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Friday,
October 25, 2002, Chandigarh, India  
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CORPORATE NEWS
BSNL mobiles ring in HP |
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Schemes for jobless
Inspection reports on RIL sent to SEBI
Maruti tops in consumer satisfaction
Memorabilia of old films auctioned
CWC plans export train
Microsoft to launch Tablet PC in Dec
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CORPORATE NEWS
New Delhi, October 24 Total revenue fell by 4 per cent to Rs 492.8 crore from Rs 512.2 crore due to decrease in the sales of generics, the company said in a statement adding “the second quarter of the last fiscal includes revenues of Rs 172.4 crore from Fluoxetine.” Revenue in India stood at Rs 49.5 crore witnessing a marginal growth of just 3 per cent during the period under consideration while sales outside India increased by 55 per cent to Rs 124.4 crore. ITC net up 14 per cent
Riding on the back of a significant growth in its paperboard/paper packaging and agri-business, ITC Limited today announced a more than 15 per cent growth in its gross turnover to Rs 2,779 crore in the second quarter of the current fiscal. The company’s turnover during the same quarter last year was Rs 2,401.50 crore. The company also posted a net profit of Rs 362.52 crore during the period under review showing a growth of 14.1 per cent during the July-September period over the previous year’s net profit. The financial result of the company was approved by the ITC Board at its meeting here today. Colgate Palmolive
Colgate Palmolive’s net profit grew by 15 per cent at Rs 19 crore for the second quarter against Rs 15.5 crore during the previous 02. For the first half of this fiscal, net profit grew by 17 per cent to Rs 37.6 crore. Cadila net up
Zydus Cadila Healthcare today reported a rise of 16.4 per cent in the net profit at Rs 25.4 crore for the quarter ending September 30, 2002 as against Rs 21.8 crore last year. The company’s sales increased by 25.4 per cent to Rs 191.6 crore from Rs 152.8 crore in the Q2 last year, a Zydusn release said here. SKF Bearings in black
SKF Bearings India today announced a net profit of Rs 7.37 crore for the third quarter ended September 30, 2002, as against a net loss of Rs 2.76 crore in the corresponding period last year. Castrol net soars 84 per cent
Castrol India has posted a net profit of Rs 39.17 crore for the third quarter ended September 30, 2002, registering a handsome increase of 84 per cent as compared to Rs 21.30 crore in the quarter ended
September 30, 2001. Total income (net of excise) for the quarter ended September, 2002 was Rs 278.12 crore, up by 7.33 per cent from Rs 257.26 crore in the quarter ended September, 2001, the company said. JCT net jumps
JCT Limited has clocked a net profit of Rs 8.76 crore in the second quarter ended September 30, 2002 as compared to Rs 25 lakh in the corresponding period of the previous year. The company’s textile division registered an increase of 205 per cent in profit. Indian Rayon net soars
Indian Rayon’s net profit more than doubled to Rs 37.73 crore for the second quarter ending September, 2002, as compared to Rs 15.12 crore in the Q2 of previous fiscal. The Net sales during this period rose by 12 per cent to Rs 449.15 crore as against Rs 403.84 crore in the previous fiscal, Chief Financial Officer Adesh Gupta told newsmen here today. For the six month period, the company made a net profit of 111 per cent at Rs 52.81 crore (Rs 25.03 crore) while the net sales rose by 9 per cent to Rs 850.61 crore (Rs 781.15 crore). |
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Invest in Punjab: Amarinder Chandigarh, October 24 Since it can play a decisive role to check corruption and red-tapism, the state government has decided to give it a big push by developing Fatehgarh Sahib as the model IT
district, said Capt. Amarinder Singh, Chief Minister, Punjab, here today. After inaugurating the sixth national conference on e-governance, he called upon the leading IT companies to invest in the state and assured them that despite financial crunch, the state government would provide every possible support to them. He urged the Centre to provide sufficient funds to the state in the Tenth Plan for establishing a common communication and access infrastructure up to the village level and common databases for implementing citizen-centric services. About 200 delegates from state IT departments, heads of leading IT companies and officials of the Union Ministry of Communication & IT are participating in this two-day mega event. He said the state was setting up an IT park at Mohali where companies would be provided uninterrupted power supply and other facilities. Condemning the narrow-minded approach of a section of the state machinery, he said it was not ready to implement the projects of e-governance but the government was committed to give it a big push once the pilot projects were successfully implemented. The new system would enable the citizens to get all services like land records, different application forms, driving licences, payment of different bills at the single window. Earlier, Mr Y.S. Ratra, Chief Secretary, Punjab, said, “The citizen-centric e-governance services offered unlimited opportunities in cutting down the flab of bureaucracy and overcoming difficulties in accessing information.
