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Issue dated - 22nd August 2002

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Corporate Update
Sensex surges on sustained buying support
After few lacklustre weeks and hitting double bottom at 2933 points, the market posted a recovery during the week ended Wednesday August 14.

P P Jewellers takes on a new shine with an apparel line!
Come October and Delhites will have another option added to their list of shopping stores. PP Jewellers, the name that was recently in news for its wax statues of actresses Shilpa Shetty and Sridevi, now has plans to make it big into the market with its apparel collection.

RIL blueprint to explore IPCL synergies
Reliance Industries (RIL) has drawn up a blueprint to exploit synergies between the recently acquired Indian Petrochemicals Corporation (IPCL) and its own petrochemical operations.

Arvind Mills unveils 150 new products
Arvind Mills (AML) has launched a new marketing initiative wherein it unveiled about 150 new products like Teflon coated fabric called Threads of Life.

 


This Week
EDIT
A turnaround to reckon with
Riding on the buoyant denim market as also backed by its restructuring programme, textile major Arvind Mills has posted a net profit of Rs 25.58 crore in the first quarter of the current fiscal as against a net loss of Rs 67.88 crore during the corresponding period last fiscal.


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