|
May 8, 2000
Books
Columnists
Indian Tax
Insurance
Interview
Mutual Funds
NRI Tax
Personal Finance
Personal Banking
Real Estate
Stocks
|
| Syndicate Bank declares 14% dividend for 1999-2000, Annual results on May 14
|
| The Syndicate Bank has declared an dividend of 14% for the financial year 1999-2000. The dividend shall be payable to the shareholders whose names appear on the register of members of as on May 16, 2000. The Board meeting that was earlier scheduled to be held on May 5, 2000 and was postponed is now scheduled to be held on May 14, 2000 to consider the annual financial accounts of the Bank for the year ended March 31, 2000.
|
| Hikal Chemical to consider Bonus Issue, ESOP, Annual results on May 12, 2000
|
| The Board of Directors of Hikal Chemical Industries Ltd will meet on May 12, 2000 to consider the Audited Financial results for the year ended March 31, 2000 and for declaration of dividend. The company has informed the BSE that at the meeting, the Board will also consider the issue of Bonus shares and the issue of shares under employee stock option scheme.
|
| Wipro at number 352 among World's Top 500 Companies, Infosys at no. 450, Hindustan Lever at no. 497
|
In FT 500, the Financial Times survey of the worlds top 500 Companies based on market capitalisation , Wipro has been ranked number 352 with a market cap of $ 15.9 billion as on January 4, 2000.
The no 1 slot went to Microsoft ($ 586 billion) followed by General Electric ($ 474 billion). Among Asian Companies in FT 500, Wipro ($15.9 billion) is listed as no. 20 when China Telecom (Hong Kong) with $ 82 billion was no. 1 as on January 4, 2000. The other two Indian companies in the FT 500 list are Infosys ($12.4 billion) ranked at no. 450 and Hindustan Lever ($1.4 billion) ranked at no. 497.
The above details have been taken from a press release issued by Wipro Corporation.
|
| Vardhman MQ 2000 net profit up by 57.72%
|
| Vardhman Spinning & General Mills Ltd has reported a net profit of Rs. 62.30 million for the quarter ended March 31, 2000 as against Rs. 39.50 million in MQ 99. The sales are up by 8.24 % at Rs 1068/- million (MQ 99 Rs. 986.70 million) Other income is Rs. (6.10) million (MQ 99 Rs. 3.60 million). The profits for the year ended March 31, 2000 are Rs. 326.30 million, as compared to Rs. 308.10 million in the previous financial year, an increase of 5.91%. The annual sales are marginally higher by 6.64% at Rs. 4260.10 million as against Rs. 3994.90 million for the financial year ending March 1999. On the equity capital of Rs.159.5 million, the company has reported an EPS of Rs. 20.46 per share for FY 2000(FY 99 Rs. 19.32). |
| HEG FY 2000 net profit at Rs 303.90 million
|
| HEG Ltd has reported a net profit of Rs. 303.90 million for the year ended March 31, 2000 as against Rs. 361.60 million in FY 99, a decline of 15.96%. The sales are marginally higher by 9.34% at Rs 4659.30 million (FY 99 Rs. 4261.20 million). Other income is Rs. 62.80 million (FY 99 Rs. 153.90 million). On the paid up equity capital of Rs. 403.1 million, the company has reported a basic and diluted earnings per share of Rs. 7.22 per share as compared to Rs. 8.80 for the year ended March 31, 1999. |
| EID Parry FY 2000 net profit at Rs. 539 million
|
| EID Parry (India) Ltd has reported a growth of 14.39% in net profit at Rs. 539/- million for the year ended March 31, 2000 as against Rs. 471.20 million in FY 99. The sales have gone up by 13.92% to Rs. 11156.70 million. Other income is Rs. 189.80 million (FY 99 Rs. 92.10 million). On the paid up equity share capital of Rs. 178.1 million, the company has reported a rise in EPS from Rs. 24.78 per share in FY 99 to Rs. 28.65 per share in FY 2000. |
