The Financial Express -- Corporate

Thursday, June 12 1997

West Coast Paper net dips 72% to Rs 8 cr

West Coast Paper Mills, the flagship of the Calcutta-based SK Bangur group, has reported a 72 per cent drop in net profit to Rs 8.37 crore for the year ended March 31, 1997, down from Rs 29.94 crore a year earlier. Similarly net profit dropped by 72 per cent from Rs 29.94 crore in 1995-96 to Rs 8.37 crore in 1996-97.

Godrej & Boyce arm plans to tap US market

Geometric Software Services (GSSL), an associate company of Godrej & Boyce, plans to blitz the United States market with a slew of CAD/CAM solutions and tools in the next three months. The company has entered into distribution arrangements with Teksoft and Compunix of the US for marketing their products.

GSX International severs ties with Indian partner

Houston-based GSX International Group Inc. which had planned to set up a $1.28 billion grass roots petroleum refinery and power project in Andhra Pradesh has apparently got tired of waiting for a clearance from the FIPB, and has broken up with its Indian partners in GSX Petroleum Ltd.

Hindustan Lever, Pond's agree to RBI formula on preferential

FedEX enters into 5-year agreement with Blue Dart

Lloyds Finance faces huge liability as conversion economics

New private banks' NPAs cross Rs 100 cr

Nirma net jumps 111%

Marketplace -- Kodak launches digital camera

Berger net up to Rs 14 cr, to pay Rs 6 a share

UTI segregates schemes under 3 AMCs, Ambuja chief to head US

LIC executives want pay panel hikes

Air India, Jet Airways fleet acquisition plans grounded

Modi Rubber shelves Continental venture

The Index -- Hoechst Marion Roussel