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ITC results bode well for FMCG firms
Fast moving consumer goods (FMCG) companies are likely to register a modest growth for the July-September 2009 quarter on the back of rising consumer demand which is expected to considerably reduce the impact of a disappointing monsoon on sales. Traditionally, summer and winter months make up 30-40 per cent of any FMCG company’s overall sales. http://smallpersonalloans.org.uk

Marico Q3 net up 22% at Rs 62 cr
FMCG major Marico Ltd today said its net profit increased by 22.2 per cent to Rs 62.19 crore for the third quarter ended December 31, 2009.

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Hero Honda sales jump 74% in December
The country"s biggest two-wheeler maker Hero Honda Motors today reported 74.05 per cent jump in its sales in December 2009 at 3,75,838 units as against 2,15,931 units in the same month last year.
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DCI gets PIB clearance for three dredgers worth Rs 1,722 cr

Dredging Corporation of India Ltd has received approval for purchasing three dredgers worth Rs 1,722 crore from the Public Investment Board. Sensex ends up 35pts "The proposal will be forwarded to the Cabinet Committee on Infrastructure for approval," he said. Srivastava said the government desired at least one dredger to be built in any Indian shipyard with technology transfer from an international company. "IHC Holland has been selected for the three dredgers. But, if the company does not agree for technology transfer to any Indian shipyard then we will order only 2 from them," Srivastava said. DCI has 12 dredgers of which some were 30 years. In the 11th plan period, over 600 million cubic metres of dredging was targeted in all ports.


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