Quicktakes — IFCI net up 6.67 pc at Rs 378.56 cr

NEW DELHI: The Industrial Finance Corporation of India (IFCI) announced a net profit of Rs 378.56 crore for 1996-97, up from Rs 354.9 crore...

NEW DELHI: The Industrial Finance Corporation of India (IFCI) announced a net profit of Rs 378.56 crore for 1996-97, up from Rs 354.9 crore in the previous year. The rise in net profit is 6.67 per cent.

Announcing the results, Chairman and Managing Director K D Agrawal said the board which met earlier in the day has recommended a dividend of 30 per cent.

RIL bonus

MUMBAI: Reliance Industries Ltd (RIL) has finally ended the 14-year bonus drought by recommending a liberal bonus issue of one-for-one. This bonus issue exceeded market expectations and was widely welcomed.

Depression

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VISAKHAPATNAM: A depression has formed over north-west Bay of Bengal and neighbourhood. It lies centred about 200 km south-east of Calcutta and is likely to intensify further and move in a north-westerly direction.

J&K leaders held

SRINAGAR: Three leaders and four activists of Hurriyat Conference were today taken into “preventive custody” following a clash between the police and demonstrators here