Bharati Healthcare fixes record date for rights issue

Bharti Healthcare Ltd has fixed December 18, 2000 as the record date for ascertaining the names of members entitled to receive the offer of 3 equity shares for every one equity share held on the record date in the ensuing rights issue of 6964011 equity shares of Rs 10/- each at a premium of Rs 5/- per share of the company.

Cisco selects Infosys to establish center for next generation products

Infosys Techonogies Ltd a leading product co-development partner for Internet infrastructure companies, and Cisco Systems, Inc.the worldwide leader in networking for the Internet, today (November 2, 2000) announced a collaboration to develop state-of-art networking solutions including voice-related applications and optical technologies. Under the terms of the agreement, Infosys will establish a dedicated development center in Bangalore, India that will grow to 200 people in the first year of operations. Infosys experience in working with the Enterprise Voice Business Unit (EVBU) and the Optical Transport Business Unit (OTBU) of Cisco providing IP-based tools and testing for Cisco's products has evolved into a partnership built a Cisco-Infosys Dedicated Development Center. This center will progress into a center of competency providing development, testing and sustenance activities for a whole range of Cisco products. We were impressed with Infosys engineering talent and the training program that has helped create this talent pool. We also liked their management caliber. stated Prem Jain VP/GM Enterprises Line of Business. Infosys was already working on certain technologies and related applications that we were interested in. After a successful pilot run, we decided to strengthen our relationship with a strategic partnership and the establishment of a dedicated offshore center with them. Infosys is excited about partnering with Cisco.We believe we can be a long-term, sustainable presence in Cisco's drive to deliver next generation communication solution to the market, stated Hari Murthy, Head of Worldwide Business Development for the Communications Practice for Infosys.

Cadbury Q3 net up by 32.16%

Cadbury India Ltd has posted a net profit of Rs 177.90 million for the quarter ended September 30, 2000 as compared to Rs 134.60 million in the corresponding period last fiscal. Net sales for the quarter ended September 30, 2000 are at Rs 1866.80 million as compared to Rs 1667.70 million in SQ 99. Other income has decreased from Rs 30.6 million in SQ 99 to Rs 22.50 million in SQ 2000. The Company has entered into a Memorandum of Understanding on July 5th, 2000 to sell its immovable property at Colaba, Mumbai for a consideration of Rs 80 million. The Sale has been completed and consideartion received on October 30, 2000 after receipt of approval from the appropriate authority under Chapter XX-C of the Income Tax Act 1961 and the same will be accounted in the fourth quarter.

Chicago Pneumatic Q2 net up 101.49%

Chicago Pneumatic India Ltd has posted a net profit of Rs 27/- million for the quarter ended September 30, 2000 as compared to Rs 13.40 million in SQ 99. Net sales have increased from Rs 263.50 million in SQ 99 to Rs 289.40 million in the quarter ended September 30, 2000. Other income has increased from Rs 4.80 million in SQ 99 to Rs 11.60 million in SQ 2000. At the Extraordinary General Meeting of the Company held on September 6, 2000, the Shareholders of the Company have approved the amalgamation of the Company with Atlas Copco (India) Limited with effect from April 1, 2000. Further, the Shareholders have also approved a share exchange ratio of three equity shares of Rs 10/- each of Atlas Copco (India) Ltd, for every five equity shares of Rs 10/- each held by shareholders of Chicago Pneumatic India Ltd. The Scheme of Amalgamation of the Company with Atlas Copco (India Limited is pending with the Honorable High Court and the next hearing has been fixed for November 8, 2000.

Cybermate Infotek Q2 net profit up by 141.19%

Cybermate Infotek Ltd has posted a net profit of Rs 18.09 million for the quarter ended September 30, 2000 as compared to Rs 7.50 million in SQ 99. Total Income for the quarter ended September 30, 2000 is at Rs 41.25 million as compared to Rs 22.32 million in SQ 99.

Amalgamation of Sree Rayalseema Power approved with Sree Rayalseema Hi-Strength

The Board of Directors of Sree Rayalseema Power Corporation Ltd has approved the draft scheme of Amalgamation of Sree Rayalseema Hi- Strength Hypo Ltd wef April 01, 2000. The shareholders of Sree Rayalseema Power Corporation Ltd would be allotted one equity share of Rs 10/- each fully paid of Sree Rayalseema Hi- Strength Hypo Ltd for every six equity shares of Rs 10/- each fully paid up held by them in Sree Rayalseema Power Corporation Ltd.

Garware Wall Ropes subsidiary acquires entire shareholding of InterMedia Interactive

Garware Wall Ropes Ltd has informed BSE that Subashish Investments & Trading Company Ltd a subsidiary engaged in Software has acquired the entire shareholding of InterMedia Interactive Solutions Inc a USA company engaged in advanced software activities.

