Blue Dart Q3 net up by 72.68%

Blue Dart Express Ltd has reported a net profit of Rs 70.80 million in the quarter ended December 31, 2000 as compared to Rs 41/-million in the quarter ended December 31, 99. Total Income rose by 24.05%, at Rs. 667.90 million in DQ 2000 as against Rs 538.40 million in DQ 99. The company's wholly owned subsidiary Blue Dart Aviation Limited has recorded a profit for the third quarter of the current year. The Company's wholly owned subsidiary has reimported its 3rd Aircraft, after conversion into Cargo role, as part of its expansion drive and fleet enhancement plan in the month of January, in support of market demand and the Infrastructural need of the country. The entire payload of the Aircraft has been chartered by Blue Dart Express Ltd.

ICICI Bank Q3 net up by 43.31%

ICICI Bank Ltd has reported a net profit of Rs. 405/- million in the quarter ended December 31, 2000 as against Rs. 282.60 million in the quarter ended December 31, 1999. Interest Income stood at Rs 3021/- million in DQ 2000 as compared to Rs 2055/- million in DQ 99, up by 47%. Other Operating Income for the quarter ended December 31, 2000 is Rs. 550.50 million as compared to Rs 491.50 million in the same quarter for the previous fiscal. The shareholders of the Bank at their Extra-Ordinary General Meeting held on January 19, 2001 have approved the Scheme of Amalgamation of Bank of Madura Ltd with the Bank by the requisite majority. The merger is however subject to the approval of the Reserve Bank of India and such other authorities as may be required.

Heritage Packaging Board to consider amalgamation of Ceejay Finance

The Board of Directors of Heritage Packaging Ltd have decided in the Board meeting to consider the scheme of Amalgamation of Ceejay Finance Ltd with Heritage Packaging Ltd. The Board has also decided to obtain professional opinion on fair exchange ratio and other organization plans. Both the Companies have appointed Mr. Kantilal Patel & Co, a renowned Chartered Accountant firm for this purpose, and Mr. Saurabh Soparkar as Advocate for the same. The Board of Directors shall meet on January 30, 2001 to consider the exchange ratio and reorganisation plan for amalgamation.

Dr Reddy terminates partnership with Schein Pharmaceuticals Inc.

Dr Reddy Laboratories Ltd has announced that it has terminated its strategic relationship with Schein Pharmaceutical Inc of the United States. Dr Reddy's has made investment in the generic pharmaceutical business since 1995. These investments have resulted in Dr Reddy's facilities being successfully inspected by USFDA and other regulatory authorities thus positioning the Company to compete for a share of the estimated US$ 40 billion worth of pharmaceutical products going off patent by the year 2005. Dr. Reddy's has also filed patent challenges and has developed non-infringing processes, polymorphs and patent invalidation's with a view to strengthening its position in the generic market. Dr Reddy and Schein have now terminated the strategic alliance that they entered into 1998. Dr Reddy's will continue the patent challenges for the Fluoxetine, Ciprofloxacin and Omepraxole that it was previously conducting with Schein on its own. As part of the termination agreement, Schein has agreed to transfer two of its own US abbreviated new drug applications or ANDAs and to source certain active pharmaceutical ingredients exclusively from Dr. Reddy's for a period of 10 years. The termination of the agreement with Schein facilitates the direct entry of Dr. Reddy's into the US, Australian, South African and United Kingdom markets and presents the Company with the opportunity to explore new partners for its products.

Tata Elxsi Q3 net profit at Rs 39.05 million

Tata Elxsi Ltd has posted a net profit of Rs 39.05 million for the quarter ended December 31, 2000 as compared to Rs 4.21 million in the corresponding period last fiscal. Net Sales have increased from Rs 280.37 million in the quarter ended December 31, 99 to Rs 351.65 million in DQ 2000. Other income for DQ 2000 is at Rs 0.09 million as compared to Rs 1.03 million in the quarter ended December 31, 99.

UTI Bank Q3 net profit up by 133.33%

UTI Bank Ltd has posted a net profit of Rs 230.30 million for the quarter ended December 31, 2000 as compared to Rs 98.70 million for the quarter ended December 31, 99. Interest earned has increased from Rs 1158.90 million in DQ 99 to Rs 2375.50 million in the quarter ended December 31, 2000. Other income has increased by 95.98% at Rs 283/- million in the quarter ended December 31, 2000 as compared to Rs 144.40 million in DQ 99. Other income represents non-interest income earned from letters of credit, guarantees, securities, forex and fee income from services.

