The Hindu Business Line : Thursday, May 15, 2003

NTPC sounds Govt on ADRs — `5% of equity would net Rs 1,500 cr'
AS part of the resource mobilisation options, National Thermal Power Corporation (NTPC) has suggested to the Government that floating an American depository receipts (ADR) issue amounting to 5 per cent of its equity could net around Rs 1,500 ... More

Bajaj Auto net rises to Rs 538 cr on higher sales
BAJAJ Auto Ltd (BAL) on Wednesday reported a profit after tax of Rs 538.4 crore on a total turnover of Rs 5,070.5 crore for fiscal 2002-2003, as against previous corresponding figures of Rs 521.1 crore and Rs 4,402.7 crore respectively. The ... More

`DoT cannot force hotels to lower STD rates'
HERE'S some bad news for business travellers and tourists who frequently criss-cross the country but have still not activated the `roaming' facility on their cell-phones. Despite the sharp fall in STD rates, hotels can continue to bill them ... More

Costs may dent margins: Infosys — Filings with SEC list factors that could impact
OPERATING margins for software bellwether Infosys Technologies are likely to shrink further as the firm engages its engineers in increasing onsite assignments, even as it claims offshoring becoming mainstream. "While our global delivery model ... More

19% surge in April apparel exports
THE inaugural month of the current fiscal saw a surge in the country's readymade garments as such exports notched up a growth of 19 per cent in volume and 24 per cent in value terms to continue last fiscal year's sustained increase. Figures ... More

Guide issued for auditing, accounting in NPOs
THE Institute of Chartered Accountants of India (ICAI) has issued a technical guide on Accounting and Auditing in Not-for-Profit Organisations (NPO). Releasing the Technical Guide here, the ICAI President, Mr R Bupathy said that this ... More

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