DRL Q3 net dips 42 per cent
Hyderabad: Vindicating market fears, Dr Reddy’s Laboratories Ltd on Tuesday reported a 42.32 per cent fall in the net profit to Rs 93.16 crore for the third quarter ended December 31, 2002 as against a net profit of Rs 161.53 crore during the same period of previous year.
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Indian Rayon quarterly net up at Rs 40 crore
Mumbai: Indian Rayon and Industries Ltd has posted a net profit of Rs 40.08 crore for the quarter ended December 31, 2002 higher than the net profit of Rs 3.63 crore in the same quarter last year.
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Apollo net zooms 327 per cent to Rs 25.5 cr
New Delhi: Apollo Tyres Ltd made a turnover of Rs 514.48 crore during the quarter ended December 31, 2002, registering an increase of 32 per cent over Rs 390.02 crore made in the same period of 2001.
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DaimlerChrysler plans overhaul for its vehicles
New Delhi: A facelift for the S-Class -- complete with new engine, changed interiors and exteriors, new diesel engines for the E-Class and a 10 to 15 per cent growth in the topline
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Investment firms, Reliance & Karur Vysya
Mumbai: Investment companies, believed to be linked to the Reliance Group, have picked up 3.3 per cent equity stake in Karur Vysya Bank.
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Tatas plan to hike stake in Hughes Tele hits a wall
Mumbai: Tata Teleservices' proposal to acquire further stake in Hughes Telecom has run into rough weather as the Tatas plan to transfer redeemable preference shares (in lieu of shares of Hughes Tele) to Hughes Electronics has attracted the sectoral cap.
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Court order to RIL official
New Delhi: Taking exception to Reliance Group president V Balasubramaniam's failure to appear before it in an Official Secrets Act case, a Delhi court on Tuesday asked him to remain present during the proceedings on January 31.
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Liberal air traffic rights in the offing
New Delhi: Following severe criticism about “gifting away” of bilateral air traffic rights, the government has set up a group of ministers (GoM) to look into the sensitive issue that involves availability of seats for passengers and the future of national carriers Air-India and Indian Airlines.
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Daimler sales dip 9 per cent on change in product mix
New Delhi: Luxury car maker DaimlerChrysler India (DCIL) has reported a 4% drop in turnover despite a 9 per cent drop in ‘02 sales. Company officials attributed this to the change in product mix, with imports of completely built up units (CBUs) giving it better margins.
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Mikuni Corpn shifting part of R&D to Chennai - Ucal Fuel to take care of the work for a fee
New Delhi: Mikuni Corporation, the Japanese collaborator of Ucal Fuel Systems Ltd, will shift a part of its R&D activities to Chennai.
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CPCL net falls to Rs 32.38 cr in Q3
Chennai: Chennai Petroleum Corporation Ltd (CPCL) has reported a net profit of Rs 32.38 crore for the quarter ended December 2002, which is lower than Rs 34.95 crore achieved in the corresponding quarter of last year.
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JB Chem records Rs 11.43-cr profit
New delhi: JB Chemicals & Pharmaceuticals Ltd has registered a 13 per cent increase in net profit at Rs 11.43 crore in the quarter ended December 31, 2002 against Rs 10.04 crore in the corresponding period last year.
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Sundaram Brake Q3 net up at Rs 2.3 cr
Chennai: Sundaram Brake Linings Ltd has reported a net profit of Rs 2.29 crore for the third quarter ended December 2002, up 26 per cent over Rs 1.81 crore achieved in the corresponding quarter of last year.
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Zee net up on higher income
Mumbai: Zee Telefilms Ltd (ZTL) has posted a net profit of Rs 22.19 crore for the quarter ended December 31, 2002 as compared to Rs 23.91 crore in the year-ago quarter.
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Sustained sales growth boosts Eicher net 78 pc
New Delhi: Eicher Motors Ltd's (EML) net profit has increased by 78.5 per cent to Rs 10.48 crore during the third quarter of the current fiscal from Rs 5.87 crore in the corresponding period last year.
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Ipca Labs net zooms 115 pc
Mumbai: Buoyed by rising export figures, the Mumbai-based Ipca Laboratories has registered a 115 per cent increase in net profit at Rs 15.94 crore in the third quarter ended December 31, 2002 as against Rs 7.4 crore in the corresponding previous year.
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Market recovery helps SAIL post Rs 215-cr cash profit
Kolkata: Steel Authority of India has recorded a cash profit of Rs 215 crore for the third quarter ended December 2002, as against a cash loss of Rs 297 crore during the corresponding period in the previous financial year.
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Regency Ceramics net down
Hyderabad: Regency Ceramics Ltd (RCL) the Rs 135-crore ceramics manufacturer, has registered a growth in sales turnover and a decline in net profit for the third quarter of the current fiscal ended December 31, 2002.
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Voltas records Rs 2.85-cr net
Mumbai: Voltas Ltd, a Tata Enterprise,yesterday posted a net profit of Rs 2.85 crore for the third quarter ended December 31, 2002 compared to Rs 4 lakh, during the corresponding period last year.
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Reliance to review power projects - May merge Reliance Power with BSES
Mumbai: Reliance Industries Ltd is reviewing all its independent power projects, following two recent developments - the company getting control of BSES Ltd, the Mumbai-based power utility, and discovery of major gas find by Reliance.
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Emerson plans centre in Pune
Mumbai: Emerson Electric Co is establishing a new engineering centre in Pune, Emerson Design and Engineering Centre, for product design and software development, to meet the growing demand in the domestic as also the global markets.
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ADC India to start BPO operations
New Delhi: ADC (India) Communications & Infotech Pvt Ltd, the wholly-owned subsidiary of broadband company ADC Telecom, is expanding its India operations by foraying into back-office processing (BPO).
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Pawan Hans plans to extend tie-up with Titan Aviation
Mumbai: Despite the initial hiccups, the State-owned Pawan Hans Helicopters Ltd (PHHL) plans to extend its tie-up with the South Africa-based Titan Aviation.
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