Tata Iron & Steel Company Ltd has posted a 72.97 per cent rise in net profit at Rs 1,782.80 crore (Rs 17.83 billion) for the year FY04 as against Rs 1,030.65 crore (Rs 10.31 billion) for 2002-03.
Grasim Industries group has posted a 131.29 per cent rise in consolidated net profit at Rs 738.26 crore (Rs 7.38 billion) for the fiscal ended March 31, 2004, compared to Rs 319.18 crore (Rs 3.19 billion) in the previous year.
Sun Pharmaceuticals Industries Ltd has posted a 45.01 per cent rise in its consolidated net profit at Rs 358.9 crore (Rs 3.59 billion) for the financial year 2003-04 as against Rs 247.5 crore (Rs 2.47 billion) in 2002-03.
The Hong Kong and Shanghai Banking Corporation in India has reported a 32 per cent rise in net profit (after extraordinary expenses) to Rs 197.8 crore (Rs 1.98 billion) for the fiscal ended March 31, 2004.
Housing Development Finance Corporation Ltd has posted a 28.86 per cent rise in its consolidated net profit at Rs 951.17 crore for the fiscal ended March 31, 2004, compared to Rs 738.09 crore in the previous financial year.
Bajaj Auto Ltd has clocked a 3.1 per cent growth in two wheeler sales for the fiscal ended March 31 at 12,88,259 units compared to 12,49,104 units in 2002-03.
ICICI Bank has posted a net profit of Rs 522 crore [Rs 5.22 billion ($116 million)] for the year ended March 2004, under the US GAAP, as against a net loss of Rs 798 crore [Rs 7.98 billion ($177 million)] in 2002-03.
The Central Bank of India has reported a 102 per cent rise in net profit at Rs 618.11 crore (Rs 6.18 billion) for the fiscal ended March 31, 2004, compared with Rs 305.52 crore (Rs 3.05 billion) in the previous financial year.
Wiping out all the accumulated losses, the Steel Authority of India Ltd on Friday reported the highest ever net profit of Rs 2,512 crore (Rs 25.12 billion) for the financial year 2003-04.
Indian economy is expected to grow by 7.4 per cent in 2003-04 and the next year is also likely to be good for the country, according to a top official of Centre for Monitoring Economy.
Economy is slated to grow by 7.1 per cent this fiscal after the excellent monsoon although fiscal deficit may overshoot the target, credit rating agency Crisil said on Monday.
Whether nominal or real, India's investment rate needs to increase by 3 to 4 percentage points of GDP to support 8 per cent real growth, recommends Nikhil Gupta.
TCS's mcap crossed $100 billion in 2018, 13.5 years after the IPO. It took only four more years to double its mcap to $200 billion.
Citibank India has reported a 46 per cent rise in net profit at Rs 571.62 crore (Rs 5.72 billion) for the fiscal ended March 31, 2004, compared to Rs 391.48 crore (Rs 3.91 billion) in the previous financial year.
The software and services exports from India recorded a growth of 30.5 per cent in 2003-04, clocking revenues worth $12.5 billion, according to the figures released by the National Association of Software and Service Companies.
The finance ministry may succeed in collecting over Rs 2,52,900 crore (Rs 2,529 billion) in taxes to meet the revised estimate for 2003-04 despite hefty refunds.
Novartis India Ltd has reported a 83.48 per cent rise in net profit at Rs 113.76 crore (Rs 1,137.6 million) for the fiscal ended March 31, 2004, compared to Rs 62 crore (Rs 620 million) in the previous financial year.
Canara Bank on Wednesday reported a net profit of Rs 1,338 crore (Rs 13.38 billion) during 2003-04, up by 31.31 per cent over Rs 1,019 crore (Rs 10.19 billion) in the previous fiscal.
Life Insurance Corporation of India lost more than 8 per cent market share after posting a marginal 1.93 per cent growth in business last fiscal, while private players grew by more than 153 per cent during 2003-04.
Exports of Made in India vehicles went up by a whopping 56 per cent during the last fiscal as cars, commercial vehicles and two-wheelers continued to charm overseas buyers.
Union Bank of India on Wednesday reported a 28.83 per cent jump in net profit for the year ended March 31, 2004 at Rs 712.05 crore (Rs 7.12 billion) as compared to Rs 552.69 crore (Rs 5.53 billion) in the corresponding period of the previous year.
Public sector Bharat Heavy Electricals Ltd on Tuesday revised upwards its net profit for fiscal 2003-04 at Rs 635.50 crore (Rs 6.35 billion) as against Rs 444.51 crore (Rs 4.44 billion) in the previous fiscal.
Zydus Cadila Healthcare on Monday said its net profit during 2003-04 increased by 86.68 per cent to Rs 143 crore (Rs 1,430 million) as against Rs 76.6 crore (Rs 766 million) in the previous year.
Corporation Bank has posted a 21.16 per cent rise in its consolidated net profit at Rs 530.83 crore (Rs 5.31 billion) for the financial year ended March 31, 2004 as against Rs 438.11 crore (Rs 4.38 billion) in the previous financial year.
IDBI Bank has posted a 86.3 per cent rise in net profit to Rs 132.5 crore (Rs 1,325 million) for the year ended March 31, 2004 as compared to Rs 71.1 crore (Rs 711 million) in the corresponding period last fiscal.
Tax collections grew by 18 per cent at Rs 2,52,162 crore (Rs 2,521.62 billion), crossing the Budget target and pushing up the tax-GDP ratio to 9.1 per cent, during 2003-04.
Life Insurance Corporation of India will further strengthen its financial position and is all set to rebound with a 20 per cent growth in premium income to over Rs 11,600 crore this fiscal, LIC chairman S B Mathur said.
The Centurion Bank expects to come out of the red this fiscal and targets to double its assets to over Rs 7,500 crore (Rs 75 billion) by 2004-05, after the capital infusion of about Rs 219 crore (Rs 2.19 billion) from its strategic partners.
HCL Technologies on Wednesday reported a whopping 194 per cent increase in its net profit to Rs 791.40 crore (Rs 7.914 billion) for the fiscal ended June 30 over the last fiscal.
Bank of Maharashtra has reported a 37 per cent rise in net profit at Rs 304.55 crore (Rs 3.04 billion) for the fiscal ended March 31, 2004 as against Rs 222.02 crore (Rs 2.22 billion) in the previous year.
Information technology company Moser Baer on Friday reported a 36.73 per cent rise in its net profit to Rs 324.43 crore (Rs 3,244.3 million) for the year ended March 2004 over the previous fiscal.
UTI Bank has posted a 44.82 per cent rise in its net profit at Rs 278.31 crore (Rs 2.78 billion) for the financial year ended March 31, 2004 as against Rs 192.18 crore (Rs 1.92 billion) in 2002-03.
Ahmedabad-based Zydus Cadila group has filed 12 Abbreviated New Drug Applications in fiscal 2003-04 even as the company has set a target to file 16-18 ANDAs in the current financial year.
India can achieve a 7 per cent growth in GDP this fiscal with strong economic fundamentals, reforms and a buoyant capital market, Securities and Exchange Board of India chairman G N Bajpai said on Saturday.
Having crossed $1 billion mark in revenues through 20 per cent growth in 2002-03, software major Tata Consultancy Services is targeting a growth rate of over 17 per cent during current fiscal.
Aviva Life Insurance targets to treble its business to over Rs 70 crore (Rs 700 million) and hire 2,000 more people this fiscal while targeting to be among the top six life insurers within a few years.\n\n\n\n
The government hinted on Tuesday at introducing a more stringent auditing system in line with the Naresh Chandra committee recommendations, within the next one year.
The Union Government has forgone a whopping Rs 39,704 crore (Rs 397.04 billion) duty under export promotion schemes during 2003-04, accounting for 82 per cent of customs duty collected in that year, a CAG report has said.
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