26th October - Business Line

Ritu Dahiya
Roma
Ruchi Sharma
Section - F


1. AFTER LONG LULL, HUL’S GROWTH REVS UP AGAIN
Hindustan unilever (HUL) has managed to rev up its growth momentum once again,with sales volumes shooting and value growth picking after a long lull.
The company’s sales volume growth accelerated to a healthy 14percent for this quarter, from 10 percent levels over the past two. With input costs in some FMCG catagories shooting up,players in select catagories like soaps,hair oils and tea have begun to take price increases over the past quarter.
Growth in soaps and detergents, personal products and foods were notable. However,on a sequential basis,the company does seem to be going slower on its advertising and promotions. Even though HUL’s ad budget for the September quarter expanded by 13 per cent compared to last year, there is a dip in the ad spend to sales ratio,compared to the june quarter. This could signal a lull in competitive activity or the pace of the new product launches.

2.RAJASTHAN ROYALS MOVES COURT AGAINST BCCI
Rajasthan Royals field a petition in the Bombay high court against the Board of cricket for control in India for terminating its franchise contract. According to BCCI, the bid document was picked up by the Uk-based Emerging media. However, while signing the agreement for the Jaipur franchise, it was submitted in the name of Jaipur IPL cricket private limited.
The franchise will be represented by supreme court lawyer, Mr.Harish slave. Mr.Suresh chellaram, a 44 per cent stake holder in the franchise, is fromer IPL chief, Mr. lalit Modi’s brother in law.

3.Japan, India agree to abolish most trade tariffs
The Prime Minister, Dr. Manmohan Singh, and his Japanese counterpart , Mr.naotokan,on monday agreed in principle on an economic partnership accord that will abolish tariff on 94 percent of bilateral trade in 10 years. Indian economy expanded 8.8 percent in the april-june period,a rate of growth matched by Brazil.The two prime ministers also agreed on a joint vision for a strategic partnership.

4.Coal India Ltd IPO will mop up at Rs 15,200 crore:
CIL with empowered Group of Minister will issue price for the mega share at Rs245.
CIL shares will get listed on 4th November.
The issue price has been fixed at Rs245 per share.
The employers of CIL are getting 5% discount on IPO.

5.Soaring cotton prices leave mills in quandary,but growers sore:
The prices of cotton is continously rising across the country now a days.
Farmers are spending a heavy amount to save their crop form pests and diseases.
This year in Gujrat cotton bales have arrived less compare to previous year.
In New York,the delivery for cotton will increase in December upto 4%.

6.SEBI tightens norms for preferential allotment:
Sebi has doubled the limit of maximu application size of retail investors.
IPO will provide additional disclosure to the nature of insurance business.

7.Wal-Mart CEO sees 'progress on FDI in multi-brand retail':
India will allow 5% FDI in single brand retail.
Companies are permitted to operate only wholesale.
CEO of Wal-Mart appreciates the Indian Business that it is outstanding.
Wal-MArt is currently having joint ventures with Bharti group and also run four cash and carry outlets to supply.

8.Obama,PM talks to focus on economy,clear Energy:
Issues concerned with the economy,environment,science and technology are going to be a moajor part of the discussion between US president,MR.Barack Obama and Indian Prime Minister,Dr.Manmohan Singh.Adding to these outsourcing and issues related to visa will also be discussed.

9.Britians'Infrastructure to get Rs200 billion investment:
Uk is soon to began a National infrastructure plan as countries like India,China and Us are posing threats in terms of transport utility and communication capabilities which will require investment of 200 billion from the private and public sector.

9.Oil refiner's output dips 10.2% in September:
Domestic public and Private refiners such as Indian oil corporation and Reliance Industries limited have produced 10.2% less crude oil due to shutdown for regular maintenance work in month of september.