Sensex down 39 points amid weak trend in world markets
according to sources familiar with the matter.
AUTOS
Tata Motors Ltd posted its first drop in profits in five quarters as its Jaguar Land Rover (JLR) business faced higher spending and a drop in operating margin after 18 months of soaring profit.
PROPERTY
DLF Ltd reported a 10.5 percent rise in quarterly net profit, helped by a one-time gain from the sale of non-core assets during the quarter ended Dec 31.
IT
Mahindra Satyam will undertake organizational restructuring by creating mini business units headed by mini CEOs as the software services company works towards its 2015 sales target of $5 billion, said CEO CP Gurnani.
TELECOM
India's top court on Thursday upheld a decision to revoke the operating licences of several mobile phone companies after police said the sale of the licences was tainted by corruption.
Eight carriers including the local subsidiary of Russia's Sistema and Indian firms Idea Cellular, Videocon Telecommunications and Tata Teleservices, were affected by the court order.
SPIRITS
United Breweries Ltd said the brand "Kingfisher" has not been pledged by the company to any lender to secure its loans and added no shares of the company are pledged to the lenders of Kingfisher Airlines Ltd.
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