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

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Pfizer, Goodyear, Premier Automobiles

PFIZER Some Worries PFIZER INDIA, an affiliate of the US pharma major Pfizer, performed well during the year ended November 30, 1998. While net sales increased by 172.9 per cent (Though figures for the two years are not strictly comparable as the previous period is a 20-month period, all percentages have been annualised to facilitate comparison), the company

Siemens, Castrol India, Bata India

SIEMENS Seeking Alliances ENGINEERING major Siemens fared poorly during the year 1997-98. While net sales declined by 14.7 per cent (as the previous period 1996-97 is an 18-month period, figures for the two years are not strictly comparable. However, all percentages mentioned have been annualised to facilitate comparison.) over the previous year, operating profit declined by 3.9 per cent. Nevertheless as compared to a loss of 155.6 crore in the previous period, loss during the year under review was restricted to Rs 56 crore.

Modi Rubber, Modi Xerox, Fujitsu ICIM

MODI RUBBER Good Mileage MODI RUBBER, a Modi group company, witnessed a mixed performance during the year ended September 30, 1998. While net sales declined by 5.8 per cent the previous period being a 15-month period, figures for the two years are not strictly comparable, all percentages mentioned have been annualised for the sake of comparison, operating profit improved by 9.9 per cent over the previous year, 1996-97. A decline in interest (down 5.8 per cent) and depreciation provision (lower by 3.7 per cent) helped the company post a lower net loss of Rs 2.9 crore as compared to a net loss of Rs 24.9 crore in the previous year.

Deceleration of Monetary Growth

There was a significant deceleration in monetary growth in 1998-99 if the accruals from the Resurgent India Bonds are excluded. The slowing down was particularly sharp in deposit money growth, attributable to the fall in farm output in 1997-98 and the three-year long industrial stagnation. There was also a decline in income velocity reflecting the slackness in real economic activity.

Sterlite Industries, Lupin Laboratories, Procter & Gamble

STERLITE INDUSTRIES Rise in Sales and Profits THE copper and cable manufacturing company Sterlite fared well in 1997-98. While the company

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