MUMBAI: Reliance Industries Ltd (RIL) will announce its half-yearly results for 1998-99 on October 8. A notice to this effect has been sent to the stock exchanges today. RIL in the first quarter had a 37 per cent increase in sales (Rs 3,645 crore) over the corresponding period in the previous year and a 18 per cent rise in net profits (Rs 441 crore) during the same period.

Mahindra Maximile

MUMBAI: Savita Chemicals, a leading manufacturer of lubricants having technical collaboration with Idemitsu Kosan Company Ltd, Japan launched Mahindra Maximile 6K Geneuine Engine Oil , specially developed for Mahindra diesel vehicles.This is a high quality engine oil developed by Idemitsu Kosan and Savita Chemcials at Savita's Turbhe plant.

BSE declares Shrenik Shah a defaulter

MUMBAI:The Bombay Stock Exchange (BSE) has declared Shrenik J Shah, holding a memership of the exchange, a defaulter.The declaration will not have any impact on the trade guarantee fund.Shah was declared a defaulter by the National Stock Exchange (NSE) on September 7, 1998.