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| Wednesday, April 19, 2000, Chandigarh, India  
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Reliance posts 41 pc rise
in net profit Australian institute campus in
city likely PunCom expects 40 pc rise in
turnover ‘Operation IT Brains’
launched |
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4.10 lakh metric tonnes
of wheat bought HDDCF first to own website System to check pipeline leaks Airlines owe 25 crore to
Government
Reliance posts 41 pc rise in net profit MUMBAI, April 18 (UNI) — Reliance Industries registered a 41 per cent jump in net profit to Rs 2,403 crore for the fiscal year 1999-2000 as against Rs 1,704 crore of the previous year.The company sales increased by 39.5 per cent to Rs 20,301 crore from Rs 14,553 crore of the previous year, the largest in the private sector. Gross profit also increased by 43 per cent to Rs 4,746 crore as against Rs 3,318 crore of the previous year. Total exports, including deemed exports, increased by 164 per cent from Rs 685 crore to Rs 1811 crore. Networth as on March 31, 2000, was Rs 13,983 crore against Rs 12,369 crore. Total assets as on March 31, 2000, was Rs 29,369 crore as against Rs 28,156 crore. The fully diluted equity share capital stood at Rs 1,054 crore. EPS is Rs 22.4 and cash earning per share (CEPS) is Rs 34.6 on equity share capital of Rs 1,054 crore. The company board recommended that the interim dividend of 40 per cent declared earlier be treated as final dividend for the year. Reliance once again set new production records during the year, with total production volume surpassing all targets and scaling a record 8.92 million tonnes, an increase of 26 per cent over the previous year. Vashisti Detergents: Vashisti Detergents has shown a net profit of Rs 5.51 crore, during the year ended March 31, 2000, an increase of 10 per cent from the previous year. The board which met yesterday announced that the gross turnover for the year stood at Rs 225.65 crore, higher by 1.8 per cent as compared to Rs 221.60 crore reported last year. HDFC: The
HDFC will take an equity stake in debt on Net, the first
Indian B2B portal for the wholesale primary debt market,
floated by the ILFS group companies. HDFC Chairman and
Managing Director Deepak Parikh confirmed that his
company is in talk with the ILFS group firms for a stake
in the debt portal. “Details are yet to be worked
out”, Parikh told reporters after launch of debt
portal. Interestingly, HDFC is one of the major
shareholders in the ILFS group and thus, its exposure to
the expanding ILF network seems a logical extension. |
Australian
institute campus in city likely CHANDIGARH, April 18 — Global hotel industry is growing rapidly and is expected to create three million new employment and business opportunities in the next few years. This was announced here today by Ms Margaret Hess, an expert from Australia’s culinary institute Le Cordon Bleu, International Hotel Management and Regency Hotel School. She is here on a two-day visit to provide free counselling to students in hotel management, business management, computing, etc. She said the institute is considering to set up a campus in or around Chandigarh. Chandigarh is the highest on her priorities because the city offers clean and safe environment. Her institute is placing around 800 students for Sydney 2000 Olympics, including around 15 from Chandigarh and Punjab. The institute ensures placements and allows students to work during the course tenure. Mr Naresh Gulati,
Managing Director of Oceanic Consultants Private Limited,
who organised the visit of Ms Hess, said: “Oceanic
has already sent hundreds of students for higher studies
in Australia”. |
PunCom
expects 40 pc rise in turnover SAS NAGAR, April 18 — Trials of a finger print Identity censors being designed by the research and development wing of Punjab Communications Limited (PunCom) will be held by September this year. The finger print ID system is being incorporated with 64 characteristics unlike in western countries where usually 10 characteristics were used to identify the thumb impression of a person. Disclosing this here today, the Managing Director of PunCom, Mr A.S.Gill, said the finger chip ID was often used in high security areas. He said in the first step to make PunCom a smart company, a prototype based on an in-house design for smart card based attendance system was in an advanced stage of development. The technology of the smart card, barring the mounted chip, had been developed by the R and D wing of the company. The card will give controlled access to various places within the company and will manage transactions like drawl of books from library, transactions in the workers canteen, leave records and other movement details. He said despite adverse market conditions due to the MNC competition, the company was in the process of achieving a turnover of Rs 124 crore during 1999-2000 — an increase of 40 per cent over the previous year. Asked about how the company was gearing up for the Punjab Government’s plans to attract IT players to SAS Nagar’s ELTOP area, Mr Gill said the company had reserved a fully air-conditioned and furnished area of about 300, 000 sq feet area for software technology park within its factory premises. Of it about 32,000 sq ft was being presently offered. He stated that an IT concern of the Tatas had already been leased space. Besides other facilities like uninterrupted power supply, VSNL earth station link and other related facilities were available in-house, Mr Gill said. Earlier he inaugurated
an ATM facility, installed by ICICI bank on the premises
of the factory. Mr S.N.Patnaik, Vice-President of ICICI
