NEW DELHI: The Indian market is expected to open higher on Wednesday tracking positive trend seen in other Asian markets. "At this juncture, wherein the markets are up almost 25 per cent and several midcaps are have notched up even higher, a rational thing for investors would be to expect moderate returns," Sanjeev Zarbade, Vice President - PCG Research, Kotak Securities said. The company's net profit for the quarter stood at Rs 494.41 crore as compared to Rs 743.21 crore in the same quarter last year. : The Delhi High Court directed Britannia Industries Ltd to withdraw its Nutri Choice Digestive Zero biscuits in their current packaging in four weeks from the market after ITC Ltd alleged the former had copied the packaging of its Sunfeast Farmlite Digestive All Good biscuits. The company will seek to emulate the success of rival HDFC, which has raised Rs 4,500 crore in three tranches of such bonds since July this year.

Source: Economic Times September 07, 2016 02:30 UTC