Bayer Q1 net up by 82.35%

Bayer (India) Ltd. has posted a net profit of Rs 15.50 million in the quarter ended March 31, 2001 as compared to Rs 8.50 million in the corresponding period last fiscal. Total income is at Rs 1428.70 million for MQ-01 as compared to Rs 1401.30 million in MQ-00. The current figures are not comparable with those of the previous period on account of transfer of pharmaceutical business to Bayer Pharmaceuticals Ltd with effect from July 27, 2000.

Kale Consultants signs a multi-million dollar contract with Asiana Airlines

Kale Consultants Ltd. has informed has signed a multi million dollar deal with Seoul based Asiana Airlines for its cargo products and services. Under the terms of the agreement, Asiana will procure Kale's Cargo Solutions-Amber and CSP for use by the Airline. Further, Asiana and Kale will partner to extend the functionality available in CSP and market the same to other airlines. Thus, Asiana will be an anchor customer as well as co-development partner for Kale's Cargo Solution suite. The vision is to offer a new generation end to end solution for airline cargo business that leverages the e-business economy. The total value of this contract is worth approximately $ 5 million. The cargo solutions available currently are characterised by inflexible legacy systems and outdated technology, and Kale's products-Amber and CSP represent a new breed of cargo solutions. Amber is a sophisticated and powerful Cargo Revenue Accounting System. It enables fast, efficient control of pricing and agent invoice processing, proration, terminal invoicing, inter billing and the rapid and accurate monitoring of general business performance. The teaming of Asiana and Kale will result in a synergy that will combine Kale's high-end technology, domain knowledge and expertise in system integration with Asiana's innovative design and world class customer service. The cargo solution is expected to generate a business of over $ 20 million for Kale over the next 5 years, as it is rolled out to other carriers across the world.

Ceat FY-01 net loss at Rs 137.10 million

Ceat Ltd. has posted a net loss of Rs 137.10 million in the year ended March 31, 2001 as compared to a net profit of Rs 201.10 million in the corresponding period last fiscal. Total income for the financial year ended March 31, 2001 is at Rs 10171.20 million as compared to Rs 11299.50 million in the financial year ended March 31, 2000. The Board of Directors of the Company have recommended 10% dividend (Re 1 per share) for the year ended March 31, 2001 out of the surplus from previous year.

Surya Roshini Q4 net down by 8.06%, FY-01 net up by 6.43%

Surya Roshini Ltd. net profit has fallen from Rs 37.20 million in the quarter ended March 31, 2000 to Rs 34.20 million in the corresponding period last fiscal. Total income is at Rs 2191.50 million in MQ-01 as compared to Rs 2160.90 million in MQ-00. The Company has posted a net profit of Rs 147.30 million in FY-01 as compared to Rs 138.40 million in FY-00. Total income is at Rs 8197.30 million in the year ended March 31, 2001 as compared to Rs 7777.90 million in the year ended March 31, 2000.

Banswara Textile Mills fixes Record Date for Rights Issue

Banswara Textile Mills Ltd has informed BSE that it has fixed Record Date as June 01, 2001, for the purpose of determining eligibility for Rights Issue. The rights issue is in the ratio of one equity share of Rs 10 each for every one existing share held. The equity shares will be traded on Cum-Right basis up to May 04, 2001 and on Ex-Right basis from May 07, 2001.

Century Textiles fixes Book Closure for dividend

Century Textiles and Industries Ltd. has informed BSE that the Register of Members and Transfer Books of equity shares will remain close from June 25, 2001 to July 10, 2001 for the purpose of payment of dividend @ 10% on equity shares of the face value of Rs 10 each for the year ended March 31, 2001. The dividend when declared by the Company will be paid to those members whose names stand on the Register of Members of equity shares as on July 10, 2001. The Annual General Meeting of the Company is being held on July 10, 2001.

Balaji Telefilms clarifies on news item

With reference to a news article titled 'Balaji likely to review planned merger with Nine Network', appearing in a financial daily Balaji Telefilms Ltd. has informed BSE that it is reviewing the merger with Nine Network Entertainment India Ltd. due to the recent developments.

Arvind Mills to consider rights issue

A meeting of the Board of Directors of Arvind Mills Ltd will be held on May 10, 2001 to consider matters related to restructuring proposal of the company, which would include: 1. Recommendation of rights issue of equity shares. 2. Issue of partly convertible debentures with convertible warrants attached to certain lenders. 3. Issue of Convertible warrants to certain lenders.

