Automobiles
`Auto Focus 2000' begins today
AUTO Focus 2000, the first of a series of regional-level auto shows being planned outside the State Capital opens here tomorrow.
Corporate
HPCL quarterly net falls to Rs 200.63 crores
MUMBAI: Hindustan Petroleum Corporation Ltd (HPCL) has recorded a fall in net profit for the quarter ended June 30, 2000 at Rs 200.63 crores. Profit for the same period the previous year was Rs 230.12 crores.
Alps sales up
NEW DELHI: Alps Industries Ltd, known for its Vista Levolor brand of blinds, awnings and curtain rods, has logged a turnover of Rs. 27.10 crores in the first quarter ending June 30, 2000, an increase of 24.77 per cent over Rs. 21.72 crores registered in
the corresponding period last fiscal.
Hyundai's July sales up
HYUNDAI Motor India Ltd (HMIL), the wholly-owned subsidiary of Hyundai Motor Company and the second largest car manufacturer in the country, has recorded total sales of 7,265 units in July this year, representing an increase of 19 per cent over the sales
achieved in the previous month.
Whirlpool Q2 PAT at Rs. 16.75 cr
NEW DELHI: Buoyed by an increase in demand for white goods during the year, Whirlpool of India Ltd, the subsidiary of Whirlpool Corporation of the US, has ended the second quarter (April-June 2000) with a net profit of Rs. 16.75 crores against Rs. 6.65 c
rores registered during the same period in fiscal 1999.
Universal Print Systems net up 180 per cent
CHENNAI: Universal Print Systems Ltd has reported net profit after tax of Rs. 52.02 lakhs on net sales of Rs. 4.59 crores for the quarter ended June 30, 2000, according to a company press release.
Monalisa Infotech to hive off plastics unit
MONALISA Infotech Ltd (MIL), formerly Monalisa Multiplast Ltd, has decided to hive off its plastics processing division into a separate company. The MIL board decided, on July 31, to demerge the 4,800-tpa plastics processing unit in Daman and appointed P
ricewaterhouseCoopers for the purpose of evaluation.
W.S. Industries to seek nod for sell-off
CHENNAI: W.S. Industries Ltd proposes to sell off its power control division, located at Bangalore.
Liberty Footwear acquires ISO 9002
NEW DELHI: the Rs. 300-crore Liberty Footwear has acquired the ISO 9002 certification for its plant at Karnal.
Sigma in pact with German, Japan cos for jt venture
SIGMA Corporation (India) Ltd (SCIL) has tied-up with Freudenberg of Germany and NOK of Japan to set up a new joint venture company - Sigma Freudenberg NOK - at Mohali in Punjab. The new company is expected to manufacture simmerrings, damper seals and va
lve stem seals for domestic as well as global automotive and general application industry.
ICICI directed to modify report on Bengal Lamps
ICICI has been directed by the Board for Industrial and Financial Reconstruction (BIFR) to modify its report on the rehabilitation of Bengal Lamps Ltd (BLL) by taking the cut-off date for the scheme as December 31, 2000 and keeping appropriate provision
for start-up expenses etc, as the unit has been lying closed since long.
Philips unveils new service logo
PHILIPS India Ltd today announced the unveiling of its new service logo, which translates into Care, Assurance, Trust and Confidence. The service logo will be visible on all Philips products' packaging.
Usha International posts profit in Q1
NEW DELHI: Usha International Ltd, a Siddharth Shriram group company, has registered a net profit of Rs. 1.09 crores during the first quarter (April-June 2000) against Rs. 89 lakhs registered during the corresponding period the previous year.
PSU
NTPC's Faridabad unit synchronised
NEW DELHI: National Thermal Power Corporation (NTPC) has synchronised the 144 MW steam turbine unit of the 430 MW Faridabad power project on July 31.
Pharmaceuticals
Desi pharma cos score over MNCs in all-round growth
PHARMA multinationals are edging their way up against domestic companies in terms of bottomline growth, going by the latest quarterly results. Although MNCs have done better, their topline has not shown matching growth rate, according to pharma analysts.
Stocks
OTCEI to launch Web-based trading for unlisted cos
THE OTC Exchange of India is all set to launch Web-based trading facility for unlisted companies, according to Mr. Joseph Hadrian Bosco, who relinquished charge as Managing Director, OTCEI on Tuesday.
August 10, first pay-in date on CSE for Auto DO
THE Calcutta Stock Exchange, following initiatives taken on `automatic generation of delivery-out demat instructions' (Auto DO) by the National Securities Depository Ltd (NSDL), has come out with new clarifications on the issue.
