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Strong volume growth, pressure on profitability Cipla’s net sales grew 15% in Q2FY11 on robust performance of domestic and export formulations. Higher input prices, coupled with a jump in staff and other expenditure, translated into 2.2% rise in EBITDA (ex tech fees and forex). Commissioning of the Indore SEZ resulted in increase in depreciation cost. Adjusted PAT (ex forex net of tax) declined 10% which is below our expectation.

20% domestic growth was on lower Q1FY11

Shree Cement’s (SRCM) Q2FY11 operating results were below expectation with a margin of 19.8% against our estimate of 26.6%. Despite input cost pressure, owing to weak demand realisations dropped by 9.3% leading to margin depletion. Power business too witnessed a decline as good monsoons reduced offtake. However, depreciation charges at Rs1.3bn were below our estimate enabling SRCM to post a marginal profit of Rs105mn.

The one department who is accountable for maintaining the mosquito population in restrain, The Municipal Corporation of Delhi (MCD), has botched to rescue its specific chief from falling victim to the vector- abide ailment.

Mayor P R Sawhney was analyzed with chikungunya previous week and has ever since been under medication. Sawhney has been in poor health for the precedent two weeks with headache, fever, and body-ache.

A New York based Russian, Anastasia Obukhova, has threatened to shoot Lady Gaga in the head. Why? Because Lady Gaga haunts this 26-year-old student in her dreams. So, Obukhova wants to die along with this pop singer.

Choreographer - director Prabhu Deva cannot stop praising Hansika Motwani, the lead actress in his upcoming directorial venture `Engeyum Kaadhal'. In a statement to the media, Prabhu Deva says that not only did Hansika Motwani put up a brilliant performance in his film even though she is very young, she will surely rise to the status of a star very soon in the future. That is surely some appreciation for the young girl who has still not been able to make her mark in the Bollywood film industry.

Bollywood ac