RCF pays Rs 30.61cr dividend to Centre
The Rashtriya Chemicals & Fertilisers chairman and managing director DK Varma presented a cheque of Rs 30.61 crore, as dividend for the year 1998-99, to the minister for chemicals and fertilisers, Suresh Prabhu, in New Delhi. The company posted a turnover of Rs 2,061 crore and an operational profit of Rs 355.99 crore during the same period.M&M appoints alternate director
Mahindra & Mahindra has informed the Bombay Stock Exchange that Phip G Spender, who had ceased to be the alternate director to Terrall M de Jonchkheere at the annual general meeting held on July 27, 1999, has been reappointed as alternate director with effect from October 29, 1999. Spender is the managing director of Ford India.
Kadambari Leasing shares
The board of directors of Kadambari Leasing has decided to issue and allot 10 lakh equity shares of Rs 10 each for cash at par on preferential basis to the existing directors and associates.
Regency enhances capacity
Regency Ceramics has informed the Bombay Stock Exchange that it has started commercial production on the expanded production capacity with effect from November 1. With this expansion, the company's capacity has now increased from 46,000 metric tonnes to 76,000 metric tonnes of ceramic tiles per annum.
Microsoft investment plans
Microsoft Corporation has said it is optimistic about India and will be open to fresh investment in the country if opportunities arise. "We are optimistic about India and will take advantage of opportunities here by various ways including investment'' group vice-president, worldwide sales and support, Jeff Raikes said.
Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.