Indo Rama recommends 15 per cent dividend
New Delhi: Indo Rama Textiles Ltd has reported a net profit of Rs 9.25 crore for the year ended March 31, 2004, compared with Rs 7.86 crore in the same period last year. Gross turnover stood at Rs 373.73 crore (Rs 330.04 crore).
A company statement said the board of directors has recommended a dividend of 15 per cent for 2003-04.
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Toyota awards its suppliers
Bangalore: At the Toyota annual suppliers meet, Aisin NTTF (P) Ltd has won the gold 'supplier of the year' award from Toyota Kirloskar Motors and Toyota Kirloskar Auto Parts for its overall performance in the year 2003-04, while Delphi Automotive System (P) Ltd won the Silver 'Supplier of the year' award.
Awards for Best Quality, Best Cost, On Time Delivery and Most Improved Quality supplier for 2003-04 were also awarded
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Century Ply gets ISO 14001 certificate from DNV
Kolkata: Century Plyboards (I) Ltd has received the ISO 14001 certification from Det Norske Veritas (DNV), a certifying company accredited to UKAS Environmental Management, according to a company press release.
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Higher volumes for Carrier this Q1
New Delhi: Carrier India, the subsidiary of Carrier Corporation, a major manufacturer of heating, air-conditioning and refrigeration systems and equipments, has announced strong results for 2003 and for the first quarter of 2004. The company had grown its volumes by 15 per cent in 2003 and has stepped up its performance by notching a 26 per cent rise in the first quarter of 2004. The company has recorded sales of 48,300 air-conditioners during the first quarter against 38,400 units in 2003.
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Bharti deploys MPLS
New Delhi: Bharti Infotel Ltd, which provides fixed line, long distance, data and corporate solutions, has announced that it has deployed an IP-based Multi Protocol Label Switching (MPLS) backbone solution, which helps in providing several revenue generating services such as bandwidth on demand, managed services and intelligent routing of voice, data and other traffic.
This Internet Protocol-based MPLS backbone network solution has been sourced from Cisco. MPLS-powered networks offer advantages like point-to-multipoint connectivity using one single link from customer premises to Bharti's network. Bharti has reportedly invested about Rs 15 crore on MPLS and is offering these services to enterprises and banks.
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Pentamedia told to hold shareholders' meet
Chennai: The Madras High Court has directed Pentamedia Graphics to seek the approval of its shareholders for a scheme of amalgamation between the company, Media Dreams Ltd, Kris Srikkanth Sports Entertainment Ltd, Intelvision Ltd and Mayajaal Entertainment Ltd.

According to a release by Pentamedia, the amalgamation will help the company focus on the entertainment business and to become a pure content creator and distributor, and also to meet growing competition from domestic and global markets.
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Valtech heads for Bangalore
Bangalore: Valtech, a global IT consulting group based in France, has announced the launch of its first offshore development facility in Bangalore. The French company has been operating in India with local partners to deliver its advanced technology solutions. The offshore development centre in Bangalore will have staff strength of 100.

The $100-million company uses a unique software delivery process based on the agile and unified process (UP) methodologies, to provide flexible delivery solutions to its customers through various stages of the product cycle.
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Ikanos to focus on Indian markets
Bangalore: Ikanos Solutions has announced the opening of its India development centre at Bangalore. The company will focus on the Indian market with its range of fibre extension technologies.
The company said that it was in talks with the major Indian telecom service providers and equipment manufacturers about its programmable chipsets that will enable carriers to deliver 100 mbps to the consumer over the existing copper cable itself, at a fraction of the cost of fibre-connectivity. According to the company this will bring down costs by a 100-1,000 times compared to connecting with fibre. There are expected to be 251 million broadband subscriptions across the world by 2005.
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BPCL gets Karthikeyan for Speed
Mumbai: Bharat Petroleum Corporation Ltd (BPCL) has announced that Formula Asia champion Narain Karthikeyan will be the brand ambassador for its Speed brand of petrol. In June 2002 Bharat Petroleum introduced Speed as the first branded fuel in the country. Meant for motor gasoline vehicles, Speed contains multi-functional fuel additives which are claimed to remove and prevent formation of harmful deposits thereby improving vehicle performance. Speed has a 65 per cent market share and is currently sold in 45 cities and 1,000 retail outlets.
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Novo Nordisk gets Lucky
Bangalore: Singer-actor Lucky Ali will join the insulin major Novo Nordisk in its awareness drive against diabetes. Ali said he would interact with the underprivileged and tell them about the disease and how to prevent or treat it. About 33 million people are afflicted with the disease in India.
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