Reliance Q3 net profit up 27 per cent
Mumbai: Reliance Industries registered a 27 per cent rise in net profit for the third quarter ended December 31, 2003.

The net profit rose to Rs 1,374 crore against Rs 1,083 crore previously or earnings of Rs 9.8 per share compared to Rs 7.7 per share. Net sales jumped 14 per cent to Rs 12,500 crore (Rs 10,973 crore), while other income fell to Rs 223 crore (Rs 270 crore).
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SAIL posts record profit of Rs 1,498 crore for nine months
New Delhi: Steel Authority of India Ltd posted a record net profit of Rs 1,498 crore on a turnover of Rs 16,934 crore in the first nine months of the current financial year.
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Nicholas Piramal to set up subsidiary in US
Mumbai: In order to increase its brand equity in the world's largest pharma market, Nicholas Piramal India Ltd (NPIL) will be setting up a subsidiary in the US.
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Liberty to set up new facility near Dehradun
Mumbai: Liberty Shoes Ltd is setting up a new manufacturing facility near Dehradun to augment capacity to cash in on the growing footwear market.
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Indal to invest Rs 700 crore in Hirakud, Kerala smelters
Kolkata: Indal Ltd has lined up investments worth Rs700 crore for the next two years for its smelters at Hirakud and Kerala, according to Mr S.K. Tamotia, President and CEO.
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Metropolis to set up labs in every State
Hyderabad: Metropolis Health Services Ltd, a diagnostic laboratory chain, plans to set up one major laboratory in every State that will be connected to regional labs in different parts of each State.
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BSNL introduces international roaming
New Delhi: Bharat Sanchar Nigam Limited has launched international roaming on its cellphone services.
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Ajanta projects Rs 120-crore turnover in FMCG
New Delhi: The Rs 80-crore Ajanta India Ltd, the FMCG arm of the Rs 300-crore Ajanta Quartz group, has projected a sales turnover of Rs 120 crore this fiscal.
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Acer diversifies into enterprise storage
Bangalore: Acer India Pvt Ltd yesterday announced its foray into the enterprise storage market with Acer Storage Centre, its storage networking infrastructure solution. The company expects to grab a seven per cent market share in the estimated Rs 650-crore market by end-2004.
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HCL Q2net up 13 per cent
New Delhi: HCL Technologies, on Thursday said its net profit for the second quarter rose 13 per cent year-on-year to Rs 91 crore on higher revenues and more clients.

Gross revenues of the company in the second quarter ended December 2003, stood at Rs 622.3 crore, up by 33 per cent from Rs 467.9 crore in the same quarter a year back.
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MRO-TEK Q3net up 73 per cent
Bangalore: MRO-TEK has reported a 73-per cent increase in its net profit for the three-month-ended December 2003.

The net profit for the quarter under review stood at Rs 2.77 crore on total revenues of Rs 26.17 crore as against a net profit of Rs 1.60 crore on revenues of Rs 25.60 crore in the corresponding period last year.
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Xerox to introduce out 20 new products
New Delhi: Xerox Corporation, manufacturer of copiers and printers, has said it expects business in the country to grow significantly this year as it plans to introduce more products and strengthen marketing operations.
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Dabur India Q3 net up 47.4 per cent
New Delhi: Dabur India has reported a rise of 47.4 per cent in net profit to Rs 29.81 crore in third quarter ending December 31, 2003 from Rs 20.23 crore in corresponding period previous year.
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