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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (8369)	10/13/1999 5:09:00 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 12475

Good to see Holland's VNU taking over an important Indian market research company... And to all those saffron-langots and khakhi-knickers shouting themselves hoarse about the "comeback of the Dutch East India Company" blah blah blah -- here's the way to oblivion, please! :-)

To: Mohan Marette who wrote (8369)	10/13/1999 5:18:00 PM
From: Mohan Marette	Respond to of 12475

1:1 bonus from Gujarat Ambuja, profit up 194% Our Bureau (BL) MUMBAI. Oct. 13 GUJARAT Ambuja Cements Ltd at its board meeting today declared one bonus share for every equity share held in the company. Its net profit has surged 194 per cent to Rs. 50.05 crores during the first quarter of this year from Rs. 17.02 crores last year's first quarter. "In spite of the cement prices remaining at the same level at which they were two years ago, the performance was due to the all round cost reduction and improving the productivity further during the first quarter," the company said. During the quarter, it has sold 1.2 million tonnes of cement against 1.17 million tonnes last year during the period. Higher sales has pushed up turnover to Rs. 280.95 crores against Rs. 241.64 crores. The operating profit has jumped to Rs. 103.03 crores from Rs. 72.95 crores. Interest was lower at Rs. 22.34 crores against Rs. 27.69 crores. The company expects that the growth in cement sector to continue and expect it be about 15 per cent during the year. "Present indication leads us to believe that this growth rate will be maintained due to various policy initiatives already taken by the Government," Mr. Anil Singhvi, a Director of the company said in a statement.

To: Mohan Marette who wrote (8369)	10/13/1999 5:26:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

CompanyWatch: Infotech Enterprises Ltd infoteck.stph.net THE big story of the past fortnight has been rekindling of market interest in stocks from the information technology (IT) sector. IT stocks, with the notable exception of Tata Infotech, have been on a roll. The star performer in this period has been Infotech Enterprises. The acquisition of the entire stake of Cartographic Sciences from Analytical Surveys Inc has placed the company as one of the leading players at the global level. The stock has almost doubled in the last ten trading sessions and trades close to Rs. 1,125 per share.