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Thomas Cook net profit skids 9.36%, sales rise 14.03%

Thomas Cook (India) Ltd has reported net profit of Rs 29.14 million on a turnover of Rs 203.9 million for the quarter ended June 30, 2000. The corresponding figures of net profit and sales in the June quarter 1999 were Rs 32.15 million and Rs 178.82 million respectively. The company amortized a setting up cost of Rs 4.32 million during the quarter, which if excluded would have lead to a profit of Rs 33.46 million representing a growth of 4.07% over the JQ 99's figures. The company opened its first overseas unit in Mauritius-Thomas Cook (Mauritius) Holding Company Ltd, a wholly owned subsidiary. It has subscribed to 2.5% strategic partner equity stake in bid or buy.com, a virtual online auction site. The company is in advanced stage of negotiation to acquire the business of Travel Corporation (India) Ltd. The deal is subject to satisfactory due diligence and necessary approvals.

Hind Oil Exploration Q1 net profit up by 64.79%

Hindustan Oil Exploration Company Ltd has posted a net profit of Rs 34.74 million for the quarter ended June 30, 2000 as compared to Rs 21.08 million in JQ 99. The net sales for the quarter ended June 30, 2000 are up by 14.06% at Rs 111.58 million.Other income for the quarter ended June 30, 2000 is at Rs 23.45 million as compared to Rs 22.90 million in JQ 99. Government has encashed the Performance Bank Guarantee of Rs 101.49 Lacs for PG Block abandoned by consortium under the force majcure clause of Production Sharing Contract. Government has also raised an additional demand of Rs 929.51 Lacs together with interest thereon. The Company has been adviced legally that the said action of the Government are not justified. The Company has initiated legal proceeding as per the provisions of PSC in this matter. Pending the outcome of this, no provision has been made in this regard.

BLB Ltd Q1 net profit up by 163.42%, operating income up by 70.47%

BLB Ltd has announced a net profit of Rs 110.9 million as against a net profit of Rs 42.1 million in JQ 99. The operating income for the quarter was Rs 1720.2 million, reflecting a growth of 70.47% over Rs 1009.1 million recorded in JQ 99. The company provided Rs 53.8 million for tax that is 101.5% higher than 26.7 million provided in JQ 99. During the quarter your Company has acquired 30,000 shares of Himachal Futuristic Communication Ltd, as investment a cost of Rs 31.50 million. These are held as Investment apart from other Investments.

Hind Oil Exploration Q1 net profit up by 64.79%

Hindustan Oil Exploration Company Ltd has posted a net profit of Rs 34.74 million for the quarter ended June 30, 2000 as compared to Rs 21.08 million in JQ 99. The net sales for the quarter ended June 30, 2000 are up by 14.06% at Rs 111.58 million.Other income for the quarter ended June 30, 2000 is at Rs 23.45 million as compared to Rs 22.90 million in JQ 99. Government has encashed the Performance Bank Guarantee of Rs 101.49 Lacs for PG Block abandoned by consortium under the force majcure clause of Production Sharing Contract. Government has also raised an additional demand of Rs 929.51 Lacs together with interest thereon. The Company has been adviced legally that the said action of the Government are not justified. The Company has initiated legal proceeding as per the provisions of PSC in this matter. Pending the outcome of this, no provision has been made in this regard.

TISCO Q1 net profit rises 309%, sales up by 21.08%

Tata Iron & Steel Company Ltd has reported a net profit of Rs 1.01 billion for the quarter ended June 30, 2000 as against Rs 247.9 million in JQ 99. The sales for the quarter ended June 30, 2000 were Rs 17.28 billion, a growth of 21.08% over the same period in the last year. The operating profit was Rs 3.58 billion representing a growth of 51.38% compared to Rs 2.36 billion in JQ 99. The interest expenditure for the quarter increased 20% from Rs 858.4 million to Rs 1.03 billion in JQ 2000. The company sold 742,224 tons as against a production of 834,906 tons in JQ 2000. The production and sale for JQ 99 was 748,253 tons and 566,662 tons respectively. The Board of Directors of the company at its meeting held on July 19, 2000 approved the appointments. Dr. T. Mukherjee Executive Director - (Operations) Mr. B. Muthuraman Executive Director - (Special Projects) Mr. A.N. Singh Executive Director - (Town, Medical & Social Services) Mr. F.A. Vandrevala Executive Director - (Marketing & Sales)

