Indian companies sweep Golden Peacock awards
London: Indian companies have won five of the seven Golden Peacock Awards instituted by World Council for Corporate Governance for their outstanding performance.

Announcing the awards, Robert Hiscox, Director, Communications, of World Council for Corporate Governance said the seven companies were chosen from out of 225 companies nominated.

Pritish Nandy Communications PTV, the first publicly traded motion picture company in India, received the award in the category of emerging economy in the private sector, while Oil and Natural Gas Company (ONGC), was selected for the award for its stellar role in the public sector in India. The National Thermal Power Corporation (NTPC) also received the award in the emerging economy in public sector.

Indian Tobacco Company (ITC) and LIC were chosen for the Golden Peacock awards in the category of corporate social responsibility.

Ola Ullsten, former Prime Minister of Sweden and Chairman of the World Council for Corporate Governance and Madhav Mehra, President of World Council for Corporate Governance jointly presented the awards to the winners here last night.
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Health card from Air India for Mumbai-Doha passengers
Dubai: Air India passengers flying from the Qatari capital of Doha to Mumbai can get a free family health card from the Apollo Clinic under a scheme to promote the airline's third weekly service to India's financial capital starting from June 7.

The free Family Health Edge card is available to any adult passenger buying a return ticket in Doha and travelling on AI876 on Tuesdays to Mumbai or beyond between June 7 and July 26.
The health card has to be obtained before September 30 by submitting the ticket and boarding pass to the clinic.

The health card with one-year validity, which otherwise costs QR 200, entitles the holder and family members up to five free consultations in addition to discounts on all laboratory tests, diagnostic procedures and health checks.
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Windshield Experts in tie up with Reliance Insurance
New Delhi: Car glass repair and replacement company Windshield Experts has said that it has tied up with Reliance Insurance to manage all automotive claims for their policyholders.
As per the tie-up, any Reliance policyholder can get his automotive glass repaired or replaced in a cashless transaction, the company said in a statement here.

Windshield Experts, which started operations in June 2000, has 26 branches across Delhi, Mumbai, Chennai and Kolkata, apart from cities such as Bangalore, Indore, Pune, Surat and Ahmedabad.
Back to News Review index page   Corporate Results: JSPL
JSPL FY05 net jumps 69 per cent
New Delhi: Jindal Steel & Power Ltd (JSPL) has reported a 69 per cent rise in net profit at Rs515.70 crore in 2004-05 compared to Rs305.46 crore in previous fiscal. The company has also declared a dividend of 200 per cent for its shareholders.

Net sales increased 78.6 per cent to Rs2,253.60 crore for the year ended March 31, 2005, up from Rs1261.62 crore in 2003-04, the company said in a release.

The Board of Directors of the Company has recommended a final dividend of 200 per cent or Rs10 per equity share of Rs5 each on 3.07 crore equity shares. This is in addition to the 100 per cent dividend declared by the company in October 2004.

For the fourth quarter, the company posted a 26 per cent jump in net profit to Rs146.70 crore as against Rs116.73 crore in the year ago quarter. Net sales in the January-March quarter increased 45 per cent to Rs628.62 crore from Rs 433.33 crore in the corresponding period previous fiscal.
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