Wipro first quarter net up 43 per cent
Bangalore: Wipro today reported a 43 per cent rise in its net profit for the first quarter of 2003-2004 at Rs 206 crore over the corresponding quarter of the previous fiscal.

Announcing results for the first quarter ending June 30, 2003, the company said its revenue grew by 29 per cent at Rs 1,198.90 crore year on year.
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BSNL, MTNL to retain ISD rates
New Delhi: Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) have decided to continue with their existing tariff rates, which are between 24 per cent and 33 per cent more expensive.

According to official sources, both the companies have decided not to tamper with their ISD call charges since their revenue margins are already taking a big hit because of the increasing competition.
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Government seeks more clarification from Star
New Delhi: A day after extending Star News to uplink from India for another week, officials in the information and broadcasting (I&B) ministry said they are not so sure about Star's share owning pattern.

"We are not satisfied with many of the answers by Star" a ministry official said, when asked about the Rupert Murdoch affiliate's explanatory note on Media Content and Communication Services Ltd , its uplinking company, submitted to the government on Wednesday.
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Shalimar Paints to shift corporate office to Mumbai
Kolkata: Shalimar Paints Ltd has announced plans to shift its corporate office from Kolkata to Mumbai by December this year. The company's registered office will, however, continue to remain in Kolkata, according to Mr S.L. Agarwal, Managing Director of Shalimar Paints Ltd.
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SRF to consider hydro fluorocarbon investment plan
New Delhi: The board of directors of SRF Ltd are to meet today to consider a proposal for investment of Rs 40 crore for manufacture of hydro fluorocarbon.

SRF's chemical business produces fluorochemicals and chloromethanes. Fluorochemicals accounted for revenues of Rs 133 crore in 2001-02.
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HLL's Kolkata unit lockout challenged
Kolkata: Hindustan Lever Sramik Karmachari Congress filed a writ petition in Calcutta High Court challenging the lockout at its Kolkata Garden Reach unit.

The union asked for a court order directing the State Government to declare the lockout illegal.

In the writ petition, it was stated that the lockout order had been declared in violation of the I.D. Act 1947.
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