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9.5% EPF rate okayed for FY03, 04
The finance ministry on Friday ratified the interest rate of 9.5 per cent for about 4 crore subscribers of Employees Provident Fund for 2002-03 and 2003-04. However, the ministry is awaiting the......
India Inc: Sustaining performance
Fiscal year 2003-04 had gone down as another good year (after a strong FY03) for India Inc. However, Q1 FY05 results season is already nearing its end. We decided to delve into our own Quantum......
Cement: Pre-budget sector analysis
The cement sector grew at a CAGR of 8.0% between FY99-FY03. However, in FY04, the sector grew at a slower rate of 5.5%. Though infrastructure development and robust housing growth are a positive,......
Hexaware FY03 consolidated net zooms 471%
Information technology company Hexaware Technologies Ltd has posted a substantial jump in its consolidated net profit at Rs 32.88 crore (Rs 328.8 million) for the year ended December 31, 2003 as......
PNB adopts US GAAP; FY03 net at Rs 1,140 crore
Punjab National Bank's net profit for last fiscal emerged higher at Rs 1,139.77 crore (Rs 11.40 billion) after it adopted the stringent accounting principle of the United States (US GAAP) as......
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