Core sector grows by 2.9% in March
The output of the eight core sectors grew by 2.9 per cent in March, official data showed on Tuesday. The core sector had grown by 3% in March 2012. A contraction of 2.5% in core sectors was seen in February 2012. In March, seven of the eight sectors — coal, crude oil, petroleum refinery products, fertilizers, steel , cement and electricity — saw growth in output. It was only the natural gas that showed a decline.
Dabur Q4 net up 18 pc at Rs 201 cr
FMCG major Dabur India on Tuesday posted 17.61 per cent increase in consolidated net profit at Rs200.55 crore for the fourth quarter ended March 31, 2013, on the back of strong growth across key categories like health supplements, haircare, foods and homecare.The company's net profit of Rs170.51 crore in the same period of previous fiscal.
GCPl Q4 Net zooms 73 pc to Rs334.14 cr
Homegrown FMCG major Godrej Consumer Products ltd (GCPl) on Tuesday reported a whopping 73.45 per cent increase in net profit at Rs334.14 crore for the fourth quarter ended March 31, 2013, on the back of robust growth in domestic business.Signalling the progression of the next generation of the promoter family in management of the company, which had posted a net profit of Rs192.64 crore in the same quarter of previous fiscal.
Sensex rises 117 points
The BSE benchmark Sensex today rose 117 points to close at a six-week high of 19,504.18 on funds buying in bluechips led by FMCG stocks such as Hindustan Unilever after its parent company Unilever Plc announces open offer to hikestake in its Indian arm to 75 per cent.The Sensex rose by 116.68 points, or 0.60 per cent, to 19,504.18, a level last seen on March 15. The index had gained 101 points in the previous session.The gauge had touched the day's high of 19,622.68.