Tips signs licensing deal with Warner music

The Indian music giant Tips Industries Ltd. signed a three years exclusive licensing deal with multibillion global music conglomerate - Warner Electra Atlantic International Inc. U.S.A. (WEA). This licensing agreement gives Tips Industries the right to manufacture and market Warner and it's affiliate's, namely Warner Brothers records Inc., Atlantic Records Inc., Elektra Entertainment Group and throughout India and its neighboring countries. To thoroughly market the vast and extremely diversified repertoire of Warner, Tips is setting up a department to handle the marketing of the Warner Label in India. The agreement also allows Tips to choose the music titles they want to market in India. At the same time Warner has earmarked some priority releases that Tips will also market. "Our agreement with Warner completes our project line and we will leverage our experience in Hindi and Regional Music to make Warner a success in India", Says Mr. Kumar Taurani, Managing Director of Tips Industries Ltd. With the Warner licensing deal, Tips is ready to play sweet music for the English music loving segment of the Indian market.

Marico Industries Q4 net up by 6.36%, FY-01 net up by 27.70%

Marico Industries Ltd has posted a net profit of Rs 106.9 million in the quarter ended March 31, 2001 as compared to Rs 100.5 million in the quarter ended March 31, 2000. The total income for the quarter ended March 31, 2001 is at Rs 1798.9 million as compared to Rs. 1706.3 million in MQ 2000. The net profit for the financial year ended March 31,2001 is at Rs 456.3 million as compared to Rs 357.3 million in the corresponding period last fiscal. Total Income for the year ended March 31, 2001 is at Rs 6611.7 million as against Rs 6495.5 million in FY-00. The growth in volumes has reflected in only a margin growth in turnover value because of two reasons. Firstly, during FY-01, Maximum Retail Prices (MRPs) of most Marico products were on an average lower than those during FY-00. Secondly, the turnover value excluded the turnover recorded by Marico Bangladesh Ltd (MBL), a wholly owned subsidiary (During FY-00 turnover in Bangladesh was recorded in Marico right until December 1999, when MBL had commenced its operations). For a correct comparison, if sales volumes for FY-01 are taken at FY-00 average prices and the Bangladesh turnover included, Marico would show a turnover growth of 15%, reflecting a growing consumer franchise, despite the recessionary conditions plaguing most of the FMCG companies. The Board of Directors has at its meeting held on April 23, 2001 recommended a Final Dividend of 60% for the financial year ended March 31, 2001. The dividend, if approved at the ensuing Annual General Meeting, will be paid out of the profits of the Company, to the members whose names appear in the Register of Members as on July 18, 2001. The Board of Directors has declared, on May 26, 200, as a first Interim dividend of 40% for the Year ended March 31, 2001. This Interim dividend has been paid to all Members whose names appeared in the Register of Members on Tuesday, September 19, 2000. The aggregate Dividend for the Year is thus 100%.

Arvind Mills Q4 results on April 30, 2001

Arvind Mills Ltd has informed BSE that a meeting of the Board of Directors of the company has been convened on April 30, 2001 to take on record the unaudited financial results for the quarter ended March 31, 2001.

TVS-Suzuki Q4 net down 80.75%, FY-01 net down by 29.92%

TVS-Suzuki Ltd has posted a net profit of Rs 42.30 million for the quarter ended March 31, 2001 as compared to Rs 219.80 million in the corresponding period last fiscal. Total Income for the quarter ended March 31, 2001 is at Rs 4520.50 million as compared to Rs 4451.10 million in MQ 2000. The net profit for the year ended March 31, 2001 is at Rs 612.50 million as compared to Rs 874.10 million posted in the financial year ended March 31, 2000. The total income for the year ended March 31, 2001 is at Rs 18681 million as compared to Rs 16260.90 million in the FY-00.

Bull to divest stake in PSI Data Systems

In a communication issued to BSE PSI Data Systems Ltd has said in the frame of 2001-2003 plan, Bull has started a review of its strategic alternatives regarding PSI. Among those alternatives, Bull is currently evaluating a number of different options including a possible divestiture of part or all of its equity stake in PSI to an investor who would continue ensuring the development of PSI. Bull intends to maintain strong business relations with PSI, keeping it as a business partner.

