAs reported by the Vijay Mallya-led United Breweries Company to the Bombay Stock Exchange on Monday, by introducing treasury stock and that too with selected long term institutional investors, it has finally succeeded in raising Rs 285 crore.

United Breweries (UBL) is known as the largest beer company in India and along with Kingfisher beer it produces many other regional beer brands as well that includes Kalyani Black Label and Marco Polo.

A Closure Notice to Orchid Chemicals' Chennai Plant

A Closure Notice to Orchid Chemicals' Chennai Plant

Rise in Interest Rates Can Lead to Deviating Impact over Auto Industry

Rise in Interest Rates Can Lead to Deviating Impact over Auto IndustryThree months earlier, the vehicle sales growth as announced by Automobile industry body SIAM, The Society of Indian Automobile Manufacturers, was 12-15%, but after noticing higher interest rates and rising fuel prices, this today has been lowered down to 11-13% for the financial year 2012.

It was earlier announced to have a sales growth of 16-18% during 2011-12, but now even this has been predicted by SIAM to be around 10-12 % only.

Prices Hike for Potatoes

Prices Hike for PotatoesAccording to the news, it was reported that the prices of potato would increase soon. The future price of potatoes has surprised many people. The price will increase by Rs 5.60 to Rs 441.30 per quintal from today, as there is a rise in demand in the spot market.

Analysts have reported that the rise in demand of the potato is the reason behind the increasing prices of potato in the market.

Underperformance of Infosys

Underperformance of InfosysAccording to the news, it was reported that on 15 April, the Sensex fell by 300 point for Infosys for their fourth quarter earnings. The markets have not been able to recover from the loss till yet. Infosys, which is India’s best-known IT Company, is not performing well in the share markets. The reason for this underperformance could be revenue growth and the EPS (earnings per share).

Analysts have reported that for the first quarter, they have expected Infosys' top line to increase by 3.66% to Rs. 7,515.4 crore from Rs. 7,250 crore in the fourth quarter.

Government to Issue New Guidelines to Fight Childhood Obesity

Government to Issue New Guidelines to Fight Childhood ObesityWith a new way to fight childhood obesity, the Government health experts will advise parents to make children exercise in routine.

"We are putting children in chairs, sticking them in front of TVs, we are putting them in the back seat in car chairs and driving to lots of places", said Professor Fiona Bull, co-Director of the British Heart Foundation National Centre for Physical Activity

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