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Open offers catch up
WHEN the Tata group came up with an open offer last year to acquire VSNL's share from the public at Rs 220 per share, less than 10 per cent of the public shareholders accepted the offer. It's a pity that so few of them thought it fit to take ...
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Satyam Q3 income up, net down
FALLING marginally short of its revenue guidance, Satyam Computer Services Ltd has recorded a 16.93 per cent increase in total income while its net profit dipped 2.25 per cent year-on-year for the third quarter ended December 31, 2002. The ...
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Tariff cuts hit MTNL profits
MAHANAGAR Telephone Nigam Ltd (MTNL) has posted a decline in net profit of up to 33.8 per cent, at Rs 217.06 crore for the third quarter ended December 31, 2002, compared to Rs 328.01 crore in the corresponding quarter in the previous year. ...
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Novartis terminates trials on Dr Reddy's compound
IN another blow to the basic drug discovery activities of Dr Reddy's Laboratories Ltd, the global pharmaceutical giant Novartis on Thursday announced its decision "to discontinue further development of DRF-4158", an insulin sensitiser compound ...
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SEBI debars Hinduja TMT for 2 years
THE Securities and Exchange Board of India today restrained Hinduja TMT Ltd from dealing in securities as a capital market intermediary for two years for violating its regulations. Hinduja TMT, formerly Hinduja Finance Corporation, which acted ...
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Tata Steel net vaults 711 pc on product-mix, volumes
HIGHER volume and richer product mix backed by improved steel prices helped Tata Steel post a 711 per cent increase in profit after tax to Rs 280.23 crore for the third quarter of 2002-2003 as against the previous corresponding Rs 34.54 ...
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World Cup contract: Cos playing hardball
IS it India first or cricket first? With the World Cup barely two weeks away, the stand-off with the International Cricket Council (ICC) over the contracts issue shows little sign of relenting with corporate India fighting it out on a different ...
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Brahmananda passes away
PROF P.R. Brahmananda, noted economist and President of the International Economic Association (IEA), died here on Thursday following a cardiac arrest. He was 77. Prof Brahmananda was only the fourth Indian to be made the honorary president of ...
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