|
May 6, 2000
Books
Columnists
Indian Tax
Insurance
Interview
Mutual Funds
NRI Tax
Personal Finance
Personal Banking
Real Estate
Stocks
|
| ITIL allots 0.036% of equity to GIC at Rs 2135 per share
|
| Information Technologies India Ltd has allotted by way of private placement 25000 equity shares of Rs 10/- each constituting 0.036% of enhanced equity capital of the company at a price of Rs 2135 per share to General Insurance Corporation of India (GIC) on preferential basis in accordance with SEBI guidelines as applicable. With this the total paid up capital of the Company has increased to Rs 694.86 million.
|
| Tamil Telecom FY 2000 net up by 31% at Rs 24.32 million
|
| Tamil Telecommunications Ltd has announced a net profit of Rs 24.32 million on a turnover of Rs 544.51 million for the financial year ending on March 31, 2000. This represents a 30.87% rise in profits for the year over the same period in FY 99 (Rs 18.59 million). The turnover for the year was 43.08 % higher at Rs 544.51 million as against Rs 380.55 million in FY 1999. The results for the current year include operational results of OFC cable factory from 1st Dec 1999. For the quarter ended March 31, 2000 the company has recorded a net profit of Rs 3.08 million as against Rs 1.07 million in MQ 99. The sales for the quarter ended March31, 2000 is 44.27 % higher at Rs 188.50 million as compared to Rs 130.66 million in MQ 99. The depreciation charges for the quarter was also higher at Rs 12.20 million (MQ 99 Rs 8.80 million).
|
| Paramount Communications gets National ISP licence
|
Paramount Communications Ltd has received a National ISP license from the department of Telecom. Paramount's entry into the Internet service has already been approved by the shareholders at its EGM held recently. The company plans to roll out its Internet service in 8 metropolitan cities within next 4 months. The thrust areas for network expansion of Paramounts's Internet service shall be the comparatively smaller commercial and industrial towns dotting the country where, in most cases, either the Internet is not available or quality of service is not of the desired level. Paramount is considering alliances and tie-ups with various foreign and domestic IT players.
Paramount also announced its plans to enter into turnkey telecom cabling solutions business to fully leverage its vast experience of more than 20 years in the telecom sector and the comprehensive range of cables for telecom sector offered by the company.
|
| Seven Scrips to be shifted from Z Group to B-2 group
|
The Bombay Stock Exchange has decided to shift seven scrips from the Z group to B-2 group w.e.f May 8, 2000
1) Bhuvan Tripura Industries Limited (Scrip Code 24725)
2) BMB Music & Magnetics Limited (Scrip Code 31420)
3) Digital World India Limited (Scrip Code 17348)
4) Nilchem Industries Limited (Scrip Code 26905)
5) Rich Capital And Finance Services Limited (Scrip Code 30271)
6) SGN Cable Industries Limited (Scrip Code 31812)
7) Sharp Trading & Finance Limited (Scrip Code 12417)
|
| Apar Industries to close down Vadodara unit
|
| Apar Industries Ltd has decided to consolidate the business of its conductor division at one location by transferring all the business activities of Vadodara unit to Bahutha unit gradually. This decision has been taken in view of the sanctions from World Bank/UN which has affected the order position for the conductor division. Due to volatility in the orders for conductors, the company has decided to run only one factory of conductors division with maximum utilisation of production capacity. |
RISC
Tell us what you think of this feature
|
