Breathing space
The West Bengal government's precipitate action in trying to take over Dunlop's Sahagunj unit will raise quite a few eyebrows. In today's climate of liberalisation, a government takeover of a unit will be viewed with disfavour.
Prudential needs and monetary regulation
In a concluding part of the article titled "Second coming of the Narsimham panel" published in yesterday's net edition dated 09-04-98. Reports in the press suggest that concern with capital adequancy coupled with fears of investigative agencies have led to a decline in commercial loans.
German Remedies: Good returns
The year-end results that have been announced by pharmaceutical companies in the last week or two have been poorly received by the market; take the case of E Merck that barely managed to show some growth or Knoll Pharma and even Ranbaxy for that matter that performed below expectations.
The Index
During 1997-98, with a 25% rise in sales to Rs 1,216 crore, Hindustan Zinc managed to record an impressive jump of over 400% in its net profit to Rs 201 crore. The phenomenal net profit increase can be directly attributed to higher zinc prices in the international markets.
