Sri Adhikari announces change in management structure

The Board of Directors of Sri Adhikari Brothers Television Network Ltd at its Board meeting held today (June 28, 2001) has appointed Mr Suhas Bade & Mr T P Ostwal as Additional Directors of the company. The Board has accepted resignation of Mr Jeetendra Kapoor and Mr Ashu Dutt Directors of the company.

Sri Adhikari Bros FY-01 net down by 40.51%

Sri Adhikari Brothers Television Network Ltd has posted a net profit of Rs 103.73 million for the year ended March 31, 2001 as against Rs 174.36 million for the previous year. Income from Operations for the year ended March 31, 2001 is at Rs 927.94 million as against Rs 400.13 million for the year ended March 31, 2000. Other Income for FY-01 is at Rs 48.79 million as against Rs 40.25 million for FY-00. The Board of Directors of the Company has recommended a Dividend of Rs 1.10 per share. The Company has reported that during the year ended March 31, 2001, the Company has invested US$ 4.50 million in the Equity Share Capital and US$ 6.55 million in the Preference Share Capital, Wholly Owned Subsidiary of Sri Adhikari Brothers Television Networks Ltd. It is equivalent to INR 500.10 million of SABe TV.

Salora International FY-01 net down by 62.77%

Salora International Ltd has posted a net profit of Rs 35.18 million for the year ended March 31, 2001as compared to Rs 94.49 million for the previous year. Total Income for the year ended March 31, 2001 is at Rs 1923.67 million as against Rs 1835.81 million for the year ended March 31, 2000. The Board of Directors of the Company has recommended a Dividend of 20% for the current year. The Working of the Company has been affected badly in the fourth quarter of the current year due to slowdown in the economy resulting into negative growth in the consumer electronic industry in the country coupled with reduction in prices and cut throat competition and increased input costs.

Pampasar Distillery Board to consider merger with Maharashtra Distilleries

Pampasar Distillery Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on June 29, 2001 as consider and approve the merger of the Company with Maharashtra Distilleries Ltd and the share exchange ratio thereon and other allied/related matters.

BILT FY-01 results on July 27, 2001

A meeting of the Board of Directors of Ballarpur Industries Ltd is scheduled to be held on July 27, 2001 to consider and approve the Audited Annual Accounts of the Company for the financial year 2000-01, ending on June 30, 2001.

JCT Electronics constitutes committee to consider restructuring plans

JCT Electronics Ltd has informed BSE that the Board of Directors of the Company at its meeting held today (June 28, 2001) has deliberated on the business plans including restructuring and have constituted a committee of Directors to consider and evaluate various options and place their recommendations to the Board of Directors.

Software Technology Group Int. signs MoU with Infosys Technologies

Software Technology Group International Ltd has informed BSE that the Company has signed an MOU with Infosys Technologies Ltd wherein the Company has been appointed as a business strategic partner (support and training) for implementation of Infosys' Banking Solutions. The Company has also informed that Mr. Ashok Malhotra has been inducted on the Board of the Company as Whole Time Director with immediate effect on the terms and conditions as approved at the meeting of the Board of Directors held today (June 28, 2001) Mr. Malhotra will be responsible for Accounts, Finance, Secretarial and Administration.

Asian Hotels announces 5% Interim Dividend

The Board of Directors of Asian Hotels Ltd at its meeting held today (June 28, 2001) has declared a second Interim Dividend of Rs 0.50 per equity share for the financial year ended 2000-01 thus bringing the total Dividend declared for the year 2000-01 (Inclusive of Interim Dividend of Rs 5.50 per share declared during the year) to Rs 6 per share.

Swaraj Engines FY-01 net down by 15.26%

Swaraj Engines Ltd has posted a net profit of Rs 160.40 million for the year ended March 31, 2001 as compared to Rs 189.30 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 1189.10 million as compared to Rs 1389.50 million for the year ended March 31, 2000. The Board of Directors has recommended a dividend of Rs 22.50 per share subject to the approval of the shareholders at the Annual General Meeting.

Shyam Telecom FY-01 net at Rs 163.74 million

Shyam Telecom Ltd has posted a net profit of Rs 163.74 million for the year ended March 31, 2001 as compared to Rs 44.50 million in the financial year ended March 31, 2000 which comprised of 18 months. Total Income for the year ended March 31, 2001 is at Rs 2153.43 million as compared to Rs 1117.20 million in FY-00. The Board of Directors of the company has recommended a dividend of 10% for the year ended March 31, 2001. The company's wholly owned subsidiary Shyam Telelink Ltd has commenced commercial services in Jodhpur in addition to Jaipur.

