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Profit Top 10: Petrol price to go up; HUL, L&T Q1 beat estimates

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New Delhi:  

  • Petrol price to go up by 70 paise
  • Maruti's Manesar unrest: Top brass to meet Haryana chief minister 
  • Weather-driven food inflation another headache for India
  • India Inc waiting for good signal on policy front: Assocham
  • Wipro Q1 results: What investors can expect
  • Larsen & Toubro Q1 net up 19%, shares gain
  • HUL posts 13.6% rise in sales at Rs 6,250 crore
  • Sensex ends at 1 month-low amid Spanish bailout fears
  • What’s holding up investments in KG-D6?
  • IT spending in India to grow at 16.3% to $43.6 bn in 2012: IDC
 

 

1) Petrol price to go up by 70 paise

After two sets of reductions in petrol prices last month, oil marketing companies will raise petrol prices by 70 paise effective midnight tonight, according to Press Trust of India. The fuel will cost Rs 68.48 per litre in Delhi after this hike. (Read more)

 

2) Maruti's Manesar unrest: Top brass to meet Haryana chief minister

Haryana Chief Minister Bhupinder Singh Hooda will meet Maruti Suzuki Managing Director and CEO Shinzo Nakanishi in Delhi today.  (Know top ten developments)

 

3) Weather-driven food inflation another headache for India

Faced with slowing economic growth and a dangerously high balance of payments deficit, about the last thing India needs is food prices pushing inflation higher, but that is just what the weather gods are brewing. (Details)

 

4) India Inc waiting for good signal on policy front: Assocham

Pointing out a decline in overall business confidence, industry body Assocham on Monday said corporates which are braving negative perception may not be able to hold on their bottomline unless “good signals” emerge on the policy front. (Read here)

 

5) Wipro Q1 results: What investors can expect

Wipro, India's third largest IT outsourcer is likely to report muted growth in the June quarter. Here are five key expectations from Wipro's earnings. 

 

6) Larsen & Toubro Q1 net up 19%, shares gain

Larsen & Toubro, the biggest Indian engineering and construction company, reported a jump of 19 per cent in the net profit at Rs 864 crore over net sales of Rs 11,960 crore for the quarter ended June 2012. (Full copy)



 

7) HUL posts 13.6% rise in sales at Rs 6,250 crore

Consumer goods major Hindustan Unilever (HUL) on Monday reported a 13.6 per cent rise in sales at Rs 6,250 crore, slightly below analyst expectations of Rs 6,322 crore, and above Rs 5,503.9 crore in the previous quarter. (Read more)

 

8) Sensex ends at 1 month-low amid Spanish bailout fears


The BSE Sensex plunged 281 points or 1.6 per cent to end below the key 17,000 mark. It ended at 16,877 - the lowest close in a month since June 25. The broader Nifty index closed below the key 5,150 mark, and the rupee traded 1.1 per cent lower at 55.92 to the dollar. (Market report)



Rupee at over 1-week low on weak euro




9) What’s holding up investments in KG-D6?

Reliance Industries has said regulatory issues continue to be a "big hurdle" in additional investments in its oil and gas fields as it awaits approvals for key expenditure that would help reverse decline in output at eastern offshore KG-D6 fields. (Know more)

 


10) IT spending in India to grow at 16.3% to $43.6 bn in 2012: IDC


IT spending in the country is expected to grow by 16.3 per cent to $43.57 billion (Rs 2.43 lakh crore) in 2012, on increased spending by SMEs and rising investment in emerging technologies, research firm IDC said on Monday. (Read full copy)





Story first published on: July 23, 2012 19:32 (IST)

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