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Hindustan Unilever Q1 net profit rises 4pc, beats estimates MUMBAI: Hindustan Unilever Ltd on Monday said first-quarter net profit rose 4 percent on year, beating analyst estimates.The Indian subsidiary of Anglo-Dutch parent Unilevermade a net profit of 10.57 billion rupees ($175.9 million) for the three months ended June 30, from 10.19 billion rupees in the same period a year earlier.Sales by India's largest manufacturer of household products and consumer goods rose 13 percent to 75.7 billion rupees.Analysts had estimated net profit of 9.66 billion rupees and net sales of 74.3 billion rupees, according to Thomson Reuters StarMine.Copyright Reuters, 2014 ...

Nissan aims to boost US sales and profit as it closes on Honda YOKOHAMA: Nissan Motor Co Ltd aims to boost sales and profitability in the United States, its biggest market, an executive said, after Japan's No.2 automaker posted a 14 percent rise in quarterly U.S. sales, closing in on rival Honda Motor Co.For the April-June quarter, Nissan posted a 4.3 percent quarterly operating profit margin for North America, up from the 3.8 percent it booked the same period a year ago. It sold around 350,000 vehicles in ...
Reckitt Benckiser says to spin off pharmaceuticals arm LONDON: British household goods firm Reckitt Benckiser (RB) has decided to spin off its pharmaceuticals division, it announced on Monday after a strategic review.The company will float the unit, RB Pharmaceuticals, on the London stock market later this year, it said in a statement which also revealed that first-half net profits jumped by almost a quarter."We believe that RB Pharmaceuticals has the potential to deliver significant long term value creation as a stand-alone business," said ...
Samsung delays Tizen smartphone sales launch SEOUL: Samsung Electronics said Monday it would postpone the roll-out of its new smartphone based on Tizen, a home-grown operating system aimed at breaking away from Google's Android system.The delay is seen as a blow to Samsung's campaign to carve out a niche in mobile software and services, to complement its dominant hardware role.The Samsung Z, which has been specially developed by Samsung to run on the Tizen platform, was to go on sale in ...
Amazon to open five new warehouses in India MUMBAI: Inc's Indian unit will open five new warehouses in the country, which will almost double its storage capacity to half a million square feet, the company said in a statement on Monday.Amazon operates two warehouses or "fulfilment centers" on the outskirts of Mumbai and Bangalore. The new facilities will be opened in Delhi, Chennai, Jaipur, Ahmedabad and on the outskirts of Gurgaon.The expansion will allow Amazon to extend its same-day and next-day delivery ...
Australia approves huge India-backed mine SYDNEY: Australia has approved a massive coal mine that could ultimately provide electricity for up to 100 million Indians, angering environmentalists who warned Monday it may threaten the Great Barrier Reef.Environment Minister Greg Hunt said approval for Indian firm Adani's Aus$16.5 billion (US$15.5 billion) Carmichael coal mine and rail project in Queensland state was subject to 36 conditions."The absolute strictest of conditions have been imposed to ensure the protection of the environment, with a specific ...
Ryanair raises annual profit forecast after strong Q1 DUBLIN: Irish low-fare airline Ryanair, which hit a weak patch last year, reported a strong recovery but downward pressures on fares, in a quarterly results statement on Monday. The airline raised its first-quarter net profits by one and a half times, it said and raised its forecast for the whole year, forecasting rising passenger numbers and falling costs. Ryanair lifted its profits guidance for the whole of its year running from April to 620-650 million ...


ArrowDJIA 16,982.59 0.13
ArrowNasdaq 4,444.91 0.10
ArrowS&P 1,978.91 0.03
ArrowFTSE 6,788.07 0.05
ArrowDAX 9,598.17 0.48
ArrowCAC-40 4,344.77 0.33
ArrowNikkei 15,529.40 0.46
ArrowH.Seng 24,428.63 0.88
ArrowSensex 25,991.23 0.52

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln