Financial Daily from THE HINDU group of publications
Wednesday, April 20, 2005

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TCS net profit drops in Q4 — Company's shares fall by 8.37 pc
TATA Consultancy Services Ltd (TCS) today reported a consolidated net profit of Rs 471.79 crore on an operational income of Rs 2,603.97 crore for the fourth quarter of 2004-05.This is a 34 per cent decline from the reported third quarter net ... More

TCS triggers fall — Sensex sheds more in volatile trading
STOCK markets shifted momentum mid-trade, after TCS announced results, to close with a loss of 21.92 points. The bourses opened strong on Tuesday with many counters witnessing value buying. However, when TCS revenue and profit announcements ... More

VAT panel not to introduce new rate for 3 months
THE Empowered Committee of State Finance Ministers on value-added tax (VAT) does not favour, for now, the introduction of a new VAT rate between 4 and 12.5 per cent. This position of the VAT panel has been conveyed to the Delhi Government, ... More

Safety of baby products — Health Ministry under pressure to deliver verdict
THE Health Ministry is under pressure to pronounce its verdict on whether the baby products manufactured by companies such as Johnson & Johnson, Himalaya Drug Company and Emami are safe or not. Top officials in the Ministry said that as the ... More

Short on crew... pay up and sail
IN a decision that has baffled shipping companies, the Government has asked them to pay for any shortfall in the mandatory number of officers on board. Till now, if a shipping company fails to employ the mandatory number of officers on a ship, ... More

Indo-Pak amity heralds hope on prospects for mutual trade benefits
PAKISTAN President General Pervez Musharraf's three-day whistle-stop schedule in India and his meeting with the Prime Minister, Dr Manmohan Singh, on the sidelines of a one-day cricket match between the two countries , got the attention of the ... More

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