Financial Daily from THE HINDU group of publications
Friday, April 22, 2005

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As direct merger will cost Rs 2,000 cr — Govt favours BSNL taking stake in MTNL
AN estimated outgo of Rs 2,000 crore is forcing the Government to look at options other than a direct merger between Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL). Faced with costs relating to revising pay-scales, ... More

Satyam net jumps 51 pc in fourth quarter
SATYAM Computer Services Ltd has recorded a growth of 32.28 per cent in revenues and 51.37 per cent in net profit for the fourth quarter of fiscal ended March 31, 2005. On revenues of Rs 953.36 crore (Rs 720.7 crore), the company posted a net ... More

Satyam to buy consulting firm based in Europe
SATYAM Computer Services Ltd has decided to acquire Europe-based Citisoft, a $16-million specialised business and systems consulting firm focussed on the investment management industry. Announcing this here on Thursday, Satyam Chairman, Mr B. ... More

Corporation Bank Q4 net down 10 pc
CORPORATION Bank's fourth quarter net profit fell nearly 10 per cent over the year-ago period mainly on account of higher provisioning for bad loans and lower income from investments in bonds. Net profit for the full year ended March 31, 2005 ... More

UTI Bank Q4 net up 34 pc
UTI Bank's net profit rose by 33.82 per cent to Rs 116.54 crore for the quarter ended March 31, 2005 as compared to Rs 87.09 crore for the corresponding quarter last year mainly on growth in fee income and advances. The bank has recommended a ... More

A Motorola handset for Rs 1,700!
THE world's cheapest mobile handset will soon hit the Indian market for a takeaway price of only Rs 1,700. The mobile handset, manufactured by Motorola, will have all the basic features including short messaging. Company executives were ... More

Inflation rises on costlier edible items
THE annual wholesale price index-based inflation rose by 5.48 per cent for the week ended April 9, as against the previous week's level of 5.26 per cent. The 0.22 per cent increase in the year-on-year inflation rate during the latest reported ... More

TRAI cuts bandwidth tariff by up to 70 pc
THE Telecom Regulatory Authority of India (TRAI) on Thursday announced up to 70 per cent reduction in domestic leased line tariffs. The decision will benefit Internet service providers and the IT and IT-enabled service sectors such as business ... More

MIP schemes disappoint
RETURNS generated by monthly income plans offered by mutual funds over the past one year have proved to be a major washout with MIPs providing an average score of 4.17 per cent, barely above the rate given by savings bank deposits. Investors in ... More

Bajaj Auto taking vendors to Dubai on 2-day trip
LIFE is a picnic for the 200-strong vendor community of Bajaj Auto Ltd or at least it will be for a couple of days in end-April — the entire lot takes off on an all-expense-paid trip to Dubai, courtesy Hamara Bajaj. The entire top ... More

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