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Friday, January 29, 1999

LIC Housing net rises to Rs 62 crore
LIC Housing Finance Ltd has registered a net profit of Rs 62.23 crore during the nine-month period ended December 31, 1998, against Rs 55.23 crore during the corresponding period of the previous year, representing a growth of 12.67%.

Hughes Ispat set to commence operations in Mumbai
Move over MTNL. It's the turn of private basic service provider Hughes Ispat to corner a part of the corporate pie. With a little over a month to go for the basic telecom operator for Maharashtra to kick off its operations in the city, several corporates like Ceat, National Stock Exchange and corporates have evinced an interest in switching from MTNL to the wireless in local loop (WiLL) connectivity provided by the private service operator.

Videocon to launch India's first multimedia computer with colour TV screen
It is christened tv.comp and aspires to be the country's first multimedia computer with a 25 inch colour television screen. This latest offering from electronics and consumer goods major Videocon International is to be launched in all metro cities within the next fortnight and is expected to create an entirely new niche for itself.


Inspirations furnishing fabrics

Central Electronics Limited

Patel Roadways Limited


  Direct marketing gives General Motors edge over competitors
  Volvo spurns Fiat offer, sells car unit to Ford for $6.5 bn
  Indo Gulf third-quarter net inches up to Rs 46.5 cr
  Hoechst Marion offers VRS at Mulund unit
  Rabo India to aid joint ventures; focus on food, farm, healthcare sectors
  Bank of Baroda registers Rs 346 cr net, Rs 451 cr operating profit
  Dena Bank net profit crawls up to Rs 90 crore; advances rise 26%
  Colgate net up 48% to Rs 9.77 cr
  MTNL to kick off Internet price war, undercut VSNL by 30%
  Jenson & Nicholson managing director Subberwal quits
  Saurashtra Cement to hike unit capacity
  State Bank nine-month net spurts 25% to Rs 1,143 cr
  Wipro profit rockets 169% to Rs 93 crore
  MRF bottomline skids 8 per cent to Rs 24 crore
  Slowdown shaves Colgate-Palmolive profit to Rs 10 crore
  Other income pulls CESC out of the red
  In brief
  STPI-CMG plan to focus on component software
  Mumbai-based private bank comes to Delhi
  Icra gives Oil India go-ahead for stake in Numaligarh refinery
  Experts on call of "duty" over Novartis drugs classification



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