Automobiles
Bajaj Auto: Better performance
DESPITE the volume growth in motorcycles and scooters in September, Bajaj Auto has not recorded any notable improvement in turnover for the second quarter of the current fiscal. Net sales inched up by just about 7 per cent to Rs 1,057.12 crores in spite
of the 31 per cent growth in motorcycle volumes.
Maruti's Versa comes to town
MARUTI Udyog Ltd launched the 1.3-litre `Versa', a multi-purpose vehicle (MPV) on Wednesday. Sporting a price of over Rs 5 lakh, the car is targeted at families and corporate buyers.
Maruti tops J.D. Power study
THE country's biggest car manufacturer, Maruti Udyog Ltd (MUL), has topped the J.D. Power Asia Pacific 2001 India Customer Satisfaction Index (CSI) Study. MUL is followed by Honda Siel.
Breweries
26 per cent stake not enough -- SAB wants `say' in BrewCo management
IN a significant move, South African Breweries (SAB) International Ltd has expressed its desire for a crucial place in the management of BrewCo, a demerged beer only entity of UB group. This is essential for SAB to sustain interest in picking up a strate
gic minority stake in BrewCo.
Corporate
Modicorp MD on IFA panel
NEW DELHI: Mr Om Prakash Dani, Chairman, International Fiscal Association-India Branch, has been re- elected as Member, Executive Committee of the International Fiscal Association (IFA).
Financial Performance
Satyam: Showing signs of strain
THE second quarter performance of Satyam Computer shows signs of strain from the adverse business climate in the US, which accounts for 77 per cent of its business. Operating profit (excluding other income) has registered a marginal decline in the quarte
r ended September 2001 compared to the earlier quarter ended June 2001.
BOC India posts Rs 1.86-cr loss in H1
KOLKATA: BOC India Ltd has posted a marginal three per cent increase in sales at Rs 149.98 crore for the six-month period ended September 30, 2001 over the same period the previous year. The company, however, posted a loss of Rs 1.86 crore before extraor
dinary item compared to a small profit of Rs 7 lakh in the same period the previous year.
Balaji Tele net at Rs 6.62 cr
THE net profit of Balaji Telefilms Ltd was Rs 6.62 crore for the quarter ended September 30, 2001.
Century Textiles Q2 net loss at Rs 3.28 cr
MUMBAI: Century Textiles and Industries Ltd has reported a net loss of Rs 3.28 crore for the second quarter ended September 30, 2001, 3.74 per cent higher than the net loss of Rs 3.16 crore for the same period last year.
Gillette India posts Rs 3.55 cr loss in Q3
GILLETTE India Ltd, a subsidiary of the Gillette Company, US, ended the third quarter of 2001 fiscal with a net loss of Rs 3.55 crore.
Indian Hotels Q2 PAT rises to Rs 82.61 cr
INDIAN Hotels Company Ltd (IHCL) on Wednesday reported a rise in profit after tax for the second quarter ended September 30, to Rs 82.61 crore, from the previous corresponding Rs 8.47 crore.
Indo Rama Q2 net rises 114 pc to Rs 6.19 cr
INDO Rama Synthetics (India) Ltd (IRSL) has reported a 114.19 per cent increase in net profit for the second quarter ended September 30, 2001 to Rs 6.19 crore as against a net profit of Rs 2.89 crore recorded in the same period the previous year.
L&T second quarter net swells to Rs 40.46 cr
MUMBAI: Larsen & Toubro Ltd (L&T) has registered a rise in net profit to Rs 40.46 crore for the second quarter ended September 30, 2001 against Rs 12.49 crore in the same period the previous year.
Nicholas net rises to Rs 30.59 cr
MUMBAI: Nicholas Piramal India Ltd has reported an increase in profit after tax at Rs 30.59 crore in the second quarter ended September 30, 2001 against Rs 18.46 crore in the corresponding period the previous year.
Petroleum
RPL reports 107% capacity usage in H1
DESPITE a continuous fall in the domestic consumption of petroleum products, the country's largest refinery, Reliance Petroleum Ltd (RPL), has reported a 107 per cent capacity utilisation in the first half of the current fiscal. RPL has said its refinery
operated at 107 per cent during the first six months of the current year against 93 per cent in the same period last year.
Pharmaceuticals
Ranbaxy gets USFDA okay for Lisinopril
RANBAXY Pharmaceuticals Inc (RPI) has received a tentative approval from the USFDA for Lisinopril tablets. However, it expects to launch the product only in June 2002, when the original patent expires on the drug, Zestril.
