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Corporate

Plan to mitigate the scorching summers with a cool new air conditioner (AC)? Well, be prepared to shell out more as AC and refrigerator manufacturers turn up the heat.

 
 
Several leading corporates have paid more advance tax in Q4 of FY11 compared to the year-ago, indicating their healthy financial performances.
The company, which last year said it would be selling the businesses for a combined value of Rs 100 crore, said it now stands to get Rs 70 crore from the deal.
 
 
FMCG player Jyothy Laboratories on Wednesday said it has acquired 14.9 per cent stake in Henkel India in an all-cash deal amounting to Rs 60.73 crore.
Commenting on the company's future plans, the firm's Customer Care MD said Shoppers Stop would invest Rs 450 crore over the next four years to add more stores.
The ministry had on March 12 ordered "permanent suspension of work" at the 1.91 million tonne per annum capacity cement plant in Bhavnagar district in Gujarat.
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