ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Business Notes

Business Notes
August 12, 1967 THE distress selling in groundnut and groundnut oil on July 28 did mark the end of the declining trend which had been in progress for quite some time and had brought down the spot...
into certain priority sectors like exports, engineering industries, small-scale industries and agricul- tural inputs on easier terms is a pointer in that direction. The stock market appears to be...
has suffered a sharp setback in its working during the year ended March 31, 1967. The preliminary figures released by the Com- pany along with the dividend announcement indicate that the gross...
 curb and larger consumption of cottonseed oil and imported soyabean oil and sunflower oil this season. Besides, larger imports of mutton tallow have also affected the demand for groundnut oil by...
nounced a dividend of 7 per cent to the unit holders for the year ended June 30, 1967, the same as was paid for 1965-66. Since dividend income from units up to Rs 1,000 is free from income-tax,...
nounced a dividend of 7 per cent to the unit holders for the year ended June 30, 1967, the same as was paid for 1965-66. Since dividend income from units up to Rs 1,000 is free from income-tax,...
flationary pressures notwithstanding. Economic difficulties have begun to show themselves in increasing labour unrest. The stock market continues to present a gloomy look. Rarely, if ever at all,...
YET another week has gone by but Dalai Street is still undecided about its next important move. Even the speculators' favourites have been drifting idly in a very narrow range. Business has dwindled...
ket for caster oil through adequate incentive and if need be the foreign exchage earnings can be utilised to import cheaper edible oils., This We help check the malpractice of without affecting the...
Synthetics and Chemicals SYNTHETICS AND CHEMICALS is trying to get out of the woods. Against an installed capacity of 30,000 tonnes of synaprene rubbers per annum, the Company was able to produce...
break of war between Israel and the UAR on Monday sent a tremor through the stock market and it was forced to beat a hasty 'retreat under pressure of anxious bull liquidation and bear selling...
for many years. A year ago, on the eve of devaluation, linseed oil was quoted around Rs 3,000 and cantor oil around Rs 2,500. Groundnut "oil had shot up from Rs 4,500 in June last to Rs 5,575 by...
Tata Textile Group NAVAL H TATA, Chairman of the Tata group of textile mills, feels that the result of the prosperous units for 1966 should not be taken as an index of the state of health of the...
 'Chinese Foreign Policy'. Asia Pub- lishing House, 1964. 46 Dutt, op cit, p 22-23 and following. 48 Radna Kamal Ghosh, 'Partners in Aggression p 14. 49 See Nehru'r. speech in Lok Sabha, 50Dutt, op...
Jessops Face Adversity JESSOP and Company has had a difficult year in 1965-66, with sales recording a slump of Rs 1.80 crores at Rs 16.05 crores against the previous year's Rs 17.85 crores. The...
Hindustan Lever THE vice-chairman of Hindustan Lever, R Ramaswami, stated at the Company's annual general meeting recently that the production of vanaspati industry has lagged far behind demand over...
 and machinery which are not obtainable within the country is essential not only for production but also for research without which none of the advances in food technology is possible. Although in...
United Commercial Bank THE CHAIRMAN of the United Commercial Bank, I P Goenka, feels that central bank credit at bank rate should be more freely available to meet the increased demand of finance...
United Bank of India S B DUTT, Chairman of the United Bank of India feels that the Bank rate should be reduced substantially for the general revival of the Indian economy. He has stated at the...
Indian Aluminium reports a substantial reduction in the profit before tax and development rebate at Rs 3.84 crore (in 1905, Rs 5.03 crore). The net profit per ordinary share dropped to Rs 3.08 (in...
The Annuals statements of V A Grantham, Chairman of the Chartered Bank, have been, over the years, followed in this country more for the observations they contain on South East Asian economic affairs...
 however, fulfilled these hopes. In the present overstrained economic conditions, serious doubts arise about the ability of the economy to raise the resources for the Plan. The present approach to...
and talks that are proceeding include measures for improving the plantation output coupled with some compensation to the former owner companies. The strength of the present government has still to...
 however, fulfilled these hopes. In the present overstrained economic conditions, serious doubts arise about the ability of the economy to raise the resources for the Plan. The present approach to...
 however, fulfilled these hopes. In the present overstrained economic conditions, serious doubts arise about the ability of the economy to raise the resources for the Plan. The present approach to...
