Titan Industries mandates Interbrand to undertake the valuation of Titan Brand
Titan Industries Ltd has informed BSE that with a view to assessing the true value of its most privileged asset, the Titan Brand and for strategic management purposes, the Company has mandated Interbrand to undertake the valuation of the Titan Brand.
SSI revises FY-02 consolidated results
SSI Ltd has posted a consolidated net loss of Rs 186.40 million for JQ-02. The consolidated total revenue for JQ-02 is at Rs 912.40 million. The consolidated net loss for FY-02 is at Rs 423.90 million and the consolidated revenue for FY-02 is at Rs 3883.20 million.
Earlier the company had informed that it has posted a consolidated net loss of Rs 186.40 million for JQ-02. The consolidated total revenue for JQ-02 is at Rs 912.40 million. The consolidated profits for FY-02 is at Rs 423.90 million. The consolidated total revenue for FY-02 is at Rs 3883.20 million.
Commenting on the results, Kalpathi S. Suresh, Chairman and CEO, SSI Ltd said: " This has been a year of challenges and opportunities. Both training and software services were significantly impacted by the IT slowdown. However the institutional training market has shown encouraging growth. In software services, we have strengthened our position in financial services, government services and enterprise applications. Through the year, we have removed slack and improved organizational efficiencies, and I believe we are well prepared to take advantage of emerging opportunities".
Amarjothi Spinning Mills Board recommends dividend at 7%
Amarjothi Spinning Mills Ltd has informed BSE that at the meeting of the Board of Directors of the Company held on Friday the board recommended a dividend at 7% on the equity share capital of Rs 67500000 subject to approval in the AGM which will be held on September 30, 2002.
Tomas Dyrbye resigns from the Board of Disa India
Disa India Ltd has informed BSE that Mr Tomas Dyrbye has ceased to be the Director on the Board of the Company effective on Friday upon relocation.
Morgan Industries Board approves preferential issue of equity shares
Morgan Industries Ltd has informed BSE that the Board of Directors of the company at its meeting held on August 22, 2002 approved the preferential issue of 5000000 equity shares at a face value of Rs 10 each aggregating to Rs 50 million at par to the promoters and associates subject to the approval of the shareholders in AGM and consent/approval from SEBI and other appropriate authorities if any.
Arvind Mills FY-02 revised results
Arvind Mills Ltd has posted a net profit of Rs 202.60 million for Financial Year ended March 31, 2002 (comprising of 6 months) as compared to a net loss of Rs 4994.80 million for Financial Year ended September 30, 2001 (comprising of 18 months). The net sales for the financial year ended March 31, 2002 is at Rs 7134 million whereas the same is at Rs 18756.40 million for financial year ended September 30, 2001.
Earlier the company had informed that it has posted a net profit of Rs 202.60 million for Financial Year ended March 31, 2002 (comprising of 6 months) as compared to a net loss of Rs 4994.80 million for Financial Year ended September 30, 2001 (comprising of 18 months). The net sales for the financial year ended March 31, 2002 is at Rs 7134 million whereas the same is at Rs 18771.50 million for financial year ended September 30, 2001.
Vintage Cards approves issue of shares on preferential basis
The Board of Directors of Vintage Cards & Creations Ltd at its meeting held on Friday approved making a preferential allotment to the promoters, Hallmark Cards Inc USA and other business associates.
Vipin Malik resigns from Directorship of Agee Gold Refineries
Agee Gold Refiners Ltd has informed BSE that Mr Vipin Malik, Director of the Company and Chairman of the audit committee has resigned as a Director of the Company w e f August 21, 2002.
Satyam campus at Hyderabad welcomes Intel CEO Craig Barrett
Satyam Computer Services Ltd Campus on Friday hosted a visit by Intel Corporation Chief Executive Officer Dr . Craig Barrett, who met with Chairman Mr Ramalinga Raju and several senior executives during a two day visit to India.
Satyam and Intel recently announced the opening of their ebusiness solutions lab, which facilitates product evaluation, experimentation and benchmarking on Intel ® based platforms and architectures. The lab is unique for its focus on business transformation frameworks, managed security solutions and wireless solutions.
Sterlite Industries Board recommends dividend
The Board of Directors of Sterlite Industries India Ltd at its meeting held on Friday has recommended payment of a dividend of Rs 4.75 per equity share of the face value of Rs 5 each for the nine month period ended March 31, 2002. The Share Transfer Books and the Register of Members shall remain closed from September 26, 2002 to September 28, 2002 (both days inclusive) for the purpose of payment of dividend to the shareholders.
