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SBI Home incurs Rs 5.28 cr loss
MUMBAI: SBI Home Finance Ltd (SBIHF) on Tuesday reported a net loss of Rs 5.28 crore for the quarter to September 30, 1999, against a loss of Rs 10.08 crore in the corresponding quarter of 1998. Income from operations increased during the second quarter to Rs 14.98 crore from Rs 13.66 crore in the three months to June 30, 1999. However, the income was lower when compared to the Rs 15.11 crore reported in second quarter of the previous year. In fact, the net loss for the latest second quarter is also higher when compared with the Rs 4.83 crore loss for the corresponding period of the previous year. This was on account of higher interest burden of Rs 18.81 crore against Rs 15.75 crore.
Dishnet plans to invest Rs 400 crore
MUMBAI: Dishnet plans to make an investment of Rs 400 crore over three years establish a nationwide Internet infrastructure in technology partnerships with world leaders. With the promoter already pumping in Rs 80 crore, the balance Rs 320crore will be raised through equity, debt and internal accruals. The company will be investing Rs 130 crore in gateways by March 2000. The company will expand its hub centres from 10 to 20 cities by December.
Meet on quality of lubricating grease
MUMBAI: The second education course on "quality of lubricating greases" organised by the National Lubricating Grease Institute, India chapter was inaugurated on November 14, by S Krishnamurti, executive director (lubes), BPCL at its Sewree Fort Club. While inaugurating the course, Krishnamurti lauded the role of NLGI-IC, which been successful in promoting the interest of grease consumers.
Raj Oil Mills launches new division
MUMBAI: Raj Oil Mills, manufacturers of Guinea and Cocoraj brands, has now launched a hair care division to cater to the demanding market of quality hair oils. The company has set up the new division with the aim to provide its consumers with quality products, which will be in the market soon.
Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.
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