Airlines
Jet pvt placement to expand capital base?
THE country's leading private airline, Jet Airways, recently reported as considering a private placement will most likely use the funds raised thereby to expand its capital base, less to replace high-cost debt.
Corporate
Jay Shree positive on tea-- concerned over plywood, fertiliser wings
JAY Shree Tea & Industries Ltd, a B.K. Birla group outfit, finds the prospects of its tea business satisfactory even in adverse circumstances; but it is concerned about its plywood and fertiliser divisions.
Electronics
Philips targets 30 pc growth for consumer electronics unit
PHILIPS India Ltd (PIL) expects its consumer electronics division to grow at 30 per cent this year over last year.
Financial Performance
Adani Exports net at Rs 118.30 cr
AHMEDABAD: Adani Exports Ltd (AEL) has posted a net profit of Rs 118.30 crore for fiscal 2000-01 on a turnover of Rs 3,065.8 crore. While the net profit reflected a 6.6 per cent rise from Rs 110.98 crore in the previous year, the turnover showed a Rs 212
.69 crore spurt over business worth Rs 2,853.11 crore recorded in the previous financial year.
Jagsonpal Pharma net profit at Rs 10.15 crore
NEW DELHI: Jagsonpal Pharmaceuticals Ltd has posted a net profit of Rs 10.15 crore for the fiscal ended March 31, 2001. This was against Rs 9.41 crore recorded in the previous year. Total income stood at Rs 119.82 crore (Rs 102.24 crore).
PSU
Divestment in GAIL not below 51%: Naik
MR Ram Naik, Union minister for Petroleum & Natural Gas, has ruled out the possibility of the Union Government divesting its stake in Gas Authority of India Ltd (Gail) below 51 per cent.
Paper/Packaging
Tetra Pak chief stresses on wider choice, quality
THE new man at the top at processing and packaging company Tetra Pak has a simple recipe for success: give the customer quality products and the choice of buying these at various price points.
Petrochemicals
ONGC offshore rig awarded ISO 9002
MUMBAI: OIL and Natural Gas Corporation's offshore jack up rig Sagar Ratna has been awarded ISO 9002 certification by Indian Register Quality Systems.
Naik reassures Centre's support to Haldia Petro
MR Ram Naik, Union Minister for Petroleum and Natural Gas, has held out the assurance of a positive approach to the problem being faced by the Rs 5,170-crore Haldia Petrochemicals Ltd (HPL) due to its heavy loan burden.
Petroleum
`IOC product exchange pact with BPCL, HPCL by Sept'
INDIAN Oil Corporation (IOC) is in the final stages of negotiations with the other oil companies -- BPCL and HPCL -- for a `product exchange agreement'. Negotiations at present revolve around the issue of prices and IOC is hopeful of inking agreements by
September, the Indian Oil Corporation's Director (Marketing), Mr O.N. Marwah, said here today.
Policy
Dividend-stripping of different kind
PUBLIC sector companywallahs call it the silly season fad. When the entire country, led by the netas and the top-rung babus scurry to cooler climes in June, Finance Ministry officials dust some circulars, incorporate a few changes and pronto demand more
money for the exchequer from the PSUs.
Stocks
MFs still chasing Reliance stock: Study
MUTUAL funds continue to chase the Reliance Industries stock as they have done in May, an analysis of leading equity funds indicates. The contribution of Reliance stands increased in seven of the eight funds that currently hold it.
