Corporate
Bharat Forge to focus on small forgings market -- PBT down in first quarter
PUNE-BASED Bharat Forge Ltd (BFL), flagship of the Kalyani Group, has recorded an increase in net sales for the first quarter of the current financial year. The company has recorded a net sales of Rs. 151.95 crores as against Rs. 139.78 crores for the pr
evious corresponding period, Mr. B.N. Kalyani, Chairman and Managing Director, has said.
DCR accords highest ratings to First Leasing programmes
FIRST Leasing Company of India Ltd (FLC), which recently challenged ICRA's downgrading of its debt programmes in the Madras High Court, has been accorded the highest ratings by DCR India. A press note was issued here today by DCR explaining its rationale
.
Indo Shares declared defaulter by BSE
THE Bombay Stock Exchange (BSE) last week declared its member, Indo Shares & Fintrade Pvt. Ltd (formerly a proprietary firm known as Jasmin B. Shah), a defaulter for non-fulfillment of its obligations pertaining to short delivery of large quantity of sha
res of Vakrangee Softwares Ltd (VSL).
UTI Grihalakshmi may offer gold option
UNIT Trust of India has proposed to repackage its Grihalakshmi scheme to offer special benefits, including a gold option, to investors. In the revised form, purchase and sale would be based on NAV.
Crisil Q1 net down 34% at Rs 2.20 cr
MUMBAI: Crisil has ended the first quarter of 2000-2001 with a 34 per cent decline in net profit at Rs. 2.20 crores against Rs. 3.33 crores in the same period the previous year.
Scandura to launch mobile calibrating laboratory
DOTT. Ing. Scandura Calibration & Instrumentation (India) Pvt Ltd, a wholly-owned subsidiary of Italy-based Scandura, proposes to launch a mobile calibrating laboratory, which could call on Scandura's customers all over India.
Ampersand net zooms
BANGALORE: Ampersand Software Applications Ltd earned a net profit of Rs. 2.37 crores for 1999-2000, registering a rise of 283 per cent for 1999-2000. Its net profit stood at Rs. 0.61 crore during the previous year.
Mutual Funds
UTI eyes Rs 1,300 cr from offshore funds
THE Unit Trust of India (UTI) proposes to mobilise about Rs. 1,300 crores during its current accounting year (July to June 2000-01) under its various offshore funds. In 1999-2000, the total mobilisation under the offshore funds was around Rs. 300 crores
or so against the target of Rs. 1,000 crores.
Birla MF to rationalise debt funds' load structure
BIRLA Mutual Fund, which manages over Rs. 2,000 crores of debt assets, has decided to rationalise the load structures of all major debt funds. Its balanced fund has also come under this plan.
PSU
ECL wants Coal Ministry to hasten revival process
UNCERTAINTY persists over the revival of Eastern Coalfields Ltd (ECL) as the Union Coal Ministry has failed to prepare a scheme suitable for this sensitive subsidiary of Coal India Ltd (CIL). ECL has 116 collieries spread over 1,620 sq. km., mostly in We
st Bengal and partly in Bihar.
Textiles
Social standards in trade -- Garment importing agencies circulate code of conduct
EUROPEAN garment procuring agencies sourcing goods from the country have stepped up pressure on the local garment suppliers in Tirupur towards greater compliance to their code of conduct (CoC) in the workplace.
