
2:1 bonus from EIL
MUMBAI: 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 Orient
MUMBAI: 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 Company8217;s products in India. BOI has introduced Lead8217;s Multimedia and Multimedia Pro in the India market.
Online magazine
MUMBAI: The country8217;s first online business magazine, Domain-B8217;, 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.Com8217;. Domain-B caters to internet subscribers8217; need for business information and provides focussed and organised information to business executives and professionals, the company said here today.
Gulf Oil plans
MUMBAI: 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.
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