Bajaj Auto reported a 23.60% growth in motorcycle sales during April 2008 at 2,03,081 units against 1,64,304 units in the same month last year. The company's total two-wheeler sales also rose 23.08% during the month at 2,03,930 units as compared to 1,65,692 units in April last year,
Hero Honda Motors reported a 9.03% jump in motorcycle sales during April 2008 at 2,86,252 units against 2,62,544 units in the same month last year.
Reliance Communications is reportedly looking to bid for South African telecom major MTN. Reliance Communications is talking to leading global banks to raise resources and be ready, in case MTN's management decides to invite bids, the reports added.
MindTree Consulting is reportedly set to acquire mid-tier outsourcing product development (OPD) and testing player, Aztecsoft, for around Rs 400 crore. The deal is expected to be concluded in a couple of days, the reports added.
Jet Airways will hike the cost of full-fare flights by 10% from 3 May 2008. On discounted fares it has announced an increase in the fuel surcharge. For travelling on routes upto 750 kilometers (KM) would mean shelling out to the tune of Rs 150-1950; for routes beyond 750 KM the hike will be between Rs 350-2350.
Essar Steel Holdings (ESHL), a part of Essar Global, on Thursday, 1 May 2008 agreed to acquire Esmark of the US at an estimated enterprise value of $1.1 billion (Rs. 4,500 crore).
Idea Cellular will reportedly invest an additional $400 million (Rs 1,600 crore) for rolling out telecom services in four new circles - Mumbai, Bihar, Tamil Nadu and Orissa. The service provider will start operations in Mumbai and Bihar circles in the July-September 2008 quarter, and in Tamil Nadu and Orissa by the October-December 2008 quarter.
DLF reported a net profit of Rs 638.55 crore on a sales of Rs 1613.32 crore in Q4 March 2008.
Videocon Industries reported 8.6% rise in net profit to Rs 251.22 crore on a 16.8% increase in sales to Rs 2514.91 crore in Q2 March 2008 over Q2 March 2007.
Great Offshore reported 41.6% jump in net profit to Rs 42.39 crore on a 23.9% rise in sales to Rs 184.98 crore in Q4 March 2008 over Q4March 2007
State Bank of India, Great Eastern Shipping, Jyoti Structures, Nestle, NOCIL, Pratibha Industries, and United Phosphorous, among others will declare their March 2008 ended results today.