The Financial Express -- Corporate

Thursday, July 24 1997

JK Corp posts Rs 18cr loss, snips dividend

JK Corp Ltd has announced a Rs 17.87 crore loss despite a 8.5% rise in turnover to Rs 775.90 crore for the year ended March 1997. The company had a net profit of Rs 51.57 crore in the previous year.

DLF to put mega Gujarat cement plan on backburner

With the construction industry going through the worst-ever slump, the DLF group has decided to go slow on its Rs 1,200-crore cement project in Gujarat. The group is already into cement production in a big way through the associate company - DLF Cement.

Asian Paints to recast bleeding Australian arm

Asian Paints, India's largest paint manufacturer, plans to revamp the operations of its Australian subsidiary following its lacklustre performance in the last financial year. The loss-making subsidiary, Asian Paints (Queensland) Pty, will enhance its equity base by floating additional shares amounting to A$5,00,00.

Auditors pick holes in Sicom 1996-97 accounts

ICICI undercuts banks with new short-term rate at 12.5%

VSNL net up 23% to Rs 505 crore

Fuji TV seen returning to profit growth in 1998-99

State Bank of Travancore net touches Rs 40 cr

Marketplace Briefing -- P&G to launch Head & Shoulders

World Briefing -- Microsoft plans expansions in Africa

Versace was insured for $21 million at Lloyd's of London

ONGC seeks revised retention price for IOC's crude purchases

Financial Briefing -- Essar Shipping under rating watch

Sonaca has high hopes on Airbus to boost strong recovery

Uzbek-S Korean car venture sees sales rising