Extra Ordinary Items help Raymond post a net profit of Rs 3322 million in FY-01

Raymond Ltd has posted a net profit of Rs 3322 million for the year ended March 31, 2001 as compared to Rs 317.10 million in the financial year ended March 31, 2000. Total Income for the year ended is at Rs 13305.60 as compared to Rs 14539.10 million in FY-00. Pursuant to the Resolution passed at the Extraordinary General Meeting (EGM) held on February 15, 2001, the Company bought back 1,37,10,083 Equity Shares of Rs 10 each of the Company at an aggregate value of Rs 1862.50 million the average purchase price being Rs 135.85 per share. The scheme of amalgamation of Raymond Calitri Denim Ltd (RCDL), wholly owned subsidiary of the Company was approved by the Mumbai High Court and was implemented with effect from April 1, 2000. The above financial statement includes the results of the operations of RCDL for the year ended March 31, 2001. The Composition of Exceptional Items is as under: 2000-2001 (Rs in Million) Net Surplus on divestment of Cement and Steel Divisions 4471.80 and other settlement of claims consequent to the transfer Loss on sale of zero percent interest debentures of Reliance Industries Ltd (980.30) Loss on sale of investments in shares Other non recurring expenditure (99.80) Total 3391.70 The Board of Directors has recommended an equity dividend of 30%.

Bharat Electronics Q4 net up by 34.39%, FY-01 net up by 34.93%

Bharat Electronics Ltd has posted a net profit of Rs 879.20 million for the quarter ended March 31, 2001 as compared to Rs 654.20 million in the corresponding period last fiscal. Total Income for the quarter ended March 31, 2001 is at Rs 10084.10 million as compared to Rs 9138.70 million in MQ 2000. Net profit for the year ended March 31, 2001 is at Rs 1456.40 million as compared to Rs 1079.30 million in the corresponding period last fiscal. Total Income for FY-01 has increased by 15.93% as compared to the previous fiscal. Total Income for the year ended March 31, 2001 is at Rs 17149.50 as compared 14941.40 million in the previous fiscal.

Cadila Healthcare launches neurosciences division

Cadila Healtcare Ltd has informed BSE that it is all set to launch its fifth speciality division Zydus Neurosciences. The Neuropsychiatry segment in India is valued at Rs 6000 million, which incidentally forms just 5 per cent of the total pharmaceutical market. Of these 40 per cent are related to neurology and the remaining to psychiatry. The thrust therapy areas for Zydus Neuroscience will be that of antidepressants anti-convulsants, anti-psychotics, tranquilisers. Paroxetine (XET) will be an exclusive product which is being launched for the very first time in India by the Neuroscience division. The US FDA approved this selective serotonin inhibitor reuptake molecule in 1993. This speciality division of the company aims to compete in three major high growth segments namely antidepressants, anti-epileptics and anti-schizophrenics. Besides it also plans to focus on products aimed to relieve anxiety. The group has a major presence in various therapeutic segments. This new division of Zydus Neurosciences intends to make its mark in the neuropsychiatry segments. In this era of jet set lifestyles and increasing stress related factors it is no wonder that neurological disorders are on the rise.

Moser Baer Q4 net up by 94.34%, FY-01 net up by 213.95%

Moser Baer India Ltd has posted a net profit of Rs 385.59 million for the quarter ended March 31, 2001 as compared to Rs 198.40 million in the corresponding period last fiscal. Total Income for the quarter ended increased from Rs 530.30 million in MQ 2000 to Rs 1086.36 million in the quarter ended March 31, 2001. Net profit for the financial year ended March 31, 2001 stood at Rs 1385.06 million as compared to Rs 441.17 million in the corresponding period last fiscal. Total Income for the financial year ended March 31, 2001 is at Rs 3513.54 million as compared to Rs 1567.43 million in the financial year ended March 31, 00. Company's expansion projects to be implemented in a phased manner are progressing on schedule and the company expects them to be completed on time and within budgeted costs.