Vam OrganicFY-01 net up by 29.46%

Vam Organic Chemicals Ltd has posted a net profit of Rs 133.60 million for the year ended March 31, 2001 as against Rs 103.20 million for the previous year. Total Income for the year ended March 31, 2001 is at Rs 8466.90 million as compared to Rs 6120.10 million for the year ended March 31, 2000. Interest Expenditure is higher at Rs 413.30 million in FY-01 as against Rs 349.60 million in FY-00. The Board of Directors of the Company has recommended a Dividend at the rate of 60% on the equity shares (Previous Year - 50%) subject to the approval of the shareholders.

Cinevista Comm. posts net loss of Rs 119.93 million for FY-01

Cinevista Communications Ltd has reported a net loss of Rs 119.93 million for the year ended March 31, 2001 as compared to a net profit of Rs 87.83 million for the previous year. Income from Realisation of Serials is lower at Rs 396.70 million in FY-01 as against Rs 439.26 million for FY-00. Other Income for the year ended March 31, 2001 is at Rs 39.26 million as against Rs 71.29 million for the year ended March 31, 2000. The Company has reported that all expenses related to the weekly game show "Knock-Out" which was scheduled to be telecast on DD-1 from January 28, 2001 have been written off, as the writ petition for the same is pending in the High Court at New Delhi. Telecast of the Serials "Noorjahan" and "Kati Patang Hai Life Yaaron" on DD has been discontinued from January 2001 and March 2001 respectively. The Company has also reported that continuing erosion in demand for air time on DD amongst advertisers has led to erosion in the selling volumes and selling rates. As a consequence over 18,000 seconds of air time remains unsold on the various programmes that were telecast on DD.

BSES FY-01 net up by 4.74%

BSES Ltd has posted a net profit of Rs 3213.70 million for the year ended March 31, 2001 as compared to Rs 3068.20 million in the financial year ended March 31, 2000. Net Sales for the year ended March 31, 2001 are at Rs 26873.20 million as against Rs 23384.40 million in FY-00. Other income for the year ended March 31, 2001 is at Rs 757.80 million as compared to Rs 911.90 million in the financial year ended March 31, 2000. Net Sales for the year ended March 31, 2001 includes income of EPC, Contracts & Computer Divisions Rs 5289.20 million as compared to Rs 3905.70 million for the corresponding period last fiscal. The Board of Directors has recommended a dividend of 40% on equity shares for the year ended March 31, 2001.

Cadbury India gets RBI permission for payment of Royalty

Cadbury India Ltd has informed BSE that the Company has received permission from the Reserve Bank of India for payment of Royalty of 1% on Domestic and Exports Sales for the use of Trade Marks to Cadbury Schweppes Overseas Ltd, UK, the proprietor of the trade marks for a period of 7 years. Cadbury Schweppes Overseas Ltd holds 51% equity share capital of Cadbury India Ltd.

S Kumars Nationwide Board to consider FCD issue

A meeting of the Board of Directors of S. Kumars Nationwide Ltd is scheduled to be held on July 05, 2001 to consider the issue of Fully Convertible Debentures.

Crest Comm Q4 net at Rs 28.14 million, FY-01 net up by 117.30%

Crest Communication Ltd has posted a net profit of Rs 28.14 million for the quarter ended March 31, 2001 as against Rs 0.98 million for the corresponding period last fiscal. Total Income for the quarter ended March 31, 2001 is at Rs 71.60 million as against Rs 32.28 million for the quarter ended March 31, 2000. The Company has reported a net profit of Rs 51.02 million for the year ended March 31, 2001 as against Rs 23.48 million for the previous year. Total Income for the year ended March 31, 2001 is at Rs 243.06 million as compared to Rs 161.36 million for the previous year ended March 31, 2000. The Board of Directors of the Company has recommended a Dividend of 10% subject to TDS, on the Equity shares of the Company.

NOCIL FY-01 net down by 7.76%

National Organic Chemical Industries Ltd has posted a net profit of Rs 108.10 million for the year ended March 31, 2001 as against Rs 117.20 million for the previous year. Total Income for the year ended March 31, 2001 is at Rs 8898.60 million as compared to Rs 8777.10 million for the previous year ended March 31, 2000. The Company has reported that the profitability for the current year has been affected by very high naphtha prices and planned shutdown of the Petrochemical Complex for two weeks in the month of October 2000. The profits for the current year have been arrived after considering Exceptional Items in the nature of Deferred Revenue Expenditure w/off amounting to Rs 199 million (P.Y Rs 225.50 million) The Company has been informed by Basell Polyolefins that it is unable to participate in the expansion project of the Petrochemicals Division. In view of this, the Company is considering other options to pursue the project.

