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Since 1st March, 1999
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Business Briefs

Piramal to meet Buddha

Calcutta, July 14: Ajay Piramal, chairman and managing director of Nicholas Piramal, will be here tomorrow to explore opportunities for expanding the group’s drug manufacturing activities in the eastern zone. He will meet chief minister Buddhadeb Bhattacharjee, top officials of the chief minister’s secretariat confirmed. Piramal had met Bhattacharjee during the latter’s visit to Mumbai and had promised to come here.

Mastek net up

Mumbai, July 14: Mastek group has recorded a 22 per cent rise in net profit at Rs 50.5 crore for the year ended June 30, 2003, compared with Rs 41.4 crore in the previous year. Total income also rose by 30 per cent at Rs 380.2 crore (Rs 292.6 crore), Mastek said in a release here today.

Hikal bonus

Mumbai, July 14: The board of Hikal Ltd, a chemical product company, has recommended issuance of bonus shares in the ratio of 1:2, subject to shareholders’ approval, the company informed the Bombay Stock Exchange.

Yahoo centre

Bangalore, July 14: Seeking to leverage India’s strength in software, global internet firm Yahoo ! Inc is setting up its first research and development centre outside the US in Bangalore where the focus would be on product innovation and cutting-edge technology for the company worldwide.

Vinod Dhall

New Delhi, July 14: The government today appointed Vinod Dhall as officer on special duty of the newly created Competition Commission, set to replace the Monopolies and Restrictive Trade Practices Commission.

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