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Reliance Q3 net jumps 56% to Rs 627 cr

Backed by 25% sales growth and 11% increase in selling prices of products, Reliance Industries Ltd has reported a 56% rise in net profit at Rs 627 crore for the third quarter ended December 31, 1999, against Rs 402 crore during the corresponding period last year.

Gujarat Ambuja second quarter net profit soars 90% to Rs 55 cr

Gujarat Ambuja Cements (GACL) has clocked a 90% rise in net profit to Rs 55 crore during the second quarter ended December 31, 1999, against Rs 29 crore in the corresponding period last fiscal.

State Bank mulls VRS to shed flab

The State Bank of India (SBI) is drafting a voluntary retirement scheme (VRS) to trim its 2.37 lakh-strong work force. The proposed scheme, however, will not be offered to SBI's seven associate banks.

Spic chairman Chidambaram passes away

India, Tamil Nadu in particular, has lost a doyen of industrial revolution and a pioneering visionary in the death of MA Chidambaram in Chennai late Wednesday night.

Cement unit sale props Tisco net up to Rs 146 cr

Tata Steel, aided by the inflow of proceeds from its cement division sale, has posted a hefty rise in net profit for the third quarter at Rs 146.18 crore as compared with Rs 16.21 crore in the same period last year.

Citibank's B2B solution offers panacea for supply-chain woes

Is it a plane or a bird, it is Jonty Rhodes, read a banner at one of South Africa's cricket grounds. The same goes for Citibank: "Is it a software company or a website, it is Citibank."

Executive Briefings

bullet.jpg (687 bytes) RBI grants firms go-ahead for overseas float

bullet.jpg (687 bytes) Dr Reddy's Labs wins drug patent battle with Merck in Russian court

bullet.jpg (687 bytes) Finance ministry rationalises duty drawback's structure

bullet.jpg (687 bytes) Dr Reddy's Lab Q3 net jumps 65% to Rs 22 cr

bullet.jpg (687 bytes) RBI pegs eight-year paper's cut-off price at Rs 106.83

bullet.jpg (687 bytes) ICICI Home unveils 5-year loan at 12%, waives pre-payment penalty


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