The Telegraph
Since 1st March, 1999
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Business Briefs

Cipla net up 6% at Rs 66.4 cr

Mumbai, Jan. 18: Cipla has reported a 6.08 per cent higher net profit at Rs 66.46 crore in the third quarter ended December 2002 compared with Rs 62.65 crore in same period of 2001-02. Total income in the period under review also increased to Rs 392.87 crore against Rs 381.5 crore in the third quarter of last fiscal, the company informed the Bombay Stock Exchange today.

Forex reserves

Mumbai, Jan. 18: The rise in India’s foreign exchange reserves continued with further fresh inflows and export remittances of $ 595 million pushing the forex reserves past the $ 71-billion mark during the week ended January 10. The country's foreign exchange reserves increased from $ 70,752 million to $ 71,347 million in the period under review.

OCL buyback

Mumbai, Jan. 18: The board of OCL India, formerly Orissa Cement, has approved a proposal to buy back up to 11,83,708 shares of the company at Rs 80 per share aggregating Rs 9.5 crore, payable in cash.

Kribhco MD

New Delhi, Jan. 18: The managing director of Krishak Bharati Cooperative (Kribhco), V. N. Rai, has been appointed chairman of Oman India Fertiliser Company.

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