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Saturday, May 29, 1999

SAIL bleeds, posts Rs 1,573 crore loss
Steel Authority of India Ltd has registered a whopping Rs 1,573-crore loss for fiscal 1998-99 against a net profit of Rs 132 crore in the previous year.

L&T net down 11.5% to Rs 470.74 crore
Larsen & Toubro's net profit has fallen by 11.5% to Rs 470.74 crore for the year ended March 31,1999 against Rs 531.44 crore in 1997-98.

ONGC net up 2.86% to Rs 2,754.49 crore
Despite a marginal fall in its net sales, the Oil and Natural Gas Corporation has recorded a 2.86% increase in its net profit to Rs 2754.49 crore in 1998-99, against Rs 2677.77 crore in the previous year.



  State Bank of Mysore sets Rs 17,000 cr target for '99-2000, plans to trim NPAs
  VSNL unveils 25 hr Internet access; junks shell accounts
  Sidbi net rises 11.1% to Rs 450 crore
  EIH net profit sinks 21% to Rs 96.41 cr, sales up a tad
  JK Paper enters into marketing pact with Arjo Wiggins of United Kingdom
  For Aptech, multimedia is a key growth area
  Pentafour Communications net rockets 108 per cent to Rs 14.10 crore
  Kotak Mahindra Finance net dips 42.23% to Rs 12 crore
  Apollo Tyres net skids 24% to Rs 31 cr; sales dive 15%
  Alstom slips into the red despite Pondicherry units sale
  IPCL net sinks 88% to Rs 29.36 crore
  IFCI net declines to Rs 23.51 crore,
  Colour-Chem net profit crashes to Rs 2.3 crore
  Dena bank net up 4.8% to Rs 110 cr, to pay Rs 1.60 a share
  Greaves net slides 5.73% to Rs 51 crore, sales dip 3%
  Hind Motors plans fresh VRS
  Better marketing tactics, discipline will help SAIL reverse its fortunes
  IndusInd net falls 59.6% to Rs 36.80 crore
  Duncans charts out merger of five group investment firms with itself
  L&T plans to reduce interest costs
  Oriental Hotels' net down 4.32% to Rs 30.76 crore
  Shareholders force poll on resolutions at Philips meet
  Maruti to unveil Euro-I compliant cars on June 7
  Indian Oil net jumps 30% to Rs 2,214 cr; sales up 17%
  Polaris Software offers IPO at a higher PE



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