Friday, February 16, 2001

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HLL profit rises 22.42%, sales growth slows down
Though fast moving consumer goods giant Hindustan Lever's profit has shown a growth of 22.42% to Rs 1,310 crore in the year ended Dec 2000 as compared to Rs 1,070 crore in 1999, its net sales moved up only marginally by 4.5% to Rs 10,604 cr as compared to Rs 10,142 cr recorded in the previous fiscal.




BAT may seek govt nod for VST counter offer
British-American Tobacco Plc, co-promotors of India's largest tobacco form ITC, is likely to seek the Indian govt's permission to make a counter offer to raise its stake in VST Industries Ltd, which is the target of a hostile takeover bid by two Mumbai-based stock brokers.




D-Link sets high IPO floor price of Rs 300
While ICE stocks continue to melt on the stock markets, yet another IT networking company, D-Link (India) Ltd (DLIL), has come out with an initial public offering (IPO) at a high price.




Other headlines

Mitsubishi hit by massive car recall
Cipla slashes prices of AIDS medicines
Mid-Day IPO gets huge response
New legislation to prevent import surge in budget session -- Maran


 
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