SAIL counts on fiscal recast to skirt modernisation charges
The Steel Authority of India Ltd is banking on a quick clearance of its financial restructuring plan to stave off the huge interest and depreciation burden created by its modernisation exercise.

Gujarat Ambuja Q3 net up 43% to Rs 46.4 crore
Undeterred by dipping price realisations in cement, blue-chip Gujarat Ambuja Cements on Wednesday stunned the markets with a 43.2% rise in its net profit during the third quarter ended March 31, 1999.

IDBI chalks out Rs 37cr revival plan for Montari
Industrial Development Bank of India (IDBI) has submitted a Rs 37 crore second draft rehabilitation scheme (DRS) before the Board for Industrial and Financial Reconstruction (BIFR) for reviving sick pharma company Montari Industries Ltd.

  Pentafour Software declares bonus, net soars 74% to Rs 119.12 cr
  Other income vaults ACC net 322% to Rs 56.84 cr
  Daewoo Motors nudges chairman SH Park out of the driver's seat
  Century Gas to offload 50% of promoter's stake
  L&T may consider separating cement business
  IIBI holds up Rossell Industries recast plan
  Thomas Cook Q1 net rises 13% to Rs 3.88 crore
  Cipla net rises 12.8 per cent to Rs 115.03 crore in 1998-99
  Gulf Oil to go slow on Orissa project; net spurts 32%
  Corporate Briefing
  Samkrg Pistons net jumps to Rs 6.8 crore
  Knoll Pharmaceuticals sets aside Rs 100cr kitty for brand takeover
  Vijaya Bank targets Rs 17,000cr business
  ICI subsidiary set to unveil Ensign Bickford's non-electric detonators
  Alfa Laval sells off liquid food-processing business to Tetra Pak
  Judicious financial management improves HLL net
  ICICI's gamble with diversification
  TTK Prestige net profit surges 83% to Rs 9.23 crore
  Cost reduction props up Gujarat Ambuja margins
  MTNL to expand Internet capacity; price review on cards
  Infosys looking at acquisitions in US
  Hindujas seek early settlement of revenue sharing issue
  Briefing
  Marketplace Briefing
  Current, ex-employees sue Coca-Cola
  Lloyds Finance gets repayment breather
  Exim Bank net drops 17% to Rs 165 cr
  Koshika Telecom takes on rivals, slashes airtime rates
  IFCI plans to turn into a bank
  Infosys plans to take over software firm
  Banking Briefs
  Nestle first-quarter net up 31% to Rs 20.5 cr
  MRF net jumps 20 per cent to Rs 31.5 crore