Bizbits — SBT gets more autonomy

MUMBAI: Pressman Ltd has reported encouraging results for the six-month period ended September 1997. It has reported an income of Rs 1994.58 lakh compared to Rs 1656.12 lakh in the same period last year, an increase of 20 %. The gross profit has increased by 11 % to Rs 1052.46 lakh compared to Rs 944.92 lakh. The net profit as per prudential norms has increased to Rs 586 lakh compared to Rs 560.74 lakh.

Charagh Din to expand base

MUMBAI: The state-of-the-art trouser factory of Charagh Din in Kandivali has started production in a big way. Charagh Din trousers have been in the field for the last ten years, providing the customer’s choice. Harish Daswani, the owner of the company, says his customers come from as far away as Nagaland and Mizoram. With a mailing list of 10,000, about 40 per cent of the trousers are brought through mail order. Most of the customers, according to Daswani, are businessmen and individuals of high net worth.

State promises to boost industry

MUMBAI: State chief Minister Manohar Joshi said his government was committed to providing necessary assistance for the growth of industry and economy of state. "My government has already introduced a round-table conference system in Mantralaya for the speedy clearance of industrial projects and remove bottlenecks," he said at a meeting to celebrate the first anniversary of Western Regional council of FICCI.