Weizmann Homes Ltd, posted a net profit of Rs 2.26 crore in the year ended March 31, 1999 as compared to Rs 2.13 crore of the previous year. It has declared 16 per cent dividend to its share holders for the year.

UP unit launches bond issue

Pradeshiya Industrial and Investment Corporation of Uttar Pradesh has launched a 7-year bond issue, of Rs 2 billion, including a greenshoe option of Rs 1 billion. The coupon is 13.85 per cent, payable annually and there is a put and call option at the end of 59 months.

Bank of Baroda meet

The board of directors of the Bank of Baroda will meet at Vadodra on July 29 to discuss and take record on the unaudited financial results of the bank for the first quarter ended June 1999.

HC stays New India circular

The Calcutta high court on Tuesday passed an interim order staying the operation of the May 7 circular of New India Assurance Co Ltd issued to its agent Golden Trust Financial Services, Calcutta,for five weeks when the matter will be taken up for hearing finally.