| Prism Cement FY 2000 net loss at Rs 278.6 million
|
| Prism Cement Ltd has reported a net loss of Rs 278.6 million for the year ended March 31, 2000 as against Rs.311.1million in FY 99. The sales are up by 20.80 % at Rs 3500.60 million as against Rs 2897.9 million for FY 99. Other income is Rs 1.50 million (FY 99 Rs. 0.90 million). |
| Gabriel India FY 2000 net profit at Rs. 26.70 million
|
| Gabriel India Ltd has announced a net profit of Rs. 26.70 million for the year ended March 31, 2000 as against a loss of Rs. 18.90 million in FY 99. The sales are up by 17.66 % at Rs 2442.80 million (FY 1999 Rs. 2076.20 million). Other income is Rs. 43.10 million (FY 99 Rs. 50.40 million). The interest charges for FY 2000 have declined to Rs. 207.9 million from Rs. 224.8 million in FY 1999. On the paid up equity share capital of Rs. 71.3 million, the company has reported an EPS Rs. 3.70 per share. |
| Orient Cerlane MQ 2000 net profit up 43.33%
|
| Orient Cerlane Ltd (formerly Orient Cerwool Ltd) has reported a net profit of Rs 8.60 million for the quarter ended March 31, 2000 as against Rs 6/- million in MQ 99. The MQ 2000 sales are up by 10.86% at Rs 49/-million. Other income is Rs 2.90 million (MQ 99 Rs 3.90 million). The profits for the year ended March 31, 2000 are Rs 31.60 million, as compared to Rs 21.60 million in the previous financial year, an increase of 46.30%. The annual sales are 21.93 % up at Rs 191.80 million as against Rs 157.3 million in the financial year ending March 1999. |
| Bank of Madura FY 2000 net profit up by 51.28%
|
| Bank of Madura Ltd has reported a net profit of Rs 455.8 million for the financial year ended March 31,2000 as compared to Rs 301.3million in the previous financial year, an increase of 51.28%. The annual interest income is 14.54 % up at Rs 3702.1 million as against Rs 3232.1 million in the financial year ending March 1999. Other income for FY 2000 is Rs 987.2 million as against Rs 985.7 million for FY 99.The Board of Directors of have recommended a dividend of 55%(Rs 5.50 per share) including an interim dividend of 45% for the year ended March 31, 2000 subject to the approval of Reserve Bank of India. |
| BSE suspends trading in 19 scrips |
The BSE has informed its members that pursuant to the SEBI Directive, trading in the equity shares of the following companies will be suspended w.e.f. Monday, May 8, 2000 since these companies have not yet signed agreements with NSDL and/or CDSL even though their scrips are mandated for compulsory dematerialised trading.
A list of the companies is as follows.
1. Apex Intertech
2. ATCO Technologies
3. CIFCO Finance
4. Corcomp Infosystems
5. Enrich Industries
6. Innovation International Exim
7. Lalbhai Finance
8. Leafin India
9. Lyons Industries
10. Majestic Securities
11. Odyssey Video
12. Onida Finance
13. Pittie Finance
14. Platinum Finance
15. Premium International Finance
16. Proline Software & Finance
17. Raunaq Finance
18. Shalibhadra Infosec
19. Gujarat Capital
|
| Sakthi Sugars to consider private placement of equity shares
|
The Board of Directors of Sakthi Sugars Ltd. has decided to issue 1,41,00,000 equity shares on private placement basis to the promoters and/or to companies belonging to promoters group or such other person(s) intending to subscribe to the equity shares of the company.
Additionally, the company will hive off its Soya Division into a wholly owned subsidiary. For this purpose, the EGM of the company is scheduled to be held on May 15, 2000.
|
| Mudra Consultants takes stake in astrology portal
|
| Mudra Consultants Ltd (Womeninfoline.com) has taken a 50% equity stake in the astrology portal of Future Point Pvt. Ltd., www.indianastrology.com.
|
RISC
Tell us what you think of this feature
|