Kale Consultants Q3 net at Rs. 5.46 million

Kale Consultants Ltd has reported a net profit of Rs. 5.46 million in the quarter ended December 31, 2000 as compared to Rs 31.55 million in the quarter ended December 31, 1999. Sales are down by 149.26%, at Rs 94.47 million in DQ 2000 as against Rs 37.90 million in DQ 99. Other Income for the quarter ended December 31, 2000 stood at Rs 0.07 million as compared to Rs 34.09 million in the same quarter for the previous fiscal. During the current quarter, the Company has completed the acquisition of products along with related business and customers from Speedwing, an independent division of British Airways, Plc. The Board of Directors have also appointed P G Kakodkar and P S Deodhar as Additional Directors of the Company with effect from February 01, 2001. The two will hold office upto the date of the next AGM when his appointment as a Director will be placed for the approval of the members in the meeting.

Bajaj Auto to shut down plant for maintenance

Bajaj Auto Ltd has informed BSE that due to plant maintenance as well as correction of stocks, the company is having a plant shutdown at their Akrudi and Waluj Plants. While the plant shutdown at Akrudi will be from January 27 to 31, 2001, at Waluj the plant shutdown will be from January 27, 2001 to February 01, 2001. There is no shutdown at the Chakan Plant.

BILT Q2 net profit up by 93.99%

Ballarpur Industries Ltd has posted a net profit of Rs 255.10 million for the quarter ended December 31, 2000 as compared to Rs 131.50 million in the corresponding period last fiscal. Net Sales have increased from Rs 3058.20 million in DQ 99 to Rs 3592.80 million in the quarter ended December 31, 2000. Other income has fallen from Rs 22.10 million in DQ 99 to Rs 17.70 million in the quarter ended December 31, 2000. The figures for the current period related to the Restructured BILT and accordingly include the financial performance of pulp Unit of APR Ltd. and excludes those of Uni Ashti vested in APR Packing Ltd., pursuant to the Scheme of Arrangement & Reorganisation as approved by the Honble High Courts of Mumbai, Nagpur bench and Andhra Pradesh, Hyderabad. The figures for the corresponding quarter months ended 31st December, 1999 are, therefore, not comparable with the current quarter ended 31st December, 2000. The improved results reflect and reaffirm the Company's efforts for achieving consistent high performance.

Hindalco Q3 net up by 11.33%

Hindalco Industries Ltd has reported a net profit of Rs 1700/- million in the quarter ended December 31, 2000 as against Rs 1527/- million in the same quarter last fiscal. Net Sales are up by 11.73%, at Rs 5611/- million in DQ 2000 as compared to Rs 5022/-million in DQ 99. Other Income for the quarter ended December 31, 2000 stood at Rs 393/- million in DQ 2000 as compared to Rs 345/- million in DQ 99. The company has raised debt of Rs.1600 million in January, 2001 for general corporate purpose by issuing 11.22% secured redeemable non-convertible debentures having maturity period of 7 years.

Global Tele-Systems Q3 net up by 111.35%

Global Tele-Systems Ltd has posted a net profit of Rs 570.56 million for the quarter ended December 31, 2000 as compared to Rs 269.95 million in the corresponding period last fiscal. Net Sales for the quarter ended December 31, 2000 stood at Rs 2079.57 million as compared to Rs 1602.19 million in the DQ 99. Other income for the quarter ended December 31,2000 stood at Rs 141.91 million as against Rs 19.12 million in DQ 99. Out of the Net Sales of Rs 2079.57 million E-Commerce, Software and Internet Group contributed 67.12% of the sales at Rs 1396/- million for the quarter ended December 31, 2000. Due to seasonality in the revenue base, consistent with earlier years, second and fourth quarter revenues are generally higher than the first and third quarter revenues given in the domestic trend.

TVS-Suzuki Q3 net down by 17.49%, Sales up by 25.26%

TVS-Suzuki Ltd has posted a net profit of Rs 161.80 million for the quarter ended December 31, 2000 as compared to Rs 196.10 million in the quarter ended December 31, 99. Net Sales for the quarter ended December 31, 2000 are at Rs 4864.30 million as compared to Rs 3883.10 million in the corresponding period last fiscal. Other income for the quarter ended December 31, 2000 is Rs 28.80 million as compared to Rs 31.80 million in DQ 99.

BPL Q3 net down by 28.41%

BPL Ltd has posted a net profit of Rs 200.50 million for the quarter ended December 31,2000 as compared to Rs 280.10 million for the quarter ended December 31, 99. Total Income for the ended December 31, 2000 is at Rs 4714.40 million as compared to Rs 5749.20 million in the quarter ended December 31, 99. BPL the first and only manufacturer to cross the One Million mark in Colour Television sales in a year, continues to maintain its No.1 Position in the CTV Industry in all segments with a market share of 19%. Turnover of the previous financial year included turnover from the sale of Audios, Dry Cell Batteries and export of Colour Monitors, which are now being sold by the Associate Companies.

