Bizbits

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Bombay Mercantile donates to NDF

MUMBAI: Bombay Mercantile Cooperative Bank Ltd, the largest urban cooperative bank of the country, donated Rs 25 lakh to National Defence Fund NDF for the rehabilitation of the familes of martyrs of Kargil. Bank chairman E H Turel and managing director Shamim Jazim presented the cheque to the Prime Minister on August 2, 1999. The bankhas also informed the PM about a unique scheme of the bank for rehabilitation of ex-servicemen.

Nilkamal Plastics profits rise in Q1

MUMBAI: The net profit of Nilkamal Plastics has risen sharply by 31 per cent to Rs 6.05 crore Rs 4.64 crore for first first quarter of 1999-2000. It gross sales have risen by 27 per cent to Rs 55.32 crore from Rs 43.40 crore. It is setting up two new units at Vasona and WB.

Hutchison Max Telecom launches EFR

MUMBAI: Hutchison Max Telecom has successfully introduced the latest in coding technology called the Enhanced Full Rate. The new technology feature is a great step forward in providing superior speech quality that is comparable to super sound performance.

Prelam plastic sections from Sintex

MUMBAI: Sintex Industries, pioneer and market leader in plastic water storage tanks, has now added pre-laminated sections for sophisticated and new-look furniture for offices and homes. With the launch of new sections, the companyhopes to achieve a turnover of Rs 150 crore in 1999-2000 against Rs 105 crore last year, according to S B Dangayach, whole-time director of the company.