Century Plyboards net profit up by 42 per cent

Monday, May 1, 2006, 22:56 [IST]

Kolkata, Sun 30 (UNI) Leading plywood veneer and laminates manufacturer Century Plyboards (I) Limited posted a 42 per cent jump in net profit at Rs. 11.04 crore in 2005-06 from 7.77 crore in the previous year as the company announced its unaudited financial results for the year ended March 31, 2006.

The turnover of the comopany for the year stood at Rs. 27.02 crore compared to Rs. 16.70 crore last year registering a 62 per cent increase.

After providing for depreciation of Rs. 3.35 crore this year, the profit before tax was 13.61 crore as against Rs 9.47 crore last year showing an increase of approximately 44 per cent.

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Inflation rises to 3.24 to 3.55 pc

Monday, May 1, 2006,22:57 [IST]

Mumbai, May 01 (UNI) Inflation rose to 3.55 per cent for the week ended April 15, from 3.24 per cent in the previous week mainly due to costlier manufactured and non-food items. Wholesale prices rose by 3.55 per cent as besides manufactured and non-food items, aviation fuel also became costlier; but inflation was lower than 5.91 per cent in the year ago period, according to a data released by the Government. Wholesale Price.....

Banking industry looking for SEZs to boost credit

Monday, May 1, 2006,22:57 [IST]

New Delhi, May 1 (UNI) Notwithstanding the tight liquidity situation and the emerging sellers' market, the banking industry is looking for its next wave of credit growth from special economic zones (SEZs). More than 50 per cent of the non-farm credit would be directed towards these zones. ''Once activities get started at the proposed SEZs, credit demand and disbursement would see an impressive growth,'' official sources said today. As many as 117 SEZs have been given.....

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As heat rises, power demand touches 3240 MW, highest this season

Monday, May 1, 2006,22:57 [IST]

New Delhi, May 1 (UNI) As the mercury continues its upwards movement, so do the power demands of the capital which today touched 3240 MW during the peak period, the highest of this season. With the power demand already reaching the 3240 MW mark, Delhi Transco sources say that the demand during the peak Summer season could easily cross last year's maximum demand of 3626 MW experienced on June 23 last year. Though the Delhi Transco.....

Sena urges Centre to restore sugar dealer licensing to check prices

Monday, May 1, 2006,22:57 [IST]

Chandigarh, May 1 (UNI) The Shiv Sena today urged the Centre to restore sugar dealer licensing, so as to get control on hording and subsequent artificial shortage of sugar. Addressing a press conference here, Shiv Sena leader K L Gidwani said, '' The forward trading of sugar on NCDEX allows parties to hold any desired amount of stock for as long as he wishes. Thus, private parties with deep pockets horde the prices of essential.....

Shiv Sena demands increase in bonus and MSP of wheat

Monday, May 1, 2006,22:57 [IST]

Chandigarh, May 1 (UNI) The Shiv Sena today demanded increase in the bonus from Rs 50 to Rs 100 on the minimum support price of wheat and making the procurement price Rs 750 per quintal. Addressing a press conference here, Shiv Sena leader K L Gidwani, while welcoming the Government's decision to give a bonus of Rs 50, said the Government needs to further increase the bonus to Rs 100 per quintal in order to.....