The Hindu : Business News : Sunday, May 09, 2004

Online edition of India's National Newspaper
Sunday, May 09, 2004

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Indian pharma companies on takeover spree
MUMBAI, MAY 8. Indian pharmaceutical companies have been moving aggressively to acquire companies overseas in the recent past. That should not come as a surprise because over the last few years, they have not only gained critical mass in terms of ...

Forex reserves cross $118 b
MUMBAI, MAY 8. The surge in India's foreign exchange reserves continued with a further rise of $611 million to cross $118 billion for the week ended April 30. The country's foreign exchange reserves increased from $117.87 billion to $118.49 ...

Phone subscriber base maintains growth
NEW DELHI, MAY 8. The subscriber base for telephony services continued to maintain its general growth during April 2004 also. About 16.5 lakh subscribers were added during the month, which included around three lakh fixed lines and 13.5 lakh ...

Cellular firms want more tax concessions
NEW DELHI, MAY 8. The cellular industry is making out a case for more tax-breaks when the next Government assumes power and begins the Budget-making exercise. Its basis for seeking more relief is that the growth in income by one-third over the ...

Singapore wants Indian companies to use it as springboard to enter China
CHENNAI, MAY 8.Singapore, with its long history of economic and cultural ties with both India and China, is best placed to help India in developing economic and business relations with the People's Republic, according to Pradeep K. Menon, ...

Bridging the PC-mobile phone gap
BANGALORE, MAY 8.When it comes to bringing together the twin worlds of personal computers and mobile phones, they seemed to be trying to bridge the gap from both ends — and may the best technology win! In Delhi, last week, Motorola ...

IOB operating profit up, 8 p.c. final dividend
CHENNAI, MAY 8. Indian Overseas Bank has improved its performance for the year ended March 31, 2004 by achieving an operating profit of Rs. 1,325.19 crores against Rs. 794.13 crores in 2002-03. Even with higher provisions and contingencies, ...

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