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Infosys posts 37 pc growth in revenue -- Net up 28.5 pc; to pay Rs 20 total
SOFTWARE major Infosys Technologies beat its revenue target for 2001-02 by registering a growth of 37 per cent over the previous year, while its net profit surged by 28.5 per cent. The company clocked a net profit of Rs 807.96 crore on an ...
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Infosys' guidance: Few surprises
THE widely-awaited management guidance of Infosys Technologies for the year 2002-03 has finally been announced. And, there were few surprises in store as the revenue guidance more or less confirmed analysts' expectations and market speculation ...
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FII investment in telecom to be outside FDI cap
IN a significant decision that should give a boost to telecom companies starved of funds, the Government proposes to exclude FII investments from the 49 per cent FDI sectoral cap that is currently applicable. According to official sources, a ...
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Suzuki set to take control of Maruti with 56% stake -- Rights issue renunciation almost finalised
JAPAN'S Suzuki Motor Corporation (SMC) is set to take control of Maruti Udyog Ltd (MUL) with 56 per cent stake following a rights offering. "For this, we have negotiated a control premium and renunciation premium with Suzuki which would be ...
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`Reliance man unlikely to head BSES'
BSES continues to be a professional-run company even though the Reliance group is now the single largest stakeholder, according to Mr R.V. Shahi, Power Secretary-designate and currently Chairman and Managing Director, BSES Ltd. Mr Shahi told ...
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I-T rules on perks to be eased further
THE Finance Ministry is set to further relax the existing taxation rules on valuation of perquisites including the requirements on documentation. Last year, the I-T rules were rationalised for valuation of perquisites on the basis of their ...
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