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Intel’s stake in INCablenet: Complex deal, complex valuations

Apr 26, 2000

One of the bigger venture capitalists in the infotech, communication and entertainment sectors seems to Intel Capital, the venture capital arm of Intel Corporation. The company has picked a 49% stake in Grant Investrade (a subsidiary of Hinduja Finance) which in turn holds a 6.7% stake in IndusInd Media Communication (IMC) the owner of the multi system cable operator under the brand name INCableNet.

Hinduja Finance Corp. reports a net profit of Rs 71.8 m

Jan 20, 2000

Its positive income from operations and lower interest expenditure, depreciation and provisions for non-performing loans have driven it to report a net profit.

SRF posts a decline in margins

Jan 20, 2000

SRF Limited has posted a 5.5% increase in net profits during the 3QFY00. The company has suffered on account of a decline in other income. The effect of this has however been diluted by the lower interest costs.


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