ICICI Q4 net loss at Rs 3394.80 million, FY-01 net down by 62.81%

ICICI Ltd has posted a net loss of Rs 3394.80 million in the quarter ended March 31, 2001as compared to a net profit of Rs 3937.10 million in the corresponding period last fiscal. Total Income for the quarter ended March 31, 2001 is at Rs 26987.4 million as against Rs 22824.30 million in MQ 2000. The net profit for the year ended March 31, 2001 is at Rs 4548.40 million as compared to Rs 12499.60 million in the financial year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 92961.60 million as compared to Rs 84653.40 million in the corresponding period last fiscal. The Board has recommended a dividend of 55% for the year ended March 31, 2001.

Great Eastern FY-01 net up by 66.16%, Co to buyback equity shares worth Rs 1000 million

Great Eastern Shipping Co. Ltd. has posted a net profit of Rs 545.90 million in the quarter ended March 31, 2001 as compared to Rs 322.80 million in the corresponding period last fiscal. Total income for MQ-01 is at Rs 3237.90 million as compared to Rs 2501.30 million in MQ-00. The Company has posted a net profit of Rs 1774 million in the financial year ended March 31, 20011 as compared to Rs 1067.60 million in FY-00. Total income for the year ended March 31, 2001 is at Rs 10813 million as compared to Rs 9944.60 million in the corresponding period last fiscal. Subject to the approval of the members and other necessary approvals, the Board of Directors has decided to further buy back its own equity shares, upto Rs 1000 million at a price not exceeding Rs 42 per share from the open market through the stock exchange.

Special Margin imposed on Hotel Leela

BSE has informed members of the exchange that Special Margin of 25% is imposed on Hotel Leela Venture Ltd. with effect from Thursday, May 3rd, 2001.

Telco FY-01 results by June 30, 2001

Tata Engineering & Locomotive Company Ltd (Telco) has informed BSE that it will publish audited results for the financial year ended March 31, 2001 within a period of 3 months of the close of the accounting year and therefore company will not be publishing results for the quarter ended March 31, 2001.

Max India to consider divestment in Max Atotech

At its meeting of the Board of Directors of Max India Ltd scheduled to be held on May 04, 2001 the company proposes to consider and approve the divestment of the shareholding held by the company in Max Atotech Ltd constituting 50% of its equity share capital, to its joint venture partner M/s Atotech B V.

Magic Trading enters into MOU with Santype International

Magic Trading & Agencies Ltd. has informed BSE that it has entered into MOU with Santype International Ltd., UK (SIL) for takeover of that company, subject to fulfillment of laws prevailing in India and UK. 1. Company will pay 205000 pound for purchase of all the equity shares in SIL and 381541 - 4% Non-Cum. Preference shares of 1 pound each held by Branch Securities Ltd. (BSL) which is the holding company of SIL. 2. BSL would subscribe for 1 million equity shares of Rs.10/- each at par in the company. 3. Company has agreed for potential contingency expenses of 8000 pound. SIL has a 100% subsidiary by name Andercroft Systems Ltd. which will also be taken over by company as a result of 100% acquisition in SIL.

Supreme Industries defers issue of OCD

Supreme Industries Ltd. has informed BSE that after due deliberations the Board of Directors of the company has decided to defer the matter of issuance by private placement of 1 million OCDs of Rs.500/- each.

Amtek Auto members approve increase in authorised share capital

Amtek Auto Ltd has informed BSE that at an EGM the members have approved the increase in authorised share capital of the company from Rs.200 million to Rs.250 million and alteration of MoA and AoA to this effect.

ISPL Industries referred to BIFR

ISPL Industries Ltd has informed BSE that it has been referred to BIFR and has been registered under case No.275/2000 dated September 07, 2000.Due to liquidity problem both the units operations have been suspended.

Rhone-Poulenc fixes Book Closure for dividend

Rhone-Poulenc (India) Ltd. has informed BSE that the Board of Directors of the Company has fixed Book Closure from July 03, 2001 to July 12, 2001 for the purpose of an AGM and for declaring 270% dividend on equity shares.

Rhone-Poulenc fixes Book Closure for dividend

Rhone-Poulenc (India) Ltd. has informed BSE that the Board of Directors of the Company has fixed Book Closure from July 03, 2001 to July 12, 2001 for the purpose of an AGM and for declaring 270% dividend on equity shares.

IPCL FY-01 results on May 30, 2001

A meeting of the Board of Directors of Indian Petrochemicals Corporation Ltd has been convened on May 30, 2001 to take on record/approve audited financial results for the year ended March 31, 2001 and to recommend dividend to shareholders.

