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Top stories this week…

Mar 16, 2002

Aptech: Hard hit
Erstwhile Aptech Limited has been demerged with effect from April 1, 2001. According to the terms of the demerger, the training and education business has been hived off into a separate entity known as Aptech Training Limited. (Read more on the sector)

Cadbury: Bidding adieu?
Cadbury India finally made up for the missing Diwali sweetness during the Christmas quarter. It logged a 17% growth in topline, as against a staid 5% topline growth in the September quarter. Consequently, the company ended FY02 with a near 10% topline growth. (Read more on the sector)

Cellular: Coming of age
De-regulation has given a new lease of life to the Indian telecom sector. Cellular subscriber growth, after remaining sluggish for more than eight years, has accelerated in the last year. We take a closer look at subscriber growth trends in the country. (Read more the sector)

Gujarat Gas: Does the walk
Gujarat Gas declared a solid performance for the fiscal ended December '01. Topline of the company has been growing above 20% annually over the past three years. The company is primarily operational in the South Gujarat region. (Read more on the sector)

Nestle: Growth engine chugs on...
Nestle India declared nearly 15% topline growth in FY02. This makes it one of the fastest growing FMCG companies in India during the year. The company finished FY02 with a significant 46% growth in bottomline, aided by lower provisioning. (Read more the sector)

Reckitt: Joins open offer bandwagon
Reckitt Benckiser recently declared its annual results. What's more, its parent has chosen to go the 'Cadbury way'. The management has made an open offer for the remaining 49% equity shares at Rs 250 per share. (Read more the sector)

Shipping: In choppy waters
Shipping companies have been in the limelight over the last few months on the bourses. This is due to the proposed disinvestment of SCI. But business prospects remain challenging in light of the slowdown in the world economy. (Read more the sector)

Thomas Cook: The right ingredients
Year '01 was important for Thomas Cook. C&N Touristic AG acquired the U.K based parent company, Thomas Cook Holdings in mid-2001 resulting in an indirect change in control of the Indian subsidiary. This led to an open offer for additional 20% stake. (Read more the sector)

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