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Thursday, July 29, 1999

ACC first-quarter net profit dips 17% to Rs 7 cr
Cement major ACC, hit hard by dwindling price realisation, has reported a 17.2% drop in net profit to Rs 7.02 crore during the first quarter ended June 30, 1999.

Zee Telefilms Q1 net up 41% to Rs 17 cr
The board of directors of Zee Telefilms on Wednesday discussed the proposal to hive off Zee Education into a separate company to give a thrust to the education business.

BSES Q1 net up 11.4% to Rs 87.81 cr
BSES has posted a 11.4% rise in net profit to Rs 87.81 crore in the first quarter of the current financial, compared with Rs 78.66 crore in the corresponding period last year. Sale of electrical energy has increased marginally to Rs 470.08 crore from Rs 463.22 crore.


Corporate Results


  STC gets nod to dispose of old rubber stocks
  State Bank may post higher Q1 operational profits, say analysts
  Big Bull seeks court nod to subscribe to ACC rights offer
  Gujarat floats company for Rs 3,700cr gas-grid project
  Novartis Q1 net jumps 23% to Rs 16.6 crore
  EIH first-quarter net dips 34% to Rs 12.9 crore
  Punjab Tractors Q1 net up 25% to Rs 35 cr
  Bank of India asked to go slow on branch expansion
  Oriental Bank of Commerce Q1 net up 12% to Rs 74.1 cr
  AES bags Gridco's 51% in Cesco
  Bank Muscat plans tailored products to suit software firms
  Madras Cements first-quarter net slips to Rs 15 cr; sales dip to Rs 135.15 cr
  EID Parry Q1 PBT up to Rs 11.53 crore
  GKW plans to dispose of NPAs to retire debt
  Nalco's expansion plan runs into rough weather
  MRF first-quarter net profit skids 26% to Rs 22 crore
  Clariant net up 15% to Rs 3.16 crore
  Bata second-quarter net slips to Rs 13 cr
  Marico Q1 net dives 24.7% to Rs 6 crore
  Nestle Q2 net rises 46% to Rs 28 cr
  Jay Shree Tea plans 2 factories in Bengal
  Ranbaxy Laboratories may post higher Q2 profits, say analysts
  SRF Q1 net surges to Rs 6.58 crore
  Oberoi bid to set up trade and tourism body
  Ashok Kurien, Sunil Gautam float new PR outfit
  BHEL Q1 net rises 11% to Rs 16.2 crore
  Expectations of improved Q2 buoy Bombay Dyeing
  Britannia tests new dairy products
  Bajaj Auto -- Depending on the Boxer's X-factor to rev up sales
  Wipro to peddle PCs online too
  Indocon to launch low-cost servers, workstations
  Aptech to go in for Rs 100 cr expansion
  Krone Comm to remain unaffected by GenTek takeover of parent firm
  HP to expand operations in Bangalore
  ONGC to pick up 10% in Paradip Refinery
  NTPC, NHPC to enter into wind power
  Briefing
  Briefing
  A-I to initiate talks with Air France for strategic alliance



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