HDFC shareholders approve amalgamation of Hometrust Housing Finance

Housing Development Finance Corporation Ltd (HDFC) has informed BSE that in compliance with the direction of Honourable High Court of Judicature at Bombay, a meeting of the shareholders and deposit holders of the Company had been held on January 22, 2001. At the aforesaid meeting, the shareholders and deposit holders have unanimously approved the scheme of Amalgamation for amalgamating Hometrust Housing Finance Company Ltd with HDFC.

ACC Q3 net profit at Rs 146.40 million

Associated Cement Companies Ltd has posted a net profit of Rs 146.40 million for the quarter ended December 31, 2000 as compared to a net loss of Rs 197.90 million for the corresponding period last fiscal. Net Sales for the quarter ended December 31, 2000 stood at Rs 6529.70 million as compared to Rs 6544.40 million in DQ 99.Other income for the quarter ended December 31, 2000 stood at Rs 125.70 million as compared to Rs 184.10 million in the quarter ended December 31, 99. The unfavorable trend of incurring consecutive losses was reversed in Q2 2001. This positive trend has been sustained during Q3 2001.The company was able to achieve this because it maintained the trend of reduction in its costs due to the various initiatives it has undertaken.

NIIT Q1 net up by 61.07%

NIIT Ltd has reported a net profit of Rs 298.30 million in the quarter ended December 31, 2000 as against Rs 185.20 million in the quarter ended December 31, 1999. Sales are up by 26.53%, at Rs 1558.10 million in DQ 2000 as compared with Rs 1231.40 million in DQ 99. Other Income stood at Rs 4/- million in the quarter ended December 31, 2000 as against Rs. 0.60 million in the same quarter previous fiscal.

G V Films Q3 net down by 90.22%

G V Films Ltd has reported a net profit of Rs 0.56 million in the quarter ended December 31, 2000 as against Rs 5.73 million in the same quarter for the previous fiscal. Total Income declined from Rs 12.53 million in DQ 99 to Rs 5.89 million in DQ 2000, down by 52.98%.

Panchmahal Steel Board to consider preferential issue

A meeting of the Board of Panchmahal Steel Ltd is scheduled to be held on January 30, 2001 to consider and take on record the Unaudited Financial Results of the Company for the quarter and nine months ended Decemeber 31, 2000. The aforesaid meeting is also consider the issue of equity shares on Preferential basis to Promoters/Promoter Group.

BSE imposes Special Margin on 2 scrips

BSE has imposed a Special Margin of 25% in respect of the under mentioned scrips with effect from Tuesday, January 23, 2001. Code Scrip Name Group 30221 SARITA SOFTWARE & INDUSTRIES LTD B2 2455 SIRPUR PAPER MILLS LTD B2

Wimco Board to consider issue of shares on preferential basis

A meeting of the Board of Directors of Wimco Ltd is scheduled to be held on January 31, 2001 to consider the issue of Redeemable Preference shares to Swedish Match AB and/or its subsidiaries on preferential basis subject to approval of shareholders and other regulatory authorities. The aforesaid meeting is also to consider the un-audited financial results for the third quarter ended December 31, 2000.

Nicholas Piramal Q3 net up by 19.50%

Nicholas Piramal India Ltd has posted a net profit of Rs 134.20 million for the quarter ended December 31,2000 as compared to Rs 112.30 million in the corresponding period last fiscal. Total Income for the quarter ended December 31, 2000 is higher by 17.61% at Rs 1200.30 million as against Rs 1020.50 million in DQ 99. The company has acquired through its wholly owned subsidiary NPIL Fininvest Ltd from May & Baker Ltd U.K.18,00,000 Equity Shares of Rs 10/- each in Rhone-Poulenc (India) Ltd (RPIL) at a price of Rs 875/- per share. In compliance with SEBI Regulations, the company and NPIL Fininvest Ltd will make an open offer to public shareholders of RPIL to acquire further 9,00,000 Equity Shares (20% of the Equity Capital ) of RPIL at a price of Rs 875/- per share.

Ramco Systems selects SEEC, Inc as strategic e-business partner

Ramco Systems Ltd. has informed BSE that the Company has selected SEEC, Inc. as its strategic supplier of tools and technology for transforming and integrating legacy computer systems for e-business. The Company will use SEEC Mosaic TM studio for client projects as its software development centres throughout the world.

