Nicholas Piramal seeks nod for stock option plan
The Rs 535 crore Nicholas Piramal is seeking shareholder approval to permit allotment of shares under the employee stock option scheme, in accordance with the revised SEBI guidelines, at its forthcoming annual general meeting.

Novartis net up to Rs 38 crore
Novartis India, the company formed by the merger of Hindustan Ciba-Geigy and Sandoz India, has reported a 106% jump in net profit for the year ended March 31, 1998 at Rs 38.3 crore as against Rs 18.6 crore recorded in the previous year.

IPCA net at Rs 19 crore
IPCA Laboratories has registered a 14% increase in net profit at Rs 19.45 crore for the year ended March 31, 1998 as against Rs 17.06 crore in the previous year. The board has recommended a final dividend of Rs 2.50 per equity share, taking total dividend for the year to Rs 5 per share as against Rs 4 per share in the previous year.

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