Krebs Biochem Q3 sales, net dip: Krebs Biochemicals has recorded a dip in its sales by 44 per cent over last year to Rs 5.12 crore for the third quarter ended December 31, 1998. It had reported a sales income of Rs 9.22 crore for the third quarterin the previous year. However, net profit was down 12 per cent to Rs 3 crore as against Rs 3.41 crore for the same period in the last year. The company has earned Rs 2.89 crore, almost equal to the net profit, as other income.

ITI Q3 net at Rs 12 cr: ITI has reported a net profit of Rs 12.19 crore for the quarter ended December 31, 1998, against a net loss of Rs 34.23 crore posted during the corresponding period previous fiscal. Net sales of the telecom company have increased to Rs 332.40 crore from Rs 212.16 crore in the third quarter. For the nine months ended December 31, 1998, the company has registered a net sales of Rs 744.93 crore (Rs 509.56 crore). The net loss during the period stood at Rs 18.17 crore (Rs 86.82 crore). Total expenditure has gone up to Rs 893.96 crore during the period from Rs 705.24 crore.

Award for Forbes Marshall: Forbes Marshall has been awarded the `BusinessWorld and Compaq Social Responsiveness Award' for being among the most socially committed organisations inthe country. The assessment was carried out by Price Waterhouse. The time period under assessment was for activities undertaken between October 1996 and December 1997 and had to necessarily be outside the purview of the core business activities of the organisation. Tata Steel bagged the first prize while Forbes Marshall was awarded the second prize.

20th Century Finance scheme: 20th Century Finance Corporation has launched an innovative scheme with a small down payment of Rs 1,111 on select two-wheelers. The scheme allows the customer to avail of this scheme without a guarantor, on a case to case basis. Other than offering an extremely low down payment to the customer, the scheme also offers the convenience of easy processing and fast sanctioning, said a company press release.

Becton Dickinson plant: Becton Dickinson India announced the opening of its worldclass hypodermic medical devices manufacturing plant with a capacity of over a billion disposable needles and syringes for the localmarket. According to a company press release, the establishment of the plant -- at an investment of over Rs 200 crore -- will go a long way in ensuring regular supply of the disposable products at affordable prices.

Asian Hotels sales: The Delhi-based Asian Hotels, promoters of the five-star deluxe Hyatt Regency hotel, has registered sales of Rs 38.40 crore in the quarter ended December 31, 1998. The firm's net profit in the period was Rs 13.50 crore.