MJ Pharma Q1 net down
MJ Pharmaceuticals has posted a loss of Rs 11.53 lakhs for the first quarter ended June, 2000, against Rs 31.57 lakhs for the corresponding quarter in the previous year. Turnover declined to Rs 8.01 crore from Rs 9.28 crore for the same period.

United Phos posts Rs 6-cr net in Q1
United Phosphorus has posted a net profit of Rs 6.24 crore for the first quarter ended June, 2000, against Rs 5.87 crore for the corresponding period last year. Turnover rose to Rs 115.82 crore from Rs 100.30 crore for the same period.

Hinduja Fin Q1 net upto Rs 16-cr
Hinduja Finance has posted a net profit of Rs 16.09 crore for the first quarter ended June,2000 as compared to Rs 2.47 crore for the corresponding period last year. Income from operations rose to Rs 21.79 crore from Rs 5.60 crore for the same period.

Sid Khanna gets more powers
Andersen Consulting India country managing partner Sid Khanna is being given additional responsibility as country managing partner for the Middle East (covering the Gulf states and Saudi Arabia). Khanna will, however, continue to be based in Mumbai. Sanjay Jain, partner, who started the Delhi office of Andersen Consulting and has been in-charge since its inception, will take additional charge as India head for the products & resources market unit.

Bombay Dyeing may close plant
Bombay Dyeing has been granted permission to close down the operations of the company's spinning plant at Jamnagar by the Gujarat government and the operations have been closed down w.e.f July 29, 2000.

Medicorp Tech acquisition
The board of Medicorp Technologies has approved the acquisition of export business of Medispan Ltd. The two companies have signed the necessary agreement for an all cash consideration of Rs 5.33 crore based on the valuation report submitted by Price waterCooper, Hyderabad.

Raymond board gives approval
The board of Raymond Ltd has approved the scheme of amalgamation of Raymond Calitri Denim Ltd-its wholly owned subsidiary with the company w.e.f April 1, 2000, subject to the approval of th FIs, creditors and shareholders and also subject to confirmation by the High court, Mumbai.

ITW Q1 net rises to Rs 4-cr
ITW Signode India has reported a net profit of Rs 3.82 crores, for the first first quarter of the current fiscal, against Rs 2.52 crores in the same period last year. Total income rose to Rs 43.27 crore from Rs 40.36 crore.DGP Windsor posts Rs 10cr loss DGP Windsor has reported a net loss of Rs 10 crore for the financial year ended June 2000, against Rs 20.69 crores in the previous fiscal. The fall in losses has come in the wake of increased sales of over 15 per cent from Rs 114 crore last fiscal to Rs 132 crore.

TNT launches website
TNT has launched its new website to assist customers in tracking consignments in 200 countries across the world and has the ability to track up to 10 consignments at any time with only the consignment number. The company expects two-third of the business worldwide to be done electronically in the next three years.

Hughes gets nod for stock-split
Hughes Software Systems on Wednesday announced that the company had received approval for stock-split of its equity shares in the ratio of 2:1. The stock-split would entail a sub-division of each existing fully paid-up equity share of the dompany in the face value Rs 10 into two fully paid-up equity shares of Rs five, the company said in a statement here. The stock split was approved by the shareholders of HSS in the annual general meeting on Tuesday, it said.