INTERNAL SOURCES GAINING GROUND IN FUNDING PLANS
Article Abstract:
A study conducted by the Economic Times Research Bureau of 505 companies during 1997-98 has shown that the companies are depending more on internal accruals for funding their projects. The dependence on internal funds increased by 36 percent on a year-on-year basis to Rs10,581 crore during 1997-98 (Rs10,178 crore in 1996-97). The total asset formation fell by 2.3 percent to Rs29,430 crore (Rs30,124 crore). The making of gross fixed assets fell by 6 percent. Formation of gross capital fell by 3 percent. Inventories grew by 27 percent to Rs2,910 crore. There was a shift in the generation of internal resources, dependence on the capital markets, banks and financial institutions. They also sought external funds. (ag) ------------------------------------------------------------ Fund-flow of 505 manufacturing companies ------------------------------------------------------------ Particulars 1997-98 1996-97 (Rs in crore) ------------------------------------------------------------ Internal sources 10,581 10,178 ------------------------------------------------------------ External sources 18,849 19,946 ------------------------------------------------------------ Capital market 5,058 6,135 ------------------------------------------------------------ Borrowings 8,901 8,758 ------------------------------------------------------------ Current liabilities 4,890 5,054 ------------------------------------------------------------ Gross fixed assets 18,977 20,302 ------------------------------------------------------------ Investments 2,047 3,072 ------------------------------------------------------------ Current assets 8,406 6,750 ------------------------------------------------------------
Comment:
India: Dependence on internal funds ups by 36% on yr-on-yr basis to Rs10,581 crore during 1997-98 vs Rs10,178 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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MICO PLANS TO INVEST Rs500 CR IN 3 YRS
Article Abstract:
Motor Industries Company Ltd (Mico), a company controlled by Bosch, has decided to invest Rs500 crore over a period of three years and increase its products portfolio in India. It has decided to invest Rs200 crore and set up a manufacturing unit for fuel injection equipment. Domestic manufacturers of vehicles will have to adopt new emission norms by 2000 AD and petrol injection engines and equipment will help them achieve the new standards. (khr)
Comment:
Decides to invest Rs500 crore over period of 3 years and increase products portfolio in India
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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PHILIPS PLANS TO SING LOUDER IN INDIA
Article Abstract:
Philips India has introduced a range of digital consumer electronic products, including digital versatile disc player, digital camera and palm-top personal computer in India. The new products are to be sold through three select retail outlets per city in Mumbai, New Delhi and Bangalore. All the new products will be imported and the company does not have any plans to set up a manufacturing unit for them in India. (khr)
Comment:
Introduces a range of digital consumer electronic prods, including digital disc player, digital camera & plam-top computer
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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