Automobiles
Maharashtra Scooters cuts working days
MAHARASHTRA Scooters Ltd, owned partly by Bajaj Auto Ltd, has reduced its plant's working days from six days to five days a week.
Corporate
Gordon Woodroffe makes Rs 1.03-crore profit
WITH a more intense focus on freight forwarding and a restructuring of its leather tanning operations, Gordon Woodroffe has registered a net profit of Rs. 1.03 crores during 1999-2000.
Ipca Lab net up at Rs 26 cr
MUMBAI: Ipca Laboratories has registered a 22 per cent increase in net profit at Rs. 26.12 crores for the year ended March 31, 2000 as against Rs. 21.42 crores in the previous year ended March 31, 1999.
ABB Lummus to set up EPC co
ABB Lummus Global Inc (ABB LGI), engaged in process technologies in the refining and petrochemicals sector, will make India its hub for sourcing turnkey projects in the Asian region.
India Nippon net at Rs 11.90 crores
CHENNAI: India Nippon Electricals Ltd has reported a net profit of Rs. 11.90 crores for 1999-2000, as against Rs. 9.09 crores in the previous year - an increase of 31 per cent.
`Pump manufacturers should rework business strategy'
THE domestic pump industry, which is facing an onslaught from three different sources, will have to re-work its strategy if it were to survive in the new millennium, according to the outgoing President of the Southern India Engineering Manufacturers' Ass
ociation (SIEMA), Coimbatore, Mr. R. R. Balasundharam.
Godrej Soaps to increase stake in Godrej Pillsbury
GODREJ Soaps Ltd (GSL) is planning to increase its equity holding in Godrej Pillsbury Ltd from the current 26 per cent.
UK aviation security firm plans training institute
AVIATION and Airport Security Consultants (AASC), a private company, based in the UK, providing training in aviation security, is setting up shop in India.
Piquant situation over World Bank coal loan
A PIQUANT situation has developed over the utilisation of the sanctioned World Bank loan of about $ 1.06 billions towards development of 24 existing opencast coal projects with the subsidiaries of Coal India Ltd not inclined to draw upon the unutilised p
ortion of the loan unless IBRD withdraws the conditionalities.
Miscellaneous
Workers to draft revival plan for Kanoria Jute
THE Board for Industrial and Financial Reconstruction (BIFR) has directed the workers' representative of Kanoria Jute Industries Ltd (KJIL) to formulate a revival scheme in consultation with all concerned and submit a rehabilitation package to IFCI.
Power
Sujana Power seeks gas allocation from GAIL
SUJANA Power, which is putting up two projects at Tuticorin in Tamil Nadu, has sought allocation of gas from Gas Authority of India Ltd (GAIL).
Stocks
LYONS RANGE
THE technology shares eased at the Calcutta Stock Exchange on Friday. The PentaMedia Graphics scrip was the biggest loser (11.91 per cent) followed by the Silverline counter (11.01 per cent). DSQ Software, Rolta, Ranbaxy, Zee, Satyam and Digital
Equipment lost between 10.09 per cent and 4.87 per cent on their previous closing prices. Among the gainers were HLL, SBI and L&T. The CSE-50 closed at 131.20 points against the previous closing of 129.86. The total turnover of the exchange stood a
t Rs. 1,622.57 crores. -- Our Bureau
NSDL moots new B2B model
NATIONAL Securities Depository Ltd (NSDL) is taking a big leap forward to bring e-commerce in securities settlement business. Under this B2B model, perhaps under implementation for the first time in any market in the world, NSDL would do away with the ne
ed to give separate debit instructions by stock brokers.
SEBI directive to cos on demat
MUMBAI: The Securities and Exchange Board of India (SEBI) today reiterated its fiat to companies to process pending demat requests quickly.