Blue Star Q2 net profit down by 12.16%

Blue Star Ltd has posted a net profit of Rs 36.10 million for the quarter ended September 30, 2000 as compared to Rs 41.10 million in the corresponding period last fiscal. Total Income has increased for the quarter ended September 30, 2000 is at Rs 1192.70 million as compared to Rs 1193.10 million in SQ 99. The Paid-up Equity share capital of the Company stands reduced to Rs 203.20 million consequent to the spin-off of the International Software Division into Blue Star Infotech Limited.

Pentagon Global Q2 net profit at Rs 40.25 million

Pentagon Global Solutions Ltd. has posted a net profit of Rs 40.25 million in the quarter ended September 30, 2000 as compared to Rs 0.98 million in SQ 99. Total Income for the quarter ended September 30, 2000 is at Rs 150.45 million as compared to Rs 12.93 million in SQ 99. A new Software Development Center with state-of-the-art facilities to accommodate about 65 software professionals has been set up at T. Nagar, Chennai which has been approved as a Software Technology Park. New Training Centre have been opened at Mumbai and Bangalore Training Centres at Jaipur Pune Ahmedabad and Vijayawada are coming up shortly. For promoting overseas business separate susidiaries have been incorporated in US, Malaysia & Botswana.

Navneet Publications Q4 net profit down by 15.05%, FY 2000 net profit up by 18.91%

Navneet Publications Ltd has posted a net profit of Rs 35.88 million for the quarter ended September 30, 2000 as compared to Rs 42.24 million in the corresponding period last fiscal. Total Income for the quarter ended September 30, 2000 is at Rs 324.08 million as compared to Rs 258.45 million in SQ 99. The company has posted a net profit of Rs 282.40 million for the financial year ended September 30, 2000 as compared to Rs 237.47 million in FY 99.Total Income has increased from Rs 1455.35 million in FY 99 to Rs 1768.23 million in the financial year ended September 30,2000. The company has been allotted 49,86,500 equity shares of Rs 10/- each (Rs 3/- per share paid-up) of Navneet Equipment Limited, a wholly owned subsidiary of the company. The Company has invested Rs 1.50 crores till date The connectschool.com a Website for school partnership program of the wholly owned subsidiary, Navneet Equipment Ltd. has been made live and is progressing well. In view of seasonal nature of business, financial results of this quarter of the year are not representative of the operations of the Company for the year as a whole.

Other income helps Trigyn Tech post a rise in net profit of 85.32% in Q2

Trigyn Technologies Ltd has posted a net profit of Rs 56.47 million in the quarter ended September 30, 2000 as compared to Rs 30.47 million in the quarter ended September 30, 99. Net sales have increased form Rs 165.64 million in SQ 99 to Rs 238.37 million in the quarter ended September 30, 2000. Other income has increased form Rs 3.48 million in SQ 99 to Rs 40.31 million in SQ 2000. The company has issued 612000 equity shares of Rs 10/- each to The Private Equity Fund (Mauritius) on April 3, 2000 in terms of the options exercised against the warrants held by them.

Mirc Electronics Q2 net profit down by 14.27%

Mirc Electronics Ltd has posted a net profit of Rs 85.90 million for the quarter ended September 30, 2000 as compared to Rs 100.20 million in the corresponding period last fiscal. Net sales for the quarter ended September 30, 2000 are at Rs 1967.20 million as compared to Rs 1828/- million in the quarter ended September 30, 99. Other income has increased from Rs 3.5 million in SQ 99 to Rs 12.90 million in the quarter ended September 30, 2000. The Board has recommended 2nd Interim dividend of 15% for the quarter ended September 30, 2000.

Aurobindo Pharma Q2 net profit up by 34.92%

Aurobindo Pharma Ltd has posted a net profit of Rs 251.10 million in the quarter ended September 30, 2000 as compared to Rs 186.10 million in the corresponding period last fiscal. Total Income has increased from Rs 1747/- million in SQ 99 to Rs 2624/- million in the quarter ended September 30, 2000. Subject to receipt of necessary approvals, the Board of Directors have approved a Scheme of Amalgamation for merger of Sri Chakra Remedies Limited with the Company. As per the scheme 3 equity shares of Aurobindo Pharma Limited will be exchanged to the shareholders of Sri Chakra Remedies Limited for every 100 equity shares held by them in the said company on record date. The exchange ratio was based on the valuation of shares done by M/s. Ernst & Young, Financial & Management Consultants.

Container Corporation Q2 net profit up by 33.74%

Container Corporation of India Ltd has posted a net profit of Rs 556.8 million in the quarter ended September 30, 2000 as compared to Rs 416.30 million in SQ 99.Total Income has increased from Rs 1998.20 million in SQ 99 to Rs 2784.60 million in SQ 2000.

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