Titan Industries fixes Book Closure for the purpose of Dividend

Titan Industries Ltd has informed BSE that the Register of Members and Transfer Registers of the Company will be closed from August 14, 2001 to September 10, 2001 (both days inclusive). The aforesaid book closure will be for the purpose of determining eligbility for the payment of Dividend on equity shares for the year ended March 31, 2001. The dividend on equity shares, if declared at the Annual General Meeting of the Company, will be paid to those shareholders whose names appear in the Register of Members as on September 10, 2001.

TV-18 MD purchases 10450 shares of the Company

Television Eighteen India Ltd has informed BSE that the Company has received intimation from Mr Raghav Bahl, Managing Director of the Company that he has purchased 10450 (Ten Thousand four hundred fifty) equity shares of the Company through the market.

Birla Yamaha FY-01 net down by 16.23%

Birla Yamaha Ltd has posted a net profit of Rs 51.24 million for the year ended March 31, 2001 as against Rs 61.16 million for the previous year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 657.83 million as against Rs 629.82 million for the year ended March 31, 2000. The Board of Directors of the Company has recommended a Dividend of 12% (Rs 1.20 per equity share) on the share capital of the Company.

Apollo Tyres FY-01 net down by 66.58%

Apollo Tyres Ltd has reported a net profit of Rs 254.20 million for the year ended March 31, 2001 as against Rs 760.60 million for the previous year. Net Sales/Income from Operations are higher at Rs 11421.10 million in FY-01 as compared to Rs 10668.80 million for FY-00. Other Income for the year ended March 31, 2001 is at Rs 40 million as compared to Rs 200 million for the previous year ended March 31, 2000. The Board of Directors has recommended a Dividend of Rs 4 per share amounting to Rs 145.30 million for the year ended March 31, 2001 on Equity Share of Rs 10 each.

Kalpataru Power FY-01 net down by 46.89%

Kalpataru Power Transmission Ltd has posted a net profit of Rs 82.20 million for the current year ended March 31, 2001 as compared to Rs 154.80 million for the previous year ended March 31, 2000. Total Income for FY-01 is at Rs 1598.70 million as compared to Rs 1663.50 million for FY-00. The Board has recommended a payment of Dividend @ 15% for the Financial year 2000-01.

Aarti Industries Board approves scheme of Amalgamation

Aarti Industries Ltd (AIL) has informed BSE that the Board of Directors of the Company at its meeting held today (June 28, 2001) has considered the proposal of amalgamation of Alchemie Organics Ltd (ALOL) with Aarti Industries Ltd, subject to such approvals and formalities as may be necessary in this regard and approved the draft scheme of amalgamation. The Appointed date for the said amalgamation has been fixed as April 01, 2001. The ratio of exchange of shares for the said amalgamation has been fixed as one equity share of Rs 10 each credited as fully paid up at par of AIL for every four equity shares of Rs 10 each fully paid up held in ALOL.

Bank of Baroda Q4 net loss at Rs 1545.50 million, FY-01 net profit at Rs 2746.60 million

Bank of Baroda has posted a net loss of Rs 1545.50 million for the quarter ended March 31, 2001 as against a net profit of Rs 1307.70 million for the corresponding period last fiscal. Total Income for the quarter ended March 31, 2001 is at Rs 17358.40 million as against Rs 16223.20 million for the quarter ended March 31, 2000. Net Profit for the year ended March 31, 2001 is at Rs 2746.60 million as compared to Rs 5027.70 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 64636.20 million as against Rs 58608 million for the previous year ended March 31, 2000. Staff Expenses for the current year includes an amount of Rs 1749.40 million written off towards Voluntary Retirement Scheme. The Board of Directors of the Bank has declared Dividend @ 40% subject to the approval of Reserve Bank of India.

Abbott Lab FY-01 net up by 84.61%

Abbott Laboratories India Ltd has posted a net profit of Rs 32.30 million for the year ended March 31, 2001 as compared to Rs 17.50 million in the financial year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 970.33 million as against Rs 972.19 million for the previous year ended March 31, 2000. The Board of Directors of the Company has recommended a Dividend @ 10% (i.e. Rs 0.50 per share) on the capital of Rs 26.09 million divided into 5219504 shares of Rs 5 each. The Total Dividend including the Interim Dividend @ 30% (i.e. Rs 1.50 per share) paid in February 2001 for the financial year works out to 40%.