Arlem Breweries Q1 net loss at Rs 5.31 million, sales at Rs 53.03 million

Arlem Breweries Ltd has incurred a net loss of Rs 5.31 million for the quarter ended June 30, 2000 as against a loss of Rs 1.34 million in JQ 99. The sales declined 13.36% from Rs 53.03 million in JQ 99 to Rs 45.94 million in JQ 2000. The other income for the quarter was Rs 1.02 million (JQ 99 Rs 2.41 million).

Pentamedia Graphics launches entertainment portal

Pentamedia Graphics Ltd., the entertainment graphic major addressed the fourth estate today on numty.com, the pioneering Internet broadcasting venture of the Company targeted at non-resident Indians across the globe. Numtv.com hit the commercial stands on the 15th July, 2000. The primary objective of numtv.com is to bring India in all its colors to the viewers at their leisure. Being rich and replete in content and technology, Pentamedia Graphics has been, for quite some time, exploring the high potential Internet broadcasting market. Inspite of bandwidth and procedural limitations the Companys unflinching efforts have now paved way for the launch of numtv.com. The AUDIO/VIDEO compression techniques of the Company that has been put to use for the transit of its entertainment material from Hollywood to India now comes handy for this Internet broadcasting venture. High quality output, longer hours of broadcasting, leisure-recall facility to name a few are the salient and intrinsic factors of numtv.com. With servers (of HP, SGI Singapore Telecom) installed across the globe a team of 200 dedicated professionals and the digital infrastructure in place, the same kind of set-up would easily cost around USD $ 40-50 million. SONY ENTERTAINMENT TV, SONY MAX, CNBC INDIA, SUN TV, GEMINI TV, UDAYA TV, SURYA TV, RAJ TV, RAJ DIGITAL PLUS to name a few are the strategic partners of www.numtv.com. The marketing front of numtv.com is being activated at the US and Europe. Numtv.com is targeted mainly at the NRIs (non-resident Indians) living in USA, UK, Europe, Middle East, Africa, Australia and Singapore who are unable to enjoy the best of the entertainment programs from India. With the imminent Internet explosion in India, a sizable audience is anticipated for the various special interest channels which forms part of the numtv.com program bouquet. The initial response is extremely favorable with an average of 20,00,000 page views per day by more than 1,35,000 registered users from all over the world. Numtv.com can be accessed through the Internet at the URL: www.numtv.com. Numtv.com now has a registered viewer base of 1,35,000 viewers and is on commercial run from the 15th of July. Apart from a subscription fee of USD $9.75, US$8.75 & US$7.75 (monthly, half-yearly & Annually respectively), advertisement/ commercial slots will bring in the revenue for the same. For this fee, apart from the live television, the viewer gets to watch NUM FILMS that comprise of multilingual movies, shooting spot, movie reviews, cine masala, trailers and interviews. Dr.V. Chandrasekaran, the Chairman & CEO of Pentamedia Graphics Ltd., said. "This is indeed a pioneering venture, but I am excited about the uniqueness of numtv.com. Yes, for the first time, viewers will not be forced to change their life habits according to the entertainment available to them, they can recall it at any point in time. Entertainment, Edutainment and Infotaiment Customized! Numtv.com is more than an internet broadcasting venture, it is more than an entertainment portal - it is the worlds ENTERTAINMENT GATEWAY."

