Outsourcing auto components for MNCs -- Rough road ahead for Maini group
AUTO component manufacturers might have cause for worry about their future, for after April 2001, quantitative restrictions will be removed post-WTO.
Bharti Televentures offers ESOP
NEW DELHI: Bharti TeleVentures Ltd (BTVL), part of the Bharti group, on Monday announced a stock option scheme for its employees. BTVL is the holding company for the group's telecom services ventures -- basic, cellular, Networks and ISP/portal.
Sushil Suri to head Morepen Labs
NEW DELHI: After the demise of Mr K.B. Suri, former Chairman and Managing Director of Morepen Laboratories Ltd (MLL), an emergency board meeting of the company held here on Sunday inducted Mr Sushil Suri as the new Chairman and Managing Director.
The Pioneer to raise Rs 25 cr to fund multimedia venture
CMYK Printech Ltd which owns and publishes the English daily, The Pioneer, will be raising Rs 25 crore next year to fund the group's extension into the multimedia arena.
Suven Pharma turnover, net up
HYDERABAD: Suven Pharmaceuticals Ltd (SPL), a contract research and manufacturing services firm catering to the global life sciences and fine chemicals companies, has registered a growth in sales turnover and post-tax profit for the second quarter of the
current fiscal year ended September 30.
Lakshmi Mills Q2 net zooms
COIMBATORE: Lakshmi Mills Company Ltd (LMC) has recorded a higher net profit of Rs 1.49 crore (Rs 19.34 lakh) for the second quarter ended September 30, 2000, mainly through higher net sales and increase in capacity utilisation.
BEL net up in Q2 on higher sales
BHARAT Electronics Ltd (BEL) has reported a net profit of Rs 24.44 crore (Rs 18.20 crore) from net sales of Rs 289.23 crore (Rs 213.64 crore) for the quarter ended September 30, 2000 on a good order-book position and ``matching growth from both defence a
nd civil sectors.''
Shanthi Gears net up
COIMBATORE: Shanthi Gears has reported a net profit of Rs 1.47 crore for the quarter ended September 2000, against Rs 1.44 crore in the same period the previous year.
Indo Gulf net up 20%, sales down
MUMBAI: Indo Gulf Corporation Ltd has reported a 20 per cent increase in net profit at Rs 58.65 crore for the July-September 2000 quarter (Rs 48.92 crore) but net sales were slightly lower at Rs 531.55 crore (Rs 535.60 crore).
CESC cuts loss by Rs 6 cr, turnover up
CALCUTTA: CESC Ltd, an RPG Group power utility operating exclusively in the city, has been able to reduce its operating loss during the second quarter of the current fiscal by Rs 6 crore to Rs 18 crore, from the Rs 24 crore recorded in the first quarter.
The turnover during the quarter under review increased from Rs 457 crore (for the same period last fiscal) to Rs 504 crore.
Hindalco Q2 net up 8.7%
HINDALCO Industries Ltd has reported an 8.7 per cent increase in net profit at Rs 175.4 crore (Rs 161.3 crore) for the second quarter ending September 30, 2000.
India Cements net down 28%
CHENNAI: India Cements Ltd (ICL) has reported a lower net profit of Rs 19.53 crore for the quarter ended September 30, 2000 as against Rs 27.18 crore reported for the corresponding quarter last year.
IVRCL net falls in Q2
HYDERABAD: IVRCL Infrastructures & Projects Ltd has posted a turnover of Rs 56.93 crore and a net profit of Rs 2.1 crore during the quarter ended September, 2000. The company's turnover as well as the net profit have declined when compared to a turno
ver of Rs 61.06 crore and a profit of Rs 2.49 crore registered during the corresponding period previous year.
Wockhardt 9-month net jumps to Rs 52 cr
MUMBAI: Wockhardt Ltd has reported a net profit of Rs 22.5 crore in the quarter ended September 30, 2000 against Rs 18.7 crore in the same period the previous year.
Rhone Poulenc Q2 net up 34 pc
Rhone Poulenc India Ltd has registered a 34 per cent increase in net profit at Rs 9.03 crore in the second quarter ended September 30, 2000 against Rs 6.73 crore in the corresponding period last year.
Cheminor Drugs net up
HYDERABAD: Cheminor Drugs Ltd (CDL), part of the Dr Reddy's group which is currently being merged with Dr Reddy's Laboratories Ltd, has registered a marginal fall in sales turnover, but achieved a growth in net profit owing to substantial increase in ot
her income for the second quarter of the current fiscal year ended September 30, 2000.
Computech Intl Q2 net up
MUMBAI: Computech International Ltd (CIL) has posted a net profit of Rs 5.76 crore for the second quarter ended September 30, 2000 against Rs 4.27 crore in the same period last year.
Sundaram Brake net dips
CHENNAI: Sundaram Brake Linings Ltd has reported a 66.2 per cent drop in net profit and a 10.2 per cent drop in sales for the quarter ended September 30, 2000 compared to the corresponding period the previous year.
Sundaram Clayton net down 71 pc
Sundaram Clayton Ltd has reported a 71.3 per cent drop in net profit and a 4.3 per cent drop in total income for the quarter ended September 30, 2000 compared to the corresponding period previous year.
ICSI President in SEBI MF panel
NEW DELHI: The President of the Institute of Company Secretaries of India (ICSI), Mr J Sridhar, has been appointed as a member of the Advisory Committee on mutual funds by the Securities and Exchange Board of India (SEBI).