Indo Gulf Corp FY-01 net up by 18.59%

Indo Gulf Corporation Ltd. has posted a net profit of Rs 2516.70 million for the financial year ended March 31, 2001 as compared to Rs 2122.10 million in the corresponding period last fiscal. Net Sales have increased from Rs 20713.60 million in FY-00 to Rs 21988 million in the financial year ended March 31, 2001. Other income for the year ended March 31, 2001 is at Rs 499.10 million as compared to Rs 489.30 million in FY-00. The Board of Directors has recommended of 24% on equity shares for the year 2000-01. Copper Division sales have increased from Rs 12667.30 million in FY-00 to Rs 16903.40 million in the financial year ended March 31, 2001. Fertiliser Division sales have fallen from Rs 8046.30 million in FY-00 to Rs 5084.60 million in the financial year ended March 31, 2001.

BSE revises special margin on 23 scrips

BSE has informed members of the exchange that the following scrips which are at present under Special Margins will attract Special Margins as indicated hereunder with effect from Monday April 23 2001. The rates of Special Margins have been revised keeping in view the closing price of the scrip on the last day of the settlement. CODE NAME GROUP SPECIAL MARGIN (%) 410 A C C A 25 12599 ADANI EXPORTS A 25 31632 AVINASH INFORM B2 25 31907 DENIM ENTERPRIS B2 25 24170 DSQ BIOTECH B2 50 23864 DSQ SOFTWARE A 25 300 GRASIM INDUSTRY A 25 31984 GUJARAT FISCON B2 50 888 JAIPRAKASH INDS A 25 32127 MOBILE TELE B2 25 32279 RSL INDUS B2 25 32118 SAI INFO.SERVIC B2 50 378 SAW PIPES A 25 12028 SHONKH TECH B2 50 17411 SHYAM TELECOM A 25 32274 SOFFIA SOFTWARE B2 25 32221 SONATA SOFTWARE A 25 31830 TODAY'S WRITING B2 25 26707 TOUBRO INFOTECH B2 50 32035 UNISTAR MULTI B2 25 32325 VITAL COMM B2 25 32300 WOCKHARDT A 25 31404 ZICOM ELECT B2 25

HLL to consider amalgamation of subsidiaries

Hindustan Lever Ltd. has informed BSE that at its Board meeting to be held on April 24, 2001 for adoption of unaudited quarterly results of the Company for the quarter ending March 31, 2001 the company is also considering a proposal for amalgamation of its subsidiaries, namely International Bestfoods Ltd and Aviance Ltd. with the Company. The company also proposes to settle the draft Scheme of Amalgamation, decide the share exchange ratio and all other related and incidental matters.

Tata Elxsi to publish FY-01 results by June 30, 2001

Tata Elxsi Ltd has informed BSE that the company will publish the audited financial results for the year ended March 31, 2001 by June 30, 2001. Since the company will be publishing the audited financial results within a period of three months from the end of the last quarter the company will not publish the unaudited financial results for the quarter ended March 31, 2001.

Sterlite Optical Q3 net up by 139.11%

Sterlite Optical Technologies Ltd has posted a net profit of Rs 1002.60 million for the quarter ended March 31, 2001 as compared to Rs 419.30 million in the corresponding period last fiscal. Total Income for the quarter ended March 31, 2001 is at Rs 2358.20 million as compared to Rs 1504.50 million in MQ 2000. Export Sales for the quarter ended March 31, 2001 are at Rs 862.90 million as against Rs 36.20 million in MQ 2000. During the quarter the company allotted 79996 equity shares of exercise of options by employees as per the ESOP scheme.

Grasim curtails operations at its fibre plant due to water shortage

Grasim Industries Ltd has informed BSE that due to acute water shortage at Nagda. 1. The Company has started curtailing operations in its Staple Fibre plant located there and the operations are likely to be shutdown some time during first week of May 2001 till onset of monsoon. 2. The Company has started curtailing operations in its Chennai plant too, and from May 2001 till onset of monsoon, operations will be at about half of the normal level. By running all its Fibre Plants (including Nagda Plant) at full capacity till Mid-April the company has built up inventories to meet the requirements of its customers and maintain near normal sales level during April/June quarter of current financial year. In view of the various measures taken by the Company, the impact on profitability of the VSF and Chemical businesses for first quarter of current financial year is expected to be only marginal. Further, such impact, barring unforeseen circumstances, is likely to be largely neutralized in the remaining quarters through expected better performance of these businesses.

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