Infosys to expand its strategic relationship with IKON

Infosys Technologies Ltd a leading consulting firm and IKON Office Solutions an industry leader in business communications technologies and services announced the enhancement of their very successful relationship and strategic partnership. Historically, Infosys has played a central role in the implementation of IKON's IT strategy and infrastructure. The expanded relationship valued at several million dollars per year is directly tied to helping IKON to accelerate the realization of business benefits in the areas of customer relationship management sales force empowerment supply chain integration and human resource management. IKON office solution provides 400000 customers with total business solutions for every office production and outsourcing need. IKON ended its fiscal 1999 with revenues of $5.5 billion. IKON is transitioning to a highly distributed e- company with sales and services organizations empowered by Web-delivered tools. The company is investing in the technologies that both enable IKON employees to be more productive and facilitate a customer centric view of the company. "Infosys has been engaged and is playing a very significant role- in virtually every systems initiative we have underway," stated David Gadra Senior Vice President and CIO IKON Office Solutions. We appreciate the confidence that IKON has shown in Infosys and our ability to meet the needs of such a dynamic and exciting company. remarked Phaneesh Murthy Senior Vice President of Sales & Marketing for Infosys In its never -ending pursuit of excellence and with an emphasis on world-class customer care and support.

R S Software net profit rises 42.45%, revenues up by 45.71%

R S Software (India) Ltd has reported a growth of 42.45% in net profit and a 45.71% growth in the revenues for the quarter ended June 30, 2000. The company reported a net profit of Rs 27.39 million on a turnover of Rs 187.51 million as against a profit of Rs 19.23 million earned in the same period last year on a turnover of Rs 128.68 million. The Employee cost has correspondingly increased 52.76% from Rs 71.04 million in JQ99 to Rs 108.52 million in JQ 2000. Interest expenditure was also higher at Rs 6.67 million as against Rs 3.79 million in JQ 99. The Company has achieved global benchmarking in the area of best quality practices, accredition Level 4 of Software Engineering Institute (SEI), Capability Maturity Model (CMM) as certified by KPMG.

Satyam Computer fixes Record date for stock split

Satyam Computer Services Ltd has fixed August 25, 2000, as the Record Date for the purpose of reduction in the par value of its equity shares from Rs.10/- per share to Rs.2/- per share.

BSE imposes special margin on Lippi Systems

BSE has imposed Special Margin in the under mentioned scrip as mentioned alongside with effect from Wednesday, July 19, 2000. Sr No Scrip Code Scrip Name Scrip Group Special Margin Per Share (%) 1. 26604 LIPPI SYSTEMS LTD B2 25%

TV18 nine months revenues at Rs 261.63 million, PAT at Rs 99.48 million

Television Eighteen India Ltd has reported a net profit of Rs 99.48 million on revenues of Rs 261.63 million for the nine months ended June 30, 2000 (excluding extraordinary income). The reported nine months profit after tax (PAT) is nearly 2.5 times that of full year 1998-99. The nine months financial performance is close to the full year projections set out in the IPO prospectus. The company has pre-paid loans of Rs 71.5 million that will further reduce the interest costs. For the quarter ended June 30, 2000 the company generated operating revenues worth Rs 89.70 million and other income of Rs 5.98 million. The company incurred expenditure of Rs 48.96 million and charged depreciation of Rs 2.36 million. The interest expenditure for the quarter was Rs 4.72 million and extraordinary expenditure was Rs 1.67 million. The net profit for the quarter after all the above expenditure and charges was Rs 36.91 million. The company's wholly subsidiary Television Eighteen Mauritius Ltd has incurred a loss of Rs US$ 121 thousand for the quarter ended June 30, 2000. The total loss for the nine month ended June 30, 2000 is US$ 334 thousand (Provisional). CNBC India has created a strong brand and an excellent response. The channel has now planned two more studios in Mumbai is enhancing the programming infrastructure and its anchor team. The company has been able to increase the new advertisers on the channel and the advertisement rates have also increased by over 4 times since December 1999. New programs on Future Stock, Stock View, Mutual Funds etc… are also on the anvil.

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