Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mohan Marette who wrote (4383)	5/27/1999 8:51:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

US analysts rationalise India's airstrikes Aziz Haniffa WASHINGTON 27 MAY DESPITE the US State Department expressing concern about the hostilities in the Kargil-Dras sector of Jammu & Kashmir, some intelligence analysts and experts here said they could understand New Delhi's rationale behind the airstrikes. Some even drew the analogy of Israel's airstrikes against alleged Palestinian terrorist camps in Lebanon. However, they quickly agreed that unlike the action that the Israelis are reputed for, India's airstrikes were “on India's side of the LoC (Line of Control)”. One intelligence analyst, speaking acknowledged that India's decision to use air power to flush out the infiltrators was unprecedented. But, he noted that “what appears to be going on is a relatively new kind of situation for Kashmir”. “You got a large group of militants who are threatening to cut off a principal ground communications route for India, the road that goes up to Leh,” the analyst explained. “And from what I can tell by looking at the map, that's the only road there is.” Another senior official, said that probably, Prime Minister Vajpayee wanted to send out a message — that despite having a caretaker government, India still meant business. “Don't mess around with us” was probably the message the Vajpayee government wanted to disseminate to Pakistan. Obviously, these elements thought that they could take advantage of India's political flux, the official explained. Stephen Cohen, heads, South Asia Programme at Brookings Institution, a prestigious think-tank here, agreed with the analyst's contention. — IANS economictimes.com

To: Mohan Marette who wrote (4383)	5/27/1999 9:11:00 PM
From: Mohan Marette	Respond to of 12475

Corporate Results-HPCL revenue up 26.7% to $6.1 billion,net up 28.5% to $213 mil. hindpetro.com HPCL net profit rises 29%, govt nominees block bonus Our Mumbai Bureau 27 MAY HINDUSTAN Petroleum Corporation Ltd has posted a 28.5 per cent increase in net profit at Rs 901 crore ($213m) for the financial year '98-99, from Rs 701 crore ($177m) in '97-98. HPCL has announced a dividend of 110 per cent, compared to the previous year's 50 per cent. But the board of HPCL which met today failed to take a decision on the issue of bonus shares due to lack of consensus. While the government nominees on the company's board were not too keen on a bonus issue, the company nominees favoured it. Earlier, the company had informed stock exchanges of its intention to come out with a bonus issue. Today's development has disappointed many shareholders and employees of the company. HPCL's turnover for '98-99 rose to Rs 25,995 crore ($6,141m) from Rs 20,513 crore ($5193m) in the previous year, a growth of 26.7 per cent. HPCL refineries at Mumbai and Vizag have recorded a throughput of 9.07 million tonnes against the 8.84 MT in the previous year. The paid-up equity share capital has gone up to Rs 225 crore in '98-99 from Rs 221 crore in '97-98. The earning per share has risen to Rs 39.84 from Rs 32.19 in the previous year. The company is planning to expand the capacity of its Vizag refinery from 4.5 MT to 7.5 MT. The new plants are expected to go on stream by September '99. Two diesel hydro-desulphurisation plants costing Rs 750 crore each are being installed at these two refineries. The company is considering setting up a 500 MW power plant in association with the Andhra Pradesh Electricity board. The plant would be based on vacuum tower residue from the company's Vizag refinery. There are also plans to set up an LPG cavern storage of 60,000 metric tonne capacity as a joint venture with Total SA of France. economictimes.com

To: Mohan Marette who wrote (4383)	5/27/1999 10:17:00 PM
From: zamir	Read Replies (1) \| Respond to of 12475

Mohan What goes around comes around. India is getting what it deserves.