Financial Daily from THE HINDU group of publications
Saturday, April 17, 2004

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Billion-dollar Wipro hands out 2:1 bonus — One-time dividend of Rs 25 per share; 17 pc rise in Q4 net, revenue
INFOTECH major Wipro Ltd on Friday topped market estimates and its guidance to record 17 per cent quarterly profit growth of Rs 274.3 crore while revenue grew 17 per cent to touch Rs 1,521.4 crore. The company also exceeded the billion-dollar ... More

It's business as usual at Wipro
WIPRO Ltd wore its billion-dollar mantle lightly - as top management took a business-as-usual approach to the year's earnings announcements. With revenues from the global and Indian IT services business having crossed $1 billion during the ... More

ONGC, GAIL to take additional subsidy hit of Rs 650 cr
OIL and Natural Gas Corporation (ONGC) and GAIL (India) Ltd are set to suffer an additional subsidy burden of Rs 650 crore on account of sale of `underpriced' kerosene and LPG by the public sector oil marketing companies (OMCs) to retail ... More

Power, mining draw large investments
According to a survey conducted by Projects Today, a division of the Mumbai-based Economic Research India Ltd, as of March 2004, 10,730 live projects with a total investment of Rs 20,21,608 crore are outstanding. This is a growth of 12.2 per ... More

Novartis to market Charak's products
THEY may sound like strange bed-fellows, but ayurvedic company Charak Pharma has inked an alliance with multinational pharma major Novartis India for the promotion of three animal healthcare products from the Charak stable. Mr Pulin Shroff, ... More

Future is in packaged software implementation
As per estimates from global research organisations and analysts, the packaged software implementation and support is one of the largest segments of the IT services market, accounting for 15 per cent of the total global IT spending. More

Guj Ambuja net up 106 pc; to pay 50% interim
COST reductions and better market prices have helped Gujarat Ambuja report a 106 per cent increase in net profit, year on year, for the third financial quarter ended March 31, 2004. Net profit for the quarter amounted to Rs. 145.23 crore, as ... More

Passenger vehicles sales in top gear — Crossed 1-million mark last fiscal
REDUCTION in excise duties on cars, attractive finance schemes and a rapid growth in automotive exports have ensured that passenger vehicles sales sped across the one-million-mark in the last fiscal. Total passenger vehicles (which includes ... More

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