Murudeshwar Ceramics FY-01 net profit down by 13.18%, Sales up by 17.23%

Murudeshwar Ceramics Ltd has posted a net profit of Rs 114.18 million for the year ended March 31, 2001 as compared to Rs 131.52 million for the year ended March 31, 2000. Net Sales for the year ended March 31, 2001 are at Rs 879.42 million as compared to Rs 750.13 million in FY-00. Other income for the year ended March 31, 2001 is at Rs 2.34 million as compared to Rs 2.93 million in the year ended March 31, 2000. The Board of Directors of the company has proposed a dividend of Re 1 per share of nominal value of Rs 10. The project undertaken by the company to expand capacity by 30000 tpa of vitrified and ceramic tiles is also for the tiles of larger size upto 120* 60 cm for the first time in the country. The project cost will be Rs 660 million. The project is expected to be operational by September 2001. The Company has also reported that Shri B G Arun Kumar ceased to be a Director on the Board of Directors of the company wef June 28, 2001.

Alstom Ltd suspends operations at its Paharpur Works unit

Alstom Ltd, in a communication issued to the BSE, has announced suspension of the Operations of its Factory located at 58, Taratala Road, Kolkata 700 024 known as "Paharpur Works". The suspension has been announced until further orders, from the commencement of morning shift of today (June 28, 2001). This move by the Company management has been necessitated following the illegal and unjustified agitation at the said factory resulting in serious threat to the safety and security of the Plant and Personnel. It has been intimated by the Company that on June 27, 2001, a group of about 35 persons surrounded the Material Gate of the Factory thereby obstructing the free ingress and egress of despatch of finished goods and incoming raw materials. The said outsiders are also believed to have started wrongful agitation and threatened the Managerial Personnel with dire consequences. The agitation started at about 8.00 A.M and had continued throughout the day unabated. The law and order situation in and around the Factory has totally deteriorated resulting in production and despatch activities suffering considerably and thereby paralysing the operations. The normal Factory operations could not be carried on due to such agitational activities, and hence the Management has suspended the operations at this Factory.

Carrier Aircon fixes book closure for the purpose of Dividend

Carrier Aircon Ltd has informed BSE that it has fixed the period from September 18, 2001 to September 27, 2001 as Book Closure for the purpose of 22% Dividend.

BSE imposes 25% Special Margin on Bayer India

BSE has informed Members of the Exchange that Special Margin of 25% has been imposed in the under mentioned scrip with effect from today (June 28, 2001). Code Name Group 6285 BAYER (I) LTD B1

Ranbaxy Laboratories denies news item

With reference to the news article appearing in a leading financial daily titled "Ranbaxy in bid to buy out Specialty from JV" Ranbaxy Laboratories Ltd has informed BSE that the Company is not in any discussions with Specialty Laboratories Inc., USA on equity related matter of Specialty Ranbaxy Ltd.

Work resumes at Grasim Industries Nagda Plants

Grasim Industries Ltd has informed BSE that the operations at its Staple Fibre Plant at Nagda which had been suspended from 1st week of May, 2001 till the onset of the monsoon and the operations at its Chemical Plant situated at the same place which was to be at about half of its normal level from the same date have resumed working normally. The work has been resumed at both the plants with the onset on the monsoon and availability of water.

Satyam forms strategic alliance with Epicentric to provide E-Business Networks to fortune 500 Customers

Satyam Computer Services Ltd has announced a strategic alliance with the US-based Epicentric Inc., the leading provider of next generation portal solutions. As per the agreement Satyam will provide clients with strategic consulting and integration services for Epicentric Foundation Server ä and will offer these services to Epcientric's customers. With this alliance, global Fortune 500 customers are offered Satyam's end-to-end consulting and implementation expertise and Epicentric's advanced technology for delivering integrated Web Services. An industry first, Epicentric's platform integrates and delivers privately branded aggregations of Web services to internal and external business communities across intranets, extranets and the Internet. These Web services incorporate real-time e-commerce capabilities such as transactions, trading exchanges, and orders fulfillment; applications, such as email, discussions and calendars and content, such as news, market research and internally published documents. "We chose the Epicentric platform because it provides a best-of-breed solution and is also a proven one", said F S Mohan Eddy, Senior Vice President and head of Collaborative Enterprise Solutions for Satyam Computer Services. "There is a growing demand for e-business solutions, in Satyam's existing and prospective customer base. Our partnership with Epicentric is of strategic importance to our e-business solutions capability." Today more than 150 companies rely on Epicentric to power their Web initiatives, including world leaders in vertical markets such as financial services, healthcare, government, energy, manufacturing, telecommunications and pharmaceuticals. "As one of India's premier IT consulting companies, Satyam is a key channel for implementing Epicentric's advanced next generation portal's solutions," said Bill Yarnoff, vice President of Global alliances at Epicentric. "The alliance between Satyam and Epicentric is a natural fir, as both companies are dedicated to ensuring that global Fortune 500 clients compete successfully in an ever-changing market place."

Money

Rapid Information on Stocks & Corporates

Tell us what you think of this report