Nestle india dividend plan

One of the Leading FMCG Sector company Nestle India has informed Bombay Stock Exchange (BSE) that the Register of Members and Share Transfer Books of the Company will remain closed from March 23-30, 2012 for the purpose of Payment of Final Dividend the same will be discussed in the Annual General Meeting (AGM) of the Company which will be held on coming Friday, March 30, 2012

Stock name: Nestle India Ltd
Scrip code: 500790
Last Traded Price(March23, 2012) : Rs 4690.00

HDFC Q3 Results rose up by 31%(Rs 1429.7 crore)

One of the blue chip company HDFC Bank Ltd, which is India’s one of the largest private sector bank announced their Q3 results on thursday. As per the data published the net profit in the 3 months ended 31st Dec 2011 rose 31% which is Rs. 1,429.7 cr, the major contribution towards this profit is from loans, fees and commissions.Earnings per share is calculated and it is Rs. 6.1 raised from Rs. 4.6 last year. HDFC Banks earnings beated the predictions which is around Rs. 1,380 cr net profit for the month ended December quarter.

Nippon life insurance MOU with Reliance Capital Asset Management

Nippon Life Insurance signed a memorandum of understanding (MoU) and acquired a 26% stake in Reliance Capital Asset Management (RCAM) for Rs 1,450 cr. Nippon life insurance is one of the Japanese company and this is the biggest foreign direct investment in the Indian mutual fund sector. Reliance Capital Asset Management is part of the financial services arm of Anil Ambani's Reliance Capital. According to a press release, this deal was taken place as per the suggestion by Morgan Stanley. The total value of Reliance Life Insurance is around $1.1 billion which is approximately 6.64% of Nippon life insurance's total assets This is one of the biggest deal taken place after two years in the Indian market.

Air India flight operations blocked

Air India flight operations are blocked due to strike by pilots and they reported sick as part of their 'work to rule' stir against the Air India's management failed to pay the salary and allowances for the past 5 months. So government started looking into this issue to resolve it as soon as possible.

More than 15 flights were cancelled due to the strike. the particular flights such as Nagpur, Ahmadabad, Chennai, Leh, Bangalore, Bagdogra, Amritsar and Kolkata were cancelled from Delhi after 22 pilots in the national capital reported sick, seven flights were cancelled from Mumbai due to this issue.

Protesting non-payment of their salary and allowances, a section of Air India pilots had yesterday decided to go on "no-pay-no-work" formula from Friday night.