Corporate
SRF net at Rs 6.70 cr in Q3
INDUSTRIAL yarn and fabric manufacturer, SRF Ltd has reported a 5.51 per cent increase in net profit for the third quarter ended December 31, 1999 at Rs. 6.70 crores as compared to Rs. 6.35 crores in the corresponding period of the previous year.
Bhagyanagar Metals Q3 net up 31%, turns debt-free
BHAGYANAGAR Metals Ltd (BML), the flagship company of the Hyderabad-based Surana group, has registered a growth of 30 per cent in sales turnover and 31 per cent in post-tax profit for the quarter ended December 31, 1999.
Panel discusses MCF revival scheme
THE reliefs sought for the revival of Mangalore Chemicals & Fertilisers, a UB group company, were taken up at a high-powered meeting of the Industries Department here on Thursday.
Two bids for NGEF takeover
THE loss-making State enterprise NGEF, which was put on the block by the Karnataka Government in June 1999, has finally received two takeover bids.
Surana Telecom 9-month net up 794%
HYDERABAD: Surana Telecom Ltd (STL), part of the Hyderabad-based Surana Group, has registered a growth of 196 per cent in turnover and 794 per cent in post-tax profit for the nine months period ended December 31, 1999. While the turnover stood at Rs. 49.
53 crores (Rs. 16.71 crores), the post-tax profit was Rs. 4.09 crores (Rs. 45.85 lakhs).
Guj Healthcare winding up order confirmed
THE Board for Industrial and Financial Reconstruction (BIFR) has confirmed its prima-facie opinion of winding up Gujarat Healthcare Ltd (GHL).
NSE drops suspension of Videocon
MUMBAI: The National Stock Exchange of India (NSE) has decided to revoke the proposed suspension of trading in equity share of Videocon International Ltd and Videocon Appliances Ltd with effect from January 19.
BIFR for new management in Gujarat Perstorp
THE Board for Industrial and Financial Reconstruction (BIFR) has directed Gujarat Perstorp Electronics Ltd (GPEL) to show-cause why the Board should not initiate measures for change in management.
Information Technology
GNFC mulls major foray into IT
GUJARAT Narmada Valley Fertilizers Co Ltd (GNFC) may hive off its electronics division into a new company as part of its plan to make a major foray into information technology.
Stocks
SEBI mulls 12% circuit breaker across-the-board
THE Securities and Exchange Board of India (SEBI) is planning to introduce the circuit breaker limit of 12 per cent across-the-board if it helps in improving liquidity and restricting speculation in those 100 scrips in which it will be applicable with ef
fect from January 24.
