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Tuesday, April 27, 1999

ICICI net crawls up in a difficult year to Rs 1,001 crore
Term-lending institution ICICI has posted a marginal increase in its profit after tax net of extraordinary income at Rs 1,001 crore for the financial year 1998-99.

P&G sells Mediker to Marico for Rs 10 crore
P&G India and Marico Industries on Monday announced the sale of P&G's anti-lice treatment shampoo brand Mediker with effect from June 30, 1999, to Marico for Rs 10 crore.

TVS Suzuki net rises 18% to Rs 81.39 crore
TVS-Suzuki has recorded a sales of Rs 1,313.18 crore for the 12-month period ended March 1999, up 28.9% from the previous year sales of Rs 1,018.62 crore.


Inspirations furnishing fabrics


  Marico net soars 25% to touch Rs 37.5 crore
  ITC board approves revised salary package for whole-time directors
  IPCL to phase out old cracker at Baroda unit
  P&G net jumps 33% to Rs 13.44 crore
  Briefing
  DRI slaps penalty on Essar Oil
  Philips India sells Loni unit to BC Components for Rs 32.5 cr
  UK firm to buy Escorts 20% in equipment unit
  Kesoram forms recast panel; net dips to Rs 4.75 cr
  Nicholas Piramal set to buy out Eli Lilly brands
  APT seeks to establish roaming pacts between S Asian nations
  UB group likely to rope in Mcalum Breweries for Lankan opera
  Briefing
  ABB's improved show leaves markets cold
  Konka to seek fresh FIPB nod for setting up base
  Pegging to offer more choice to officers abroad
  MTV Enjoys! as PSU brands sign up
  BPL
  Market place briefing
  Haldia may be used as centre point for Numaligarh-Bangladesh
  Haryana shortlists IPPs for Yamunanagar project
  French EPC contractor blamed for Kottadih coal mine disaster
  Alliance Mutual Fund plans monthly income scheme
  ICICI promotes Gupte, Bhojani as joint MDs
  Institution board approves stock option scheme for staff
  Murugappa begins inter-firm holdings recast
  StanChart joins price war in credit cards



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