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BSNL mobiles ring in HP Shimla, October 24 Addressing the gathering, he appreciated BSNL for taking up the challenge of private cellular service providers and coming out with cheapest mobile service covering the entire country. Officers of BSNL had proved that given a free hand, the public sector undertaking could deliver the goods. The mobile services will give a boost to tourism in the state. Earlier Mr O.P. Sikka, chief general manager, H.P. Telecom Circle, said BSNL had planned to provide 34,000 mobile connections which would cover all district headquarters and towns. The whole project costing about Rs 50 crore would be completed in two phases by March next. In the first phase 12000 mobile connections would be released in the district headquarters (except Chamba, Kalpa and Keylong) and other towns like Manali, Dalhousie and Rohru. The district headquarters of Chamba, Kalpa and Keylong will also be covered by mobile services within next six months.
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Schemes for jobless Ferozepore, October 24 Mr Gian Singh Bal, Additional Deputy Commissioner (Development) of Ferozepore district, disclosed this here today, addressing a meeting of representatives of all banks and other government agencies. The loans up to Rs 10 lakh could be availed on a subsidy of 25 per cent to set up the cottage units at the village level. “Apart from this, the unemployed youth and artisans belonging to the SC, the ST, the BC, physically disabled, ex-servicemen, minorities and the residents of border areas will be provided a subsidy of 30 per cent under the schemes”, said Mr Bal.
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Inspection reports on RIL sent to SEBI
New Delhi, October 24 “SEBI had requested relevant information once we completed investigation into the Reliance case and we have sent these reports to the market watchdog,” DCA Secretary V.K. Dhall told reporters here. During its investigation, the DCA had found that Reliance Petroleum violated the Companies Act by not circulating information about dealings in shares of Reliance Industries and another group company in its balance sheet for 1994-95. The inspection of the books of accounts, ordered by the DCA in September last year, concluded that “the company (RPL) has thus violated provisions of Section 211 read with Schedule VI of the Act. No information relating to dealing in shares of RIL and RPL was furnished in the balance sheet circulated among the shareholders.” In its submission to the DCA inspection, Reliance Petroleum admitted that “unfortunately, however, a printing error had crept in resulting in omission of one line at the end of Page No 13 in the printed accounts... This omission is sought to be blown out of proportion by the complainant to say that the company circulated two sets of balance sheets for the year ended March 31, 1995.” Following complaints from BSP MP Rashid Alvi that RPL had violated the Act and diverted public money (about Rs 1,000 crore) for speculative activities, the DCA ordered full-fledged inspection of RPL and limited inspection of five other group companies including RIL on top priority basis.
PTI
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Maruti tops in consumer satisfaction
New Delhi, October 24 The annual study, now in its sixth year, identifies five factors that measure customer satisfaction with the dealership service in India. In order of importance, these are — problems experienced, service adviser, service performance, service timing and facility appearance. The study is based on evaluation from 3,181 owners of personal-use vehicles surveyed at 12 to 18 months of service ownership. Maruti got 124 points followed by Hyundai 118, Mitsubishi 116, Honda Siel 115, Toyota Kirloskar 112, Daewoo 110, Ford 109, General Motors 107, Telco 104, Mahindra 104 and Fiat 97.
UNI
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Memorabilia of old films auctioned
New Delhi, October 24 Though most of the collection including posters, synopsis, booklets, handbills, stills and showcards were auctioned between Rs 5,000 and Rs 55,000, stills from Dada Saheb Phalke’s ‘Raja Harishchandra’, India’s first full length Hindi feature film, went for Rs 1,60,000. Memorabilia from Mughal-e-Azam was auctioned for Rs 50,000, those for Mother India went for Rs 40,000 and Mera Saaya for Rs 55,000, while Devdas fetched only Rs 12,000. The later films that went under the hammer at the auction organised by Bowrings Fine Art Auctioneers included Muzaffar Ali’s ‘Umrao Jaan’, Satyajit Ray’s first Hindi film ‘Shatranj Ke Khiladi’, Ramesh Sippy’s ‘Sholay’.
PTI
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CWC plans export train Chandigarh, October 24 Mr K.C.Tyagi, Chairman of the CWC told mediapersons here today that the proposed train, consisting of containers, would be operated in alliance with the
Railways. The proposal had already been sent to the Railway authorities. The CWC also planned to construct four state-of-the-art silos for storing foodgrains in Punjab and Haryana. Four sites had been selected for this purpose in Moga and Barnala in Punjab and Kaithal and Sirsa in Haryana.
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Joshi Autozone Union Bank net up Punjab Tourism Electrolux Typhoid vaccine Tax collection up PNB Gilts profit Modicare plans Exide meeting Selloff report |
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