 ICICI. Officers of the Uttar Pradesh State Industrial Corporation, of the Kerala State Industrial Development Corporation and the State Industrial and Investment Corporation of Maharashtra were...
ing system for the expenditure does not indicate the comparative physical and financial progress, nor does it facilitate the measurement of the progress against targets because no budgetary targets...
observers nonetheless persist in the view that Moscow's continued noncommittal attitude is explained by political reasons, the chief of them being its anxiety not to be misunder- BUSINESS NOTES...
results for the year to August 1966 with sales moving up by 12 per cent to Rs 25 crores and the pre-tax profit by 17 per cent to Rs 87 lakhs. Equity dividend has been stepped up to 13 per cent from...
EID-Parry's Soda Ash Venture A CONTRACT was signed in Tokyo on January 16 between EID-Parry, Madras, and Tokyo Engineering Corporation, Tokyo, for the supply, erection and commissioning of a plant...
January 14, 1967 what has been mentioned in the Directors' Report
Export Your Company, to whom the Honourable Minister of Commerce addressed an appeal during the year, decided to launch a crash programme of export to the Middle Eastern markets where ample scope...
December 31, 1966 in getting the import licence clearance from our Government and once these are forthcoming, the fertiliser plant would be put up in the shortest possible time. In spite of power...
Dim Prospects for Belapur THE CHAIRMAN of Belapur Co Ltd, Neville N Wadia, feels that the prospects for the sugar industry for 1966-67 are not bright because the drought conditions have resulted in...
which the Shipping Corporation had come to be the residual legatee of Jayanti Shipping and added that the Corporation as such was claiming equality, if not precedence, for the rights of this Tramp...
December 10, 1966 a position where they have to support the two parties alliance or no alliance. For example, the organisation set up to demand the creation of a Navsari district from the present...
THE PROFITABILITY of West Coast Paper has recorded a small decline during the year ended June 30, 1966, after successive improvements over the preceding five years. Despite a rise in production and...
that on an average 3 persons work in a trading establishment, there will be about twenty five lakh trading establishments in India and it would be rather difficult to collect data from all these two...
ject to commercial considerations (the most relevant factor being what Adam Smith called self-interest), and, as many Governments have shown, it is for them to strike the best bargain. One of the...
November 12, 1966 ... Since the very inception of the project, regular attendance and other service records of these categories of workmen have not been kept, as it were, with a view to depriving...
it 'ought' to be, it' this method of measurement of the tax burden is adopted. Choice of Method One obvious conclusion from the employment of the various methods of computation is that there is no...
the tertiary sector to the national income in a planned economy (specially in the initial stages of development), can be viewed as an increase in wasteful use of resources and in inequality of...
Better Prospects for FACT THE OUTLOOK for Fertilisers and Chemicals, Travancore, appears a little better this year than in the last, according to the chairman of the Company, P A Menon. He told...
Better Prospects for FACT THE OUTLOOK for Fertilisers and Chemicals, Travancore, appears a little better this year than in the last, according to the chairman of the Company, P A Menon. He told...
Tata Power Group THE CHAIRMAN of the Tata group of hydro-electric companies, Naval H Tata, is not in a position to accurate- ly forsee at the present juncture the impact of devaluation and the...
October 1, 1966 must be put down to statutory levies like Emergency Risk Insurance and labour charges in large measure. On the last day of the financial year, the Company made a bonus share issue in...
October 1, 1966 must be put down to statutory levies like Emergency Risk Insurance and labour charges in large measure. On the last day of the financial year, the Company made a bonus share issue in...
THE YEAR 1965-66 was again a year of great stress and strain for the Indian jute industry, mainly due to the continued shortage and high prices of raw jute and an all-round increase in the cost of...
GWALIOR RAYON does substantial credit to the ability, enterprise, technology, and resourcefulness of the Birlas. It is perhaps the only unit in the country to have successfully expanded from the raw...
MAFATLAL'S NOCIL petrochemical project has become substantially costlier. The first integrated petrochemical complex in India, it is now estimated to cost Rs 47 crores against Rs 31 crores in August...
THE 29TH ANNUAL REPORT of Mettur Chemicals & Industrial Corporation discloses once again the dependence of not only Indian agriculture but also of industry on the vagaries of monsoon.
THE MAKERS of Ambassador cars and Bedford trucks have produced a mixed bag. Sales have declined from Rs 41 crores to Rs 40 crores while gross profit (profit before interest, managing agents'...
THE PROFITABILITY of Greaves Cotton has shown consistent improvement over the past several years. The chairman, Shri L M Thapar expects to maintain this growth for several years. Subsidiary and...
THE DEMAND for cables is bound to improve in years to come in view of the accelerated emphasis on industrialisation and selfreliance outlined in the Fourth Plan draft. The growth in the production of...
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