DMK To Boycott Bypoll

Updated: Jan 21 2003, 05:30am hrs
DMK on Monday decided to boycott the February 26 bypolls to the Sattankulam constituency and would neither support the Congress nor BJP in the by-elections. DMK president M Karunanidhi said that "there was no point in contesting the by-elections, which would not be free and fair"

Leadership Change In Karnataka Ruled Out
The Congress high command on Monday ruled out changing Karnataka Chief Minister S M Krishna and snubbed the dissidents wanting a repeat of Maharashtra example saying "their campaign is worse than opposition campaign".

Britannia Milkman Pizza Cheese
Britannia New Zealand Foods Pvt Ltd has launched a new variety of Britannia Milkman Pizza Cheese priced at Rs 40 for 200 grams. One pizza-seasoning sachet will be given free with every pack of cheese and is a blend of Mozzarella and Cheddar cheese.

Fortune Informatics Q3 Net At Rs 2.25 Cr
Fortune Informatics has reported a net profit of Rs 2.25 crore for the third quarter ended December 31, 2002 as against a net loss of Rs 1.80 crore during the same period last year. Likewise, income from operations grew sharply to Rs 3 crore (Rs 37.50 lakh), said a company release.

Four Soft Bags Order From Malaysian Co
Four Soft Private Limited has bagged order from Malaysia-based Century Logistics to supply its esupply-SP product suite as a platform to build global supply chain management service businesses. Four Soft's revenue will be to the tune of $250,000 from this contract over the next three to six months, said a company release.

Gold Price At A New High
The price of 22ct gold continued to remain bullish ending at Rs 534 per gram (Rs 4272 per eight gram), when the market came to a close on Monday. Market sources said that continued tension in Iraq coupled with weaker dollar and speculative buying was the reasons for the trend. Poor arrivals in the market had also contributed its share to the increase, the sources added.

BEML Board Meet
Bharat Earth Movers Ltd will hold its board meeting on Wednesday to take on record the unaudited financial results for the third quarter ended December 31, 2002.