Motilal Oswal Financial Services, one of India's leading stockbroking and research firm, has come out with earnings estimates on FMCG sector for the quarter ended March 2009.

The company in its latest research report revealed that Nestle's March quarter sales are expected to go up by 18.7% to Rs 1295.4 crore on Y-o-Y basis.

In addition, Motilal Oswal predicated Nestle's net profit to go up by 18.5% to Rs 201.5 crore on Y-o-Y basis.

Motilal Oswal, one of the leading equity research and broking houses of India, has come out with earnings estimates for Tata Tea for the quarter ended March 2009.

According to the research conducted by the firm, Tata Tea, the Largest Tea manufacturing company in India, is expected to register 9.7% growth in March sales to Rs 1291.4 crore on Y-o-Y basis.

In addition, the company's net profit is also predicted to go up by 18.6% to Rs 80.8 crore on Y-o-Y basis.

The bigwig information technology service provider HCL Technologies has signed a $100 million six-year transformation deal with document management firm, Xerox Corporation, for the outsourcing of data-center services. The two companies already entered into a partnership in November, according to which HCL would facilitate companies in the incorporation of Xerox's manage print services into their systems.

In a latest report, Motilal Oswal, one of the leading stock research firms in India, revealed that Beauty and wellness company Marico's March quarter sales are expected to go up by 23.6% to Rs 578 crore on Y-o-Y basis.

In addition, the company's net profit is also expected to surge by 22% to Rs 36.8 crore on Y-o-Y basis.

It may be noted that apart from Motilal Oswal, many market analysts are also positive on Marico's upcoming results.

Power equipment manufacturer BHEL announced that its boiler auxiliaries facility had attained a record high turnover of Rs 2,000 crore during the last fiscal (2008-09).

During the fiscal, the company said that the profit before tax (PBT) stood at Rs 253 crore.

Moreover, its dispatches were up 30% at 1.9 lakh metric tonnes during the period under review.

The facility saw an increase of 26% in its growth rate, while it bagged orders worth Rs 3,700 crore during the fiscal.

Satyam Computer Services is ready to have a new owner on April 13.

Deepak Parekh, Satyman board member and HDFC Chairman, announced that suitors will now have more time to submit their financial bids for the company.

He said that the financial bids will be opened at 9 am on April 13.

Moreover, the winner will be declared on the same day.