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Thermax Q3 dips 22% to Rs 56 cr
Engineering equipment maker Thermax Ltd today said its net profit declined by 21.84% to Rs 56.50 crore for the third quarter ended December 31, over the same period corresponding fiscal.

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Govt may decide on freeing petrol, diesel pricing this week
The government may decide on freeing petrol and diesel prices after an expert committee on fuel pricing submits its report this week, Petroleum Minister Murli Deora said today.

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Ashok Leyland sees 3-5% sales drop
Commercial vechicle manufacturer Ashok Leyland (AL) expects its overall sales to drop by 3-5 per cent in the second half of the year, in case the poor monsoons this year hits the economy hard. The company, at the same time, is bullish on its bus segment on the back of the impetus provided by the Jawaharlal Nehru National Urban Renewal Mission(JNNURM) order book.
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McDowell to use soccer platform for promoting rum brand

Vijay Mallya-promoted United Spirits is focusing on football as platform for promoting McDowell"s Celebration rum. - Bagpiper punch for Diageo - A new high for Officer"s Choice - NEWSALERT: McDowell Holdings loss widens in Q1 - Harish Bhat reappointed as McDowell Holdings MD - Money makes the derby run - McDowell pledges entire stake in UB Holdings The company, which spends 50 per cent of its branding budget through sports, is looking at growing sales of Celebration by 12 per cent in next one year. "After cricket, football is the most popular sports in India. United Spirits has a long association with sports in the country and following that tradition, we are now focusing on football as platform for promoting the Celebration brand," United Spirits (USL) Business Head Mathew Xavier told PTI. McDowell"s Celebration Rum is the third-largest selling rum in the world and the company has sold over 10 million cases of the rum in the last fiscal. Xavier said that by associating more with football, USL expects Celebration Rum sales to grow by over 1 lakh cases per month. Thus, annual sales of the rum are likely to go up by 12 per cent or 1.2 million cases in the next one year. USL is kicking-off its nation-wide football event -- "freestyle football extravaganza" -- under the McDowell"s Freestyle Friendzy banner from November 27 in 21 cities. The event is an aggressive format of football that involves the expression of dribbling and other jugglery skills.


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