Online edition of India's National Newspaper
Friday, January 30, 2004
Reliance Q3 net up 27 p.c. at Rs. 1,374 cr.
MUMBAI, JAN. 29.Reliance Industries Ltd. has announced a net profit of Rs. 1,374 crores in the quarter ended December 31, 2003 against Rs. 1,083 crores in the same period last year. The gross turnover was at Rs. 18,864 crores (Rs. 15,600 crores). ...
Rs. 30,000 cr. cash flow targeted in three years
MUMBAI, JAN. 29.The Reliance group will achieve a cash flow of over Rs. 30,000 crores in three years, with Rs. 10,000 crore cash flow annually. The areas of growth where these will be used will include upstream oil and gas, marketing of ...
SAIL nets Rs. 1,498 cr. profit in three quarters
NEW DELHI, JAN. 29.With Rs. 738 crores net profit in the third quarter of the current fiscal, the Steel Authority of India Limited (SAIL) has posted a record net profit of Rs. 1,498 crores in the first nine months of 2003-04. This level of profit ...
Maruti cuts Baleno price
NEW DELHI, JAN. 29. Maruti Udyog today launched a variant of premium mid-size sedan Baleno and simultaneously announced a price cut of Rs. 25,000 on its existing versions. The new version called Baleno Lxi has been priced at Rs. 5.60 lakhs ...
Oracle signs MoU with Elcot
CHENNAI: Oracle India Private Limited on Thursday signed a memorandum of understanding with the Electronics Corporation of Tamil Nadu Limited (Elcot) to facilitate electronic execution of varied state government works. Vivek Harinarain, ...
HealthScribe buys back stake
BANGALORE: HealthScribe Inc., Virginia, a U.S. based medical transcription company, had bought back some 65 per cent equity in Max HealthScribe from Max India for $10.3 million, company officials said here on Thursday. HealthScribe had sold the ...
South Indian Bank net up
KOCHI: The Thrissur-based South Indian Bank has recorded a net profit of Rs. 64.80 crores for the nine months ended December 31, 2003 against Rs. 54.70 crores, a growth of 18.5 per cent. The bank Chairman, A. Sethumadhavan, said the operating ...
P&G to stop Vicks exports
MUMBAI, JAN. 29.Procter & Gamble Hygiene and Health Care today said it will stop exporting Vicks VapoRub (VVR) to Asian countries with effect from February 1. India would continue to be the supplying hub of VVR for Procter & Gamble ...
HDFC Bank opens second branch
COIMBATORE: C. S. Gopinath, Regional Business Manager (South), HDFC Bank, inaugurated the second branch of the bank at R. S. Puram, Coimbatore, on Saturday. With this the total number of HDFC Bank branches in Tamil Nadu goes up to 18. The bank ...
Mangalore Chem Q3 income up
MANGALORE: Mangalore Chemicals and Fertilizers has reported a 37 per cent rise in sales and net profit in the third quarter of 2003-04 in spite of the poor rabi season in South India. A release from S. Kannan, company secretary here on Thursday ...
SBT to market non-life insurance products
THIRUVANANTHAPURAM: State Bank of Travancore has joined hands with United India Insurance Company to market the latter's non-life products through its branches. Amitabha Guha, Managing Director, State Bank of Travancore, and V. Jagannathan, CMD, ...
Forward group forms JV
CHENNAI, JAN. 29.The Rs. 120 crore Chennai-based Forward group, a leading leather manufacturer and exporter specialising in finished leather, shoe uppers and full shoes, has entered into a joint venture with an Italian tannery, Conceria Virginia, ...
COIMBATORE: An ATM 24-hours Cash Point of Canara Bank has been installed at the Oppanakara Street Branch premises of the bank here. It was recently inaugurated by District Collector, N. Muruganandam. According to a release, this is the fourth ATM ...
Covansys signs pact with SAS Institute
BANGALORE: Covansys Corporation, a global consulting and technology services provider, has signed an agreement with SAS Institute India Pvt. Ltd. (SAS) to licence its software at its Analytic Centre of Excellence in Chennai. This centre would be ...
Gramin Bank meets NGOs, SHG members
MALAPPURAM: As many as 50 representatives of NGOs and self help groups participated in a meeting organised by the loan cell of the South Malabar Gramin Bank (SMGB) here recently. The objective was to discuss the various problems faced by NGOs and ...
COIMBATORE: A two-day loan mela was jointly organised by the Thennampalayam, Veerapandi and Tirupur Bazaar branches of the State Bank of India at the Thennampalayam Branch, Tirupur on January 25 and 26. According to a release, 61 enquiries were ...
UTI Bank branch in Udupi
MANGALORE: UTI Bank has stepped in temple town of Udupi on Thursday with its Executive Director, S. Chatterjee inaugurating the bank's branch at the Simaz Commercial Complex near Diana Circle. A release from L. J. Fonseca, Senior Vice-President, ...
Karvy to start PCG services
CHENNAI: Karvy group of companies is planning to start private clientele group (PCG) services in Chennai. Seeing the market trends and optimism of investors, it was the right time for the group to enter into the segment in the southern ...
Acer targets 7 per cent storage market
BANGALORE: Computer maker Acer would aim to sell about Rs. 40 crore worth of `storage solutions' in India, which would give it a 7 per cent market share in the country, company officials said here on Thursday. Acer was now introducing its ...
Premier instruments to issue 1:2 bonus
CHENNAI: Premier Instruments And Controls has informed the National Stock Exchange that the directors have decided to sub divide the face value of equity shares of the company from Rs. 10 per share to Re. 1 per share. The directors have also ...
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