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Corporate Briefing

FE NEWS SERVICE

Rhone-Poulenc net spurts 152% to Rs 8 cr: Rhone-Poulenc (India) has registered a 152 per cent jump in net profits to Rs 8.15 crore for the first quarter ended June 30, 1998, against Rs 3.23 crore in the corresponding quarter of the previous year. The jump in profits is essentially due to an item of prior years'adjustments of Rs 13.83 crore. Net sales for the period were higher at Rs 48.32 crore, compared with Rs 36.51 crore in the previous year. Net profit before charging payment under voluntary retirement scheme (VRS) and prior years'adjustments was Rs 5.11 crore, against Rs 3.23 crore in the previous year. Expenditure on VRS and other related payments was Rs 10.79 crore. Depreciation and provision for taxation were Rs 38 lakh and Rs 1.70 crore respectively.

Enkay Telecom, NEC to stage telecom show: Enkay Telecom and NEC of Japan are synergising their competencies to stage a telecom show. To be held on July 20 and July 21 in Mumbai, the NEC-Enkay telecom show is designed to provide an insightinto the integrated communication solutions conceived for the next millennium. The show will dwell on the seamless amalgamation of voice, data and image. It will also coincide with a technical seminar to be held on the same days.

Siemens Information sets up management consultancy group: Siemens Information Systems Ltd (SISL) has set up a management consultancy group to consolidate its position in the country's enterprise resource planning solution market. The group will focus on providing management consultancy including business process re-engineering studies, supply chain management solutions to various industry verticals. Siemens Information is a joint venture between Siemens Ltd (India) and Siemens Nixdorf Information Systems AG, Germany. It is in the business of providing software solutions and high end consultancy in both the Indian and global markets.

C-Dac and Oracle (India) form alliance: The Centre for Development of Advanced Computing (C-Dac) and Oracle (India), the Indian Rhone-Poulenc net spurts 152% to Rs 8 cr: Rhone-Poulenc (India) has registered a 152 per cent jump in net profits to Rs 8.15 crore for the first quarter ended June 30, 1998, against Rs 3.23 crore in the corresponding quarter of the previous year. The jump in profits is essentially due to an item of prior years'adjustments of Rs 13.83 crore. Net sales for the period were higher at Rs 48.32 crore, compared with Rs 36.51 crore in the previous year. Net profit before charging payment under voluntary retirement scheme (VRS) and prior years'adjustments was Rs 5.11 crore, against Rs 3.23 crore in the previous year. Expenditure on VRS and other related payments was Rs 10.79 crore. Depreciation and provision for taxation were Rs 38 lakh and Rs 1.70 crore respectively.

Enkay Telecom, NEC to stage telecom show: Enkay Telecom and NEC of Japan are synergising their competencies to stage a telecom show. To be held on July 20 and July 21 in Mumbai, the NEC-Enkay telecom show is designed to provide an insightinto the integrated communication solutions conceived for the next millennium. The show will dwell on the seamless amalgamation of voice, data and image. It will also coincide with a technical seminar to be held on the same days.

Siemens Information sets up management consultancy group: Siemens Information Systems Ltd (SISL) has set up a management consultancy group to consolidate its position in the country's enterprise resource planning solution market. The group will focus on providing management consultancy including business process re-engineering studies, supply chain management solutions to various industry verticals. Siemens Information is a joint venture between Siemens Ltd (India) and Siemens Nixdorf Information Systems AG, Germany. It is in the business of providing software solutions and high end consultancy in both the Indian and global markets.

C-Dac and Oracle (India) form alliance: The Centre for Development of Advanced Computing (C-Dac) and Oracle (India), the Indiansubsidiary of the US-based Oracle Corporation on Friday announced the formation of strategic alliance to provide solutions on business computing applications deploying advanced computing technologies such as data warehousing and multilingual information technologies. According to the MoU signed between the two organisations a Centre of Excellence (COE) for data warehousing and decision support solutions would be set-up at C-Dac in Pune.

Western Coalfields may open 26 new mines: The Western Coalfields Ltd (WCL) planned to open 19 coal mines in Maharashtra and seven in Madhya Pradesh during the Ninth Plan period. The total capital requirement for these 26 projects would be around Rs 1,901.08 crore, out of which Rs 971.59 crore is proposed to be spent during the Ninth Plan. For the Maharashtra coal fields the total amount to be spent would be 743.77 crore, while Rs 227.82 crore would be spent for the Madhya Pradesh coal mines, a release said.

Nasscom calls for early implementation of ISPpolicy: The National Association of Software & Service Companies (Nasscom) has called for early implementation of a private internet service providers (ISP) policy, following the high court order in favour of the government. The Telecom Regulatory Authority of India had earlier stayed the introduction of private ISPs.

IA schemes to woo passengers: Indian Airlines (IA) on Friday announced two bonanza schemes `Maha Maza' and `Jhatpat Mazaa' to woo air travellers to make use of IA services as part of its marketing strategy. Under the Maha Maza scheme the first prize winner would get a luxury car. The second prize winner would get 4 air tickets to any destination and 2 tickets to the third prize winner.

CBI files chargesheet against BHEL officials: The CBI has filed a chargesheet against seven Bharat Heavy Electricals Ltd (BHEL) officials and two businessmen, including a German national, for alleged criminal conspiracy and cheating to the tune of Rs 10.24 crore in the import of machineryfrom Germany.

Ciba Specialty Chemicals expansion plan: Ciba Specialty Chemicals (India) is embarking on an expansion of its additives division. A second anti-oxidant plant for the manufacture of two primary anti-oxidants is being set up at Santa Monica, Goa at an estimated cost of Rs 22 crore.

Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.

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