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Monday, August 30, 1999

DLF Cement may break even in Q2
With cement prices firming up over the past few months, DLF Cement Ltd expects to break even in the current quarter ending September as against a Rs 9.39 crore loss in the quarter ended June.

Bhel plans to manufacture transmission equipment
The Bangalore unit of the Rs 6900-crore plus Bharat Heavy Electricals Limited (BHEL) is contemplating an entry into the manufacture of transmission equipment.

Swatch Group chairman sets sights on acquisitions to keep profit rising
Swatch Group SA chairman Nicolas G Hayek said the Swiss watchmaker is pursuing acquisitions as it seeks to further boost net profits that rose 8.6% in the first half.


Corporate Results


  Hutchison eyes Swisscom stake in Sterling
  Tatas seal leveraged deal to acquire Tetley Group without coffee brands
  Gujarat Narmada to co-promote 3 new companies
  Honda Motor plans to export City to Bangladesh, Sri Lanka
  NIIT board set to go international
  Tube Investments sees 80% growth in net in 1999-2000
  `Sahara Airlines has cushion to absorb reduced fares and still post profits'
  Novartis net rose 5% in first half, but analysts see some weak spots
  Briefing
  Compaq to integrate commercial desktops in India
  Pentafour set to launch touchscreen applications
  Convergent Communications offering telecom consultancy on Lan market
  GMPCS operators eyeing global markets for roaming facilities
  Briefing
  CITIL to spend Rs 30 crore on acquisitions
  Nutrine targets vitamin enriched confectionery
  Philips dials P3C for relationships
  Birla Yamaha and Honda Power fail to generate sales
  FMCG -- Mining the rural gold rush
  Volvo, seeking younger buyers, tries to create a sexier image
  Petrobras to sign four more joint ventures
  Total chief looks forward to friendly deal with Elf
  Universal Ferro reopens furnace after two years
  Rio Tinto optimistic on commodities' prices



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