After finalizing a $200 million buyout transaction with French bigwig Groupe Danone - for its equal stake in biscuit major Britannia – the Wadia group will get complete control over Britannia Industries. Danone will sell its complete 25.48 percent stake to Leila Lands, a Wadia group firm which indirectly holds a similar stake in the biscuit company.

The takeover of the biscuit joint venture company, Britannia Industries, by Wadia will bring to an end the rancorous three-year scuffle between Wadia group and Danone, as the deal will mark the complete exit of the French foods’ company.

Hyderabad based IVRCL Infrastructures & Projects has informed the market that it has bagged project orders worth Rs.359.52 crore from different agencies for construction related works.

In a disclosure to the Bombay Stock Exchange, the company has received the first order of Rs 164.64 crore from Kolkata Metropolitan Development Authority. Under the project, the company will construct Vivekananda Road flyover on turnkey contract basis in Kolkata in a period of 18 months.

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.