Bizbits

Apollo Tyres

MUMBAI: Despite an estimated production loss valued at Rs 250 crore due to disruptions at its Kerala and Baroda units, Apollo Tyres has reported improved operations margins for the year ended March 1999. The company reported net sales of Rs 1151.16 crore and a profit of Rs 75.32 crore before depreciation and tax. The profit after tax stood at Rs 40.02 crore. It has proposed 40 per cent dividend.

NetAcross

MUMBAI: Netacross Ltd, a leader in the field of business to business internet technologies has launched Unison 1.5, the latest version of its highlyacclaimed ready-to-use intranet solution. Unison has already received such prestigious awards as the best of breed product from Compariscope and the best intranet software product of ’98 by LAN Magazine.

Jewellery show

MUMBAI: The Gem & Jewellery Export Promotion Council (GJEPC) council is holding the 16th India International Jewellery Show from June 19 to 22 at the World Trade Centre in Mumbai. This event is likely to be the largest and foremost industry show in the country. Leading exporters and gem and jewellery from India will exhibit their creations. Included will be jewellery in plain gold and studded with diamonds and colour stones, pearl and silver jewellery and articles. There will also be a special section on machinery. The council recall various seminars on the training facilities available in the country. The main focus of the non-technical seminars would be toinculcate interest.

Visesh Info

MUMBAI: Visesh Infosystems Ltd has launched its latest product "Businesspro", whichis a powerful and full integrated FRP package. This formal launch of the product is backed by thorough quality checks and upgradations following various installations at companies like Tata Honeywell Ltd, Galaxy Surfactants, Kellogs(I) Ltd, Schindler India Ltd, Verifone Ltd, Landmark group of companies and AL Quahtani Maritime.

Honda Siel

MUMBAI: Honda Siel Power Products Ltd, India’s leading player in the portable power product sector has maintained its dividend at 40 per cent for the third consecutive year. The company recorded a commendable growth at 11 per cent with an increase in turnover to Rs 170.2 crore from the previous year’s turnover of Rs 153.7 crore. It has registered a 12 per cent rise in net profit before tax at Rs 26.9 crore against Rs 24 crore and profit after tax at Rs 20.7 crore (Rs 19.46 crore).

Smith & Nephew

MUMBAI: Smith & Nephew, a leading world-wide healthcare company has commissioned its technologically advanced production facility at Sinnar, Nashik nearMumbai. Its commissioning marks the company’s entry into the manufacture of casting and wound care products through its fully-owned production facility in India. This will also make India the regional source of plaster of paris products for Asia-Pacific region.