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Company News

HUL profit goes down showing constraints for growth in FMCG sector

HULHindustan Unilever or HUL ,which is a well known homecare and personal products maker reported a fall of one decimal eight percent profit in its first quarter ended in June taking the amount to five thirty three decimal two crores of rupees as it had to bear high material costs and expenses on advertisements to gain volume in sales.  

Acqisition of land for Posco steel project has been termed illegal

PoscoToday government of Orissa had begun the process of acquisition and resurvey for the proposed Posco steel project worth five four thousand crores of rupees although it had been termed illegal by a visiting central team as the process violates the Forest Rights Act.

JSW steel, plans to raise a sum of Rs.5, 700 crores by selling its stakes to JFE

JSWJSW Steel has come with a proposal of raising a sum of fifty seven hundred crores of rupees by selling fourteen decimal nine percent of its stake to Japan’s second biggest steel producer JFE holdings

Cairn may be given extra time to explore Rajasthan block for oil& gas

CairnCairn India may be given additional time by the Indian government so that it can explore more for oil and gas in its oilfield, located in Rajasthan, if the company agrees to pay taxes, proportionate to the stakes hold by the company in the energy asset.   

BP receives wakeup call and thirty two billion dollar charges for the oil spill

BPOn Tuesday, the newly named chief executive of BP Plc's (BP.L) (BP.N) said that the Gulf oil spill is a warning for the entire industry to be circumspective as BP summed up its losses and revealed two American investigations.

“Coordinated vulnerability disclosure" from Microsoft

Microsoft Coordinated VulnerabilityMicrosoft is on the verge of substituting the term "responsible disclosure", with "coordinated vulnerability disclosure" as the true-to sense term for making a debate in view of sharing information about threats reported tech news site eWeek.

Dell to renovate hardware testing

Dell to renovate hardware testingDell will soon be revamping the hardware testing procedure to ensure the fact that the motherboards with malware defects do not go reach out to the users, reports PC world.

It was a report laid out by the computer giant, that a few of the motherboards i. e., four servers, PowerEdge R310, R410, R510 and T410, issued to the users were considered a substitute, which were infected with W32. Spybot.