The Hindu Business Line : Saturday, October 11, 2003

IDBI gets 16% in Pitti Laminations
THE board of directors of Pitti Laminations Ltd (PLL), the city-based ailing manufacturer of laminations and die cast rotors, has approved a resolution allotting shares to Industrial Development Bank of India (IDBI) and promoters of the ... More

Concerto Software to merge with Melita
CONCERTO Software, a provider of customer interaction management solutions, on Friday announced that it has entered into an agreement and plan of merger with Melita International Ltd. The transaction is valued at $ 145.2 million. Under the terms ... More

ONGC in talks for stake in overseas oilfields
OIL and Natural Gas Corporation Ltd (ONGC) is in talks to acquire equity stake in four or five more oil fields abroad. It will also shortly sign an agreement to acquire a 24.5 per cent stake in another oil field in Sudan, its second such stake in ... More

OUTLOOK

MRPL hopes to turn around next year
MANGALORE Refinery and Petrochemicals Ltd (MRPL) expects to report a net profit next financial year. This year, it hopes to make a "significant cash profit", but report a net loss, Mr Subir Raha, Chairman and Managing Director, ONGC, and ... More

Titan's precision engg unit may clock Rs 10-cr turnover
TITAN Industries expects its precision engineering division, which manufactures fine components for automobile and aerospace companies, to touch a turnover of Rs 10 crore by the end of this fiscal. This new division has already clocked Rs 3.5 ... More

PERFORMANCE

Infosys Tech: Crunching costs to beat guidance
DESPITE lower volume growth compared to the previous few quarters, Infosys has been able to best by 6.5 per cent its earnings per share target for the second quarter ended September 2003 that it had set for itself. Gains from reduced incidence ... More

Vijai Electricals deploys Baan suite
VIJAI Electricals Ltd, the Hyderabad-based power transformer and other electrical products manufacturer, has deployed Baan discrete enterprise manufacturing suite, which, it maintains, has brought about a significant change in its overall ... More

P&G Hygiene rides on Vicks sales in Q1
THE September quarter was possibly one of the best quarters in recent times for Procter & Gamble Hygiene and Health Care Ltd (P&G) primarily because good monsoon rains have pushed up sales of Vicks, one of its leading brands. "During the ... More