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May 4, 2000
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| HFCL MQ 2000 net profit up by 199%, operating revenue rise 21%, annual profit up by 138% |
| Himachal Futuristic Communications Ltd has reported a net profit of Rs 307.12 million for the quarter ended March 31, 2000 as against Rs 102.67 million in MQ 99. The sales are up by 21.04 % at Rs 1898.63 million. Other income is Rs 139.10 million (MQ 99 Rs 46.57 million). The interest charges for the quarter were Rs 60.58 million higher at Rs 189.62 million in MQ 2000 as against Rs 129.04 million in MQ 99. The profits for the year ended March 31, 2000 are Rs 856.05 million, as compared to Rs 359.48 million in the previous financial year. The annual sales are 44.27 % up at Rs 5656.95 million as against Rs 3921.14 million in the financial year ending March 1999. On the equity capital of Rs 716.53 million the company has reported an EPS of Rs 9.97 for the year ending on March 31, 2000. The reserves of the company as on date of year-end stood at Rs 11333.32 million. |
| Womaninfoline.com acquires 50% equity stake in IndianAstrology.com
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Through a press release issued by M Womeninfoline.com Ltd (formerly Mudra Consultants Ltd) has informed that the Board of Directors of the company has approved the company's plan to acquire 50% equity stake in the astrology Major "IndianAstrology.com", a web portal developed by M/s Future Point Pvt. Ltd, a pioneer in the field of Astrology.
The company (Future Point) was floated in 1985 and has more than 3000 centers across the country and abroad. The company has the privilege of 90% of the market share in computer astrology. The company also publishes the popular astrology magazine "Future Samachar" and has published an all-India Astrologers Directory and Delhi Astrologers Directory containing over 10,000 references of astrologers, the press release added.
The jointly promoted astrology portal will be equipped with state of the art astrology software. This portal would be capable of making online predictions on the basis of Astrology, Numerology and Palmistry as well. Main attraction will be day to day or life predictions in graphical form.
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| Fujitsu ICIM MQ 2000 net profit at Rs. 8.20 million, other income Rs. 20 million
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Fujitsu ICIM Ltd has posted a net profit growth of 51.85% at Rs. 8.20 million for the quarter ended March 31, 2000 as against Rs. 5.40 million in MQ 99. The company recorded other income of Rs 20/-million (MQ99 Rs 12.10 million) which includes in the main, the dividend received from the Company's subsidiary, Zensar Technologies Limited. No dividend was received during the quarter ended 31st March, 1999. Zensar Technologies Ltd, in which Fujitsu ICIM holds 74.9% of equity capital, is not listed on any stock exchange.
Zensar Technologies Ltd has recorded a net profit of Rs 77.40 million for the quarter ended March 31, 2000 as against Rs. 60.90 million in MQ 99. The sales are up by 36.88% at Rs. 581.20 million (MQ 99 Rs. 424.60 million). Other income is Rs 2.40 million (MQ99 Rs 4.20 million). The profits for the year ended March 31, 2000 are Rs. 175.70 million, as compared to Rs. 258.50 million in the previous financial year. The annual sales are 29.74% up at Rs. 1866.20 million as against Rs. 1438.40 million in the financial year ending March 1999.
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| Hughes Software Systems Board approves 2:1 stock split
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| The Board of Directors of Hughes Software Systems Ltd in their meeting held on May 4, 2000, approved a stock split of equity shares in the ratio of 2:1 i.e. a sub-division of each existing fully paid up equity share of face value Rs. 10/- into two fully paid up equity shares of face value of Rs. 5/-per share. The decision is subject to the approval of the shareholders.
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| Karuturi.com MQ 2000 net profit at Rs. 1.14 million
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| Karuturi.com Ltd has recorded a net profit growth of 256.88% at Rs. 1.14 million for the quarter ended March 31, 2000 as against Rs. 0.32 million in MQ 99. The sales are up by 61.51% at Rs. 8.05 million (MQ 99 Rs.4.98 million). Other income is Rs 1.57 million as compared to Rs. 1.31million in MQ99. The profits for the year ended March 31, 2000 are Rs. 4.29 million.(FY 99 Rs. 0.83 million). The annual sales are 35.43% higher at Rs. 21.24 million as against Rs. 15.68 million in the financial year ending March 1999.
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| Hindustan Composites net profit for FY 2000 up 30.77% at Rs. 10.20 million |
| Hindustan Composites Ltd has recorded a net profit of Rs. 10.20 million for the year ended March 31, 2000 as against Rs. 7.80 million in FY99. The annual sales are marginally higher by 6.21% at Rs. 590.10 million as compared to Rs. 555.60 million in the financial year ending March 1999. Other income in FY 2000 stood at Rs. 7.70 million (FY 99 Rs. 5/- million). On the paid up equity share capital of Rs. 55/- million, the company has reported a growth in EPS from Rs. 4.27 in FY 99 to Rs. 5.58 in FY 2000. The Board of Directors of Hindustan Composites Ltd has recommended a dividend of 10%.
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| BSE advises members not to deal in 29 companies
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The BSE has advised members against dealing in 29 companies, w.e.f. May 8, 2000 until further notice which have not complied with Clause 16 of the Listing Agreement relating to the disclosure of their Book-Closure/Record Dates to the Exchange.
Agarwal Holdings Ltd.
Amity Agro Products Ltd.
Bagade India Engineering Ltd.
Balaji Amines Ltd.
Betex India Ltd.
Blue Blends Petrochemicals Ltd.
Cellulose& Chemicals Ltd.
Century Twentyfirst Portfolio Ltd.
City-Man Clothings (India) Ltd.
Crystal Cable Industries Ltd.
DCM Financial Services Ltd.
Daga Leasing & Finance Ltd.
Dahyabhai Sons Ltd.
Dairyfield Ltd.
Deora Polytex Ltd.
Duropack Ltd
Elbee Services Ltd.
Electrex (India) Ltd.
Ellora Paper Mills Ltd.
Essen Supplements India Ltd.
Expo Gas Containers Ltd.
FairDeal Trade Link Ltd.
Gazi Financial Services And Investments Ltd.
Gordon Woodroffe Ltd.
Gujarat Steel Tubes Ltd.
Harijay Industries Ltd.
Harsh Polymers (India) Ltd.
Hitechi Jewellery Industries Ltd.
Yashasvee Securites Ltd.
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| Digital India bags 3 new business orders worth over Rs. 200 million
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Digital Equipment (India) Ltd announced on May 4, 2000 that it has signed contracts worth over Rs.200 million with three leading global companies, including Compaq Computer Corporation and two large Japanese transnational companies.
The contract with Compaq extends to the areas of Supply Chain Management, Enterprise Solutions and Internet Technologies. Digital India will be responsible for maintaining several of Compaq's critical mission applications all over the world.
Additionally, in its attempt to build an independent, non-Compaq customer base, Digital India has signed deals with two Japanese organisations. The projects bagged would deal with semiconductor technology and web-development strategies respectively.
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| Khoday India to consider amalgamation of Manaylux Paper
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| Khoday India Ltd has informed that in the meeting of its equity shareholders scheduled on May 20,2000 it would seek approval for the scheme of amalgamation of Manaylux Paper & Boards Pvt. Ltd. with the company.
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| Aimco Pesticides to acquire 50% stake in software company
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| Aimco Pesticides Ltd has decided to acquire upto 50% of the equity share capital of Hibiscus Net Pvt. Ltd. which is engaged in the business of design and development of software, intranet application development and e-commerce.
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