Dr Reddys net profit rises to Rs 460 crore
Hyderabad: Dr Reddys Laboratories has posted a turnover of Rs 1,651.6 crore and a net profit of Rs 459.6 crore for the year ended 31 March 2002. While the companys turnover increased by over 64 per cent, its net profit grew by over 218 per cent.
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Mukesh Ambani to head IPCL
Mumbai: Speculation on IPCL chairmanship was put to an end after Reliance Industries announced that Mukesh Ambani will head the newly acquired company. The IPCL board will have a total 12 directors.
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ICICI Bank may not sell assets in this fiscal
Mumbai: The newly merged entity of ICICI Bank, which had earlier announced a definite plan for asset sales to expand its business without much capital requirement, may not go for it in a large scale during the current fiscal.
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BoB net profit doubles in 2001-02
Mumbai: Bank of Baroda has registered nearly a 100 per cent increase in its net profit during the year 2001-02. It has also declared a 40-per cent dividend.
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Dena Bank clocks Rs 11.36-crore net profit
Mumbai: The state-run Dena Bank has turned around in the last quarter of 2001-02 and posted a net profit of Rs 11.36 crore for the fiscal ended March 2002 against a loss of Rs 266.12 crore the previous year.
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USFDA approves Ranbaxy drug for infections
Hyderabad: Ranbaxy Pharmaceuticals has announced that it has received final approval from the US Food and Drug Administration to manufacture and market Cefpodoxime Proxetil for oral suspension that will be made available in three sizes.
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BHEL to market controlled shunt reactor
New Delhi: Bharat Heavy Electricals Ltd has decided to aggressively market its controlled shunt reactor, says S Balagurunathan, general manager in charge of the corporate research and development division.
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Gujarat Guardian plans laminated glass
Ahmedabad: Gujarat Guardian Ltd, which is one of the largest manufacturers of float glass in India, is planning an entry into manufacturing of laminated glass, a highly specialised area.
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Indo Rama Synthetics increases prices
Mumbai: The polyester manufacturer Indo Rama Synthetics has once again increased the prices across its entire product range. This is in light of polyester prices continuing to rise, with domestic companies riding the recent surge in global petrochemical prices.
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Matsushita to buy out Videocon in JV
New Delhi: Matsushita, the Japanese company, will be buying out the balance 10 per cent held by Videocon through Dhoot Trading Agencies Ltd for a consideration of Rs 10.50 crore.
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Danish pharma company sets up subsidiary
New Delhi: Danish pharma major H Lundbeck A/S has set up its 100-per cent subsidiary in India. The Copenhagen-based Lundbeck is one of Europes major research-based pharma companies manufacturing drugs to treat central nervous system diseases.
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BPL in JV with Fedders-Voltas for ACs
Mumbai: BPL has entered into a joint venture with US-based Fedders Corporation and Voltas Ltd to manufacture air-conditioners.
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BIFR seeks clarification from govt on NJMC revival
New Delhi: The Board for Industrial and Financial Reconstruction, keeping in abeyance its final decision of winding up National Jute Manufacturers Corporation Ltd, has sought certain clarifications from the government.
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Tajima hopes to benefit from India
New Delhi: The Tajima group, manufacturer of embroidery machines, hopes to garner at least 25 per cent of its global revenues from India in the next four to five years. India currently accounts for nearly 10 per cent of the groups total global revenues.
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Max Ateev plans foray into Asia-Pacific, US
New Delhi: Max Ateev Ltd, the wholly-owned IT subsidiary of Max India, is strengthening the operations of its knowledge management practice in India, even while exploring the possibilities of expanding into the Asia-Pacific and the US markets.
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SAIL domestic sales up 36% in April-May
New Delhi: Steel Authority of India Ltd has sold a record 1.42 million tonnes of steel products in the domestic market during April-May 2002 - a growth of 36 per cent over the same period in the previous year.
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Eco-friendly radials from JK Industries
New Delhi: On the eve of World Environment Day, JK Industries Ltd has launched a range of eco-friendly radial tyres for the passenger cars market.
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Govt may allow NTPC, PFC to tap overseas funds
New Delhi: The central government may allow National Thermal Power Corporation, PowerGrid Corp, National Hydro Power Corp and Power Finance Corp to raise money abroad to fund future projects.
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