Business Line articles from February 2001, page 29

Business Line archives from February 2001

India: DCM Shriram.
February 1, 2001... NEW DELHI: DCM Shriram Consolidated Ltd's (DSCL) net profit for the third quarter has gone up by 26 per cent to Rs 12.82 crore as against Rs 10.14 crore in the corresponding period last year. Operating profit increased to Rs 36.92 crore (Rs...

India: SAIL: Cutting losses, but will it sustain?
February 1, 2001... THE higher sales realisation, improvement in product mix and higher value-addition appear to have helped Steel Authority of India (SAIL) to cut down its losses by 66 per cent to Rs 698 crore in the first nine months ended December 31, 2000....

India: Zodiac Clothing: A beneficial takeover.
February 1, 2001... REPORTS that the board of Zodiac Clothing Company has approved the takeover of the export business of Metropolitan Trading Company are likely to have a positive impact on the stock in the long run. Firstly, taking over the export business...

India: Reliance Q3 net up 21%.
February 1, 2001... - Our Bureau MUMBAI, Jan. 31. RELIANCE Industries Ltd (RIL) has reported a 21-per cent rise in net profit at Rs 759 crore for the third quarter ended December 2000 as compared to Rs 627 crore in the same period last year. Profits grew on...

India: Housing finance cos run for quake cover.
February 1, 2001... BANGALORE, Jan. 31. IN a bid to mitigate risks, the housing finance companies are now expected to include insurance cover against earthquake in their covenants for extending loans. This is now seen as a reaction to the killer quake which...

India: A jolt from the blue for business street.
February 1, 2001... AHMEDABAD, Jan. 31. IT is now like a joke gone sour. Just as experts reported that the worst may be over, one was rudely shaken out of complacence this afternoon by a fresh jolt from the earth. From Ashram Road, which promenades the...

India: Making service a mission - from cars & tents.
February 1, 2001... AHMEDABAD, Jan. 31. AS the quake-ravaged capital of Gujarat struggled to stand on its feet on Wednesday morning, business and financial organisations functioning from Sears Towers, a prestigious 10- storey commercial complex at the Patel...

India: 'Disinvestment thy name is incoherence'.
February 1, 2001... MUMBAI, Jan. 31. MR Anil Ambani, Managing Director, Reliance Industries Ltd, has said that the disinvestment programme of the Government is completely incoherent and lacked transparency and conviction. Answering analysts' queries at the...

India: P.B. Nimbalkar is new SIDBI chief.
February 1, 2001... NEW DELHI: The Government has appointed Mr P.B. Nimbalkar as Chairman and Managing Director, Small Industries Development Bank of India (SIDBI). Prior to this, Mr Nimbalkar was the Senior Executive Director of SIDBI. Along with Mr...

India: Tube Investments net rises 6.5 pc in Q3.
February 1, 2001... CHENNAI, Jan. 31. TUBE Investments of India Ltd has reported a 20.4 per cent increase in net profit and a 6.5 per cent increase in net sales for the quarter ended December 31, 2000 over the corresponding period last year. It had a net...

India: Shaw Wallace clears dues of Rs 145 cr to ICD holders.
February 1, 2001... KOLKATA, Jan. 31. SHAW Wallace & Company (SWC), armed with an order from the Calcutta High Court, cleared here today dues amounting to Rs 145 crore to 106 inter corporate deposit (ICD) holders at one go. Of the total amount, Rs 67.22...

India: Aurobindo Pharma Q3 PAT up at Rs 23 cr.
February 1, 2001... HYDERABAD, Jan. 31. AUROBINDO Pharma Ltd (APL) has registered a growth in turnover at Rs 260.49 crore (Rs 179.57 crore) and post-tax profit at Rs 23.3 crore (Rs 19.57 crore) for the third quarter of the current fiscal year ended December 31,...

India: MRF net dips 41 pc.
February 1, 2001... CHENNAI, Jan. 31. MRF Ltd has reported a 41 per cent drop in net profit and a marginal increase in income from operations for the quarter ended December 31, 2000 over the corresponding period last year. Its net profit was at Rs 9.64 crore...

India: Bombay Dyeing posts loss in Q3.
February 1, 2001... MUMBAI, Jan. 31. BOMBAY Dyeing & Manufacturing Company Ltd has registered a loss of Rs 11.71 crore in the third quarter ended December 31, 2000 against a profit of Rs 7.80 crore in the corresponding period last year. Sales from...

India: 'Jumbo International committed to Dunlop revival'.
February 1, 2001... KOLKATA, Jan. 31. MS KOMAL C. Wazir, a non-executive director of Dunlop India Ltd (DIL), said here on Wednesday that the Dubai-based Jumbo International Holding Ltd, which indirectly controls the tyre outfit, was committed to reviving it,...

India: GE Shipping Q3 net up 123 pc at Rs 42.5 cr.
February 1, 2001... MUMBAI, Jan. 31. HIGHER charter earnings from crude and product tankers pushed up Great Eastern Shipping Co's net profit 123 per cent to Rs 42.54 crore in the third quarter from Rs 18.6 crore in the corresponding period last year. Mr...

India: Petro Q3 net at Rs 441 cr.
February 1, 2001... MUMBAI, Jan. 31. RELIANCE Petroleum Ltd (RPL) has reported a net profit of Rs 441 crore in the third quarter ended December 31, 2000. Total income was Rs 9,220 crore including Rs 71 crore other income. After considering total expenditure...

India: Gujarat Ambuja net declines in Q2.
February 1, 2001... MUMBAI: Gujarat Ambuja Cements Ltd's (GACL) net profit has declined to Rs 33 crore in the second quarter ended December 31, 2000, compared to Rs 55 crore recorded in the second quarter ended December 31, 1999. The net profit has fallen...

India: Maran moots FDI in leather sector.
February 1, 2001... CHENNAI, Jan. 31. THE Union Commerce and Industries Ministry is pushing for removing the reservation of the leather industry for the small- scale sector, according to the Union Minister, Mr Murasoli Maran. Speaking after inaugurating the...