NATIONAL 'Inflation to be contained at 4-4.5 pc this fiscal'
New Delhi: Unfazed by rising inflation at over 6.0 per cent, Finance Minister Jaswant Singh today (Jan 21, 2004) said the Government was confident it would be contained at 4 to 4.5 per cent annual average by March end, as projected by Reserve Bank of India (RBI).
Infrastructure sector grew 5.9 % in Dec 2003
New Delhi: Mirroring the buoyancy in economy, India's key infrastructure sector grew 5.9 per cent in December 2003, as opposed to a growth of 4.4 per cent in the same month in 2002.
'Hyderabad rapidly becoming a BPO hotspot'
New Delhi: Buoyed by the current outsourcing trend, Software Technology Park of India, Hyderabad, is aiming an export turnover of $ 1 billion in the current fiscal.
OVL to buy 11 pc stake in Sudan oil field for $ 125 mn
New Delhi: ONGC Videsh Ltd, the overseas arm of Oil and Natural Gas Corp, will acquire 11 per cent stake in a 744 million-barrel oil field in Sudan for $ 125.4 million.
Fitch upgrades India's foreign currency rating
Mumbai: Fitch Ratings today (Jan 21, 2004) upgraded India's long-term foreign currency rating and affirmed the long-term local currency rating even as it expressed concern over the poor fiscal performance, which continues to constrain the ratings.
Sensex fluctuates irregularly in morning trading
Mumbai: After opening on a promising note, the Sensex fluctuated irregularly in continued volatile activity during morning trading on the Bombay Stock Exchange (BSE) today (Jan 21, 2004) even as Wipro announced encouraging Q3 performance.
Wipro Q3 net profit jumps 19 pc to Rs 274 cr
Bangalore: Software major Wipro Limited today (Jan 21, 2004) reported a net profit of Rs 274 crore for the third quarter ending December 31, 2003, showing a 19 per cent jump over the corresponding quarter of the previous fiscal.
HTMT net profit up 37 per cent at Rs 22.54 crore
Mumbai: Hinduja TMT has posted a 37 per cent rise in net profit at Rs 22.54 crore for third quarter ending December 31, 2003, compared to Rs 16.51 crore reported in same period previous fiscal.
