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Procter & Gamble in talks to buy Sara Lee brands
Procter & Gamble, the maker of Pampers diapers and Pantene shampoo, is in talks to buy part of Sara Lee Corp’s international household products unit, according to people familiar with the discussions.

Videocon to raise Rs 1,245 cr via share sale
Consumer durables major Videocon Industries today said its board has approved raising Rs 1,245 crore by issuing shares on rights and preferential basis.

News of the day

Usha Martin Education & Solutions forays into school management
Nation building through learning – Usha Martin Education & Solutions Limited (UMESL), forays into providing standardized end-to-end solutions and school management services to enable the creation of a national network of high quality English medium K-12 schools with a focus on non-metro towns and cities of India.
Small Business

NTPC Q3 net up 5% to Rs 2,365 cr

National Thermal Power Corporation (NTPC) today reported a growth of 5 per cent in net profit at Rs 2,364.9 crore for the third quarter ended December 31, 2009, over the same period last year. - NTPC undertakes 17 projects to have 75,000 Mw - NTPC"s power exchange likely to be operational next fiscal - TRF bags Rs 611 crore order - Britannia Q3 PAT declines 37% to Rs 29 cr - Simbhaoli Sugars back in black with Rs 44 cr Q3 net - Apollo Hospitals Q3 net up 48% at Rs 44 cr However, total income declined to Rs 11,962.8 crore for the quarter ended December 31, from Rs 12,128 crore in the same period previous fiscal, NTPC said in a filing to the Bombay Stock Exchange. Further the company said that one of its coal based unit located in Uttar Pradesh, which is planned to provide power to Commonwealth Games, has reached full load to produce 490 Mw of power. "One of the company"s coal based unit of 490 Mw of national capital thermal power project located in Uttar Pradesh has been successfully commissioned. It has reached full load on January 29, 2010," the company said. With the commissioning of this unit, the total installed capacity of the company has crossed 31,000 Mw and has become 31,134 Mw. Shares of NTPC were trading at Rs 214.70 on the BSE, down 0.46 per cent from previous close.


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