Sensex up over 45 points in early trade
profit for the second straight quarter as its finance costs jumped.
Vodafone's India unit said it was inclined to follow price moves by competitors but has not decided on precise steps.
RETAIL
Longchamp is planning to enter India this year and is scouting for a local retail partner to set up its operations, a person familiar with the development
IT
Tech Mahindra Ltd will increase local hiring in the United States and Europe as it seeks to become a more international partner to its customers, Chief Executive C P Gurnani said.
AUTOS
Jaguar Land Rover, part of Tata Motors Ltd is likely to report a lower EBITDA margin in the October-December quarter compared with the previous two quarters, the company said on Wednesday, due to exchange rate fluctuations and a higher mix of Evoque sales.
The Fiat Group may rope in Tata Capital Ltd for vehicle financing in India, the Business Line newspaper reported.
"We hope to have the arrangement with the Tatas by April," said Enrico Atanasi, Managing Director, Fiat India.
AIRLINES
The Supreme Court has directed all airlines not to charge any transaction fee from passengers and rapped the sector regulator for failing to enforce its own circular issued earlier to this effect.
PHARMA
South African drug company Cipla Medpro is expected to demand more than the $215 million on offer from Indian suitor Cipla Ltd to reflect a lucrative government contract win that will increase its earnings power.
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