ICI
Q2 net down 65%
Mumbai: ICI India has reported a net profit of
Rs 6.8 crore for the quarter ended September 30, 2003
as against Rs 19.75 crore in SQ02. Total income increased
1% from Rs 177.9 crore in SQ-02 to Rs 180 crore in the
quarter ended September 30, 2003, a release issued to
the BSE stated.
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Aurbindo
Pharma Q2 net up 56.8%
Mumbai: Aurobindo Pharma has reported a 56.8% increase
in net profit at Rs 32.15 crore for the quarter ended
September 30, 2003 as against Rs 20.5 crore in SQ02.
According
to the release issued to the BSE today, the total income
increased 14.7% from Rs 308.3 crore in SQ-02 to Rs 353.7
crore in the quarter ended September 30, 2003.
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Idea
achieves financial closure
Mumbai: Idea Cellular, the equal three-way venture
between the A V Birla group, the Tata group and AT&T
Wireless, has achieved financial closure of Rs 5,000 crore.
It is understood to be the largest ever in Indian telecom
history.
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Tata
Motors plans major overseas foray
Mumbai: Tata Motors is planning a major international
business strategy which entails acquisitions and joint
ventures with other auto companies.
After
studying opportunities in 60-odd countries, the company
has zeroed in on a dozen countries and select segments
where it perceives potential.
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Tata
Steel Q2 net profit doubles
Mumbai: Tata Steel has ended the second quarter
of 2003-04 with a 101 per cent increase in net profit
at Rs 403.10 crore against Rs 200.66 crore in the year-ago
period.
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Hind
Lever posts higher Q3 net
Mumbai: Hindustan Lever Ltd has ended the third
quarter with a 2.9 per cent decline in its net profit
(before exceptional items) at Rs 408.15 crore (Rs 420.13
crore) mainly on account of an interest outgo of Rs 29.96
crore on bonus debentures allotted to shareholders this
year.
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Saint-Gobain
to invest additional Rs 500 crore in TN
Chennai: Saint Gobain Glass, the French multinational,
will invest another Rs 500 crore in Tamil Nadu. The company
on Thursday signed an expression of commitment with the
State Government for this investment.
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WelcomHeritage
announces entry into S. India
New Delhi: WelcomHeritage on Thursday announced
its entry into South India. The chain has signed a franchise
and management agreement with the Maharaja of Mysore,
Mr Srikanta Wadiyar, for three properties, two in Mysore
and one in Ooty.
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TV
Today files Red Herring IPO prospectus
New Delhi: TV Today Network, the owner of the news
channels, Aaj Tak and Headlines Today has filed a Draft
Red Herring prospectus with the Securities and Exchange
Board of India for its proposed initial public offer of
equity shares to be sold through the 100 per cent book-building
route, a press release stated.
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Fischer
Chemical gets German quality certification
Chennai: Fischer Chemical has had the quality of
its manufacturing process certified by a German company
to boost its recently started export of speciality chemicals.
Specialty chemicals are exported to companies
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3Com
aggressive on India; targets enterprise segment
Bangalore: NETWORKING solutions provider
3Com, as part of its renewed focus on the Indian market,
is aggressively targeting the enterprise customers.
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Satyam
inks deal with AIG Tech
Hyderabad: Satyam Computer Services Ltd has announced
that it has signed a multi-year agreement with American
International Technology Enterprises Inc, which does business
as AIG Technologies, and is a member company of American
International Group Inc
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Sail
Q2 nets Rs 505 crore
Kolkata: Steel Authority of India posted a net
profit of Rs 505.2 crore for July-September '03 against
a net loss of Rs 158.4 crore in the corresponding quarter
of the previous year
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