MUMBAI: JM Mutual Fund has declared its second interim dividend of 2.50 per cent under the dividend plan of the JM Liquid Fund (income fund) for the quarter ended September 1999. With a yield of 14 per cent, JM Liquid Fund-Growth plan continues to be among the top-performing fund in its category for the one-year period ended September 24, 1999. According to Aashutosh Bishnoi, President and Chief Executive, "the investment objective of JM Liquid Fund is to provide a high degree of liquidity and current income to investors."

CSL to up stake

MUMBAI: Chowgule & Co Ltd (CCL), a major constituent of the promoter group of Chowgule Steamships Ltd (CSL), will increase its stake in the latter through a preferential route. In a notification issued to the BSE today, CSL said that its board has approved issue of 1.37 crore equity shares on a preferential basis to CCL.

Hewlett HP

NEW DELHI: Hewlett Packard India today launched a new photo quality printer and anexclusive photo website aimed at enhancing its market in the country. HP India, a fully-owned subsidiary of US-based Infotech major, said the next generation printer would combine the best everyday printing to produce breathtaking photos, vivid colour graphics and crisp black text.

Citil H1 profit up

MUMBAI: Citicorp Information Technology Industries Ltd (Citil) has posted a 50 per cent rise in profit before tax during the six months ended September 1999 at Rs 34.16 crore, on a turnover of Rs 89.43 crore, which is 51 per cent growth over the same period of previous year.

ICICI sells stake

MUMBAI: ICICI Ltd has sold 4,09,150 equity shares of K G Khosla Compressors Ltd, representing 3.99 per cent of the company's equity to its promoters. In a statement here, ICICI said the sale was effected at a price of Rs 14.35 per share.

Oracle revamp

New Delhi: US-based infotech major Oracle Corporation today said it will revamp its career education programme in India and would soonintroduce a new curriculum exclusively focusing on business aspect of e-commerce. "We plan to introuduce a new curriculum in three to sixmonths time aimed at moulding business technologists who can fill the gaps that exists in e-business field," Andrew Killen, vice-president (education) Oracle Asia Pacific told PTI.

"The programme is in its initial stage and we are sure of introducing it by first quarter of 2000," Andrew said, adding that the curriculum is targetting industry and corporate segment in the initial phase.