Bank, was also present. |
‘Operation
IT Brains’ launched CHANDIGARH, April 18 — As part of its Information Technology (IT) initiatives, the Haryana Government has launched a comprehensive training programme named “Operation IT Brains” for state government officials through Hartron. The programme was inaugurated by Mr P.K. Chaudhery, Commissioner and Secretary, Electronics and IT Department at Hartron corporate office, here today. Mr Chaudhery said the Haryana Government had decided to extensively use IT in government functioning. He said 14 officers,
including Financial Commissioners and Commissioners and
Secretaries of various departments, had been enrolled for
the first batch. Hartron planned to start such courses at
Haryana Secretariat as well as at many places in the
state impart computer training to all Haryana Government
employees and employees of boards and corporations in
three years’ time. |
4.10 lakh
metric tonnes of wheat bought CHANDIGARH, April 18 — The Haryana Food and Supplies Department and other wheat procuring agencies, namely Hafed, Haryana Warehousing Corporation, Haryana Agro-Industries Corporation, Confed and Food Corporation of India, have purchased nearly 4.10 lakh metric tonnes of wheat as against the total arrival of 4.33 lakh metric tonnes till yesterday. Stating this here today, a spokesman of the department said the agencies had been directed to ensure that mandis were cleared on day-to-day basis. He said the FCI had also been asked to ensure that maximum local deliveries of wheat were taken by them at their FSD points. He said the agencies had
also been directed to make payment to the farmers within
48 to 72 hours. This year wheat arrival had been slightly
late owing to the late harvesting of the crop. This year
360 purchase centres had been set up to facilitate the
sale of wheat by the farmers as against 339 centres set
up in the previous year, he added. |
HDDCF
first to own website CHANDIGARH, April 18 — The Haryana Dairy Development Cooperative Federation (HDDCF) has become the first cooperative federation of the Cooperation Department to have its own website, www.vitaindia.com, which was launched by Mr L.M. Goyal, Financial Commissioner, Cooperation, here today. The opening page of the website shows the maps of India and Haryana with a moving strip declaring “Desan Mein Des Haryana Jit Dudh Dahi Ka Khan” (Haryana is the region where milk is an important constituent of daily fare. One can browse through pages of the website and have a glimpse of various activities undertaken by the federation. One can have information regarding the federations milk plants, milk unions and milk cooperative societies at the village level. Information regarding milk products like flavoured milk, liquid milk, ghee, butter, paneer, milk powder etc with proper chemical data is also available. National and international buyers of milk products can order and buy milk products through online purchase. The HDDCF has also
launched a computer training programme of its officers
and officials. |
System to
check pipeline leaks PANIPAT, April 18 — With the commissioning of the supervisory control and data acquisition system, the Indian Oil Corporation (IOC) will now be able to check pilferages and leaks on the 1443 km long Kandla-Bathinda pipeline. The system monitors and
keeps watch on the entire pipeline network and officials
can now shut down the entire pipeline at Panipat within
seconds of a leak alarm, according to the General
Manager, Mr Narain Prasad. |
Airlines
owe 25 crore to Government NEW DELHI, April 18 — The Minister for Civil Aviation, Mr Sharad Yadav, today told the Rajya Sabha that private airlines owed over Rs 25 crore to the Government. While pointing out that intense efforts were underway to recover the amount, the minister said that Jagson Airlines, which had stopped its operations owed Rs 18.28 crore. A court case had been filed against the airline to recover the amount and that its property had been seized. Most of the private airlines that were operating had closed down and only two airlines — Sahara and Jet Airways — were operating. Earlier in reply to the
main question raised by Mr Rajnath Singh
“Surya” (BJP), the minister said that Rs 2
crore was due from Sahara Airlines to the Airports
Authority of India. The monthly credit limit of the
private airlines had been now raised to Rs 2.25 crore. |
Computer
lab opened CHANDIGARH, April 18
— A computer lab was opened at Dr Ambedkar Institute
of Hotel Management, Catering and Nutrition, here today
by Mr Sushil Gupta, former President of the Federation of
Hotel and Restaurant Association of India. He also
planted a sapling on the premises of the institution. Mr
Navin K. Nanchahal, Principal, said Rs 6 lakh has been
spent on the computer lab. Mr Man Mohan Singh a hotelier,
highlighted the role of computers in the hospitality
industry. |
|
NEW DELHI, April 18
(PTI) — The rate of interest payable on the deposits
in the National Savings Scheme was reduced by 0.5 per
cent to 10.5 per cent to align these rates with overall
rate structure in the country, Minister of State for
Finance Balasaheb Vikhe Patil said today.Replying to
supplementaries during the Question Hour in the Rajya
Sabha, Patil said the slight revision in the rate of
interest for NSS was made in the larger interest of the
economy so as to align these rates with the overall
interest rate structure in the country. |
|
NEW DELHI, April 18
(UNI) — The government will move the Finance Bill
for consideration and passage on May three and four
discussions on demand for grants of ministries will begin
from April 25 with communications ministry. |
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