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Thursday, September 23, 1999

Parke-Davis net rises 23.8% to Rs 5.9 cr; sales slip to Rs 82 cr
Parke-Davis has registered a 23.8% increase in net profit at Rs 5.87 crore for the first five months ended August 31, 1999 as against Rs 4.74 crore in the corresponding period last year.

GSFC plans buyback in current financial year
Gujarat State Fertilizers and Chemicals is planning to buy back its shares during the current financial year and is expected to approach its shareholders for approval at the Annual General Meeting (AGM) in Vadodara today.

Priya Food to tap market to fund capacity expansion
Priya Food Products Ltd is planning a public issue during the later half of 2000. This is to finance investments worth Rs 10 crore lined up for expanding capacity of the manufacturing unit, according to chairman GP Agarwal.


Corporate Results


  Mastek aims to achieve CMM Level 5 by 2000
  Unilever moots overhaul of consumer-product brands
  Voltas to enter into manufacturing agreement for room airconditioners
  Panel packs in riders for ONGC divestment
  i2 Technologies, PWC form global E-business venture
  Citil eyes $100m turnover by 2001
  Canadian insurance firm shelves local foray plan
  Bal Pharma seeks to stop vitamin drug production
  Praj Ind snips placement amount by 50%
  Intel draws up advertising campaign, to focus on Net and related knowhow
  Unichem floats new women health wing, acquires 2 brands for Rs 2 cr
  Schindler eyes stake in auto component firms
  Abbott Lab charts 5-pronged growth plan
  Gujarat may award Ghogha power project to Reliance
  Cognizant to spend $20m on acquisitions
  Pentel pens -- Positioned between the gifts segment and the mass market
  TCS Interactive TV offers online, real-time interaction
  Santro launches contest, extends warranty
  Whitening toothpaste segment grows by 140 per cent
  IT alliances for FedEx
  Briefing
  Taurus Starshare to pay 18.5 per cent dividend



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