Interworld.Com Board to consider issue of shares on rights basis
Interworld.Com Ltd has informed BSE that a meeting of the Board of Directors of the Company would be held on September 05, 2002 to consider the following agenda:
To consider issue of preferential allotment of shares
To consider issue of shares on rights basis.
To increase the authorised capital.
LIC Housing Finance signs deed of assignment to take over Individual Housing Loan portfolio of CitiBank N A
LIC Housing Finance Ltd has informed BSE that the Company has signed on Friday deed of assignment to take over of individual housing loan portfolio of Citibank N A of Rs 2010 million (approx).
Arvind Mills FY-02 net at Rs 202.60 million
Arvind Mills Ltd has posted a net profit of Rs 202.60 million for Financial Year ended March 31, 2002 (comprising of 6 months) as compared to a net loss of Rs 4994.80 million for Financial Year ended September 30, 2001 (comprising of 18 months). The net sales for the financial year ended March 31, 2002 is at Rs 7134 million whereas the same is at Rs 18771.50 million for financial year ended September 30, 2001.
SSI FY-02 consolidated results
SSI Ltd has posted a consolidated net loss of Rs 186.40 million for JQ-02. The consolidated total revenue for JQ-02 is at Rs 912.40 million. The consolidated profits for FY-02 is at Rs 423.90 million. The consolidated total revenue for FY-02 is at Rs 3883.20 million.
Commenting on the results, Kalpathi S. Suresh, Chairman and CEO, SSI Ltd said: " This has been a year of challenges and opportunities. Both training and software services were significantly impacted by the IT slowdown. However the institutional training market has shown encouraging growth. In software services, we have strengthened our position in financial services, government services and enterprise applications. Through the year, we have removed slack and improved organizational efficiencies, and I believe we are well prepared to take advantage of emerging opportunities".
A V Singh ceases to be a Director of National Fertilizers
National Fertilizers Ltd has informed BSE that Mr A V Singh ceases to be a Director of the company w e f August 14, 2002.
HCL Tech Q4 net down by 16.90%, FY-02 net down by 5.82%
HCL Technologies Ltd has posted a net profit of Rs 907.10 million for the quarter ended June 30, 2002 as compared to Rs 1091.60 million in JQ-01. Total Income has decreased from Rs 2229.30 million in JQ-01 to Rs 2089 million in the quarter ended June 30, 2002.
The company has posted a net profit of Rs 4019.50 million for the year ended June 30, 2002 as compared to Rs 4267.80 million in the year ended June 30, 2001. Total Income has increased from Rs 8331.30 million in FY-01 to Rs 8565.60 million in the year ended June 30, 2002.
The Board has recommended a dividend of 75% (Rs 1.50 per share on every share of Rs 2 each) for the year ended June 30, 2002.
HCL Tech announces FY-02 results as per US GAAP
HCL Technologies Ltd has posted consolidated gross revenues of Rs 16292.70 million for the year ended June 30, 2002 as compared to Rs 14050.90 million in the year ended June 30, 2001. Consolidated Net Income for the year ended June 30, 2002 is at Rs 4861.20 million as compared to Rs 4882.80 million in FY-01.
Commenting on the Company's performance, Mr Shiv Nadar, Chairman, President and CEO, HCL Technologies said:
"HCL Technologies has weathered these challenging times well and efforts towards rebalancing the portfolio and repositioning the Company to exploit emerging opportunities are underway. Investments made this year have provided us additional platforms of growth. Early signs augur well for the future"
Archies Greetings & Gifts clarifies on news item
With reference to a news item appearing in a leading financial daily titled "Archies under ITC fold?" Archies Greetings & Gifts Ltd has informed BSE that the news is speculative in nature and they have nothing more to add to it.
SSI Q4 net profit at Rs 11.78 million, FY-02 net profit at Rs 97.49 million
SSI Ltd has posted a net profit of Rs 11.78 million for the quarter ended June 30, 2002 as compared to a net loss of Rs 144.68 million in JQ-01. Total Income has decreased from Rs 1040.73 million in JQ-01 to Rs 604.17 million in the quarter ended June 30, 2002.
The company has posted a net profit of Rs 97.49 million for the year ended June 30, 2002 as compared to Rs 558.02 million in the year ended June 30, 2001. Total Income has decreased from Rs 4466.15 million in FY-01 to Rs 2850.49 million in the year ended June 30, 2002.
During FY-01 the company had made provision for extra-ordinary and non recurring items of Rs 227.80 million and during the current year ended June 30, 2002 the company has made a provision of Rs 17.74 million towards extra-ordinary and non-recurring items.
