Ad valorem duty of 12 per cent of the retail selling price would be levied on cement sold at more than Rs 190 per 50 kg bag.
Wockhardt Ltd has acquired Negma Laboratories in an all-cash deal worth $ 265 million.
Pratibha Industries Ltd has secured a contract from GMS Construction Pvt. Ltd. for Rs 199 million.
Welspun-Gujarat Stahl Rohren Ltd has bagged prestigious pipeline orders worth Rs 700 Crores (USD 170 mn.) for the supply of line pipes overseas.
Phillips Carbon Black Ltd (PCBL) is to expand its capacity by 1,25,000 tonnes.
Housing Development Finance Corporation's (HDFC) fourth-quarter net profit rose 29 per cent.
Aditya Birla Nuvo has posted a 9.86 per cent increase in net profit at Rs 62.26 crore (Rs 56.67 crore) for the quarter ended March 31, 2007.
Century Textiles and Industries Ltd. has recorded a net profit at Rs 94.36 crore for the quarter ended March 31, 2007, against Rs 25.21 crore in the corresponding quarter previous year.
Info Edge (India) reported net profit of Rs 10.13 crore for the fourth quarter ended March 31.
Anand Rathi - Daily Fundamental Snippets - May 4 2007