MUMBAI: Microsoft on Tuesday for the first time unveiled Windows 2000 Release Candidate to the Indian developer community at TechEd'99 in Mumbai. The Windows 2000 is the next generation of the Windows NT server series of operating systems. Building on the strengths of Windows NT server 4.0, this generation of operating system is a comprehensive internet and applications platform.

Stratasys sale of RP system in India

MUMBAI: Stratasys Inc, the manufacturer of rapid prototyping devices, has announced the sale of its flaghip product, the FDM Quantum rapid prototyping (RP) system to Mahindra & Mahindra (M&M) Ltd. "We are pleased that M&M has decided in favour of the FDM Quantum," said Pradeep Nair, regional director, Asean. Stratasys is already the market leader in India with over 75 per cent market share.

Kaashyap Radiant plans public offer

MUMBAI: Kaashyap Radiant Systems Ltd (KRSL), a software eduction and development firm, has said that it isplanning an intital public offer (IPO) and is set to issue 32 lakh equity shares of Rs 10 each at par to raise Rs 3.2 crore on August 30, 1999.

Gruh Finance makes higher net profit

MUMBAI: Gruh Finance has earned a higher net profit of Rs 30.60 lakh during the first quarter ended June 1999 against Rs 21.12 lakh in the same period of last year. The business volume registered a growth of 49 per cent with disbursements clocking a figure of Rs 39 core as compared to Rs 26 crore in the same period of last year.

Ecoplast sales, profits rising

MUMBAI: The sales income of Ecoplast Ltd has increased by 80 per cent during the first quarter ended June 1999. This has resulted in a gross profit of Rs 49.18 lakh and a net profit of Rs 21.63 lakh against a loss of Rs 8.77 lakh in the same period of last year.

Kabra Extrusiontechnik pays 20 pc

MUMBAI: Kabra Extrusiontechnik has declared a dividend of 20 per cent for the year ended March 1999. It has achieved a sales income of Rs 28.54 crore(Rs 29.94 crore) and earned a net profit of Rs 1.89 crore against Rs 1.64 crore last year.

ICICI to consider $500 mn issue

MUMBAI: The board of ICICI Ltd will meet on August 19 to approve an equity issue totalling $500 million, including premium, to domestic and international investors, the Bombay Stock Exchange said on Tuesday. The issue also includes a preferential allotment of equity to principal domestic institutional shareholders, it said. ICICI's shareholders had approved the proposal to raise equity capital at an annual general meeting on July 30.