Hindustan Lever Ltd said on Monday that the sales in the first quarter of the year 2002 will be below the corresponding period of last year. This is due to both external and internal factors.
Kolkata-based UCO Bank has decided to write off a whopping Rs 1,764 crore of its capital against accumulated losses. The bank’s total capital is pegged at Rs 2,264 crore and after writing off the capital against the losses, it will be left with Rs 500 crore.
The Government has decided to disinvest 26 per cent equity in Hindustan Zinc Ltd (HZL) in favour of Sterlite Opportunities and Ventures Ltd, a special purpose vehicle promoted by Sterlite Industries (India) Ltd for Rs 445 crore amounting to Rs 40.50 crore per share.
In one of the biggest aviation orders ever from India, the board of government-owned Indian Airlines has decided to award its Rs 10,089 crore ($2 billion) order to European aircraft maker, Airbus Industrie in a meeting held in New Delhi on Wednesday.
State Bank of India, the largest commercial bank, has reduced its PLR and MTLR by 50 basis points to 11 per cent per annum and 11.5 per cent respectively effective from April 1.
NEW DELHI, April 30: Union Steel and Mines Minister Birendra Prasad Baishya today announced a hike in royalty rates of 38 key minerals ranging between eight per cent and 14 per cent. In a mines ministry notification dated April 11, the Centre also reinstated ad valorem rates for some minerals including gold, silver, copper and […]
MUMBAI, April 30: Grasim Industries Ltd, an Aditya Birla Group company has suffered a setback in its working results during the year ended March 1997. The net profit dropped to Rs 274.56 crore from Rs 331.80 crore. The earning per share declined to Rs 37.97 from Rs 45.89 last year. However, the dividend has stepped […]
NEW DELHI, April 30: The plans of the Department of Telecommunications to commercially launch the Qualcomm system have run into rough weather with the Telecommunication Engineering Centre (TEC) refusing to issue type approval certificate for the instrument after identifying serious faults during field trial. MTNL was planning to offer the WLL system on demand from […]
MUMBAI, April 30: Daewoo Motors India Limited (DMIL) is planning to produce one million cars in India in ten years with four new models including a small car rolling out in the next two years alone. The project for the mini car has already reached an advance stage and about 100,000 small cars would be […]
MUMBAI, April 30: The open ended equity related schemes of mutual funds (MFs) including the Unit Trust of India will publish their net asset values (NAV) on a daily basis, according to SEBI. In the case of closed ended schemes, mutual funds would disclose NAVs on a weekly basis. The changes in MF rules will […]
MUMBAI, April 30: The directors of Housing Development Finance Corporation Ltd (HDFC) have stepped up the dividend to 45 % for the year ended March 1997 from 37 % paid last year. The dividends on equity shares and preference shares will absorb Rs 53.60 crore and Rs 6.25 crore respectively. The board which meet here […]
NEW DELHI, April 30: The Public Accounts Committee (PAC) has sought details of the provisional tax assessment cases against ITC group of companies and Hindustan Lever from the Ministry of Finance. The PAC, in its 14th report tabled in Parliament on Wednesday, pointed out that the Finance Ministry should go into the details of cases […]
