High FDI inflows have big benefits for any economy. India thus needs to attract more investment.
Padamalaya Telefilms has posted a net profit of Rs 7.31 crore for the fourth quarter ended March 31, 2003, compared with Rs 2.42 crore for the same quarter last fiscal.
The bottomline of Videsh Sanchar Nigam Ltd, a Tata group company, is under pressure due to a fall in long distance rates, according to VSNL managing director S K Gupta.\n\n\n\n
The telecom industry topped the list in service tax collected by paying Rs 1,508.68 crore (Rs 15.09) in FY03. The government raised Rs 4,123 crore (Rs 41.23 billion) in the previous fiscal from service tax.
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.
ITC Limited on Friday reported a 19.68 per cent increase in net profit at Rs 387.06 crore during the fourth quarter ended March, 2004 whereas net profit in FY04 surged by 16.15 per cent to Rs 1,592.85 crore.
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.
Toyota Kirloskar Motor is expecting a 58 per cent jump in revenues and a 3.6 per cent rise in sales for the current fiscal.
Cipla has posted a 11 per cent increase in net profit at Rs 67.20 crore (Rs 672 million) for the quarter ended June 30, 2003 as against Rs 60.63 crore (Rs 606.3 million) in Q1FY03.
Tata Engineering & Locomotive Company has reported a 258 per cent increase in net profit at Rs 100.31 crore (Rs 1.003 billion) for the quarter ended June 30, 2003 as against Rs 28.03 crore (Rs 280.3 million) in Q1 FY03.
Infosys has reported a 28 per cent increase in net at Rs 278.12 crore (Rs 2.78 billion) for the quarter ended June 30, 2003 when compared with Rs 216.85 crore (Rs 2.168 billion) in Q1FY03.
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.
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.
Satyam Computer Services has reported a 25 per cent increase in net profit at Rs 147.59 crore (Rs 1.48 billion) for the second quarter ended September 30, 2003
Union Bank of India posted a 75.94 per cent rise in net profit at Rs 552.69 crore (Rs 5.526 billion) for the financial year ended March 31, 2003, as against Rs 314.13 crore (Rs 3.141 billion) for 2001-02.
Zee Telefilms has posted a 135 per cent increase in net profit to Rs 32.57 crore for the fourth quarter ended March 31, 2003 when compared with Rs 13.88 crore for the corresponding quarter last fiscal.
Exide Industries has posted a 66.5 per cent increase in net profit to Rs 52.33 crore for FY03 as against Rs 31.42 crore in FY02.
The company has posted a 12 per cent decrease in net profit to Rs 15.58 crore for FY03 as against Rs 17.80 crore in FY02.
Bharat Earth Movers has posted a 4% increase in net profit to Rs 18.07 crore for the fourth quarter ended March 31, 2003 when compared with Rs 17.36 crore for the corresponding quarter last fiscal.
HDFC Bank Ltd has reported a 30.48 per cent rise in net profit at Rs 387.6 crore (Rs 3.87 billion) for the fiscal ended March 31, 2003, compared to Rs 297.04 crore (Rs 2.97 billion) posted in the previous fiscal.
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.
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It also painted a grim possibility of any major gains in the rupee during the current fiscal saying that the continuing global volatility, and domestic political uncertainty ahead of the 2014 hustings will limit chances of any significant appreciation apart from further impact growth.
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