Bizbits

Microtech

MUMBAI: Cadam Systems Company CSC, a leading vendor of desktop mechanical engineering CAD/CAM software company, has gifted 100 Helix design software packages valued at Rs 4 crore to IIT, Delhi. This was part of an MOU signed by CSC and IIT-Delhi which include free maintenance and upgrades for the next five years. The arrangement was coordinated through Microtech Software and Consultants, the partners of CSC in India.

Ion Exchange

MUMBAI: ION Exchange India posted a net profit of Rs 12.44 crore during the year ended March1998 Rs 10.82 crore on a net income from operations of Rs 186 crore Rs 176.84 crore. The directors have stepped up the dividend to 35 per cent 30 per cent. Interest costs fell significantly by 19.7 per cent. Exports including deemed rose to Rs 37.6 crore, an increase of 36.7 per cent over last year8217;s Rs 27.5 crore.

Raghuvanshi BanK

MUMBAI: Raghuvanshi Co-operative Bank Ltd has launched the Automatic Telebanking8217; services at its Khetwadi branch, Grand Road, Mumbai.