Dish TV narrows Q3 loss at Rs 44.

28 cr
DTH major Dish TV reported a lower net loss at Rs 44.28 crore for the quarter ended December 31, 2010 on the back of increased ARPUs and better product mix. The company's net loss stood at Rs 76.23 crore for the same period during the previous fiscal. "Q3, being the festival period has a significant potential for leveraging on the burgeoning consumer demand. In line with our expectations, Dish TV registered exceptionally strong growth during this period," Dish TV Managing Director Jawahar Goel said. Price hike across popular packs resulted in package mix getting favourably skewed towards higher value packs, he added. Total income rose to Rs 374.9 crore for the quarter under review from Rs 278.56 crore for the same quarter last year. Dish TV's subscriber base stood at 9.4 million at the end of December 31, 2010, which it expects will cross 10.5 million by the end of the fiscal.

Tax raids launched on pan-masala cos
The Income Tax department today raided business establishments and residences of prominent pan-masala and gutkha manufacturers in 14 states. The raids were conducted on 69 premises related with manufacturers of the tobacco products, sources said. "The raids and survey were conducted by over 1,000 tax officials and security personnel," they added.

is expected to take a 5% increase in soap prices in due course. in a similar search operation. the price of Lux International (75 gm) has been increased by Rs 2 to Rs 22.The raids comes a day after. A few days ago. The traders have admitted of tax evasion of about Rs 150 crore. At the same time. the Central Board of Direct Taxes said. It was the largest ever cash haul of unaccounted money by the department. GCPL. GCPL. The IT department has unearthed unaccounted income of over Rs 15. This has put pressure on the margins earned by soap makers. too.1. West Bengal had seized unaccounted cash and bank deposits worth RS 12. because raw material costs have risen. has also raised the price of Liril soap (75 gm) by a rupee to Rs 22. the IT department in Asansol. who are . HUL.2 crore of unaccounted money from three Delhi-based commodity traders. We have raised prices in hair colour and we are looking at raising prices of soaps." said Adi Godrej. it is now Godrej Consumer Products (GCPL) which is planning to raise soap prices on account of rising input costs. Cinthol and Godrej Renew. The company markets brands like Godrej No. Godrej Consumer to hike soap prices on high costs mumBAI: After Hindustan Unilever (HUL). Palm oil prices have been shooting up on global supply constraints. the second-largest soap maker after HUL. "Vegetable oil prices have risen quite a lot over the last few months. the department said it has recovered of Rs 44. chairman.000 crore in the last two years. which had hiked the price of Lux soap (90 gm) by Re 1 to Rs 17 last week.57 crore. it added.

CMD. Jyothy Laboratories. including cost effectiveness programmes and judicious price increases. "The government should attempt to maintain the purchasing power of consumers by keeping a hold on interest rates. It had added that a strong driver to the growth would be the positive sentiment of the consumer with respect to purchases. had stated that it was the FMCG industry which helped the Indian economy emerge fast from the clutches of the global recession. income growth is a new-found phenomenon for rural consumers who have upgraded to branded products. released last year. A CII report. economist. it is important to maintain the purchasing power of consumers. it remains to be seen how the product price increases undertaken by companies would impact volumes. Trends in rural consumption could get a boost following the proposal to link wages under the employment guarantee act to inflation. In particular. "We expect that an increase in wage incomes both at the rural and the urban level could partially offset the rate/inflation impact and help support consumption." said M P Ramachandran. Citi India." said the spokesperson. adding to the growth of the FMCG sector. FMCG companies feel that while inflationary pressures can be tackled. But economists say this would not derail the growth story.left with little choice but to pass on the cost escalation to consumers. taxes and duties. "It should be noted that the increase in cost of some commodities is exceptionally high. However. Ramachandran said consumer products are the first to get hit when purchasing power declines and consumers downgrade to lower-priced products. An HUL spokesperson said the company was looking at all possible options." said Rohini Malkani. This impacts the industry as a whole. . Many factors like high inflation and interest rates edging higher have jolted the macro-economic environment of the country.

80 per dollar in morning deals.53/54 and dropped further to 45. especially against the Japanese yen and British pound.******************************************************************************* Rupee down by 27 paise against dollar Mumbai : The rupee fell sharply by 27 paise to 45.cms#ixzz1BgJ2Wbr2 .indiatimes.74/75 per dollar at 1030hrs. It moved in range of 45.56 per barrel. now the world's second-largest economy. the domestic unit opened lower at 45. crude oil prices were lower in Asian trade today as unexpected gains in US crude inventories placed a dampener on energy demand. light sweet crude for March delivery.80 against the US currency in late morning trade due to strong dollar demand from banks and importers. Read more: Rupee down by 27 paise against dollar . analysts said.63 per dollar and 45. fell three cents to USD 89. Meanwhile. as positive US economic data trumped optimism about Europe and worries that China.63/64 a dollar from its previous close of 45. a dealer per dollar before quoting at 45. In active trade at the Interbank Foreign Exchange ( Forex) market.The Times of India http://timesofindia. might be pushed towards tightening monetary policy. New York's main contract. The dollar turned higher in New York yesterday. Sustained demand for dollar in view of firm US currency in New York mainly affected the rupee value.