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Friday, April 18, 2003
Industrial revival may sustain: NCAER
NEW DELHI, APRIL 17. The National Council of Applied Economic Research (NCAER) has projected that the industrial revival now underway would be sustainable, though to what extents it accelerates in the coming months would depend on the revival of ...
Wipro's net profit dips
BANGALORE, APRIL 17. Despite rupee appreciation and pricing pressures, Wipro today posted a 24 per cent growth in revenues for the year ended March 31, 2003. The company logged revenues of Rs. 4,338.30 crores during 2002-03 compared to Rs. ...
Justice Bhagwati begins enquiry into ICICI Bank panic run
MUMBAI, APRIL 17.The former Chief Justice of India, Justice P. N. Bhagwati, today began an enquiry into the recent panic withdrawals by ICICI Bank customers in Gujarat and is expected to submit his report in the next 7-10 days. ICICI Bank ...
Sify achieves cash break-even
CHENNAI, APRIL 17.Sify has reported a cash profit of $ 0.29 million (at $1 = Rs. 47.53) for the quarter ended March 2003. This the first time since its inception and 12 quarters after it went operational that Sify is reporting positive earnings ...
Sensex drops 48 points on heavy selling
MUMBAI, APRIL 17. The overnight rally was shortlived as blue chip stocks came under heavy pounding from domestic funds and a few operators and sent the Sensex reeling down to end 48 points lower on the Bombay Stock Exchange here today. The ...
Rupee ends steady
MUMBAI, APRIL 17. The rupee closed steady against the dollar at 47.35/36 amidst strong export dollar remittances and State-run banks absorbing the excess inflows at the interbank foreign exchange market here. Opening on a bearish note at ...
NIIT global revenue up 14 p.c. in Q2
CHENNAI, APRIL 17. NIIT has reported global system wide revenues of Rs. 216.30 crores in the second quarter ended March 31, 2003 against Rs. 189.20 crores in the corresponding quarter ended March 31, 2002, up 14 per cent on a year-on-year ...
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