Mindteck Board approves allotment of equity shares on preferential basis

Mindteck India Ltd has informed the BSE that the Board of Directors of the company in their meeting held today (on May 2,2001) has considered and approved the issue and allotment of 28,50,000 equity shares of the Company of Rs 10/- each at Rs 120/- per share (i.e at a premium of Rs 110/- per share) aggregating to Rs 342 million on a preferential basis to the shareholders of Mindteck Consulting Inc (MCI) and or one or more of its holdings company (ies) for acquiring 100% of the shareholding of MCI subject to the approval of the Companys shareholders under Section 81(IA) of the Companies Act 1956.

DCW Q4 net at Rs 55.07 million FY-01 net up by 53.84%

DCW Ltd. has posted a net profit of Rs 55.07 million in the quarter ended March 31, 2001 as compared to Rs 13.91 million in the quarter ended March 31, 2000. Total income posted is at Rs 1203.05 million in the quarter ended March 31, 2001 as compared to Rs 1042.13 million in the corresponding period last fiscal. The Company has posted a net profit of Rs 66.45 million in FY-01 as compared to Rs 43.19 million in FY-00. Total income for the year ended March 31, 2001 is at Rs 4889.24 million as compared to Rs 4076.21 million in the corresponding period last fiscal. The amalgamation of wholly owned subsidiary, DCW Finance Ltd., pursuant to approval by the shareholders is pending before the High Court of Gujarat/Chennai and hence the financial results have not been modified to give effect to the said amalgamation.

Ucal Fuel Q4 net up by 191.10%, FY-01 net up by 26.27%

Ucal Fuel Systems Ltd. has posted a net profit of Rs 35.85 million in the quarter ended March 31, 2001 as compared to Rs 12.31 million in the quarter ended March 31, 2000. Total income posted for the quarter ended March 31, 2001 is at Rs 406.94 million as compared to Rs 394.77 million in the corresponding period last fiscal. The company has posted a net profit of Rs 128.76 million in FY-01 as compared to Rs 101.97 million in FY-00. Total income for the year ended March 31, 2001 is at Rs 1599.37 million as compared to Rs 1284.60 million in the corresponding period last fiscal. Improved performance over the previous year is on account of 1) Environmental friendly products introduced during the year. 2) 20% growth in the supply to the two wheeler segment, with 80% growth on exports only 3) Increase in export turnover by about 40%

Amtrex Hitachi Q4 net loss at Rs 45.03 million, FY-01 net loss at Rs 52.08 million

Amtrex Hitachi Appliances Ltd. has posted a net loss Rs 45.03 million in the quarter ended March 31, 2001 as compared to a net profit of Rs 31.79 million in the corresponding period last fiscal. Total income posted for the quarter ended March 31, 2001 is at Rs 631.56 million as compared to Rs 582.47 million in the quarter ended March 31, 2000. Net loss posted in the year ended March 31, 2001 is at Rs 52.08 million as compared to a net profit of Rs 37.92 million in the corresponding period last fiscal. Total income posted for FY-01 is at Rs 1816.57 million as compared to Rs 1476.86 million in FY-00.

Krone Comm Q1 net down by 37.88%

Krone Communications Ltd. net profit has fallen from Rs 42.50 million in the quarter ended March 31, 2000 to Rs 26.40 million in the quarter ended March 31, 2001. Total income for the quarter ended Mqrch 31, 2001 is at Rs 163.80 million as compared to Rs 229.10 million in the corresponding period last fiscal.

Hotel Leela Venture Q4 net down by 8.14%, FY-01 net up by 86.05%

Hotel Leela Venture Ltd. net profit has fallen from Rs 82.30 million in the quarter ended March 31, 2000 to Rs 75.60 million in the quarter ended March 31, 2001. Total income is at Rs 385.60 million in the quarter ended March 31, 2001 as compared to Rs 429.20 million in the quarter ended March 31, 2000. The Company has posted a net profit of Rs 162.80 million in FY-01 as compared to Rs 87.50 million in FY-00. Total income is at Rs 1357.90 million in the year ended March 31, 2001 as compared to Rs 1364.60 million in the corresponding period last fiscal.

Panacea Biotec Q4 net up by 33.01%, FY-01 net up by 35.44%

Panacea Biotec Ltd. has posted a net profit of Rs 110.40 million in the quarter ended March 31, 2001 as compared to Rs 83 million in the quarter ended March 31, 2000. Total income for the quarter ended March 31, 2001 is at Rs 611.50 million as compared to Rs 515.80 million in the corresponding period last fiscal. The Company has posted a net profit of Rs 351.20 milion in the year ended March 31, 2001 as compared to Rs 259.30 million in the corresponding period last fiscal. Total income for the year ended March 31, 2001 is at Rs 2355.50 million as compared to Rs 1951.30 million in FY-00.

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