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Wednesday, July 29, 1998

First quarter deflates Telco bottomline with a net loss of Rs 35.63 cr
The Tata Engineering and Locomotive Company has reported a net loss of Rs 35.63 crore for the first quarter of the current financial, compared to a profit of Rs 90.5 crore in the corresponding period last year.

Centre allows General Insurance to nominate 15 members on TAC board
The Centre has allowed General Insurance Corporation to nominate 15 members in the new Tariff Advisory Committee (TAC) board with the government's due approval.

MSEB not to pick stake in Ispat's Bhadravati plant
The Maharashtra State Electricity Board has decided not to stake a claim for a 30% equity in the Ispat group-promoted thermal-based 1,082 MW Bhadravati project.


The National Stock Exchange of India (NSE)

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Patel Roadways Limited


  Workers set to lend a helping hand for IND Auto revamp
  Hyundai Electronics pullout hits Globalstar project
  Eicher Consultancy, Motorola varsity plan tie-up for Six Sigma concept
  Zydus group, Korea Green Cross in pact to make hepatitis vaccine
  Corporate Results
  Voltas divests entire stake in SMS India
  Kinetic Engineering's new model helps net profit rise marginally
  Voltas managing director Nawshir Khurody rewarded
  Indian Oil net vaults 105 per cent to Rs 590 crore
  Infosys signs pact with CyberShop
  Larsen & Toubro Q1 net dips to Rs 72 crore
  Hindustan Motors reports Rs 3.08 cr net loss in Q1
  Indal Q1 net spurts 76% to Rs 16 crore
  Magneti Marelli plans venture for Palio, Uno AC units
  Nicholas Piramal Q1 net jumps 26% to Rs 10 cr
  Dena Bank net up 35% to Rs 34 crore
  World Briefing
  IBM's mainframes set new speed marks
  AT&T-British Telecom venture expected to face close scrutiny
  State Bank of India chairman to be selected on August 10
  PHP sees $15m '98 charge, delays filing
  US West Inc first-half operating earnings up
  No settlement; talks continue on GM strike
  GAIL earns profit after tax of Rs 199 crore
  Atul to buy out Ciba's 35% stake in Cibatul

ICRA: An independent investment information and credit rating agency


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