Oil and Natural Gas Corporation on Monday reported 50 per cent year-on-year increase in net profit in 2004-05 to Rs 12,983 crore (Rs 129.83 billion).
The number of Internet subscribers in India went up by 23 per cent in 2004-05 to 2.92 million over 2003-04.\n\n
Personal computer sales crossed 36.3 lakh units during 2004-05, registering a growth of 20 per cent over 2003-04 on the back of strong household sales.
Powered by the manufacturing boom, India's industry sectors recorded an impressive 8 per cent growth last fiscal compared to 7 per cent in 2003-04, raising hopes of a higher GDP growth during the year.
Healthy sales of passenger cars, motorcycles and commercial vehicles enabled Indian automobile industry to grow 15.9 per cent at 78,96,475 units in the domestic market in the fiscal ending March 31, 2005.
Powered by a 9.2 per cent growth in the manufacturing sector, India's economic growth stood at 6.9 per cent for 2004-05 fiscal compared to 8.5 per cent during the previous financial year.
Even as sales of M800 model fell 30 per cent and exports declined, car market leader Maruti Udyog Ltd on Monday reported a 13.6 per cent rise in sales in the just-concluded fiscal at 5,36,301 units against 4,72,122 units in 2003-04.
After taking over the home loan arm of ING Vysya Bank last year, Dewan Housing Finance now targets to double its business to Rs 900 crore this fiscal and increase its assets to Rs 5,000 crore by 2007.
Infosys Technologies Ltd will recruit 8,000-10,000 workers in the current fiscal, while its new subsidiary Infosys Consulting Inc would employ 75 people in its first year, Nandan Nilekani, managing director and CEO, said in Mumbai on Thursday.
Indian Oil Corporation, the country's largest refiner, on Monday reported a sharp 30 per cent drop in net profit for 2004-05 to Rs 4890 crore (Rs 48.9 billion) compared to Rs 7,005 crore (Rs 70.05 billion) in the previous fiscal.
Expecting a modest 6.9 per cent economic growth in 2004-05, the finance ministry on Thursday said checking inflation is high on the agenda of the government.
Personal computer sales in the country are likely to grow 40 per cent during 2004-05 touching 4.2 million units, the Manufacturers Association of Information Technology said on Thursday.
Indicating a revival after three years, information technology spending rose by 5.5 per cent last fiscal against a 17 per cent dip in the previous fiscal and is projected to grow further by 26 per cent in 2004-05, a survey said.
The finance ministry expects the inflation to be less than 5.0 per cent in this fiscal after it was restricted at an average 5.5 per cent during 2003-04.
Electronics and hardware exports clocked year-on-year growth of 3.90 per cent to touch Rs 8,000 crore (Rs 80 billion) this fiscal, Electronics and Computer Software Export Promotion Council said on Monday.
Bharti Tele Ventures has reported a 132 per cent increase in consolidated net profit at Rs 1,439.27 crore (Rs 14.39 billion) for the year ended March 31, 2005 as against Rs 619.46 crore (Rs 6.19 billion) for the year ended March 31, 2004.
3i Infotech, erstwhile ICICI Infotech, has reported a consolidated net profit of Rs 32.11 crore (Rs 321.1 million) for the fiscal ended March 31, 2005 as compared to a net loss of Rs 11.82 crore (Rs 118.2 million) for the previous fiscal.
Idea Cellular, an unlisted cellular company, will invest over Rs 1200 crore (Rs 12 billion) for network capacity expansion and coverage during the current fiscal for eight circles.
Tata Motors, India's third-biggest carmaker, on Wednesday said it would invest a little over Rs 800 crore (Rs 8 billion) this fiscal for capacity expansion, product development and marketing.
The cellular phone companies using the WLL-CDMA technology will increase their subscriber base by 86.6 per cent in 2004-05 as against the expected growth of 40 per cent in GSM customers, according to a study.
State Bank of India and France based Cardif are expected to infuse additional capital of about Rs 50 crore (Rs 500 million) in their life insurance joint venture by 2004-05.
If that happens, India's economic size will be just shy of $20 trillion and its annual per capita income will be about $10,000, when the country celebrates its centenary of independence.
43% polled that government policies will hamper growth, 7% indicated that a rise in interest rates could be the possible spoilsport. \n\n
Pharma major Ranbaxy on Thursday reported a 170 per cent rise in net profit at Rs 186 crore (Rs 1.86 billion) for the fourth quarter ended December 31, 2006
Tata Motors on Tuesday reported a 13.7 per cent increase in total vehicle sales for the fiscal ended March 31, as compared to the previous fiscal.
Biocon on Thursday reported a 12 per cent decline in consolidated net profit to Rs 174 crore (Rs 1.74 billion) for the year ended March 31, 2006 from Rs 198 crore (Rs 1.98 billion) in FY05.\n
HDFC Bank on Tuesday reported a 31.28 per cent increase in net profit at Rs 224.40 crore (Rs 2.24 billion) for the third quarter ended December 31, 2005 as against Rs 170.93 crore (Rs 1.70 billion) in Q3 FY05.
As much as 73% of total income of national political parties is unaccounted for, says Association for Democratic Rights.
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Between FY05 and FY12, rural poverty declined at 2.3 per cent per annum and urban at 1.69 per cent.
The notification bans carry bags, one-time use of polyethylene, straws and thermocol
IT major Tata Consultancy Services Ltd has acquired 100 per cent stake in Chilean software firm Comicrom for $ 23 million.
High regulatory expectations and advent of discount broking have made old-style brokerage businesses unviable.
Looking to reduce cost of operations and become competitive, Bata India Limited plans a second round of voluntary retirement scheme this year.
The rise in India Inc's market value was led by asset-light firms.
During 2006-07, electronics and IT exports are estimated to be Rs 1,53,300 crore (Rs 1,533 billion), compared to Rs 1,13,725 crore (Rs 1,137.25 billion) in FY05-06, a growth of about 35 per cent.
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