Indian Rayon net risesMUMBAI: Aditya Birla group company Indian Rayon has recorded a marginal increase in net profit at Rs 10.21 crore during the second quarter ended September 1999 against Rs 9.76 crore in the previous quarter ended June 1999. Figures for the last year was not comparable with those of the quarter ended September 1999. Indian Rayon has recorded a turnover of Rs 280 crore for the quarter ended September 30, 1990, against Rs 275 crore in the previous quarter. The company's gross profit stood at Rs 29.92 crore as compared with Rs 29.42 crore, the release added. Gross profit stood at Rs 29.92 crore as compared with Rs 29.42 crore.Sun F&C fundMUMBAI: Sun F&C plans to launch a balanced fund with no entry load in the initial offer. Balanced schemes have become the flavour of the current season, with Birla Mutual Fund and Prudential-ICICI collecting around Rs 500 crore from their recently closed balanced schemes. The balanced fund from Sun F&C will invest 60 per cent of itscorpus in equity and the balance in debt. The scheme will have a dividend plan and a growth plan. The scheme will be offered at Rs 10 per unit for a period of three weeks, with a minimum subscription of Rs 5000 and multiples of Rs 1000.ArchiesMUMBAI: Archies Greetings and Gifts Ltd has reported a net profit of Rs 5.36 crore for the six months ended September 30 1999 against Rs 2.94 crore during the same period last year. The turnover of the company has gone up to Rs 30.62 crore from Rs 25.02 crore in the same period last year. Gross profit stood at Rs 8.69 crore as compared with Rs 4.54 crore. Other income stood at Rs 31.47 lakh against Rs 19.73 lakh.SuryodayMUMBAI: Suryoday Allo-Metal Powders Ltd (SAMPL) has achieved a turnover Rs 13.66 crore with a net profit of Rs 2.60 crore during the year 1998-99. The performance of the first quarter has been encouraging. The turnover and profit are Rs 3.69 crore (Rs 3.04 crore) and Rs 0.78 crore (Rs 0.74 crore).Raymond rangeMUMBAI:Textile firm Raymond Ltd has launched an exclusive range of lightweight and extra smooth suit lengths, developed in-house after an expenditure of about Rs one crore on R&D. Only 250 pieces of these suit lengths, priced in the range of Rs 39,000 to Rs 45,000 each will be created, Raymond managing director Gautam Singhania said at the formal launch here.Bacardi-MartiniMUMBAI: Bacardi-Martini India Ltd is planning to get into the medium-level liquor segment, where the volumes are higher, according to a company official. At present it has two products in the premium segment - Bacardi Carta Blanca, its white rum launched in March 1998 and Bacardi Reserva, the brown rum launched recently. The Indian company was formed through a 74:26 joint venture between Bermuda-based Bacardi and Gemini Distilleries.CyberspaceMUMBAI: Cyberspace Technologies has tied up with domestic PC manufacturer Minicomp to bundle its CDs. Under the deal, Cyberspace will develop over 29 CDs on various topics rangingfrom education to e-biz, all of which will be marketed through Mincomp. "The CDs worth Rs 4,500-Rs 12,500 will be distributed free with the PCs," a press release said.
