ONGC net spurts 84 per cent, to pay 170 per cent interim dividend
New Delhi: Oil & Natural Gas Corporation (ONGC) has registered an 84 per cent jump in net profit to Rs 2,593 crore on a 35 per cent rise in turnover to Rs 7,588 crore for the third quarter ended December 31, ’02, over the corresponding year-ago period.
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Birla Copper, Sterlite Inds accorded LME registration
New Delhi: In a move that will boost copper exports, the two big companies in this sector, Birla Copper and Sterlite Industries, have been accorded LME (London Metal Exchange) registration. Both companies’ copper cathodes have been approved as Grade-A copper brands by the exchange.
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Aptech resorts to job cuts prior to merger with SSI
Mumbai: The Mumbai-based IT training company, Aptech Training, has started downsizing its workforce ahead of its proposed merger with SSI. The merger is slated to go through next week, after the Chennai-based SSI announces its financial results for the quarter ended December.
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Colgate-Palmolive net up 33 per cent
Mumbai: Oral care major Colgate-Palmolive (India) Ltd on Friday announced a 32.7 per cent increase in net profit to Rs 21.1 crore in the third quarter ended December 31, 2002, as compared to Rs 15.9 crore in the corresponding quarter last year.
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Raymond net rises 5.5 per cent
Mumbai: Raymond Ltd has posted a net profit of Rs 57.8 crore for the quarter ended December 31, 2002, an increase of 5.5 per cent from Rs 54.8 crore in the corresponding quarter last year.
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P&G clocks 5 per cent rise in net at Rs 32.04 crore
Mumbai: Procter & Gamble Hygiene and Health Care on Friday announced a five per cent increase in net profit to Rs 32.04 crore for the second quarter ended December 31, 2002, as compared to Rs 30.62 crore in the corresponding quarter of the previous year.
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Balaji Tele’s Q3 net zooms 105 per cent
Mumbai: Balaji Telefilms’ net profit has jumped 105.3 per cent to Rs 17.4 crore in the third quarter ended December 31, 2002, compared with Rs 8.5 crore a year ago.
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TVS-Electronics net dips
Chennai: TVS-Electronics has reported a reduced net profit of Rs 45 lakh on a turnover of Rs 56.16 crore for the fourth quarter ended December 31, 2002, as against a net profit of Rs 1.23 crore on a turnover of Rs 52.67 crore during the corresponding period last year.
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HPCL Q3 profit zooms
New Delhi: Higher refinery and marketing margins combined with subsidy income and a lower profit base last year has pushed Hindustan Petroleum Corporation Ltd's third quarter net profit up to Rs 330.62 crore (Rs 60.8 crore).
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Bharat Electronics Q3 net up 106 per cent
Bangalore: Bharat Electronics has posted a net profit of Rs 53.1 crore for the quarter ended December 31, 2002. This marks a growth of 106 per cent over Rs 25.75 crore posted during the same quarter of 2001.
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SSI net plunges to Rs 16 lakh
Chennai: SSI Ltd has reported a reduced net profit of Rs 15.98 lakh on a revenue of Rs 58.51 crore for the quarter ended December 31, 2002 as against a net profit of Rs 1.73 crore on a revenue of Rs 66.07 crore during the corresponding period last year.
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Aurobindo sales, net up in Q3
Hyderabad: Auronindo Pharma Ltd (APL), a Hyderabad-based Rs 1,052-crore pharmaceutical company, has registered a marginal growth of 5.7 per cent in turnover and 5.22 per cent in the net profit for the third quarter of the current fiscal year ended December 31, 2001
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Hind Sanitaryware board defers demerger
New Delhi: The board of directors of Rs 215-crore Hindustan Sanitaryware & Industries Ltd (HSIL) has formally decided to "defer" the demerger of the company's Rs 100-crore glass container division into a separate entity.
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Titan staff give strike notice
Bangalore: The unionised staff of Titan Industries Ltd, the country's largest watchmaker, has given a notice of strike to commence from February 14.
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Rolls-Royce India to tie up with HAL
New Delhi: Rolls-Royce India is to announce a tie-up with Hindustan Aeronautical Ltd (HAL) at the Aero India Air Show that gets underway in Bangalore from February 5.
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