2:1 bonus from EILMUMBAI: The board of state-owned Engineers India Ltd (EIL) today announced a 2:1 bonus issue to its shareholders and declared a dividend of 150 per cent for the year 1998-99. The board, which met here to consider the audited accounts, also announced a net profit of Rs 118 crore showing a 62 per cent growth during the last financial year as against 1997-98 figures of Rs 73 crore, an EIL release said. The company has also reported much enlarged operations during the financial year 1998-99 with its turnover at Rs 391.73 crore up 26 per cent from Rs 311.2 crore in the previous year, the release said.Bunka OrientMUMBAI: Bunka Orient India (BOI), part of the Bunka Group of Japan, through a strategic tie-up with Lead Technologies Inc of USA will promote the American Company's products in India. BOI has introduced Lead's Multimedia and Multimedia Pro in the India market.Online magazineMUMBAI: The country's first online business magazine, `Domain-B', edited byKiron Kasbekar, former managing editor of Business India, has been launched in the city. The site address of the magazine, promoted by Information Company Private Ltd, is `Domain-b.Com'. Domain-B caters to internet subscribers' need for business information and provides focussed and organised information to business executives and professionals, the company said here today.Gulf Oil plansMUMBAI: Lubricant major Gulf Oil India has shelved its proposed oil-refinery project and is instead firming up plans to start a base-oil manufacturing facility near an existing refinery, according to chairman Venkatasubramanian. The project is estimated to cost Rs 1,500 crore and will aim to integrate the proposed base-oil facilities with one of the existing refineries. Top
