Tags:
Journalism of Courage
Canbank
MUMBAI: Canbank Factors Ltd, the premier factoring company has opened its sixth branch in Mumbai. Canbank Factors is a NBFC governed by the RBI rules/guidelines from time to time and is also engaged in leasing in a limited way. The company has been awarded acirc;euro;tilde;MAA rating by ICRA indicating high safety for their fixed deposits programme and acirc;euro;tilde;A1 indicating highest safety for their commercial paper programme.
Salora Intl
MUMBAI: The net sales of Salora International Ltd for the quarter ended June 1998 have improved to Rs 39.46 crore from Rs 24.49 crore, an increase of 61 per cent. The operating profit has registered a growth of 76 per cent from Rs 1.78 crore to Rs 3.14 crore. The net profit has increased from Rs 1.03 to Rs 2 crore.
IVR pays 30
MUMBAI: The directors of IVR Constructions have recommended a higher dividend of 30 per cent for the year ended March 1998 against 18 per cent paid last year. Net sales/income from operations during the year amounted to Rs 78.52 croreRs 46.53 crore and earned a gross profit of Rs 7.60 crore Rs 4.43 crore and a net profit of Rs 4.32 crore Rs 2.39 crore.
