IT Update
Rupee hits all-time low of 44.15 The rupee on Wednesday plunged to its historic low of 44.15/16 against the dollar on heavy demand from corporates and short-covering by banks. HLL to go full tilt at premium segment The string of recent failures of premium brands in the Indian market will not deter the Rs 10,145 crore FMCG behemoth Hindustan Lever Ltd (HLL) from proactively growing the market for prestige brands in the country. ITC's net profit rises 27 per cent to Rs 792 crore ITC's net profit for the year to March 31, 2000, has risen 27% to Rs 792 crore, its highest ever, from Rs 623.42 crore posted in the previous year. Ministry blocks NTC bid to sell Swadeshi Polytex stake The textiles ministry has shelved the National Textile Corporation's move to divest its 33.63% equity stake in the Kanpur-based nationalised textile mill, Swadeshi Polytex Ltd (SPL). US Airways chief executive Rakesh Gangwal may quit Rakesh Gangwal, the first Indian American to head an American airline, will most likely quit as CEO of US Airways if the merger with United Airlines (UAL) reported late on Tuesday goes through.
Rupee hits all-time low of 44.15
HLL to go full tilt at premium segment
ITC's net profit rises 27 per cent to Rs 792 crore
Ministry blocks NTC bid to sell Swadeshi Polytex stake
US Airways chief executive Rakesh Gangwal may quit