Aptech buys 37.5 % in Mentorix Tech

Aptech Ltd along with eVentures India and Silicon Valley Company have jointly announced the establishment and launch of Mentorix Technologies, a premier global e-learning solutions Company. Aptech and eVentures India will participate as key investors and facilitators in Mentorix. The announcement was made in a communication to the BSE by Aptech Ltd after the meeting of the Board of Directors of the Company held today (January 23, 2001). The Directors have approved the proposal to make an investment of US$ 3.36 million in equity shares of M/s Turbegrad.com Inc.which is to be renamed as Mentorix Technologies Inc). The investment would constitute 37.5% of the equity capital of the Company. Mentorix will provide customized end-to-end e-learning solutions to the corporate sector, to training companies and to K-12 schools and higher educational institutions. The Company's services will include development, hosting and maintenance of e-learning courseware and software applications. Aptech Ltd will provide Mentorix with cutting edge e-learning intellectual property and access to its worldwide marketing network and will establish a state of the art 15,000 sq. ft Offshore Development Center. The Center will have 200 seats and will focus exclusively on developing e-learning courseware and software applications. Announcing the new venture, Mr. Ganesh Natarajan, MD, Aptech Ltd said "e-learning is of strategic importance to Aptech as it leverages our strength in our two core areas of operation - IT services and IT education. The industry is currently at a very nascent stage, but is witnessing rapid growth. With the support of Aptech eVentures and the dynamic management team Mentorix plans to capture a significant share in the market. eVentures India will provide both financial and operational support as well as strategic guidance towards growing and developing the business. Additionally, eVentures India will leverage the global network of its investors (Softwares and ePartners) to provide Mentorix with opportunities to serve a blue chip client base.

Gujarat Ambuja completes issue of FCCBs in international markets

Gujarat Ambuja Cements Ltd has informed BSE that the Company has completed the issue of Foreign Currency Convertible Bonds (FCCBs) of about US$ 100 million in international markets. The issue has generated a demand of US$ 750 million from high quality investors. The salient features of the issue are as under :- Coupon - 1% per annum Yield to maturity - 4.6% per annum Maturity - 5 years Conversion - Bond holders can convert the Bonds in GDR/ Shares at any point of time upto 5 years Call option - Company can force the conversion of Bonds or redeem after expiry of 3 years Conversion price - Rs. 222/- per share. The Conversion price for the shares has been fixed at 28% premium over the closing price of the Company's shares on January 22, 2001 listed at The Stock Exchange, Mumbai.

Cipla Q3 results on Jan 30, 2001

The Board of Directors of Cipla Ltd is scheduled to be held on January 30, 2001 to consider Unaudited Financial Results of the Company for the third quarter ended December 31, 2000.

Atlas Cycles Q3 net down by 19.39%

Atlas Cycles Industries Ltd has reported a net profit of Rs. 21.20 million in DQ 2000 as against Rs. 26.30 million in DQ 99. Net sales for the quarter ended December 31, 2000 stood at Rs. 965.20 million as compared to Rs. 981.70 million in the same quarter last fiscal. Other Income which was Rs. 5.20 million in DQ 99 is Rs. 6.20 million in DQ 2000.

Reliance Capital Q3 results on Jan 31 2001

A meeting of the Board of Directors of Reliance Capital Ltd is scheduled to be held on January 31, 2001 to take on record the Unaudited Financial Results of the Company for the third quarter ended December 31, 2000.

Arvind Mills Q3 results on Jan 30, 2001

The meeting of the Board of Directors of Arvind Mills Ltd is scheduled to be held on January 30, 2001 to take on record the quarterly Unaudited Financial Results of the Company for the quarter ended December 31, 2000.

Raymond transfers Cement division to Lafarge

Raymond Ltd has informed BSE that the Cement Division of the Company has been transferred to Lafarge India Ltd. The transfer has been made in pursuance of the agreement dated August 26, 2000 entered into between the Company and Lafarge. The transfer is with effect from January 19, 2001 and the payment thereof has been received.

Visualsoft Tech Q3 net up by 174.24%

Visualsoft Technologies Ltd has reported a net profit of Rs. 206.46 million for the quarter ended December 31, 2000 as against Rs. 75.29 million for the same quarter in the previous fiscal. Income from Software sales are up by 125.55%, at Rs. 405.11 million in DQ 2000 as compared to Rs. 179.61 million in DQ 99. Other Income for the quarter ended December 31, 2000 stood at Rs. 11.42 million as compared to Rs. 7.36 million in the quarter ended December 31, 1999. The Company has incurred Rs. 8.86 million as Deferred Employee Compensation Expenses in DQ 2000 as against Rs. 0.69 million in DQ 99. The income from software sales of Rs. 405.11 million in the current quarter includes product related sales of Rs. 209.38 million. The Company has also reported that during the quarter ended December 31, 2000, it has bagged two major long-term R&D contracts from MNC's for development of technologies.

