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Reliance net
surges 27 pc
Reliance mobile
customers unhappy |
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Global roaming on
BSNL cellphones Infosys,
Microsoft, Intel join hands 6,000-cr package
for coal mines Import of poultry
food banned
Baleno prices cut
by 25,000
HCL, SAIL, ICICI Bank profits
grow
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Reliance net surges 27 pc
Mumbai, January 29 The company’s consolidated net profit rose 40 per cent to Rs 1,540 crore, while its turnover rose 21 per cent to Rs 18,864 crore, RIL Vice-Chairman and Managing Director Anil D. Ambani told reporters here today. RIL registered a 20 per cent increase in cash profit at Rs 2,335 crore and a 28 per cent rise in exports at Rs 2,918 crore during the quarter under review, he said. For the nine-month period ended December 31, RIL posted a 28 per cent rise in net profit at Rs 3,848 crore, which is before a voluntary retirement scheme, on a total income of Rs 54,066 crore, up by 14 per cent from that recorded during the same period of the previous year. The company’s consolidated net profit rose 31 per cent to Rs 3,944 crore on a cash profit of Rs 6,550 crore, up by 17 per cent, Ambani said. RIL posted a 42 per cent increase in exports at Rs 10,755 crore for the nine-month under review. Consequent to the revaluation, the company incurred an additional charge for depreciation of Rs 63 crore for the nine-month period ended December 31, it said. However, this did not have any impact on the profit for the period, it said. The company had also debited Rs 12 crore from the profit and loss account, being charges staff costs of nine months, it said, adding, these were deducted during the quarter. Reliance Industries Ltd today unveiled a greater roadmap for future and said it aimed to garner a cash flow of Rs 30,000 crore in the next three years. “We aim to become a company with cash flows of about Rs 30,000 crore in the next three years and join the top 200 companies in the world which have cash flow of more than Rs 10,000 crore,” Anil Ambani told reporters after announcing RIL's Q3 results. He said the petrochemicals sector, which was in the initial stages of upcycle with the prices still hovering around 50 per cent of its peak in 1995-96, would help the company achieve the targets.
— PTI
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Reliance mobile customers unhappy Kumarhatti, January 29 RIL launched its mobile services in Shimla, Solan and Parwanoo two months ago, but has not provided complete connectivity. The company had set up its outlets in these towns through private agencies and booked connections under the Rs 501 scheme. “Company agents have made a fool of us. Poor coverage and limited facilities is the reason why the subscribers are cancelling the connections,” claimed some Reliance subscribers. “While subscribing we were assured of quality services. But most of the time the service cannot be used as the signal is available only in and around Solan and Parwanoo. Only Reliance-to-Reliance call facility is available and that too is of no use,” they lamented. “Handsets provided by the company have become a toy for children,” pointed a panchayat vice-president, who decided to discontinue the connection. When contacted, a senior official of
RIL, based in Chandigarh, asserted that the company had applied for clearance with
DoT.
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Global roaming on BSNL cellphones
New Delhi, January 29 “BSNL will offer international roaming in 164 countries from February 1,” company Chairman and Managing Director V. P. Singh told a news conference here. The company announced free talk-time for its post-paid cellular subscribers, who have completed six months, as part of which the subscriber of Plan 325 will get a free talk-time value of Rs 75 per month and customers of Plan 525 will get free talk-time value of Rs 150 per month. The free talk-time value for the post-paid subscribers as also the reduced SMS charges will be effective from February 1, 2004. The SMS tariff for BSNL’s pre-paid subscribers will remain unchanged. BSNL has also revised tariffs for its WLL subscribers which would be effective from March 1. As part of this, the rental for WLL, which was Rs 200 per month, has been brought at par with basic telephony rates of Rs 120, Rs 180 or Rs 250 per month depending on the exchange capacity.
— PTI
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Infosys, Microsoft, Intel join hands
Bangalore, January 29 “The three companies have joined hands to offer next generation e-banking solutions that are out-of-the-box and ready to be deployed”, the NASDAQ-listed, Bangalore-headquartered company said in a statement. The solution is based on Infosys’ ‘Finacle’, running on Microsoft.NET and Intel platform. This joint initiative was a result of efforts which these companies had been investing in optimising the solution to deliver and maximise business value and return on investment to their mutual customers, Infosys said. “The combined solution offers customers lower total cost of ownership and clear time to market advantage gained by deploying a pre-integrated and optimised solution stack”, it
added. — PTI
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6,000-cr package for coal mines
Kolkata, January 29 Addressing a Meet-the-Press programme at the Kolkata Press Club, she said Rs 4,000 crore would be for the revival of BCCL and Rs 2,000 crore for ECL. Other coal mines in the country were profit-making, she added. Ms Banerjee reiterated that no coal mines would be closed and workers associated with the coal industry would not be retrenched. The Minister, who announced a number of welfare schemes, said Coal India Limited (CIL) would provide financial assistance for setting up a state-of-the-art hospital on the lines of Delhi-based AIIMS on the E M Bypass. The Kolkata Municipal Corporation (KMC) would provide land for it. She said a captive power plant on the lines of Chennai would be set up in the Purulia-Bankura belt to make the mines in the area power self-sufficient.
— UNI
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Import of poultry food banned New Delhi, January 29 The ban has been imposed following reports of the outbreak of bird flu in some South East Asian countries. Union Health Minister Sushma Swaraj told mediapersons here on Thursday that a special vigil was being kept on passengers of the Samjhauta Express from Pakistan and the Border Security Force had been asked to be alert on the border states. Commending the role of the Punjab Government in maintaining strict vigil on passengers from Pakistan, she said, “We have also banned the import of poultry food processed from any country.’’ Mrs Swaraj announced the measures after a meeting with the Union Agriculture Minister, Mr Rajnath Singh, and officers of the Agriculture Ministry and the World Health Organisation.
No effect in India
Amritsar: Amritsar Poultry Association president Jodh Singh Bhandari today in a press conference here said the bird flu would not spread to India as we had good facilities as far as vaccines, medicines, disinfectants and labs were concerned. He said strict measures needed to adopted at airports and border points.
— OC
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Baleno prices cut by 25,000 New Delhi, January 29 The company said the price reduction had been brought about following the customs duty reduction announced by the government recently. The price of the existing Baleno variant (VXi) has been reduced from Rs 6,55,632 and Rs 6,29,930 (ex-showroom, Delhi). The Baleno Altura’s price has also been brought down from Rs 7,03,712 to Rs 6,78,712.
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Bank of India Sahara plans UTI MF tie-up Kisan cards Pact with HCL Ajanta products Surya Roshni BoP function |
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