The Hindu Business Line : Saturday, July 24, 2004

Kelkar panel favours lower, fewer tax rates
IN what could be a departure from the existing approach to tackle the Government's fiscal problems, the Kelkar Taskforce has recommended that fiscal consolidation should henceforth be `revenue-led' rather than based on reduction in ... More

Rupee touches one-year low
DRYING up of dollar supplies in the domestic forex market along with strengthening of the greenback overseas dragged the rupee down to close at its lowest levels in one year on Friday. The domestic currency ended at 46.32/34 against the dollar ... More

Wipro Q1 net rises 73 pc at Rs 357 cr
WIPRO Ltd surpassed expectations with a 11.3 per cent sequential net profit growth at Rs 357 crore even as its revenue slid marginally to Rs 1,769 crore. Net profit surged 73 per cent on a year-on-year basis while revenue was up 48 per cent from ... More

Wipro to cap growth in Bangalore
WIPRO Ltd said it plans to cap its expansion in infrastructurally-challenged Bangalore and invest in centres such as Kolkata and Kochi to spur further growth. High attrition rate and rising wage cost in Bangalore, the country's technology ... More

Wage hike may hit Wipro Q2 margins
WIPRO Ltd said that its operating margins in the future quarters could witness some pressure as the company plans to hike wages in its global software division in the current quarter. The compensation factor along with IP (Intellectual Property) ... More

Priyamvada's will contains long-term succession plan
THE late Priyamvada Birla has spelt out a clear and long-term succession plan for the M.P. Birla group. According to sources, she has clearly stated in the will that Mr R.S. Lodha has expressed the desire to turn to philanthropic activity ... More

Left parties oppose move to privatise airports, write to PM
THE Left parties have again opposed the Government's move to privatise the airports in Delhi and Mumbai. In a letter to the Prime Minister, Dr Manmohan Singh, Left party leaders, who include the CPI (M) Member of Parliament and Chairman of the ... More

ICICI Bank Q1 net up 26 pc — Gets RBI nod for 75 pc dividend
ICICI Bank Ltd has recorded 26 per cent rise in net profit at Rs 430.74 crore for the first quarter ended June 30 against a net profit of Rs 340.2 crore in the corresponding previous period. Net interest income increased 39 per cent to Rs 631 ... More

Bharti Q1 profit soars to Rs 296 cr
BHARTI Tele-Ventures' net profit for the first quarter ended June 2004 soared to Rs 296 crore compared to Rs 31 crore in the corresponding quarter last year. The telecom company's revenues touched Rs 1,705 crore, which is an increase of 65 per ... More

Global players hike urea price by 25 pc for MMTC tender
IN what could be the first signal of hard times ahead on the farm front over the next two-three months, urea prices in the international market has gone up by more than 25 per cent in a fortnight. The Government woke up to this unhappy ... More

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