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Corporate Briefs

J&K Bank net profit up 35%

Jammu and Kashmir Bank has reported a 35 per cent rise in net profit for the first six months ended September 30 at Rs 198.50 crore against Rs 146.99 crore a year ago. Total income of the bank went up 9.5 per cent to Rs 1,008.85 crore in April-September from Rs 920.85 crore last year. Its operating profits grew 26.5 per cent year-on-year to Rs 332.81 crore from Rs 263.06 crore.

HDFC card

HDFC Bank has teamed up with National Insurance Company and Mastercard International to launch ‘HDFC Bank health plus credit card’ and expects to sell 15,000-20,000 cards in the first year of the alliance.

Quantum Corp

Quantum Corp, a global data storage firm, has introduced Mako PX720, an enterprise tape automation library designed to address backup and archive operations, while reducing customer costs.

SRL Ranbaxy

SRL Ranbaxy, a clinical testing laboratory, organised a symposium in Calcutta recently to apprise the medical fraternity about the latest developments in the field of diagnostics.

GE Medical

GE Medical Systems South Asia has launched Xeleris, a high-speed imaging workstation, to manage data and processing applications of many other workstations. Xeleris is designed to become the productivity hub of nuclear medicine and positron emission tomography imaging departments.

IBM servers

According to IDC’s enterprise server tracker report for the second quarter of 2003, IBM India has recorded the highest revenue market share growth of 7 percentage points year-on-year in the overall servers market.

SAIL plants

Steel Authority of India Ltd (SAIL) plants have crossed 100 per cent capacity utilisation to operate at 102 per cent of capacity in the first five months of the current financial year.

Whirlpool

Home appliances maker Whirlpool has launched Whitemagic Stainwash, a washing machine for effective stain removal.

Unichem

Unichem Laboratories has achieved a turnover of Rs 166 crore in April-August 2003 against Rs 144 crore in the corresponding previous period.

Pepsi launch

Pepsi has unveiled its international bottled water brand Aquafina in 25-litre packs in Hyderabad for the direct-to-home consumer.

UshaComm

The software development group of Usha Communications Technology, a convergent customer care and billing firm, has been awarded the Software Engineering Institute’s Capability Maturity Model Level 4 accreditation.


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