JCT Ltd board to consider restructuring scheme

JCT Ltd has informed BSE that at the meeting of the Board of Directors of the Company scheduled to be held on January 31, 2000 to consider the Quaterly results, the Board will also consider restructuring of the Company's business operations/financial liabilities including the hiving off of the Fibre Unit of Synthetic Fibres Division of the Company.

Maral Overseas Q3 net profit down by 51.95%

Maral Overseas Ltd has posted a net profit of Rs 28.30 million for the quarter ended December 31, 2000 as compared to Rs 58.90 million posted in the corresponding period last fiscal. Total Income for the quarter ended December 31, 2000 stood at Rs 591.50 million as compared to Rs 611.40 million in the quarter ended December 31, 99. To keep pace with rapid change in technology in the context of the current economic scenario, the company has undertaken the review of the estimated useful life of its plant and machinery and consequently the depreciation charge has increased from Rs 28.90 million in DQ 99 to Rs 33.60 million in the quarter ended December 31, 2000.

Other income helps Elbee Services post a net profit of Rs 58.62 million in Q3

Elbee Services Ltd has posted a net profit of Rs 58.62 million for the quarter ended December 31, 2000 as compared to Rs 3.75 million in the corresponding period last fiscal. Net Sales have increased from Rs 299.83 million in DQ 99 to Rs 372.32 million in the quarter ended December 31, 2000. Other income has increased from Rs 0.04 million in DQ 99 to Rs 38.37 million in the quarter ended December 31, 2000. Effective October 1, 2000 the Travel Division has been sold to Elbee World Travels Ltd ( a wholly owned subsidiary) .The profit on sale of Rs 38.30 million has been accounted as other income in the current quarter ended December 31, 2000.

Adam Comsof Q2 net profit up by 26.88%, Sales up by 25.53%

Adam Comsof Ltd has posted a net profit of Rs 17.39 million for the quarter ended December 31, 2000 as compared to Rs 13.71 million posted in DQ 99. Total Income for the quarter ended December 31, 2000 stood at Rs 46.37 million as compared to Rs 36.74 million in the corresponding period last fiscal.

Orient Paper Q3 net profit at Rs 35.08 million

Orient Paper & Industries Ltd has posted a net profit of Rs 35.08 million in the quarter ended December 31, 2000 as against a net loss of Rs 208.45 million in the quarter ended December 31, 1999. Net Sales increased by 8.58%, at Rs 1269.17 million in DQ 2000 as compared to Rs 1168.88 million in DQ 99. Other income stood at Rs 7.34 million in DQ 2000 as against Rs 17.37 million in DQ 99. The Company has made an application to Department of Company Affairs, Government of India seeking exemption from providing depreciation in respect of assets of Brajrajnagar Paper Plant and new capital investment in cement expansion project. Accordingly, no depreciation has been considered on the aforesaid assets. Moreover, Rs 39.23 million has been provided as depreciation on these assets from April 01, 2000 to September 30, 2000 has been written back during the quarter.

Shrenuj & Co Q3 net profit down by 2.81%

Shrenuj & Co Ltd has posted a net profit of Rs 20.85 million for the quarter ended December 31, 2000 as compared to Rs 21.45 million for the quarter ended December 31, 99. Total Income for the quarter ended December 31, 2000 is at Rs 534.51 million as compared to Rs 421.70 million in the corresponding period last fiscal.

Aksh Optifibre to consider Interim Dividend

Aksh Optifibre Ltd has informed BSE that the Board of Directors of the Company will consider the payment of Interim Dividend in its Board meeting to be held on January 31, 2001. Further the Company has also informed that the above can also be made by passing a resolution by circulation on even date. Also, the Record date for the payment of Interim Dividend, if declared will be February 21, 2001.

Liberty Shoes DQ 2000 net down by 4.98%

Liberty Shoes Ltd has posted a Net Profit of Rs 20.38 million for the quarter ended December 31, 2000 as compared to Rs. 20.87 million for the quarter ended December 31, 99. Net Sales increased from Rs. 183.08 million in DQ 99 to Rs. 234.77 million in DQ 2000. Other income stood at Rs. 2.23 million in the DQ 2000 as against Rs. 2.27 million in DQ 99. The Company incurred Rs. 0.16 as interest expenditure for the quarter ended December 31, 2000 as compared to Rs. 2.71 million in the same quarter for the previous fiscal.

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